Bowie MD Foreclosures For Sale

Dated: 12/17/2012

Views: 896

Bowie MD Foreclosures for Sale

 

Many potential home buyers are looking for the best real estate deals available.  Foreclosures or REO's as they are sometimes called can be some of the best deals available for consumers looking for homes

REO's (real estate owned) made up over 50% of the Prince Georges County Housing inventory only 18 months ago !  However, due to improvements in our economy and the prevalance of Short Sales and other loss mitigation efforts today REO's make up only a small portion of the housing available.

Buying a Bowie MD Foreclosure

Many consumers believe that there are some secret strategies to purchase foreclosed homes, well there are not, the biggest key is finding a realtor that Specializes in Bowie MD Foreclosures, below are some additional tips.

  • Make sure that you have already been pre-approved for a loan or have sufficient cash available.  If you are using financing please make sure that you have discussed this with a loan officer that understands foreclosures as there may be special programs available to assist you.
  • If you are financing the property make sure that the property qualifies for financing.  Not all homes will qualify for traditional financing and an FHA 203K loan may be your best option.
  • Write a STRONG OFFER !  Banks understand the value of a property and low ball offers rarely are accepted.

To see all Bowie MD Foreclosure listings, bookmark this page (listings updated hourly)

Search Bowie MD Foreclosures by Price


Search ALL  MLS Listings in Bowie, MD


 

We are currently experiencing a shortage of real estate in the Bowie MD as there are more buyers today looking for Bowie MD Real Estate than homes available.  If you are considering selling your home in Bowie MD or would like to know the value of Bowie MD home, please contact The Newman Group today your Bowie MD Realtors for a free market analysis

 


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John Newman

John graduated from the University of Maryland with a B.S. in Finance and started his career as a Financial Advisor with Merrill Lynch where he assisted high net worth individuals with their investmen....

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