Home for Sale at 1115 Wintermead Loop, Salisbury, MD 21801

1115 Wintermead Loop
Salisbury, MD 21801

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Property Details

List Price:	$331,990
Beds:	4
Baths:	2
Status:	Active
SqFt:	1698
Agency:	D.R. Horton Homes

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	The Neuville is an enticing 1,698 square foot ranch home that offers four bedrooms, two bathrooms and a two-car garage. As you enter the inviting foyer there is a hallway that will lead you to two secondary, roomy bedrooms and a full bathroom. As you continue down the hall, the home's open-concept kitchen, great room and dining area create the ideal space to entertain or spend time with loved ones. The Neuvilles well-appointed kitchen offers plenty of cabinetry and counter space, a sizeable island with a sink and additional room for seating, a corner pantry and stainless-steel appliances. The oversized great room with an abundance of natural light flows seamlessly into the dining area. The owner's suite is privately tucked away from the great room and features a walk-in closet and a private, full bathroom with a walk-in shower. The home's fourth bedroom is strategically positioned away from the other bedrooms providing the opportunity for a home office, hobby room or playroom. The laundry room and coat closet are located near the entrance to the two-garage. Pictures, artist renderings, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Image representative of plan only and may vary as built. Images are of model home and include custom design features that may not be available in other homes. Furnishings and decorative items not included with home purchase.
MlsNumber:	41622+415-41622-416310000-0007

Listing Provided By:	D.R. Horton Homes, original listing
Name:	D.R. Horton Homes
Office Name:	D.R. Horton - Delaware
Agent Name:	Rebecca Allicock
Disclaimer:	Copyright Â© 2024 D.R. Horton. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing