realtor in silver spring: Home Affordability Programs
- 03/29/12 02:25 AM
The Obama Administration is serious about helping homeowners avoid foreclosure, and has implemented a variety of programs to assist homeowners in keeping their American dream. This is why the Making Home Affordable Program was created. There are several plans within this program, specific to the needs of individual borrowers. If you are interested in refinancing or modifying your current mortgage, you may qualify for one of the following programs: The Home Affordable Modification Program (HAMP) can lower your monthly mortgage payment to 31% of your gross income, which in turn could result in a 40% reduction...READ MORE HERE … (0 comments)
realtor in silver spring: Warren Buffett’s Best Investment for 2012 is the Single Family Home
- 03/26/12 12:44 AM
In an interview with CNBC, Warren Buffett has gone on record saying that single family homes are currently the best investment. Due to low interest rates and low prices, he feels there is not a more appealing asset class at the present moment. In fact, he even goes so far as to say that he would “load up on them” if he had a way to manage them, admitting that management poses a challenge since they are individual homes, unlike condos. So why aren’t buyers snatching up single family homes at lightning speed? It boils down to consumer/buyer psychology: “If … (3 comments)
realtor in silver spring: Short Sale versus Foreclosure
- 03/22/12 05:09 AM
In these challenging economic times, more and more homeowners are finding themselves weighing the pros and cons of a short sale versus a foreclosure. It may go without saying that you want to try to avoid foreclosure at all costs. But after months, if not years, of battling overwhelming debt and an underwater property, foreclosure might seem appealing due to the shear fact that it’s easier. However, the long term effects of a foreclosure might be more difficult than you realize. For starters, there is your credit score to consider. A foreclosure can adversely affect your credit score by 100-200 … (1 comments)
realtor in silver spring: Three Tips for Real Estate Investing
- 03/12/12 07:51 AM
Whether you're a seasoned real estate investor or a complete “newbie,” you'll likely agree that it really helps to have someone provide insight and advice. Everyone can use input on ways to save time and money, right? Here are a few tips which you may find helpful as you continue down the road to successfully investing in real estate. First, don't be an “information addict.” Sure, a little knowledge is a good thing, but there's such a thing as educational overkill. This isn't to say that there aren't terrific resources out there – books, bootcamps, and tools galore. But you need … (4 comments)
realtor in silver spring: What's Happening in Montgomery County Next Week?
- 03/09/12 05:56 AM
Spring is in the process of, well, SPRINGING! Silver Spring home owners, it's time to get out and enjoy the wonderful places to go and fun things to do right here in our own town. Here's a look at just a few of the possibilities available for your enjoyment this week: On Saturday, March 10, bring the kids out for Amphibians at Maydale. Hike a mile or two along a dirt trail searching woodland vernal pools for salamander and frog eggs. Ages 3+. Register at www.parkpass.com. Sunday, March 11 at 2am marks the beginning of Daylight Saving Time. Don't forget … (0 comments)
realtor in silver spring: What Can A CDPE Do For Me?
- 02/23/12 08:30 AM
Problems are a guaranteed part of life, and home ownership comes with its own set of issues. If your roof is leaking, you look for someone who's got expertise in roofing. Same with leaking pipes – when the problem requires more than a simple tweak, you call a plumber. When an old tree falls on your property, you seek out someone who's experienced to remove it. In the same way, millions of home owners across the country are dealing with problems that stem from the current economic crisis. Financial hardship – including loss or decrease of income – can lead to … (2 comments)
realtor in silver spring: Ready to Buy Your First Home?
- 02/07/12 11:11 AM
Everyone tells you it's the thing to do. Your friends have done it. Your parents did it – probably a couple of times! And they're right – you should buy a home. You've probably already weighed the benefits, and decided that home ownership is the right choice for you. More than 80% of all home searches today begin on the Internet. With just a few clicks of the mouse, you can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial shots of neighborhoods and homes. By the time you reach your us, you're … (0 comments)
realtor in silver spring: Hot Tips for Real Estate Investors
- 02/06/12 03:12 PM
Real estate investing isn't simple. It requires finding the right property, managing the investment property properly and keeping good financial records. You can be successful, though! Here are some rock solid tips for success: Build a real estate network. Include a great real estate agent, a mortgage broker, a lawyer, an appraiser and an accountant. Pay attention to the real estatemarket, and stay up to date by doing your own research. Accurately evaluate each property’s cash flow. Negotiate openly when you decide to buy. This may help to avoid wasting time on properties that are not within your … (3 comments)
realtor in silver spring: Try Something Different Next Week in Silver Spring
- 02/03/12 11:00 AM
February? Already? Wow – 2012 is flying! Silver Spring home owners can enjoy an abundance of terrific places to go and things to do right here in our area. Here's a look at just a few of the possibilities available for your enjoyment during the upcoming week: On Saturday, February 4 (2:30pm), head to the Wheaton Library to join the “royal elders” and musicians of a typical West African village! Native Ghanaians Kofi Dennis and Kwame Ansah-Brew offer an exhilarating and memorable performance of traditional music, storytelling and dance. Through “call and response” songs, games and drum rhythms on authentic instruments, … (0 comments)
realtor in silver spring: I'm Ready to Sell My House – Now What?
- 01/31/12 07:07 AM
How would you describe the market when real estate prices fall and more than six months of inventory remains on the market? It doesn't really matter what terms you use – what matters is the fact that people are still buying and selling. You simply adjust to the market. If you're selling, shoving a For Sale sign in your front yard isn't going to help much. You've got to be aggressive and make your home stand out on the market. You can use these strategies to sell quickly and for more money in a depressed market: Before you start making repairs, … (1 comments)
realtor in silver spring: Is It Always Best to Pay the Asking Price?
- 01/16/12 11:58 AM
For some investors, the thought of offering anything but a low ball offer is completely unheard of. However, if competition from numerous investors in an area is fierce, those investors may find themselves limited in their ability to acquire property. A recent article by Ken Corsini at Bigger Pockets highlighted this fact, and urges a sentiment with which we agree: Don't get stuck on the asking price! It's better to use the asking price as a guide, but to sit down with a professional and work with the numbers. There are times when a low bid will be beaten by someone … (0 comments)
The Obama Administration is serious about helping homeowners avoid foreclosure, and has implemented a variety of programs to assist homeowners in keeping their American dream. This is why the Making Home Affordable Program was created. There are several plans within this program, specific to the needs of individual borrowers. 
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