Bowie Zip code 20721 MD Homes for Sale and Sold for JUNE 2017

Bowie Zip code 20721 MD Homes for Sale and Sold for JUNE 2017

Bowie Zip code 20721, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Bowie Zip Code 20721 for June 2017:

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Bowie zip code 20721  Homes Inventory For June: The total number of homes sold for June 2017 is 41 an increase in value of 15.7% from last year with an average time of 31 days in the market with an average sold price of $347,324 and an increase in value of 15.7% 

Homes Sales by Neighborhood in Bowie Zip Code 20721

Newbridge, Fort Washington, MD: The median home price for June 2017 is  $267,750 a decrease of  27.6% from same time last year.

Woodmore South, Fort Washington, MD: The median home price for June 2017 is  $370,200 an increase of  11.7% from same time last year.

The following neighborhoods in Bowie zip code 20721 did not have any  home sold in June 2017:

Balik Hil, Bowie, MD
Collington Station, Bowie, MD
Enterprise, Bowie MD
Enterprise Knolls, Bowie, MD 
Kettering, Bowie, MD
Northlake, Bowie, MD
Southlake, Bowie, MD
Tall Oaks Crossing, Bowie, MD 
Woodmore, Bowie, MD

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com

Fort Washington Zip code 20744 MD Homes for Sale and Sold for JUNE 2017

Fort Washington code 20744 MD Homes for Sale and Sold for JUNE 2017

Fort Washington Zip code 20744, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Fort Washington Zip Code 20744 for 

June 2017:

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Fort Washington zip code 20744  Homes Inventory For June: The total number of homes sold for June 2017 is 82 an increase in value of 3.4% from last year with an average time of 45 days in the market with an average sold price of $300,933 and an increase in value of 3.4% 

Homes Sales by Neighborhood in Fort Washington Zip Code 20744

Aragona Village, Fort Washington, MD: The median home price for June 2017 is  $363,750 an increase of  16.4% from same time last year.

Forest Knolls, Fort Washington, MD: The median home price for June 2017 is  $237,500 a decrease of  15.9% from same time last year.

Piscataway Estates, Fort Washington, MD: The median home price for June 2017 is  $243,000 a decrease of  20.9% from same time last year.

Piscataway Hills, Fort Washington, MD: The median home price for June 2017 is  $437,000 a decrease of  11.4% from same time last year.

Tantallon Hills, Fort Washington, MD: The median home price for June 2017 is  $355,000 a decrease of  2.6% from same time last year.

Tantallon On the Potomac, Fort Washington, MD: The median home price for June 2017 is  $373,865 a decrease of  2.9% from same time last year.

The following neighborhoods in Fort Washington zip code 20744 did not have any  home sold in June 2017:

Apple Grove, Fort Washington, MD
Brooke Manor, Fort Washington, MD

Devon Hills, Fort Washington, MD
Indian Queen, Fort Washington, MD 
Indian Queen East, Fort Washington, MD 
Killbourne, Fort Washington, MD
Maplewood, Fort Washington, MD
Murray Hill, Fort Washington, MD
Oaklawn, Fort Washington, MD 
Old Fort Hills, Fort Washington MD 
Pinewood Hill, Fort Washington, MD
Prophecy, Fort Washington, MD
River Bend, Fort Washington, MD
Rosecroft Park, Fort Washington, MD
Rosedale Estates, Fort Washington, MD
Rose Valley, Fort Washington, MD
South Fort Foote, Fort Washington, MD
Stonegate, Fort Washington, MD
Tantallon North, Fort Washington, MD
Tantallon South, Fort Washington, MD

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com

Wheaton Zip code 20902 MD Homes for Sale and Sold for JUNE 2017

Wheaton Zip code 20902 MD Homes for Sale and Sold for June 2017

Wheaton Zip code 20902, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Wheaton Zip Code 20902 for June 2017:

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Wheaton zip code 20902  Homes Inventory For June: The total number of homes sold for June 2017 is 70 an increase in value of  0.9% from last year with an average time of 29 days in the market with an average sold price of $389,700 and an increase in value of 0.9%.

Homes Sales by Neighborhood in Wheaton Zip Code 20902

Americana Finmark, Silver Spring, MD: The median home price for June 2017 is $182,000 an increase of  0.4% from same time last year.

Arcola, Silver Spring, MD: The median home price for June 2017 is $676,000 an increase of  66.9% from same time last year.

Cameron Heights, Silver Spring, MD: The median home price for June 2017 is  $395,000 a decrease of  1.3% from same time last year.

Carroll Knolls, Silver Spring, MD: The median home price for June 2017 is  $410,000 an increase of  5.3% from same time last year.

Chestnut Ridge Manor, Silver Spring, MD: The median home price for June 2017 is  $432,000 an increase of  15.8% from same time last year.

Conn Ave Estates, Silver Spring, MD: The median home price for June 2017 is  $331,800 an increase of  4% from same time last year.

Conn Ave Park, Silver Spring, MD: The median home price for June 2017 is  $310,000 an increase of  4.2% from same time last year.

Forest Estates, Silver Spring, MD: The median home price for June 2017 is  $541,000 an increase of  42.4% from same time last year.

Forest Glen Inv Co, Silver Spring, MD: The median home price for June 2017 is  $775,000 an increase of  91.4% from same time last year.

Glenfield Manor, Silver Spring, MD: The median home price for June 2017 is  $400,000 an increase of  3.9% from same time last year.

