Columbus HUD Homes

The four Columbus HUD Homes I feature today are all in suburban school districts.  Two of these homes are serviced by Westerville Schools and are very affordable for the area, albeit they are older homes. The Reynoldsburg house on the other hand is only a few years old and very spacious.

As a bonus I added the Grove City ranch I mentioned on Friday. It’s listed for less than $50K in an area where the typical home sells for $95,000. You really need to take a look at our exclusive pictures – the paint job in the bedrooms and bathrooms is unique.

All featured Columbus houses come with 18 interior and exterior pictures and a video.

Here are the 4 featured Columbus HUD Homes:

5248 Mardela Dr, Westerville, OH
3BR/1.5BA 1,312 sqft Asking $125,000

3470 Steiner St, Columbus, OH
3BR/2.5BA 1,278 sqft Asking $85,000

904 Sandrock Ave, Reynoldsburg, OH
3BR/2.5BA 1,940 sqft Asking $155,000

BONUS Feature: Cheap Ranch in Grove City:

3277 Ventura Blvd, Grove City, OH
3BR/1.0BA 960 sqft Asking $47,000

Call me at (614) 975-9650 or email with your questions.

Hurry! There’s still a slim chance to get a HUD offer accepted and close before December 1, 2009 to secure the $8,000 first time buyers tax credit!

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, featured homes, Grove City, hud listings, preview, Reynoldsburg, Westerville

Last week I participated in a white water rafting trip down the New River near Fayetteville in West Virginia. If you need more excitement in your life and are not afraid of getting wet, then you should do one of these trips. It’s 6 hours of pure fun.
 
The outfitter I recommend is Class VI. They have the most experienced guides, offer very nice facilities, luxury cabins and even a gourmet restaurant.

For those of you who prefer house hunting, I found 4 really nice, suburban Columbus HUD homes . The first three are listed at least $25,000 below market value. So don’t delay and call me to see these wonderful Columbus houses before someone else snaps them up!

Featured Homes of the Week

Here are our featured HUD listings for this week. They are spread out all over the Columbus outerbelt. Click on the pictures below to get to the specific property websites and see interior and exterior images, maps, school information, and more.

6888 BETHANY DRIVE, Westerville, OH
List Price: $170,000  2,334 sqft  4 BR 2.5 BA

709 PETIGREW DR, Reynoldsburg, OH
List Price: $120,000  1,645 sqft  3 BR 2.5 BA

5492 FOREST GLEN DR, Grove City, OH
List Price: $155,000  2,240 sqft  4 BR 2.5 BA

429 RUFFIN DR, Galloway, OH
List Price: $132,000  1,610 sqft  3 BR 2.5 BA

You can see more previewed 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, including relisted properties.
 
Call me at (614) 975-9650 – I can help you find a great deal on a HUD home, bank owned or short sale listing!   

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Grove City, hud listings, rafting, Reynoldsburg, Westerville

This will be a great weekend for HUD Homes shopping. We have a record number of new HUD listings. Best of all, most of the new listings are in the suburbs. As usual, Grove City is leading the pack, closely followed by 6 new Columbus houses in the Newark area.
 
The most expensive home of this week is at 471 Highbanks Valley Dr in Newark (near Granville). It is listed for $187,000 and comes with 2,254 of living space, 4 bedrooms and was built in 2003.
 
There are only 19 relists. The price of the home at 191 W. Hiawatha Dr in Powell was reduced by $20K to $176,400.

If you are looking in the suburbs, you will find a great selection on today’s HUD Homes map. There are also new HUD houses in Hilliard, Westerville and Pataskala. 
 

Listing Statistics

Total homes available: 66 (last week: 46)

Owner occupants: 50
All bidders: 16
New listings: 31
Relisted/Price reduced: 19
 
Median Price: $75,000 (last week: $74,000)
Average Price: $78,892 (last week: $75,395)
Highest Price: $187,000
Lowest Price: $6,000
 
Homes less than $50,001: 21 (last week: 15)
Between $50,001 & $100,000: 25 (last week: 17)
More than $100,000: 20 (last week: 14)
 
Call me TODAY at 975-9650 to see the newest Columbus 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Grove City, hud listings, Newark

First, I would like to answer another question from one of our readers:
 
Question: How good a credit score do you need to qualify for buying a HUD Home?
 
