Bowie, MD Real Estate News

By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
If you're thinking of selling your Bowie home any time soon, you have a lot of competition in the 20715 zipcode - there are 199 homes currently for sale.  Of those, 181 are detached homes ranging from $239,500 for an Ardsley model (Levitt cape cod) to newer large homes in the $900,000's.  Since only 13 homes sold during February in the 20715 zipcode, that's an inventory that could take 15 months to sell, assuming no new listings come on the market.It's an understatement to say it's never been more important to have your home priced right, in GREAT condition, and listed with an experienced agent.Here's a breakdown of homes on the market now in the 20715 zipcode:48 - Cape cods, including "Country Clubbers" and "Ardsleys"46 - 1-story homes - including "Devons" and "Buckinghams"87 - 2 story...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Home Sellers, This Is For You! In case you've been living on another planet or just never thought about it, "FSBO" is a common acronym for "For Sale by Owner".  The term is most often used in regards to selling real estate without professional help (or with minimal professional involvement by a so-called "discount broker").Here are a few common myths you may have heard: 1.  I WILL SAVE A TON OF MONEY (I want to keep those commission dollars in my own pocket):It is a commonly-held belief that home owners who sell FSBO save the real estate commission.  The truth is that any FSBO buyer has every intention of putting that commission in his/her own pocket - not increasing the sellers' profit!  Selling FSBO could easily cost a seller more than that full-service commission they're avoiding.Jus...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
                       Most of us know that we all need to watch our cholesterol level in order to avoid heart disease. But few of us don't know that when it comes to kidney or kidney disease. March 13,2008 is the third annual world kidney day. What can you do you ask? There are some things that you can do.    Find out if you are at risk.    Get your kidney function tested.       Support your efforts    Take the kidney Quiz I took the quiz and I am glad that I did. I learned that    Kidney disease in children and teens is most often due to congential birth defects or genetic diseases.    Before dialysis -"Which is a way of cleaning your blood",total kidney failure meant death.    Currently there are 350,000 Americans that are on dialysis and more than 70,000 people are waiting    for a ...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
FORECLOSURES IN BOWIE, MD.  Bank owned properties in Prince George's County, Maryland real estate priced from $288,900 to $675,500.  The homes shown below are all Detached Single Family Homes.  There are also about 4 Town Homes and 2 Condo foreclosures for sale in Bowie, Maryland.Bowie 20715 * Bowie 20716 * Bowie 20720 * Bowie 20721    Bowie Maryland Area MapBowie is the most popular residential area in Prince George's County.  Convenient to the County Seat in Upper Marlboro, Bowie offers homes in all styles and types.  Luxury homes in Prince George's County include the Country Club community of Woodmore and communities in the same area where estate homes are available.  Prince George's County real estate has few foreclosures.  However, of the few listed, home buyers may benefit from th...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
Sell this home. Would you? So you got a call from a home owner who just happened to open your listing packages that you sent to them or left at their front door. You are happy to get the call. An opportunity to sell yourself as a real estate professional to the homeowners and get the listing. And you know that they had their house on the market for over 240 days. ( A very long time ) But what you probably didn't know was how it looks inside. So you go to the listing presentation all dressed professionally with your listing presentation in hand. But when you get there,the house looks like it got hit by Hurricane "What the heck just happened here". Okay! No need to panic. ( But if something starts moving under the clutter and you don't know what the heck it is or can't see it -RUN FOREST!...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
What happens to tenants when their landlord fails to make the mortage payment?  One of my clients is learning the answer to this question the hard way.  He's living through it.    Let's back up two years to March 2006, when I rented a nice 4-bedroom colonial in Bowie, Maryland, to Tom and his family.  After two years in a townhome, this family of five was no less excited about their new home than any homebuyer.  This wonderful home gave them a yard, a home office, a playroom, and an updated kitchen.  The commute to work was shorter, the schools were good, and they could enjoy the security of a long-term lease.  It was a home they imagined living in forever.  Forever was their dream.  Former home-owners themselves, they couldn't buy now without first resolving some issues of their own.  ...
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
With so many foreclosure properties around buyers are looking for bargain houses and you can get it with just a little due diligence. . The abundant of foreclosure properties makes it an excellent time to buy a house, but before you decide to buy a foreclosure property get all your facts and make sure you do your home work. Some few things to remember when considering foreclosure properties. •-         Foreclosure properties are not priced 50% off. Banks arrive at their sales price using prices of recently sold homes in the area the property is located.•-         All real estates are local. Know your market and the prices of recently sold properties in  area where the foreclosure  property is located•-         Foreclosures are listed for sale by realtors and you cannot deal with banks d...
