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A Quick Guide to Buying Land in Anne Arundel County Maryland - 01/24/11 09:51 AM
A Quick Guide to Buying Land in Anne Arundel County Maryland Perhaps you are thinking about building your next home instead of purchasing on that has already been constructed. Or maybe you once lived in a home that you'd like to live in again. Either way, when thinking about building versus buying there are a few things to consider as you get started. 1. Selecting Your Site Land comes in all sizes and shapes. Here in Anne Arundel County, land is still at a premium in that there isn't that many locations left to build on. This is especially true if (0 comments)
Trusted Partner or Common Thief? - 01/21/11 10:27 AM
Trusted Partner or Common Thief? The front page article that caught my attention this morning in our local newspaper read "Three indicted in escrow fraud scheme". The article by Scott Daugherty of The Capital Newspaper announced that the owner and two employees of Troese Title Services (which had an office here in Annapolis, Maryland) had been indicted on charges stemming from their misuse of escrow funds. Title companies - sometimes called settlement agents - should be trusted partners in every real estate transaction. They represent the buyers' interests in the purchase of real property. And, the title company should be there to ensure (3 comments)
Has the Waterfront Real Estate Market Stablized in Annapolis, Maryland? - 01/20/11 08:27 PM
Has the Waterfront Real Estate Market Stablized in Annapolis, Maryland? Waterfront homes in Annapolis, Arnold, Edgewater, Riva and Crownsville is about six percent (6%) of the overall residential real estate market in Anne Arundel County, Maryland. On January 20, 2011 there were 194 active waterfront listings while there were 3,161 active listings overall. The overall real estate market has just a little more than 9 months of inventory (the amount of time it would take to sell all the actively listed homes if no more were listed) but the waterfront market segment has more than 20 months of inventory. Waterfront houses (0 comments)
Why Hasn't My House Sold Yet? - 01/18/11 03:38 PM
Why Hasn't My House Sold Yet? I heard it again today from a seller "why hasn't my home sold?". I was polite. I was even patient. What I said was "homes in your neighborhood are selling for less than yours by $35,000, have you thought about dropping the price?". And after some discussion between the husband and the wife, "we will lower the price by $15,000 and we will not back off this price, no further negotiation". Even after implementing the price reduction, they would still be $20,000 over the sales price of comparable homes that have sold in the last 90 (2 comments)
A Simple Guide To Obtaining and Monitoring Your Credit Report - 01/15/11 05:50 PM
A Simple Guide To Obtaining and Monitoring Your Credit Report Before you're ready to buy a home, what's the first thing you should do? Call your REALTOR!!! No, actually obtain a copy of your credit report. Why? When you're ready to buy a home, that is the first thing your lender is going to do - pull your credit. And, your real estate professional will be asking you the dreaded question: "Are you pre-approved with a lender yet?". Even if you've already bought a home, you know what's on your credit report. Its simple to take the few simple steps needed to (0 comments)
In response to an MSNBC.COM article - Banks repossessed 1 million homes last year - and 2011 will be worse - I posted the following response: We've been very lucky in Anne Arundel County, Maryland. While other parts of the country have experienced high foreclosure rates, our local real estate market - despite nearly a 30% decline in value from the market peak in 2006-2007 - has not seen significant foreclosure actions. Less than 10% of our current active inventory are foreclosures. About 1 in 12 (7 comments)
Has the Foreclosure Market Stabilized in Anne Arundel County, Maryland? - 01/12/11 04:53 PM
Has the Foreclosure Market Stabilized in Anne Arundel County, Maryland? The foreclosure market segment continues to be a small portion of the overall residential real estate market in Anne Arundel County, Maryland. On January 12, 2011 there were 244 active foreclosure listings where there were 3,133 active listings overall. That means that there is just a little over 4 months of foreclosure inventory while there is nearly 9 months of regular residential inventory. Foreclosed homes, on average are priced 45% less than the regular inventory and sell for almost 57% less than homes are selling for overall. The table below covers the basic (0 comments)
DISA and BRAC Jobs Now Arriving at Fort Meade, Odenton, Maryland 21113 - 01/06/11 12:20 PM
DISA and BRAC Jobs Now Arriving at Fort Meade, Odenton, Maryland, 21113 Ben Weathers at The Capital Newspaper reported this morning (January 5, 2010) that with Fort Meade jobs on the way and thousands of jobs transferring, local area road projects are still many months away from completion. Traffic congestion around the Ft. Meade area may be a negative by-product of the Defense Information Systems Agency (better known as DISA) move to the base in Odenton, Maryland, but, a surge in the demand for local housing should prove beneficial to the area. So, demand for housing this spring should be strong, especially (0 comments)
Coldwell Banker Market Watch - January 2011 - 01/05/11 10:27 AM
IS 2011 THE YEAR OF RECOVERY? Coldwell Banker Residential Brokerage As we kick-off the new year and make resolutions to keep our resolutions, one question is still at the forefront of many minds. Will the housing market and the economy overall improve in 2011? Depending on what you're reading or who you're watching, the opinions of economists and real estate industry watchers are varied. It's not easy to predict what the market will do in the coming year, especially without the help of a crystal ball. However there are some key indicators to follow. Most agree that the housing market recovery (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.