Bel Air, Maryland 21015
Listing Details
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Bel Air, MD 21015

4 Beds | 4 Baths
Short Sale
Listing ID: 50751949

$615,000

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons. For more check out 'First Steps' below.
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  • Property Information
    • Price: $615,000
    • Bedrooms: 4
    • Bathrooms: 4
    • Full Baths: 3
    • Half Baths: 1
    • Basement: Yes
    • Total Square Feet: 5,402
    • Lot Size: 2.63 acres
    • Style: Colonial
    • Fireplace: Yes
    • Heating Type: Fireplace
    • Air Conditioning: Ceiling Fan(s)
    • Year Built: 2015
    • Description: SHORT SALE ~ GORGEOUS CUSTOM BUILT COLONIAL SITUATED ON 2.63 AC IN WAVERLY! THIS BEAUTY FEATURES A 2 STORY FOYER, FAMILY RM OFF GOURMET KIT, SUNRM, HUGE MASTER SUITE w/LUXURY OWNERS BATH, WIC & BONUS RM (POSSIBLE NURSERY OR 4TH BEDROOM)! A FULLY FINISHED BASEMENT w/BAR ROUGH-IN. GEOTHERMAL HEATING/COOLING SYSTEMS. COMMISSION PAID UPON FINAL SETTLEMENT. Copyright 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Comments: Listing Status: Pending
    • Source ID: 1000249532
    • Days On Site: 743
  • Property Tax Roll
    • Subdivision: Waverly Estates
    • School District: HARFORD COUNTY PUBLIC SCHOOLS
    • Property Type: Single Family Dwelling
  • AVM Report
  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $3,230 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $61,500 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
07/23/19   Foreclosure View now
03/28/19 04/25/19 Preforeclosure View now
11/22/18 04/26/19 Preforeclosure View now
11/12/18 12/13/18 Preforeclosure View now
  • Contact Information
    • Agent Company: EXP Realty, LLC
    • Agent Name: Gina Gladis
    • Agent Company Address: 137 National PLAZA
    • Agent Company City: Oxon Hill
    • Agent Company State: MD
    • Agent Company Zip: 20745
    • Agent Company Phone: (888) 860-7369
    • Agent Company Email: Email Now
    • Agent Phone: (888) 860-7369
    • Agent Email: Email Now

FIRST STEPS:

Short Sales

You've identified an ideal short sale property. Now what? Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value.

Read more

Indeed, the existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

On the flip side, lenders are often willing to agree to sale prices that are considerably less than what is owed on the current mortgages because the alternative is foreclosure, a costly, complicated and expensive process that will most likely only clog their non-performing asset pipeline further.

Therefore, once you identify a desirable short sale property, it's important to contact a local licensed real estate professional - or the listing agent - who can walk you through the negotiation and purchase process.

You need to act fast!

That's because short sales are time-sensitive. In addition, it's not a "traditional" transaction, meaning that it often takes longer - about four to six months on average - to close a deal.

But, more often that not, it's well worth the wait ... literally and figuratively.

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