real estate: How to Buy Your First Home (Columbia Maryland) - 03/05/10 07:07 AM
How to Buy Your First Home... the Easy Way!
Buying a residence can be a hair raising experience, a roller coaster of emotions as you try to find the right place, secure the loan and finally move in.
For most of us, the first time home purchase is the largest investment we've ever considered. The emotions of buying something so expensive and personal can often cloud our business judgment.
Most home purchasers do little or no research before they invest their nest egg. Doesn't it make sense to become as completely informed as possible before you buy your first home? This … (1 comments)
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real estate: Real Estate Update - 07/31/08 12:44 PM
Nursing the market
Freddie Mac today told mortgage servicers it was doubling the amount of money it pays for each workout that keeps a delinquent borrower with a Freddie Mac-owned mortgage out of foreclosure.
This may be the beginning of a recovery. Freddie Mac also announced it would start reimbursing servicers for the cost of door-to-door outreach programs, give servicers more time to negotiate workouts in states with fast foreclosure processes, and make administrative changes intended to streamline the workout process.
Meanwhile home seller as starting to take their homes off the market... Sellers are deciding not to be … (1 comments)
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real estate: In The News - 07/30/08 05:34 PM
BIG NEWS FOR THE HOUSING INDUSTRY: President Bush signed the new housing rescue bill into law this morning.
Some of the highlights of the bill are:
v Assistance will be given to people who are trying to stave off foreclosure
v Tax refund will be given to first time homebuyers
v Ban on down payment assistance from sellers on FHA loans
v Helping save Fannie Mae and Freddie Mac
I will post updates as they occur.
Frank Harris
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real estate: Steps to Buying a Home - 07/17/08 09:38 AM
Find your home.
You may think that shopping for homes starts with jumping in the car and driving all over town. And it's true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long - if weeks go by without finding what you're looking for, the fun can fade pretty fast. That's why we say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms.
Questions to ask yourself
What do I … (0 comments)
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real estate: Steps to Buying a Home - 07/17/08 09:35 AM
Secure financing.
While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment.
From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.Six steps to Financing a Home
Choose a loan officer (or mortgage specialist). Make a loan application and get preapproved. Determine what you want to pay and select a loan option. Submit to the lender an accepted purchase offer contract. … (0 comments)
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real estate: Steps to Buying a Home - 07/17/08 09:21 AM
Hire your agent.
The typical real estate transaction involves at least two dozen separate individuals - insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer's agents, seller's agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout.
Seven main roles of your real estate agentA … (0 comments)
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real estate: BENEFITS OF COMPETITIVE PRICING - 07/06/08 09:07 PM
BENEFITS OF COMPETITIVE PRICING: More Salesperson & Buyer Enthusiasm: Salespeople and buyers are often excited about competitively priced properties. There will be greater interest from more people and that may trigger competitive bidding.
Shown to Sell, NOT Just Compare: The property will be shown by other agents with the intention of buying the property, and not just comparing it with a similar home down the street that is a better deal.
Faster Sale: Competitively priced properties just sell much faster than overpriced ones. If time is a factor to sellers, which it should be, there is no refuting this … (0 comments)
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real estate: Your property is overpriced! Boo Hoo - 05/02/08 08:47 PM
I recently had a woman call and leave a message on my answering service... The message said are you crazy, have you seen the comps your property is priced too high. I called her back to see if she would like some information on the property. I asked her, have you seen the property? No, was the answer. I promptly reminded her that if a homes seems overpriced you are always welcome to make an offer, assuming you have seen the home... remember the buyer dictates the true price, she hung up.
I know the market is tight but being rude and uneducated … (8 comments)
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real estate: What is a HUD1? - 03/23/08 09:07 PM
I was recently asked what the heck is a HUD 1- Here is a quick definition
HUD-1 Settlement StatementA document that provides an itemized listing of the funds that are payable at closing. Items that appear on the statement include loan fees, points, and initial escrow amounts, and other fees. The totals at the bottom of the HUD-1 statement define the seller's net proceeds and the buyer's net payment at closing. The form for the statement is published by the Department of Housing and Urban Development (HUD). The HUD-1 statement is also known as the "closing statement" or "settlement sheet."
It took awhile … (0 comments)
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real estate: Time To Buy a Home - 03/19/08 01:34 PM
Fed steps in and cuts againBernanke pulls out all the stops to ailing economy The Federal Reserve significantly cut rates today for the sixth straight time since September. This follows a busy weekend where the Fed also extended its hand to Wall Street, bailing out Bear Stearns with JP Morgan Chase. While rate cuts look good at face value, you need to prepare for what's to come.
