Luxury Homes Available at Great Price in Potomac, Rockville, Maryland
Searching for a luxury home in Potomac or Rockville, Maryland, at a great price?
You can find a luxury home at bargain prices if you know how to buy it right. Houses like those pictured here are available in Gaithersburg, Bethesda, Chevy Chase, Ellicott City, and elsewhere in Montgomery and Howard counties, Maryland.
Even owners of luxury homes fall on hard times, and their houses go to foreclosure or they have to be sol
d as short sales. Banks, holding the mortgages on these homes, are losing more money each month on these luxury homes than on more modest houses. Therefore, banks are much more willing to drop the prices to get them sold as quickly as possible.
This is where buyers who have the means to purchase luxury homes can find a good deal.
We have a list of potential properties that may be the luxury home you are looking for. If you want to see a list of these homes, contact me here. Just say that you want to find a luxury home in Potomac, Rockville, Bethesda, Chevy Chase, Silver Spring or Gaithersburg, and I'll search for you. Please let me know, too, the number of beds and baths that you want. Please make sure that you let me know how I can reach you.
There are more short sales on the market these 
days than foreclosures. With short sales (when the bank will accept less money than what is owed on the mortgage), there may be a wait of three or four months before your offer is accepted by the bank. But that is not true in all cases. Sometimes banks have a good idea of what they want to accept. It just takes an offer to trigger their response. And, more interestingly, banks are showing more flexibility in price with short sales than foreclosures.
With foreclosures, the property has already gone to auction and there were no buyers, and thus ownership reverts to the bank. So when the bank puts the property back on the market, it has already done an appraisal and knows what it will accept in a price. You may get a response back on your offer much faster with foreclosures -- sometimes within a day -- but you may not get the price you want. But again you just might. It depends on the bank and how much it needs to get rid of the property.
We have the professionals in place, in either case, to give you the best chance to get the bank to accept your offer. You never know whether the bank will accept a low offer, but with luxury homes, it is certainly worth a try, and it happens more often than you might think.
You can search for luxury foreclosed and short-short homes here. Please let me know if you want me to help you with the process of buying a luxury home at a great price.
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