Columbus HUD Homes

It may be hard to believe, but most of the new HUD listings from 10 days ago are in contract. There’s hardly anything left on our bargain hunter’s list, which we mailed to our subscribers a few minutes ago.

There’s one home on the list I want to point out to you. The HUD home on 2607 Northwold Road in the Westerville school district, which was listed for $92,000. Earlier this morning it was still available to all bidders, so it was added to our bargian hunter list. I planned to suggest that you offer around $75K for this home, because it is a relist and it needs some work. 

As I checked the listing page this afternoon, the status had changed to “Offer Accepted.” Guess what HUD accepted as its net purchase price: $75,827. That’s a discount of almost 20%.

You may wonder why I was able to suggest an offer that was so close to the final purchase price?  It’s not intuition, but it’s experience and the time I spend continuously tracking HUD’s bidding results. This is how I can accurately predict what HUD should accept. Nobody bets a hundred – but we are getting very good. So, if you decide to work with me, you can benefit from my experience and get the best possible deal on your Columbus HUD home.

Now let’s see how much the featured homes from 10 days ago sold for. The title of the blog post was Grove City HUD Homes on a Halloween Weekend.

4484 Parkwick Dr, Columbus, OH
HUGE 4BR/2.5BA 2,332 sqft Asking $116,000
Offer accepted on 11/9/09 for $116,000  — 100% of asking price

2233 Owl St, Grove City, OH
3BR/2.0 BA 1,195 sqft Asking $100,000
Offer accepted on 11/9/09 for $93,300  — 6.7% discount

2822 Southfield Village Dr, Grove City, OH
3BR/2.5BA 1,395 sqft Asking $105,000
Offer accepted on 11/12/09 for$94,500 — 10% discount

3164 Arrowsmith Dr, Reynoldsburg, OH
3BR/2.5BA 1,534 sqft Asking $95,000
OPEN TO ALL BIDDERS!!

5461 Cherrywood Rd, Columbus, OH
3BR/1.5BA 1,352 sqft Asking $109,000
OPEN TO ALL BIDDERS!!

With regard to Arrowsmith and Cherrywood, I suggest you prepare an offer. You may be able to get a bargain!

Call me at (614) 395-7375 and I will give you my best guess on what I believe HUD will accept.

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

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