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.
Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
SKYPE ME: RichSellsHomes
