Price reductions are a big part of HUD’s selling strategy. This is obvious in today’s HUD homes map.
There are 38 relists. Almost two thirds (24) of the relisted HUD homes are price reductions. Most of these homes were on the market for 30 days and did not sell, so HUD decided to lower the price by 10%.
This is where you can find the best deals.
Relisted HUD homes are exclusively available to owner occupants for 5 days. If they do not sell by Wednesday you have an excellent chance of getting a low offer accepted.
Our bargain hunter list highlights these Columbus houses. Watch out for my Wednesday email and submit a low offer on one of the relists!
The price of the tiny Upper Arlington HUD house at Nottingham was finally lowered to $176,400. I believe it is still too expensive.
Try $135K, if it did not sell by Wednesday. The most recent HUD bidding results indicate that HUD is very eager to accept lower offers!
Listing Statistics
Total homes available: 179 (last week: 182)
Owner occupants: 86
All bidders: 93
New listings: 30
Sunday deadline: 18
Relisted/Price reduced: 38
Median Price: $72,000 (last week: $71,100)
Average Price: $70,769 (last week: $72,584)
Highest: $176,400
Lowest: $9,100
Homes less than $50,001: 56 (last week: 66)
Between $50,001 & $100,000: 85 (last week: 85)
More than $100,000: 38 (last week: 43)
Call me today at 975-9650 to find the best HUD deals in Columbus!
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
