Home for Sale at 6414 BEAR COURT, WALDORF, MD 20603

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6414 Bear Court
Waldorf, MD 20603

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Property Details

List Price:	$3,500
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2252 Square Feet
Agency:	Keller Williams Capital Properties
Agency Phone:	(202) 243-7700

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential Lease-Single Family Residence
Year Built:	1989
Notes:	Welcome Home to this Spacious and Sunlit Gem in Waldorf, MD!<br /> <br /> Step into a beautifully designed home offering 4 bedrooms and 2.5 bathrooms, where natural light fills every corner. As you enter through the inviting foyer, you’ll find a cozy living room to your left, perfect for relaxing or entertaining. A convenient half bath is also located on this floor, just off the foyer.<br /> <br /> Continue through the home to the dining area, where you’ll discover a well-appointed kitchen to your left and an additional living space to your right. A charming fireplace elegantly divides the dining room from the secondary living area, adding warmth and character to both spaces. <br /> <br /> For added convenience, the garage leads directly into the laundry room and then into the secondary living space, making daily routines a breeze. <br /> <br /> Upstairs, the master suite awaits, complete with a walk-in closet and a private bathroom. Three additional bedrooms share a well-appointed full bathroom. A unique feature of the upper level is the open view into the secondary living room below, allowing for an abundance of natural light to brighten the home.<br /> <br /> Step outside from the kitchen onto the spacious deck, which overlooks a large backyard—ideal for hosting gatherings or simply enjoying the outdoors. <br /> <br /> Don’t miss the opportunity to make this charming and versatile home yours!
MlsNumber:	--
ListingId:	MDCH2036010

Listing Provided By:	Keller Williams Capital Properties, original listing
Phone:	(202) 750-8000
Office Phone:	(202) 243-7700
Agent Name:	Kymber Lovett-Menkiti
Disclaimer:	Copyright © 2024 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.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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