You've Heard It Through the Grapevine.....Maryland Real Estate is Selling. So you've heard the real estate market here in Maryland might be getting better for Sellers. Maybe a friend told you their home sold much more quickly than they expected, or you saw your neighbor's For Sale sign go up and down in record time. Well, I can tell you from what I'm seeing here in the Greater Baltimore area, you've heard correctly. Sellers that are educated about the competition in their area, and that are realistic with their expectations, are seeing their homes sell. Often quickly, and sometimes with multiple offers.
You've been thinking about moving, but you're not sure if you can afford it, and you're not sure where to start. Do you talk to a Realtor first? Or do you talk to a Lender first? You don't know how much you will net from your home, so you don't know what you can afford to buy, which means you don't know how much of a loan you will need.
Fortunately for you, I deal with this every day. And I am here to tell you that the course of action I recommend for my clients in this situation is to speak with a Realtor first. A Realtor will be able to let you know about how much you might be able to net. A Realtor will also be able to help you figure out how much homes in your target area are selling for. Answering two of your three questions in one shot.
It also very important in this situation that the Realtor and Lender work closely together to help identify what matters to you in order to help you reach your goals. You can ask your Lender for a Realtor referral, or you can ask your Realtor for a Lender referral, but either way, getting a Realtor/Lender Team in place is the first step in the process.
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