Special offer

A sweet REO deal in Columbia, MD

Real Estate Agent with Thompson Company, REALTORS® 240.593.2860 MD594797

About 3 months ago, I wrote a blog post titled Sorry to disappoint, deals are (still) hard to come by... Today I have to add: but not impossible

I work with a limited number of investor clients and always keep an eye out for them. Part of my market watch and daily perusing of newly listed and coming soon listings are any deals that could be attractive to my investors. I have a good understanding of what could fit their portfolios and run any possibilities by them. Steals are (still) hard to come by, but occasionally we get lucky (and by lucky I mean, we see an opportunity and act on it immediately). 

One of my clients just closed on a sweet REO deal on a two-bedroom condo in Columbia. Typically, condos are not high on the want list due to fees and regulations, but this one just made sense. It was listed for 135K with the average two-bedroom comp going for 190-195K - not huge margins, but an easy one. It could also quickly rent for $1800+/month. I noticed the listing before 9 AM the day it hit the market, sent it to my client, scheduled a showing appointment for the evening, and was the first one to submit an offer. 

My client now has a tough choice to make, buy and hold for monthly cash flow, or flip. Isn't it a nice problem to have? 

Just SOLD in the Village of Long Reach in Columbia, MD - a sweet REO deal for my investor client! 

Village of Long Reach Homes for Sale

Looking for a special home between Washington, D.C. and Baltimore? Call Andrea to discuss your wants and needs: (240) 593-2860.

Posted by

Andrea Bedard
Thompson Co., REALTORS®

Silver Spring, Maryland

Fluent in Real Estate and German.
Old house lover.
Accredited Buyer's Agent.
Certified International
Property Specialist.
REALTOR® on the Run.

Let's write your unique
Real Estate Story.
Happy Ending Guaranteed.

My Blog
About Me
Email Me

Call or text
(240) 593-2860




Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Andrea - you remain a super-sleuth of finding real estate deals in Howard County Maryland.  The attention you pay by consistently being on the lookout means those who wisely choose you for their representation will be kept aware of the latest and greatest in the area.  

Feb 01, 2023 10:17 AM
Andrea Bedard

Thank you, Michael Jacobs! I take full advantage of the custom saved home searches our MLS allows us to set up. I get a quick market update every morning and can quickly scan for opportunities. It's become a morning ritual!  

Feb 02, 2023 07:05 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Good work, I am sure your investor client is very happy.

Feb 01, 2023 12:06 PM
Andrea Bedard

Thanks, Nick Vandekar, 610-203-4543, he is happy indeed! This was a great find!

Feb 02, 2023 07:06 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

congrats and nice job on behalf of your client! I enjoy working with investor clients.. nice to build a relationship over multiple transactions! 

Feb 01, 2023 12:35 PM
Andrea Bedard

Very true, Lise Howe. I've been working with this client for a few years and know what piques his interest. The relationships are the best part of this business. 

Feb 02, 2023 07:07 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Andrea, we are seeing some "deals" here and there, and pending very quickly.  Congrats to you and your client.

Feb 01, 2023 01:32 PM
Andrea Bedard

Such good deals are still extremely rare in my market, Joan Cox. We had some hurdles to master between ratifying and closing but had the time to see it through.  

Feb 02, 2023 07:09 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Great job  Andrea Bedard fix and flip or rent . Either way a winner 

Feb 01, 2023 03:09 PM
Andrea Bedard

Thanks, Hannah Williams! This one is a win for sure not matter what he decides to do! The cash flow is looking pretty sweet though - that's what I would do.   

Feb 02, 2023 07:10 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Well done by you to keep your investor client's best interests at the forefront. They feed your business and appreciate your efforts on their behalf.

Feb 01, 2023 06:56 PM
Andrea Bedard

.. and I didn't write about the hurdles we had to master yet, Ed Silva! I figure it would make a great The value of a buyer's agent - post. Thank you!  

Feb 02, 2023 07:11 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Congratulations on finding the right condo for your investor client - either way he goes (hold or flip) will work so it's a good problem to have!

Feb 02, 2023 05:01 AM
Andrea Bedard

This was just such a great find, Kat Palmiotti! It's making me ponder whether or not I should explore listing REOs. 

Feb 02, 2023 07:13 AM
Roy Kelley
Retired - Gaithersburg, MD

Congratulations on another successful transaction.

Have a productive February.

Feb 02, 2023 09:34 AM