Foreclosure Vs Short Sale Foreclosure Vs Short Sale There are many homeowners today without a clear understanding of the differences between a foreclosure and a short sale.  The consequences a homeowner faces between the two can have a huge impact on their credit and employment especially if their job requires a security clearance.     In an effort to help these homeowners who may not be aware of the advantages and disadvantages of foreclosure vs short sale, I would like to explain the points at issue and consequences of both.     In a foreclosure credit your credit score may be lowered from 250 to over 300 points and it typically can affect your score for over 3 years. With a successful short sale on your home only late payments on a mortgage will show and after sale mortgage will be ... 02/27/2010

PG County MD Homes Real Estate Market Report for January 2010. There are a lot of PG County MD Homes for sale.  This is a great time to buy a PG County MD Home for sale.      According to the MRIS,the total sold dollar volume for PG County MD Homes in January 2010 was $111,951,531. That's a 45% increase from 2009 when total sold dollar volume in PG County MD Homes for sale was $77,208,485.      FHA loans are still the most popular loan product among home buyers in PG County MD. Out of the 559 PG County MD Homes for sale that sold in January 2010,303 of the home buyers used a FHA loan. 113 of the houses were purchased with cash. There seems to be a lot of cash buyers in PG County MD lately. Home buyers know a good deal when they see one I guess.       Average sold home in PG County MD w... 02/21/2010

Bowie, MD SOLD Homes January 2010 Houses SOLD:  45 Average LIST price:  $286,733 Average SELLING price:  $287,444 Average DAYS ON MARKET: 82 LOWEST SALE price:  $90,000 - 2 bedroom, 1 bath condo built in 1990 - bank owned HIGHEST SALE price:  $580,000 - 5 bedroom, 4.5 bath single-family built in 2008 - short sale   Bowie, MD ACTIVE listings (as of 2/3/10) ACTIVE Houses:  437 Average LIST Price:  $360,382 LOWEST LIST Price:  $119,900 - 1 bedroom, 1 bath condo, built in 1989 - foreclosure HIGHEST LIST Price:  $2,500,000 - 4 bedroom, 2.5 bath single-family home built in 1985 Current Average Days on Market:  140   Bowie, MD UNDER CONTRACT listings (as of 2/3/10) UNDER CONTRACT Houses:  297 Average LIST Price:  $318,430 LOWEST LIST Price:  $79,900 - 3 bedroom,1 bath single family home built ... 02/03/2010

     This is a short video that I did yesterday while I was in my car. I was smiling while I was talking because I was happy I guess that sooo many people wished me a Happy Birthday. And why I sound different than the way I normally talk-Technology? Maybe. Bad enough that I don't like to be in front of cameras. But sometimes you have to do what you have to do. And I am practicing my video making so when its time to do my first independent or big budget movie for a major movie studio,I will be ready.       And of course I am going to reach out to either Jennifer Fivelsdal -check out this one by her Speechless Sunday - Locust Grove Another Hudson Valley Historic Site and Mary Douglas-check out this one by her Speechless Sunday; Don't Buck the System. as one of my Director of Photography. ... 02/01/2010

Bowie MD Real Estate - Status for Week Ending 01/30/10 Bowie MD added a very substantial 55 new active listings to the current inventory last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. The most expensive new Active Bowie, MD listing was a 5 bedroom, 5.5 bath in the Westwood sub-division, listed for $725,000. Nine new rental listings came on the market and four had applications registered. Right now, the rental market is very robust in Bowie, MD. 38  properties moved or changed status into some sort of Contract status, while 17 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future. The number of listings that moved to CONTRACT stage is an indicat... 01/31/2010

City of Bowie Employess, Police Officers, & Teachers interested in moving to Bowie may qualify for Bowie Mortgage Assistance Program. The City Workforce program, for city employees, and the Bowie First program, for police officers and teachers, will provide qualified applicants with $1,000 in assistance toward closing costs.  The Maryland Mortgage Program will provide matching funds, for a total of $2,000 in assistance. This assistance is eligible for first time home-buyers who would like to make their primary residence within the Bowie City limits. Funds will be awarded on a first-come, first-served basis. If you are interested in purchasing a home in Bowie or in any other areas in Prince George's or Montgomery Counties give Stacey Baugh a call.       01/28/2010

The time to be a first-time Home Buyer in Prince George's County, MD is NOW! There are many incentives to buy a house that are available right now, however, many of these incentives are expected to change or come to an end in the near future.  DREAM PROGRAM Downpayment on your dream program is a downpayment and closing cost assistance program valued at up to $20,000. To be eligible, a buyer must be a first-time home-buyer and purchase a vacant, foreclosure in one of 33 target zipcode in Prince George's County. Deadline for application is February 19, 2010.  Funding will be awared on a first completed application, first served basis until all funds have been disbursed. FIRST TIME HOME-BUYER TAX CREDIT $8000 tax credit offered by the federal government To qualify the purchaser must be a f... 01/26/2010

