Thursday, May 18, 2017

526 Millshire Drive Millersville, MD 21108

Property Site:
Bedrooms: 3
Bathrooms: 2
Square feet: 1,500
Price: $205,000

For more information about this property, please contact Charles Kraus at 410-224-2200 or You can also text 4345426 to 67299.

See more listings at:

MLS ID: AA9945200

Monday, May 8, 2017

Indecision May Cost More

“More has been lost due to indecision than was ever lost to making the wrong decision.” Interest rates have as much effect on housing costs as price and when they are both trending upward, it can be very expensive to wait.TBG1nnfbEE6B5Vp1vyWWmw There can be some legitimate reasons for postponing a purchase such as needing to save the down payment, improve your credit or waiting to find out about a possible transfer. The problem is that prices and interest rates could, and very likely will, go up in the future. If the price of $250,000 home went up 5% and the interest rate went from 4.5% to 5.25%, the payments would increase by $176.42. The additional cost over a seven-year period would be close to $15,000. The questions that indecisive buyers need to ask themselves is “how am I going to feel knowing that if I had not waited, I could have been living in the home for less money?” and “What would I have spent the money on if I didn’t have to make the larger payment?” Use the Cost of Waiting to Buy calculator to find out how much indecision may be costing you.

Monday, April 24, 2017

Would-Be to Should-Be

Some would-be buyers have emotional reasons to own a home like having a place of their own where they can raise a family, feel safe and secure and enjoy their friends’ company. Other buyers’ dominant reasons might be financial in nature such as building equity or lowering their cost of housing. YBXRaYAvAkyisi7x4yxDZg Regardless of what might be motivating people to want their own home, it is easy to justify that now is a good time to purchase. Let’s look at a $250,000 example using a FHA loan. The total payment will be about $1,835 dollars a month. If the payment is lower than the rent a person is paying, that should encourage a person to continue investigating. In this example, when you consider the monthly principal reduction, the monthly appreciation and the tax savings, even with money added for monthly maintenance, the net cost of housing is less than half the total house payment. Considering all those advantages, the would-be buyer is spending over $1,100 per month more to rent than it would be to own. In a year’s time, they would lose close to $14,000 which is more than the down payment of $8,750 required on this price home. Most would-be buyers understand that a home is a big investment but they may not understand the advantage of the leverage caused by the low down payment mortgage. The benefits extend beyond a return on the down payment but to the value of the home. In this example, the $8,750 down payment grows to an equity of $73,546 in seven years based on 2% annual appreciation and normal amortization on a 30-year loan. If you calculated that as a rate of return, you’d be challenged to find anything that could compare with it. To see what your numbers might look like, check out this Rent vs. Own. If you need any help or have any questions, contact us. Part of our greatest satisfaction is helping would-be buyers understand why they should-be. R8nQxfe8T0Wuat8uKStGmw

Wednesday, December 7, 2016

268 Greenleaf Circle, Arnold, MD 21012

Located in the Brightleaf subdivision of Arnold, Maryland near Historic Annapolis, the State Capital of Maryland is 268 Greenleaf Circle. It is for sale through Coldwell Banker Residential brokerage and is listed for $240,000. 

Brightleaf and Hidden Ridge is a modestly priced neighborhood surrounded by more expensive homes. The neighborhood is comprised of duplex town homes (Brightleaf) and single family homes (Hidden Ridge). Not far away is Anne Arundel Community College 

Abutting the Brightleaf subdivision and located on the water is Jamestown, a community of large
homes nestled up against Forked Creek, a tributary of the Magothy River. The price range of homes in Jamestown recently has been between $525,000 to $690,000 approximately, according to recent sales recorded in the tax records.

A more recent subdivision, Canterbury Village has been built and is comprised of garbage town homes that sell in the price range of $400,000 to $450,000 according to tax records.

Information on the Arnold/Broadneck area public school system can be found online at Great Schools

Our subject property is a duplex town home with 3 levels including an unfinished basement which Vimeo and get more details about the house on including contact information in case you would like to make an appointment to see this home.
has a walk out to the fenced back yard. It has three bedrooms and one bath. The owners have put a lot into getting this property ready to sell. They have just had siding, gutters and downspouts installed this year (2016). In addition to many other improvements they have made, the owners have also updated the kitchen and bathroom in 2016, as well as freshly painting the house. You can see a virtual tour online on

Saturday, November 12, 2016

160 N. Lake Drive Stevensville, MD 21666

Property Site:
Bedrooms: 4
Bathrooms: 3
Price: $329,900

For more information about this property, please contact Charles Kraus at 410-224-2200 or You can also text 3992979 to 67299.

See more listings at:

MLS ID: QA9797000

Friday, November 11, 2016

268 Greenleaf Circle Arnold, MD 21012

Property Site:
Bedrooms: 3
Bathrooms: 1
Price: $240,000

For more information about this property, please contact Charles Kraus at 410-224-2200 or You can also text 3926581 to 67299.

See more listings at:

MLS ID: AA9769235

5 Park Place #310 Annapolis, MD 21401

Property Site:
Bedrooms: 1
Bathrooms: 1
Price: $334,900

For more information about this property, please contact Charles Kraus at 410-224-2200 or You can also text 3921809 to 67299.

See more listings at:

MLS ID: AA9778726

Tuesday, October 27, 2015

It's hard to Imagine

With mortgage rates below 5% since 2009, you would think any homeowner who should refinance would have already. However, it is estimated, there are approximately 6.5 million borrowers who would benefit with significant monthly savings by refinancing. iStock_000064771413_300.jpg Rodney Anderson of Supreme Lending, on his weekly radio program, described a recent pipeline meeting where they reviewed every pending mortgage application his company was processing. They had seven refinancing applicants whose current mortgage was over 9% and twelve with a rate between 7% and 9%. “Some 550,000 American homeowners with a mortgage could save $500 or more each month by refinancing at today’s rates. Over three million could save at least $200 per month.” said Ben Graboske, CTO with Black Knight Financial Services. Getting a lower interest rate should be reason enough but eliminating the mortgage insurance should make the decision a no brainer. With increased home values, the loan-to-value ratio may no longer require mortgage insurance which would add additional savings. Homeowners need solid information about what their home is worth and whether they’d benefit from refinancing. The most reliable solution is to talk with a qualified mortgage professional. The internet is a great place for generalized info but each person's situation is unique. Call if you'd like a recommendation of a trusted mortgage professional or would like to know what your home is worth.