Explore Potomac, MD
By Roy Kelley
(Realty Group Referrals)
Comments 9
 PINEY GLEN VILLAGE REO  - POTOMAC, MARYLAND - MONTGOMERY COUNTY Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property. Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  Buyers need to be pre-qualified for financing. Ask us for the name of a loan officer.  We represent buyers as their exclusive agents.  Let us know if you would like ...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
       As many people already may know; The Government has agreed to bailout all troubled assets, within corporations on Wall St, mainly. This certainly affects us, both good and bad.      This most important thing to realize is, it was inevitable. This had to happen or our situations would be worst than that of the depression era.      Mortgage rates have gone down and will continue to drop a little more even, to stay somewhere just under 6%, for the time being.  This will help 'kickstart' the housing sector somewhat.      Regrettably, we are all left holding the bag, as taxpayers.  With, what some say to be, upwards of 1 Trillion dollars in deficit in 1 year; taxes will have to be raised. None of us are immune. Both the little guy and the big will be paying for this. Lets just hope it...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
  THERE HAS NEVER BEEN A BETTER TIME IN AMERICA TO BUY A HOME   You Can Quote Me On That!   To all Residents of Potomac, Bethesda and Chevy Chase:   If you have not already read my blog about now being the best time to buy, I hope you pay attention to this one.   I will make it short and sweet. In the areas that I have mentioned above; most of them are still seing HUGE PRICES INCREASES......AGAIN......HUGE PRICE INCREASES   And if I am not listing the home I won't tell. This will be are little secret.   Looks like we have recession proof zip codes mixed with a buyers market. I have developed a very unique Method to take advantage of this for all of my clients seeking to buy a home.  I can give you raw numbers such as the area code of 20817 & 20818 up almost 20% from last year and delive...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 11
A HOME IN AVENEL MEANS        A beautiful home in a beautiful community.        Luxurious grounds with careful landscaping maintenance.        Wide streets with mature trees.          Swimming pool and club house.        Areas for tennis, baseball, tot lots, ball clubs.        Golf course with fairways that meander through the community.        Ponds and wooded preserved areas.         Stables with boarding, trails and training.          SPECTACULAR HOMES IN AVENEL IN POTOMAC   Avenel is a community of about 1016 private residences.   Avenel offers Single Family Detached Homes, Patio Homes and Town Homes that back to golf course fairways.  There are 298 homes in Avenel with 1/4 to 1/2 acre home sites. There are 204 homes in Avenel with 1/2 to 1 acre home sites. There are 71 homes in Ave...
By Roy Kelley
(Realty Group Referrals)
Comments 1
POTOMAC, MARYLAND REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 53 new listings in the area and 39 listings went to contract. There were 37 actual settlements as compared to 57 homes sold last August. The total sold dollar volume was down 36.67%. The average number of days on the market was down to 63 from 97 days last August.  The average sale price was 92.27% of the average list price.  What does this mean?  It is still a soft market which favors buyers. The good news is that most of us in the real estate business have noticed an increase in activity and the number of contracts being submitted. It...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
Today Freddie Mac and Fannie May were taken over by the government. This is a milestone, in the current housing situation and hints at many more changes to come.  Namely, does this signify the bottom of the housing market? Many think so. Mortgages rates dropped almost a 1/2 percent today for home buyers. I think the most interesting questions in our area markets is; the upper echelons of the housing markets in the D.C. metro areas are doing quite fine. How will this affect our market? The government taking over these two firms will positively effect our market in a great way. There will be more money to lend and it will be easier to obtain a loan, for qualified buyers. If you are in the market to buy a home, or if you are considering to buy a home; seriously think about purchasing by th...
 SUNTRUST REDUCES PRICE ON REO - POTOMAC, MARYLAND Sometimes, foreclosures take place in the finest neighborhoods.  Fall purchasers need to watch the inventory of lender owned homes in Montgomery County.  The lenders have acquired an excess inventory of properties and are highly motivated to sell them as quickly as possible.  It is a good time to make an offer on this home. Please contact us for more details on this home or ask about our client reports on lender owned homes in Montgomery County and Frederick County, MD. We represent buyer clients as their exclusive agents. roykelley@mris.com   6 TRAVILAH TERRACE, POTOMAC, MD 20854                          6 BEDROOMS/5 FULL BATHS/2 HALF BATHS REDUCED TO $1,199,900   PUBLIC RECORDS PROVIDED BY MRIS Tax Fiscal Year  2008  Estimated propert...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
The High End Home Markets Is Alive and Well in the Metro of DC The luxury Market of Real Estate is going strong in the Metropolitan areas of DC. This is great news considering the lackluster performance of the national real estate market. Looking at the chart below; I would like to highlight a couple of items: 1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans. 2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.   ANTHONY DASHTIZADEH 240.353.3163 : MOBILE RE...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 8
POTOMAC, in Montgomery County Maryland is a unique town of luxury homes, top ranked public schools and convenience to DC and Northern Virginia as well as the commercial centers of Montgomery County.  The closest airport is Dulles International Airport which is about 35-40 minutes from locations in Potomac.  We selected a few homes as examples of homes in these communities that reflect the quality, luxury and absolute beauty of this beautiful real estate market in Maryland.  When home buyers are in the market for a luxury home in Maryland, Potomac is the #1 location searched.  Homes in Potomac South of Potomac Village, See Map below are often on lots of 2 acres or less and have public water and sewer services.  Homes North of Potomac Village often are often on lots of 2 acres or more and...
