SHORT SALES IN BOWIE, PRINCE GEORGE'S COUNTY, MARYLAND

WHAT IS A "SHORT SALE"?  A "Short Sale" occurs when a bank or mortgage company agrees to accept a payoff of a mortgage for less than the home owner owes.  This may mean real opportunity for home buyers.  The bank has agreed to accept less than the owner owes.  Home buyers who are in the market for a home in Bowie, MD, should include short sales in the homes under consideration for purchase.  There may be a real opportunity to acquire a home in your area of choice for less than market value. 

YOU MUST BE PREPARED.  When including homes advertised or listed as "short sale", you must be pre-approved or at least pre-qualified with an appropriate lender's letter stating that you have the income to qualify, the money to close and the credit necessary to finance the new purchase.  Banks are not interesting in negotiating with buyers who are not prepared to close.  But, get your ducks in a row, be prepared and you may have a wonderful opportunity to get a good home at a very good price.  Homefinders agents are familiar with the Short Sale prices and we can help buyers and sellers. 

CITY List PriceAgeStyleBRBathsGar. #Lot Size
Bowie$795,000 4Colonial4420.691
Bowie$535,000 3Colonial4320.287
Bowie$499,900 45Colonial4320.254
Bowie$429,000 20Colonial4320.248
Bowie$359,900 18Colonial4320.301
Bowie$415,000 7Colonial6420.238
Bowie$550,000 13Colonial5420.17

                                                        BOWIE MARYLAND MAP

                     Map Bowie MD

BOWIE MD REAL ESTATE is very popular for home owners who work in the District of Columbia due to the fishing in marylandlocation of METRO and MARC Train stations in Bowie and close-by New Carrollton.  BOWIE is the most popular location for home buyers in Prince George's County.  Some of the newer communities constructed in Bowie offer amenities with swimming, tennis, hiking trails, ball fields and lakes. 

 

Allen Pond in Bowie    Luxury Homes in Bowie

HOMES FOR SALE IN BOWIE that are advertised as Short Sale include homes in a luxury community with 1 acre lots and homes in the 3000-4000 square ft. range priced at $795,000.

Other homes include homes in the popular homes built golf in bowieby Levitt in Bowie with wonderful amenities for families including the very popular Bowie Ice Arena, Lakes stocked with fish and numerous ball fields, swimming pools, library, golf courses and more. 

Bowie also offers wonderful shopping in New Town Bowie with upscale shops including Macy's, Barnes & Noble, Bed Bath & Beyond, Sears, Old Navy and more.  Conveniently located on Route 301 at Route 50. 

Bowie has homes for sale in prices from the mid $300,000s to the luxury homes in Woodmore in the $Millions. 

 Search All Homes Listed For Sale in Prince George's County, MD.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.

 

 

5 Comments on BOWIE MD SHORT SALE LISTINGS - HOMES FOR SALE IN BOWIE, PRINCE GEORGE'S COUNTY, MD SHORT SALE LISTINGS

JAN
07
2008
597,441 Points 244 Featured Posts Localism Sponsor Outside Blog
Lenn, How do the short sale prices in your area compare to a normal resale or new construction. Is there an average % difference?
4:55pm • #1
823,035 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

Bryant.  There doesn't appear to be any reason for how the homes listed for "short sale" are priced.  Most are priced right along other resales, high.   

TOTOH, most offers on short sales are too low. 

Both the resales and the short sales are priced higher than most new. 

 

5:01pm • #2
JAN
08
2008
165,557 Points
Lenn, I price my short sale listings below market value and have been successful negotiating with the lenders.  I have 3 packages into loss mitigators at present.  It is a VERY slow process.
5:44am • #3
823,035 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

Dan.  Thanks.  The homes SHOULD be priced at just below market.  What I have to do is encourage the agents to refuse to take short sales that are overpriced. 

The tough job for the agents is to get the seller to understand why the house has to be priced below market.  Some agents can do that and some can't.

7:10am • #4
JUN
28
2008

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