Central Ohio HUD Homes STILL Selling for ABOVE LIST PRICE! Great Deals to be Had!

Four Out Of Five HUD Homes Sell Above List Price

Remember the 5 Columbus HUD homes we featured on Christmas Eve? These were smaller Columbus houses, listed for $75,000 or below. Four of these five HUD homes sold for more than list price.

Isn't this amazing? Home buyers made offers during Christmas week, competing to get a Columbus HUD home? Isn't December the time when the real estate market is hibernating?

Obviously, there are different rules for HUD homes. Due to the fact that there is only a limited selection available, and that the government prescribes very strict bidding deadlines, Columbus HUD homes still sell like "hot cakes".

There are certainly excellent deals out there. Most of my customers can testify to the fact that they got discounts of 20% or even 30% below asking price. But you have to be ready and act quickly. To help you get ready, we just wrote a short article on the 7 Steps to Buy Your First Home. Even, if it's not the first home you are trying to purchase it will be helpful for you and get you prepared for a smooth home buying experience.

Here are the bidding results of the HUD homes we featured on Christmas Eve:

876 Fortunegate Dr, Westerville, OH
2BR/1.5BA 1,044 sqft Asking $73,000
Offer accepted on 1/4/10 for $86,107
18% above list price

8750 Hubbard Dr S., Galloway, OH
3BR/1.5 BA 1,372 sqft Asking $70,000
Offer accepted on 1/4/10 for $71,900
3% above list price

5113 Ilo Dr, Columbus, OH
3BR/2.0BA 1,467 sqft Asking $75,000
Offer accepted on 1/4/10 for $65,000
13% below list price

382 Marquis Ct, Columbus, OH
3BR/1.5BA 1,437 sqft Asking $72,000 Gahanna Schools
Offer accepted on 1/4/10 for $75,000
4% above list price

1491 Urban Dr, Columbus, OH 3BR/2.0BA 1,176 sqft Asking $62,600 Offer accepted on 1/4/10 for $63,000 1% above list price
Call me today at (614) 975-9650. January is the best time of the year 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 http://ColumbusOhioHUDHomes.com