So you are ready to buy a home in Baltimore and are looking for a great deal, right? This is great! Mortgage rates are ultra low, Baltimore Foreclosure prices are at all time lows, it's the perfect storm right? Absolutely! But, as always, there are a few very important things you need to be aware of before buying a foreclosed home:
1. Scams. Beware of foreclosures scams. If you want a free list of Baltimore Foreclosures just visit www.BaltimoreMarylandForeclosures.com. This list is coming directly from a Maryland Licensed REALTOR to you for free. No strings attached or obligation.
2. Loans. Every loan is not for every home. Be sure to meet with a REALTOR. Don't have one yet? Well, lets schedule an appointment. You need to be aware of what types of loans, conditions, requirements, length of time and so much more before you begin looking into foreclosures. Generally speaking a Rehab Loan is an excellent product for these types of properties.
3. Repairs. Foreclosures are AS-IS. Banks are not obligated to do repairs and generally speaking, they don't. However, there can be exceptions made to these terms during negotiation. Talk to a trusted Realtor about all options and pick the option that is best for you and your family.
Foreclosures in Baltimore and other areas can be great purchase and a excellent start towards equity in your home. Be sure that you are going in this type of purchase with the right education and guidance.
Looking for foreclosures somewhere other than Baltimore?
Foreclosures by County
Harford County
Baltimore City
Baltimore County
Anne Arundel County
Prince Georges County
Howard County
Montgomery County
Helene Kelbaugh, REALTOR, CDPE
Keller Williams Realty Baltimore
443-465-8443
HeleneSellsHomes@KW.com
Equal Housing Opportunity
Helene Kelbaugh of
EXP REALTY LLC
137 National Plaza
Ste 300
National Harbor, Md 20745-0000
443-465-8443 M
888-860-7369 O
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