Charles County's June 2009 Real Estate Outlook

June 22, 2009 by · Leave a Comment 

There’s good news in the Southern Maryland real estate market!  While we’re not out of the downturn just yet, recent changes in the market are positively affecting home sales!  Here’s what the Charles County real estate market looks like: May 2009 2009 2008 Total Sold Dollar Volume: $ 33,466,939 $ 33,607,138 – 0.42 % Average [...]

Southern Maryland Foreclosures: What You Should Know!

May 20, 2009 by · Leave a Comment 

Foreclosures are a great opportunity to get a home at a bargain price in Southern Maryland.  Home buyers need to be wary, however, because there are several easy to miss pitfalls and risks associated with buying a foreclosure. 1.    Condition Dictates Value This means that the condition of the home will affect what the home [...]

$8,000 Tax Credit Can Be Used for Down Payment!

May 15, 2009 by · Leave a Comment 

If you’re looking to buy your first home but can’t afford the down payment, there may be help out there! Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a [...]

Avoiding Bad Apples

March 3, 2009 by · Leave a Comment 

Unfortunately, sometimes things just don’t go according to plan.  Bad apples exist everywhere, especially in the real estate market.  You do your best to avoid them, but the problem with bad apples is that they may look great on the outside, and there’s no way to know about that worm waiting for you to bite! [...]

$8,000 incentive for first-time home buyers!

February 26, 2009 by · Leave a Comment 

The federal government is really pushing home buying incentives right now! It was recently announced that first time home buyers would be eligible for an $8,000 tax credit if they purchased a home in 2009. How it Works: Any first-time home buyer who purchases a home between January 1, 2009 and November 30 , 2009 [...]

Fannie Mae decides they like renters!

December 22, 2008 by · Leave a Comment 

Mortgage giant Fannie Mae has made a major policy change nationwide for renters living in properties that they have foreclosed on.  Up until now, renters could be forcibly evicted from their home after a foreclosure occurred, often without any warning whatsoever.  Starting January 9th, when they start their foreclosures back up, they plan to start [...]

Foreclosure flipping in Charles County, MD

December 20, 2008 by · Leave a Comment 

I’m seeing an increase recently of investors in Charles County looking to buy and flip foreclosures.  For the savvy investor there is a big opportunity to make a nice chuck of change, particularly in Waldorf, but it’s not as easy as Flip This House makes it seem.  Selling a home is still tough in this [...]

New York Times says it's time for first time homebuyers to move!

December 10, 2008 by · Leave a Comment 

The New York Times published an article Friday stating that now is the time for first time home-buyers to take advantage of the market.  It’s an interesting read, but the cliff notes version of it is that interest rates are below 5.5% right now, and it’s possible that they may be pushed down to as [...]

Great News for Home Buyers!

December 3, 2008 by · Leave a Comment 

Great news about the real estate market for home buyers!  Home loan rates have fallen by half a point in the last week!  This means that it is possible to get a home loan for less than 5.5%, which is great news for potential home buyers, and will hopefully increase sales, too!  If you’re in [...]

Lennar Homes Fairway Village in Waldorf, Maryland

November 15, 2008 by · Leave a Comment 

Lennar Homes is responsible for several new construction developments in Charles County, and could be considered one of the regions largest builders.  Among their projects is the 55+ community known as the Heritage at St. Charles, and the Fairway Village Subdivision. The Fairway Village Subdivision is really quite impressive.  The townhomes are in the $200k-$300k [...]

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