Bethesda, MD Foreclosure Homes for Sale

Are you in the market for a new home in Bethesda, Maryland? Have you considered purchasing a foreclosure property? Foreclosure homes can often be a great investment opportunity for homebuyers looking for a deal. In this article, we'll explore the ins and outs of buying a foreclosure property in Bethesda, MD, including the benefits and potential drawbacks.

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Bethesda Homes for Sale112 Properties

Address Beds Baths Sq.Ft. Price(%Chng) $/Sq.Ft. On Site
10509 Montrose Ave #203 Bethesda,  MD 20814 10509 Montrose Ave #203
Bethesda, MD 20814
3 1 1,061 $350,000 $329.88 24 days
4504 Middleton Ln Bethesda,  MD 20814 4504 Middleton Ln
Bethesda, MD 20814
4 4 3,582 $1,849,990 $516.47 10 days
5511 Alta Vista Rd Bethesda,  MD 20814 5511 Alta Vista Rd
Bethesda, MD 20814
4 3 2,228 $990,000 $444.34 7 days
5913 Madawaska Rd Bethesda,  MD 20816 5913 Madawaska Rd
Bethesda, MD 20816
7 7 5,733 $2,795,000 $487.53 4 days
5105 Wehawken Rd Bethesda,  MD 20816 5105 Wehawken Rd
Bethesda, MD 20816
6 6 6,526 $2,600,000 $398.41 4 days
4801 Fairmont Ave #302 Bethesda,  MD 20814 4801 Fairmont Ave #302
Bethesda, MD 20814
1 1 618 $330,000 $533.98 4 days
7606 Granada Dr Bethesda,  MD 20817 7606 Granada Dr
Bethesda, MD 20817
6 7 5,461 $2,999,000 $549.17 4 days
9713 Bellevue Dr Bethesda,  MD 20814 9713 Bellevue Dr
Bethesda, MD 20814
5 3 3,227 $1,099,900 $340.84 13 days
9224 E Parkhill Dr Bethesda,  MD 20814 9224 E Parkhill Dr
Bethesda, MD 20814
4 5 3,103 $849,999 $273.93 8 days
5705 Northfield Rd Bethesda,  MD 20817 5705 Northfield Rd
Bethesda, MD 20817
4 5 3,300 $1,549,000 $469.39 6 days
4915 Hampden Ln #302 Bethesda,  MD 20814 4915 Hampden Ln #302
Bethesda, MD 20814
2 3 1,925 $1,645,000 $854.55 5 days
7405 Arlington Rd #103 Bethesda,  MD 20814 7405 Arlington Rd #103
Bethesda, MD 20814
2 2 1,188 $748,000 -0.3% $629.63 5 days
4517 Harling Ln Bethesda,  MD 20814 4517 Harling Ln
Bethesda, MD 20814
4 3 2,135 $1,350,000 $632.32 5 days
2 Buttonwood Ln Bethesda,  MD 20816 2 Buttonwood Ln
Bethesda, MD 20816
5 4 3,873 $2,225,000 $574.49 9 days
8910 Battery Place #6 Bethesda,  MD 20814 8910 Battery Place #6
Bethesda, MD 20814
1 2 883 $499,997 $566.25 6 days
7100 Oak Forest Ln Bethesda,  MD 20817 7100 Oak Forest Ln
Bethesda, MD 20817
6 5 2,362 $1,500,000 $635.06 6 days
7000 Bradley Blvd Bethesda,  MD 20817 7000 Bradley Blvd
Bethesda, MD 20817
6 5 3,900 $2,150,000 $551.28 11 days
9707 Old Georgetown Rd #2317 Bethesda,  MD 20814 9707 Old Georgetown Rd #2317
Bethesda, MD 20814
2 2 992 $539,900 $544.25 8 days
7516 Persimmon Tree Ln Bethesda,  MD 20817 7516 Persimmon Tree Ln
Bethesda, MD 20817
5 4 4,223 $1,695,000 $401.37 9 days
10008 Fleming Ave Bethesda,  MD 20814 10008 Fleming Ave
Bethesda, MD 20814
5 5 4,414 $1,925,000 $436.11 37 days
8605 Darby Place Bethesda,  MD 20817 8605 Darby Place
Bethesda, MD 20817
5 4 4,526 $1,895,000 $418.69 20 days
5225 Pooks Hill Rd #1409N Bethesda,  MD 20814 5225 Pooks Hill Rd #1409N
Bethesda, MD 20814
1 1 981 $190,000 $193.68 18 days
7401 Westlake Terrace #711 Bethesda,  MD 20817 7401 Westlake Terrace #711
Bethesda, MD 20817
