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Annapolis, MD Real Estate News

So, Your Home WAS Listed, It Just Sat There Gathering Dust, and Then the Holidays Rolled Around So you withdrew it from the market. Too much hassle...not enough action. Now what? First, let's look at the reasons it probably didn't sell. 1. Condition - Your home has issues that turned buyers off - you know, peeling Formica, paint colors from the '50's, dings in the walls. 2. Marketing - Your home wasn't presented well enough or widely enough to the marketplace. 3. Price - The market didn't like your asking price. Maybe agents/their buyers didn't come right out and say so. But they said so when they bought something else - a better value - somewhere else. 4. This Really Screwed Up Economy We're All In Right Now. Well, the good news is - other than the economy - you can fix all these thing...
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By Pat Savani
(Champion Realty, Inc.)
Even a property well priced in an over supply market needs to create a competitive advantage. Just that one half percent increased the buyer's purchasing power on a $400,000.00 loan by $22,000 and at 5% by $47,000. Demonstrating to a buyer the power of a lower rate and helping them understand the advantages of focusing on the monthly affordability  and the unique window of opportunity that exists today will help them re-engage. Most lenders on a 30 year fixed buy down will qualify the buyer on the lower rate and that reduces the buyer's qualifying ratios which will help them qualify for the property. It's important to discuss this same opportunity with the seller and the competitive advantage of being proactive in offering a buy down in order increase activity and interest in their list...
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By Pat Savani
(Champion Realty, Inc.)
In Maryland as with much of the country we have an over supply of inventory but now low interest rates may help us move our inventory. Maryland in spite of the negative national economic news still enjoys unemployment below the national trends with a rate of less than 6%. Maryland's major employers are the federal government, defense contractors, healthcare and education. Maryland for the 2nd year in a row was rated the richest state in the nation in 2008. Historically low interest may help reduce the inventory. Low interest rates has generated renewed interest home buying.  Additionally, interest rate buy downs have the potential of leveling off home prices.  When a seller pays an additional point to drop the buyer's interest rate 1% for the life of the loan it can be a win for both th...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
  When we moved to Crofton from San Diego, California, Larry was a young Navy Lieutenant, just completing four years of sea duty.  We were very excited to have some time together after several lengthy deployments, and Annapolis was only about an hour from my family. If you're headed to Annapolis to work at the U.S. Naval Academy or the Naval Station Annapolis, you're probably just as eager as we were - and with good reason.  This is a beautiful place to work and the Annapolis area is a fun place to call home. There is Navy housing 'in the yard" and nearby across the street, but most people live in local neighborhoods in Annapolis, Arnold, Edgewater, Crofton, Severna Park, or Davidsonvlle. You can just click on the links above to see homes in those areas and get a preliminary idea of pr...
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By Martha Brown, Your Homes Around Annapolis Agent
(Long & Foster Real Estate, Inc., Annapolis MD 21403)
 Out and about Loving Annapolis The US Naval Academy Having grown up in Annapolis, the Naval Academy has always held a very large part in my childhood memories. A sea of white uniforms in the summer and another sea of dark uniforms in the winter would converge on my parent's office supply store on weekends as the Mids shopped  for those items that made their studies easier. The Navy football games in the fall were always a coveted ticket where tailgating and laughter rang out among the revelers attending. And the streets of Annapolis were jammed for a time as the middies marched to the stadium located outside the gates of the academy.  The Naval Academy has always been a favorite spot among residents and visitors alike, to run, walk, stroll or bike along the beautiful and scenic Severn ...
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By Charles Kraus, Retired
(None)
Enjoy HD Videos Tours of Annapolis, Maryland and the surrounding area on Annapolis Landscape TV. New episodes posted approximately every two weeks with new HD video of Annapolis and "road trips" to the surrounding area. Visit us on i-Tunes or online at   Annapolis Landscape.TV
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  How important is communication to your clients?  To the consumer?  Are you the type that says that you will get back to them in 5 minutes, but it turns out to be 3 hours?  How do you set your clients expectations?  If your borrower either heard something from your office or from another person, do you just agree with it, or do you find out what was discussed first, before you say okay.   I bring some of this up because just today, I had a borrower who wanted some answers on what took place yesterday. I had put my processor and this borrower' sister in touch with each other, since she has been the go-between since day one. We are closing on Monday and we ran into a snag on Friday, yesterday, because the proof on this specific document was not what was expressed over the phone by the bo...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  I love the holidays - Past, present, & future (please click link before preceding)... I love gatherings.... and I love meeting people. ACtive Rain gatherings -- For those of you new or old to Active Rain, it can be so much fun to meet others that you have followed, who you have talked to, and those that you have made an online connection with.  For those of you that know me, I guess you can say that I am a social butterfly. I just meeting people in general. But better yet, as I have mentioned, meeting in person those that you have connected with. Talk about solidifying those relationships, to bond with, and to grow into the future with. If you don't get tired reading these kinds of blogs, you can read about them in this group.  Active Rain Gatherings Group     About a month ago, my fr...
