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Market Conditions in Hagerstown : Real Estate Advice

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  • Local Info7
  • Home Buying20
  • Home Selling5
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Activity 7
Fri Dec 16, 2016
Malcolm Lawson answered:
Are you looking to rent or sell it? The best way to determine the sales price or rent price is to do a market analysis on your specific home to determine the value. I do these all the time. I compare the subject property to properties have recently rented or sold that are similar as possible to size, style age, ect. I typically try to go back no more then 6 months and try to find comps that are within a few miles. This same technique is what appraisers use to determine value.

I can do this for you for free if you are interested. Reach out to me at malcolm.lawson@kw.com with your property address and what you are hoping to do with it.
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Sun Oct 12, 2014
Ben Thompson answered:
Chi:

It depends on what your definition of "best" is. Some people love maintenance-free condominium style living. Others prefer privacy and some acreage.

Hagerstown has a number of really nice places to live. My suggestion is to either perform a simple internet search, or contact an agent who may assist you in finding a location best for you.

Sincerely,

Ben
(301) 331-9530
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Tue Aug 19, 2014
slunkenweil answered:
It seems some of the owners have stretched to buy into these large homes and lacked the budgets to make the properties complete with landscaping and hardscaping consistent with the size of these houses.

And the hard reality is that Black Rock is an example of a "McMansion" development that is getting a harsh re-valuation from its pre-2008 highs, especially in places where location isn't commanding premium prices, and Black Rock really isn't in a premium location. Some owners are under water and will probably remain there. Despite the ten years or so the development has existed, there is still there an unfinished quality with few trees, no sidewalks (a peeve, and worse a low-budget storm drainage plan that uses swale and culvert over proper under-street storm drains, unfortunate in a supposedly high-end development.)

If you think about what qualities make for a premium neighborhood, besides municipal amenities, consideration given to siting of the houses, respect for the aesthetic advantages of the location, taking advantages of views, light, design of greenswards within the plan to break up the monotony of side-by side properties, mixing both house designs and materials to create variety, sidewalks, street plans that afford attractive street frontage without sacrificing privacy, adequate street width, sidewalks and street lighting, Black Rock Estates fails pretty badly on nearly all these measures. The landscape undulates, but the houses are monotonously all facing the streets with the same setbacks, in a way that suggests this little more than the same grade of planning found in much lower-priced developments. There are houses placed on backlots, facing the backs of the houses in front, which is an odd and unfortunate decision, and shows how little thought or expense was taken to develop a road plan that matched the price points. Neighboring developments have done a much better job of this, and it shows. The overall impression of Black Rock is that it was developed to place as many oversized red-bricked houses in a cornfield as could fit. It is the place to go if you want to cube-out on a newer house, but not really if you want to do so tastefully.

The overall effect is an under-landscaped, overbuilt (gaudily), and at the same time monotonous. Sad really, when the potential for better surely was there. The place seems empty much of the time, eerily so.

I have learned recently that undeveloped parcels behind Black Rock Estates are planned for very different kinds of housing, lower-priced and the roads to these developments will extend from Black Rock's street plan, which will add traffic; something the residents there will likely not appreciate (never mind adding to general congestion on Mt. Aetna Rd.)
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Tue Jun 17, 2014
bighockeygoon asked:
This question was asked from http://www.trulia.com/property/3062005786-43-S-Prospect-St-4-Hagerstown-MD-21740
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Wed Dec 26, 2012
Jessica Hood & Laura Roskelly answered:
Hi Alan,

In condo ownership all units share the cost of certain expenses including comprehensive insurance on replacement of the home and major repairs. Alll owners also participate in the costs to maintain any facilities such as a pool, excercise room or elevator. The condo fee is the monthly share of your maintenance fees that are paid to a master association that manages and handles the repairs and maintenance. ... more
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Mon Apr 23, 2012
Jessica Hood & Laura Roskelly answered:
Hi Ray,

You do not have to have representation in a transaction. But there are some really good reasons TO make that decision. Your agent is free to you. The seller pays their fee. If you hire someone who is well versed in the area you are purchasing they can share details with you about market conditions, concession norms and whether the property appears to be properly priced. In other words, why wouldn't you want a rep? If you go it on your own you will likely be dealing with the representative of the seller who has been hired to act in the sellers best interest. ... more
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Wed Mar 4, 2009
James S Stoneham answered:
Once again this comes back to the supply and demand issue. The supply of houses back there has far outpaced the demand, therefore the house values go down. Let me know if there is anything else you need. My number is 888-762-1554. ... more
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