Fixer Upper Homes in Maryland and Northern Virginia Real Estate
September 20th, 2008 by admin
MARYLAND AND NORTHERN VIRGINIA HOME BUYERS CAN TURN FIXER UPPER REAL ESTATE INTO BEAUTIFUL HOMES
FIXER UPPER HOMES FOR REHABILITATION IN MARYLAND AND NORTHERN VIRGINIA
Real estate in Maryland and Virginia offers many opportunities to buy homes in need of repair or upgrading. The key is to find homes that need repair and can be purchased in the area preferred and in the price range that is comfortable and that includes the cost of rehabilitation, repair, upgrade.
ALL THE HOME BUYER NEEDS IS A VISION
Upgrades may include new windows, landscaping, steps, siding, roof, deck, garage, and more.
Fixer Upper Homes * Foreclosure * Rehab Homes * Upgrade Kitchens * Repair Homes for Sale
Sweat Equity * FHA 203 (k) Loans* Conventional Rehab Loans
Maryland and Virginia home buyers are smart. They know that there are many properties on the market that, with some repair and modernization, would make wonderful family homes. Further, they understand that, after making upgrades and repairs to a house, the owner can realize a significant increase in property value.
IT’S OPPORTUNITY TIME FOR HOME BUYERS
The growth in the number of foreclosures in the area makes the fixer upper property a viable source for your first home purchase. The missing link in buying a foreclosure or vacant home in need of repair is the financing. HOWEVER, smart real estate agents know that financing is available.
STEP BY STEP process to buy a fixer upper and make it into a beautiful residential property.
Parties in the transaction include
The Home Buyers
The Buyer’s Agent
The Home Inspector
The Mortgage Lender
The Contractor
The Consultant (FHA Loans)
The Appraiser
The Title Company
THE HOME BUYER NEEDS THE VISION. The home buyer is the most important party in the process of buying a fixer upper. We, their Buyer’s Agents will show them a number of properties in their qualifying price range. However, the home buyer must have the vision to know that when the upgrades to what is now an old kitchen with old appliances and cabinets, after upgrading, the kitchen will be not only functional, but beautiful and with “state of the art” appliances.
Upgrades may include new cabinets, new flooring, new appliances, paint, and more.
THE BUYER’S AGENT HAS THE EXPERIENCE. Where the home buyer has the vision, the Buyer’s Agent has the understanding of the rehabilitation loan process to help the home buyer realize their goal. Working together to locate the property that suits the price and location needs, the Buyers Agent will manage the contract process from search to settlement. It is the Buyer’s Agent that coordinates the home selection, feasibility analysis, cost estimates, contract management through to the settlement with the seller who may be a foreclosing bank, investor or home owner with no funds to make repairs or upgrades to put the home in good marketable condition.
Areas in Maryland where many foreclosure and vacant properties suitable for rehabilitation loans may be located include:
MARYLAND foreclosure and vacant home locations include: Annapolis, Beltsville, Bowie, Clinton, Columbia, Ft. Washington, Frederick, Gaithersburg, Hyattsville, Lanham, Laurel, New Carrollton, Pasadena, Silver Spring, Upper Marlboro, Waldorf and more.
VIRGINIA foreclosure and vacant home locations include: Alexandria, Annandale, Ashburn, Bristow, Burke, Centreville, Denton,Dumfries, Falls Church, Fredericksburg, Gainesville, Greensboro, Herndon, Leesburg, Lorton, Manassas, Ridgly, Springfield, Sterling, Woodbridge and more.
Maryland and Northern Virginia areas served by Homefinders.com Network.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
SEARCH LISTING OF HOMES FOR SALE IN MARYLAND AND VIRGINIA HOMESDATABASE.COM - All active listings from the MLS in Maryland and Northern Virginia. Experienced Brokers and Agents ready to help.
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This entry was posted on Saturday, September 20th, 2008 at 9:09 am and is filed under Fixer Uppers in MD and VA. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
