Corey

I am wondering about 21075 vs. 21076 because I am considering buying a Ryan townhome in either Belmont Station (21075, Elkridge) or in Villages of Dorchester (21076, Hanover). The base price of the homes in Belmont Station is higher than in Villages of Dorchester. (around 345K vs. 329K). However, I recently discovered that the Howard County Housing Commission is "selling" or likewise, forcing the builder to sell 10% of the homes in Belmont Station to "moderate" income families (for a family of 2, they must earn below $60K a year COMBINED--in Howard County that is honestly not moderate income, but really is LOW income) at a price of 195K. I am concerned about buying in Belmont Station because there is the potential that I will have "low" income neighbors who paid half what I did for the same home. What do you think about this? Will having lower income people in the neighborhood (who paid half what I did for the same house) reduce the resale value of my home?? The price of the homes in Villages of Dorchester is moderately less but to my knowledge there are no low income initiatives in that area and the homes all sell for the market rate (330K and up--I checked on the public record and the lowest home sale price so far was 370K.) - Wed Mar 26 2008, 11:39

Is it possible to negotiate price with builders? Can I use a real estate "buyer's" agent in negotiating with a builder? - Mon Mar 17 2008, 13:03