If you are like most home buyers, you are probably looking for a "deal". The best deals in today's market are foreclosure homes. I am talking about Columbus OH homes for sale that are owned by a lender or the Federal Government. Although many homes are listed as short sales and the owners may be facing foreclosure, I do not recommend you go after these homes. Contracts on short sales are very unpredictable and take forever to close. Believe me when I say this. I personally completed … (0 comments)
columbus hud homes: Central Ohio HUD Sales GO INTO OVERDRIVE! Warm Weather and the Looming 4/30/10 Deadline Spur Sales!
- 03/11/10 11:51 AM
Warm Weather & Loooming Deadline Foster HUD Homes Sales The snow has just melted, but buyers are already crazy about HUD homes. When you see the bid results of this week, you will agree that there is a frenzy going on - at least when it comes to the nicer, suburban HUD listings. Five of our featured HUD homes are in contract! It is amazing that some of them received much higher bids the second time around than when they were listed initially. Obviously, most realtors don't save a database of HUD bidding statistics. Well, this is one way we are different. If you … (2 comments)
columbus hud homes: Ohio HUD Buyers - Now that the INCENTIVES ARE GONE, are HUD Homes still a GOOD DEAL?
- 02/21/10 01:04 PM
Are HUD Homes Still Good Deals Now That Incentives Are Gone? You may have heard that FHA discontinued some very valueable incentives to buy Columbus OH homes for sale owned by HUD. The $100 down-payment FHA loans and the $2,500 incentive for owner occupants are gone. Many people have asked me, if HUD homes are still good deals and worth pursuing? In my opinion, the answer is YES! Here are some reasons why: HUD homes are typically offered at a steep discount compared to similar listings in the same subdivision. Even if you offer more than the asking price, most of the time … (0 comments)
The home was appraised by HUD for $104,000 and went into contract before - twice! Of course we don't know why it fell out of contract, however, we could not find anything wrong with it and the home inspector gave the property a clean bill … (2 comments)
columbus hud homes: Columbus OH - 5 Terrific Suburban HUD Homes w/ 18 pictures and a VIDEO TOUR!
- 11/08/09 04:48 AM
Five Gems on the East Side of Columbus What an incredible November weekend! Beautiful sunshine and comfortable temperatures to enjoy all kinds of outdoor activities. Whether you are camping with your family, raking the leaves in your yard or looking for the perfect HUD home to buy, today is the day to be outside and enjoy the sun! To help you with your home buying plans, I went to the East Side of Columbus and inspected 5 HUD homes for you in Blacklick, Pickerington and New Albany. Once again, I picked very nice suburban homes that are perfect for young families and … (2 comments)
columbus hud homes: Central Ohio HUD Listing Statistics for the week of November 6, 2009 - 21 NEW Listings and 14 RE-LISTS!
- 11/08/09 04:44 AM
Listing Statistics for Central Ohio HUD Homes for the week of 11/6/09 Total homes available: 76 (last week: 92)Owner occupants: 57All bidders: 19New listings: 21Sunday deadline: 22Relisted/Price reduced: 14 Median Price: $67,500 (last week: $80,000)Average Price: $71,663 (last week: $82,874)Highest: $180,000Lowest: $3,000 Homes less than $50,001: 28 (last week: 27)Between $50,001 & $100,000: 33 (last week: 34)More than $100,000: 15 (last week: 31) Call me TODAY at 975-9650 to see the newest HUD Homes this weekend!
Thanks for reading our Columbus HUD Homes BlogPosted by: Susanne Novak, ABR, FIS, GRI Columbus Realtors specializing inHUD Homes, Shortsales, Investment Real Estate (614) 975-9650 http://ColumbusOhioHUDHomes.com … (0 comments)
columbus hud homes: Record Number of Columbus Area HUD Homes Listings, many in Desirable Suburbs!
- 10/24/09 02:08 PM
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 … (0 comments)
columbus hud homes: Columbus OH - 4 Affordable Suburban HUD Homes with VIDEO TOUR!
- 10/19/09 10:31 AM
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 … (0 comments)
columbus hud homes: New Columbus Ohio HUD Listings in Plain City, Grove City and the Hilltop - 3 for under $100,000
- 10/16/09 02:31 PM
New HUD Listings in Plain City, Grove City and on the Hilltop Time is running out for those of of you that wanted to claim the $8,000 first time home buyer tax credit. Due to the time it takes to get a contract accepted and the financing for your loan approved, this will probably be the last weekend to submit an offer on Columbus HUD homes. There is a slim chance that you can still close before the end of November, if you get an offer accepted on Monday. But there are no guarantees! Although the number of HUD listings went down … (0 comments)
columbus hud homes: Columbus, Ohio: 4 Featured HUD Listings w/ 18 pics and Video! Columbus Day Special!
- 10/12/09 01:49 PM
For the Columbus Day weekend I selected four wonderful, suburban Columbus HUD Homes in exceptional subdivisions. We have an older ranch in the middle of Gahanna, a large 4 bedroom home in Blacklick with Gahanna schools and an equally huge home in Grove City. These 3 properties are listed at a significant discount relative to comparable sales in the area. Don't miss out! The fourth featured home is unique, too. It is located in Lewis Center close to the Polaris Fashion Mall. All featured Columbus houses come with 18 interior and exterior pictures and a video. Here are the 4 featured … (0 comments)
columbus hud homes: One More Day to Bid on Columbus Ohio HUD Homes!
