Bethesda MD Homes For Sale

Bethesda MD Homes For Sale 

Please share this information with your friends that wish to purchase or sell a home in the area.

Do you qualify for a tax credit?  The Home Buyer Tax Credit now includes current home owners as well as first time buyers. The deadline for contracts is 4/30/10. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php

Homes for Sale, Pre-foreclosures, REO:   The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 240 active listings excluding the lender owned foreclosures (REO) and the short sale listings.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-101866963-636

The second report shows the 8 short sale listings that are available. Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures. Home buyers need to be very selective when submitting offers on short sales. If the price appears too good to be true, the listing may be unrealistic.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-101866993-998 

The third report shows 4 lender owned foreclosures (REO) for sale.  The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-101867012-246

Mortgage Financing: Pre-approval for financing is the first step in the home purchase process. Buyers need to have a lender letter in hand when they submit an offer on a property. Buyers should be prepared to fully document their income and obligations. Ask us for a referral if you do not have an existing relationship with a mortgage lender.

FHA loan limits for Montgomery County:  $729,750.  FHA financing has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount. The limit for FHA reverse mortgages: $625,000.  Age 62+ seniors use reverse mortgages when they need to eliminate mortgage payments.

Please contact us with your questions on the current market. You referrals of friends and family members will always be appreciated!