Last week Crofton MD had three houses go to settlement. Once again, two of the settlements were in the $200,000 to $300,000 price range, which is the sweet spot for first time home buyers. The third house was more than likely a move up priced at $539,900.
So what did last week tell us about potential future settlements? Three houses in Crofton MD moved to the Contract stage. At this point, all contingencies are removed and settlement is approaching.
Two houses went under contract with a kickout. One of the kick outs was for a home inspection which is pretty minor and the other one was for a third party approval on a short sale. Crofton MD doesn't have all that many short sales but they do occur.
The remaining two houses went under contract with no kick out. Some contingencies still exist but a contract with no kick out is pretty solid.
Seven new rentals became active last week in Crofton MD. Monthly rental prices ranging from $1,500 to $1,995.
Thirteen houses came on the market. Nine of them priced below $300,000 provide a good selection of inventory to choose from for first time homebuyers.
This is just another reminder for first time home buyers that the $8,000 tax credit is set to expire on November 30th. You should be out there seriously looking in order to be able to settle before November 30th. You still have a little time but don't delay.
If you're not already working with an agent to get into your first Crofton MD home, I can help. Just call me at your convenience at 443.995.9595.
Overall, not a bad week for Crofton MD home sales.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
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