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Home Selling in Anne Arundel County : Real Estate Advice

  • All28
  • Local Info3
  • Home Buying8
  • Home Selling1
  • Market Conditions0

Activity 19
Tue Jul 24, 2012
Jessica Hood & Laura Roskelly answered:

The last sale in that neighborhood was in August of 2011 for $194,900. It was a 3 bedroom 1 bath with hardwood floors, an updated kitchen and an "as-is" pool The total s.f. was 1292. If you are interested in a valuation for your existing home or one you are considering purchase give me a buzz! ... more
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Wed Jan 25, 2012
brent mendelson answered:
I use it for each home but take it with a grain of salt. I would put far more trust with a realtor's opinion who knows Glen Burnie than some national computer. Juat my two cents hope it helps.

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Sat Sep 21, 2013
Anna M Brocco answered:
Consider interviewing a few agents from different realty companies and ask for a cma, comparative market analysis; review the data, ask for opinions and determine a value, possibly hire one of those agents as your listing agent. Since you state "I am very very serious about selling it as long as the price is right ", keep in mind that a home is worth what someone is willing to pay for it; it doesn’t matter what the seller needs or potential buyers can afford to spend; market conditions do matter as does the immediacy for a transaction to take place. In setting a price, it is in your best interest to focus on the current market conditions in conjunction with general economic value projections over the next six months... ... more
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Tue Aug 2, 2011
Larissa Jelen answered:
There are many Brac people coming in June and maybe in August. If I can help you list your home feel free to email me
0 votes 11 answers Share Flag
Mon May 20, 2013
Ariana Loucas answered:
Hi Ryan,
Good question and you're wise to involve an attorney. My suggestion would be to ask your REALTOR who may have one at hand. Also check with the title company your agent uses. Good luck!

Ariana Loucas, REALTOR
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0 votes 7 answers Share Flag
Sat Sep 11, 2010
Scott Miller answered:
Hi Dianne. Your home sounds beautiful. In fact, it sounds perfect and probably is! You might not like what I have to say, but I want to be honest with you. Did you ever hear the saying, "Everything sells at the right price"? That's it, in a nutshell.

If you've only had 5 showings since the last week in June, you're price is simply too high. I would suggest something XXL as far as price reductions go. You don't want to keep 'running after the market'. You really need to get in FRONT of this slide in prices with a low enough number that will generate showings, and more important, OFFERS!


Scott Miller, Realty Associates, Boca Raton, FL
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Fri Jun 24, 2011
Gerard Dunn answered:
Lisa - The mortgage will never be marked "Paid in Full" unless it truly IS Paid in Full.

The mortgage on a short sale will be marked as "Account Settled for less than Full Amount" .

This will adversely affect your credit - but not nearly to the extent of a foreclosure.

I would get in touch with Bank of America and explain your quandry. Tell them you are willing to keep the account current - if they are willing to work with you on a short sale.

This is the best possible solution in your situation - and will allow you to move on with your life until you are both back working .

Good Luck!

Gerard Dunn
Associate Broker ~ Over 27 Years of licensure
Serving Maryland, DC and Northern Virginia
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Fri May 16, 2014
Mack McCoy answered:
No, Shelly, they won't. Unless their buyer has previously agreed to pay a commission, buyer's agents will avoid you.

Best wishes,
0 votes 18 answers Share Flag
Mon Mar 15, 2010
Kathy Dawson, GRI, MRP answered:
I would speak with your Realtor and discuss the marketing plan. See what is and isn't being tapped into and maybe change it a bit. You may also want to consider offering an agent bonus in addition to the selling agent's commission, this ususally attracts more attention to the listing.
I hope this helps!
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0 votes 16 answers Share Flag
Mon Jun 14, 2010
Jessica Hood & Laura Roskelly answered:
Wow you hit the nail on the head. My daughter and I are both licensed Realtors and Accredited Staging Professionals. We don't list homes that aren't "show ready" including staging by us. As a result our days on market is less than 1/2 the county average and our list price to sale price stays at or above 97%. It is a lot of hard work, and sometimes an uncomfortable conversation that you have to have with the seller about what it takes, but the results are amazing. I'm with you all the way. ... more
0 votes 14 answers Share Flag
Mon Mar 15, 2010
Connie Erickson answered:
Normally, the bylaws, declaration, articles of incorporation, rules and regulations and financials are provided to the buyer when an offer is accepted. There should be a contingency that the buyer can review these documents within so many days and cancel the contract if buyer chooses to.

