Tuesday, December 22, 2009

Price Reduction!

Chester, MD - Reduced to $409,900. Beautiful 4 Bedroom, 2.5 bath Colonial w/2 car garage on cul-de-sac lot in subdivision of Clayborne Woods. See more info here - QA7180619

Crownsville, MD - New Listing Affordably Priced at $289,900! 3 Bedroom, 2 full bath Split Foyer w/off street parking for 3 in water privileged community of Herald Harbor, just minutes from the Annapolis Mall and Town Center. See more information here - AA7222511

Millington, MD - Located in Queen Anne's County is this 1 year old rancher complate with all the popular features like gourmet kitchen, hardwood floors, 2 car garage, large master suite, fireplace and sited on a private 1 acre lot! All for only $269,900! No need to wait for new construction. See more information here - QA7197632

Arnold, MD - SOLD! 3 level Town House in Bluffs Creek.

Centreville, MD - SOLD! Beautiful rancher on cul-de-sac lot with large detached garage/workshop/man cave!

 Shady Side, MD - SOLD! Cute Cottage with water view in water privileged Columbia Beach.

Odenton, MD - SOLD! 3 Level Town House with 3 BRs, 3.5 baths, Rec Room., Den/possible 4th bedroom, deck, large kitchen and patio.

Thursday, December 10, 2009

December Home Buying Tip!

Annapolis, MD - Buyers currently in the market to buy a home should think about continuing their search during the Holiday season in December. As of this writing mortgage rates are still very low and although most people are focused on Holiday shopping of another kind, if a home buyer can find a suitable property during December, they will also find sellers more willing to accept price and terms favorable to the buyer. Not too many buyers make offers in the later half of December and an offer looks mighty appealing to a seller whose house isn't getting shown. Once the New Year rolls around and showings pick back up, the seller is more likely to see what happens with the next few showings they know will come their way.

So if you are in the market to buy a home, keep looking all through the month of December. If you can find a home that meets your needs and search criteria, you just might find a great buy!

Charles Kraus, GRI Associate Broker
Coldwell Banker Residnetial Brokerage
Annapolis, MD
(O) 410 919-2642

Saturday, December 5, 2009

Mortgage Rates May Rise

Annapolis, MD - Mortgage rates are low with fixed rates well below 5%, however the clock is ticking on rates. The government has been buying mortgage bonds to artificially keep rates low to stimulate real estate sales. Reports say that they will stop buying bonds after March 2010 and this may cause rates to rise to the 6%+ range. Higher rates affect buying power, lowering the amount a buyer can afford to buy.

Keep in mind also that there is also a deadline on the 1st-time home buyer credit of $8,000. The tax credit applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

Prospective home buyers would be well advised to take these possible developments into consideration when making their home buying plans.
Keep in mind deadline on the 1st-time home buyer credit of $8,000 - http://bit.ly/8rECFZ
Reports say mortgage rates may go to 6%+ range if the government stops buying bonds in March 2010.

Monday, November 30, 2009

Anne Arundel County, MD - October 2009
In spite of a 44.25% increase in units sold over October 2008, 2009 average sales price drops 7.97%

Friday, November 27, 2009

Anne Arundel County, Maryland - October real estate sales show a 44.25% gain in units sold in October 2009 over October 2008. Source-MRIS

Saturday, November 7, 2009

Eastern Shore Home - New on the Market

Located in  Queen Annes County is the 3 bedroom rancher on a 1 acre lot.
Get all the details here: http://bit.ly/1UTDp1

$8,000 1st-time Buyer credit extended

The President signed legislation today extending tax credits for buying a home through the end of April 2010.
  • First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.  
  • In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. 
  • Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
  • Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home.
  • This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
  • In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
Higher Income Caps:
  • The amount of income someone can earn and qualify for the full amount of the credit has been increased.
  • Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible
  • Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Saturday, October 24, 2009

Phenomenal $40,000 price reduction on home in Centreville, MD. Buy a home in the beautiful subdivision of Hunter’s Ridge outside of Centreville, MD, on a 1.79 acre lot for the price of a townhouse in Anne Arundel County! Rancher with 3 bedrooms; 2 full baths; one half bath; den/office/media room/possible 4th bedroom; large living room; large country kitchen with dining area; laundry/mudroom; full length deck across the back of the house with awning; super 30 X 40 X 16H 2 bay garage with workshop area; backs to agricultural preserve; located on a nicely landscaped cul-de-sac lot. Only 15 minutes from the Bay Bridge. Easy commute down RT 301 to RT 50 and bridge. Shopping nearby in Centreville and Stevensville. Well maintained home with new carpeting installed throughout for the new buyer. One car attached garage has a kitchenette – great for crab feasts or cookouts – still has room to park a vehicle. Built in 1995. See details online at homesdatabase.com MLS# QA7159607 226 Winchester Rd., Centreville, MD 21617 Listing Broker: Charles Kraus, Coldwell Banker Residential Brokerage (O) 410 919-2642