MARYLAND AND NORTHERN VIRGINIA HOME BUYERS CAN TURN FIXER UPPER REAL ESTATE INTO BEAUTIFUL HOMES with HOME IMPROVEMENT LOANS
FIXER UPPER HOMES FOR REHAB AND HOME IMPROVEMENT IN MARYLAND AND NORTHERN VIRGINIA
Real estate in Maryland and Virginia offers many opportunities to buy homes in need of repair, home improvement, upgrading. The key is to find homes that need repair and can be purchased in the area preferred and in the price range that is comfortable and that includes the cost of rehabilitation, repair, upgrade.
What the Rehab, Home Improvement loans do is permit buyers to buy the home and finance upgrades and repairs. With conventional rehab loans and the FHA 203 (k) loans, a buyer can find a home in their price range and location of choice, buy the home and in one loan, pay for the home AND the upgrades done after settlement.
ALL THE HOME BUYER NEEDS IS A VISION
Upgrades may include new windows, landscaping, steps, siding, roof, deck, garage, and more.
Fixer Upper Homes * Foreclosure * Rehab Homes * Upgrade Kitchens * Repair Homes for Sale
Sweat Equity * FHA 203 (k) Loans* Conventional Rehab Loans * Home Improvement Loans
Maryland and Virginia home buyers are smart. They know that there are many properties on the market that, with some repair and modernization, would make wonderful family homes. Further, they understand that, after making upgrades and repairs to a house, the owner can realize a significant increase in property value.
IT'S OPPORTUNITY TIME FOR HOME BUYERS
The growth in the number of foreclosures in the area makes the fixer upper property a viable source for your first home purchase. The missing link in buying a foreclosure or vacant home in need of repair is the financing. HOWEVER, smart real estate agents know that financing is available.
STEP BY STEP process to buy a fixer upper and make it into a beautiful residential property.Home for sale Maryland
Parties in the transaction include
The Home Buyers
The Buyer's Agent
The Home Inspector
The Mortgage Lender
The Consultant (FHA Loans)
The Title Company
THE HOME BUYER NEEDS THE VISION. The home buyer is the most important party in the process of buying a fixer upper. We, their Buyer's Agents will show them a number of properties in their qualifying price range. However, the home buyer must have the vision to know that when the upgrades to what is now an old kitchen with old appliances and cabinets, after upgrading, the kitchen will be not only functional, but beautiful and with "state of the art" appliances.
Upgrades may include new cabinets, new flooring, new appliances, paint,
additional features such as islands, counter tops, upgraded plumbing, electrical, and more.
THE BUYER'S AGENT HAS THE EXPERIENCE. Where the home buyer has the vision, the Buyer's Agent has the understanding of the rehabilitation loan process to help the home buyer realize their goal. Working together to locate the property that suits the price and location needs, the Buyers Agent will manage the contract process from search to settlement. It is the Buyer's Agent that coordinates the home selection, feasibility analysis, cost estimates, contract management through to the settlement with the seller who may be a foreclosing bank, investor or home owner with no funds to make repairs or upgrades to put the home in good marketable condition.
Areas in Maryland where many foreclosure and vacant properties suitable for rehabilitation loans may be located include:
MARYLAND foreclosure and vacant home locations include: Annapolis, Beltsville, Bowie, Clinton, Columbia, Ft. Washington, Frederick, Gaithersburg, Hyattsville, Lanham, Laurel, New Carrollton, Pasadena, Silver Spring, Upper Marlboro, Waldorf and more.
VIRGINIA foreclosure and vacant home locations include: Alexandria, Annandale, Ashburn, Bristow, Burke, Centreville, Denton,Dumfries, Falls Church, Fredericksburg, Gainesville, Greensboro, Herndon, Leesburg, Lorton, Manassas, Ridgly, Springfield, Sterling, Woodbridge and more.
Maryland and Northern Virginia areas served by Homefinders.com Network.
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