Maryland Montgomery Homes for Sale

September 30, 2008

Rockville, MD Market Report for Sept. 2008, List vs. Sold

Filed under: Market Report — admin @ 5:51 am

LIST PRICE vs. CLOSED PRICE IN MONTGOMERY COUNTY, MD FOR SEPT, 2008 - Rockville.

Montgomery County Maryland offers a viable real estate market where negotiation is popular.  Home buyers often call asking “What is the lowest price the seller will take?” 

The only way to discover the lowest price is to make an offer and NEGOTIATE the price, terms and conditions until both sides believe that they have the best that they are going to get.  Negotiation is more than price in real estate in Montgomery County. 

ROCKVILLE MD CLOSED PRICES IN SEPT, 2008.

SOLD prices in Montgomery County for September 2008 through the 29th.  About 309 properties closed in September through the 29th and about 390 are scheduled to close today, the 30th.  The list below shows the list price AND the closed price.  The close price reflects the final list price and final closed price.

List price vs. Sold Price Rockville MD September 2008

ClosePrice   City
$332,777 $323,000   Rockville
$599,500 $599,500   Rockville
$350,000 $350,000   Rockville
$246,900 $242,000   Rockville
$319,900 $311,000   Rockville
$349,900 $340,000   Rockville
$600,000 $565,000   Rockville
$450,000 $430,000   Rockville
$315,000 $305,000   Rockville
$359,000 $348,500   Rockville
$549,900 $542,700   Rockville
$399,000 $350,000   Rockville
$675,000 $650,000   Rockville
$849,000 $763,000   Rockville
$349,900 $337,500   Rockville
$349,000 $333,000   Rockville
$575,000 $550,000   Rockville
$439,900 $415,000   Rockville
$275,000 $260,000   Rockville
$669,900 $635,000   Rockville
$311,400 $300,000   Rockville
$769,000 $755,000   Rockville
$449,900 $435,000   Rockville
$705,000 $680,000   Rockville
$299,900 $290,000   Rockville
$299,900 $300,000   Rockville
$434,000 $400,000   Rockville
$399,900 $380,000   Rockville
$915,000 $865,000   Rockville
$420,000 $390,000   Rockville
$320,000 $299,500   Rockville
$310,000 $310,000   Rockville
$356,250 $365,000   Rockville
$375,000 $355,000   Rockville
$424,990 $400,000   Rockville
$237,500 $220,000   Rockville
$298,000 $275,000   Rockville
$299,900 $305,000   Rockville
$629,000 $600,000   Rockville
$325,000 $323,000   Rockville
$264,900 $264,000   Rockville
$440,000 $429,600   Rockville
$270,000 $267,300   Rockville
$775,000 $720,000   Rockville
$675,000 $651,000   Rockville
$729,000 $729,000   Rockville
       

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, e-mail.

MONTGOMERY COUNTY MD MARKET REPORT for SEPT. 2008

Filed under: Market Report — admin @ 5:44 am

LIST PRICE vs. CLOSED PRICE IN MONTGOMERY COUNTY, MD FOR SEPT, 2008

Montgomery County Maryland offers a viable real estate market where negotiation is popular.  Home buyers often call asking “What is the lowest price the seller will take?” 

The only way to discover the lowest price is to make an offer and NEGOTIATE the price, terms and conditions until both sides believe that they have the best that they are going to get.  Negotiation is more than price in real estate in Montgomery County. 

GAITHERSBURG MD CLOSED PRICES IN SEPT, 2008.

SOLD prices in Montgomery County for September 2008 through the 29th.  About 309 properties closed in September through the 29th and about 390 are scheduled to close today, the 30th.  The list below shows the list price AND the closed price.  The close price reflects the final list price and final closed price.

List price vs. Sold Price Gaithersburg MD September 2008

$425,000
$425,000   Gaithersburg
$625,000 $590,000   Gaithersburg
$624,500 $610,000   Gaithersburg
$267,500 $261,000   Gaithersburg
$545,000 $542,000   Gaithersburg
$299,000 $293,900   Gaithersburg
$598,900 $565,000   Gaithersburg
$525,000 $522,000   Gaithersburg
$674,977 $675,000   Gaithersburg
$429,900 $420,000   Gaithersburg
$299,900 $290,000   Gaithersburg
$479,999 $465,000   Gaithersburg
$209,900 $212,000   Gaithersburg
$350,000 $350,000   Gaithersburg
$739,900 $705,000   Gaithersburg
$329,900 $329,900   Gaithersburg
$429,900 $410,000   Gaithersburg
       

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, e-mail. 

