Columbus HUD Homes

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Delaware, Hilliard, hud listings, upscale, Westerville

With 15 new HUD listings this is a good week for new Columbus HUD homes. NHMS added a few nice suburban homes, including three in the North-West (Hilliard, Dublin/Worthington areas). 
 
The Hilliard home at 3280 Andrew James Drive tops the new listings at $179,000. You also may like a new suburban HUD home at 2041 Queensbridge Drive near Smokey Row at the north end of Columbus. It’s listed for only $115,000 and serviced by Worthington Schools.

Here’s another great value in Galloway at 1074 Crossbrook Blvd – 4 bedrooms, 2.5 bathrooms listed for only $120,000.

There are plenty of less expensive Columbus houses on the market, including new listings in Linden, Whitehall and at Buckeye Lake.

Finally, the HUD home at 931 Oak Street is back on the market. I don’t want to beat a dead horse, but it seems people have been over-bidding on this home and probably could not secure the proper the financing. The most recent offers were in the mid $40Ks. This home needs a lot of work, if you want to bring it up to Olde Towne East standard. Therefore, you probably have to buy it with cash. It’s listed for only $15,000.

If you did not get a HUD Homes Map you are probably not on our email list. There’s a simple solution.  Just enter your email in the box to the right and click SEND.

Listing Statistics

Total homes available: 58 (last week: 50)

Owner occupants: 47
All bidders: 11
New listings: 12
Monday deadline: 22
Relisted/Price reduced: 10
 
Median Price: $72,500 (last week: $67,500)
Average Price: $71,572 (last week: $69,206)
Highest: $179,000
Lowest: $8,500
 
Homes less than $50,001: 22 (last week: 20)
Between $50,001 & $100,000: 22 (last week: 20)
More than $100,000: 14 (last week: 10)
 
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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Hilliard, hud listings

What a nice and cool weekend! Perfect to work in your yard, go for a nice long walk or look at the exciting Columbus HUD Homes of this week.
 
First, I want to introduce a non-HUD property that may be a good fit for you. 
 
It is located in Dublin on a deep 1/2 acre lot, was completely remodeled and is tastefully decorated. Best of all, it does NOT have any stairs.
 
Why is this important? Many of our customers tell us that they hate dragging stuff up to the bedrooms or down into the basement. Many are simply looking for Columbus houses with first floor bedrooms.
 
Well, this is the perfect opportunity for you! This California ranch features an open design with vaulted ceilings, an abundance of windows and a great view from every room of the house.
 
This home is very affordable at only $180,000, which is less than the asking price of many suburban HUD or bank owned homes.   

Featured Homes of the Week

Two of our featured HUD homes are in Westerville, one is located in Hilliard. Here they are – excellent, suburban residences ideal for first time buyers.

5347 Covington Meadows Dr, Westerville, OH
List Price: $174,000  1,728 sqft  3 BR 2.5 BA

5067 Beckenham Ct, Westerville Schools
List Price: $75,000  1,200 sqft  2 BR 1.5 BA

5144 Frisco Dr, Hilliard, OH
List Price: $108,000  1,252 sqft  3 BR 1.5 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!  
Don’t forget to look at the Dublin Ranch before it’s gone!

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, Dublin, Hilliard, HUD listing, ranch, Westerville

Just a few days ago I still mentioned that 5971 Nike Drive in Hilliard would be ready for low offers. Here we go! HUD accepted a bid of $126,000, with $120,000 net to HUD. That’s 75% of asking price (which also happens to be the appraised value.)
 
HUD is ready to deal on relists and daily deadline properties. So don’t delay and make your offer!
 
Many other Columbus houses we featured in this newsletter are in contract, some quite below asking price. Somewhat surprisingly, the HUD home on 1750 Bluhm Rd sold for $65,000. That’s a full $17,000 (or 35%) above list price. I am not sure what enticed the buyer to bid over that much, but it would have been a great deal for $48K.

One more thing I noticed when I looked at today’s relisted properties: bids on Columbus HUD Homes that are higher than the list price fall out of contract frequently. The home on 4507 Tolbert Ave in Grove City is a good example. HUD had it in contract for $121,000. Now it’s listed again for the 3rd time (!) at the appraised value of $100,000.

Listing Statistics

Total homes available: 79 (last week: 65)

Owner occupants: 64
All bidders: 15
New listings: 18
Relisted/Price reduced: 46
 
Median Price: $55,000 (last week: $60,000)
Average Price: $66,101 (last week: $71,843)
Highest Price: $196,000
Lowest Price: $5,000
 
Homes less than $50,001: 34 (last week: 25)
Between $50,001 & $100,000: 30 (last week: 25)
More than $100,000: 15 (last week: 15)
 
Call me TODAY at 975-9650. I’d be glad to show you a HUD Home over the Holiday 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, Hilliard, HUD listing, price reduction

Last Sunday I spent a few hours at the Comfest at Goodale Park. This is a very popular event with lots of artists, musicians and vendors of all sorts. My son’s band The Better Days Band played at the Solar Stage at noon. Comfest is one of the largest community festivals in the country. Best of all, there is no admission to get in, and it’s a wonderful place for people watching.

This week I have a rare selection of Columbus HUD homes in the northern suburbs. You probably noticed that HUD does not listing many properties in Hilliard, Westerville or Powell. So enjoy this unique set of Columbus houses and call me to see the inside!
 
