Special offer

Neighborhood Stabilization Program Creating Opportunities

By
Real Estate Agent with Remax Professionals Laurel MD

I have a buyer who is looking for a home in Prince Georges County Maryland.  Ideally, he would love to be in either Laurel Maryland or Upper Marlboro Maryland.

This past weekend we went out and visited properties in both Laurel and Upper Marlboro.  My buyer liked a property he saw in the Kettering area of Upper Marlboro. It was a very nice two level town home. 

Because the property was in good shape, vacant and a foreclosure, it was an excellent candidate for the Neighborhood Stabilization Program (NSP).  The program is also known as Down Payment on your Dream.

This home is the type of home that will probably have multiple offers.  My buyer wants to make a good bid, but he does not have that much cash.

However, the NSP, Down Payment on Your Dream program can provide my buyer with up to 7 % of the purchase price towards his down payment and closing cost.   With the little bit of cash my buyer does have and the 7% from the NSP, he can now make a competitive bid on this Kettering property.

We wrote the offer on Sunday night.  We shall see what the seller says.  But, at the very least, with the help of the NSP, my buyer has made his best bid on the home.

For more information on the Down Payment on Your Dream program, please contact me at 301-604-0198. Or email me at berard@mris.com

To find your dream home, please visit Maryland real estate

Posted by
I have been selling Laurel Md real estate for over 20 years.  I enjoy working with both buyer sand sellers.  
I have knowledge of numberous first time home buyer programs. I look forward to helping you find your
Laurel Md home.
 

Brien Berard

Remax Professionals

www.mymarylandcastle.com

brienberard@mymarylandcastle.com

301-604-0198

   

Comments (2)

Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We have the same type of program here in Arizona. Keep writing the offers because one will stick.

Aug 26, 2009 01:05 AM
June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership

There are similar programs for Baltimore County, we have been having trouble getting more information about the program and if there are funds left. 

Aug 26, 2009 01:16 AM