  SUNTRUST REDUCES REO PRICE - POTOMAC, MARYLAND  Foreclosures can take place in the finest neighborhoods. Potomac buyers should be watching the inventory of lender owned homes.  The lenders are highly motivated sellers and prices are reduced until they are sold. We represent buyer clients as their exclusive agents. Contact us for client reports on lender owned homes in Montgomery County and Frederick County, MD. roykelley@mris.com 6 TRAVILAH TER, POTOMAC, MD 20854     6 BEDROOMS/5 FULL BATHS/2 HALF BATHS - $1,250,000   Tax Fiscal Year  2008  Estimated property tax and non-tax charges in first full fiscal year of ownership. PUBLIC RECORDS INFORMATION PROVIDED BY MRIS   TOTAL EST. CHARGES:  $14,157  City Tax:  Tax Year:  2008   State/County Tax:  $9,995  Refuse:  198.42 Base Tax Rate:  0...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 3
GET TO KNOW POTOMAC, a luxury community conveniently located in Western Montgomery County along the Potomac River and a quick drive to the Washington Beltway and Northern Virginia.  Potomac is a wonderful area with top ranked public schools, popular shopping areas, convenience shopping in Potomac Village and an easy commute to Town Center in Rockville, METRO and DC.  Potomac is our unique luxury home area in Montgomery County, Maryland.  Homes below are in a popular price range of $1,000,000 to $1,500,000.  City ListPrice AbvGrdFin BR BathsAll Lot Acres TotalTaxes YrBlt Potomac $1,025,000   5 5 0.248 $9,601 1971 Potomac $1,077,000   5 5 0.31 $10,842 1971 Potomac $1,085,000 5061 4 7 1.467 $12,823 1950 Potomac $1,099,900   5 4 0.928 $9,905 1890 Potomac $1,129,000   5 5 0.258 $11,223 1985 ...
By Roy Kelley
(Realty Group Referrals)
Comments 0
Metropolitan Regional Information Systems, Inc.     ZIP Code Statistics: 20854 Potomac, MD - Real Estate Trends Roy Kelley, Associate Broker, RE/MAX Realty Group Client Service:  301-670-8996 From: 07/01/2008 to 07/31/2008                Statistics generated on: 08/07/2008   ResidentialUnit SalesNumber of Bedrooms Active Listings   Time on Market Price Class 2 Or Less   3 4or More   CondoCoop GroundRent Residential CondoCoop GroundRent of Units Sold(No. of Units) Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 21 $100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 9 $150,000 - 199,999 0 0 0 0 0 0 0 0 61 - 90 Days 4 $200,000 - 249,999 0 0 0 0 0 0 0 0 91-120 Days 8 $250,000 - 299,999 0 0 0 0 0 0 0 0 Over 120 Days 10 $300,000 - 349,999 0 0 0 0 0 0 0 0 Total 52 $350,000 - 399,999 0 0 0 0 0 1 1 0   $400...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
As you are well aware of by now, the real estate market has started to pick up by now. There are many reasons for this. Let me be clear by first saying: MANY INDICATORS ARE SUGGESTING THAT THE PRICES OF HOMES, AROUND THE COUNTRY, WILL DECREASE IN VALUYE. AGAIN, I THEY WILL DECREASE IN VALUE. PEOPLE HAVE TO BE CRAZY TO BUY A HOME THEY CAN GET FOR CHEAPER IN 6 MONTHS RIGHT? TRUTH BE TOLD, MORE OFTEN THAN NOT, THESE ARE THE CASES OF MOST CURRENT HOME BUYERS. WHY WOULD ANYONE BUY A HOME IN THIS SCENARIO? THERE IS ONLY ONE REASON I CAN THINK OF....TO SAVE MONEY!!! IF HOMES PRICES DROP AND INTEREST RATES INCREASE YOU WILL HAVE ALREADY BEEN TOO LATE TO TAKE ADVANTAGE OF THIS HOUSING CRISIS PRICES AND INTEREST RATES ARE EXTREMELY LOW. THIS WAS THE REASON PEOPLE STARTED TO BUY HOMES IN A FRENZY ...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 0
AVENEL IN POTOMAC MD, A LUXURY HOME COMMUNITY WITH GOLF. AVENEL, A POTOMAC LUXURY COMMUNITY WITH BEAUTIFUL HOMES, MATICULOUS LANDSCAPING AND GOLF. THE AVENEL STORY                      MAP OF POTOMAC MARYLAND Potomac, Maryland real estate is the most popular location for luxury homes, luxury communities and luxury home buyers in the state. One of the more popular communities for luxury home buyers is AVENEL.     Avenel homes are quality built by some of the most prominent luxury home builders in Maryland. Several builders of luxury homes have their personal residence in Avenel. Prices are from the $1,000,000 range for golf course town homes to approx. $4,800,000 for the spectacular luxury single family in Avenel. COMMUNITY AMENITIES AT AVENEL  Avenel was developed beginning in 1988 and ...
