Is the inventory of Columbus HUD homes too small?

I was quite surprised to see  not a single HUD home available for investors in Delaware County.

The good news is that there are plenty of HUD homes all over Columbus, as well as in the suburbs. Yesterday I published a bargain hunter spreadsheet, which lists Columbus HUD homes available to all bidders. It is emailed to my subscribers for free.

On the bargain hunter list you can find quite a few relists from last Friday (boomerang homes) in Dublin, Hilliard and Westerville, and 3 in Reynoldsburg. 95 HUD homes are available to investors, 23 of which just became available to all bidders, as owner occupants did not submit offers.

The 4 Columbus HUD homes we featured a week ago in Dublin, Worthington and Grove City are in contract. The offer on the Dublin home was significantly below its list price, however, the other 3 Columbus houses sold just around asking price.

I am sorry, but a good real estate agent should know that these homes can be had at a substantial discount. Every week we report of people buying HUD homes for 20% or even 30% below asking price. Please tell your friends and family to read this blog, so they avoid overpaying for any Columbus home for sale.

Bid Results of HUD Homes Previews

5497 Shannon Heights, Dublin OH
3BR/2.5BA 1,642 sqft Asking $150,000
Offer accepted on 05/10/10 for $115,000 – 23.5% below list

1865 Weather Stone Ln, Worthington OH
3BR/2.5 BA 1,558 sqft Asking $135,000
Offer accepted on 05/10/10 for $135,000 - at list price

2155 Balais Ct, Grove City OH
3BR/2.5BA 1,648 sqft Asking $110,000
Offer accepted on 05/10/10 for $111,000 – at list price

1582 Anderley Rd, Grove City OH
3BR/2.0BA 1,066 sqft Asking $78,000
Offer accepted on 05/10/10 for $72,000 – 8% below list

To keep up to date with the HUD homes market and get fresh real estate and home buying news daily, you should also become a fan on Facebook. Simply go to www.facebook.com/OhioPrettyHomes and hit the “Like” Button at the top of the page.

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

HUD listed 26 new homes today. This is good news for buyers who want to pick up a beautiful HUD home at a bargain price, ready to move in at the beginning of the new year. The selection of Columbus HUD homes is very good, especially in suburban school districts. So, let me point out a few of the upscale Columbus houses you should check out this weekend.
 
Let’s start with a 2100 sqft home in Westerville near Hoover Reservoir. It comes with 4 bedrooms and a wooden deck. Listed for $195K, it is the most expensive home on this week’s map. Considering the area, it may be well worth the price.
 
Then we have a 2300 sqft home at Emerald Ice Loop in Delaware. It features 4 bedrooms, a covered front porch and it is “Insured” for FHA financing. Asking price is $184K. It’s located just south of the City of Delaware.

There’s another 4 bedroom home. This one’s located at Friston Blvd in Hilliard. It is listed for only $141K.
 
The New Albany house at Mardela Drive is back on the market, as well. It is still listed for $125K. You may want to take another look, if you like the north east side of Columbus. If you call me, I may dig up the previously accepted offer from our secret database.

The price of the lake house in Millersport was reduced to $67K, just as I predicted a few days ago. And the forever listed and relisted brick double on 1208 Long Street is back on the market for only $15,000. It was originally listed for $60,000. 

Listing Statistics

Total homes available: 80 (last week: 66)

Owner occupants: 61
All bidders: 19
New listings: 26
Sunday deadline: 15
Relisted/Price reduced: 20
 
Median Price: $73,500 (last week: $70,000)
Average Price: $75,236 (last week: $71,355)
Highest: $195,000
Lowest: $9,000
 
Homes less than $50,001: 28 (last week: 24)
Between $50,001 & $100,000: 31 (last week: 27)
More than $100,000: 21 (last week: 15) 
 
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

This week I selected two nice, suburban HUD homes in Delaware. These Columbus houses are very affordable and perfect for first time buyers. If you want to live north of Columbus in an upscale community without the big city traffic, you should definitely consider a Delaware HUD home.
 
Take another look at the exceptional, custom-built home I mentioned last week. It’s only 5 minutes from Delaware and sits on an 1.5 acre lot. This home is larger than our featured Columbus HUD homes, in superb condition, and offers real country living. Priced at $250K, you can buy this home with an FHA loan! Click on the picture for details!
 
VERY IMPORTANT: You only have 5 months left to close on your first home and claim the $8,000 tax credit. We already noticed a steep increase in interest rates last week. So please, don’t delay and take advantage of our terrific deals now!
 
Featured Columbus HUD Homes

197 STONHOPE DR, Delaware, OH
List Price: $140,000  1,912 sqft  4 BR 2.5 BA 

419 LACHANCE CT, Delaware, OH
List Price: $115,000   1,644 sqft  3 BR 2.5 BA

656 SALISBURY RD, Columbus, OH
List Price: $48,000   1,056 sqft  3 BR 2 BA

You can see more featured Columbus HUD homes at our website: http://columbushudhomes.postlets.com
 
Here you will also find a complete and up to date list of all featured HUD homes that are still open for offers.
 
Call me at (614) 975-9650!
I’d be glad to answer all your real estate questions!

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

Today, I want to bring your attention to two re-listed (boomerangs) Columbus houses. Both homes are available for bidding by owner occupants till Tuesday, 4/14/09 at midnight. Better hurry!
 
Read to the end – I have a great BONUS HOME for you!
 
The first “boomerang” is a 4 BR/2.5BA Dominion built Columbus HUD home in Galloway Ridge. It has a very practical layout and is just north of W Broad St. Click the picture for more details. 
 
476 Belfair Dr, Galloway, OH

 
The other “boomerang” HUD home is now listed for the 3rd time! Looks like it fell out of contract twice, hopefully the 3rd time is the charm! This is a very nice condo end-unit in Westerville, complete with all appliances offered for only $72,000. Buying this condo is cheaper than renting a comparable property, and if you are a first time home buyer, you will get a 10% (up to $8,000) income tax credit, too!
 
538 Foxtrail Circle, Westerville, OH

 
If you would like to see previously featured HUD homes that are still on the market, simply follow this link: http://columbushudhomes.postlets.com 
 
Here is a BONUS Relisted Columbus HUD Home for you. We did not feature this home before, but it is an exceptional deal. Homes in this subdivision sell for $200K and more. Click on the picture – you won’t believe what it’s listed for. 

131 Dogwood Dr, Delaware, OH  —  4BR/2.5BA Single Family House

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