gaithersburg md: Senior Citizens Need Special Attention to "Right-Size" - 02/26/10 07:44 AM
 Senior Citizens Need Special Attention to "Right-Size"
Everyone knows that moving can be stressful, but senior citizens need special attention to "right-size".   During my course study for Seniors Real Estate Specialist(SRES), a designation given by the National Association of Realtors, I learned about many different issues facing seniors and the elderly when it's time for them to make a move.  This designation was important to me because of my love and respect for my parents as well as my affinity for the elderly - I hope to be one, one day.
With proper planning and preparation, the move can be smooth … (8 comments)

gaithersburg md: Reverse Mortgage For Primary Home Purchase - 02/25/10 02:25 AM
Reverse Mortgage For Primary Home Purchase
Some senior home owners (age 62+) and most of their real estate agents know that Reverse Mortgages can be used to fund retirement expenses of any kind without the obligation of monthly payments that would be required with normal mortgage loans. The typical transaction is refinancing the current primary residence.
The new twist is to use a Reverse Mortgage to purchase another residence. Many mortgage lenders are now offering this option that will assist many seniors in their retirement years or times of reduced income. The new purchase must be for a primary residence. The … (1 comments)

gaithersburg md: Bank of America REO, Gaithersburg MD - 01/22/10 03:28 AM
Bank of America REO, Gaithersburg MD
Wonderful opportunity for a first time buyer or investor to purchase this lender owned property. Contracts should be immediately emailed to Susan Rusnak, rusnaks@earthlink.net. Call Susan with your questions at 301-351-0342.
Buyers that plan to use mortgage financing need to submit a pre-qualification letter from Bank of America Home Loans. The loan officer to contact for this property is Jim Beatty, 240-631-8318 or cell 301-728-3286.
Tip:  Your contract will need to be at a price higher than the list price. It is well priced.
(1 comments)

gaithersburg md: GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS - 10/12/09 04:49 AM
GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS  
Since we live in  in zip code 20878, the real estate statistics in this area have a high level of personal interest. There were 240 homes listed for sale on MRIS during the past month.  83 new listings were added to the inventory and 67 properties went to pending contracts. 50 went to settlement during the month as compared with 60 settlements during the same month last year.  The sold dollar volume was down 11.89% from last year. The average sold price was $445,060 and the median sold price was … (0 comments)

 


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