Columbus HUD Homes

This rainy Friday starts a very important weekend. Not only is it a holiday weekend – Monday is Columbus Day, which means that banks and government agencies are closed. It is also the last weekend to go house hunting if you want to submit an offer on a HUD home and close before the November 30, 2009 deadline to claim your $8,000 tax credit. 

Due to the time it takes to get the necessary paperwork from HUD and the purchase loan approved by your lender (not to talk about the uncertainties of the loan approval process), I strongly recommend that you submit your HUD offer this weekend. Call me today to schedule a few showings, and let’s get a bid in by Monday midnight!

This week we see a jump in the median list price of Columbus HUD homes from $59,500 to to $70,000. It is mostly due to a lower number of cheap properties below $50K. You will find a few of our featured Columbus houses relisted on today’s map (yellow markers).  They include the home at 3280 Andrew James Drive in Hilliard (listed for $179K) and 1180 Nathan Drive (listed for $102K, also on the west side).
 
I have bidding stats for these HUD homes, so we can see what they sold for previously. If you work with me you will know how much HUD accepted in the previous go around.

Listing Statistics

Total homes available: 61 (last week: 70)

Owner occupants: 49
All bidders: 12
New listings: 16
Sunday deadline: 21
Relisted/Price reduced: 12
 
Median Price: $70,000 (last week: $59,500)
Average Price: $79,544 (last week: $77,777)
Highest: $180,000
Lowest: $14,000
 
Homes less than $50,001: 24 (last week: 31)
Between $50,001 & $100,000: 20 (last week: 19)
More than $100,000: 17 (last week: 20)
 
Call me TODAY at 975-9650 to see the newest HUD Homes this weekend! 

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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