Montgomery County Foreclosure Bus Tour

This Saturday, May 3rd from 9 am to 3 pm, Long and Foster is offering their first ever "Foreclosure Bus Tour" around Montgomery County.

My favorite home inspector Richard Rashke of US Inspect is going to be the on-bus inspection expert.

If you would like to attend the bus tour, please let me know ASAP at Michael@RealAstute.com or by calling me at 202-369-9821.

Read more about the tour in the official press release here:
LONG & FOSTER FORECLOSURE BUS TOUR MAY 3

Silver Spring, MD (April 23, 2008) – Long & Foster’s Downtown Silver Spring Office is leading a series of foreclosure bus tours with the first tour scheduled for Saturday, May 3, at 9:00am to 3:00 pm. The tour will focus primarily on single family homes in Montgomery County, Maryland.

The tour will begin and end at the Long & Foster office at 8701 Georgia Avenue in Silver Spring. The office is just 3 blocks from the Silver Spring/Red Line Metro station, and there is plenty of free parking close at hand. Future tours will focus on Prince Georges County and the District of Columbia.

“First-time homebuyers certainly can afford a detached home in Montgomery County – they just need to know where to look,” asserts Michael McGreevy, manager of Long & Foster’s Silver Spring Downtown office. “Our tour will feature 8-10 area homes, primarily bank foreclosures, which are listed from the low $300’s.” The market is full of opportunities for all level of buyers and this bus trip will highlight just some of those. Purchasing today while the inventory is high and the interest rates are low allows buyers to build equity towards trading up in the market at a later date.

In addition to actually visiting properties available for purchase, participants will spend time with mortgage lenders, home inspectors, settlement attorneys, and other key players in the industry. “The tour will be a home-buyer’s seminar on wheels,” points out Arelis A. Pérez, an experienced Long & Foster sales associate. “Tour participants may question the industry experts as they tour the properties, and as they travel from one property to another.”

“Bank-owned properties present a unique opportunity for the informed home-buyer,” adds Debra Hinkle, another experienced Long & Foster sales associate spearheading the tour. “Some of these homes are only in need of primarily cosmetic repairs – the kind that can be performed with little or no construction renovation experience.” Bank-owned and foreclosure properties are offered strictly in “as-is” condition, so buyers should expect no repairs to be made by the seller.

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Again, to attend the tour, just email me at Michael@RealAstute.com or call at 202-369-9821. And as always, for all your real estate needs do not hesitate to contact me at any time!

Michael