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Damascus Maryland Homes For Sale: Is this a Good Time to Buy?

By Fernando Herboso - Associate Broker MD, & VA

Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

January 05, 2014 12:33 AM

Damascus Maryland Homes For Sale : Is this a Good Time to Buy?

Located just in the northern part of Montgomery County Maryland adjacent to Germantown and Clarksburg, the city of Damascus was designed as a traditional American town with lots of open spaces and neighborhoods friendliness where people of all ages can feel at home.. .

Is this a Good Time to Buy a house in Damascus Maryland ?

If you know the median price of a home in the Montgomery County Maryland area. .you will soon find out that Damascus is simple the most affordable city in Montgomery County to own a single family home. .
But the question remains for many future homeowners. .

But.... is this a Good Time to Buy a house in Damascus Maryland ?

My advice is to invest in your future. Buying a home gives you a chance to start building equity, as you are going along investing in your future. A mortgage payment is a forced savings for you. Even if you end up selling your home in five or 10 years later, you could profit from the sale and invest that money elsewhere

Is this a Good Time to Buy a house considering the current interest rates?

The average rate for a 30-year fixed rate loan is nearing around the 5 percent mark at the end of 2013. .
While this is an increase from the historic low of 3.35 percent at the end of 2012, That difference are outweighed by the benefits because . .it's still an attractive rate for prospective home buyers.

Fact: Damascus Maryland homes for sale are very far in between, and the ones priced correctly seem to remain active for just a few days. .

See video for an amazing opportunity for Damascus MD

Check All Damascus Maryland Homes For Sale Available Now HERE

Sample Listings in Damascus Maryland

$699,900

11301 MOXLEY ROAD, Damascus

Historic Moxley Farm c.1900 was been completely restored and renovated in 1990. Gorgeous setting includes approx. 8 acres of pasture, meandering stream, large rebuilt 3 l...

Beds 3
Baths 2.0
MLS MC8246564

$299,000

25432 PAINE STREET, Damascus

Feeling of luxury and newness in this garage townhome! Open and airy with hardwood floors and kitchen open to dining/living area. Lower level family room w/fireplace in a...

Beds 3
Baths 3.0
MLS MC8058229

$285,000

27525 RIDGE ROAD, Damascus

Ideal country living with updated modern conveniences. Newly renovated & refurbished cottage with 3 bedrooms & 2 full baths. PLUS adjacent additional finished room with ...

Beds 3
Baths 2.0
MLS MC8244776

$239,900

10165 SHELLDRAKE CIRCLE, Damascus

Beautiful home with new neutral paint throughout, new carpet and vinyl flooring, sleek new black appliances, new lighting, a large living room, kitchen with a breakfast r...