Mechanicsville, MD Real Estate News

By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Written by  Margaret C. Taylor REALTOR® keeping you informed in St Mary's MD.  WHAT DOES IT MEAN TO YOU IF MORTGAGE INTEREST RATES AND HOME PRICES GO UP IN ST MARY'S COUNTY, MD? An increase in Mortgage Interest Rates, or in home prices, will decrease the amount of "house" you can get for your money.  An increase in both at the same time will have an even greater impact.  An increase in the Interest Rate only, will result in a higher monthly payment, in order to lower your monthly payment you will have to reduce the size of your loan, which means you will need to search for Houses for Sale at a lower price than with previous Interest Rates. An increase in the price of Houses for Sale only, will result in a larger loan, which will result in larger monthly payments.  Once again you will ha...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
In the past SEPTIC TANK REPLACEMENT IN ST MARY'S COUNTY MD has been supported by grant  money.  The program involves the upgrading of septic tanks, called Onsite Sewage Disposal Systems(OSDS), to include the installation of a Nitrogeon Reduction Advanced Treatment Unit (ATU).  The goal is to reduce the amount of nitrogeon that goes into the Chesapeake Bay. The program now called CLEAR WATER - The Bay Restoration Grant Program, has improved.  Residential Property Owners can benefit if their income is less than, or equal to, $300,000! There is a priority list but failing, non-failing and non-conforming systems, both inside and outside the Critical Area Buffer, are included.  Even businesses can apply for up to 50% funding. The homeowner should be aware there are some costs involved.  Leac...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
  WHAT DOES IT MEAN TO YOU IF MORTGAGE INTEREST RATES AND HOME PRICES RISE? An increase in Mortgage Interest Rates, or home prices, will decrease the amount of "house" you can get for your money. An increase in both at the same time will have an even greater impact. One point of view on "What Happens When Interst Rates Rise?" published by RISMedia can be found here. An increase in the Interest Rate only, will result in a higher monthly payment, in order to lower your monthly payment you will have to reduce the size of your loan, which means you will need to search for Houses for Sale at a lower price than with previous Interest Rates. An increase in the price of Houses for Sale only, will result in a larger loan, which will result in larger monthly payments. Once again you will have to ...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
     Before we get down to business please enjoy a little fun with me. Who do you need : Margaret C. the CENTURY 21 REALTOR® OR Margaret C. the RACE CAR DRIVER IN Calvert, Charles or St Mary's County, SOUTHERN MARYLAND!!  YOU need Margaret C. the REALTOR® to represent you. Century 21 is sponsoring the Sarah Fisher Hartman Racing Team in the Indy 500.  Go Team!  But I'm here to represent YOU!     Let me take the stress out of the Home Buying Process.  I will help you understand each step and prepare you for the next one. Did you know Homeowner's selling their house are usually represented by a Real Estate Agent?  You need your own Real Estate Agent to represent you.  I can be your Buyer's Agent and help you see any House for Sale in the market.  This blog is presented by Margaret C. Tayl...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Maybe you've been wondering what's been happening in  the ST MARYS COUNTY MARYLAND HOUSING Market.  Please find below a detailed report courtesy of RBI Real Estate Business Intelligence. Detailed Report:   ST MARYS COUNTY MARYLAND MARCH HOUSING STATISTICS Whether you are buying, or selling, these Housing Market Statistics give you knowledge that can help you know what to expect. Remember that Real Estate trends are very local.  If you want the Housing Market Statistics for your area please contact me.   Written by Margaret C. Taylor REALTOR® sharing information and events in St Mary's MD. I am qualified to help YOU buy or sell your home, or real estate investment. YOU need a Buyer’s Agent, or Listing Agent, to represent YOU. ASK A QUESTION HERE  RealEstate@MargaretC.com CALL or TEXT 301...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
