The other day I was looking up property for a client in Laurel real estate area. I checked Laurel MD and the surrounding neighborhoods.
I was shocked at what I was finding!
Large homes, with five bedrooms, two car garages in relatively new neighborhoods for less than $300K! These homes were pushing half a million just two years ago. Yes, this particular property was a short sale, but even I feel it would be worth it to endure the process.
This phenomenon is taking place not only around Laurel MD, but also next door in Montgomery County MD. I found the same type of values in Montgomery County. Man, do I wish I had some disposable cash. Ofcourse, it is pretty sobering to think of how much the value in my own house has dropped.
Anyway, these deals are too good to pass up. Buyers should be flooding the market now with all these great deals available. Its not just short sales. There are some nice foreclosure deals out there as well. In addition, short sales and foreclosures are bringing down the list price of normal sales.
If you want to buy a home now is the time!
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