Homes For Sale For $200,000 Or Less In Gaithersburg, MD

Reblogger Jane Taylor
Real Estate Agent with RE/MAX Realty Group

This list is courtesy of Roy Kelley of RE/MAX Realty Group --with homes for sale in Gaithersburg for $200,000 or less.  The clock is ticking on the first time home buyer credit!

Original content by Roy Kelley 16766

Homes For Sale For $200,000 Or Less In Gaithersburg, MD

Active Listings, Short Sales, REO Listings Of Lender Owned Foreclosures - Montgomery County  

Investor Alert  

What is available in homes for sale for $200,000 or less in Gaithersburg,  Montgomery County, Maryland?  

This is a question that is being asked by real estate investors as they seek to build their rental portfolios. Homes in Gaithersburg make good rental properties because of the convenience to employment centers, shopping and public transportation. And, the schools have an outstanding reputation. Many are pleased to find that there is a very good selection of Gaithersburg, Maryland homes for sale below the $200,000 price level.  

This is what is available today:  

If you exclude the short sales and lender owned foreclosures, there are 16 active homes for sale in Gaithersburg. Investors try to identify the highly motivated sellers. 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.  

Click the following URL to see the report:  

For those that are working in the short sale market, there are 29 available listings of short sale homes for sale in Gaithersburg.  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.  

Click the following URL to see the report:  

The most productive sector is the inventory of lender owned foreclosures. There are 17 REO listings of homes for sale in the Gaithersburg. Cash investors that have no contract conditions have a definite advantage with the asset managers.  

Click the following URL to see the report:  

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. Many mortgage lenders are restricting the number of outstanding loans that may be held by real estate investors, regardless of financial strength.  

Please contact us with your specific requirements and we will provide information on real estate for sale in Montgomery County in your price range or preferred locations. All of the active listings of homes for sale in Gaithersburg and other areas in Maryland may be viewed on Homes Prospector at  

You may also wish to see our recent report on homes for sale in Montgomery County for $150,000 or less. This report covers the whole county.

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties. Full REO service for asset managers.

Your Real Estate Professional In Maryland,

Roy Kelley

Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
6 Montgomery Village Ave., Suite 200
Gaithersburg, MD 20879 
Client Assistance:  301-670-8996

Direct: 301-921-4569 
Fax: 301-921-4586  Main Office:  301-258-7757 x 569
Email:  Home Search Website: 

Follow me on Twitter:  

Recipient of the RE/MAX International Lifetime Achievement Award - 2008


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