Columbus HUD Homes

Nine of the relisted Columbus HUD homes from last Friday did NOT go in contract with owner occupants. As a reader of this blog you already know that these are the Columbus houses that offer the best chance to get a low purchase offer accepted by HUD.  This is a great ”opportunity” for real estate investors. Some of these boomerang HUD homes (they are coming back after they were in contract before) are in desirable suburban locations, such as Westerville, Grove City and Delaware.
 
If you received the bargain hunter spreadsheet in your email inbox, you can easily identfy these homes. If you are not a subscriber simply enter your email in the opt-in box and join our list. Here you get the best and most comprehensive, free information on HUD homes you will find anywhere.

Pay attention to the 9 Columbus HUD homes on the top of the bargain hunter spreadsheet. Let’s take a closer look at 3 of these homes, which we featured a few weeks ago on this blog.

787 Twin Acorn Court in Blacklick a huge 4 bedroom listed for $140,000,

3622 Cove Lake Ln in Grove City listed for $100,000 and

5248 Mardela Drive in Westerville listed for $125,000.
 
Click on the addresses to take another look at the pictures and videos, and decide, if it’s time to make an offer!
 
All of last week’s featured homes are in contract!  You can find out what they sold for at our blog post about Three Pickerington HUD Homes and click on the links to the property websites.

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: boomerang homes, Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, relist

Only 7 new HUD listings this week! If you like newer, suburban Columbus HUD homes, I recommend you look at the two Columbus houses in Reynoldsburg and Blacklick. Click on the red markers on the map to see the new listings of this week.
 
Don’t forget that it is NOT TOO LATE to still look and bid at last week’s new listings. We featured 4 very nice HUD homes in the suburbs for you. Check the blue markers on the map for those.
 
On the other hand, there are 14 relists, some of them were featured a few weeks ago. Relists are HUD Homes shown as yellow markers on the map and have a Tuesday bidding deadline for owner occupants.
 
There are 3 relists in the Westerville area. Remember the home on 5555 Connorville Dr near New Albany? It’s  listed for $168,000.
 
If you are more into rehabs and “classical”, Old Towne East brick homes, you should take another look at 931 Oak St. It’s offered for only $15,000. Previously, it was in contract for around $45,000. This home is a great value, but it needs work.
 
Don’t miss any of these excellent deals in the future and subscribe to our email newsletter. Click on the blue button at the bottom of this post and you’ll receive the latest Columbus HUD Homes Map every Friday – it’s FREE!

Listing Statistics

Total homes available: 59 (last week: 83)

Owner occupants: 42
All bidders: 17
New listings: 7
Sunday deadline: 21
Relisted/Price reduced: 14
 
Median Price: $73,700 (last week: $75,000)
Average Price: $73,717 (last week: $76,359)
Highest Price: $187,000
Lowest Price: $14,000
 
Homes less than $50,001: 21 (last week: 27)
Between $50,001 & $100,000: 25 (last week: 34)
More than $100,000: 13 (last week: 22)
 
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: bidding statistics, Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, relist

Only 19 Columbus HUD homes are available to all buyers this week. Two of them are relists from last Friday. We call these homes boomerangs, because they came back after they were in contract previously. 
 
One of the 2 Columbus houses relisted on Friday is in Mt. Sterling, the other one at 191 W. Hiawatha Dr in Powell. At a list price of $196,000 it is one of the most expensive HUD homes around, and most certainly over-priced. The previous offer accepted was for $145,000 or 70% of list price. Consider this a good starting point for your offer consideration.
 
Here are two more interesting Columbus HUD Homes. The property at 101 Brooksedge in Pataskala has a strange floor plan layout. I believe HUD may accept as low as 75% of list price.
 
The house at 7200 Springdale Dr in Reynoldsburg is a 2 bedroom condo listed for $68,000. This may appear like a good deal, however, it has water damage in the kitchen and mold in the finished basement, so HUD will probably have to accept much less. Try at 70% of list price.
 
Finally, here’s an update on a property we featured a few weeks ago. The HUD home at 726 Scioto Meadows Blvd in Grove City went in contract for $115,000 which is only 2/3 of the list price of $162,000. This is a remarkable price drop for a house in pretty good condition. An owner occupant won this bid.   
 
You can see that great deals are out there. Let me help you find them and develop a good bidding strategy.

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

 
Call me at (614) 975-9650 to schedule a showing!

Technorati Tags: boomerang, Columbus Houses, Columbus HUD Homes, Columbus Realtors, HUD listing, relist

Many Columbus HUD Homes sell above list price. Specifically Columbus houses located in the suburbs that are in move in condition or need only minor repairs are very popular with owner occupant buyers. Truth be said, they usually get great deals on these homes.

HUD Homes that fell out of contract and have been relisted offer great opportunities for deeper discounts. Take a look at the most recent Columbus HUD Homes deals.

I have seen the house on 7855 Fairfax Loop in Blacklick.  It is huge, with a good floor plan, and features a large deck backing to the woods. It was one of the relists from last Friday, but now it’s in contract for $144,500, that’s $15,500 above list price.
 
The White House of Pickerington went in contract again for $110,000. Maybe the 6th time is the charm? And the Long Street Double found a taker for $34,000, which is $13,000 more than the last go around.

You will find great deals on today’s bargain list. For instance, there is a nice suburban, Pataskala HUD home at 101 Brooksedge Drive. It was relisted last Friday and is now available to all bidders at an asking price of $139,140.

Twenty Seven HUD homes are available to all bidders. If you subscribe to our list you receive a weekly bargain hunter’s spreadsheet with Columbus HUD Homes available to all bidders.  We mail it out every Wednesday, which is the day after the deadline for owner occupants and offers the best opportunites for investors to snag a deal. Enter your email in the box to the right to get your bargain hunter’s list!

Make an offer – HUD is ready to 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: boomerang, Columbus Houses, Columbus HUD Homes, Columbus Realtors, HUD listing, Pataskala, relist

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

Technorati Tags: boomerang homes, Columbus Houses, Columbus HUD Homes, Columbus Realtors, Delaware, Galloway, relist, Westerville

It seems that some Columbus HUD Homes keep coming back on the market a number of times. We call them BOOMERANG HOMES. Officially these Columbus Houses are “re-listed”, because they fell out of contract. We don’t know why contracts are cancelled, but the two major reasons are failing a property inspection and problems with financing for the buyer.

The condition of a property can certainly deteriorate after the offer was made. Remember the heavy wind earlier this week? A Columbus house we have in contract suffered significant roof damage during the storm. So we asked HUD to increase their repair escrow and cover the additional expenses. The request was granted, which shows that HUD is pretty motivated and wants to get contracts closed.

Here are 4 Boomerang Homes we previously featured on this blog. 

4 Unit Brick Building on 2903 E 9th Ave., Columbus, OH
price reducted, now listed at 60% of appraised value – relist: 3rd time

 
Golf Course Home in Hilliard, 3262 Andrew James Drive, Hilliard, OH
price reduced 10%, now asking 75% of comparable sales, relist: 2nd time

 
Split-level home on East Side, 5640 Oakmont Drive, Columbus, OH
same price, great value, relist: 2nd time

 
Freestanding condo, 3889 SHANNON GREEN DR, Canal Winchester, OH
all appliances, relist: 2nd time

Re-listed Columbus HUD Homes are available for owner occupants only for the first 5 days, then bidding opens up to all investors.  Call or email to make an offer! 

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: boomerang, Columbus Houses, Columbus HUD Homes, Columbus Realtors, relist