Prices, Inventories Provide Reasons for Optimism Market Summary Fueled by the expiration of the Federal Homebuyer Tax Credit, a strong spring market boosted combined year-to-date sales of single-family homes, condominiums, and cooperatives to a 36% increase over 2009 at the end of the second quarter. The inventory of available homes and units began its typical … Continue reading Washington, DC Market Second Quarter 2010
In Brookmont, at the C&O Canal 111 Valley Road, Bethesda, MD 20816 MLS # MC9375221 Offered for $649,000 Virtual Tour (SOLD!!) Open House: Sunday, July 25, 1-4 PM In nature's setting with all the upgrades! Along the Chesapeake & Ohio Canal National Historic Park (near Lock 6), close to High Island in the Potomac River … Continue reading A Diamond in Nature’s Setting
Buyers and Sellers Cooperating for Terms to Work As the market for the purchase and sale of residential properties continues to stabilize and return to normal, we are beginning to see more sellers accepting offers to buy their homes subject to the sale of the buyers' homes, this after a period where such contingencies were … Continue reading Home Sale Contingencies Returning to Purchase Contracts
Maryland and Virginia Among Highest for Technology, Business Friendliness CNN Money.com and CNBC.com just released their 2010 lists – Top Earning Towns, Best 100 Small Cities to Live,and CNBC for Top States for Business– and The Washington Post announced the area’s education level. Bethesda, MD has the highest median family income in the US, according … Continue reading Several Washington DC Areas Among “Best” Places
A rare chance to own "THE ROOST" cottage, your personal Tilghman Island escape! Click Here for YouTube Video (LEASED!!) This delightful, 1950 cottage-style home has been upgraded throughout. Cozy and light, with many windows and skylights, the property is located on approximately quarter acre just over the bridge at the entrance bridge to Tilghman Island on the … Continue reading “THE ROOST”: Experience a Renowned Tilghman Island Cottage!
An Alternative to Brokerage As consultant to clients who wish to explore all the available avenues for the disposition of real estate, I occasionally am asked what are the characteristics and benefits of the traditional brokerage vs. the marketing method in support of an auction. Briefly, a transaction conducted in traditional brokerage is a negotiation that occurs … Continue reading Characteristics of Real Estate Auctions
3420 Porter St., NW, Washington, DC 20016 -- Available for the first time in 65 years. -- SOLD!! Offered for $1,350,000. MRIS# DC7336115. This classic 1913 Victorian is filled with character and charm and is located in the heart of Cleveland Park. It features large sun-filled rooms, high coffered ceiling, handsome stone fireplace, gleaming hardwood floors, freshly painted … Continue reading Majestic 1913 Victorian in Cleveland Park, DC
SELLERS: Why Your House WILL Sell When Others Don't; BUYERS: How to Prepare For, Find, and GET the Home You Want Navigating today's dramatically changing real estate market can be challenging. Add to that the complexities of buying or selling a home and you have the makings for a whole lot of confusion. These free seminars will … Continue reading FREE Home Buyer & Seller Seminar Series
7717 Garland Avenue, Takoma Park, MD 20912 -- MRIS# MC7318585, Offered for $578,000 $561,000 -- SOLD!! Experience the charm of timeless character and new renovations in keeping with its surroundings and history. This home has been upgraded and improved by an assiduous owner who has done it all and made every space functional. Move in … Continue reading Classic 1926 Takoma Park Bungalow — All Renovated and Ready!
Mortgage Insurance Premium, Credit Scores, and Seller Contribution Affected On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness. FHA is trying to balance three fundamental objectives: Financial soundness of the FHA insurance fund – ensuring that its capital ratio returns above 2 percent, Fulfilling its mission of serving borrowers not … Continue reading Major FHA Changes Expected to Take Place in Early 2010
Positive Trend Reverses Declines Since 2004 New sales contracts in 2009 for residential properties were 21% ahead of 2008. The number of properties on the market at the end of 2009 was 25% lower than the end of 2008 -- a five month supply. This is a market which most housing economists feel is in … Continue reading Washington, DC Market: 2009 Review and 2010 Outlook
New RESPA Regulations, HUD-1 Effective January 1, 2010 Changes under the Real Estate Settlement Procedures Act provide some improvements to borrowers, making it easier to compare loan terms and committing lenders to stick with their quoted fees. The new Good Faith Estimate (GFE) will be uniformly used by all lenders so that borrowers will be … Continue reading New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers
Current Program Extended and Revised; Expanded to Repeat Home Buyers Despite the many rumors, projections, and hopeful expectations presented in the press in very recent weeks, the final legislation for the tax credit afforded home purchasers has several new features and requirements that distinguish this program from the one which is due to expire November … Continue reading 2009-2010 Home Buyer Tax Credit Summary
I will hold an Open House this Sunday for this beautiful Darnestown estate NEW PRICE: Offered for $1,249,000 $1,099,000!-- 13520 Deakins Lane, Darnestown, MD 20874 (outside Potomac off Seneca Road between River Road and Esworthy Road). Just imagine! 8.25 bucolic acres just outside Potomac is the site of this 1964 Colonial with an elegant marble foyer, … Continue reading Open House, Sunday 10/4, 1-4 PM: Grand Darnestown, MD Estate
It's All About My Clients ... When clients engage me, either with the renowned Washington brokerage of W.C. & A.N. Miller REALTORS®, exclusive affiliate of Christie's Great Estates, or with Sloans & Kenyon in its marketing association for their luxury real estate needs, they find my service levels cannot be matched. My clients understand … Continue reading The Testimonials Speak for Themselves…..