Homes For Sale In Montgomery Village, Maryland
There are 2,567 homes for sale in Montgomery County, Maryland. Included in that inventory of active listings on the multiple listing service (MRIS) are 74 homes in the community of Montgomery Village. 17 (22.97%) of the Montgomery Village listings are short sale pre-foreclosures and 3 (4%) are lender owned foreclosures (REO).
Montgomery Village is a preferred location for home buyers that want convenience to public transportation, shopping and public schools. The convenience factor has also made the area a favorite for real estate investors that are building their rental portfolios.
Our office, RE/MAX Realty Group, is located at the entrance of Montgomery Village on Montgomery Village Avenue and we closely watch the market. Almost 27% of the active listings are in the distressed sector of short sales and foreclosures. This is an aging community and many of the distressed properties have deferred maintenance issues and some need updating of the kitchens and bathrooms.
The best bargains are usually in the fix-up category because many buyers do not have the knowledge or the willingness to cope with repairs. A high percentage of investors pay cash for properties and if they wish to have financing they will obtain the financing after the homes are are repaired. Home buyers that want to use financing to purchase fix up properties should consider the FHA 203(k) program which allows purchasers to include the cost of improvements in the first mortgage amount and to complete work before moving into the home.
We are always available to advise prospective home sellers or home buyers and are happy to recommend mortgage lenders that provide excellent service. Buyers that plan to use financing should obtain a pre-approval letter as an initial step in the home purchase process.
74 Homes For Sale in Montgomery Village:
Hydrangea, Kentlands, Spring Flowers IMG_1408
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs