FORECLOSED BANK OWNED HOMES IN MARYLAND ARE A GOOD BUY. 

We often hear agents say that they don't sell foreclosures (bank owned properties).  We sell foreclosures and our home buyer clients are glad we do.  On each home tour our experienced Buyers' Agentsinclude foreclosures, REO, bank owned, short sales are included in our home tours.  Foreclosure For Sale

Bank owned and short sale listings may not be the best selection for home owners who need quick occupancy.  However, when a buyer realizes that they will probably be saving many $Thousands of Dollars through the purchase of a foreclosed property, even renting for a short while can often make the foreclosure or short sale property a good selection. 

We have had buyers wait patiently as long as 7 months to close a short sale.  We have had buyers wait patiently for up to 4 months to close on a bank owned property.  Each one believed that it was worth the wait.  The key is to prepare the buyer with the necessity of being prepared to wait with housing available while the transaction is making it's way through the process.  It also helps to show buyers the market information that lets them know that they will be rewarded for waiting. 

MARYLAND FORECLOSURES OFFER GOOD VALUE FOR REAL ESTATE in MARYLAND FOR OUR HOME BUYERS.  

The table below represents closed sales for October, November and December to date. 

  Closed Price    Closed Price   Average Number
Maryland Location Bank Owned No. Sold All Sales No. Sold List Price Listed
             
Anne Arundel County, MD $272,637 34 $408,185 821 $557,524 3654
Baltimore County, MD $182,396 25 $297,880 1092 $371,304 4194
Charles County, MD $233,002 8 $311,000 220 $369,779 1167
Frederick County, MD $217,134 36 $286,029 395 $370,759 1765
Howard County, MD $304,007 14 $423,742 442 536,076 1526
Montgomery County, MD $293,157 116 $470,644 1695 $578,658 4553
Prince George's County, MD $259,079 89 $279,881 984 $334,237 5000
             
             

 

              Map MarylandHome for Sale

Buyers Agents work hard to make sure our buyer get the very best home for their money in the location of their choice.  That's our job.

Experienced Buyers Agents help home buyers with financing alternatives, home inspections, contract management, and a lot more. 

 

 

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

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Post is included in group: The Ninety-ninth Percentile
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2 Comments on MARYLAND FORECLOSURE SALES vs. ALL SALES, WHY WE SELL BANK OWNED HOMES IN MARYLAND.

DEC
24
376,649 Points 63 Featured Posts Localism Sponsor Outside Blog

Merry Christmas Lenn! I love your reports and this is no exception. I do have a question. I has seen your photo before but which one is you. Next to last in the back row or are you not in this photo? I can't tell, :-)

5:07pm • #1
DEC
25
837,337 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

William.  I TAKE the photos.

 

4:32am • #2

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