I have previously written about the USDA Rural Development NO Down Payment Loan in St Mary's, Calvert and Charles County.  The RD loan may be used to buy a house for sale if both you and the house qualify.  However many houses for sale are not in the Rural Development eligibility areas.  So what do you do if the house you have chosen to buy is not in the RD area and you have limited funds saved?  First of all if you are a Veteran, you should be able to use your Veteran's benefit to buy a house with a NO Down Payment  VA loan. Most FHA loans require 3.5% Down Payment.  Is this more than you have saved? I recently learned of a 2% Down Payment Loan from Wells Fargo Home Mortgage in St Mary's and Calvert Counties. This is a low  Loan Down Payment Loan and there is NO Mortgage Insurance! Inc...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Here's an interesting article about NOT ONLY WHAT TO PAINT AT YOUR HOUSE BUT ALSO WHAT PAINT TO USE! Why do I think it is interesting?  Because I'm the person in paragraph three 'picking a color and slapping it on'.  Also if I've had success with a product in the past then I usually stick with it, paragraph 5! Alan J. Heavens shares his views in his article:  "Your Place: Buy the Right Paint Before Grabbing a Brush"  RESMEDIA March 14, 2013  suggesting that a little more thought needs to go into each painting project. I will keep this article and refer back to it when it's time to paint in a month or two.  I know what I want to paint but I will pay a little more attention to what paint I will use.  I hope you find this useful. Presented by  Margaret C. Taylor REALTOR® sharing informatio...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
 Hi, I am Margaret C. Taylor REALTOR® sharing information and events in St Mary's, Calvert and Charles Counties. I previously blogged about possible changes in RD eligible areas in Southern MD and asked DO YOU NEED A 100% USDA RURAL DEVELOPMENT LOAN TO BUY OR SELL A HOUSE in St Mary's, Calvert and Charles County Maryland?  Well if the answer to this question is 'YES' then you night want to BUY A HOUSE NOW, because CHANGES IN AREAS ELIGIBLE FOR the  Rural Development 100% FINANCING are COMING on March 27, 2013.  An example is this house in Great Mills MD, that is eligible NOW but may not be eligible after March 27!         Although, the changes will not be confirmed until March 27, it looks like there will be less opportunity to use an RD loan in: -parts of southern St Mary's County, MD ...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Did you know that you can BUY A HOUSE FOR SALE IN MECHANICSVILLE MD AND COMMUTE TO DC BY BUS? Hi,  I'm  Margaret C. Taylor REALTOR® sharing information and events in St Mary's Maryland. If you BUY New Construction, or a previously owned home, in the Mechanicsville MD area, you can commute to DC or PAX River Naval Air Station.  If you're commuting north from Mechanicsville MD let the MTA do the driving for you.  You can sit back, relax and catch a few more zzz's!  The Maryland Transit Administration, has provided bus service for commuter ridership north, out of St Mary's County MD, since 1989.  MTA started with 10 daily, commuter bus trips, now there are 24 morning trips and 23 afternoon trips.  You choose which one is convenient for you! To avoid parking problems as St Mary's County, MD...
