Homes are selling in Laurel MD. Laurel MD in Prince Georges County Maryland is averaging one home sold every day over the last thirty days! Some of these homes have even sold for for full price. Many of these homes are foreclosures. Many agents and buyers prefer not to work with foreclosures for two reasons.
First, some banks are just hard to work with. Banks may not want to do much negotiating. Sometimes that banks position is, ' take at "as-is" and thats it'. Sometimes the listing agent can not get a timely response from the bank. This delays causes all parties to be concerned and may kill a deal.
Second, some lenders for the buyer fear the condition of the home. Some foreclosures are in such bad shape, the buyer's lender will not approve the loan unless repairs are made. Many banks that own foreclosures refuse to do any, 'lender required repais'. In some situations, you can get a bank to repair some items.
Despite the issues above, Laurel MD seems to be an indication that buyers and banks have been able to get deals done. Hopefully, this is a trend throughout real estate in Maryland.
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