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.