Maryland Foreclosed Bank Owned Homes for Sale.
December 24th, 2008 by admin
FORECLOSED BANK OWNED HOMES IN MARYLAND ARE A GOOD BUY.
We often hear agents say that they don’t sell foreclosures (bank owned properties). We sell foreclosures and our home buyer clients are glad we do. On each home tour our experienced Buyers’ Agentsinclude foreclosures, REO, bank owned, short sales are included in our home tours.
Bank owned and short sale listings may not be the best selection for home owners who need quick occupancy. However, when a buyer realizes that they will probably be saving many $Thousands of Dollars through the purchase of a foreclosed property, even renting for a short while can often make the foreclosure or short sale property a good selection.
We have had buyers wait patiently as long as 7 months to close a short sale. We have had buyers wait patiently for up to 4 months to close on a bank owned property. Each one believed that it was worth the wait. The key is to prepare the buyer with the necessity of being prepared to wait with housing available while the transaction is making it’s way through the process. It also helps to show buyers the market information that lets them know that they will be rewarded for waiting.
MARYLAND FORECLOSURES OFFER GOOD VALUE FOR REAL ESTATEin MARYLAND FOR OUR HOME BUYERS.
The table below represents closed sales for October, November and December to date.
| Closed Price | Closed Price | Average | Number | |||
| Maryland Location | Bank Owned | No. Sold | All Sales | No. Sold | List Price | Listed |
| Anne Arundel County, MD | $272,637 | 34 | $408,185 | 821 | $557,524 | 3654 |
| Baltimore County, MD | $182,396 | 25 | $297,880 | 1092 | $371,304 | 4194 |
| Charles County, MD | $233,002 | 8 | $311,000 | 220 | $369,779 | 1167 |
| Frederick County, MD | $217,134 | 36 | $286,029 | 395 | $370,759 | 1765 |
| Howard County, MD | $304,007 | 14 | $423,742 | 442 | $536,076 | 1526 |
| Montgomery County, MD | $293,157 | 116 | $470,644 | 1695 | $578,658 | 4553 |
| Prince George’s County, MD | $259,079 | 89 | $279,881 | 984 | $334,237 | 5000 |
Buyers Agents work hard to make sure our buyer get the very best home for their money in the location of their choice. That’s our job.
Experienced Buyers Agents help home buyers with financing alternatives, home inspections, contract management, and a lot more.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
* * CLICK HERE * *
To Search Listings of Homes for Sale in Maryland and Virginia
This entry was posted on Wednesday, December 24th, 2008 at 3:06 pm and is filed under MD & VA Foreclosures. 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.
