Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

Dealing with the wild and crazy market

The stock market sure has been wild over the last week.  Headlines about major market moves always make me think about where my money is invested, and what to do next.

I’ve talked to some excellent financial planners in the last few days, who are in touch with quite a few people.  I thought they might be busy helping worried clients, and they all said that they only heard from a few. That’s a good sign that they have advised their clients to expect and be ready for market ups and downs, to plan accordingly, and they are weathering the storm.

I’m curious… what’s your take on the market, and what to do about it?

Is it time to refinance any real estate, while the rates are still low?

Is it time to buy or sell something?  Do you want more of your wealth in a hard asset like real estate?  If so, what type?  Or do you want to sell something to be in a stronger financial position?

Do you have a good financial planner to advise you?  If so, would you be willing to introduce us, so that I can expand my network of resources?  If not, I would be happy to refer you to a good one.  It’s important to get the best advice that you possibly can.

And if you want to make any real estate moves, you know who to call, right?  In terms of the local real estate market, showings have been slow in the last few weeks with last-minute vacations and play, and getting the kids back in school.  I expect showings and new listings to pick up now, because for anyone who wants to move this year, it’s time to get going.

Have a great weekend!

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Free Seminars on Annapolis Area Real Estate – First-Time Homebuyers and Investors

Do you know someone who is thinking about buying their first home?  Or someone who is renting and would be wise to think about buying a home?  Today’s market presents some amazing opportunities, and often people who are renting aren’t aware how easy it would be to own their own home, and don’t do anything because they don’t know how, and are afraid of making a mistake.  Instead of buying their own home, they are buying real estate for their landlord!

So for potential first-time homebuyers (or those who haven’t bought in a while!), I will be offering quarterly first-time homebuyer seminars over the next year.  Please call for a schedule, if you or someone you know is interested in learning more, so that they are ready to move forward.

Similarly, many people are considering investing in real estate, and aren’t sure where to begin, or how best to add to their existing portfolio.  And there are better ways than buying a “No Money Down” seminar from an infomercial, investing with a group out of state (as someone just told me many of his neighbors are doing), or hoping to stumble across a deal in the middle of your busy workday.  If you are thinking of investing and want to get more facts, please call for the dates of our next real estate investment seminar.

p.s.  If you are planning to sell or buy property in the Spring, please call me to get the information you need to get ready.

Call me today for all your Annapolis real estate needs.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Annapolis Real Estate Investors Cash Flow Secrets

A lot of folks would like to invest in real estate in Annapolis and Anne Arundel County, and get stuck when they can’t figure out how to make the properties cash flow. The median sales price in the county year to date is $299,999, a reduction from the $325,950 that it was last year. That nearly 10% reduction sounds pretty good. But when a house typically rents for $1400-1600, it doesn’t make much difference that the prices have come down 10%, does it?

A local real estate wholesaler called me the other day. He has a couple townhomes in Brooklyn (just north of Annapolis, between Annapolis and Baltimore) available for $75,000 and $82,000. He said the need less than $20,000 in work each, and would rent for around $1150. Those numbers are a little nicer. With 20% down, he forecasts a cash-on-cash return of 31%.

Do you know someone who invests in Brooklyn Park or Brooklyn? How do they like it? I’d love to know. And if you’d like to acquire some property like this, let me know, as these kinds of deals are being made all the time right now.

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

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

Intentional Investors Buying Maryland Real Estate

How’s the real estate market? Everyone is asking me these days. Recent headlines in The Capital, our local Annapolis newspaper, include:

  • County home sales drop 31 percent in July
  • Shaky economy hits schools, kids
  • Restaurants closing reflects disturbing trend (about the closing of our much–loved locally-owned Northwoods Restaurant)
  • State unemployment rate creeps upward

    • Rumor has it that some of the new upscale chain restaurants in Park Place near Murray Hill may be closing. What will happen with Morton’s and Fado? Today’s Wall Street Journal reports:

  • Financial Unease Trips Up Stocks
  • Housing Downturn Hits Home Depot
  • Fannie, Freddie Are Pounded

    • Things are looking pretty bleak, one might say. Of course, it all depends on your perspective.

    Here are some other facts from our local multiple listing service:

  • Of the 38 single-family homes sold in Annapolis in the last thirty days, the net price when sold averaged 87% of the original list price.
  • A lovely property is listed in Murray Hill now for over $100,000 below the last sale on the street in 2006.

    • For those who are intentional about building wealth through real estate investing, this market is outstanding. Remember “Buy Low, Sell High”? Now is the time to find motivated sellers and acquire properties at great prices with excellent financing.

    We are increasing our services to investors, so if you want to buy more rental property in Maryland, and you want to work with someone who understands your vision, let us know.

    We’re building a new web site at http://www.IntentionalInvestor.com

    Check it out and let us know your thoughts and suggestions.
    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

    Here are some client reviews of Carlyn Lowery…

    “Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
    – Paul Donnelly

    “As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
    – Ann Hannam

    “We wanted a professional who would work with us to sell our home
    quickly for a good price and protect our interests as sellers through the process.
    Carlyn’s business acumen is her (and will be your) greatest asset.”
    – Sue Bogard

    “Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
    during each of the phases, and in particular on the negotiation.”
    – Michael Morgan

     

    Questions? Call Carlyn Lowery today.

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    888-860-7369 x146 – Main Office
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