Paris road was acquired by one of Baltimore's most well know real estate groups. They purchased this property and all their properties based on core factors of location, schools, and affordability. All the renovations are completed by Baltimore small business owners. 7002 Paris Road is one property of a 1.6 million dollar portfolio, which generates approximately 3 million dollars in the local economy every year. This is a true sign of the pride of Baltimore.
The property is full of amenities. Upgraded wood trim and stone finishes, the latest Home and Garden style kitchens and bathrooms, top grade flooring, and custom paint job.
You can own this property for less than $1700 a month and with 3.5% down payment. Ask how you can own this property with NO MONEY DOWN. Please contact Danny Bowling with R.E. Shilow email@example.com or 443-900-7055.
Here is an interesting fact, the average apartment these days will cost between $1,200.00 to $1,800.00 per month depending on the area. In most cases, working with the right Real Estate Agent and their Lender Partners you could purchase a home for $300K with minimal money down. And in most cases the seller will help with the closing cost! That would put your payment right about $1,400.00 per month! We even have programs that you can purchase a home with no money down.
It all starts with scheduling your Home Buyers Consultation. At R.E. Shilow Realty we don't want to hard sell anyone. Our goal is to simply guide you through the process and offer our expert opinion and market knowledge so you can begin building your family's memories in your dream home!
So don't let a simple 15 minute conversation stand in the way of starting your new life!
Being Maryland is directly adjacent to the most powerful city in the world, Washington D.C., we tend to be more in tune with politics than the rest of the country. 2016 has certainly been viewed by many as the most divided and economic uncertain election in our lives. It seems the country has never been more divided and at the center of the divide is the health of our economy. Through the political unrest there does not seem to be any waiver in consumer confidence in the Maryland home buying market.
Consumer confidence as recorded by the Conference Board has hit a decade high since 2007, right before the great recession. A mixture of steady job growth, increasing wages, and the lowest mortgage rates ever recorded in America has seemed to give Maryland a boost in confidence.
Faster home sale growth has been recorded in Howard County 20%, Anne Arundel County 16%, and Baltimore city 14% year over year. Even the counties of Charles, Frederick, and Montgomery have experienced double digit growth.
For many years the first time home buyer market was very slow, but now with rising employment, wages, and easing credit guidelines the first time home buyers are starting to come out in force not only buying homes, but buying the most expensive homes they can afford. This is putting pressure on the median and average home sale prices and for the first time in the last 10 years causing a decline in inventory and edging list prices higher.
With the number of job openings increasing in Maryland particularly through the I-95 corridor the short term outlook is positive and showing signs of even more improvement. Interest rates are looking to edge higher, but not by much and are seen to stay very favorable for home buying and commercial buying for the next year.
For more information on your local housing outlook or to get a value analysis of your home, please give us a call or email at 443.602.9900 firstname.lastname@example.org.
Ryan E. Shilow
A Johns Hopkins Mater of Real Estate
Maryland Real Estate Broker of Record
Greater Baltimore median sales price of approximately $255,000 was up 8% from last year, and at the highest October level since the great recession.
The sales volume across the greater Baltimore area was just over 900 million, up over 10% from last year.
October closed sales of 3,060 transactions were up over 3% compared to last year. This was the highest level of October sales recorded since 2005.
The number of new listings dropped 9.8% to 4,327 compared to last year. Showing a stronger sellers market with a drop in inventory/homes for sale.
The number of active listings declined by just under a staggering 15% to 11,958, marking 14 months of declining inventory levels. Again showing a signs of a possible on coming sellers market.
The average percentage of original list price received at sale in October was 94.8%, the highest October level in a decade.
The median days-on-market was 40 days, down from 47 days last year.
Our greater Baltimore Market (Howard County, Baltimore County, Harford County, Howard County, and Baltimore City) is showing signs of true market growth that has not been seen in over a decade. What is driving this growth? Is it the change in our president? or Is it a still low interest rate environment powered by he central bank? or Is it our areas citizens that have been working harder since the great recession to make a better life for themselves and our community? We are not 100% sure, but one thing is for certain; the out look of our local housing market and economy are showing strong signs of forward motion.
For more information on our real estate market, please contact an associate or our broker directly at 443.602.9900.
By: Ryan E. Shilow
As an educated buyer, you have been searching for months to find that perfect home that covers all the checklists. After a few months of learning, scouring, and negotiating the market, you finally have an accepted offer and are ready to end this lengthy process. Before you go ahead and ask for the delivery of the home, there are several important steps that need to occur. Luckily, you have an experienced realtor who will be representing your best interests in closing on your new home.
make sure your earnest money is deposited promptly and correctly into escrow. This money is used as a sign of good faith, this will make the sellers feel good about taking the house off the market.
Once the contract is ratified, it is important to get your inspections done ASAP to make sure you meet all contractual requirements. It is typical to have a general inspection done, with potentially more inspections ordered if there was something found that requires a specific inspection (mold, termites, etc.).
While this is happening, you will also be working with your lender to make sure that all of the documentation is in order and the mortgage can be applied for and processed. Furthermore, you will be working with your title company to make sure the title is clean of all liens or other judgments.
After the home has been inspected, the lending organization will want an appraisal done, to ensure the property is valued correctly before committing to a loan agreement.
Once all of these steps are taken, and issues that come up are mitigated, it is finally time to close on your home. It is important to remember that the process of closing on your new home is one that needs to be handled with skill and expert navigation. The real estate experts at R.E. Shilow Realty will be there for you every step of the way.
