The market always tells us the real value of a property. This week’s bidding results are a perfect example of this fact. Out of 4 Columbus HUD homes we featured on August 10, only the house at 709 Petigrew in Reynoldsburg received an offer above list price. The other 3 were slightly overpriced (or should I say over appraised) and sold for around 5% below asking price.
 
What’s left for bargain hunters this week? There are only 6 boomerang homes on the list. The free standing condo at 4395 Chanterelle Dr in Grove City is listed for $92,000. Not a bad price for this residence in a well kept subdivision. However, there is mold in the house, so you should offer much less.

The $187K home in Newark has been available to all bidders for more than a week. Time to make an offer and start dealing with HUD!

If you are already a subscriber, you receive our Bargain Hunter’s List every Wednesday. It shows HUD Homes available for all bidders and investors. We always point out the boomerang homes, relisted Columbus houses that just passed the deadline for owner occupants. These are the homes you need to bid on to get huge discounts!

If you are not a subscriber, yet, click on the blue button below and join our list NOW!

Most suburban Columbus HUD homes are in contract within 10 days. Don’t delay and get on board! I can help you find a great deal.
 
Call me at (614) 975-9650 to schedule a showing!
 

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

You will find 13 new HUD listings this week. There’s a very nice home at the northern end of Westerville, just beside the Medallion Golf Club. It’s listed for $174,000, which is probably close to its retail value.
 
Another suburban home to consider is the HUD house on Frisco Court in Hilliard, which is available for $108,000.
 
Among the relisted or boomerang Columbus HUD Homes you will find quite a few familiar homes. The Long Street Double is back on the market for $36,000. Remember, this brick building was in contract for $21,000. I am pretty sure HUD will accept a similar deal this time around, since the price has been reduced again.
 
Another familiar home is the “White House” in Pickerington. This one must have been in contract at least 5 times, so it has been around for a while. Not only is the house white, but the photo on the HUD website is full of snow, as well. The latest list price is $127,440 – reduced by 10%. The house has foundation issues and big holes in the driveway. Why not try a low-ball offer, preferably with 203 (k) Streamline financing?

Listing Statistics

Total homes available: 71 (last week: 69)

Owner occupants: 49
All bidders: 22
New listings: 13
Relisted/Price reduced: 36
 
Median Price: $74,000 (last week: $60,000)
Average Price: $78,740 (last week: $72,299)
Highest Price: $180,000
Lowest Price: $10,000
 
Homes less than $50,001: 23 (last week: 27)
Between $50,001 & $100,000: 30 (last week: 26)
More than $100,000: 18 (last week: 16)

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