 

September 26, 2008

FIXER UPPER HOMES IN DAMASCUS, MONTGOMERY COUNTY, MARYLAND

Filed under: Damascus Homes — admin @ 11:46 am

A FIXER UPPER HOME IN DAMASCUS is a good way to maximize your buying power.  Damascus, Maryland is a wonderful community in Northern Montgomery County.

WHY DAMASCUS?

DAMASCUS WAS VOTED ONE OF THE TOP 100 PLACES TO LIVE BY MONEY MAGAZINE IN 2007.

THE ADVANTAGE of buying a Fixer Upper in Damascus with a Renovation Loan is the home owner equity available when the renovation is completed.  You, our home buyers, also have the pleasure of designing the features in your customized home. 

Example of home on a large lot in Damascus that would be a good home for renovation, remodel.  Features that could be upgraded include, add garage or carport, new kitchen, new bathrooms, new flooring, new windows, finish lower level and much more.

             home in damascus

Homes similar to the above have sold in 2008 for prices between $390,000 to $600,000.  The large lot sizes and rural atmosphere give the community and homes in Damascus a special appeal. 

DEPENDING ON THE EXTENT OF THE RENOVATIONS YOU ELECT TO MAKE:

  • If you decide to upgrade the kitchen, you select the appliances, counter tops, flooring, paint.
  • If you decide to upgrade the bathroom(s), you select the bathroom fixtures, flooring, tiles, paint. 
  • If you decide to upgrade the exterior of the property, you select the siding, windows, doors.
  • You may decide to open the floor plan for a more contemporary look and feel.  It’s up to YOU.

Some of the attractions in Damascus include

*  Highly ranked and popular public schools.
*  Homes in moderate prices when compared to real estate in other locations in Montgomery County 
*  Larger than average lot size for Montgomery County.
*  Convenience to Route 270 for Montgomery County and DC commuters.

Local shopping in the Town of Damascus for everyday needs.  Just look at the variety.

  • The Damascus Library, 9701 Main Street, Damascus
  • Shining Stars School of Performing Arts, 9870 Main Street, Damascus
  • The Red Rooster Restaurant, 10005 Damascus Blvd., Damascus
  • Little Far East II, 26043 Ridge Rd
  • Other commercial outlets and services include, Starbucks, Best Buy, Target
  • Giant and Safeway Super Markets
  • Car dealerships, auto repair.

                             

For a tour of homes in Damascus, contact Lenn Harley, Broker,

Homefinders.com, 800-711-7988.

September 23, 2008

Fixer Upper Homes in Montgomery County, MD, Home Improvement Loans

MARYLAND FIXER-UPPER PROPERTIES AND HOME IMPROVEMENT LOANS - Montgomery County

HOME IMPROVEMENT LOANS IN Montgomery County, MARYLAND.Foreclosures, vacant properties and occupied houses in need of repair, upgrading and/or remodelling are eligible for rehabilitation financing.  The best news is that you, the home buyer, can finance the cost of the new kitchen, the garage addition, the deck, new roof and many other features to make a house your home. 

Home buyers looking for value and the ability to buy a home and finance your upgrades and improvements should consider Conventional Rehabilitation or FHA 203(k) financing. 

 

You, the home buyer, are not limited in the area in which you wish to buy.  You are not limited to vacant properties, foreclosures, bank owned or REO homes.  YOU select the property that you would like to own.  If you can imagine a home with your new kitchen design, new bathroom fixtures, new deck, etc.  you will benefit by a home improvement purchase and finance. 

Bethesda * Damascus * Gaithersburg * Germantown * Montgomery Village

Olney * Rockville * Silver Spring * Potomac

Home in Bethesda  Before

House in Bethesda  After Improvements


HOME IN BETHESDA UPGRADED.  Before value - $363,000, After value $700,000.

Home in Bethesda
This house in Bethesda was purchased for $363,000 in 2003.  

EXTERIOR CONDITIONS

  • 25 year old roof.
  • Overgrown shrubs in landscaping.
  • Mature Trees with roots growing close to house.
  • No deck.
  • Siding and trim in need of paint.

 

                            ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Rehabilitation of real estate in Bethesda

  • IMPROVEMENTS IN PROGRESS
  • The roof was replaced with 3 layers of old roofing removed.
  • Repair to roof deck.
  • Installation of 30 year quality shingles.
  • New gutters.
  • Paint exterior.

