Foreclosure in Baltimore>Question Details

Grace, Home Buyer in Hampton, VA

Cherry Hill

Asked by Grace, Hampton, VA Sat Oct 20, 2007

We have a row house in Cherry Hill. What's the market like in that area? Is this a up and coming area? Should we hold on to our row house or is now a good time to sell? We live in another state and are not very familiar with the market there. Where can we go to research the area?

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The homes in Cherry Hill have sold anywhere from $35,000 (for a shell) $42,900 (foreclosure) to $73,000 for an end unit with new windows and doors and an updated kitchen. If you'd like a complete market analysis of the area, just e-mail or give us a call.
Web Reference: http://www.webberteam.com
0 votes Thank Flag Link Sat Oct 20, 2007
Need additional information to be able to answer your question whether it is a good time to sell or not. How long have you owned the property and has it been rehabbed? Is it currently a rental property? Baltimore is an up and coming area in that it is affordable for many people. A recent article in the Baltimore Sun stated many people are buying homes in Baltimore and commuting to DC for work.
Web Reference: http://www.northropteam.com
1 vote Thank Flag Link Sun Oct 21, 2007
Find an agent that works and sells in that area - not a listing agent, but a selling agent - choose the one who has sold the most homes in the area, and get their advise - have them check listing and sales in the area for the last 2-3 years - one year in the hot market, and the last two of the turn down time - it is not generally a good time to sell, but there are pockets of great opportunities - I deal with a lot of investors who are seeking great deals and are actively buying now - if you want send me the info on your row house, I will present it to almost 400 investors!

Bill Wootan - Team One Leader
Century 21 H T Brown
Web Reference: http://www.billwootan.com
1 vote Thank Flag Link Sun Oct 21, 2007
You sould like you need a good agent. I use to live and I grew up in Cherry Hill. If you need a good agent feel free to contact me and I will put you in touch with one.
The best way to find the answers you need will always come from a local agent who knows the market.
Three things you should consider when picking that agent.
1. Will they communicate with you when and if you need them. In other words you can not afford to hire and agent out of area only to find out they will not communicate.
2. Do they have listings in that area? If they do not then I would go to the next agent.
3. How do they price there homes and how long do they last on the market as compared to the average?
1 vote Thank Flag Link Sat Oct 20, 2007
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