By Meyer Leibovitch, REALTOR Boyds, MD
(RE/MAX Elite Services, Nurit Coombe Team)
Comments 0
Meyer Leibovitch | RE/MAX Realty Group | 301-674-5227 7 Woodsend Court, Potomac, MD 4BR/2.5BA Single Family House offered at $600,000 Year Built 1973 Sq Footage 1,781 Bedrooms 4 Bathrooms 2 full, 1 partial Floors Unspecified Parking Unspecified Lot Size 26,364 sqft HOA/Maint $0 per month DESCRIPTION Upgrades like new carpet, fresh paint, newer windows, updated appliances, new furnace and A/C (2006) abound in this comfortable colonial. It is a commuter's dream located in the Saddlebrook community in Potomac, Maryland just minutes from I-270 and I-495 and is in the desirable Thomas Wootton High School district. The oversized lot and low traffic cul-de-sac location make this home even more desirable. The spacious and functional floorplan is perfect for entertaining and day to day lving. s...
5 CLIFFE HILL CT, POTOMAC, MD   20854-2945 TRUSTEE SALE A Potomac home is advertised for a trustee sale by Harvey West Auctioneers. Trustee sales auctions are open to the public and are held at the front of the court house at 50 Maryland Avenue, Rockville, MD.  This sale is scheduled for August 6,2008 at 10:36 AM.  The required deposit is $25,000. Deposits must be in the form of cash or certified funds.  The foreclosure relates to a 2006 mortgage loan in the amount of $585,000. Visit www.hwestauctions.com for the schedule of sales. Prospective bidders should always check for cancellations before attending trustee sales. It is a good idea to carefully read the newspaper advertisement that details the terms of the sale. The first advertisement appeared in The Washington Post today, July 2...
By Colleen Barlow
(W.C. & A.N. Miller Realtors, a Long & Foster Co.)
Comments 0
Although in many areas of Potomac, MD, home prices have gone down recently, June was an incredibly busy month for our team.  Many Buyers finallly decided to go ahead and "pull the trigger".   Historically, June is a crazy busy month for Realtors, and I can attest that this year was true to that pattern for my team. I'm truly grateful for that. Potomac fared much better than the rest of the county (see below).  Potomac's Total Sold Dollar Volume was up 5.09% in June of 2008 compared to June of 2007.  Two additional properties were sold, and days on market actually went down one day!  Best of all, Average Sold Price is up 1.90% from June of 2007.  Here's the 20854 (Potomac) Zip Code June 2008 Statistics:     2008    2007    % Change Total Sold Dollar Volume: $ 74,191,846 $ 70,600,351 5.09...
By Roy Kelley
(Realty Group Referrals)
Comments 2
The Potomac, Maryland residential real estate market is much stronger than most of the other sections of Montgomery County. There is little indication of the troubled real estate market that we hear described in the daily news. During the past month, there were 79 new listings and 45 homes went under contract. The average sales price was 93.63% of the average list price. Please contact us with your questions and ask us for professional assistance with your next real estate transaction.   POTOMAC, MARYLAND 20854 - RESIDENTIAL REAL ESTATE STATISTICS Roy Kelley, RE/MAX Realty Group Home Search Website:  www.roykelley.com Metropolitan Regional Information Systems, Inc.   From: 06/01/2008 to 06/30/2008                Statistics generated on: 07/08/2008   ResidentialUnit SalesNumber of Bedroo...
By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Comments 0
THERE HAS NEVER BEEN A BETTER TIME IN AMERICA TO BUY A HOME   You Can Quote Me On That!   To all Residents of Potomac, Bethesda and Chevy Chase:   If you have not already read my blog about now being the best time to buy, I hope you pay attention to this one.   I will make it short and sweet. In the areas that I have mentioned above; most of them are still seing HUGE PRICES INCREASES......AGAIN......HUGE PRICE INCREASES   And if I am not listing the home I won't tell. This will be are little secret.   Looks like we have recession proof zip codes mixed with a buyers market. I have developed a very unique Method to take advantage of this for all of my clients seeking to buy a home.  I can give you raw numbers such as the area code of 20817 & 20818 up almost 20% from last year and deliver ...
How do you find the real estate bargains available in Potomac, Maryland?  Watch the inventory of lender owned foreclosures. The mortgage lenders are purchasing most of the homes that are sold at the trustee sale auctions at the court house door. The lenders then offer the homes for sale when they become part of the REO inventory. Lenders are highly motivated sellers and reduce the prices until the homes are under contract. Prospective purchasers need to be pre-approved for financing since a lender letter must be submitted with the contract.   SunTrust is offering this REO property for a quick sale at $1,275,000.  This is large home in an outstanding location. Now is the time to submit an offer.  Please contact Roy Kelley roykelley@mris.com for exclusive buyer representation.  Also conta...

Potomac, MD Real Estate Professionals