Investment Opportunities in Gaithersburg

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Real Estate Agent with Realty Group Referrals 16766

What's Available In Gaithersburg MD For $200,000 Or Less?  

Investor Alert  

Investors like Gaithersburg because the area provides a constant supply of moderately homes that are suitable for rental properties. Readily available public transportation and shopping make this an ideal area for many renters. Some investors like to purchase in the price range below $200,000 because the numbers work better for rentals in the lower price ranges. Much of the time, they are competing with first time home buyers.  

This is what is available today: There are 63 active listings priced at $200,000 and below.  

If you exclude the short sales and lender owned foreclosures, there are 16 available properties. This represents a shortage of regular listings in this price range. Investors try to identify the highly motivated sellers. There are always some sellers that must sell due to divorce, job transfer and other situations. Another condition that favors investors is the current difficulty that home buyers are finding with FHA financing on condos. The lack of FHA condo financing is depressing prices and cash investors are taking advantage of the opportunities. Investors are also attracted to properties that have deferred maintenance or renovation needs that scare away first time home buyers.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103194130-968  

For those that are playing the short sale market, there are 32 active listings. Short sale transactions must be approved by the secured mortgage lenders and most do not reach settlement because of the lack of approvals. Some investors are submitting contracts on multiple properties hoping that a couple will be approved. Contracts should be carefully worded to disclose this strategy to the sellers. First time buyers are avoiding short sales because it is unlikely that contracts will be ratified by the April 30 tax credit deadline.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103194144-330  

The hot sector is the inventory of lender owned foreclosures. There are 15 active REO listings. Cash investors that have no contract conditions have a definite advantage with the asset managers.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103194182-293  

Cash investors should have a letter in hand from their bank stating that funds are available for the cash purchase of real estate. Investors that plan to use mortgage financing need to have a pre-approval letter for investor financing from their mortgage lender. Those without written documentation are not taken seriously.  

Please contact us with your specific requirements.

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Topic:
Real Estate General Information
Location:
Maryland Montgomery County Gaithersburg
Groups:
Posts to Localism
Tags:
homes for sale
maryland
md
reo
short sales
investor alert
remax realty group
gaithersburg
roy kelley
lender owned foreclosures

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a lovely day in Maryland. Dolores is heading to the golf course at Montgomery Country Club.

Aug 25, 2016 12:09 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope your holiday weekend was outstanding. We had beautiful weather in Maryland for outdoor activities.

Have a most productive week!

Sep 05, 2016 10:31 PM #2
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Dolores and I were out of town yesterday so today is a catch up day.

Have a great Friday and an outstanding weekend.

Nov 10, 2016 10:37 PM #3
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have chilly Sunday morning in Maryland. Have a great day and an outstanding week.

Nov 12, 2016 09:18 PM #4
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