 

 

                          ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Home in BethesdaHOME IMPROVEMENT COMPLETED

  • New roof.
  • Siding repaired and painted.
  • Overgrown landscaping removed.
  • Lawn established.
  • Tree removed. 
  • Deck added to back.

This home in Bethesda is an example of what home improvement purchases and financing can do. 

This home was purchased for $363,000 in Feb. 2003 and appraised for $700,000 in May, 2005.   Extensive upgrades were completed on the interior, new kitchen, new bathrooms, finish second level, new flooring, paint, lighting.

                                 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

HOME IMPROVEMENT PURCHASE AND FINANCE - STEP-BY-STEP.    You will want to work with an agent/broker ready to help you find a home that you wish to buy and a property that is eligible for a home improvement loan.  You make the decisions about the home you wish to buy.  Your Buyer’s Agent will show you foreclosure properties, vacant properties, occupied properties that are in your location of choice and within your qualified price range. 

STEP #1  in the process of buying a home and financing through a home improvement loan. 

FIND YOUR HOME OF CHOICE.

PREPARE A FEASIBILITY ANALYSIS.  Included in the analysis is:
A determination of the extent of rehabilitation required and/or desired,
A rough estimate of the work needed and/or desired,
An estimate of the market value following completion of the home improvements.

MAKING AN OFFER to buy the home of choice.  Your offer to purchase will include:
Offering price, terms and conditions,
Disclosure that the property will be contingent on a 203(k) or conventional home improvement loan approval.

MAKING LOAN APPLICATION.  The lender will have experience and expertise in home improvement loans.Find home for sale

COMING SOON -
Cost estimates
Plan review
Appraisal(s)
Lender review
Lender commitment
Loan Settlement
Rehabilitation process
Payment of rehabilitation costs
Final Inspection

Move in your beautiful home. 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

September 17, 2008

Fixer Uppers in Montgomery County, Rockville, Silver Spring, Gaithersburg. Rehabilitation Loans.

Filed under: Fixer Upper Montgomery County — admin @ 1:25 pm

Fixer Uppers in MONTGOMERS COUNTY MD, REHAB PROPERTIES FOR SALE AND FINANCING IN Rockville, Silver Spring, Gaithersburg.

Fixer Uppers can be a wonderful way of making a smart real estate purchase.  However, the key is often being able to finance the repairs.  Repairs and upgrades can be financed in the home loan.   Few home buyers have the cash to bring a property up to good condition after closing.  The key is financing the cost of repairs / upgrades. 

Example of home that is a good candidate for a fixer upper rehab loan in Montgomery County.

Property Details for listing # MC6710145

Price:  $293,900 City:  ROCKVILLE
Bedrooms:  3 Bathrooms:  2 full
Type of Home:  Detached Style:  Split Level
Year Built:  1977 Lot Acreage:  0.168365
Subdivision:  BURGUNDY ESTATES  County:  MONTGOMERY, MD 
State, Zip:  MD, 20851  Status:  ACTIVE 

Descriptions
Comments:  wow bank owned home, great location live in or to rent out, 3 level split near metro station, main road and shopping centers 

Home Interior Features
Basement:  Full, Unfinished, Walkout Level  Kitchen / Dining Info:  Sep Dining Rm 
Heating System:  Forced Air  Heating Fuel:  Central, Electric 
Cooling System:  Central A/C  Cooling Fuel:  Electric 
Water System:  Public  Hot Water:  Electric 
Parking:  Drvwy/Off Str   
Home Exterior Features
Construction:  Alum/Steel Siding   

Your Agent’s Information
Your Agent: LENN HARLEY 
Phone: 800-711-7988  
Office: HOMEFINDERS.COM 

Listing Courtesy Of
Listing Office: RE/MAX Pros-Germantown 

September 10, 2008

Silver Spring, Damascus, Clarksburg, Germantown Foreclosures

Filed under: Foreclosures in Montgomery County — admin @ 11:37 am

MONTGOMERY TOWN HOMES FOR SALE BY BANKS,                                                                            FORECLOSURE UPDATE FOR MARYLAND HOME BUYERS.Town Homes in Montgomery County MD

We selected newer bank owned town homes for this report, all constructed 2000 or later.  The may have been purchased by investment buyers new with the intention of the owner reselling quickly at a profit.  However, because of the slow down in the real estate market, the investment buyers were unable to sell or make mortgage payments on their investment properties, resulting in foreclosure. 

