Where are the deals?

Many homebuyers to get a good deal have had to buy farther away from the DC Metro region. This has been the case for most metropolitan areas throughout the US.

This morning I performed a search for single family homes in Montgomery County that cost less than $400,000. I was pleasantly surprised to find out that there are currently 311 homes in Montgomery County and of those 11 cost less than $300,000. WOW!

Remember the good old days where you had to use escalation clauses and pay a premium of $30-50,000 or more for a home? Those days are gone! There is plenty of inventory out there for those looking to buy and there is virtually no competition. Get the home you've always wanted at a bargain price and historically low interest rates.