With that being said you could go to the HOA management company and ask to review these docs in their office.
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Fri Jul 17, 2009
Choice Worldwide Properties answered:
I would suggest some staging tips as well as repainting your home to more neutral colors. The outside landscaping looks like it could be updated.
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Sat Apr 18, 2009
Dallas Texas answered:
Pricing is based on 6 months of closed sales in a given area. Therefore agents appraisers use those figures determine value of home either list for sale, or submitting an offer.

Banks cant lend money on overvalued homes .

Home foreclosures based on many families lose of jobs could no longer afford live in their homes .
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Sun Jun 26, 2011
Brian Pakulla answered:
Without a doubt, 110% confident, do it before you list the home!!!! First impressions are the most important thing. Buyers have problems picturing what they can't see.
0 votes 13 answers Share Flag
Tue Aug 19, 2008
Brian Pakulla answered:

With this market, typically a home will rent faster than it sells. However, deciding to rent vs sell should be based upon a long term financial decision. Long term rentals can be great. Over long periods of time the housing prices generally goes up. Short term rentals can be tough. For several reasons....1) renters typically decrease your market value by several percent, sometimes 5-10%. 2) the market is depreciating right now, so home prices could be lower if you decide to sell in 1-2 years.

I would need a bit more info about your property to determine rental value. You should base your rental value upon other homes that have recently rented. Feel free to contact me about your property and I'd be happy to give you values.

Sorry, I don't know of any good property managers. A real estate agent can help you find a tenant, but if you are in NC, you probably want a full scale property manager. Be aware, the cost of a property manager can eat into your monthly profit.
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0 votes 7 answers Share Flag
Sun Jun 26, 2011
Monique answered:
Renting out is probably your best solution. Looking at the market is like looking into a crystal ball, it can be hard to predict. Also each market is different. I've heard reports that the market is expected to break and improve next year. You could take a year's lease and see where the market is at next year. ... more
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Sat Jan 10, 2009
Audrey Hoffman, Home Stager answered:

Have you considered home staging? Often a stager can save a seller money in lieu of costly renovations--updating fixtures, cabinets, painting, accents, et cetera. That being said, key aspects of the home are kitchen and bath.

View comparable properties in your area online to get an idea of what the potential "competition" would be and consider how you can better position your home.

All the best,

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0 votes 19 answers Share Flag
Thu Dec 13, 2007
Ian A. Wolf answered:
If the bank approves the short sale you are not responsible for the balance. By accepting it, they are saying they'll taks less then what is owed. However, you should not expect to receive proceeds from the sale and your credit can still be negatively affected. You may also be responsible for the taxes on the forgiven debt, which currently is considered income by the IRS. There is legislation to change this and you can find out more info on that by checking the link below. In my opinion though, a short sale is definitely better then getting foreclosed. ... more
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Mon Nov 12, 2007
Michael Hamby answered:
The property, actually listed at 6.32 acres and in the Annapolis 21401 zip code, is assessed at $384,440 (land only). That makes the assessed value $60,829 per acre.

There is currently a 20 acre lot in Crownsville listed for $900,000. The most recent sale in Crownsville was a 6 acre parcel with approved perc that sold for $494,000.

The neighbor, at 1810, paid $437,500 on 12/28/2001 for 2.83 acres.

I think that is the relevant sale to address. Basically I think that the land is worth around $100,000 per acre.

Feel free to contact me for the pertinent tax records.

Is the property that is currently in dispute with county regarding the reduction of the existing rules that reqire 10 acres for assisted living?
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