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
  Vista Gardens Bowie: Homes are available in this sub-division for savvy buyer and bargain hunters. Many of the pre-foreclosure homes are priced up to 70K below value and many are in great condition. Vista Garden community is a walking distance to the new shopping center in MLK and just a few minutes to Route 50.  If you are looking for a bargain check out vista garden bowie homes for sale- pre foreclosure listing.  Get additional listings of pre-foreclosure and foreclosure listings in Bowie and surrounding areas. If you will like to view any of these properties contact me at keji@metrohomesrealty.com or at Bowie md homes for sale      
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
Covington Bowie Market Update Covington Bowie subdivision consists of condo, town houses and single family. Covington Bowie is just a walking distance to Bowie Wal-Mart, to Bowie Town Center shopping mall and Route 50 .The community also has walking trails and swimming pool The properties in the subdivision are affordable. The following are the current market inventories in Covington Bowie MD as of  Feb 16th 2008. Condo: 3712 EXCALIBUR CT #202, BOWIE, MD 20716  $272,0003700 EXCALIBUR CT #304, BOWIE, MD 20716  $285,500 Townhouses4004 Eastview Ct, Bowie       $314,9994008 Eager Ter, Bowie           $285,0003802 Eldbridge Ter, Bowie    $390,0004006 Estevez Ct, Bowie         $314,0004010 Estevez Ct, Bowie $312,0003712 Enders Ln, Bowie          $319,99916507 Elmcrest Ter, Bowie,  $329,000165...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
I was on Yahoo today when I read this story about this new website. It is called http://www.rottenneighbor.com/.  This website should suppose to let people know about a particular neighborhood before they make the decision to purchase their next home. Real estate agents can also use RottenNeighbor as a tool to market their services and feel more secure about the homes they show to their clients. You can use RottenNeighbor to: Get access to detailed maps of states, counties, cities and neighborhoods, all searchable by zip code Find important neighborhood information by searching the site's user-provided data Help others by uploading your own good or rotten neighbors to our database So whenever you get a chance,check out this website.                                                       ...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
The "Lifeline" Refinancing Mortgage Program allows "CDA Loans" to offer refinancing options to MD borrowers who may be facing difficulties after financing their homes with adjustable rate or other unfavorable mortgages, or mortgages that no longer fit their financial situation. Also,ask me about the DC Bond Program for first time home buyers looking to buy in Washington DC. Important facts to know about qualification: ** 640 MINIMUM CREDIT SCORE    ** FHA /VA /CONVENTIONAL LOAN AMOUNTS, NO HIGHER THAN $429,620    ** 30 YEAR, 40 YEAR, 35 YEAR INTEREST ONLY LOAN PROGRAMS AVAILABLE    ** RATES AS LOW AS 4.250%, WITH NO POINTS    **  ALLOWABLE LTV UP TO 100% ,  110% IF THERE IS A 2ND MORTGAGE    **  HOME MUST BE OWNER OCCUPIED    ** INCOME LIMITS , PER COUNTY   Here are some Woodmore Bowie ...
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
Lake Arbor  Bowie MD Foreclosure Homes Galore Lake Arbor Bowie  MD is a large subdivision with single family and town homes in Bowie . The community boasts of on community park, walking trails, is centrally located with easy access to major highway and public transportation.  Lake Arbor Bowie  MD real estate market is very active with an average of over 15 single family homes for sale and over 20 town homes for sale. Lake Arbor   also has its share of foreclosures and short sale properties for sale. The foreclosure properties are priced well to sell fast. If you are in the market to buy a house in Lake Arbor Bowie I invite you to check out the array of properties available in  Lake Arbor in Bowie  md. To view list of homes for sale in Lake Arbor Bowie  or other parts of Bowie  check out...
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Bowie, Maryland Real Estate Market Update Here's what's happening in the Bowie, Maryland real estate market: DETACHED HOMES Active: 310 Average Days on Market: 157 Average List Price: $446,816 Pending: 39 Average Days on Market: 166 Average List Price: $398,517 NON-DETACHED HOMES Active: 119 Average Days on Market: 119 Average List Price: $310,350 Pending: 15 Average Days on Market: 119 Average List Price: $309,466 NOVEMBER SALES Detached Homes: 26 Average Days on Market: 127 Average List Price: $378,873 Average Sales Price*: $364,019 Non-Detached Homes: 10 Average Days on Market: 79 Average List Price: $311,505 Average Sales Price*: $307,990 *Sales Price does not include any seller contribution. Seller contributions are considered when evaluating a listing price as well as an official...
