Guiding You Home

The Numbers Month to Month and Year to Year

The median sales price of detached Bowie, MD Homes for Sale was $346,402  June 2014

compared to$316, 210 in June 2013

For Townhouses the median price was $214,188 June 2014 compared to $220,634 June 2013

For condo’s the median price was $138,067 in June 2014 compared to $174,286 June 2013.

The number of Bowie, MD Homes for Sale   that sold was  111 in June 2014 vs. 122
in June 2013.

A few highlights of the current Bowie, MD Homes for Sale are shown below and represent a nice cross section of properties available, in contract and that have sold.

This Months Must See

There were some Bowie, MD Homes for Sale to consider for this months ‘Must See home tour.

This Months Interesting Homes to See

This detached contemporary design home in Bowie, MDHomes for sale this month is listed …

Click to see the full report

Perrywood

Perrywood Upper Marlboro, MD Homes for Sale have seen been declining  month to month as well as year to year as inventory levels remain consistent with season.

The Numbers Month to Month and Year to Year

The median sales price of detached Perrywood, MD Homes for Sale was $300,200  in June 2014 compared to $299,900    during June   2013.

For Townhouses the median price was $273,250    in June 2014 compared to $248,600  in June  2013.

The number of Perrywood Upper Marlboro MD Homes for Sale that sold was 4  in June 2014 vs. 5   in June  2013.

There are 4   Perrywood Upper Marlboro, MD Homes for Sale that are in contract which represents 100%    of the overall available inventory of 4 homes.

A few highlights of the current   Perrywood, MD Homes for Sale are shown below and represent a nice cross section of properties available, in contract and that have sold.

This Month’s Must See

There were some great  Perrywood Upper Marlboro, MD  Homes for Sale to consider for this month’s ‘Must See’ home tour.

This Month’s Most Expensive

The most expensive of all Perrywood Upper Marlboro, MD Homes for …

Click to see the full report

Just Sold In Bowie MD – Another FHA  Short Sale In Bowie MD

Bowie MD Short Sales:  These properties may take longer to close, but if the price is right, it may be worth the wait. We’ve helped another homeowner with a FHA loan avoid foreclosure in Bowie. MD  A financial hardship  can come at any time, regardless of your loan type or your zip code.  One of the biggest advantages of a short sale is that it provides you with written permission to sell your home for less than what it is worth and gives you the opportunity for a legal ‘financial do-over’.

Our client at  15778 Easthaven Ct, Bowie  was approved for  FHA  short sale, with no deficiency and no promissory note for any of the remaining balance of the loan, which is the best possible outcome.  Not only did  the bank agreed to allow the home to be sold for less than the outstanding mortgage balance, but they are accepting the proceeds from the sale as payment in full and also gave the seller  $3000 relocation incentive at closing.

This Bowie condo was  priced under $100,000 it was an attractive find for a first time home buyer or seasoned investor.  Bowie, MD home values have increased, but there are still some homeowners who are underwater with their mortgage.  If you need help short selling your Bowie condo or home please call Keji Ogunleye with Fairfax Realty @ 301-613-2043.

There are many opportunities available for sellers to avoid foreclosures and  not damage their credit. If you are behind on your mortgage, your house is worth less than you owe , want to downsize but owe more than your mortgage balance give us a call to discuss your options – 301-613-2043

 Another Happy Bank of America  Short Sale Seller in Columbia, MD.

I just sold a townhouse in Columbia Maryland for $195,000. My seller client bought this large 4 level  townhouse in  Columbia, MD  in 2006 for $325,000. By 2013 it was time for her to move because of commuting distance to her job in D.C, but because the property is now worth less than what she bought it , she decided to rent out the townhouse in Columbia. The townhouse was rented out to a family of 4 ,however within 2 months of renting she started having problems with the tenants. The tenants problem  was a nightmare as she has to take off from work many times to go to court, she received many citations from the City of Columbia because the tenants are putting trash in front of the townhouse and many more problems. She finally decided  to sell the townhouse last year November as a short sale. The Bank of America short sale started very well with multiple  offers within few days in the market. Once the seller accepted an offer , we submitted the short sale package to Bank of America. Bank of America short sale process used to be very fast ,but for some reason this year they’ve been extremely slow, and after months of waiting, numerous appraisers by Bank of America the short sale was approved in May 2014. The buyer finally closed on the short sale on  June 20th, my seller client was extremely happy and relieved. The outstanding balance on the townhouse in Columbia MD is $290,500, it was short sale for $195,000 with lender forgiving the balance of the loan.

Short sale is still very much part of the real estate market in Maryland  even as we recover from the housing bubble of 2007.  To get market update on your  MD  property or  If you like to know your options if you owe more than your house is worth contact me  via email @ keji@metrohomesrealty.com

Keji & Associates of Fairfax Realty, Inc is dedicated to providing exceptional service to home We ‘WOW’ our client with outstanding customer services from getting pre-approved to closing on your first or second home.

Keji & Associates is a real estate team based in Lanham with Fairfax Realty, Inc . Keji and the team members are seasoned real estate professionals.

Keji & Associates: Fairfax Realty, Inc

10210 Greenbelt Rd #120, Lanham, MD 20706

301-613-2043

www.Metrohomesrealty.com