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Gaithersburg, MD Real Estate News

Imputed income from retirement accounts may help seniors qualify for mortgages   Many retired seniors have faced difficulty in qualifying for mortgage financing as they seek to refinance a home or purchase a more suitable retirement residence.  Traditional underwriting requires enough current income to qualify for mortgage financing. Some seniors have turned to reverse mortgage products but they are not suitable for all situations. According to an article by Kenneth R. Harney, in The Nation’s Housing, Freddie Mac now “allows seniors and others to use certain retirement account balances to supplement their incomes for underwriting purposes, without actually tapping those balances or drawing down cash.” Thousands of seniors go to retirement status every day and that will be the situation ...
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By Roy Kelley
(Retired)
Kentlands Alleys Paving Project   Now that summer is approaching, Kentlands residents need to be alert for the continuation of paving projects in the community.  The public streets are maintained by the City of Gaithersburg but the alleys are maintained by the Kentlands Citizens Assembly, the home owners association.  The planned improvements will take place in the alleys.  When the work is being done in the alleys access to the garages that open to the alleys will not be available. So, everybody needs to make sure that their automobiles are moved to the public streets on the scheduled dates.  When work was being done last fall, there were delays and schedule changes as well.  So, if there is any uncertainty about the dates, call Randy Fox at the Clubhouse for an update.   This is the o...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Foreclosed homes in GAITHERSBURG MD                   Gaithersburg Foreclosure Information Maxus Realty Group & Herboso & Associates LLC  is your # 1 source for Foreclosure Information in MD, DC and VA. You can view all available foreclosures for sale, including short sales and HUD properties. See the freshest and the latest foreclosures available right now in Gaithersburg below. Or if you prefer, let us guide you directly at the hottest deals in MD DC and VA right now. Just click on banner above We are here to help you! Watch this video to see where we find the best foreclosures  in Gaithersburg  Maryland. . Latest Foreclosures Are Below $629,900 22117 CREEKVIEW DRIVE, Gaithersburg REO property~. Offers responded to within 24 to 48 hours. Buyer to verify square footage of lot and struc...
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Friday Night Wine Tasting in Kentlands:  Pinky and Pepe’s Grape Escape   One of the regular Friday night events that is enjoyed by many Kentlands area residents is complimentary wine tasting at Pinky & Pepe’s Grape Escape. The hours are from 6 p.m. to 8 p.m. The location is 223 Kentlands Boulevard, Gaithersburg, MD 20878. The store is located in the shopping center between Giant and Kmart and there is plenty of parking. Tonight, Pinky & Pepe’s Grape Escape will be honoring the American spirit and the American Armed Forces. Live music is also a Friday night tradition. Pete Looney will provide entertainment  beginning at 7 p.m. Call 301-869-WINE (9463) if you have questions about the event. www.pinkyandpepesgrapeescape.com Dolores and I like the great selection of wine and beer at Pinky &...
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Finding the most effective blog topics for real estate professionals   I admire the blogs of ActiveRain member Joe Petrowsky.  Not only are Joe’s blogs interesting, they are also successful in the generation of new clients. In a recent email communication, Joe shared a couple of his secrets of success with blogging that I will in turn share with you.  When we are blogging about the world of real estate there are many choices for topics.  However, all of us want to write about the topics that will actually attract new business.  First, set the tone. If you blogs are structured the same way that you would have a conversation with a friend, you might have a more positive response from readers. Real estate professionals are problem solvers.  Every transaction has challenges to overcome. The...
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First synthetic turf soccer field in Gaithersburg   Gaithersburg’s young soccer players should have a new million dollar soccer field by next spring. Program Open Space, a Maryland initiative, has granted the City of Gaithersburg  75% of the cost of a new synthetic turf soccer field. The estimated cost is in the range of one million dollars.  Construction is scheduled to begin in the fall. The location is Lakelands Park, on Main Street next to the Lakelands Park Middle School. There has been continuous demand for the use of this field and the synthetic turf will assure an outstanding playing field. The school will have a joint use agreement with the City of Gaithersburg.  Students and teachers will be allowed to use the field during the day. The field is part of a city park that also in...
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Alex Berenson books for your summertime reading One of my personal goals is to read at least one book each week purely for pleasure. Business books do not count.  Most of the time, I am able to read a couple of novels each week. I just finished reading Alex Berenson’s new book “The Night Ranger” and would like to suggest that you add this thriller to you reading list.  Even better, add the seven books in Berenson’s  series  that feature John Wells to your list of books to read.  You will enjoy all of them and you will be anxiously watching for future books. You will enjoy a higher quality of life if you take time to read books for pleasure. Alex Berenson Books The Faithful Spy (2006) John Wells Series #1  The Ghost War (2008) John Wells Series #2 The Silent Man (2009) John Wells Series ...
