In a recent survey our readers felt that Fannie Mae homes for sale are superior to other REOs, such as HUD homes and bank-owned houses. I certainly agree with this assessment. There are many beautiful Fannie Mae homes on the market that are well maintained and ready to move in for owner occupant buyers.
But there are a few exceptions. The house below is one of them …
This townhouse looks great from the outside. You would expect that it’s a nice, new home – ready to move in.
Before you call me for a showing, you should look at the images we took from the inside. Just click on the picture to get to the property website and see all 16 images.
This Fannie Mae house is a disaster! It needs a lot of work.
This house has been on the market for a while and it was in excellent shape. Unfortunately, the pipes broke this winter and the house suffered considerable water damage. For some reason Fannie Mae did not adjust the price nor repair the damage. No buyer would touch it.
We just got it as a listing. Fannie Mae insisted that we list it for the original price. I know, it is far too high. If the house does not move, Fannie Mae will probably lower the price significantly in a few weeks.
So, why do I feature this property, if it’s not a good deal?
Here’s my reason. Although this house is currently way too expensive considering the poor condition it is in, there’s a really good chance that Fannie Mae will drop the price in the near future.
I want you to be ready when it happens!
I suggest you take a look at the house now and let me know, if you are interested for the right price. When the price drops I will give you a call, so you can be the first one to submit an offer!
This Fannie Mae listing is located in Lewis Center just North of Worthingon. It can be easily reached from I-270 and Route 23. It is a great location in a 10 year old development. Columbus OH homes for sale in that subdivision are listed in the $160K range.
Here are the details of this listing:
8666 Lazelle Village Dr, Lewis Center, OH
Asking Price: $149,900
Comparable Sales: $160,000
Year Built: 2002
Sq Footage: 1,980
Category: Fannie Mae
Click on the picture or the address to get to the property website!
Thanks for reading the susannenovak.com Blog!
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Real Estate Agent helping First Time Buyers.