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By Jonathan Benya, The Benya Group
(The Benya Group)
The Mechanicsville Optimist Club is hosting their 28th Annual Fantasy Night! The night will consist of food, drinks, live music and dancing. There will be 25 prizes given away which total $7,400 and every 10th ticket drawn will win $125! I've been before and had a blast and I'll definitely be there again this year! Fantasy Night will be on Saturday March 9th starting at 6:30pm and will be held at the Mechanicsville Volunteer Fire Department Social Hall. Food will be catered by Rita B's Catering and the music will be No Green Jelly Beenz Wes Ryce Acoustic. Tickets for this event are $125 which includes 2 people and are tax deductible!The tickets include the food, open bar, and entertainment. To purchase tickets contact:Dennis Reed at (301)884-3628 / rdreed@aol.com OR Kim Rye at (240) 417...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
We all have different housing needs and criteria.  You have to decide   WHICH ONE IS RIGHT FOR YOU, NEW CONSTRUCTION OR AN OLDER HOME?         Whether you choose New Construction or an Older Home you need a Buyer's Agent to represent YOU. I am Margaret C. Taylor Century 21 REALTOR® sharing information and events in St Mary's MD. I am qualified to help YOU buy your next home, or real estate investment. YOU need a Buyer’s Agent to represent YOU. Monica O'Neill presents some thoughts in the following article New Home vs Old home ASK A QUESTION HERE RealEstate@MargaretC.com CALL or TEXT 301 481 8407 for a FREE Consultation I am a Century 21 New Millennium Real Estate Agent. Ask for MARGARET C. I would be pleased to show you homes in Lexington Park, Great Mills, California, Hollywood, Leonar...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Yesterday September 13, 2012 the FED'S announced they PLAN TO KEEP INTEREST RATES LOW not for just one or two years but for three years!! I am Margaret C. Taylor Century 21 New Millennium REALTOR® sharing information in St Mary's MD. By buying Bank Bonds, mostly mortgage debt, the FED'S PLAN TO KEEP INTEREST RATES LOW which they hope will encourage Bank lending and consumer buying. What does this mean for the Buyers in the Housing Market?  The LOW INTEREST RATES enable Buyers to purchase more house or keep their monthly payments lower.  This should result in more Buyers.  What does this mean for Home Sellers in the Housing Market?  More Buyers results in more sales and decreases inventory, which in turn could result in increased Sales Prices. As you can see, one of the positive results ...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
FASTER SHORT SALE TIME LINES INCLUDED IN FORECLOSURE SETTLEMENT for 5 major loan servicers:   Bank of America Corporation, J.P. Morgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. Under the terms of the Mortgage Serving Agreement filed in Federal Court on March 12, 2012 stricter SHORT SALE TIMELINES will need to be adhered to by the Loan Servicers above. The SHORT SALE TIMELINES for these Loan Service providers will be similar to the standards in the Home Affordable Foreclosure Alternative, HARP program, implemented in 2010.  Penalties will be in place for Servicers repeatedly failing to meet SHORT SALE TIME LINES. HousingWire lists these standards iin it's article AG SETTLEMENT STARTS THE CLOCK ON SHORT SALES by Jon Prior.  If Homeowners, Real Estate Agent...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Another step in the REDEVELOPMENT OF LEXINGTON PARK AND GREAT MILLS MARYLAND occurred on December 7, 2011 when an abandoned Mobil gas station was torn down.  The property is zoned Commercial Mixed Use, which allows a variety of uses including office buildings and drive through restaurants. This gas station that had stood vacant since 1998, was purchased by one of Cherry Cove Land Development's subsidaries.  They also purchased the old Mike's Bar and Restaurant on Great Mills Road, which is expected to be torn down too.  There are no immediate plans for their investment in these properties. Another abandoned gas station still stands at the intersection of Great Mills Rd and Chancellor's Run Rd. Robin Finnacom, director pf the Community Development Corp., which works to revitalize Lexingt...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
I am a Century 21 Real Estate Agent and I am often asked "How's the housing market?" and even IS NOW THE TIME TO INVEST IN REAL ESTATE? One of my answer's to these questions is that people need a place to live and that there are always people buying or selling houses, the numbers just change. With the recent housing market upheavals some say more people are renting.  If this is true someone has to own the houses that are being rented.  The question is "Should that person be you?"  IS NOW THE TIME TO INVEST IN REAL ESTATE? This article, by Steve Cook, was published by RREIN Daily e-News "Consumers Expect Big Rate Hikes in 2012" suggests Rental prices are on the rise, December 12, 2011.  Increase in rent prices are mostly related to increase demand and decreased supply.  You become the 's...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