Let’s take a tour of homes in Montgomery County.  Homefinders.com has agent partners ready to tour properties in your price range and location of choice.   

BANK OWNED TOWN HOMES CONSTRUCTED IN 2000 OR LATER.  Click Subdivision for photo.

City Adv Subdivision ListPrice BR FB HB # Gar YrBlt
Clarksburg HIGHLANDS AT CLARKSBURG $350,000 3 2 2   2004
Clarksburg CLARKSBURG TOWN CENTER $399,900 4 4 1   2004
Clarksburg CLARKSBURG HEIGHTS $393,800 3 2 1   2006
Damascus MAGRUDERS OVERLOOK $295,000 3 2 2   2004
Germantown KINGSVIEW VILLAGE $414,900 3 3 0   2001
Silver Spring RENAISSANCE PLAZA $324,900 3 2 2   2004
Silver Spring GATESTONE $400,000 4 3 1   2002
   CLICK ABOVE FOR PHOTOS            

FIRST TIME HOME BUYERS - SPECIAL FINANCING AVAILABLE. 

All homes listed above qualify for a Conventional First Time Buyer program.  Home buyers need only $1,000 to buy with acceptable credit history.  Contact Homefinders.com to make application.                

Foreclosed Town Homes, Single Family Homes and Condo Homes are available throughout Montgomery County.  Contact Lenn for a tour of homes in your price range.  Our agent partners are experienced negotiators and buyers agents. 

Courtesy, Lenn Harley, Broker, Homefinders.com, E-Mail.

 

 

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September 7, 2008

First Time Home Buyers Help in Montgomery County, MD

Filed under: First Time Home Buyers Mont. County MD — admin @ 6:33 am

MONTGOMERY COUNTY HOMES CAN BE PURCHASED BY FIRST TIME HOME BUYERS WITH AS LITTLE AS $1,000.  Yes, Homefinders.com has been in the market looking for money for our first time home buyers.

                  WE FOUND FINANCING FOR OUR BUYERS FOR $1,000 TOTAL CASH NEEDED.

Bethesda, Burtonsville, Clarksburg, Damascus, Gaithersburg, Germantown, Kensington

Montgomery Village, Olney, Rockville, Silver Spring, Takoma Park

Contact Lenn Harley, Broker, Homefinders.com, 800-711-7988 to make application for this special financing offered to home buyers in Montgomery County, MD.  Take advantage of helpful programs for financing and Homefinders.com’s experienced Buyer’s Agents will help you find that special home.  The real estate market in Montgomery Maryland has a good inventory of homes for sale and our buyers are able to find their home of choice in a short period of time.  Call me and make an application. 

Also FREE for our home buyers - FREE One Year Home Warranty - FREE Home Inspection up to $400.

Homes in Montgomery County in the $400,000 to $425,000 price range.  Homes like the below can be purchased with $1,000 cash.  Seller contribution 3%.

Home in Germantown  Silver Spring Homes  Olney town homes

         Homes priced under 4425,000 in Germantown, Silver Spring and Olney.                                             

Program covers Single Family Homes, Town Homes and Condomium Homes in Montgomery County.

Experienced Buyer’s Agent to help you from Search to Settlement.  Prices for homes in Montgomery County are now back to the level of about 2004 prices.  It’s time to take advantage of the homes for sale and the special financing offered for our home buyers.     

INCOME LIMIT FOR MONTGOMERY COUNTY First Time Home Buyers to qualify for this special financing program is $113,650 for a household of 3 or more.  For a household of 1-2, the income limit is $99,000.      

**Income limits for households of 1-2 is $99,000.

This assumes the seller will pay 3% towards buyers closing costs and prepaid items.

Minimum credit scores apply, call for pre-qualification, 800-711-7988.  We can help and you’ll be out looking at homes for sale with an experienced Buyer’s Agent this week.           

INCOME LIMITS UP TO $113,850 for a family of 3 or more.**

                                 Map Montgomery County MD

 

Contact Lenn to apply for special financing.  Lenn Harley, Broker, Homefinders.com, 800-711-7988.

 

search listings  Send Us Your NeedsE-Mail Homefinders.comHomefinders Agents

HOMES FOR SALE IN MARYLAND are at an all time high inventory. Home buyers have a wonderful opportunity to buy at the best price in five years. Homefinders is on top of the pricing trends and will give you the best and latest information about the market to help YOU get the very best price, terms and condition possible. 

 

Enjoy the Home Buying Experience 

HOMEFINDERS.COM CAN HELP 

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