The National Association of Home Builders released information that home sales for the month of June, 2007 were 6% lower than new homes in 2006.
Opportunities for new homes in the Maryland and Northern Virginia area are good for home buyers. Builders have lowered the base price of homes by approximately 10-15% and are offering very generous incentives to buyers along with closing help.
Contact Lenn Harley for a tour of homes in Maryland or Northern Virginia. The Homefinders.com buyer’s REBATE applies.
New Home in Hamilton Virginia. $1,200,000 price range. 3 acre lots
Contact Lenn Harley, Broker Homefinders.com for a tour of homes. 800-711-7988.
FHA loans are a good deal for home buyers in Lovettsville. FHA loan limit is $417,000. Many homes in Lovettsville are priced less than $417,000. With an FHA loan, the seller can pay up to $6% of the purchase price towards the buyers closing costs.
The buyers needs 3% of the purchase price for a down payment.
Contact Lenn Harley, Broker, Homefinders.com for a tour of homes in Lovettsville where you can use the FHA loan. 800-711-7988
While updating the inventory of homes for sale this afternoon, we discovered that more and more homes have gone to foreclosure. Most of these homes have never been occupied and were purchased by investment buyers in 2005 at the peak of the real estate market, a time which turned out to also be the peak of real estate sales. Once the market rached the priced it did, buyers STOPPED buying and investment buyers who thought they would buy a new home, enjoy appreciation while the home was under construction, discovered at settlement that the home was worth less than the owner paid.
The key to buying a home from the foreclosing bank is knowing what you are buying compared with new homes now being offered for sale. JUST BECAUSE A HOUSE IS A FORECLOSURE, DOESN’T MAKE IT A GOOD BUY.
Homefinders.com agents are skilled negotiators and will provide you with the facts and information needed to analyze the offering price to make sure that the foreclosuse IS, indeed a bargain.
Newly foreclosed home on the market in Lovettsville include a home in New Town Meadows. To see this home, contact Lenn Harley, Homefinders.com, 800-711-7988.
Photo similar to foreclosed home for sale.
RESALE HOMES IN LOVETTSVILLE are popular for price and proximity to MARC Train in Brunswick, MD just across the Potomac River Bridge. See map below.
The most popular home description from our home buyers are - Two story Colonial style with 4 bedrooms, 2 full bath, 1 half bath, full basement. Some folks want small lot communities with little yard maintenance. Many prefer the home with a larger lot. 3 acres are required for a horse in Loudoun County.
The average price for the home described above in Lovettsville is $557,750.
With the exception of the Town of Lovettsville, most of Lovettsville real estate is zoned 3 acres or more. Many homes are on 3-10 acres. Homes with 3 full baths are available in this price range too.
Home in the $700,000 range in Lovettsville.
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Home in Lovettsville on 10 acres. Lovely Victorian style home with front porch located on 10 acres. PRICED AT 799,900, this home offers 4 bedrooms, 2 full baths, living room, dining room, kitchen, family room, unfinished basement and 2 car side load garage.
Contact Lenn for a tour of this lovely home. 20 acres of privacy. 800-711-7988
HORSES IN LOUDOUN COUNTY ARE MORE WELCOME THAN EVER. The Loudoun County Code was revised in 2006 to permit home owners to keep a horse for personal use on properties of 3 acres or more. The former requirement was for 5 acres.
Properties in the 3-5 acre range that are now available to keep a horse.
Purcellville - 3 acre property with 77 year old home priced at $620,000. Property includes a 6 stall center isle barn.
Round Hill - 3 acre property with 39 year old home priced at $469,900. 3 stall barn.
Aldie - 3.73 acre property with 60 year old home priced at $625,000. Property includes a 3 stall barn.
Many properties in Loudoun County with fending and grazing land are ready for horses. Contact Lenn for a tour of homes. 800-711-7988
