It may be hard to believe for some, but the truth is: Columbus HUD homes sell like “hot cakes”. Despite all the negative economic news and the bad press real estate gets these days, there are home owners out there who are willing and able to buy properties.
 
As a matter of fact, all 3 HUD homes we previewed last week are already in contract. If you want to buy a good HUD home deal you have to be ready and competitive.  Let’s look at the bids submitted for these 3 homes:
 
3392 Omega Drive, Columbus – List price: $120,000
Accepted purchase offer: $120,505 (100% of list)
1005 Okatie Drive, Galloway – List price: $140,000
Accepted purchase offer: $145,000 (104% of list)
6938 Retton Road, Reynoldsburg – List price: $78,400
Accepted purchase offer: $70,000 (90% of list)

What do these numbers tell you?  First of all, it shows that properties in move-in or excellent condition are sold at or even above the asking price.  Properties that need just a little cosmetic work, like the featured listing on Retton Road, can be purchased for steep discounts. And if a property needs a lot of work the seller (HUD) is even more motivated to reduce the price. Most importantly, this shows that good deals will go fast!
 
That said, if you want to get your foot into the door and claim your piece of the pie, you need to be ready to make an offer quickly.  Call me ASAP and I’ll help you define a strategy to submit your winning bid for a Columbus HUD Home! You can’t win if you don’t bid!
 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS 
Specializing in HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650