- 10/12/09 01:39 PM
You Have One More Day to Bid on Columbus HUD Homes This rainy Friday starts a very important weekend. Not only is it a holiday weekend - Monday is Columbus Day, which means that banks and government agencies are closed. It is also the last weekend to go house hunting if you want to submit an offer on a HUD home and close before the November 30, 2009 deadline to claim your $8,000 tax credit. Due to the time it takes to get the necessary paperwork from HUD and the purchase loan approved by your lender (not to talk about the uncertainties of … (0 comments)
columbus hud homes: HUD Listing Statistics for the week of August 28, 2009 - only 12 NEW Listings and 12 RE-LISTS!
- 08/28/09 08:36 AM
HUD Homes Supply Dwindles to 43 Listings The number of HUD Listings is spiraling down to an all time low. Never since we started tracking HUD statistics did we see only 43 Columbus houses for sale in Central Ohio. The more expensive, suburban Columbus HUD homes are selling extremely well. Look at the statistics below and you will see a huge drop in the median asking price to $55,000, from $73,700 a week ago. What's more, only 7 HUD homes have a price tag above $100,000. Call me immediately, if you want to see one of the suburban HUD homes. There'll be lots … (0 comments)
columbus hud homes: How High Can I Go With my HUD Offer? #7 in the Series: The What, Where, When, How and Why of Buying a CENTRAL OHIO HUD HOME!
- 08/28/09 08:32 AM
How HIGH Can I Go with My HUD Offer? This question may seem strange, however, you probably noticed that many of the nicer Columbus HUD homes have been selling above list price. You may wonder, if there are any disadvantages by bidding higher than list price? Many people fear that they pay too much for a house. When you get caught up in a bidding war with other buyers, you may end up offering more than you had planned. However, many HUD homes are worth more than they are listed for (an experienced realtor can give you the correct value and … (0 comments)
columbus hud homes: How Many HUD Homes Can I Bid On? How Many Can I Purchase? #6 in the Series: The What, When, Where, How and Why of Buying a Central Ohio HUD Home
- 08/27/09 10:34 AM
How Many Columbus HUD Homes Can I Bid on? How Many Can I Purchase? The answers will be different for owner occupants, buyers who are going to LIVE in the property, versus Investors, who will RENT or re-SELL the property. Owner Occupants You are bidding on a Columbus HUD home with the intent to make this your primary residence. Obviously, you can only live in ONE house at any given time; therefore, you can only purchase one property. However, you ARE ALLOWED TO BID ON MULTIPLE HUD HOUSES SIMULTANEOUSLY, and you only need to provide your HUD registered Columbus realtor with … (3 comments)
columbus hud homes: How to Submit a Bid for a Columbus OH HUD Home - #5 in the Series: The What, Where, When, How and Why of Buying a HUD Home in Central Ohio
- 08/24/09 05:29 AM
How to Submit a Bid for a Columbus HUD Home Listing Only HUD registered bidding agents can place a bid on Columbus HUD Homes on your behalf. Make sure to work with an agent who has experience in dealing with the complex paperwork that's required by HUD. Incomplete contract packages will be rejected and can cause you to lose your winning position! Items needed BEFORE your agent can place a bid on your behalf: Lender pre-approval letter - must state the type of loan and amount you are pre-approved for Earnest Money Deposit in certified funds made out to the brokerage … (0 comments)
columbus hud homes: Did You Know that there are 3 Categories of Columbus HUD Homes? #2 in a Series: The What, Where, When, How and Why of Buying a CENTRAL OHIO HUD HOME
- 08/18/09 02:43 AM
Did You Know that there are 3 Categories of Columbus HUD Homes? Take a look at Columbus OH HUD Home property sheets and you will find that there are 3 categories of HUD Homes. They reflect the overall condition of a property and determine which type of FHA loan can be used. Let's begin with HUD Homes in good condition - Insurable Listings (IN). Homes designated as insurable qualify for "regular" FHA loans, also called FHA 203(b) loans. You can even use HUD's "as-is" appraisal when you apply for FHA financing. That will save you around $300 in appraisal fees. The next … (0 comments)
columbus hud homes: From Bid to Close - the What, Where, When, How and Why of Buying a HUD Home in Central OHIO - #1 in a Series: WHAT is a HUD Home?
- 08/16/09 09:27 AM
What is a HUD Home? A HUD home is a 1 to 4 unit residential property acquired by HUD. On a foreclosed home that was originally financed with a loan insured by the FHA, the lender can file a claim for the balance due on the mortgage. FHA pays the lender's claim, transfers ownership of the property to HUD, which then sells the home to recover the loss on the foreclosure claim. Who can buy a HUD Home?Almost anyone! If you have the CASH or can QUALIFY for a LOAN (subject to certain restrictions) you may buy a HUD Home. HUD … (1 comments)
Another Source of Foreclosed Homes for Sale - Central Ohio Freddie Mac Homes
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