Silver Spring, MD Homes For Sale For $250,000 Or Less

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Real Estate Agent with Realty Group Referrals 16766

Silver Spring, 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.  

 Blooming for Maryland real estate investors.

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.  

This is what is available today:  

If you exclude the short sales and lender owned foreclosures, there are 209 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-118479030-402  

For those that are working in the short sale market, there are 98 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-118479055-573  

The most productive sector is the inventory of lender owned foreclosures. There are 40 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-118479198-791  

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.

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Maryland Montgomery County Silver Spring
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000 or less
homes for sale for 250

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Rainmaker
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Judy Greenberg
Coldwell Banker Long Grove - Buffalo Grove, IL
Coldwell Banker - Buffalo Grove - Long Grove Homes

Roy,

This post has so much information for the $250,000 buyer in Silver Spring...  I really like the format- clear and concise!

Jul 29, 2010 11:02 PM #1
Rainmaker
5,343,160
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 10:59 AM #4
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Rainmaker
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Roy Kelley

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