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first time buyer: Prince Georges County Maryland Housing Market Improves - 04/14/09 09:05 AM
Those of us who own Laurel real estate, got some good news recently.  In Prince Georges County Maryland, more homes sold in April of 2009 than in April 2008.  In fact, it was just over a ten percent increase.
Average sold price was down below $250,000 and so was the medium sold price.  You can get more information on my Laurel real estate blog.
The bottom is in sight.  The market will stabelize and then hopefully increase at normal rates.  I believe this will happen some time in the next six months.
Falling prices, low interest rates and great government incentives … (1 comments)

first time buyer: Another Sign The Bottom Is Near - 03/24/09 07:50 AM
Home sellers in Laurel Maryland take heart.  The bottom is on the horizon.
I have always told my buyers and sellers that when first time home buyers can afford a decent home on a $50,000 a year salary, that is when the market will have bottomed out. 
An article in the Wall Street Journal has confirmed my theory.  The article stated that existing home sales increased over five percent in February.  The reason for the increase were first time home buyers.
Ok lets review again why now is the bets time to buy.
low interest rates housing inventory shrinking government incentives … (1 comments)

first time buyer: OK First Time Home Buyers In Laurel Maryland Lets Go Over The Reasons To Buy Now - 02/24/09 01:13 PM
If you are considering buying a home in the Laurel Maryland area, now is the time to buy. 
Home prices are low Interest rates are low $8000 Tax Credit Foreclosure incentives Shrinking home inventories Let me explain that last one.  It is very important.  Did you know the amount of homes for sale is shrinking?  Thats right, there are less homes to choose from than a couple of months ago.  Less homes for sale is good for sellers, not buyers.  This shrinking inventory is yet another indication the bottom of the market is near or already passed.
Why is the amount … (0 comments)

first time buyer: Over Half The Sales In Laurel MD Were Distress Sales - 12/06/08 09:28 AM
There is a suprising statistic in Laurel real estate.  Almost half the sales in Laurel MD over the last thirty days have been either a foreclosure or a short-sale.  Twenytone homes sold in Laurel MD. Ten of the sales were either a foreclosure or a short-sale.  That is almost fifty percent!
Buyers, in Laurel MD, need to be prepared to buy a distress sale.  Most of the time a foreclosure is a good deal.  Just remember that the price you pay for the property may be its true worth.  By this, I mean you may not be buying a home below the market value.  … (0 comments)

first time buyer: Important Information For First Time Home Buyers - 11/13/08 07:29 AM
A deadline is fast approaching for first time home buyers of Laurel real estate.  This deadline affects anyone seeking to buy Maryland real estate.
The loan limits for FHA have been announced. Any loans under the temporary limits must close by the end of December.  January 1, 2009 the new loan limits will go in to effect.  Anything over $417,000 will be considered "FHA JUMBO" for pricing.  Don't forget that the down payment is also increasing to 3.5%.
Currently on FHA loans, the buyer only needs to contribute a total of 3.0% towards the purchase of their first home.  If you … (0 comments)

 
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Brien Berard Maryland Real Estate Agents Laurel real estate

Laurel, MD

More about me…

Remax Professionals Laurel MD

Address: Brien Berard Remax Professionals, 13994 Baltimore Ave, Laurel, Md, 20707

Office Phone: (301) 490-5400

Email Me

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