2 2 1,120 $339,000 $302.68 11 days
8404 Bradley Blvd Bethesda,  MD 20817 8404 Bradley Blvd
Bethesda, MD 20817
5 6 6,200 $2,099,900 $338.69 18 days
9408 Old Georgetown Rd Bethesda,  MD 20814 9408 Old Georgetown Rd
Bethesda, MD 20814
7 4 3,630 $1,620,000 $446.28 14 days
4915 Hampden Ln #G7 Bethesda,  MD 20814 4915 Hampden Ln #G7
Bethesda, MD 20814
1 1 620 $520,000 $838.71 12 days
6929 Renita Ln Bethesda,  MD 20817 6929 Renita Ln
Bethesda, MD 20817
5 6 5,393 $2,099,995 $389.39 13 days
7102 Exeter Rd Bethesda,  MD 20814 7102 Exeter Rd
Bethesda, MD 20814
4 6 3,894 $2,900,000 $744.74 13 days
4808 Moorland Ln #814 Bethesda,  MD 20814 4808 Moorland Ln #814
Bethesda, MD 20814
1 1 532 $399,900 $751.69 13 days
5902 Jarvis Ln Bethesda,  MD 20814 5902 Jarvis Ln
Bethesda, MD 20814
4 3 4,148 $1,650,000 $397.78 22 days
6504 River (Service Rd) Rd Bethesda,  MD 20817 6504 River (Service Rd) Rd
Bethesda, MD 20817
7 6 7,758 $2,495,000 $321.60 18 days
8606 Rayburn Rd Bethesda,  MD 20817 8606 Rayburn Rd
Bethesda, MD 20817
6 7 5,776 $2,450,000 $424.17 25 days
5303 Mckinley St Bethesda,  MD 20814 5303 Mckinley St
Bethesda, MD 20814
5 6 5,920 $2,745,000 $463.68 18 days
8225 Osage Ln Bethesda,  MD 20817 8225 Osage Ln
Bethesda, MD 20817
5 4 3,737 $1,499,900 -9% $401.36 19 days
8224 Burning Tree Rd Bethesda,  MD 20817 8224 Burning Tree Rd
Bethesda, MD 20817
5 4 4,150 $2,600,000 $626.51 19 days
5909 Aberdeen Rd Bethesda,  MD 20817 5909 Aberdeen Rd
Bethesda, MD 20817
5 5 5,623 $2,999,000 $533.35 189 days
6009 Walton Rd Bethesda,  MD 20817 6009 Walton Rd
Bethesda, MD 20817
5 5 4,655 $2,050,000 $440.39 41 days
6908 Ayr Ln Bethesda,  MD 20817 6908 Ayr Ln
Bethesda, MD 20817
6 8 7,541 $4,395,000 -2.3% $582.81 26 days
9504 Wadsworth Dr Bethesda,  MD 20817 9504 Wadsworth Dr
Bethesda, MD 20817
5 3 3,700 $1,399,000 $378.11 25 days
5225 Pooks Hill Rd #1319S Bethesda,  MD 20814 5225 Pooks Hill Rd #1319S
Bethesda, MD 20814
1 1 981 $225,000 $229.36 20 days
7527 Hampden Ln Bethesda,  MD 20814 7527 Hampden Ln
Bethesda, MD 20814
5 8 7,882 $7,800,000 $989.60 304 days
6825 Newbold Dr Bethesda,  MD 20817 6825 Newbold Dr
Bethesda, MD 20817
5 6 5,794 $2,095,000 $361.58 21 days
8805 Ridge Rd Bethesda,  MD 20817 8805 Ridge Rd
Bethesda, MD 20817
4 5 3,882 $1,879,000 $484.03 29 days
5602 Grosvenor Ln Bethesda,  MD 20814 5602 Grosvenor Ln
Bethesda, MD 20814
5 4 4,108 $1,629,000 $396.54 25 days
4505 Cheltenham Dr Bethesda,  MD 20814 4505 Cheltenham Dr
Bethesda, MD 20814
3 2 1,100 $1,620,000 $1,472.73 25 days
4977 Battery Ln #1-G2 Bethesda,  MD 20814 4977 Battery Ln #1-G2
Bethesda, MD 20814
2 1 1,144 $249,500 $218.09 47 days
5810 Ipswich Rd Bethesda,  MD 20814 5810 Ipswich Rd
Bethesda, MD 20814
5 5 5,500 $2,099,000 -4.5% $381.64 26 days
5812 Phoenix Dr Bethesda,  MD 20817 5812 Phoenix Dr
Bethesda, MD 20817
5 5 5,095 $1,880,000 -5% $368.99 26 days
7425 Democracy Blvd #15 Bethesda,  MD 20817 7425 Democracy Blvd #15
Bethesda, MD 20817
2 2 1,227 $339,000 $276.28 25 days
6405 Dahlonega Rd Bethesda,  MD 20816 6405 Dahlonega Rd
Bethesda, MD 20816
5 6 6,540 $3,395,000 -2.9% $519.11 41 days
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Understanding Foreclosure Homes

