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In this area, Bowie, MD has certainly been one of the communities that have suffered the most from foreclosed properties in the inventory. Last year, in 2010, one third of all the homes sold in Bowie were bank owned properties, more commonly referred to as foreclosures.

While foreclosures aren't good news for sellers, it can be great news for buyers and investors. Not every foreclosure is a good deal, but banks are reducing prices, and seem to be willing to deal to reduce their own inventory of bank owned properties.

Right now, a little over 10% of all the homes in the Bowie, MD inventory are foreclosures. They range in price from a $92,800, 2 BR, 2 BA condo to a $995,000 single family with 8 bedrooms and 5 full baths. With everything in between, buyers should be able to find a decent home, at a decent price.

If you're not already working with an agent to buy or sell a home in Bowie, MD, or the surrounding area...I can help. Call Rich at 443-995-9595.

All of the Bowie, MD foreclosures can be seen on the map below. Just click on an icon for full details.

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This estate sale, located at 12408 Stonehaven Lane in Bowie, MD was attractively priced and received an offer the first week it was listed. As a matter of fact, we received more than one offer, and multiple inquiries from the time it was listed to settlement last Friday.

These are the kind of listings that agents wish they had more of in their inventory.

As it turns out both the buyers agent, Bob Gauger, and the settlement officer, Beth Hoyt, are members of Active Rain...although both could be a little more active:-)

Congratulations to the new buyers and welcome to Bowie, MD.

SOLD: 12408 Stonehaven Lane, Bowie, MD 20715

Bowie, MD, one of the largest cities in Prince Georges County has been affected pretty significantly by REO property sales. Last year, one third of all sales in Bowie, MD were foreclosed properties. There are great deals to be had on Bowie foreclosures in 2011.

There are 62 foreclosures in Bowie, MD, ranging from $32,319 and all the way up to $995,000. Yes, million dollar houses are not immune to foreclosure.

Whether you're looking to purchase a foreclosure, short sale, or just a regular resale...I can help. Call Rich at 443-995-9595. All the Bowie, MD foreclosures can be seen on the map below.

Don't pass up this great opportunity to get into your own single family, detached home, in Bowie, MD. This large 4 bedroom colonial, with 2.5 baths also boasts an eat in kitchen, and a large family room addition. Close to transportation routes, and shopping, the location is just perfect. Estate sale priced at $243,000, with $5,000 towards seller closing costs.

Bowie, MD, has certainly had it’s challenges as far as foreclosures go in this current market. Last year in 2010, one third of all the homes sold in Bowie were bank owned properties, commonly referred to as foreclosures.

Many investors and regular buyers are interested in purchasing a foreclosed property, expecting a good deal. Sometimes that happens, and sometimes it doesn’t. Banks price their homes pretty close to market value, so, if you’re thinking of offering half the list price, that probably isn’t going to result in an acceptance.

Nevertheless, there are still good housing values on the market right now, including the 61 foreclosures in Bowie, MD. Right now the least expensive foreclosure is a 3 bedroom, 2 bath home in Old Bowie. On the very large and expensive side, you can find an 8 bedroom, 4.5 bath home in Woodmore Acres. This one has 7,221 square feet of living space above ground, and another 3.794 below. Listed for $995,000. A Realtor can help you determine a good offer price, based on the current market.

If you’re not already working with an agent, I can help. Call Rich at 443-995-9595, to see any Bowie, MD foreclosure, or any home for that matter.

All of the Bowie, MD foreclosures can be seen on the map below. Just click on an icon and it will bring up detailed information on all the Active foreclosure listings.

Bowie, MD, located in northern Prince George’s County has many foreclosure opportunities, in all price ranges, for purchase. There are currently 96 Bowie, MD foreclosures listed for sale.

Bowie, MD seems to be the foreclosure capital in the surrounding area, last year and so far this year as well. In 2010, over 33% of homes sold in Bowie, MD were foreclosures.

Each of the foreclosures are listed with a local brokerage, and the process for purchasing a foreclosure is only nominally different than purchasing a regular resale.

If you’re not already working with an agent to buy a foreclosure in Bowie, MD, or the surrounding area…I can help. Call Rich at 443-995-9595.

Details on all the Bowie, MD foreclosures can be found on the map below. Just click on any of the icons.

A shameless plug for a quick like to my Facebook Fan Page. THANKS!

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114

410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

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©2011 - RichSellsHomes, All Rights Reserved

Bowie, MD, located in northern Prince George’s County has many foreclosure opportunities, in all price ranges, for purchase. There are currently 102 Bowie, MD foreclosures for sale.

In the immediate area, Bowie, MD seems to be the foreclosure central this year. So far in 2010, over 33% of homes sold in Bowie, MD have been foreclosures.

Each of the foreclosures are listed with a local brokerage, and the process for purchasing a foreclosure is only nominally different than purchasing a regular resale.

If you’re not already working with an agent to buy a foreclosure in Bowie, MD, or the surrounding area…I can help. Call Rich at 443-995-9595.

Details on all the Bowie, MD foreclosures can be found on the map below. Just click on any of the icons.

Bowie, MD, located in northern Prince George’s County has many  foreclosure opportunities, in all price ranges, for purchase. There are currently 96 Bowie, MD foreclosures for sale.

Each of the foreclosures are listed with a local brokerage, and the process for purchasing a foreclosure is only nominally different than purchasing a regular resale.

If you’re not already working with an agent to buy a foreclosure in Bowie, MD, or the surrounding area…I can help. Call Rich at 443-995-9595.

Details on all the Bowie, MD foreclosures can be found on the map below. Just click on any of the icons.

The city of Bowie, MD has a population of over 50,000 residents spread out over an area of approximately 16 square miles. Two middle schools, Benjamine Tasker and Sam Ogle feed into the Bowie High School. Bowie has a median household income of $99,105, based on a 2007 estimate of census data.

Bowie, MD currently has 530 Active listings in the Multiple Listing Service (MLS). Of these, 87 are foreclosures, or bank owned properties.

Bowie has one of the highest foreclosure rates in the area. From January 1, 2010 to August 31, 2010, 702 homes were sold in all of the Bowie zip codes. 250 of these were foreclosures, or bank owned properties. 35% of all homes sold in Bowie, MD since the beginning of the year have been foreclosures. Crofton, MD, an adjacent town had a foreclosure rate of about 7.5%.

There is no question that Bowie, MD has been severly affected by the housing downturn and the sale of distressed properties.

Foreclosed properties can be a bargain. All are listed with a real estate brokerage and considered bank owned after the foreclosure process is complete. There are only minor differences in buying a foreclosed property compared to a normal resale.

The map below lists the first twenty Bowie, MD foreclosures as of today, September 6, 2010. Click on any of the icons and bring up a detailed list of all Bowie, MD foreclosures.

If you are looking to purchase a foreclosed home in Bowie, MD, or the surrounding area, I can help.