Gaithersburg & Montgomery Village, MD Homes For Sale For $250,000 Or Less - 118 Properties

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Gaithersburg & Montgomery Village, MD  Homes For Sale For $250,000 Or Less - 118 Properties

Active Listings, Short Sales, REO Listings Of Lender Owned Foreclosures
 
There are 118 homes for sale in Gaithersburg and Montgomery Village, MD.  60 (51%) are short sale pre-foreclosure listings and 12 (10%) are lender owned foreclosures (REO).  61% of the available homes are either foreclosures or pre-foreclosures.
 
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.
 
This is what is available today:
 
If you exclude the short sales and lender owned foreclosures, there are 46 active listings of homes for sale.
 
 
For those that are working in the short sale market, there are 60 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.
 
 
The most productive sector is the inventory of lender owned foreclosures. There are 12 REO homes for sale. Cash investors that have no contract conditions have a definite advantage with the asset managers.
 
 
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 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
 
 
Life is good in Montgomery County.  Art in the front of the Kentlands club house. Donated by the Kentlands Garden Club in 2009.  Photograph by Roy Kelley.
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
Tags:
homes for sale
foreclosures
preforeclosures
short sales
bank owned homes
lender owned foreclosures

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Rainmaker
565,860
Linda D. Pufford
Stage with Divine Style - Home Staging - Novato, CA
ASPM, Marin/Sonoma Home Stager

Hi Roy,

Great Market Report!  There are sure a lot of nice Condo's and Townhomes for sale in your area...  I especially like the one at 786 Quince Orchard Blvd...  and a great price at only 125K. 

I really love the gift from the Kentlands Garden Club... the little boy and girl on the bench reading a book.  That is so sweet!!!

Jul 29, 2011 09:59 AM #1
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks, Linda, for stopping by.  Maryland home buyers are finding that this summer is the best time in several years to take advantage of the bargains and the very low interest rates.

Life is good in Maryland!

 

Jul 29, 2011 10:31 AM #2
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are enjoying a most productive week. Have a great Friday and an outstanding weekend.

May 05, 2016 11:46 PM #3
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We are having some more showers in Maryland today.

I hope you are enjoying a most productive week.

May 18, 2016 02:27 AM #4
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a sunny Tuesday morning in Kentlands and life is good.

Have a great day and an outstanding week.

Jun 28, 2016 12:17 AM #5
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have hot Saturday in Kentlands. Keep cool and have an outstanding weekend.

Jul 09, 2016 12:13 AM #6
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a sunny Sunday morning in Maryland and life is good.

Have a great day and an outstanding week.

Jul 31, 2016 01:31 AM #7
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I have experienced some issues with reblog notifications. Seemingly, if I comment on an old reblog, the blogger is notified that I have just reblogged their post. I have reported this problem.

Jul 08, 2017 04:23 PM #8
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We are experiencing some very hot weather in Maryland this week. Special attention is needed for children, seniors and pets

Jul 12, 2017 06:36 AM #9
Rainmaker
5,419,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is sometimes good to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Apr 02, 2018 08:15 AM #10
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Rainmaker
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Roy Kelley

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