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By Martha Brown, Your Homes Around Annapolis Agent
(Long & Foster Real Estate, Inc., Annapolis MD 21403)
Out and About Loving Annapolis  Harry Brownes Restaurant In AnnapolisLast Saturday evening during a light and beautiful snowfall, my husband and I headed downtown to Harry Brownes for his company Christmas Party.Located on State Circle in downtown Annapolis, Harry Brownes has been a beautiful addition to the Annapolis restaurant scene for about 20 years. Valet parking is a must when visiting Harry Brownes as the brick lined narrow street on which it is located has limited parking. As we pulled up in front of the restaurant the valet service whipped into action and we were quickly and pleasantly escorted inside. The party was held in the upstairs area of the restaurant where a full bar, comfortable seating and the buffet were all beautifully arranged to serve our needs. As we greeted eac...
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The Story Showcases a $1.2 Million Crownsville Waterfront Home We Found a Buyer For in 18 Days The Annapolis area is fortunate to have a great magazine - What's Up? Annapolis - to keep residents apprised of nearly everything that's going on around here. And we're fortunate to be featured in the December issue's "Real Time Real Estate" editorial section, highlighting a lovely property we sold in Crownsville a few months ago. You can read about it in the magazine - or simply click here to see the online version. I think the key takeaway from the story - at least for sellers - is this quote from my wife/partner, Bev Moss Haedrich: "Instead of chasing the market down with price reduction after price reduction, we strategically positioned this home out front at a fair and reasonable price," ...
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By Stephen Howell, Annapolis MD Homes For Sale 443-994-8043
(Coldwell Banker Residential Brokerage)
With no relief in sight anytime in the immediate future, the government continues to flounder in its attempt to resolve the current economic crisis. Bailouts, stimulus packages, and the recession are topics of casual conversation both at home and at work. Financial gridlock could be a better term to describe the current situation. The Baltimore Metro Home Price Index for November 2008 was down 0.8% from the month prior and down 1.7% from this time last year. The Anne Arundel County index was down 2.0% from the month prior and down 7.4% from this time last year. And, the Annapolis index was down 4.6% from the month prior and down 4.7% from this time last year. The Washington metro area S&P/Case-Shiller Home Price Index published for September was down 2.5% over August and down 17.2% from...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
THE LUXURY HOME MARKET IN MARYLAND IS HOLDING UP FOR HOME BUYERS.   December 2nd, 2008 ANNAPOLIS AND ARNOLD ARE SEEING CLOSED SALES for water front properties.  This happens yearly this time of the year.  Owners of waterfront properties enjoy their home during the summer season and, come fall, think about selling.  What is unique this year is the difference between the list price and sold price.   WaterfronT homes in Annapolis and Arnold sold for about $91% of list price.  Sales in the past have been approximately 94% of list price.  This means that sellers are more willing to negotiate price.  That's good news for luxury home buyers for water front properties in ANNAPOLIS and throughout the many wonderful resources for WATERFRONT PROPERTIES IN MARYLAND.  See map below. WATERFRONT HOMES...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Many times a person would love to search for Annapolis homes for sale by subdivision.  It happens more frequently than not that a friend or co-worker may mention a subdivision or neighborhood that you really like, but just cannot remember the name.  Perhaps the Annapolis subdivisions is in a particular part of town, or near a school or maybe is just the perfect home in the price range you are looking for.  I get so many request for homes in communities in Annapolis ...that I decided to list the most popular Annapolis Subdivisions in this Blog.  These are just the most active Annapolis Homes by listings today November 20, 2008. Annapolis Subdivisions: Actons Landing, Admiral Heights, Amberley, Annapolis, Annapolis Cove, Annapolis Ridge, Annapolis Roads, Arundel on the Bay, Atlantis, Bay ...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
This is an Annapolis Maryland real estate update for Thursday November 20, 2008.  As of today Tuesday Thursday November 20, 2008 there are currently 410 homes for sale in Annapolis Maryland in our MRIS MLS System.  These are fee simple - single family homes detached homes for sale in Annapolis MD.  Annapolis Maryland is located just North West of Washington DC in Anne Arundel County Maryland.  Annapolis Maryland which is also the Captol of Maryland and the County seat of Anne Arundel County has great homes, neighborhoods, and some great subdivisions with reasonably priced single family detached fee simple homes for sale.  Below is a current list of activity on single family homes for sale in Annapolis Maryland. 410 'Active' - Annapolis Maryland Homes 4 'Cntg/KO' -  Annapolis Maryland Ho...
