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Wow look at the opportunities for First time HOme buyers in Frederick MD

By
Real Estate Agent with RE/MAX Results

Opportunities for first time homebuyers in Frederick County MD and pretty much anywhere else, are amazing right now.  In Frederick County there are 5 single family homes , 7 townhouses, and 5 condo's for sael for under $100,000. 

Between $100,000 and $150,000 there are 116 total listings and under $200,000 there are over 500 homes listed for sale. 

Six years ago when I first started that was unheard of.  My first client and I wrote 7 offers on 7 different condos and we were competing with at least 5 others on just about every one.    It was a horrible market for buyers.  But no one was worried about paying too much for a house. 

Now the choices for buyers are incredible and you have the time to do your research on the house, the neighborhood, (check the crime statistics and sex offender registry) and the school system.  You cna even take the time out to talk to the neighbors.  Talking to the neighbors is the best way to gage if you want to live in a neighborhood or not. 

With so many bank owned properties for sale a first time home buyer who can do some work on a house ie: paint carpet and maybe appliances, the opportunities are even better. 

The Local Governments and Realtor Associations have been working on more first time homebuyer incentives, then we add in the First Time Home Buyer Tax Credit of $8000 which is refundable and does not have to be paid back, you have a great time to buy.

And to top it all off the interest rates are low.  What more could you ask for?

  Actually if you have been waiting for just the right time, I think we have found it.

 

Posted by

Peggy Magnanelli

RE/MAX Results

Peggymagnanelli@mris.com

240-674-8585

www.servinggreaterfrederickcounty.com

Specializing in Residential Real Estate in Frederick, Montgomery, and Washington Counties in Maryland

first time homebuyers, relocations, and Foreclosures