Bowie MD Real Estate - Status for Week Ending 01/23/10 Bowie MD added a pretty substantial 50 new active listings to the current inventory last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. Nine new rental listings came on the market and four had applications registered. Right now, the rental market is very robust in Bowie, MD. 44  properties moved or changed status into some sort of Contract status, while 13 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future. If you're looking to purchase or sell a home in Bowie, MD or the surrounding area, I can help.   New ACTIVE Listings 50 New RENTAL Listings 9 Listings marked CNTG/KO 2 Listings marked CNTG... 01/24/2010

PG County Maryland Houses for sale. Written by Lanre"The Real Estate Farmer"Folayan. Real Estate Professional with Exit Premier Realty. 301-560-6700 x1154 (Office). 202-378-0283 (Direct). 301-364-5304 (E-fax). www.buyandsellnewhomes.com. Blog: www.GetDCSold.com. Are you currently looking for a PG County Maryland house for sale to buy? This is a great time to buy a house in P.G County Maryland. Last month alone,617 houses sold in PG County Maryland. There are currently over 3500 houses for sale in PG County Maryland. Start your PG County Maryland Home search here: 01/24/2010

       PG County Maryland Real Estate Market Report -December 2009. Written by Lanre"The Real Estate Farmer"Folayan. Real Estate Professional with Exit Premier Realty. 301-560-6700 X1154 (Office). 202-378-0283 (Direct). (301)364-5305 (E-fax).     Who said that the real estate market is slow? Who said that houses are not selling? Who said that people are not taking advantage of the $8000 tax credit for first-time home buyers? Whoever said that need to take a look at PG County Maryland Real Estate Market. According to MRIS,617 PG County Maryland houses for sale sold in December 2009. That's right Ladies and Gentlemen. 617 houses sold in PG County Maryland in December 2009 up 60.26% from this time last year. That's great news.      Out of the 617 houses that sold in P.G County Maryland,105... 01/24/2010

This post was inspired by my friend Patricia Kennedy who posted a blog about the Top 5 Sales in Washington, DC for 2009.  I was so intrigued by these homes that I decided to look up to see what were the most expensive homes to sell in PC County in 2009.  Thanks Pat, for giving me some more reasons to spend hours poking around on the MLS! Most Expensive Homes Sold in Prince George's County in 2009 1.   12606 Pleasant Prospect Road, Bowie, MD - $2,500,000 This home features 5 bedrooms and a whopping 9.5 bathrooms. Indoor pool and cabana Garage and parking for 14 cars Located in prestigious Woodmore neighborhood Listed by:  Benjamin & Banks Real Estate, LLC 2.  12602 Longwater Drive, Bowie, MD - $1,250,000 6 bedrooms, 4.5 bathrooms Located in prestigious Woodmore neighborhood Listed by:  R... 01/23/2010

Fairwood, Bowie MD SOLD Homes 2009 Houses SOLD:  77 Average LIST price:  $387,493 Average SELLING price:  $380,646 Average DAYS ON MARKET: 98 LOWEST SALE price:  $226,000 - 2 bedroom, 2 bath condo built in 2006 HIGHEST SALE price:  $530,000 - 5 bedroom, 4.5 bath single-family built in 2006   Fairwood, Bowie, MD ACTIVE listings (as of 1/15/10) ACTIVE Houses:  19 Average LIST Price:  $465,077 LOWEST LIST Price:  $265,100 - 3 bedroom, 2.5 bath townhome, built in 2005 HIGHEST LIST Price:  $969,900 - 6 bedroom, 6.5 bath luxury single-family home built in 2008 in gated section of Fairwood Current Average Days on Market:  131   Fairwood, Bowie, MD UNDER CONTRACT listings (as of 1/15/10) UNDER CONTRACT Houses:  12 Average LIST Price:  $361,028 LOWEST LIST Price:  $285,900 - 3 bedroom, 2.5 bath ... 01/16/2010

Lake Arbor, Bowie MD SOLD Homes 2009 Houses SOLD:  68 Average LIST price:  $266,078 Average SELLING price:  $263,827 Average DAYS ON MARKET: 117 LOWEST SALE price:  $195000 - 3 bedroom, 2 full, 2 half bath townhome in the Northlake Subdivision built in 1989 - Short Sale! HIGHEST SALE price:  $374000 - 3 bedroom, 2.5 bath single-family home in the Newbridge Subdivision built in 1988   Lake Arbor, Bowie, MD ACTIVE listings (as of 1/12/10) ACTIVE Houses:  38 Average LIST Price:  $305,971 LOWEST LIST Price:  $199,900 - 3 bedroom, 2.5 bath townhome in the Northlake Subdivision built in 1989 - Short Sale! HIGHEST LIST Price:  $464,900 - 4 bedroom, 2.5 bath single-family home in the Newbridge Subdivision  built in 1991- Foreclosure! Current Average Days on Market:  123   Lake Arbor, Bowie, MD ... 01/12/2010

