Guiding You Home

 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

Kettering Homes For Sale and Sold for May 2014

Kettering,MD   Homes for  Sale  have seen   steady price improvement  month to month as well as year to years inventory levels remain at all-time lows.

The Numbers Month to Month and Year to Year

The median sales price of detached Kettering,MD  Homes for Sale was  $284,300  in May 2014 compared   to  $186,222 during May 2013

For  Townhouses   the median price was$230 ,000 in May 2014 compared to  $200,725 in May 2013.

For   Condo’s the  median price was $94,800 in May 2014 compared to$121,000 to May 2013

The number of  Kettering MD   Homes for  Sale  that  sold was  8   in May 2014 vs. 9 in May 2013.

There are   13  Kettering,MD   Homes for  Sale  that are in contract which represents 90% of the overall available inventory of   15  homes.

This Months Most Expensive

The most expensive of all Kettering Upper Marlboro homes  for sale   this month is listed at  $339,000  and includes

Click to see the full report

Silver Spring MD Homes for Sale and Sold for April 2014

Silver Spring, MD Homes for Sale have seen steady price improvement month tomonth as well as year to year as inventory levels remain consistent with season.

The Numbers Month to Month and Year to Year

The mediansalesprice forSilver SpringMD Homesfor Salewas $417,569 inApril 2014 compared to $340,000 during April 2013.

The number ofSilver Spring, MDHomes for Sale that sold was 208 in April 2014 vs. 210 in April 2013

There are316SilverSpring, MD HomesforSalethat arein contract which represents50%of theoverallavailable inventory of 594 homes.

A few highlights of the currentSilver Spring, MDHomes forSaleare shown below and represent a nice cross section of properties available, in contract and that have sold.

This Months Most Expensive

The most expensive of allSilver Spring,MDHomes for sale this month is listed at$1,699,000and includes5bedrooms,5.1bath and has 6258sqft. The house is completely renovated with all new appliances, gourmet kitchen and granite counter top. (Click to see the full report