Before diving into the specifics of buying a foreclosure home in Bethesda, it's important to understand what a foreclosure property is. A foreclosure occurs when a homeowner defaults on their mortgage payments and the lender takes legal action to repossess the property. Once the foreclosure process is complete, the lender will typically sell the property to recoup their losses.

Benefits of Buying a Foreclosure Home in Bethesda, MD

There are several benefits to consider when it comes to purchasing a foreclosure home in Bethesda. First and foremost, foreclosure properties are often priced lower than other homes on the market. This can be a great opportunity for homebuyers looking to purchase a property at a lower cost.

Another potential benefit of purchasing a foreclosure property is the opportunity to build equity quickly. If the home is purchased at a lower price and the market improves, the value of the property may increase, allowing the homeowner to build equity more quickly.

Potential Drawbacks of Buying a Foreclosure Home in Bethesda, MD

While there are several benefits to purchasing a foreclosure property, there are also potential drawbacks to consider. Foreclosure properties are often sold as-is, meaning that the buyer will be responsible for any repairs or renovations needed. This can add to the overall cost of purchasing the property.

Additionally, buying a foreclosure property can be a lengthy and complex process. Buyers will need to work closely with a real estate agent and potentially a lawyer to ensure that the process goes smoothly.

Steps to Buying a Foreclosure Home in Bethesda, MD

If you're interested in purchasing a foreclosure home in Bethesda, there are several steps you'll need to take. These include:

Step 1: Determine your budget

Before beginning your search for a foreclosure property, it's important to determine your budget. Take into account the cost of the property, any repairs or renovations that may be needed, and closing costs.

Step 2: Work with a real estate agent

It's important to work with a real estate agent who has experience in selling foreclosure properties. They can help you navigate the process and find properties that meet your needs.

Step 3: Get pre-approved for a mortgage

Getting pre-approved for a mortgage can help streamline the process and ensure that you're able to purchase the property you want.

Step 4: Research properties

Once you've determined your budget and worked with a real estate agent, you can begin researching properties that meet your needs. Be sure to take into account the condition of the property and any repairs that may be needed.

Step 5: Make an offer

Once you've found a property/home that you're interested in, it's time to make an offer. Your real estate agent can help guide you through this process and negotiate on your behalf.

Step 6: Complete the purchase

If your home purchase offer is accepted, you'll need to complete the purchase of the property. This will involve a home inspection, title search, and closing.

FAQs

1. How do I find foreclosure homes for sale in Bethesda, MD?

You can search for foreclosure homes on websites such as Zillow or Trulia, or work with a real estate agent who specializes in selling foreclosure properties.

2. Are foreclosure homes in Bethesda, MD a good investment?

Foreclosure homes can be a good investment opportunity for homebuyers looking for a deal. However, it's important to weigh the potential benefits and drawbacks of purchasing a foreclosure property and to work with a knowledgeable real estate agent.

3. What are the risks of buying a foreclosure property in Bethesda, MD?

One of the biggest risks of purchasing a foreclosure property is that it is often sold as-is, meaning that the buyer may be responsible for any repairs or renovations needed. Additionally, the foreclosure process can be lengthy and complex, and buyers may encounter unexpected issues during the purchase process.

4. Can I finance the purchase of a foreclosure home in Bethesda, MD?

Yes, it is possible to finance the purchase of a foreclosure home in Bethesda, MD. However, buyers should be aware that lenders may require additional inspections or appraisals due to the condition of the property.

5. How long does it typically take to purchase a foreclosure property in Bethesda, MD?

The timeline for purchasing a foreclosure property can vary depending on a number of factors, including the condition of the property, the complexity of the purchase process, and the buyer's financing situation. In general, however, it can take several months to complete the purchase of a foreclosure property in Bethesda.

Conclusion

Purchasing a foreclosure home in Bethesda, MD can be a great opportunity for homebuyers looking for a deal. However, it's important to weigh the potential benefits and drawbacks of buying a foreclosure property, and to work closely with a knowledgeable real estate agent. By following the steps outlined in this article, homebuyers can successfully navigate the process of purchasing a foreclosure property in Bethesda, MD.