Buy a home in the City of Bowie and receive a $2,000 grant if you’re a police officer, city employee or teacher.
You can find a real bargain in Belair at Bowie. Some models are selling as much as $50–$75,000 below what they did only two years ago. I have a beautiful listing that settles this week at just $275,000 – an owner occupied rancher with a huge addition, updated kitchen and baths, new windows and more. That’s lower than the price of most townhones in nearby Crofton, Gambrills or Odenton.
In fact, there are more than 500 homes for sale in Greater Bowie right now, including 107 in the nearby 20715 zipcode. They range from $160,000 for a townhome in Belair Town to $639,000 for a home in Saddlebrook West. My son and his family live in Belair at Bowie, and they love their local school - not to mention the shorter commute to Arlington than they had from Crofton.
Bowie is collaborating with the Prince George’s County Council and the Maryland Department of Housing to offer the City Workforce and Bowie First programs. These will provide $1,000 in closing assistance to eligible home buyers, and the Maryland Mortgage Program will provide matching funds for a total of $2,000.
You can search Bowie Homes for Sale by clicking on the link provided, and then let me know if you’d like to inspect the interior of anything you see there. You’ll find a wide range of homes including both owner-occupied homes and bargain-basement priced foreclosures, short sales and REO’s. (To learn the difference, check out this YouTube video: Real Estate Distress Sales Described)
Congratulations to the City of Bowie for reaching out to prospective homebuyers and making it easier for them to afford a Bowie home.
And congratulations to eligible Bowie homebuyers who enjoy a rare opportunity to get $2000 through these programs PLUS the Federal Tax Credit of $8,000.
Funds will be awarded on a first-come first-serve basis, so get started now. For more information, contact the City Grants Administrator at City Hall (301-809-3072) or print out one of these applications:
- Bowie First Mortgage Assistance Grant - Application & Information (Police and Teachers)
- City Workforce Mortgage Assistance Grant - Application & Information (City Employees)
Copyright 2006-13. Margaret Woda. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
Margaret Woda, REALTOR & Associate Broker
Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114
Direct: (410) 451-6245 or click on EMAIL