Ramblings of a Baltimore area Realtor: Just Sold - 1400 Redfern Ave, Baltimore, MD 21211

Just Sold - 1400 Redfern Ave, Baltimore, MD 21211

Just Sold

1400 Redfern Ave, Baltimore, MD 21211

We all know what a challenge it is to find an affordably priced home in good condition for that first time home buyer.  Sometimes, the only home available is a bank foreclosure.  Then you end up in a multiple offer situation and your offer needs to be competitive in order to win the day.

My buyer was buying his first house and he really wanted to live in the Hampden or Medfield neighborhoods in Baltimore.  The inventory there is low to begin with and when your maximum purchase price is below $200,000 it is a challenge.  

When we started this journey he really didn't want to spend more than $150,000 and we saw a couple houses and wrote offers but there were multiple offers and his was not successful.  He increased his price point some and finally a nice bank foreclosure came on the market.  It was a nice 3 bed 2 bath end of group town home on a corner lot with off street parking and a nice fenced yard, deck and finished basement.  The house met all his needs.  The original list price was well below market for the street and as you can imagine there were multiple offers.   This is where a good, experienced agent is worth their weight in gold.  I negotiated an excellent deal for my buyer and his contract was accepted.

Once under contract my job was not yet done.  Baltimore City was hit with the computer ransomeware virus and not every sale is able to settle.  Criteria needs to be met.  The title company told the seller they would need to hold $3,000 in escrow for any unforeseen liens.  The seller, being a bank, refused.  The title company informed me that they could see most of the liens and the only thing they had not received was a water bill.  After a conversation with my buyer, he was willing to put up the $3,000 escrow so it could close, but only if the seller would give him a credit of $1,500 at closing.  The bank agreed and we were ready to close.  

Are you thinking about buying a home in the Baltimore area?  I would be happy to help guide you through the process.  I work with a great group of professionals who know the ins and outs of Baltimore title and down payment assistance programs so you can get into a home with little or no money down.  Let me help guide you to your new home!!


If you are thinking of buying or selling an home in  Maryland give us a call at 410-292-0100 or start your search here 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. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.  Remax New Beginnings and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP

Long & Foster Hampden

410-292-0100 - Direct   410-889-9800 Office

City Living Expert

 

 

 

 

 

 

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comment balloon 4 commentsJune Piper-Brandon • August 15 2019 01:39AM

Comments

Congratulation on your recent sale.  Nice house and nice job with your presentation.

Posted by Richard Weeks, REALTOR®, Broker about 1 month ago

Good morning, June Piper-Brandon keep those sold properties flowing.... congratulations

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 1 month ago

Congrats on your recent sale! Good luck keeping the momentum going.

Posted by Tanya Van Blake-Coleman, Improving the Quality of Your Life (Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com) about 1 month ago

June, congratulations on this recent sale, and your Buyer was lucky to have you represent them.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 1 month ago

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