$410,000 with $5,000 in Closing Help. I have some great market data for that neighborhood if you would like it. Just email me at firstname.lastname@example.org or message through Trulia. Have a great day!... more
The rental market is getting stronger every day in the EC/Catonsville area. The rental prices didn't go up from 2000-2006, but now they are rapidly rising as sales prices are adjusting down. However, the cash flow isn't great compared to many other markets.
I own about 10 homes myself that I rent out (most are town homes or condos in Ellicott City), so if you need any tips, let me know.
Rentals for town homes can vary from $1,300-$3,000 per month, depending on age, condition and size.... more
Kara, generally, your house will sell if it's condition and price make it one of the three best houses on the market for its type and location. The conforming loan increase does help you, but any buyer borrowing more than $417,000 still has to have a stronger financial profile under the new guidelines. Your buyer may also be able to qualify with an FHA loan, which allows a lower down payment. I've found that houses in your price range have to have certain amenities -- spa baths, gourmet kitchens, hardwood and ceramic floors among others -- to appeal to buyers. More to the point -- yes, our market here is picking up, and buyers are entering the marketplace. It's still slower for most sellers than they would like, but a thorough market analysis with an experienced agent will help you decide whether this is your moment to sell.... more