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Damascus, MD Real Estate News

By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
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. Homebuyers with a "vision" can benefit from the purchase and financing of fixer upper homes.  Many foreclosures on the market today are wonderful candidates for this type of purchase.  All a home buyer needs ia an experienced Buyers Agent and a "vision". EXAMPLE:  Buy a house in Damascus for $425,000                 Invest $50,000 in Renovations.                 Value after Upgrades, $550,000.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 ...
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 DAMASCUS REO BARGAIN This Sandy Spring Bank foreclosure may be your fall purchase opportunity. This home has large rooms and space for a studio or office as well as a finished lower level. And, lots of parking.  Contact us for more details on this home or other lender owned homes in Montgomery County and Frederick County, MD. Buyers need to have a pre-qualification letter in hand since that information needs to be submitted with any offer. Ask us for a referral to a loan officer. Select us as your exclusive buyer agents and we will show you how to successfully purchase a REO property. roykelley@mris.com   25624 RIDGE RD, DAMASCUS, MD 20872   5 BEDROOMS/4 BATHS - $450,000   PUBLIC RECORD Tax Fiscal Year  2008  Estimated property tax and non-tax charges in first full fiscal year of owner...
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By Roy Kelley
(Retired)
 DAMASCUS REO PRICE REDUCED September home purchasers need to watch the inventory of lender owned foreclosures for bargain prices. The lenders have a large inventory of properties and are reducing the prices until they are sold. Buyers need to be pre-qualified for financing since a lender letter must be submitted with any offer. Ask us for a referral to a loan officer if you have not selected a lender. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com 25376 DAMASCUS PARK TER, DAMASCUS, MD 20872     MAGRUDERS OVERLOOK - 3 BEDROOMS/2 FULL BATHS/2 HALF BATHS                                      PRICE REDUCED:  $295,000   PREVIOUS TRANSFER DATE AND PRICE:  22-Feb-2005  $445,000
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DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 28 new listings in the area and 13 listings went to contract. There were 9 actual settlements as compared to 7 homes sold last August. The total sold dollar volume was up 36.67%. The average number of days on the market was up to 150 from 109 days last August.  The average days on the market is 51 days longer than the average for Montgomery County.   The average sale price was 84.11% of the average list price.  What does this mean?  It is still a soft market which favors buyers. The good news is that most of us in the real estate busin...
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GREEN HILLS REO - DAMASCUS, MARYLAND Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The lenders are highly motivated sellers and are reducing the prices until the homes are under contract.  Allow us to show you how to successfully purchase a lender owned foreclosure. Many families are using FHA financing for the low cash requirement and the ability to have the seller assist with closing costs. FHA also offers renovation financing if you wish to purchase a home that needs repairs. Buyers need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for the na...
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NEW REO LISTING - DAMASCUS, MARYLAND Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The lenders are highly motivated sellers and are reducing the prices until the homes are under contract.  Allow us to show you how to successfully purchase a lender owned foreclosure. Many families are using FHA financing for the low cash requirement and the ability to have the seller assist with closing costs. FHA also offers renovation financing if you wish to purchase a home that needs repairs. Buyers need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for the na...
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Metropolitan Regional Information Systems, Inc.    - <$100K to >$5M Format ZIP Code Statistics: 20872 Damascus, MD - Real Estate Trends Roy Kelley, Associate Broker, RE/MAX Realty Group Client Service:  301-670-8996 Email:  roykelley@mris.com;  Home Search Website:  www:roykelley.com    From: 07/01/2008 to 07/31/2008                Statistics generated on: 08/07/2008   ResidentialUnit SalesNumber of Bedrooms Active Listings   Time on Market Price Class 2 Or Less   3 4or More   CondoCoop GroundRent Residential CondoCoop GroundRent of Units Sold(No. of Units) Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 0 $100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 1 $150,000 - 199,999 0 0 0 0 0 0 7 0 61 - 90 Days 4 $200,000 - 249,999 0 0 0 2 0 9 2 0 91-120 Days 1 $250,000 - 299,999 0 1 0 0 0 13 0 0 Over 1...
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REO - MAGRUDERS OVERLOOK,  DAMASCUS, MARYLAND This is a good month to make offers on lender owned foreclosures in Montgomery County.  The REO inventory is at a record high level and the lenders are highly motivated sellers. They must keep reducing the prices until the homes are sold. Many buyers are using FHA financing for the low cash requirement. Recent changes by the White House have made FHA even more attractive for use when purchasing a lender owned foreclosure.  Ask us for the name of a loan officer if you have not already obtained the needed pre-qualification letter.  A lender letter must be submitted with any offer. We provide client reports on lender owned homes in Montgomery County and Frederick County.  Please contact us for advice on the successful purchase of lender owned  ...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Relocating To Damascus Maryland? -  Help for MD Relocation-  Information and Guide/Package  for Damascus Maryland Tips to Help Your Move to Beautiful Maryland Relocating your family has to be a major change on your life and it is important that you find the right support to help you with your move. The questions can be indeed overwhelming.  How can I find a family neighborhood that makes my family feel at home?  Where are the best communities?  Where is the best shopping?  Which schools offer an environment where my child will flourish?  What should I expect to pay for a comparable home in my new home in Maryland? Where could my spouse have potential employment? These concerns merely scratch the surface of the questions that face a family when considering such a big move.  Herboso & As...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
MONTGOMERY COUNTY HOME BUYERS who are looking for home in an established community with: Convenient Shopping, Popular Public Schools (see below) Close to Route 270, Close to MARC Train, Parks and Recreation, Real estate in many types, styles and prices.                                                  DAMASCUS TOWN  AND AREA MAP              NEW HOME FOR SALE IN DAMASCUS Property Details for listing # MC6794531 Price:  $529,900 City:  DAMASCUS Bedrooms:  4 Bathrooms:  2 full  1 half Type of Home:  Detached Style:  Colonial Year Built:  2008 Lot Acreage:  0.459986 Subdivision:  DAMASCUS OUTSIDE  County:  MONTGOMERY, MD  State, Zip:  MD, 20872  Status:  ACTIVE  Listing Office: RE/MAX 2000, REALTORS                                                LUXURY HOME IN DAMASCUS Property Details for...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Search ALL MLS LISTINGS IN DAMASCUS ,MDYou can elect to register or notIT'S YOUR CHOICE !FREE ACCESS TO ALL MLS LISTINGS IN DAMASCUS MARYLANDFinding homes for sale  in DAMASCUS Maryland has never been easier. You can find all houses, condos, lofts and homes for sale from the same MLS all Realtors use.The NEW MLS SEARCH SAVER feature allows you to keep track of your favorites, and receive automatic updates of new listings! When you are ready to see a MLS lising, simply click to set an appt. or request more information and you will be contacted the way you prefer, by email or phone. You can elect to register or not. . it's your choice !"START HERE NOW"Need immediate help? Call 240.426.5754 right now!Fernando@ReallyNiceHomes.comFor Sale | Frederick Condos For Sale | Urbana Homes For Sale |...
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