Home Buying Archives - Page 26 of 29 -

RENTED! 213D Victor Parkway, Annapolis, Maryland 21403 – A Wonderful Home for Sale or Rent

213D Victor Parkway in popular Fairwinds, in Annapolis, Maryland, is a wonderful home with a perfect price. Just listed, and a great buy particularly for a first-time homebuyer or investor. It’s always a good time to buy a good piece of real estate, so if you know someone who is may be interested – perhaps someone who is renting and would like to own their own home, or an investor who would like to expand their portfolio, please let them know about this opportunity.

PLUS, did you hear about the BAILOUT for first-time homebuyers? If you know anyone who hasn’t owned real estate in the last three years, they can get $8,000 FREE from the US government. Yes, it is our taxpayer dollars. Let’s help our friends get some of them. Please introduce me to any friends who are RENTERS and may be eligible for this giveaway.

And please join us for the open house Sunday between 1 and 3 pm. Let me know if you can make it!

Click here for further details.

213D Victor Parkway, Annapolis, MD 21403

Fairwinds Community, Common Area, Annapolis, Maryland

P.S. Call me today for all your Annapolis real estate needs.

Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Free Homebuying Seminar in Annapolis Maryland

Are you planning to buy a new home in Maryland this year, or is someone you know? Do you want to get a good buy on a home you love, and not get ripped off or misled due to your lack of knowledge and experience?

A free seminar will be held on Tuesday evening, January 27th, in Annapolis. This is a great opportunity for you to learn exactly how the homebuying process works, and to ask questions of experts who are working in the real estate industry daily. If you would like to join us, please contact me today to reserve your spot, as seats are limited.

Gift Ideas for Real Estate Investors and First-Time Homebuyers

Need a few gift ideas? Good stocking stuffers? If you have friends, family, or clients who are thinking of investing in rental property, help them out with one or more of the following books:

And if you know of someone who is renting their home and might like to invest in a home of their own, perhaps someone who is about to be a new graduate, here are a couple of good gift choices:

And for any friends in the real estate sales business, here’s a good one:

This is a great book, however you may want to pick it up for yourself rather than risk offending a friend with the title!

Happy shopping, and happy holidays! Let me know of other good ideas that you have, as I still have a bit of shopping to do myself.

P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Holy Toledo – Even the Press is Starting to Say It's a Good Time to Buy Real Estate!

It took the press several months to change its tune after the real estate market started the downturn, and while I have been saying that it’s a great time to buy real estate in this soft market, the news media has been full of gloom. Now the sentiment seems to be changing. MSNBC reports today, “Bad Economy Great Deals; Housing Crisis Presents Significant Buying Opportunities.” The Wall Street Journal has the following headlines, “Today’s bidding wars; Buyers flock to condo auction, ready to snap up bargains” and “U.S. homes now undervalued, economists say.”
It’s hard to know if this change in attitude has been driven by the dramatic stock market declines, which have created plenty of doom and gloom headlines of their own. Certainly real estate looks a lot better by comparison! People need to invest their money somewhere, and it seems like this is the market that, two or three years from now, people are gonna look back and say, “Oh my gosh, I wish I had bought then.”
If you miss this opportunity, don’t blame me! I’ve been giving you the heads up that you can take advantage of this market, and that Washington DC area real estate and Annapolis Maryland real estate offers solid value. If you are tempted to take action in the real estate market in the next few months, it’s time to get started now.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Anne Arundel County Maryland Real Estate Market Statistics – November 2008

The National Association of REALTORS (NAR) reported in October that existing home sales increased over 5 and a half percent — a sign of improved housing affordability. The estimated annual volume has been revised upwards from of 4.91 million to 5.18 million units for 2008, representing a 1.4 percent increase over the previous year. The combination of lower prices, higher inventory and low mortgage rates have all contributed to the increase in sales.

“This is the first time since November 2005 that home sales have been above year-ago levels,” said NAR president, Richard Gaylord. “Credit tightened at the end of September, but the improvement demonstrates that buyers who have been on the sidelines want to get into the market to make a long-term investment in their future.”

Freddie Mac is reporting a recent drop in interest rates for the 30-year, conventional, fixed rate mortgage, averaging 6.04 percent in September, down from 6.48 percent in August. Despite the lower rates, speculative investors have not yet returned to the market, according to Lawrence Yun, NAR chief economist. Yun reports, “80 percent of current buyers are purchasing a primary residence, which is a bit higher than historic norms.”

Average (Mean) Sales Price of Existing Homes by Region

Date	U.S.	Northeast	Midwest	South	West
2006	268,200	299,700	205,300	230,000	371,300
2007	266,000	307,100	200,500	225,600	365,900

07/08	253,300	307,100	196,900	221,100	322,400
08/08	245,400	300,600	196,400	220,400	294,500
09/08	234,700	284,100	180,100	207,600	298,400

Statistics from the National Association of REALTORS®

Total housing inventories were down 1.6 percent for the month of September, marking two consecutive monthly declines since inventory levels peaked in July.

Anne Arundel County figures for October 2008 are shown below.

	2008	2007	% Change
Total Sold Dollar Volume:	$ 132,330,760	$ 168,161,351	– 21.31 %
Average Sold Price:	$ 380,261	$ 419,355	– 9.32 %
Median Sold Price:	$ 320,000	$ 329,900	– 3.00 %
Total Units Sold:	348	401	– 13.22 %
Average Days on Market:	152	123	23.58 %
Average List Price for Solds:	$ 426,461	$ 454,159	– 6.10 %
Avg Sale Price as a percentage of Avg List Price:	89.17 %	92.34 %

Total Number of NEW listings
taken for the month:	771
Total Number of Properties
marked Contract for the month:	242
Total Number of Properties
marked Contingent for the month:	83
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):	325

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.