Maryland Montgomery Homes for Sale

Call Lenn to tour the home below.  We love to help first time home buyers. 

800-711-7988.  GREAT foreclosure buy in Silver Spring.

Property Details for listing # MC6736744

Price:  $369,900 City:  SILVER SPRING Bedrooms:  5 Bathrooms:  3 full Type of Home:  Detached Style:  Split Foyer Year Built:  2000 Lot Acreage:  0.323829 Subdivision:  GLEN ALLEN  County:  MONTGOMERY, MD  State, Zip:  MD, 20902  Status:  ACTIVE

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

	Listing Courtesy Of
	Listing Office: Home

How do we advise buyers and sellers about offering price?? 

How badly does the buyer want the house?

How badly does the seller wish to sell the house?

How quickly does the seller need to sell the house?

Is there equity to cover the seller’s liens and cost of sale?

What terms and conditions are important to the seller to compensate for low offer?

MONTGOMERY COUNTY, MARYLAND NEW HOMES - NEW ENERGY STAR MANDATES

If you’ve bought or sold real estate in MD and Northern Virginia as a consumer or a real estate agent, you know two things: 

1.  The Montgomery County, MD Contract of Sale is the longest in the area.  Disclosure is comprehensive.

2.  Montgomery County Maryland would be the first area to legislate GREEN.  It happened yesterday.  In sweeping and truly revolutionary legislation Montgomery will require that New Homes, single family detached and town homes constructed in the county must meet Energy Star standards.

Homes constructed in Montgomery County would be covered by the new mandate on about January 2010. 

These Energy Star Standards consumer about 15-30 percent less energy than under current guidelines.  It must be noted that many builders in the Montgomery County market have already implemented these guidelines in their new home construction.                      

These mandates will add an estimated $2,000 to $20,000 to the cost of a home constructed under the Energy Star Guidelines.  Since the average cost of new construction for a single family detached home in Montgomery County is about $1,545,843, the added construction costs is, to many new home buyers, a small price to pay for continuing energy savings.  

New home buyers do not buy or build homes in Montgomery County because of affordability.  Some of the attractions of Montgomery County real estate are:

Highly ranked public schools

Parks and Recreation

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

MONTGOMERY COUNTY MD, FHA MORTGAGE LOANS FOR MARYLAND HOME BUYERS - FHA Loan Limit $729,750 and 3% Down!

WELCOME TO THE NEW FHA LOAN.   OPPORTUNITY FOR MARYLAND REAL ESTATE BUYERS.

HAVING TROUBLE GETTING A CONVENTIONAL HOME LOAN APPROVED?  You bet!  Is the home you wish to buy in a “declining market”?  What’s a “declining market”?  What’s the solution? 

DECLINING MARKET.  Mortgage companies are smart.  While home prices in the Maryland real estate market have come down significantly, conventional mortgages have become harder and harder for buyers to get approved.  5% has become 10% and 10% has become 20%.  In designated “declining market” areas, areas where prices have declined, underwriting and appraisal guidelines are much more difficult than in the past 5 years.  Mortgage companies want to protect themselves from the risk of making loans on homes whereby the market value is likely to decline.  They protect themselves by limiting the amount of money they will lend on properties where there security (the property) will decline in value. 

What is the solution?

YES!  3% Down loans are available with FHA Financing.  BUT, THAT’S NOT ALL.  If you qualify, you may be able to obtain DOWN PAYMENT ASSISTANCE from the Down Payment Assistance programs offered by the Nehemiah Program.  Wait!  There’s more.  With FHA Financing, you may receive up to 6% closing cost assistance from the Seller.  Of course, the seller must be willing to make this contribution to you.  In today’s real estate market, our buyers are negotiating contracts with helpful closing cost contributions to help our buyers with costly closing costs. 

ENTER FHA MORTGAGE FINANCING.  Just in time, the loan limits for FHA insured mortgage loans will help many home buyers obtain financing at a reasonable cost.  The new loan limit for FHA is $729,750.  In some areas of Maryland the loan limit is less. 

NEW FHA LOAN LIMITS FOR 2008.

Maryland FHA Loan Limits

           Homes in Montgomery County MD in the $625,000 range in Damascus, Germantown, Clarksburg.

