79 HUD Homes Listings in Columbus with Many Price Reductions

Susanne Novak — Sat, 04 Jul 2009 01:27:59 +0000

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

Columbus HUD Homes » price reduction

79 HUD Homes Listings in Columbus with Many Price Reductions