Most Suburban HUD Homes Sell Above List Price
Once again, most of the "nice" suburban homes went into contract for asking price. Columbus HUD homes that need little or no work will sell for above list price. Perfect examples are the listings on 5485 Willoughby St in the Dublin area and 3825 Mount Hood Ct in the Westerville area.
Let's take a closer look at th e bidding results of our featured Columbus houses:
5720 Dorsey Dr, Columbus OH 43235
Offer accepted on 12/14/09 for $150,000 with a net to HUD of $143,500.
exactly at list price
5485 Willoughby St, Columbus OH 43235
Offer accepted on 12/14/09 for $138,000 with a net to HUD of $134,005.
6% above list price
3825 Mount Hood Ct, Columbus OH 43230
Offer accepted on 12/14/09 for $97,500 with a net to HUD of $91,650.
19% above list price
5400 Bullfinch Ct, Westerville OH 43081
Offer accepted on 12/14/09 for $146,000 with a net to HUD of $141,620.
6% below list price
Also in contract, but for a nice discount:
3232 Legion Ln, Columbus OH 43232
Offer accepted on 12/14/09 for $68,900 with a net to HUD of $64,225.
23.5% below list price
5828 Westbank Dr, Galloway OH 43119
Offer accepted on 12/14/09 for $94,250 with a net to HUD of $89,075.
27.5% below original list price
Still available since it needs a lot of work, has structural and mold problems:
4319 Valley Quail Blvd S, Westerville OH 43081
Today our subscribers received the bargain hunter list with 7 boomerang homes. Both Buckeye Lake homes (11917 Broad St, Millersport and 143 Elliott Dr, Buckeye Lake) are now available to all bidders. And so is the house on 1209 E. Long Street in Columbus, which is listed for only $18,000. I believe HUD is ready to accept lower offers on these deals.
On the high end there are listings at Woodwind Drive in Lewis Center (list price $170,00) and at 256 Pinecrest in Delaware (listed for $192,000). Both seem a little bit pricey. Buyers are probably waiting for a price reduction, which will happen, if nobody buys them within 30 days. Of course, you could also submit a lower offer now.
Call me and I'll give you my best bet!
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
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