Mount Airy, MD Real Estate News

FINDING REAL ESTATE BARGAINS IN THE REO INVENTORY OF LENDER OWNERS Another Mount Airy home is on the list of lender owned foreclosures in Frederick County, Maryland. If you are seeking a summertime home purchase opportunity, you should be watching the reports on the available foreclosures. The lenders are buying most of the homes purchased at the court house trustee sale auctions. Then, the lenders offer the properties for sale when they become part of the REO inventory. Please contact us for assistance with you next real estate transaction. Many buyers are now using FHA financing for the low cash requirements. Also, recent action by the White House made FHA financing more attractive for use when purchasing lender owned homes. Buyers do need to be pre-approved for mortgage financing. Pl...
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Are you looking for a rancher at a good price?  The place to find one is in the inventory of lender owned foreclosures in Frederick County, Maryland. The mortgage lenders are purchasing most of the properties that are sold at the trustee sale auctions at the court house. Then, the lenders offer the homes for sale when they become part of the REO inventory. These are highly motivated sellers with great financial pressure to reduce the inventory. Prices are reduced until the homes are under contract. Many buyers are using FHA financing for the low cash requirement. And, you may ask the seller for assistance with the closing costs. Prospective buyers need to be pre-approved for financing and have a letter in hand to submit with any offers. Please contact us if you need a referral to a lend...
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Summertime homes buyers are looking for bargains for sale by highly motivated sellers. Everybody wants a deal. The inventory to watch is the supply of lender owned foreclosures.  The mortgage lenders are purchasing most of the homes that are sold at the trustee sales at the court house.  Then, the lenders offer the homes for sale to the public when they become part of the REO inventory. As owners, the lenders are under great financial pressure to reduce the inventory and prices are reduced until the homes are under contract.  Many families are using FHA financing for the low cash requirement. And, it is okay to ask the sellers to assist with closing costs. Prospective buyers need to have a pre-approval letter for financing. Contact us if you need a referral to a lender. This home is an ...
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By Pam Canova, Realtor, Montgomery, Frederick, Carroll Cty, MD.
(Long & Foster, Aspen Hill/Leisure World Plaza)
Mt. Airy, Md. 21771 Market Report as of 6/16 As of June 16, 2008, the latest statistics for the Mt. Airy market (zip code 21771) were as follows. Some 22 properties were sold since May 1, 2008. The average last known list price was $415,000, with an average of 152 days on the market. Prices of these homes ranged from a low of $225,000 to a high of $739,000, and these properties were on the market anywhere from a low of 9 days to a high of 389 days. Currently, there are 14 properties under contract in the Mt. Airy zipcode of 21771. The average price under contract is $440,599, and the average length of time on the market was 111 days. Of the properties under contract, the minimum list price was $234,900 as compared to a maximum of $777,000. Prior to going under contract, the properties h...
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By Audrey June-Forshey, GRI, Gaithersburg, MD
(RE/MAX Realty Services)
Audrey June-Forshey | RE/MAX Reatly Group | 301-921-2672 13612 Ansel Terrace, Germantown, MD Beautiful End Unit 3BR/3.5BA Single Family House offered at $399,900 Year Built 1996 Sq Footage Unspecified Bedrooms 3 Bathrooms 3 full, 1 partial Floors 3 Parking Unspecified Lot Size Unspecified HOA/Maint $73 per month DESCRIPTION Pristine light & bright end unit. Huge with plenty of storage space. Kitchen features,center island, silestone counters, walk-in pantry & new dishwasher & built-in microwave. Super deck. Luxury master bath with jacuzzi tub, double sink vanity & separate shower stall. Laundry on upper level. Upgraded bathrooms with custom ceramic tile. 1st years estimated property taxes are $4,719 see additional photos below ADDITIONAL PHOTOS Seller contact info: Audrey June-Forshey ...
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By Bob Carney, Licensed MD/PA Real Estate Agent
(Taylor-Made Deep Creek Vacations & Sales)
Looking for a Career In Real Estate in Frederick County MD 1512 Ridgeside Dr, Mt Airy, MD 21771 Click to View Show Any more it seems that everyone you meet in Frederick County is either in Real Estate or has been in Real Estate. Why is that? For the most part everyone thinks it’s easy money. All that commission you get to keep!!! First of all it’s not all that easy and definitely not a lot of money when you are trying to run your own business. The broker gets a piece, the goverment gets a piece, etc… We have seen a continuous exodus to the industry since the market has slowed down and this is not a bad thing… plenty of folks got into this industry and really shouldn’t have in the first place. Good people, but just not made for real estate. It comes with a lot of responsibility to wear ...
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