Here’s our answer:
Your credit score is only important, if you try to get a bank loan to finance your HUD home. The credit score does not have anything to do with the home purchase itself, only with the financing of the home. For a cash purchase, all you need is proof of funds (bank statements in your name showing that you have enough money in the bank).

In order to get an FHA loan, most banks are looking for a credit score of 620 or higher. I do have lenders who will underwrite a loan with a 580 score. Contact me for details. In addition, proof of alternative credit (e.g. utility payments, car payments and rent payments made on time for the past 12 months) will help you overcome a lower score.
 
For conventional loans, banks look at credit scores of 680 or higher, and will require a downpayment of 5% to 20% of the purchase price.

Featured Homes of the Week

The 3 Columbus HUD homes we decided to feature this week are on a North to South axis, starting with a large home in Lewis Center, leading us south to Grove City and Groveport. All 3 Columbus houses are newer, suburban residences and very good values for first time buyers. 

9073 MISTY DAWN DR, Lewis Center, OH
List Price: $175,000  2,286 sqft  4 BR 2.5 BA

726 SCIOTO MEADOWS BLVD, Grove City, OH
List Price: $162,000  2,078 sqft  3 BR 2.5 BA

 
4452 LANDMARK RD, Groveport, OH
List Price: $128,000  2,112 sqft  4 BR 2.5 BA

You can see more previewed HUD homes at our website: http://columbushudhomes.postlets.com
 
Here you will also find a complete and up to date list of all featured Columbus HUD homes that are still open for offers, including relisted properties.
 
Call me at (614) 975-9650!

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, FHA loan, Grove City, Groveport, HUD listing, Lewis Center

Happy Father’s Day 2009! I hope you get a chance and take the day off, relax and maybe check out some of the great Columbus HUD homes we feature on this blog. 
 
For this weekend I found 2 Columbus houses you may want to look at. They are at opposite parts of Columbus, though. The first is an almost new 4 bedroom home in the Gahanna School district, the second one a ranch in the Riverbend subdivision in Grove City.

Featured Columbus HUD Homes

1750 BLUHM RD, COLUMBUS, OH
List Price: $48,000  952 sqft  3 BR 2.5 BA

 
6914 ONYXBLUFF LN, GAHANNA, OH
List Price: $147,000  1,957 sqft  4 BR 2.5 BA

You can see more previewed 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!
Ask me 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, father's day, Gahanna, Grove City, HUD listing

I can’t believe what happened. The Edgarton HUD Home I mentioned in my recent post has been relisted this morning. HUD accepted a $115K offer on Wednesday, but somehow the buyer did not come through. Now it’s back on the market for owner occupants for 5 days. This may be your third chance to get it!

You may wonder why Columbus HUD homes get relisted only 2 days after they went in contract? There are different reasons: maybe the prospective buyer did not realize that the house was uninsured (which means no FHA loans) and had to cancel the offer, or the realtor did not submit the paperwork in time (you only have 48 hours after the offer was accepted to get all your originals to NHMSI).
 
There are 21 new HUD listings this week. On top of it you’ll find 54 relisted Columbus houses, including suburban homes we featured before.
 
If you like Powell you should take a look at the property on 6360 W. Mohican Dr. It is available to all bidders. At a list price of $190,000 it’s too expensive. But HUD may soon consider lower bids to move this home. 
 
Listing Statistics

Total homes available: 86 (last week: 74)

Owner occupants: 75
All bidders: 11
New listings: 21
Relisted: 54
 
Median Price: $61,600 (last week: $71,500)
Average Price: $67,206 (last week: $76,961)
Highest Price: $190,000
Lowest Price: $5,000
 
Homes less than $50,001: 36 (last week: 28)
Between $50,001 & $100,000: 34 (last week: 21)
More than $100,000: 16 (last week: 25)
 
Call me TODAY at 975-9650 to schedule showings for 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Edgarton, Grove City, HUD listing, Powell, statistics

Although we never featured the HUD Home at 4563 Edgarton Rd in Grove City on our blog, I still want to point it out to you. I have seen the inside and know that it is a good deal for a buyer. Yesterday (Wed) it was still listed for $140,000, and I predicted in my email to our readers that “HUD will probably accept $120,000 or less.”

Here we go! HUD accepted an offer of $115,000.
 
This home fell out of contract 2 times in a row. On top of it, HUD changed the status to FHA uninsured, which means that you can’t buy it with a regular FHA loan or VA loan any longer. This eliminates 90% of the buyers.  Less competition for you as a buyer and fewer offers for HUD.