If you are new into the field of real estate investment, you need to realize some troubles you are going to face while selling your home. These troubles are partially or completely due to ten commonly made mistakes. Therefore, before getting started, we highly recommend you to take a look at the problems that you may face when selling your home:
Real estate investment is not as simple as it looks on the paper. While you may be relying a lot on your abilities that puts you under the guard of restrictions, your competitors could be taking a step ahead. This step ahead is seeking the professional help. Make sure you get Experts' Opinions before making any step in selling your property.
If you let your emotions control the decisions you are going to make about selling your property, you are going to face losses in the long run. A lot of newbies tend to make emotional decisions while negotiating with the buyers, which can harm the potential opportunities.
3) Poor presentation:
Fill your house and never present it empty. You do not have to buy new furniture. But getting your house a little decorated with the furniture you already own will add a lot of charm to it.
Renovating your house will undeniably take some cost. But you have to look at the benefits you will get out of it later. The renovation will increase the value of your property and enhance your reputation as a seller. And this will undoubtedly raise the value.
A lot of sellers refrain from advertising their house. However, we assure that putting a little time and effort with your real estate professional into good advertising will bring:
Spending your time and energy in developing healthy relationship with a great real estate agent promises to bring you success. No one but an established real estate agent can guide you about the real pros and cons of the land and property you own.
You may think that deceiving sellers about the problems of the area you own will work. It is not that simple. Professional home inspectors can easily detect all the small and big problems of a house. So you should be open about elaborating the issues your property has. This will also keep your reputation intact.
This is where professional help makes a huge impact. Over-pricing or under-pricing your property can bring huge losses. So it is highly recommended to get your house properly priced from an agent. You can start by getting your home value here.
The prices of certain areas keep going up and down. Make sure you sell your house at the best possible time to get the most favorable results.
Conventional thinking may be good at times, but not always. People demand change in terms of outlook. You have to make sure you build your place with the modern trends. For instance, contemporary style houses are more common in the current era. I great way to stay on top of real estate trends is to start reading blogs on places like Active Rain and Real Town.
To sum it up, we would advise you to go step-by-step before putting your property up for sale. Getting hasty about it will only bring harm. Seek professional help, renovate your house according to the new trends, advertise it, get in touch with an agent and you can easily avoid the common mistakes that newbie sellers make.
Roughly 3 or 4 months ago I was going through my typical Fall Sunday routine. I was watching football, yelling at the television hoping my fantasy football team would pull out a win for the week.Then a lead came into my database. I give the gentleman a call and start to talk to him about his real estate search. He was searching in Howard County, specifically in Ellicott City. Ellicott City is one of my favorite parts of Howard County. The homes are beautiful and the area is very historic. While talking Steve on the phone we arranged a time to go look at a specific property that he inquired about. I quickly went to the home in Ellicott City to meet him and his wife Min. As I’m showing them the home, I’m getting to know and study exactly what they are looking for in a home. One thing Steve was very concerned about was getting a good deal and not over-paying for their first and most important investment as a family, their home. After we looked at the initial home Steve inquired about, we arranged times to go look at other homes. We went out a few days looking at over 20 properties and found a house that they were ready to put an offer on. Before we put the offer in, I looked over the disclosures and we found out that this home in Ellicott City fell in a flood zone and that purchasing this home would require a special insurance that cost a fortune. Steve and Min decided to not place an offer.
We went back on our Real Estate hunt! One day Steve and Min were looking online at homes and they saw a beautiful home near downtown Ellicott City came on the market and they wanted to go see it right away. I took them out to see the house. When we got to the house there were four other agents and their clients present to go look at this beautiful home. We go through the house and I could tell instantly that this was the right home for them. It was probably the best home that we looked at during our entire search.
Steve and Min decided that they wanted to put an offer in on this house. Anyone familiar with the real estate market in Ellicott City knows that there is a very high demand for homes in this area. With the high demand the homes are selling fast and for top dollar. I put everything together and submit the offer. I knew that we would have to submit a very competitive offer to get this house and it is listed by the top agent in the state, literally! At the same time I knew that Steve and Min didn’t want to pay top dollar for the house.
Before we placed an offer me and my broker contemplated a negotiation strategy to win, and get my clients the home they wanted as much below market price as we could. Their offer was ten thousand less than the asking price with ten thousand seller contribution to the closing cost. The sellers didn’t accept their offer and countered back with a ten thousand over the asking price with ten thousand seller contribution. They countered back basically with the full price offer! I got on the phone and started to bargaining an agreement with the other agent, but we knew exactly what we wanted and used our planned negotiating strategy to get it. Steve and Min told me what the absolute most was that they would pay for the house, and my goal was to get it for them for less than that.
After negotiating with the other agent and his clients, I was able to get them the house for the full asking price plus ten thousand in seller contribution. Our original offer! At the end of it all I was able to get them the home for less than what they were willing to pay and on top of that got the sellers to agree to pay ten thousand dollars in Steve and Mins closing cost. Our negotiation strategy literally gained the client an instant 5% equity, that's $20,000. This was nothing less than an incredible deal for the best home in the entire neighborhood where the homes in this Ellicott City market trade at nothing less than market value. After inspections and the appraisal we settled on this home just in time for the New Year. Congratulations Steve and Min on your first home as a family!
Bloomberg video outlining what the largest home builders in the country are thinking about and where they are starting to invest their money.
Real estate investors should really pay attention to millennials and what they want and need in their homes. Millennials will be the biggest home buying market in the last 50 years and they will be the next real estate baby boom.