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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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).
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