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Bowie, Maryland Real Estate Market Update Here's what's happening in the Bowie, Maryland real estate market: DETACHED HOMES Active: 326 Average Days on Market: 157 Average List Price: $447,058 Pending: 28 Average Days on Market: 146 Average List Price: $388,195 NON-DETACHED HOMES Active: 123 Average Days on Market: 112 Average List Price: $312,161 Pending: 11 Average Days on Market: 117 Average List Price: $316,836 NOVEMBER SALES Detached Homes: 26 Average Days on Market: 127 Average List Price: $378,873 Average Sales Price*: $364,019 Non-Detached Homes: 10 Average Days on Market: 79 Average List Price: $311,505 Average Sales Price*: $307,990 *Sales Price does not include any seller contribution. Seller contributions are considered when evaluating a listing price as well as an official...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
BOWIE REAL ESTATE, PRINCE GEORGE'S COUNTY, MARYLAND.  BANK OWNED HOMES FOR SALE IN BOWIE.YES!  THERE ARE A LARGE NUMBERS OF FORECLOSED, BANK OWNED PROPERTIES FOR SALE IN BOWIE.Foreclosures can be a good opportunity for a home buyer to buy a home at less than market value.  Banks are often willing to sell at less than market value.  Bowie home buyers seeking foreclosure opportunities must be pre-approved and non-contingent (no house to sell).  The purchase, from contract to settlement is usually 6-8 weeks.  It's worth waiting a few weeks for a good buy.  Bowie is probably the most popular community in PG County for homes.  Located close to public and good auto transportation routes, Bowie is an easy commute to Baltimore, Annapplis or DC.  Bowie, the original Levitt community is very popu...
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
Bowie MD real estate: Here is market update for Bowie MD since January 1st 2008. 72 homes are listed 50 Detached homes 18 Town homes 4 Condos This is as great time to get more house for less money. Sellers are very open to negotiation and concession. A savvy buyer can buy a large house in sought after area of Prince Georges County with seller paying most of the closing cost. Additionally interest is very low to make for low monthly payment. Hurry don't miss this opportunity to get a great house. For Bowie house listings visit me @ http://www.metrohomesrealty.com/ or contact me @ keji@metrohomesrealty.com
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By Keji Ogunleye, GRI, SFR, KejiYour Realtor
(Fairfax Realty, Inc)
Bowie MD real estate, Foreclosure listing opportunity knock now is the time to take advantage of the down market. As of January 11, 2008 the total number of foreclosures for sale in Bowie is 12 properties. Opportunity knocks for a savvy buyer to save thousands of dollars in this market, plus the mortgage interest rate is down. These two factors make for a good market to buy a house. Historically home buyers have net worth more than renters. Are you ready to take advantage of this market check out my website for foreclosure listings @ http://www.metrohomesrealty.com/ or contact me @ 301-613-2043 
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Bowie, Maryland Real Estate Market Update Here's what's happening in the Bowie, Maryland real estate market: DETACHED HOMES Active: 328 Average Days on Market: 158 Average List Price: $445,979 Pending: 27 Average Days on Market: 156 Average List Price: $385,568 NON-DETACHED HOMES Active: 118 Average Days on Market: 108 Average List Price: $312,161 Pending: 13 Average Days on Market: 122 Average List Price: $328,854 DECEMBER 2007 SALES Detached Homes: 26 Average Days on Market: 127 Average List Price: $378,873 Average Sales Price*: $364,019 Non-Detached Homes: 10 Average Days on Market: 79 Average List Price: $311,505 Average Sales Price*: $307,990 *Sales Price does not include any seller contribution. Seller contributions are considered when evaluating a listing price as well as an off...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
SHORT SALES IN BOWIE, PRINCE GEORGE'S COUNTY, MARYLANDWHAT IS A "SHORT SALE"?  A "Short Sale" occurs when a bank or mortgage company agrees to accept a payoff of a mortgage for less than the home owner owes.  This may mean real opportunity for home buyers.  The bank has agreed to accept less than the owner owes.  Home buyers who are in the market for a home in Bowie, MD, should include short sales in the homes under consideration for purchase.  There may be a real opportunity to acquire a home in your area of choice for less than market value.  YOU MUST BE PREPARED.  When including homes advertised or listed as "short sale", you must be pre-approved or at least pre-qualified with an appropriate lender's letter stating that you have the income to qualify, the money to close and the credi...
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Bowie, Maryland Real Estate Market Update Here's what's happening in the Bowie, Maryland real estate market: DETACHED HOMES Active: 334 Average Days on Market: 147 Average List Price: $451,831 Pending: 24 Average Days on Market: 141 Average List Price: $398,547 NON-DETACHED HOMES Active: 117 Average Days on Market: 113 Average List Price: $319,455 Pending: 17 Average Days on Market: 116 Average List Price: $313,826 NOVEMBER SALES Detached Homes: 17 Average Days on Market: 109 Average List Price: $391,262 Average Sales Price*: $372,888 Non-Detached Homes: 11 Average Days on Market: 93 Average List Price: $308,033 Average Sales Price*: $305,508 *Sales Price does not include any seller contribution. Seller contributions are considered when evaluating a listing price as well as an official...
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