May 2009 - Posts
Downtown, Frederick - Announcing a price reduction on 126 W. All Saints Street, a 2,200 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $299,900 - New Low Price!. Property information
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In the information age, the consumer is more aware and educated than ever before. But sometimes the sheer amount of information can render the most thoughtful person helpless. How to filter all of this information is crucial to a Frederick Home Seller
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Yes, I heard this the other day, from a buyer who had heard it from a Realtor. First of all, there are laws that dictate the timeline by which banks must proceed when foreclosing on a home. Each state has its own laws. In Maryland, the lender must wait
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A buyer recently asked us asked how she would go about buying her brother’s house which was a short sale. We had to tell her its not possible. A short sale must be an arm’s-length transaction . An arm’s-length transaction is one which
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With the large number of foreclosures on the Frederick market, some fantastic deals are out there for the picking. The trouble is, once a buyer comes up with the down payment and the closing costs, what if the house needs work, as many REO properties
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Selling your home in a short sale has several aspects that are different from a traditional sale. The pitfalls you can run into on a short sale are different as well. 1. The most common mistake is that the agent does not submit the deal properly. There
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Real estate market statistics for April 2009 for sales activity in Urbana MD have been published.* Here is the synopsis: Urbana 2009 2008 % Change Avg. Price $414,154 $360,900 +15% Median Price $400,000 $350,000 +14% DOM (days on market) 268 232 +16%
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Real estate market statistics for April 2009 for sales activity in Middletown MD have been published.* Here is the synopsis: Middletown 2009 2008 % Change Avg. Price $294,143 $388,040 -24% Median Price $285,000 $392,500 -27% DOM (days on market) 125 207
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Real estate market statistics for April 2009 for sales activity in Walkersville MD have been published.* Here is the synopsis: Walkersville 2009 2008 % Change Avg. Price $190,800 $253,195 -25% Median Price $145,875 $262,640 -44% DOM 68 133 -49% # homes
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Real estate market statistics for March 2009 for sales activity in New Market MD have been published.* Here is the synopsis: New Market 2009 2008 % Change Avg. Price $322,600 $393,550 -18% Median Price $321,700 $338,500 -5% DOM 195 88 -12% # homes sold
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Real estate statistics for March 2009 in the Mt. Airy real estate market have been published.* Here is the synopsis: Mt. Airy 2009 2008 % Change Avg. Price $366,000 $407,225 -10% Median Price $320,000 $442,500 +28% DOM 90 147 -39% # homes sold 15 14 +7%
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The real estate market reports are out from MRIS* for Frederick County sales in April. Here are the highlights: Average Sold Price: 2009: 259,424 2008: 322,660 -20% Median Sold Price: 229,325 289,900 -21% Total Sold: 203 185 +10% Average Days on Market:
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Great House - Great Location! • 2,244 sq. ft., 3 bath, 3 bdrm 3 story - MLS® $215,000 Overlea, Montgomery Village - Great end unit Townhouse with many updates! Newer kitchen including cabinets, glass top range, dishwasher, counter tops, tile
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Nothing could be further from the truth! · Are short sales more difficult? Yes. · Do you need to learn a new process? Yes. · Are they impossible? No! Chris Highland is a Certified Distressed Property Expert (CDPE) who has undergone
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The Frederick Real Estate Market is loaded with good deals this Spring. Estimates are that 30% of the homes listed for sale are short sales or foreclosures, what we call distressed sales. Most of these homes can be purchased for 20% below market, (which
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The NATIONAL ASSOCIATION OF REALTORS ® says more than 50 percent of home sales in March involved first-time buyers. Many took advantage of the short sales and foreclosed homes (that make up about 1/3 of our local real estate market.) Experts believe
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