Dara Lewis | Timonium Real Estate


11200 GLEN ARM RD, GLEN ARM, MD 21057  

Residential
$475,000
Price
3
Bedrooms
4
Baths
Classic Hillside Contemporary. Architecturally designed after Frank Lloyd Wright's famous Fallingwater residence. Wall of windows on upper and lower levels overlooking a beautiful, private 5 acre parcel. Can accommodate horses: outdoor stable & shed. New well & septic 2018. All electrical updated. Daylight lower level has a second kitchen, two full baths, laundry area, and separate room used as a bedroom. Lovely glass doors to full back of house patio. Multi-level decking with sliders into upper rooms. Main level large bedroom was originally 2 bedrooms. Brick surround fireplaces, and large office/hobby area with excellent storage! One owner-Estate Sale.



Selling a house should be quick and easy. Yet issues may arise that make it tough to enjoy a fast, profitable house selling experience.

Common problems that come up during the home selling journey include:

1. Lack of Curb Appeal

Dedicate time and resources to bolster your residence's curb appeal – you'll be glad you did. Remember, your residence only gets one chance to make a positive first impression on homebuyers. If your house impresses buyers when they see it for the first time, buyers may continue to pursue your home and submit requests to view your residence in-person.

To improve your house's curb appeal, you should mow the lawn, trim the hedges and perform various home exterior upgrades. Take an objective view of your home's exterior to identify any problems that may make buyers shy away from your residence. Then, you can correct these issues.

2. Initial Asking Price Is Too High

If your home's initial asking price fails to account for your house's condition and the current state of the real estate market, you may struggle to sell your residence. In fact, in this scenario, it may be many weeks or months before you receive an offer to purchase your residence.

Before you list your house, you may want to conduct a property appraisal. This enables you to receive a home valuation from a property expert. With this valuation in hand, you can set a competitive initial asking price for your house, thereby increasing the likelihood of a quick home sale.

3. Buyer's Market in Place

In a buyer's market, there may be an abundance of available houses and a shortage of property buyers. Thus, if a home seller is not careful, this individual may struggle to achieve the best-possible results.

Analyze the real estate market closely, and you can differentiate a buyer's market from a seller's one. If you find that homes linger on the real estate market for many weeks or months before they sell, you likely are preparing to enter a buyer's market. As a result, you'll need to go above and beyond the call of duty to differentiate your house from the competition.

When it comes to selling a house in a buyer's market, it may be beneficial to hire a real estate agent. This housing market professional can help you craft a plan that ensures you can seamlessly navigate the home selling journey, regardless of the current real estate market's conditions.

A real estate agent first will meet with you and learn about your home selling goals. He or she next will develop a personalized home selling strategy and promote your residence to prospective buyers. And if you receive an offer to purchase your house, a real estate agent will help you review this proposal and determine the best course of action.

Take the guesswork out of the home selling journey – collaborate with a real estate agent, and you can get plenty of help as you get ready to sell your residence.



1727 AMUSKAI RD, BALTIMORE, MD 21234  

Residential
$175,000
Price
3
Bedrooms
2
Baths
Fantastic EOG has large side yard & parking pad. Rear 12 x 16 covered deck. NEW ROOF! Designer kitchen: granite & SS, ceramic tile flooring, extra cabinets. H/W floors in bedrooms, LR, and DR. Ceramic tile upper bath. Fully renovated LL rec room has recessed lighting, NEW flooring, separate laundry area, walk out & FULL BATH. 1-Year Home Warranty included. Walk to shopping & STARBUCKS!



601 BUDLEIGH CIR, LUTHERVILLE TIMONIUM, MD 21093  

Residential
$285,000
Price
2
Bedrooms
4
Baths
End of group with a fantastic back and side yard....backs to trees and total privacy. Rear deck and patio. Renovated kitchen has granite, stainless appliances and custom cabinetry, built-in for entertaining. LL Rec Room: fireplace/ wood stove insert. Two master bedroom suites...each with its own bath and french doors. Open floor plan/ staircase with palladian window, decorative moldings.



Perhaps one of the most challenging things about buying a home is saving for the downpayment. Collecting such a large sum of money can be difficult. The truth is that most buyers actually think that they need more than they actually do to buy a home. The downpayment doesn’t need to be a barrier to your path to homeownership. There are so many programs that offer low and even no down payment home loans. Read on to learn more about down payments and programs that can help you. 


First, let’s look at what a down payment is and how it can help you. If you put 10% down on a $200,000 home that’s $20,000. The downpayment minus the purchase price of the home is $180,000, and that's how much your home loan will be. The more money you can put down on the house, the lower your home loan will be and the lower your monthly mortgage payments will be. A large down payment can indeed save you in the long term. If you’re looking to move into a home sooner rather than later, saving a considerable sum isn’t always possible.  


Low Downpayment Mortgages


You need to decide what type of home loan you need by the amount of downpayment you’re willing and able to put down. Some benefits go along with making a down payment, but there are some negatives. 


By making a substantial down payment you may despite your savings, leaving little money for emergencies. Your mortgage rate may not be affected by a large downpayment either. It can be hard to decide what type of loan to get and just how much you really can afford.  


FHA Loans


FHA loans are among the most popular type of home loans. The downpayment that’s required is just 3.5%. The requirements are simple, and you don’t have to be a first-time homebuyer to qualify. 


The drawback to an FHA loan is that you cannot cancel the monthly mortgage insurance that comes along with it unless you refinance the home. Traditional mortgage insurance is canceled when you have built up 20% equity in the house, but this isn’t the case with FHA loans. 


Another positive about FHA loans is that your credit score doesn’t have to be stellar in order for you to qualify. Some lenders approve FHA loans with credit scores as low as 580. 


VA Home Loans


Buyers who have current or former military service status can qualify for this zero down mortgage. These loans are benefits to veterans and current members of the Armed Forces. While no downpayment is required, buyers may put down any amount they wish. The only requirements are that buyers be members of the military either currently serving for 90 days or two years of active duty service if not an active member.   


The above options are great for those who can’t afford or don’t wish to put down large down payments but still hope to be homeowners.