Home prices today in Howard County are absolutely stunning in terms of the “reality gap.”  Roughly 40% of Howard County homes for sale are priced at least 15-25% above where they belong.  At the other extreme, about 2-3% of Howard County homes for sale are significantly under priced, some by as much as $50,000 to $200,000 under priced. 

Often as I scan the Realtor® MRIS system I come across some amazing bargain homes for sale in Howard County. Yeah, they can be ‘beat up’ a bit in terms of cosmetics – but wouldn’t you be willing to paint and carpet a $300,000 home for, say, an $85,000 discount?!

So, I’ve decided to launch a “Top 10 Howard County Home Bargains” section to my blog.  Roughly once a week I will scan the MRIS system for the most amazing, under-priced bargains I can find.  Some will be homes in top condition, where the seller just wants to “get out fast.” More often they will be Howard County foreclosures, or bank-owned, or short sales, which typically need “some work.” 

But, hey, if you can paint some bedrooms and get new carpet installed… and save $85,000 off the price in the process… why the heck not?!

One bargain I recently found (pic  below) is a 3 bedroom, 2 full bath townhome in Columbia!  This home sold in June 2006 for $285,00. At today’s values I’d expect to see a discounted price tag around $235,000, so you can imagine my shock when I saw an asking price of just $159,900!  Prices may be down about 19% from their peak, but this is a 44% discount.

I’ll post other homes soon, but if you can’t wait just visit JohnAndAngela.com and request by email our list of “Top 10 Howard County Home Bargains.”

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