THE NEW FHA MORTGAGE LOAN ARE IMPORTANT.  The average price for Detached Single Family Homes SOLD in February, 2008 in Montgomery County, Maryland is about $620,000.  With the old FHA mortgage loan limit, buyers were denied the benefits of the FHA loan and the financing flexibility offered. 

For specific loan information, contact
Bruce Thanh
JPMorgan Chase Bank, N.A.
3190 Fairview Park Drive Suite 100
Falls Church, VA 22042
Phone: (703) 641-6231

MONTGOMERY COUNTY MD REAL ESTATE. YES, It’s Time To Buy! It’s Time To Buy!

MONTGOMERY COUNTY HOME BUYERS:  We’ve compiled the facts and statistics for you to show that it is, indeed, a good time to buy a home in Montgomery County, Maryland.  

Help for relocating hoLocations in Montgomery County: Bethesda, Burtonsville, Chevy Chase, Clarksburg, Damascus, Gaithersburg, Germantown, Kensington, Laytonsville, Montgomery Village, Olney, Potomac, Rockville, Silver Spring, Takoma Park.
me buyers whether moving across town or across the country. 

IF YOU NEED OR WANT TO BUY A HOME in MONTGOMERY COUNTY MARYLAND, BUY NOW.  PRICES ARE DOWN AND IT’S A BUYER’S MARKET! 
Fact:  There are about 2,369 Single Family Homes (not new construction) listed for sale in Montgomery County, MD (2/24/08).  Home buyers in Montgomery County have more choices than ever before.

Fact:  There are about 4,728 homes of all types listed for sale in Montgomery County, MD (2/24/08).  Home buyers for single family, townhomes, condos have more choices than ever before. 

Fact:  Home prices for homes SOLD in January 2008 were 8.08% lower than in January 2007.  Sellers are reducing home prices faster than recent times.

Fact:  Prices for all homes SOLD in Montgomery County sold for 90.47% of the list price.  That reflects an average 10% negotiating success. 

Fact:  There is about a 10% negotiating window for buyers and seller subsidies are also higher.

Fact:  Total units sold in January 2008 were down 43.03% from January 2007.  Sellers need to sell and will negotiate.

Fact:  List prices for homes for sale in Montgomery County in January 2007 are 5.05% lower than in January 2007.  Lower list prices reflect the pressure from lower SOLD prices and lower appraisals.   

Fact:  The average Days On The Market for homes listed for sale in Montgomery County, MD is 120 days, 30.43% longer than a year ago.

Fact:  Rents are increasing and will continue to do so until buyers get back in the real estate market.

Fact:  Mortgage requirements are becoming increasingly difficult and will continue to do so for some time.

Montgomery County Maryland Average SOLD prices 2005-2008 (All home types).
January 2008 - Average SOLD price was $494,623
January 2007 - Average SOLD price was $538,076
January 2006 - Average SOLD price was $530,950
January 2005 - Average SOLD price was $458,449

MONTGOMERY COUNTY HOME BUYERS can now select from homes for sale at 2005 prices. *  It took 3 years to get list prices for homes for sale back to 2005 prices.
*  Pressure from Short Sales and Foreclosures have helped bring prices down. 
*  Home owners who sold due to relocating to other areas helped bring prices down. 
*  Smart buyers who simply said, “I will not pay that price for that house” helped bring prices down. 
*  Buyers Agents in the Homefinders.com network who gave our home buyers the facts about the real estate market helped bring home prices down.           

                                                      TYPICAL SINGLE FAMILY HOME FOR SALE IN CLARKSBURG, MD

TOUR HOMEFINDERS.COM IN MONTGOMERY COUNTY FOR MORE INFORMATION ABOUT AREAS, DEMOGRAPHICS, HOME STYLES AND HELPFUL HINTS ABOUT LIVING IN AND BUYING A HOME IN MONTGOMERY COUNTY, MD.

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

ROCKVILLE REAL ESTATE FOR SALE AND AVAILABLE FOR HOME BUYERS WHO DON’T WANT TO CUT GRASS.

Town Homes in Montgomery County, MD are a very popular home choice.  Many town home owners in Rockville wish to live and work close to home.  Or, the home owners wish to own a wonderful, roomy, luxury town home in Montgomery County close to METRO with a quick commute to Bethesda or Washington, DC.  In fact, by METRO, Maryland home owners can commute to the Pentagon in Arlington, VA within an hour. 

