The snow has just melted, but buyers are already crazy about HUD homes. When you see the bid results of this week, you will agree that there is a frenzy going on – at least when it comes to the nicer, suburban HUD listings.
Five of our featured HUD homes are in contract! It is amazing that some of them received much higher bids the second time around than when they were listed initially.
Obviously, most realtors don’t save a database of HUD bidding statistics. Well, this is one way we are different. If you work with me, you will know what HUD accepted previously. And you will not overpay on a relist!
3860 Maidens Larne Dr, Columbus, OH
List Price: $146,000
Offer accepted on 03/10/10 for $128,100
Offer accepted on 01/27/10 for $110,000
2917 Morality Dr, Columbus, OH
List Price: $146,000
Offer accepted on 03/10/10 for $122,155
4205 Nafzger Dr, Columbus, OH
List Price: $157,000
Offer accepted on 03/10/10 for $168,750
Offer accepted on 12/2/09 for $145,201
3445 Steiner St, Columbus, OH
List Price: $117,000
Offer accepted on 3/10/10 for $117,000
Offer accepted on 2/17/10 for $120,000
Offer accepted on 1/20/10 for $105,000
4455 Rolling Ct, Grove City, OH
List Price: $130,000
Offer accepted on 03/10/10 for $135,800
Offer accepted on 02/22/10 for $135,000
There are 2 reasons why Columbus HUD homes are still selling extremely well:
- Most buyers have waited for the snow to melt before they decided to go out and look at homes. March is the official start of the spring buying season.
- There is another deadline looming: the tax credit for both first time and repeat buyers will expire at the end of April. You must sign a purchase contract by April 30, 2010 or you won’t qualify.
Here’s the good news! There’s still a long list of exceptional homes available for all bidders. You will find 69 HUD homes on today’s bargain hunters list, 23 of them are boomerangs that got relisted last Friday.
And on top of it, the 65 new HUD listings from last Friday are waiting for offers with a Sunday deadline!
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