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By Roy Kelley
(Retired)
Kentlands Neighborhood Photowalk   The spring flowers are blooming and it is a good time to get outside for a little exercise.  Take a walk through your neighborhood.  Add a camera to your walk and you are ready for a photowalk.  Use your camera to capture the changing colors of the season.  Get up close to the flowers to enjoy the beauty provided by nature. Dolores and I live in the Kentlands community in Gaithersburg, Maryland. The location is in the heart of Montgomery County, in the suburbs of Washington, DC.  Kentlands is a neo-traditional community that was designed for those that want to be able to walk to shopping, professional offices and restaurants.  Kentlands has become one of the favorite locations for families that are relocated to the metropolitan region of the District o...
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By Roy Kelley
(Retired)
Kentlands Memorial Day Cookout   Plan to spend some time with your neighbors on Memorial Day, Monday, May 27, 2013. Kentlands residents will gather on the Clubhouse Lawn from noon to 2 p.m. for the annual Memorial Day Cookout. Grills and condiments will be provided. Just bring your own hot dogs and burgers to cook. There will be music and games for the children. This event is sponsored by the Kentlands Citizens Assembly. Call the Clubhouse at 301-948-2017 to let them know that your family will be attending. For out of the area readers, Kentlands in a neo-traditional community located in Gaithersburg, Maryland, in the heart of Montgomery County.  Kentlands is one of the favorite areas for families that are relocated to the metropolitan region of the District of Columbia. Enjoy the holida...
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Kentlands Community Yard Sale, Saturday June 1   Saturday, June 1 is the date for the Kentlands Annual Community Yard Sale on the Clubhouse lawn. The hours will be from 8 a.m. to noon.  Call 301-948-2071 to reserve a space. This is a very good time to get rid of the extra stuff in the house, basement and garage. If you can’t sell it, give it away or trash it.  If you are looking for bargains, the Community Yard Sale provides a chance to do a little shopping and to meet some of your neighbors.   Crocus, Kentlands IMG_2906 Photograph by Roy Kelley using a Canon PowerShot  G11 camera. Roy and Dolores Kelley Photographs
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Are David Baldacci books on your reading list?   For several years, one of my personal goals has been to read at least one book for pleasure each week.   When we are very busy, it is sometimes necessary to schedule the time we need to spend for relaxation and personal enjoyment.   My wife, Dolores, is an avid reader and always has book recommendations for me. One of our favorite authors is David Baldacci and I think we have read all of his novels. I just finished reading “The Hit” which was published in April.  I keep a list of the books I have read to help us quickly identify the new books by authors we enjoy. This is the list of Baldacci novels that I have read.  I recommend all of them for your reading list. David Baldacci Books Absolute Power (January, 1996) Total Control (January, ...
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Montgomery County, MD Police Advice:  Yield to Pedestrians!   The police in Montgomery County, Maryland are conducting a number of special enforcement efforts to protect pedestrians.  The unannounced “stings” use officers acting as pedestrians to cross streets in marked crosswalks. Drivers that fail to stop for pedestrians at crosswalks are being issued citations. Dozens of citations are being issued for each location.  The volume of driver violations is not a surprise to pedestrians that constantly fear for the safety of themselves and family members as they cross busy streets on a regular basis. Drivers need to change their habits and take extra caution when passing through areas with pedestrian crosswalks. There are no valid excuses for failing to yield to pedestrians. By the way, ma...