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By Stephen Howell, Annapolis MD Homes For Sale 443-994-8043
(Coldwell Banker Residential Brokerage)
The evening of November 4th was a historic night. The new President-elect faces a daunting array of challenges. One of the most important will be to halt the falling tide of home prices. More and more Americans face declining home values, overwhelming mortgage payments, and the real possibility of foreclosure. Will President-elect Obama be able to turn the tide and stop America slipping from recession into a depression? The Baltimore Metro Home Price Index for October 2008 was down 1.7% from the month prior and down 1.8% from this time last year. The Anne Arundel County index was down 1.2% from the month prior and down 7.4% from this time last year. And, the Annapolis index was down 6.5% from the month prior and down 10.3% from this time last year. Although the Washington DC metro area ...
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By Stephen Howell, Annapolis MD Homes For Sale 443-994-8043
(Coldwell Banker Residential Brokerage)
Do you know anyone who is facing foreclosure?  Anyone who is behind on their mortgage?  Anyone who has lost their job?  Anyone that has not been able to refinance their current mortgage? Today's distressed homeowners need answers and they need an advocate to offer options and help them understand their rights.  When homeowners find that their home is worth less than they owe, they often have no idea of what to do.  It seems impossible to get answers to critical questions about options and how each option might affect their credit in the short-term and ability to purchase a home in the future. As a REALTOR, it's not only my job, it's my passion to provide the help homeowners need when they need it.  So if you, a family member, friend or colleague is faced with an uncertain future, for a ...
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By Stephen Howell, Annapolis MD Homes For Sale 443-994-8043
(Coldwell Banker Residential Brokerage)
A reported by Robin Sidel in a November 1st article in The Wall Street Journal online "J.P. Morgan Chase & Co. launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be."  J.P. Morgage Chase appears to be leading the way in halting the rising tide of foreclosures and homeowner defaults on mortgage payments.  I congradulated J.P. Morgage Chase for stepping up to the plate to address the problem headon.
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By David & Lisa Webber, www.webberteam.com
(RE/MAX Executive)
  My good friend Lisa had an extra ticket to the Navy game so I got to go!  The last time I was at the Naval Academy Stadium it was for my son’s championship game last year, so this was a treat.  We went early to hang out with all of the people tailgating on this beautiful Saturday afternoon – 73 degrees on November 1st!!!  We met up with the class of 1984, had a snack and then went in to enjoy the game. Many of the classes that graduated from the Naval Academy have tents set up with grills and food before and during the game. We had fantastic seats, only 5 rows behind the Navy team. This was believed to be the biggest forth-quarter comeback in school history – they were tied at 7-7 at halftime, Temple was up 27-7 by the 4th, then Navy tied up the game.  Navy scored again in overtime an...
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By Stephen Howell, Annapolis MD Homes For Sale 443-994-8043
(Coldwell Banker Residential Brokerage)
We're not there yet.  We can expect six to twelve more months of declining home prices.  Although not all gloom and doom, "Home prices have already tumbled 20% from their peak three years ago, and will probably sink another 10% before stabilizing. Some 12 million homeowners currently owe more on their mortgages than the houses are worth..." as reported in June Fletcher's article today in The Wall Street Journal. Although Annapolis, Anne Arundel County, and much of Maryland has been relatively immune from foreclosures, they do exist.  Everyone knows someone (whether they realize it or not) who may be in trouble and might be behind in their mortgage and facing foreclosure.  This morning (10/29/08) there are 4,822 active listing in the MLS in Anne Arundel County of which 95 home (1.97%) ar...
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Kendal and I arrived at Ruth's Chris at 6:30 for our reservation. We were promptlyseated by the professional and attractive crew of hostesses. Within minuteswe were greeted by name by our server.  We ordered a bottle of wine from the impressive wine list. I selected a FrenchMeursault $60). After waiting about 3 minutes we were informed that that bottlewas no longer available but that they had a Jobard Meursault 1999. An impressivewine but listed on the list for $100. When I bought this to their attentionthey informed me that the manager had agreed to serve us the $100 bottle for $60!Quite magnanimous. For appetizers Kendal ordered the Lobster Bisque Special ($9.99) not reallya special because it is always available. I ordered the Escargot with Artichokesand Mushrooms in a traditional, i...
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