The most requested newer town home style will have a 2 car garage, 3 plus bedrooms, 2 plus full baths and offer easy access to METRO.  On a square foot basis, this town house model with offer the living space of newer homes in Montgomery County in the $650,000 to $1,700,000 price range for similar location, amenities and convenience.  

   Traditional style garage town home.         Contemporary style town home with garages in the back.

TOWN HOMES OFFERED FOR SALE IN ROCKVILLE MARYLAND WITH 2 CAR GARAGES.

Click Rockville to view homes listed for sale.  Contact Homefinders.com to tour.  800-711-7988.

These town homes are close to METRO, Rockville Town Center and shopping up and down Rockville Pike.

Rockville is convenient to Bethesda, Potomac, Gaithersburg, North Potomac, Olney and Silver Spring Derwood is convenient to Rockville, Gaithersburg and Olney.

Rockville Zip Codes 20850, 20851, 20852, 20853
Average Income - $92,000Population Rockville - 53,500

Land Area Rockville - 13.4 Square Miles
Population Density - 3,536 Persons Per Square Mile

Search Active Listings Homes for Sale in Montgomery County, MD.

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

KING FARM, LUXURY HOMES, WALKING TO SHOPPING, WALK TO THE PARK, WALK TO METRO.

YES, walk to METRO from King Farm.  There are not many communities within walking distance of the Shady
Grove Metro.  But, for owners of homes in King Farm, the 1/2 mile walk to Metro adds value to their home.

KING FARM, a residential community in Rockville, Maryland.  Remember the “King Farm” barn?  For many years, as we drove along Rockville Pike we would see the big white barn with “KING FARM” painted on the roof visible from the road.  Year after year as residential developments came to the area, we knew it had been permitted for a PUD, Planned Unit Development and just waited and watched.  Then in about 10 years ago, the first signs of
construction went up with a couple of construction roads, a few sales trailers and some pathways and
landscaping and King Farm was selling.  The homes were “different”.  They were deceptively large on small
lots with the 2 car garage in the back of the house and the entire lot with the exception of the driveway was
fenced.  YES, white picket fences.  King Farm has the “feel” of a small town. 

KING FARM OFFERED QUALITY FROM THE BEGINNING.   Builders recognized for quality, well designed homes with style and variety of floor plans made showing homes in King Farm a pleasure. The original builders,  Stanley Martin, K.Hovanian, Churchill Group and M/I Homes offered model homes as quickly as possible and there was the popular “Model Home Park” with a model home for each builder. 

The first homes in King Farm were detached single family home models with spectacular interiors and since King Farm is a high density community with small lots, the first homes were clustered on a block where buyers and agents could easily walk to the models and spec homes under construction by the builders.  Prices were about $400,000 for the first detached single family homes.  The first town homes were priced at about $225,000 and the original condominium homes were in the $175,000 range. 

Today, Condominium homes sell for $350,000-$500,000.  The Town Homes sell for $550,000-$700,000 and detached single family homes sell for $750,000 to the high $900K ranges.  Prices have more than doubled
since construction began.  

THE KING FARM REAL ESTATE MARKET IN JANUARY 2008.

KING FARM HOMES SOLD IN 2007
Condominium homes SOLD for an average price of about $444,000.                            
Town Homes SOLD for an average price of about $462,000.
Detached Single Family home sold for $890,000.

KING FARM is a short walk to the Shady Grove Metro Station. 

KING FARM

                 Homes in King Farm

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

king farm real estate, king farm homes for sale

Prices are stable, but the average home price as a percentage of the list price is 92.42%.  That means that the buyers agent has negotiated a price of about 92% of the list price.  That’s our job.  To get the best price for you for your home of choice. 

What’s involved in negotiating a good price for our buyers?  For one thing, knowing the market.  Looking at a lot of homes and studying the recently sold prices to on top of the recent appraisals.  Unrealistically low prices don’t usually result in a sale, but a well considered offer with supporting SOLD data to justify an offer is likely to result in a good price for our buyers.  Experience county. 

Contact Lenn at 800-711-7988, e-mail.