The graph below shows what happened. With each offer the price went down and HUD got more eager to get rid of the home.

The most recent (third) bidder got it for 82% of asking price. This may not sound like the greatest deal in the world until you check comparable sales.  Based on my analysis the retail value of similar Columbus houses is $160,000, so the real discount is 28%, which makes it an excellent deal.

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Edgarton, Grove City, HUD listing, statistics

With the Memorial Tournament in full swing, Dublin is buzzing and the weather could not be better. It seems we are really lucky this year, considering the rainy history of the tournament.
 
Did you ever want to live near Muirfield Village where all the golf action is going on? Then take a look at this exceptional, custom-built home. It’s located only 5 minutes North of Muirfield Village. This 2200 sqft residence sits on a 1.5 acre lot, features a beautifully landscaped backyard and a huge multi level deck.
 
This home is in top condition – a must see! It’s not a HUD home, but for only $250,000 it is very affordable! Click on the picture for details!

As a reader of this newsletter you know that there are hardly any Columbus HUD homes in Dublin. So we decided to feature 3 pretty Columbus houses just south of Dublin in Hilliard and Grove City. Don’t miss out on these suburban HUD homes:
 
5971 NIKE DR, Hilliard, OH
List Price: $160,000  1,826 sqft  4 BR 3 BA

964 ROWLAND AVE, Columbus, OH
List Price: $140,000   2,146 sqft  4 BR 2.5 BA

2396 MARIBETH PL, Grove City, OH
List Price: $105,000   1,676 sqft  3 BR 2 BA

You can see more previewed 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Grove City, Hilliard, HUD listing, Memorial tournament, Muirfield Village

Grove City is the hotspot when it comes to Columbus HUD homes listings, once again.  New HUD listings in the Southwestern City School district start as low as $45,000. Most of these Columbus houses are less than 10 years old, in great condition and wonderful deals for first time buyers.
 
The most noteworthy relist of this week is the “White House” on Grisby Ln in Pickerington. This is a real Yo-Yo; it goes in and out of contract every other week. Just look at the wintery picture when you click the link. It has been relisted at least four times!
 
This week you will also find new HUD listings in Hilliard ($160K), Marysville ($120K), Pataskala ($140K), and in Thornville near Buckeye Lake ($35K). Take advantage of this great variety and pick the home of your dreams!
 
Listing Statistics

Total Columbus HUD homes available: 74 (last week: 76)

Owner occupants: 63
All bidders: 11
New listings: 28
Price reduced: 35
 
Median Price: $71,500 (last week: $63,000)
Average Price: $76,961 (last week: $75,853)
Highest Price: $190,000
Lowest Price: $8,500
 
Homes less than $50,001: 28 (last week: 29)
Between $50,001 & $100,000: 21 (last week: 20)
More than $100,000: 25 (last week: 27)
 
Call me TODAY at 975-9650 to schedule showings for 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Grove City, HUD listing, statistics, White House

This has been a busy graduation weekend.  My youngest son graduated from Dublin Coffman High School on Saturday. It seems that festivities and parties are going on everywhere. I still managed to show 3 of the new Grove City HUD homes this weekend. Call me if you want to hear the pros and cons for each one of them!

Now is a great time to look for a new house, so you can complete your move before the new school year starts in fall.
 
I selected 3 pretty Columbus houses in suburban school districts for you to check out. All three are very affordable deals, listed for around $70 per square foot or less.
 
Don’t miss out on these 3 suburban HUD homes: 
 
3634 WILLIAMS NOOK, Grove City, OH
List Price: $140,000  1,992 sqft  3 BR 2.5 BA


 

5353 RIFLE DR, Canal Winchester, OH
List Price: $115,000   1,871 sqft  4 BR 2.5 BA

2056 SONDRA LN, Grove City, OH
List Price: $105,000   1,486 sqft  4 BR 2.5 BA  

 

Most of the time we are reviewing up to 6 Columbus HUD homes per week. Some of them are not featured in an email, so make sure you visit this website: http://columbushudhomes.postlets.com
 
Here you will 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 would like to help you find the home of your dreams!

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

Technorati Tags: Canal Winchester, Columbus Houses, Columbus HUD Homes, Columbus Realtors, graduation, Grove City, HUD listing