Glen Haven, Silver Spring, MD: The median home price for June 2017 is  $444,000 an increase of  15.3% from same time last year.

Glenmont Village, Silver Spring, MD: The median home price for June 2017 is  $289,500 a decrease of  2.5% from same time last year.

Kemp Mill Estates, Silver Spring, MD: The median home price for June 2017 is  $454,000 an increase of  13.5% from same time last year.

Mckenny Hills, Silver Spring, MD: The median home price for June 2017 is  $480,000 an increase of  14.4% from same time last year.

Wheaton Hills, Silver Spring, MD: The median home price for June 2017 is  $329,950 an increase of  2.2% from same time last year.

The following neighborhoods in Wheaton zip code 20902 did not have any  home sold in June 2017:

Chestnut Hills, Silver Spring, MD

Conn Ave Park, Silver Spring, MD 
Connecticut Gardens, Silver Spring, MD 
College View, Silver Spring, MD
Forest Estates, Silver Spring MD 
Glen Haven, Silver Spring, MD 
Hearthstone Village, Fort Washington, MD
Pt Wheaton Out, Silver Spring, MD
University Twrs, Silver Spring, MD
Wheatoncrest, Silver Spring, MD
Wheaton Forest, Silver Spring, MD

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com

Bowie Zip code 20720 MD Homes for Sale and Sold for JUNE 2017

Bowie Zip code 20720 MD Homes for Sale and Sold for JUNE 2017

Bowie Zip code 20720, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Bowie Zip Code 20720 for June 2017:

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Bowie zip code 20720  Homes Inventory For June: The total number of homes sold for June 2017 is 36 an increase in value of 7% from last year with an average time of 39 days in the market with an average sold price of $394,753 and an increase in value of 7% 

Homes Sales by Neighborhood in Bowie Zip Code 20720

Fairwood-Phase 2-Plat 10, Bowie, MD: The median home price for June 2017 is  $472,450 an increase of  17.1% from same time last year.

The following neighborhoods in Bowie zip code 20720 did not have any  home sold in June 2017:

Fairwood, Bowie, MD
Glensford, Bowie, MD
Highbridge, Bowie MD
Lottsford, Bowie, MD 
Marleigh, Bowie, MD
Northridge, Bowie, MD
Old Stage, Bowie, MD
Springfield Manor, Bowie, MD 
Vista Gardens, Bowie, MD
Westview, Bowie, MD
Westwood, Bowie, MD

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com

Buying Homes at Auction – Are you getting a good deal?

Buying Homes at Auction – Are you getting a good deal?

There are many ways to buy a house in this new age of technology, but the concern for many home buyers is getting a good deal when making one of the biggest purchase and even so for many investors buying below market is what make sense for any positive cash after repair.

Real estate auction is not a new concept but with technology many auctioneers are in the market place and buyers can submit offers online from the comfort of their home, office or on the road. The question is when you buy a house via auction are you actually getting a bargain?  Here are some things to consider when buying at auction-

• -         -     There are no contingencies allowed- That means house is sold as is- many times you don’t have the option of home inspection after winning the bid, appraiser or financing contingency - What this means is once you are the winning bid you must buy the house or lose your deposit if you cannot close on the house.
•          The required deposit are many times 10% of the winning bid and in the form of certified fund payable to the auctioneer, some online auctioneer requires a $2500 deposit before you can register to submit offers online- That means you need a credit card that have at least $2500 available credit.-

•          Buyers must pay auction premium which is usually a percentage of the winning bid and it can range from 4.5% to 10%. (Yes 10% buyer’s premium! I just saw one in our MLS today). How much does this translate to in dollars? If a winning bid is $250,000 - Below are the potential premium buyer must pay 

   4.5% +$250,000 = $261,250

   5% + $250,000 = $262500

10% +250,000 = $275,000

• -         Buyers must pay all closing cost associated with the sale- That means all transfer and recordation – See below the estimate of taxes on a $250,000 winning bid for a house in Maryland (Montgomery County)
• -         State Recordation tax: $1335.00

• -         County Transfer Tax: $2500.00
• -         Buyers must close in specified time frame establish by auctioneer, as early as 21 days depending on terms for each auctioneer.

If a buyer wins a bid at auction for a house in Maryland for $250,000 – Below are the different scenarios the estimated cost of the house will be:

Cash Offer with 5% buyer’s premium

Winning Bid: $250,000 + $12,500 (buyer’s Premium) + $3896.00 (Taxes & Recordation) + $3843.00 (Closing costs fees: title, survey and others): Total Cash need to close: $270,239.00

FHA Buyer with 5% Buyer’s Premium:

Winning Bid: $250,000 + $12,500 (buyer’s premium) + $3896.00 (Taxes & Recordation) + 1% Loan points $2655.00 + 1.5% MIP $3937.50 + $4342.50 (Closing costs fees: title, survey, MIP, Appraisal and others): Total Cost need to close: = $277,331.00

To determine if this is a good deal, buyers must determine what the current market value of the house is, what the value will be after any repairs or update. If similar houses in the same neighborhood or community are selling for between $250,000 to $300,000 a buyer using any form of financing (FHA or Conventional) is not necessarily getting a good deal.

Buyers should not get caught up on the auction frenzy, as bidding sometimes bring out the worst in people to win a bid at all cost.

Buying house via auction is not for everyone. I strongly recommend a professional help if you are thinking buying at auction.

Based on the scenarios above are you getting a good deal? Let me know with your comments below!!!

Did you buy at auction recently? What is your experience?

  

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