Did you ever wonder why many Columbus HUD homes are not very old? Most of our previews were built after the year 2000. We are talking about almost new homes that only one owner occupied before they were foreclosed on.
In the first half of this decade many builders made arrangements with FHA to underwrite their own loans. This made it easy for them to sell their newly built homes to buyers that could not otherwise afford a new home. Large portions of new subdivisions were financed by FHA backed loans. Some of the owners lost their home to foreclosure, and because FHA insured the loan, the house became a HUD home.
For the house hunters among you this is a wonderful situation. Now you can buy almost new Columbus houses for a fraction of the original cost. Many of these homes are in very good condition. Even if they need minor repairs, the expensive components such as furnace and A/C, windows, structure and kitchen are typically in good shape. Most of the time you will get away doing cosmetic repairs only, such as painting and cleaning the carpets, something many buyers do anyway after they close on their new home.
Today's 5 featured Cumbus HUD Homes were built between 1996 and 2006 - take a look!
5561 Mesa Falls St, Dublin, OH
2BR/2.5BA 1,580 sqft Asking $132,000
760 Range Dr, Galloway, OH
3BR/2.5 BA 1,490 sqft Asking $145,000
815 Windy Hill Ln, Galloway, OH
3BR/2.5BA 1,248 sqft Asking $97,000
7669 Dover Ridge Dr, Blacklick, OH
3BR/2.5BA 2,207 sqft Asking $139,000
2917 Morality Dr, Columbus, OH
3BR/2.5BA 1,524 sqft Asking $130,000
Call me today at (614) 975-9650 - This 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