Beginning in 2010, $150 will be donated to charities following every sale I make.   The charitable contributions will distributed as follows: $50 will be donated to the Angie Houtz Memorial Fund or a charity of my choosing.  The Angie Houtz Memorial Fund was established after my best friend was killed in the 9/11 attack on the Pentagon.  These funds are used to fund scholarships for students attending public colleges and universities in Maryland and who show a commitment to community service.  The remaining $100 can be given to the charity of buyer/seller's choosing.  The $100 can be divided among several charities or given to one place.  All charities chosen must be registered non-profit agencies.  If a client does not have a favorite charity, then can select from my favorite charities... 12/30/2009

Belair Stable Museum 2835 Belair Drive Bowie, MD     The Belair Stable Museum is a treat for horse enthusiast. Belair Stable is best known as the home of Triple Crown Winner and 1955 "Horse of the Year", Gallant Fox and Omaha. These premiere racing horses were father and son horses that were apart of the famous "Belair Stud" stables.     The Belair Stable Museum has been restored and is open to the public free of charge. The hours of operation are Tuesday through Sunday from noon to 4:00pm.   For more information about Belair Stable Museum contact the City of Bowie, MD                 12/23/2009

There was a mix of good and bad news for Bowie MD real estate last month, as I look at the November statistics published by MRIS.  These were my questions:  How many homes sold?  What happened to prices? How long did it take for homes to sell? And, for all of the above, how did November 2009 compare with November 2008? UNITS SOLD: 20715 - UP a whopping 142.86% 20716 - DOWN 50% 20720 - UP 53.33% SOLD PRICES: 20715 - Average sold price DOWN 14.08% to $277,506.  Median sold price DOWN 11.4% to $279,000 20716 - Average sold price DOWN less than 1% to $233,738. Median sold price DOWN 13.25% to $212,500 20720 - Average sold price DOWN 13.10% to $308,784. Median sold price DOWN 12.32% to $313,000 DAYS ON MARKET: 20715 - DOWN over 42% to 89 days 20716 - DOWN 58.68% to 110 days 20720 - DOWN almo... 12/14/2009

Bowie Maryland Homes for sale. There are currently 410 Bowie Maryland homes for sale. Home sales have increased dramatically from this time last year. That is great news for Bowie Maryland home buyers and of course Bowie Maryland sellers and homeowners. So if you are looking to buy a house in Bowie,MD in zip codes 20715,20716.20720 and 20721,the time to buy is now. Even though it is taking much longer for houses in Bowie,Maryland to sell,there are still many home buyers out there who is looking to move to Bowie in P.G County Maryland 79 Bowie MD houses for sale sold last month in zip codes 20715,20716,20720 and 20721. Average sold price of a Bowie Maryland home for sale was $316,609 compared to this time last year when the average sold price of a Bowie MD house for sale was $326,028 a 2... 12/01/2009

Good news for Bowie homesellers:  Days on Market in the 20715 zipcode were down in October more than 52% from the same month last year.  Homes that sold in Bowie last month were on the market less than two months compared to four months in October 2008. There's more good news... The number of homes sold is up 10% from last year. The best news, however, is the fact that new listings and new non-contingent contracts are gaining balance in Bowie.  If we also consider the contingent contracts, the total number of new homebuyers last month in the 20715 zipcode was 35 - vs. 28 new listings.  I'm going to be watching this set of statistics for the next few months because it could be the first indication of a positive trend for Bowie home owners and sellers.  (On the other hand, buyers may have... 11/23/2009

Prince George's County Maryland Public Schools Are you considering a move to Maryland, but are concerned about the educational opportunities available for your children?  Do not worry, the schools of the Maryland public educational system are rated among the best in the entire country. Maryland tracks key performance indicators to determine how it compares to the nation as well as to compare the school districts within its own boundaries.  Maryland continually strives to improve its performance in all of these areas. In all categories, Maryland is at or near the top.  Maryland has information regarding important factors such as: graduation rates; college acceptance rates; SAT and PSAT scores; and assessment scores for math, reading, and writing. Also provided are demographics for the va... 11/13/2009

Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Free search of DC and P.G County MD Homes for sale . I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com - "Where we will get it sold-your home that is". Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy a home in DC and PG County MD today" in zip codes 20019,20002,20020,20011,20032,20774,20721,20744 11/12/2009