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21224 : Real Estate Advice

  • All34
  • Local Info1
  • Home Buying11
  • Home Selling5
  • Market Conditions3

Activity 26
Thu May 4, 2017
Crystalboylan504 asked:
Tue Jan 24, 2017
Brokemarineny asked:
The house was listed through Buildium and auto populated onto several sites. I also posted the listing on Craigslist. I never went directly through Trulia to post the listing. I would…
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Mon Nov 14, 2016
Ryanw312 asked:
Is data pulled from the last several months, the last several years, a 5 year average, etc?
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Tue Apr 14, 2015
martin.s.taylor asked:
this? I'm the owner of this home. The listing is - The house is shown as Sold on 12/19/2009 for $168,750 (Public…
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Tue Jan 27, 2015
Luke Myers answered:
The problem with the Patterson Park neighborhood and places north of the park is that there are many of vacant houses just a few blocks away.

In Canton you have a geographic isolation because the neighborhood is bordered by the Harbor and Patterson park. It is a fundamental principal of real estate where areas that can be isolated will always be worth more.

School districts also vary in Baltimore city so even if you don't have kids the school district will affect the value of homes in certain neighborhoods.

All in all East Baltimore is Experiencing urban renewal I don't think you will go wrong in the 21224 zip code.
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Tue Nov 11, 2014
Kevin Mayhew answered:
Changing the exterior an excellent idea. It is important to create curb appeal. You must be careful however as not all brick manufactured and used in Baltimore row homes was intended as a finished product. All brick is porous and absorbs moisture but most brick today is fired in kilns to harden the clay and give it a mush higher resistance to the elements.
I Baltimore, much of the brick was intended to be painted just like siding to protect it from the weather.
It is best to determine this prior to the removal of formstone so you can be prepared for any extra costs.
You may also find that the formstone is covering other problems.

Good luck on your endeavour.
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Sat Nov 8, 2014
Luke Myers answered:
In making this decision you are speculating on the market. You have to consider the APPRECIATION RATE.

For example if you think that the appreciation rate is 3% in Canton and your home is worth $250,000 then you will get an unrealized gain of $7,500 in the next year + net operating income + principal reduction.

Look on to determine fair market value for rents. Rent should be more than your mortgage.

If you sell you could miss out on the appreciation. No one knows for sure what the market is going to do so if you want to minimize risk sell and put your money in the bank and lose money because the banks rates are less than inflation.
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Sat Sep 13, 2014
Audrey Felts answered:
I suggest looking on Craigslist under the 'housing offered' section. You can also post your situation under the 'housing wanted' section. I hope this helps.. good luck!
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Thu Mar 20, 2014
Fernando Estrada-

Yes, you most definately can purchase a home but there are more factors to consider than just your credit score. How old is your child, I just had my second, she turned three yesterday.

I am a loan officer located on the other end of the US but I do want to let you know that we loan in all 50 states, are nationally respected, and a member of the FDIC.

I would like to chat more with you about the potential for you to purchase. Please feel free to contact me at 208-818-3768 or

Look forward to hearing from you soon......
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Wed Mar 19, 2014
Michael Farabaugh answered:
Yo may contact Mikki Lourdes Underwood, NFM, Inc. at 443-768-1149 for prequalification on a home loan. 600 is doable!... Mike Farabaugh, Central Realty, 410-256-1717
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Wed Feb 5, 2014
The Premier Team answered:
Fri Nov 8, 2013
Randall Yates answered:
Yes. FHA loans are available with a 580 credit score and conventional loans with a 620 and 3% are still available. We specialize in matching borrowers with lenders that have the right loan product that fits your situation. Email me or go to our site for more information, it's a free service. Hope we can help. ... more
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Thu Oct 24, 2013
Kristian Kan answered:
Sure can, as a cash buyer you still have the ability to add contingencies to the contract including but not limited to an appraisal and home inspection which are always recommended.
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Thu Oct 24, 2013
Kristian Kan answered:
Parking can be an invaluable asset here in Canton, as a Canton resident I can definitely attest to that. The value that it adds to the property I have seen vary depending on the ease of getting in and out of the parking spot if there is an alley, etc, and the amount of property that is left over next to the pad for any type of additional patio space or backyard. Generally I would say close to 5% of the market value of a home can be attributed to a parking pad if here in close proximity to Canton square. ... more
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Tue Aug 6, 2013
Mike M answered:
Yes, some homes have settled for as high as $, there are no basements in the community.
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Tue May 28, 2013
Robert Mcgee answered:
The FHA, Fannie, Freddie rules about owner occupancy rates in condos was set up to protect these government supported agencies from financial exposure to what is primarily investment property. Like all rules it has has unintended consequences. You clearly fall into that category. The condo vehicle was probably established for simplicity by the developer prior to all the current rules. Here again, unintended consequences.

In simplest terms,future loans on this building can be either non-conforming or investor conforming. A non conforming loan is one made by a lender that is ineligible for sale to the two Government Sponsored Loan Agencies, Fannie Mae and Freddie Mac. In the past originating loan of this type was not all that complicated. Today it is a thin market because of all the trouble at the banks. In all likelihood a loan of this type will require a larger down payment down and will have a higher interest rate than a conforming loan even for the most qualified buyer. You should talk to a big bank about options. Try Wells Fargo and Chase first .

If the purchaser of your property is an investor both Fannie and Freddie still buy Investor mortgages with 20% down and good credit.

Bob McGee
Advance Realty Timonium
Direct: 410-560-4574
Main Office: 410-561-0004
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Wed Nov 21, 2012
Rhonda Harsh answered:
It looks to be an upcoming neigborhood. We work with clients and investors in that area. Have you been in the property yet? LBP may be an issue depending on when it was last upgraded and how well the upgrade was done. Also, are you planning a rehab or buy and hold transaction? Their are a lot of factors to consider in this post but it can become a realtity. Let us know your exact situation ... more
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