Can I Get a Steal In the Frederick Real Estate Market in 2009?

There are always savvy buyers and investors asking the question, "Can I get a steal?"  Our answer is usually, "It depends."  It depends on your definition of a steal.  Can you get something 20% below market?  Yes, but do you mind putting some work into it?  If you don't, this is your market.  There are many REO's (Bank-owned, foreclosures) on the market at incredible prices.  But you have to be ready to jump when you find one.  Take this one, for example:

822 Apache Court  This house was listed for $399,000 last year, then went into foreclosure.  It was listed on January 8, for $216,000, and sold in 9 days.  This was a steal.  Yes, the steals are out there, if you can move on them quickly.
 

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              The Highland Real Estate Group                      
                           Chris & Karen Highland 
               Frederick County MD Real Estate Agents
            Specializing in Frederick County Real Estate 
                                 301-831-9947
                          Real Estate Teams, LLC
                            isell4u2@msn.com 
                           Pictures of Frederick