Special offer

Buy a Bank Foreclosure in Annapolis Maryland in 30 Days or Less

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Are you looking for Annapolis Maryland foreclosed homesbank owned homes or HUD owned homes for sale? If so, then you're in the right place!  You can often purchase Annapolis Maryland foreclosures below market value.  While some foreclosures are not necessarily a steal, many Annapolis bank owned homes are great deals.  There are foreclosure listings in Annapolis that include government homes from federal agencies such as HUD and VA, as well as, bank foreclosures from a variety of local banks and national banks selling REO properties and bank repo homes in Annapolis Maryland.

Be prepared, not all foreclosed homes and REO properties are in prefect condition.  Many will require work to restore them back to their former glory.  There are many HUD owned homes that are part of the HomePath program are ready to move in, with fresh painted and and new carpet, and some with all new appliances.

Start searching today among the Annapolis Maryland foreclosed homes for your perfect place to live.

There are 29 Annapolis foreclosures for sale today. The average asking price is $277,455 and they have been on the market an average of 93 days. The minimum asking price for Annapolis bank owned homes is $54,900, with a maximum asking price of $1,399,999, and the median asking price is $224,900.

There are 10 Annapolis REOs under contract today. The average asking price is $184,147 and they were on the market an average of 55 days. The minimum asking price for Annapolis REOs is $108,000, with a maximum asking price of $284,900, and the median asking price is $149,900.

In the last 90 days there were 31 foreclosures in Annapolis Maryland that were sold. The average list price was $263,995 and they were on the market for an average of 91 days. The minimum list price for sold listings was $53,000, with a maximum list price of $729,900, and a median listing price of $234,900.

The average sold price for Annapolis Maryland foreclosures was $257,677 for a 87.95% sold-to-list ratio off their original list price. The minimum sold price was $49,999, with a maximum sold price of $720,000, and the median sold price was $215,000.

With about 10 Annapolis foreclosed properties selling each month, there is a 3 month inventory for bank owned homes for sale. This really is a remarkable time for highly qualified buyers to consider purchasing their first home or an additional property because:

  • Annapolis Maryland foreclosures are very affordable right now
  • Interest rates are low even on jumbo mortgages
  • Excellent financing options are available for qualifying buyers
  • Timing is everything when it comes to finding just the right Annapolis Maryland bank owned home 
  • Owning a home is everyone’s dream

Don't waste any more time, find your Annapolis bank owned home today.

NOTE: All data as of September 2, 2011

Posted by

Stephen Howell, Sales Associate, Coldwell Banker Residential Brokerage, Annapolis, MarylandIf you are interested in buying a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell in Annapolis, Maryland and want a professional consultation on current market conditions, please contact Stephen Howell at 443-994-8043 or e-mail him at showell@liveinannapolis.com or visit his website at LiveInAnnapolis.com.

Stephen Howell came to Annapolis to enjoy the Chesapeake bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis, Maryland. You'll find that with the right professional by your side, you can Live the lifestyle and live, work and play in Annapolis Maryland.

Stephen Howell and Jackson (his hound-mix from the HSSC) maintains residences on the Chesapeake Bay in Annapolis, Maryland and Gulf Coast in Sarasota, Florida. He works in the Annapolis, Maryland real estate market. His website lets people search the Annapolis Maryland area MLS. Buyers can also search for waterfront homes along the Cheasapeake Bay. His website has current real estate data on Annapolis, Maryland.

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Comments (1)

Jen Giraud
American Home Shield - Dallas, TX

Great post Stephen, thanks for sharing! Sounds like you have a lot of great deals in your area right now. I sure hope potential buyers take advantage!

Sep 02, 2011 03:58 AM