There can be power in long term REAL ESTATE INVESTMENT if you understand the process and proceed with care. I am Margaret C. a Century 21 New Millennium Real Estate Agent and Realtor® who can assist you in buying Real Estate to use for investment purposes in CHARLES, CALVERT AND ST MARY'S COUNTIES MARYLAND. You will want Buyer’s Representation.  Call or text Margaret C. at 301 481 8407. There are 3 ways you can make a profit or loss:    Rental fees received, Appreciation/depreciation and Amortization (paying off the mortgage).    Your initial investment is not the original price of the property, unless you paid cash.  Your original investment is your down payment plus closing costs you paid. This is the amount you want to grow over the long term. Once you have determined your Investment...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Don't miss this LEXINGTON PARK MARYLAND WILLOW WOOD DR 4 BEDROOM HOUSE FOR SALE for only $315,000.  REDUCED to $295,000.    Sorry SOLD more homes at   HOME SEARCH YOU need a Buyer's Agent to represent YOU Call or text Margaret C. 301 481 8407 This beautiful HOUSE FOR SALE in LEXINGTON PARK MD has 2528 square feet of open planned living area, it also has a full partially finished basement waiting for your final touches.               The wide plank hardwood floors throughout the first floor along with 9' ceilings make this a 'stand-out'.  The striking black and white kitchen has upgraded cabinets and granite counters.                 A large Master Bedroom and bathrooms with ceramic tile showers and floors.               Other upgrades in this Lexington Park MD home include a high effici...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Sorry SOLD May 24, 2011 go to HOME SEARCH to see more homes. Just reduced this LEONARDTOWN MD 4 BEDROOM 31/2 BATH HOUSE FOR SALE IN ESTATES AT SINGLETREE Priced at just $385,000 this 2006 house for sale is highly desirable.  CALL Margaret C. at 301 481 8407 YOU will need a BUYER'S AGENT to help you buy this house in LEONARDTOWN MD. This gorgeous 2 story home with 2,837 finished living area and an unfinished basement, is situated on a .34 acre corner lot.                   It boasts a bright open floor plan with high ceilings and extra windows.  The spacious kitchen includes an island with a raised breakfast bar and cherry cabinets. There are hardwood floors in the Great Room and dining room.  The fireplace is gas with a stone hearth.                 A Master bedroom and a second bedroom...
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MOVE IN READY & LOCATED IN WATER ACCESS COMMUNITY Location:  Mechanicsville County:  St. Mary's Community:  Golden Beach Lot Size:  .59 Acres List Price:  $212,000 Year Built:  1993   This home is perfect for First-Time Home Buyers & has a freshly painted interior & new carpeting.  Home offers 3 bedrooms and 1 1/2 baths, beautiful huge deck overlooking newly fenced backyard, heat pump & well pump all upgraded within the last 3 years.  Situated on over a half acre & ideally located in water access "Golden Beach" community.  This is a must see for anyone looking for a home that requires NO work! For additional information or to schedule a viewing appointment, contact Rita Minion or Chris Minion.     Southern Maryland Is A Great Place To Visit...... An Even Better Place To Live! We consid...
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By Margaret C. Taylor, St Marys/Calvert/Charles MD Real Estate Agent
(Century 21 New Millennium MD)
Did YOU know that YOU can enjoy MOTOR SPORTS IN ST MARYS MARYLAND? ST MARY'S MARYLAND is in Southern Maryland, which is not on the Eastern Shore.  Although quiet at this time of the year ST MARYS MD is home to motocross, drag-racing and stock car racing in and around Budds Creek. Maryland International Raceway hosts over 110 drag racing related activities per year, including National events.  Scedule starts in March 2011.  Potomac Speedway features a 3/8 mile clay oval stock car racetrack and in season hosts Stock Car Racing every Friday night, along with other major events. Budds Creek Motocross & Speedway is a world class Motocross track which also hosts National events.  Winter racing begins in February 2011. I am Margaret C. Taylor REALTOR® sharing information and events in St Mary'...
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