Central Ohio Foreclosed Homes - Freddie Mac REOs can be excellent deals!

By
Real Estate Broker/Owner with RE/MAX 24/7

Another Source of Foreclosed Homes for Sale - Central Ohio Freddie Mac Homes

 4832 Tayport Dr, Grove City, OH Freddie Mac Home for Sale

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 more than 200 short sale transaction, but right now I stay away from them.

So, what are your alternatives to short sales?

 Bank owned homes (REOs) are abundant in this market. But not all REOs are equal. In an earlier post I talked about Fannie Mae homes . I also dealt with many HUD homes over the past few years.

Today I want to show you another source of REOs you may want to consider.

Note: I can represent you as a buyer's agent on any of these homes. Do not just call the listing agent! Having me as your trusted buyer's representative I will make your life much easier and the purchase go smoothly.

A good source for bank-owned homes for sale is Freddie Mac. Just like Fannie Mae they have been buying tons of mortgages from regular banks in the secondary market. Due to the rise in defaults and foreclosures they ended up with many of these properties.

Freddie Mac lists their homes for sale on a website called HomeSteps.com. They do not offer any special financing for owner occupants. However, under their SmartBuy purchase program you can get a 2 year home warranty as well as an appliance discount of 30%.

What will you find, if you search for Freddie Mac homes?

Currently, they have 755 listings in Ohio (that's less than HUD homes) starting as low as $2,500 for a 3 bedroom home in Middletown, OH. Their most expensive home is listed for $400,000 in Avon Lake, OH.

Here are 3 Central Ohio Freddie Mac Homes you may want to check out:

4832 TAYPORT AVE, GROVE CITY, OH
4BR 2.5BA  Asking: $262,900

729 COVERED BRIDGE DR, DELAWARE, OH
4BR 3.0BA  Asking: $224,900

5289 RIFLE DR, CANAL WINCHESTER, OH
3BR 2.0BA  Asking: $132,500

You can find these homes on the HomeSteps website, however, there's no description and there are hardly any photos. If you click on the street addresses above you will get the map locations of these Columbus OH homes for sale.

To see the inside of any of these homes, give me a call at (614) 975-9650 and I will schedule a showing.


Thanks for reading the OhioPrettyHomes.com Blog!
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Real Estate Agent helping First Time Buyers.
(614) 975-9650   www.OhioPrettyHomes.com

 

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