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Chevy Chase, MD Real Estate News

 REO PRICE REDUCTION IN CHEVY CHASE Mortgage lenders now have a surplus of lender owned foreclosures.  And, the lenders are taking steps to reduce the inventory by reducing the prices until the homes are sold.  It is a good time to be looking at REO properties. The previous owner purchased this property in 2007 for $772,000.  It is now priced at $514,900 for a quick sale. Prospective buyers need to be pre-approved for financing. Many families are using FHA financing for the low cash requirement and the ability to obtain funds for repairs and redecoration.  Please contact us for a referral to a loan officer.  We represent buyer clients as exclusive agents.                  8900 CONNECTICUT AVE, CHEVY CHASE, MD 20815     CHEVY CHASE - 3 BEDROOMS/3 BATHROOMS - $514,900     Tax Fiscal Year ...
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By James Downing
(Coldwell Banker Residential Brokerage)
Here is the breakdown for Chevy Chase : Zip Code 20815 as of January 31st, 2008 Chevy Chase, MD : Zip Code 20815Single Family:    Currently For Sale: 44          Average List Price: $596,451            Lowest List Price: $265,000          Highest List Price: $ 1,695,000   Average Days On Market: 137 Condos:             Currently For Sale: 57          Average List Price: $1,543,975                   Lowest List Price: $339,000          Highest List Price: $ 7,400,000    Average Days On Market: 130   Call James for all your Real Estate needs and questions; servicing Montgomery County and the rest of the Surrounding Washington DC area. RE/MAX Allegiance - Georgetown1720 Wisconsin Ave NWWashington DC 20007202-338-8900 Main OfficeLicensed in DC,MD,VA 
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By Kathleen Ryan
(Long and Foster Real Estate, Inc.)
Why is Curb Appeal So Critical to Sellers and Buyers?   Wasn't there a moment when you drove by an intriguing house, and you've wondered what the interior looked like? Now picture the same house with a rusty mailbox, overgrown hedges, and sea of dandelions waving above two weeks of lawn growth? Does your mind wonder now to what lies inside -- could the same house have a kitchen or bathrooms that needs updating? What if the same house, perhaps your house, was for sale?   Don't let the lack of curb appeal be a reason for a buyer to dismiss going inside! Remember the times, you drove up to a house with your own Realtor, only to decide to skip entering the property because of its exterior "condition"?   If you are selling, here are seven areas to spruce up:   1) Landscaping -  Take a look a...
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