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?
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 susannenovak.com Blog!
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Real Estate Agent helping First Time Buyers.