Germantown, MD Homes For Sale For $250,000 Or Less

By
Real Estate Agent with Realty Group Referrals 16766

Germantown, MD Homes For Sale For $250,000 Or Less  

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

Investor Alert - Please contact us if you need a report like this for another zip code.  

What is available in homes for sale for $250,000 or less?   This is a question that is being asked by real estate investors as they seek to build their rental portfolios. Homes in the area 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 homes for sale below the $250,000 price level.  

 Blooming for Maryland home buyers.

This is what is available today:  

If you exclude the short sales and lender owned foreclosures, there are 60 active listings of homes for sale. 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 listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-118475198-506  

For those that are working in the short sale market, there are 80 available listings of short sale homes for sale.  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 listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-118475374-18
 

The most productive sector is the inventory of lender owned foreclosures. There are 43 REO homes for sale. 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-118475455-881  

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 homes for sale in Montgomery County in your price range or preferred locations.  

All of the active listings of homes for sale in Maryland may be viewed on Homes Prospector at www.roykelley.com

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Maryland Montgomery County Germantown
Groups:
Posts to Localism
Tags:
000 or less
homes for sale for 250

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
544,185
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Excellent informative post Roy, Nice job, how are things in the MD market? Things here have slowed considerably

Jul 28, 2010 05:08 AM #1
Rainmaker
5,343,059
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Gerry, Our inventory is very low if you put aside the large number of short sale listings. Well priced properties are attracting multiple contracts so buyers are finding a very competitive environment.

Sounds like it is a good time to be a buyer in your area!

 Blooming for home buyers this summer.

Jul 28, 2010 06:11 AM #2
Rainmaker
5,343,059
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

From time to time, I try to revisit some old blogs and reblogs. There might be some good ideas for current posts.

Mar 21, 2018 11:01 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
5,343,059

Roy Kelley

Ask me a question
*
*
*
*
Spam prevention