Susanne Novak, ABR, FIS, GRI - HUD, REO & Investment Specialist

Three Pickerington HUD Homes Top Featured List

With the exceptional selection and variety of Columbus HUD Homes available this week, I decided to preview a total of 6 suburban HUD Homes instead of the usual 3.

For each featured home I created a property website, took 18 pictures and created a video. No other Columbus realtor is providing you with this information. If you read my blog, you don't worry about the rainy weather. You can enjoy the best Columbus HUD homes from the convenience of your home.

Three of today's featured HUD homes are in Pickerington. Althought this beautiful suburb had its share of HUD listing over the past year, today's homes are special. They are located in newer subdivisions and priced between $125K and $155K.

I also included the New Albany HUD home we mentioned on Friday. There are not too many HUD homes in this upscale, north eastern suburb.

We round off today's previews with a relisted Galloway ranch and a split-level home in the Westerville school district for only $80,000.

Here they are our 6 unique Columbus HUD Homes:

441 Carver St, Pickerington, OH
3BR/2.5BA 1,892 sqft Asking $155,000

776 N Starr Dr, Pickerington, OH
3BR/2.5BA 1,932 sqft Asking $125,000

998 Gray Dr, Pickerington, OH
3BR/2.5BA 1,981 sqft Asking $155,000

5981 Twin Pine Dr, New Albany, OH
3BR/2.5BA 1,862 sqft Asking $185,000

5828 Westbank Dr, Galloway, OH
3BR/2.5BA 1,813 sqft Asking $130,000

4505 Wrangell Pl, Columbus, OH
Westerville Schools
3BR/1.5BA 1,260 sqft Asking $80,000

Don't miss out on these wonderful HUD homes.

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 http://ColumbusOhioHUDHomes.com

Record Number of New Columbus HUD Homes Listings

Written by Susanne Novak on October 23, 2009 - 10:56 am -

In a push to sell more homes before the end of the year HUD has added 38 new listings to the market. We never saw that many new HUD listings since we began publishing this blog.

If you received our Columbus HUD homes map, you saw mostly red markers all over Central Ohio (new listings reserved for owner occupants). Many of the new HUD listings are on the east and south side of Columbus, including many suburban homes.

Among the higher priced properties ($100,000 and above) are 3 new HUD homes in Pickerington, 3 in Galloway, and many more in Reynoldsburg, Delaware, Canal Winchester, and Groveport. There's also a wonderful HUD home in New Albany at 5981 Twin Pine Drive. You certainly don't want to miss to see this house, if you are looking for an upscale suburban residence!

In addition, there are 18 relisted Columbus houses and price reductions (yellow markers). In the past HUD has accepted lower offers on relists, especially, if they become available to all bidders next Wednesday!

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

Central Ohio HUD Listing Statistics for 10/23/09

Total homes available: 83 (last week: 54)

Owner occupants: 69
All bidders: 14
New listings: 38
Sunday deadline: 13
Relisted/Price reduced: 18

Median Price: $70,000 (last week: $61,500)
Average Price: $78,225 (last week: $75,457)
Highest: $185,000
Lowest: $6,000

Homes less than $50,001: 30 (last week: 24)
Between $50,001 & $100,000: 28 (last week: 15)
More than $100,000: 25 (last week: 15)

Call me TODAY at 975-9650 to see the newest HUD Homes this weekend!

P.S. You probably missed the deadline for closing before the Tax Credit expires, if you need bank financing! However, you could pursue these Last Minute Strategies to Claim Your Tax Credit ...

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

Bidding War Inflates Offers on Suburban HUD Homes

Only 3 boomerang Columbus HUD homes are available to all bidders today (list date 10/16/09) with asking prices of $50,000 or below. If you are looking for newer, suburban Columbus houses you will have to go further away from the city. The 3 HUD homes above $100K are in Newark, Ashley and Circleville.

It appears that the looming expiration of the first time buyers tax credit on November 30, 2009 caused a bidding war on HUD homes. Many Columbus houses went in contract for way above asking price. Owner occupants are eager to close on HUD deals and pocket the $8,000 from the government to repair or furnish their new homes.

Here are just 3 examples of offers accepted by HUD earlier this week. The bid results are stunning:

4623 Gillenbury Loop W, Grove City, OH: listed: $131,000
Offer accepted on 10/19/09 for $151,000 - 15% above list

3269 Bellowind Dr, Reynoldsburg, OH: listed: $80,000
Offer accepted on 10/19/09 for $107,150 - 34% above list

2385 Chateau St, Grove City, OH: listed: $58,000
Offer accepted on 10/21/09 for $72,000 - 24% above list

Here's an exception that proves that great deals are out there. Remember the house on 3280 Andrew James Drive in Hilliard? It became available to all bidders a week ago. Now HUD accepted a contract for $145,000, that's 19% BELOW list price ($179,000). Congratulations to the buyer!

This may be a frustrating time for buyers, as they see their opportunities vanish. Don't dispair! Some of these homes will come back at a reduced price. There will also be a continuous flow of new Columbus HUD homes for weeks and months to come. Once the tax credit is gone the market will cool off, and you will see lower prices for HUD homes over the winter months.

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

Affordable HUD Homes in Suburban School Districts

The four Columbus HUD Homes I feature today are all in suburban school districts. Two of these homes are serviced by Westerville Schools and are very affordable for the area, albeit they are older homes. The Reynoldsburg house on the other hand is only a few years old and very spacious.

As a bonus I added the Grove City ranch I mentioned on Friday. It's listed for less than $50K in an area where the typical home sells for $95,000. You really need to take a look at our exclusive pictures - the paint job in the bedrooms and bathrooms is unique.

All featured Columbus houses come with 18 interior and exterior pictures and a video.

Here are the 4 featured Columbus HUD Homes:

5248 Mardela Dr, Westerville, OH
3BR/1.5BA 1,312 sqft Asking $125,000

3470 Steiner St, Columbus, OH
3BR/2.5BA 1,278 sqft Asking $85,000

904 Sandrock Ave, Reynoldsburg, OH
3BR/2.5BA 1,940 sqft Asking $155,000

BONUS Feature: Cheap Ranch in Grove City:

3277 Ventura Blvd, Grove City, OH
3BR/1.0BA 960 sqft Asking $47,000

Call me at (614) 975-9650 or email with your questions.

Hurry! There's still a slim chance to get a HUD offer accepted and close before December 1, 2009 to secure the $8,000 first time buyers tax credit!

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