Just Sold - 1400 Redfern Ave, Baltimore, MD 21211

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Real Estate Agent with Long & Foster Hampden MD RE License 579412

Just Sold

1400 Redfern Ave, Baltimore, MD 21211

We all know what a challenge it is to find an affordably priced home in good condition for that first time home buyer.  Sometimes, the only home available is a bank foreclosure.  Then you end up in a multiple offer situation and your offer needs to be competitive in order to win the day.

My buyer was buying his first house and he really wanted to live in the Hampden or Medfield neighborhoods in Baltimore.  The inventory there is low to begin with and when your maximum purchase price is below $200,000 it is a challenge.  

When we started this journey he really didn't want to spend more than $150,000 and we saw a couple houses and wrote offers but there were multiple offers and his was not successful.  He increased his price point some and finally a nice bank foreclosure came on the market.  It was a nice 3 bed 2 bath end of group town home on a corner lot with off street parking and a nice fenced yard, deck and finished basement.  The house met all his needs.  The original list price was well below market for the street and as you can imagine there were multiple offers.   This is where a good, experienced agent is worth their weight in gold.  I negotiated an excellent deal for my buyer and his contract was accepted.

Once under contract my job was not yet done.  Baltimore City was hit with the computer ransomeware virus and not every sale is able to settle.  Criteria needs to be met.  The title company told the seller they would need to hold $3,000 in escrow for any unforeseen liens.  The seller, being a bank, refused.  The title company informed me that they could see most of the liens and the only thing they had not received was a water bill.  After a conversation with my buyer, he was willing to put up the $3,000 escrow so it could close, but only if the seller would give him a credit of $1,500 at closing.  The bank agreed and we were ready to close.  

Are you thinking about buying a home in the Baltimore area?  I would be happy to help guide you through the process.  I work with a great group of professionals who know the ins and outs of Baltimore title and down payment assistance programs so you can get into a home with little or no money down.  Let me help guide you to your new home!!

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If you are thinking of buying or selling an home in  Maryland give us a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.  Remax New Beginnings and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP

Long & Foster Hampden

410-292-0100 - Direct   410-889-9800 Office

City Living Expert

 

 

 

 

 

 

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

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Tags:
down payment assistance
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just sold in baltimore
just sold in hampden
buying a bank foreclosure

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Rainmaker
3,098,712
Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulation on your recent sale.  Nice house and nice job with your presentation.

Aug 15, 2019 03:00 AM #1
Rainmaker
5,082,280
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, June Piper-Brandon keep those sold properties flowing.... congratulations

Aug 15, 2019 03:37 AM #2
Rainmaker
646,736
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

Congrats on your recent sale! Good luck keeping the momentum going.

Aug 15, 2019 07:12 AM #3
Rainmaker
4,135,114
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

June, congratulations on this recent sale, and your Buyer was lucky to have you represent them.

Aug 22, 2019 04:08 PM #4
Rainmaker
1,711,213
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Congratulations!  This looks like a very nice home for a lucky buyer - I am sure your client is very grateful to you! 

Oct 24, 2019 07:15 PM #5
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Rainmaker
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June Piper-Brandon

Piecing Dreams One Home at a Time
Take the next step in home ownership now
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