Featured HUD Homes

191 W HIAWATHA DR, Powell, OH
List Price: $196,000  2,233 sqft  4 BR 2 BA

4598 MARILYN ST, Hilliard, OH
List Price: $120,000  1,492 sqft  3 BR 2 BA

 
3042 WALLINGFORD AVE, Columbus, OH
List Price: $62,000  1,538 sqft  3 BR 1 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!
Don’t miss out on this unique selection of properties!
 

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, Hilliard, HUD listing, Powell, Westerville

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

Here are two Columbus HUD Homes at opposite sides of the City. One is on the west side in Hilliard, the other one is east of the city in Pataskala.

Both are relatively new homes, located in great suburban school districts. These Columbus houses offer great values for first time buyers and families with kids. Each of these HUD homes is priced well below market value.

Let’s take a closer look:

3084 SERPENTINE DR, Hilliard, OH

HUD OWNED 4 BR in Hilliard
OFFERED for $155,000
CASE NUMBER 413-466064
BID DEADLINE: 5/17/09 for Owner Occupants

4 bedrooms, 2.5 bathrooms, 1688 sqft

127 CRABAPPLE LN, Pataskala, OH

HUD OWNED Pataskala home
OFFERED for $119,000
CASE NUMBER 413-428766
BID DEADLINE: 5/24/09 for Owner Occupants

3 bedrooms, 2.5 bathrooms, 1408 sqft

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, Hilliard, Pataskala, suburban schools

This Columbus HUD home is definitely larger than it looks. It comes with vaulted ceilings, a fireplace in the living room and oak cabinetry in the kitchen. You can look out the bay window from the living room in the front of the house. Enjoy your evenings in the hot tub on your private deck.

The first floor master suite is secluded and inviting. It offers a walk in shower and double vanity. There are 2 additional bedrooms and a full bathroom on the 2nd floor.
 
The asking price for this Hilliard HUD Home is only $135,000 – less than similar Columbus houses.

Click on the address for maps and 18 pictures:
1175 Onaway Court, Hilliard, OH

HUD OWNED Home in Desirable Hilliard Schools
OFFERED for $135,000
CASE NUMBER 413-451051
BID DEADLINE: 3/22/09 for OWNER OCCUPANTS
 
Here’s the link to the video:

As usual, owner occupants will receive a $2,500 credit to cover closing costs. There is also a $1,210 repair escrow.

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, Hilliard, hot tub

The trend continues! More and more upscale Columbus HUD homes are becoming available for owner occupants, while the number of properties for investors dropped to only 39. HUD added 26 new Columbus houses this week. The average listing price jumped to $83,449.

There are great deals to be had, if you are a little patient! Let me tell you about a ridiculously low offer HUD accepted on a Hilliard Home. We personally looked at this home - it’s at 5805 Thorngate Dr - Galloway address, but Hilliard schools.

Here’s the story. This Columbus HUD Home was appraised and listed by HUD for $164,000 starting early January 2009. Retail property values in this subdivision are $175,000, so it was a good offer for an owner occupant. The house did not need much work and was basically in move in condition. HUD accepted an offer on Jan 26, 2009 for a little over asking price. HUD would net 95% of appraised value.

The new buyer scheduled a property inspection, and for that purpose, utilities had to be turned on. As soon as the main switch was on, water came down through the dining room ceiling. Some of the bathroom pipes and seals must have broken, which would require a couple thousand dollars in repairs.

Next a 60 mph storm swept through Columbus and some patches of shingles flew off the roof. The buyer requested a higher repair escrow which HUD did not approve. So the buyer cancelled the contract.

HUD relisted the property immediately. Within one week they accepted $125,000 from another buyer. That is $40,000 less than the previous offer! Wow!

Congratulations to the new buyer! This is a wonderful deal. You go this house for 77% of HUD’s appraised value.

Just shows you – it’s worth being patient. We see it every week. When a house is relisted, and if there is some indication of water damage, HUD is giving it away!

While many suburban homes sell for more than asking price during the first 10 days, it is better to wait and see if a property falls out of contract. That’s when you get the really great deals.

Listing Statistics

Total homes available: 117 (last week: 120)

Owner occupants: 78
All bidders: 39
New listings: 26
Price reduced: 52
 
Median Price: $79,000 (last week: $70,000)
Average Price: $83,449 (last week: $78,588)
Highest Price: $209,000
Lowest Price: $4,500
 
Homes less than $50,001: 35 (last week: 41)
Between $50,001 & $100,000: 46 (last week: 48)
More than $100,000: 36 (last week: 31)
 
 
The new $8,000 tax credit is a great incentive to buy a home this year. Owner occupants also get a $2,500 closing cost credit from HUD, and may qualify for $100 down FHA financing.
 

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, Galloway, Hilliard, statistics

I told you in my last email that the housing market is heating up. Here’s the proof: two Columbus Houses we featured last week went in contract for asking price:

5960 Ginseng Court, Galloway, OH
4879 Victory Ct, Westerville, OH

The interior of this Columbus HUD home will surprise you! It’s very clean and extensively updated.  On the lower level are fabulous built-ins that feature a media center and office space. Plenty of room to relax and enjoy in this Columbus house. Don’t forget to look at the family room with its large fireplace! There’s a nice patio area with mature trees and a fenced yard.
 
Click on the address to see 18 pictures:
3371 Tudor Lane, Hilliard, OH

HUD OWNED in HILLIARD w/ WOOD floors!
OFFERED for $145,000
CASE NUMBER 413-456377
BID DEADLINE: 2/15/09 for OWNER OCCUPANTS

Here is the video:


 
Owner occupants will receive a $2,500 credit at closing. Bidding is still open for owner occupants till Sunday Feb 15, 2009. 

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, Hilliard