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Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending January 30, 2010
The Anne Arundel County real estate market remains strong is still seeing stable numbers in sales and settlements. Interest rates are still low, however, there are rumors that the rates will be going up in the new year to around an average of 6%. The home sales still aren't as swift as we would like to see, however, they are seasonably increased over times in the past. The number of new listings has declined steadily over the past few weeks and we are seeing a good increase in the number of homes going under contract and settling. Home prices are also remaining fairly stable as we move into the Thanksgiving Season. Now that fall is here to stay we'll see another spurt in activity before the winter hibernation. I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available. Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes. Overall, there has never been a better time to buy, than right now but buyers need to hurry because the tax credit times are coming to an end soon.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 22(no change from last week)
Under Contract 22 (increase of 5 from last week)
Settled Sales 6 (increase of 3 from last week)
24 foreclosed homes for sale
Anne Arundel County
New Listings 170 (decrease 2 from last week)
Under Contract 103 (decrease 6 from last week)
Settled Sales 79 (increase of 33 over last week)
147 foreclosed homes for sale.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
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Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending January 22, 2010
The Anne Arundel County real estate market remains strong is still seeing stable numbers in sales and settlements. Interest rates are still low, however, there are rumors that the rates will be going up in the new year to around an average of 6%. The home sales still aren't as swift as we would like to see, however, they are seasonably increased over times in the past. The number of new listings has declined steadily over the past few weeks and we are seeing a good increase in the number of homes going under contract and settling. Home prices are also remaining fairly stable as we move into the Thanksgiving Season. Now that fall is here to stay we'll see another spurt in activity before the winter hibernation. I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available. Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes. Overall, there has never been a better time to buy, than right now but buyers need to hurry because the tax credit times are coming to an end soon.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 22(increase 4 from last week)
Under Contract 17 (increase of 7 from last week)
Settled Sales 3 (decrease of 3 from last week)
24 foreclosed homes for sale
Anne Arundel County
New Listings 172 (increase 6 from last week)
Under Contract 109 (same as last week)
Settled Sales 46 (decrease of 9 over last week)
147 foreclosed homes for sale.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
Short sales are the way of the future. At Advance Realty Anne Arundel we have many experienced agents who have successfully closed many short sales. If you are in trouble and need to short sell your home give Advance Realty Anne Arundel a call and we'll set you up with an experienced agent to help you.
If you are thinking of renting, buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is continuing to waive the administrative fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
Fresh off the presses....new information for you that reinforces our belief that the Obama Administration is about to open the flood gates for short sales.
In other words, as we have been advocating for well over 3 years now...and as many of you will agree...
Short Sales are THE solution!
Here is what we have just learned:
Seth Wheeler, Senior Advisor to the Treasury Department discussing the Obama Administration’s Home Affordable Modification Program, (which isn’t working at the level needed or intended) indicated that the Obama Administration may be shifting focus from modifications to another program which simply gets troubled borrowers out of their homes as quickly and cleanly as possible.
In other words, Short Sales are the solution.
Wheeler, “Short sales, deeds in lieu are other ways to prevent foreclosures to help achieve stability [in housing],” “Modifications are only for a certain subset of distressed homeowners.” Translation: not many want to mod their loans or can mod their loans.
As you will recall last November the Treasury launched the Home Affordable Foreclosure Alternatives program which specifically targets short sales and deeds in lieu of foreclosure.
Watch the video about HAFA Now.
So, here is how it works….’troubled borrowers’ are sent to the HAMP program first. In other words, the first thing the lenders will do is offer mortgage loan modification. Next, if the borrower can’t or won’t do a loan mod…then…they are directed to the HAFA program. Here is an overview of this process: (Note: expect changes to this program)
Servicers must consider HAMP eligible borrowers for HAFA within 30 calendar days of the date the borrower:
- Does not qualify for a Trial Period Plan;
- Does not successfully complete a Trial Period Plan;
- Is delinquent on a HAMP modification by missing at least two consecutive payments; or
- Requests a short sale or DIL. This last point is interesting. You need to be aware that when your client calls their lender and the lender attempts to ‘force’ them to their loan mod department under these new guidelines the borrower can request to go directly to the short sale department. Kind-a confusing but, you get the idea.
Here is what you need to know about HAFA. Remember, the video that we created for you last year about HAFA is HERE.
- The HAFA program offers incentives in this program “upon successful completion of the short sale” or Deed in Lieu.
- Borrower receives relocation assistance of $1500. Yep, seller/ borrower will receive $1500 for doing the short sale. Oh, how things are about to change!...but, it gets better....
