Germantown Town Homes & Condos Are a Hot Item!
With the first time home buyers tax credit expiration date coming to an end April 30th, the Germantown housing market has become very aggressive. A large number of my clients are first time home buyers and desire either TH or newer condo. Typically, these buyers would like their monthly payment to be at or around $1500 a month with all taxes, fees , and insurance included. This would make their price cap about $200,000. Contact a Loan Officer for greater pricing details.
It is possible to obtain a town home or newer/updated condo in that price range, but trust me, there will be competition. Germantown homes in this price range do not stay on the market long and more often then not there are multiple offers to compete with. On numerous occasions over the past year I have written up to 10 offers for one particular buyer in this price range because they may have been out-bid on other properties by other anxious buyers. Now, with a final push to have a ratified contract before April 30th, the market is more competitive then ever.
If you would like more information or are looking in this range, contact a local Germantown Agent who knows the market and can guide you to a successful offer. It is also imperative to have an official MLS search set up as I spoke about in my last blog.