Is the inventory of Columbus HUD homes too small?
I was quite surprised to see not a single HUD home available for investors in Delaware County.
The good news is that there are plenty of HUD homes all over Columbus, as well as in the suburbs. Yesterday I published a bargain hunter spreadsheet, which lists Columbus HUD homes available to all bidders. It is emailed to my subscribers for free.
On the bargain hunter list you can find quite a few relists from last Friday (boomerang homes) in Dublin, Hilliard and Westerville, and 3 in Reynoldsburg. 95 HUD homes are available to investors, 23 of which just became available to all bidders, as owner occupants did not submit offers.
The 4 Columbus HUD homes we featured a week ago in Dublin, Worthington and Grove City are in contract. The offer on the Dublin home was significantly below its list price, however, the other 3 Columbus houses sold just around asking price.
I am sorry, but a good real estate agent should know that these homes can be had at a substantial discount. Every week we report of people buying HUD homes for 20% or even 30% below asking price. Please tell your friends and family to read this blog, so they avoid overpaying for any Columbus home for sale.
Bid Results of HUD Homes Previews
5497 Shannon Heights, Dublin OH
3BR/2.5BA 1,642 sqft Asking $150,000
Offer accepted on 05/10/10 for $115,000 – 23.5% below list
1865 Weather Stone Ln, Worthington OH
3BR/2.5 BA 1,558 sqft Asking $135,000
Offer accepted on 05/10/10 for $135,000 - at list price
2155 Balais Ct, Grove City OH
3BR/2.5BA 1,648 sqft Asking $110,000
Offer accepted on 05/10/10 for $111,000 – at list price
1582 Anderley Rd, Grove City OH
3BR/2.0BA 1,066 sqft Asking $78,000
Offer accepted on 05/10/10 for $72,000 – 8% below list
To keep up to date with the HUD homes market and get fresh real estate and home buying news daily, you should also become a fan on Facebook. Simply go to www.facebook.com/OhioPrettyHomes and hit the “Like” Button at the top of the page.
Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650