- Servicer incentive of $1000 to cover administrative and processing costs and investor reimbursement of $1000 for subordinate lien releases. That’s when the investor allows up to $3000 in short sale proceeds to go to subordinate lien holders.
- Participating lenders can NOT pursue a deficiency judgment post short sale (or DIL) closing. This will be the end to all the mickey-mouse lenders try to get borrowers to agree to post closing. Like, paybacks.
- Commissions....6%, thank you very much!
Bottom line, expect the HAFA program to be front and center starting this April once the new guidelines are in full effect. Its our believe that these new guidelines will usher in what we have been advocating for years…the streamlined short sale! Agents, 2010 IS the year of the short sale. Watch the FREE Harris Real Estate University Agent Short Sale Secrets CDPD video and download the FREE BOOK NOW!
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If agents paid more attention to the needs and wants of their clients perhaps they would be more highly regarded than used car salesmen!!
If you are thinking of renting, buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is continuing to waive the administrative fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
I read a featured blog the other day written by an agent who was regretting not insisting on a buyer agency agreement and was subsequently ditched by the buyers she was working with. She was disappointed, and in her blog, reconfirmed her commitment to always get that agreement in place before investing much time in a new buyer client.
Fair enough. I disagree with the agent's conclusion that the solution to being ditched by a buyer is a written contract, but that's okay. To each his own.
But one of the many comments on the blog caught my eye. It was something about how now that we're in a new decade; it's a perfect time to set new priorities. In this case, the commenter meant that he or she intended to be even more committed to getting those agreements signed before working "for free."
Again, fair enough.
But it occurs to me (yep, here comes a soapbox) that it would do us and our industry far more good if we set our priorities a little higher. If we set them based on what the customer wants and needs, rather than on what we want and need. Don't get me wrong, I'm all about looking out for #1, but when you put your customers first, my experience has been that Your Favorite Real Estate Agent benefits right alongside!
So... how about instead of making it a higher priority to be more diligent about contractually obligating your buyers to you... you commit to making yourself indispensable to your buyers so that no contract is necessary?
How about instead of making it a higher priority to more efficiently beat the streets looking for more and more and more and more listings... you commit to figuring out how to sell the listings you already have?
If we shift our industry's priorities away from the face in the mirror and focus them on the consumer we're licensed, hired and well-paid to serve, I promise you we'll all benefit. Our buyers will buy and our listings will sell, so we'll attend more closings and see more repeats & referrals.
It really might be that simple!
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Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending January 16, 2010
The Anne Arundel County real estate market remains strong is still seeing stable numbers in sales and settlements. Interest rates are still low, however, there are rumors that the rates will be going up in the new year to around an average of 6%. The home sales still aren't as swift as we would like to see, however, they are seasonably increased over times in the past. The number of new listings has declined steadily over the past few weeks and we are seeing a good increase in the number of homes going under contract and settling. Home prices are also remaining fairly stable as we move into the Thanksgiving Season. Now that fall is here to stay we'll see another spurt in activity before the winter hibernation. I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available. Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes. Overall, there has never been a better time to buy, than right now but buyers need to hurry because the tax credit times are coming to an end soon.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 18 (increase 2 from last week)
Under Contract 10 (increase of 1 from last week)
Settled Sales 6 (increase of 4 from last week)
24 foreclosed homes for sale
Anne Arundel County
New Listings 166 (decrease 7 from last week)
Under Contract 109 (increase 45 over last week)
Settled Sales 55 (increase of 24 over last week)
147 foreclosed homes for sale.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
If you are thinking of renting, buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is continuing to waive the administrative fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending January 9, 2010
The Anne Arundel County real estate market remains strong is still seeing stable numbers in sales and settlements. Interest rates are still low, however, there are rumors that the rates will be going up in the new year to around an average of 6%. The home sales still aren't as swift as we would like to see, however, they are seasonably increased over times in the past. The number of new listings has declined steadily over the past few weeks and we are seeing a good increase in the number of homes going under contract and settling. Home prices are also remaining fairly stable as we move into the Thanksgiving Season. Now that fall is here to stay we'll see another spurt in activity before the winter hibernation. I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available. Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes. Overall, there has never been a better time to buy, than right now but buyers need to hurry because the tax credit times are coming to an end soon.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 16 (increase 4 from last week)
Under Contract 9 (increase of 4 from last week)
Settled Sales 2 (decrease of 18 from last week)
24 foreclosed homes for sale
Anne Arundel County
New Listings 173 (increase 90 from last week)
Under Contract 64 (increase 21 over last week)
Settled Sales 31 (decrease of 78 over last week)
147 foreclosed homes for sale.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
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