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Short sales coded as foreclosures in credit reports   Kenneth R. Harney, in his The Nation’s Housing column, reports that short sales are routinely coded as foreclosures.  “The credit reporting system now in place does not have a separate code that distinguishes a short sale from a foreclosure.” Short sale transactions must be approved by the secured mortgage lenders since the proceeds will not fully satisfy the mortgage loan obligations. Even though the lenders will suffer losses on short sales, the amount of the loss is typically much smaller than the loss in foreclosures. The housing industry recognizes the difference between short sales and foreclosures and mortgage loan underwriters typically will deny new financing for up to seven years after a foreclosure but will consider new fi...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Kentlands Gaithersburg Real Estate The Kentlands is truly the neighborhood of the future. Rather than waste untold amounts of space making room for a car-centric lifestyle, the Kentlands community in western Gaithersburg instead focuses on creating a space where residents can live, work, and play all in the same pedestrian-traffic area if you're considering moving to the Kentlands area, call me right now at 301-246-0001 or send us a message and you'll receive our special relocation package. It includes community highlights, transportation details, and a listing of homes for sale. Communities include: Old Farm Gatehouse Hill Districts Lakes Districts Kentlands Bluff Midtown/Main Street Market Square Kentlands Square Boulevard Shops See The Latest Kentlands Gaithersburg Homes For Sale   $...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Lakelands homes for sale Gaithersburg Maryland  Check the Latest Listings in Gaithersburg Lakelands 20878 $815,000 716 GATESTONE STREET, Gaithersburg This is a remarkable home from the pleasant, relaxing front porch to the exquisite interior that fits the needs of all. 1st flr p... Add to Favorites Request Information Beds 4 Baths 5.0 MLS MC8070811   $809,900 453 PHELPS STREET, Gaithersburg Experience, "The Hidden Jewel", located in the heart of the Lakelands. This luxury NV Abernathy home features an expansive open fl... Add to Favorites Request Information Beds 4 Baths 4.0 MLS MC8057664 SqFt. 3,320   $785,000 446 LEANING OAK STREET, Gaithersburg Open house sunday, april 28, 1:00-4:00pm. Austin model with main level bedroom and full bath. Lg. Gourmet kitchen with granite. ... Add to Fa...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Lakelands Homes for Sale Gaithersburg MD | Real Estate  Complete information about The Lakelands in Gaithersburg Maryland 20878   -Lakelands, along with its sister community Kentlands, is among the largest and arguably most successful of the New Urbanism projects in the state of Maryland and most certainly in Montgomery County Maryland. More than 8,000 residents now live in Kentlands and Lakelands, with office and commercial developments totaling more than 1,000,000 sq ft The newly constructed ICC Intercounty Connector has radically changed the way people move from point to point in Montgomery County and now this community has been enhanced with even more benefits in the transportation side. Lakelands Homes for Sale Gaithersburg MD | Real Estate  | RELOCATION If you're considering movi...
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Gaithersburg Book Festival, Saturday, May 18   The fourth annual Gaithersburg Book Festival will be held this Saturday, May 18, 2013.  The location of the event is the grounds of the Gaithersburg City Hall at 31 South Summit Avenue and the hours are from 10 a.m. to 6 p.m.   Admission is free. The festival attracted 17,000 visitors in 2012 and attendance is expected to grow to 20,000 this year.  According to an article in The Gaithersburg Gazette, the festival was modeled after the Library of Congress National Book Festival that is held each fall on the National Mall in Washington, DC. About 100 authors are expected to attend the event and many of them will be offering their books for sale. Free parking and a shuttle will be provided from Lakeforest Mall to the festival.  For more inform...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Kentlands Gaithersburg Real Estate | Homes For Sale MD Complete information about The Kentlands in Gaithersburg Maryland 20878 Kentlands truly is the neighborhood of the future. Rather than waste untold amounts of space making room for a car-centric lifestyle, the Kentlands community in western Gaithersburg instead focuses on creating a space where residents can live, work, and play all in the same pedestrian-traffic area. Within walking distance of any residence in the city, you will find pocket parks, a downtown commercial district, schools, churches, an impressively large arts center, lakes, jogging trails, swimming pools, playgrounds, performance theaters, a movie cinema, cafes, grocery stores, banks, offices, stores, dozens of restaurants, and even a clubhouse. Kentlands is the la...
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Celebrate National Chocolate Chip Cookie Day!   Be sure to have some of your favorite chocolate chip cookies  to celebrate National Chocolate Chip Cookie Day.  Dolores likes the crisp and crumbly cookies and I tend to prefer the soft and chewy chocolate chip cookies.  Dolores likes to freeze a batch of cookies so she can take single cookies out for special treats. According to the Los Angeles Times, chocolate chip cookies  were created in the 1930’s by Ruth Wakefield at the Toll House Inn in Whitman, Massachusetts. “Wakefield added bits of chopped chocolate to a batch of butter cookie dough, expecting the chocolate to melt into the cookies as they baked. To her surprise, the chocolate held its shape. The chocolate chip cookie was born, and history was made.”  Chocolate Chip Cookie Day: ...
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Montgomery County, MD Real Estate Market Statistics, April, 2013   There are 2,046 active listings of homes for sale in Montgomery County, Maryland.  51 (2.49%) of the available properties are lender owned foreclosures (REO).  117 (5.72%) of the listed homes are short sale pre-foreclosures. Short sale transactions require the approval of the secured mortgage lenders since the proceeds will not fully cover the outstanding mortgage obligations. During April, 2013, the total sold dollar volume of residential real estate in Montgomery County, MD was $485,609,222, up 19.91% from the same month last year. There were 985 closed sales, up 12.96%, with a median sold price of $402,550, up 10.29%.  The average sold price was $493,004, up 6.15% with an average of 50 days on the market.  The average...
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