Why did they do this?The Fed wants you to start spending money and wants to boost consumer and Wall Street confidence. Consumers are under stress with increasing consumer prices and a slowing housing market. … (0 comments)
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real estate: Short Sale-May Prevent Foreclosure - 03/13/08 01:16 PM
A Way to Avoid Foreclosure
Why would a lending institution accept less than what it is owed from a homeowner. Don't they lose money that way? Well, yes and no.The short sale is most often used as a way to avoid foreclosure on a home. As the name "short sale" implies, it's a way to sell the home quickly when the homeowner is in financial trouble and facing foreclosure. Thus, the short sale is one of several ways a homeowner can avoid foreclosure on the home.Mortgage lenders will also want to avoid foreclosure, as much as possible. Lenders are in the business … (1 comments)
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real estate: It's a Great Buyers Market - 09/02/07 05:38 PM
Attention all Home Buyers
Please do not be frightened by the recent mortgage commotion. Rates are still wonderful and guess what for all those who was pushed out of the market in the past three years, here is your chance to purchase a home at a great price. This is also a great time to purchase investment properties. My investor clients are doing great. So get off the fence and into the action, you will be pleasantly surprised.
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real estate: Baltimore County Market Report - 08/29/07 04:02 PM
Baltimore County currently took a turn from Seller's Market. Though home prices are stagnant on a slight increase but sales have slowed. The average days on the market have raised from a few weeks to 2 to 3 months. It indicates to be the buyers market. The median price for a Baltimore County home is on the rise. New home prices have increased by OVER $30,000. You can buy a 3+ BR HOME IN BALTIMORE for under $300,000. Not to shabby for a new built home.
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real estate: Economic Calender - 08/28/07 10:03 PM
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of August 27 - August 31
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real estate: Glen Oaks Home Market Report in Columbia Maryland - 08/16/07 05:38 AM
The Glen Oaks has stayed active and Steady. There were 3 homes sales within the last month.There are 3 current active listings and no current contracts. Glen Oaks is a small community that has a mixture of townhomes and Single family residences. Curren home listings are between $170k and 1.4m.
Look for a complete report n the end of each and every month.
The Glen Oaks Market Report by Frank Harris- Real Estate Consultant 240.472.9008
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real estate: Village of Owen Brown - 07/17/07 10:21 PM
Village of Owen Brown Market Report
The Village of Owen Brown has stayed active and busy. There were 42 homes sales within the last 6 months.
There are 58 current active listings and 7current contracts. Owen Brown has a mixture of townhomes and Single family residences.
* The Owen Brown Market Report by Frank Harris- Real Estate Consultant 240.472.9008
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real estate: The Village of Harpers Farm Home Report - 07/16/07 07:13 PM
Village of Harpers Farm in Columbia Maryland
The Village of Harpers Farm has stayed active and busy. There were 18 homes sales within the last 6 months.
There are 32 current active listings and 5 current contracts. Harpers Farm has a mixture of townhomes and Single family residences.
* The Harpers Farm Home Report by Frank Harris- Real Estate Consultant 240.472.9008
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real estate: Kings Contrivance Columbia Maryland - 07/16/07 06:57 PM
The Village of Kings Contrivance Market Report
The Kings Contrivance sub-division has stayed active and busy. There were 38 sales within the last 6 months.
There are 34 current active listings and 7 current contracts. Kings Contrivance has a mixture of townhomes and Single family residences.
* The Kings Contrivance Home Report by Frank Harris- Real Estate Consultant 240.472.9008
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real estate: Glen Oaks in Columbia Maryland - 07/16/07 06:20 PM
Market Report/Glen Oaks in Columbia Maryland
There are currently 3 homes for sale ranging from $249,900 to $315,000.
These are all 2 and 3 bedroom townhomes.
There are 2 homes under contract.
Five recent home sales in the Glen Oaks sub-division.
A total of 10 homes having activity.
*Market Report provided by Frank Harris (Real Estate Consultant) 240.472.9008
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real estate: 828 Highland Ave, Baltimore Maryland - 07/15/07 11:55 AM
Canton Home
VIEWS OF THE CITY AND WATER FROM ROOF-TOP SKY DECK/ HANDSOME HARDWOOD FLOORS THROUGHOUT/BRICK FIREPLACE/ BEAUTIFUL BLOCK GLASS WINDOWS/GORGEOUS CUSTOM KITCHEN WITH GRANITE COUNTERS, STAINLESS STEEL APPLIANCES & POT FILLER/ CUSTOM BATHROOMS W/DESIGNER TILE AND FIXTURES/ RECESSED LIGHTING THROUGHOUT/ FINISHED BASEMENT /INTERCOM w/STEREO SYSTEM/DUAL HVAC/CROWN MOULDING.
This home is a must see, it is close to I-95/70 and 695 and just a few blocks from the water. The seller is also contributing closing cost assistance.
Virtual Tour
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