The beautiful suburban town of Mount Laurel, NJ is the perfect place to begin searching for your new home! Mount Laurel is 22 square miles big. In it's borders you fan find a variety of developments and neighborhoods offering single family homes, condos, and town homes for sale. It has about 41,000 resides you currently reside in Mount Laurel. Mount Laurel is also one of the most populated towns in Burlington County. In addition the numerous housing options Mount Laurel has to offer. It also offers a number of recreation areas, numerous stores, many parks, good schools, and shopping. If you're hoping to find the perfect place to settle down in Mount Laurel, NJ I will be more than happy to help you with all of your real estate needs.
Foreclosed homes are corner of real estate many people have heard about, but know little about. Foreclosure is when payments have stopped being made on a home, it's being repossessed, the home has been abandoned, etc. These homes and properties then become bank owned properties. Better known as REOs. There are a number of advantages to looking into purchasing REOs versus purchasing a property on the normal housing market.
For one, REOs are almost always at discounted prices. This is one of the major reasons home buyers usually go for REOs. However, just because a bank owned property is lower than the marketplace prices. It does not mean you're necessarily getting a good deal on the property. Always be sure to check the prices of the surroundings homes when looking at a REO in the same area. This will give you a better idea of the price and whether you're paying appropriate amount of money for your bank owned property or not.
Another aspect many people like is that they deal directly with the bank. It's natural for people to become emotionally attached to their homes. Especially if they have lived there for a long time. However, home owners you have a sentimental attachment to their home can make it hard for you get to get possession of the property. You may also end up dealing with home owners or former home owners making it hard for you to purchase the property as well. The bank has no sentimental attachment to the properties. In most cases you can also get outstanding property taxes waived on the property if it's a bank owned property. Banks do this as an incentive to get home buyers. However, always do a title search first.
You should also always request an inspection of the property too. You have the option of requesting to see and get an inspection of the REO property before you strike a deal. This is highly recommended since the majority of REOs are not ready for people to move into. Serious work may need to be done on the property and you should know what you're getting into before purchasing a home.
Now that you have this information to make an informed decision when it comes to purchasing your own REO property. Why don't we look at some of the prime real estate in Mount Laurel?
4820b Aberdeen Dr, Mount Laurel, NJ 08054 (MLS # 6614653)
This residential flat was built in 1988. It has two beds, two full bath, and the home size is 1,434 sqft. It's the perfect opportunity to own a good unit. It has a loft including the two spacious bedrooms. The loft can be utilized as an additional bedroom, office, or play area. The kitchen has also been upgraded with plenty of counter space and additional cabinets. The living room features a beautiful fireplace and a balcony that overlooks the grounds. The master bedroom has a bathroom and a walk in closet. It's conveniently located to entertainment, major highways, and shopping.
101a Sedgefield Dr, Mount Laurel, NJ 08054 (MLS # 6600158)
An excellent residential flat that was built in 1989. There are two bed, one full bath, and the home size is 920 sqft. The condo also features upgraded cabinets, snack counter bar, ceramic tile floor, built in washer, and pendant lighting. The living room also has sliders to a concrete patio in addition to the neutral colors and upgraded carpet. The dining room features Pergo floors along with a light fixture/ceiling fan. There is a full stack dryer/washer in the utility room too. The master bedroom includes a walk in closet with light and a window bench seat. The second bedroom has an over sized double bi-fold closet as well. There is even an upgraded hall bath that include a door the master bedroom in addition to the hall entrance. Additional storage is available outside of the patio area. This condo is also close to shopping and major hallways!
25 Viburnum Ln, Mount Laurel, NJ 08054 (MLS # 6574661)
This spacious townhouse was built in 1979. It has three beds, two and a half full baths. The home size is 1,598 sqft so there's plenty of room to go around. This place does need some work, but is worth it. It's an end unit with a nice side and back yard. It's a short sale that does require a third party approval. Commission is subject to bank approval.
These are only a handful of the properties available in Mount Laurel. Be sure to check the real estate listing for even more excellent properties!