Special offer

Nottingham, MD Real Estate News

By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Maryland: Jobs, Jobs, Jobs For the third consecutive month, Maryland has shown an increase in new jobs. There were 4,800 jobs created in the private sector, which is more than 10% of the nation's 41,000 jobs created.  Maryland only has 2% of the nation's population. Certainly, with three straight months of growth, Maryland is in a strong recovery phase after the recession. Overall, counting federal jobs, employers added 11,200 jobs in May.  Almost every job category showed an increase. Maryland's unemployment rate dropped by .3% after a decrease of .2% in the previous month.  The unemployment rate remains far below the national average. For the fifth consecutive month, the number of unemployment claims decreased, which is a sure sign that layoffs have significantly slowed.  The improvem...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Benefits of a Home Warranty A home warranty may be a good investment when selling your house. Here are some of the benefits of selling a home with a home warranty: The seller does not have to pay for the warranty until the home sells and goes to settlement. If the home does not sell, then the seller never has to purchase the warranty. The warranty is in effect during the listing period, so the seller can use it if something happens prior to a sale or prior to settlement. The warranty is transferable to the buyer and is good for a one year period; the buyer can renew the warranty. The warranty covers most major systems in a house.  This includes appliances, heating and air conditioning systems, electrical and plumbing, water heaters, and such.  There is usually a limitation on roof cover...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Are You Getting a Good Deal? A few years ago the real estate market was in very good condition.  Prices were rising at extraordinary rates.  Interest rates were low, so these properties were still affordable even at higher prices.  Lots of people were selling and lots of people were buying.  Many people were skeptical about this boom in prices, referring to it as a bubble and asking when it would burst.  Indeed, it did burst.  Prices began to come down. While prices were coming down, many people were reluctant to believe that values were coming down as well.  What used to be an appreciating product in most markets was now a depreciating product in most markets.  Real estate was losing value almost at the rate that an automobile would lose value. The slow acknowledgment of this changed m...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Agency?  I Just Want to Buy a House Real estate agents know the importance and the benefits of agency to any given buyer. However, when the topic is brought up to a potential buyer, frequently, their eyes glaze over and they wonder why the agent is talking about this seemingly unrelated topic. After all, they just want to buy a house, not have a class on the laws of agency. But if they understand that one, their interests can be represented when they have an agency agreement and, two, that they can potentially save thousands of dollars by having an agent represent them, then their ears may perk up. Here are some differences between being represented and not being represented Seller Agency This is where the agent represents the seller and not the buyer.  They can still work with the buye...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Growing The Right Things In An Economy The growth of an economy can be measured.  In fact, many things in an economy can be measured and they are. However, what is critical is that we understand what the measures mean.  For instance, some economic growth may not be good, because it may be related to a negative element of our society. If crime in society increases, then so might police forces.  The more criminals that are caught, the more detention centers that may be needed, which may lead to economic growth related to the construction of jails. If more violent crime exists, then more hospital emergency care is needed. If more arson, or fire related to un-maintained buildings occurs, then there is a higher need for firefighters and fire fighting equipment. If more urban sprawl takes pla...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Greater Baltimore: Job Growth Looks Strong A strong real estate market is fueled by a strong and growing economy, with many job opportunities. A survey of several companies in the Greater Baltimore area indicates that, indeed, the prospects for hiring or maintaining current employment levels are very strong. Some key industries which should experience this excellent job market are construction, durable goods manufacturing, financial services, professional services, education and health services, and hospitality.Important to note, is that this is above the already strong market for government related jobs. This strong job market, in a growing economy, coupled with extremely low interest rates and low home prices should lead to a very good real estate market. Baltimore-area hiring outlook...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Virtual Renovation Buyers will often buy a house based upon their emotional feel for the property. This is one of the reasons that it is difficult to sell a fixer upper type of property to a regular buyer, as compared to an investor. There are renovation loans available such as the FHA 203k for rundown properties.  Additionally, even after the renovations are done, the price can be lower than buying a home which is already in good condition. But for so many buyers, the emotion never hits them when they see the house in its dilapidated condition.  They have difficulty imagining the finished product. One thing that has happened for good homes is staging, but not just staging at the actual house but rather staging online or virtual staging. The concept of virtual staging can be expanded, s...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
$2500 Per Year For TEN Years What is this incredible offer? I am talking about $2500 per year for ten years. Actually, this amount may vary; it could be more or it could be less. Additionally, it will probably last for more than ten years. How do I determine my eligibility? Do you qualify to get a mortgage? If so then you are a candidate for this special offer. Just give me a call and I can put you in touch with a reputable lender to determine your abilty to qualify for a mortgage and for how much.  There is no cost for you to perform this easy step. Who pays for this program? This offer is courtesy of your government. No, this is not the same as the now expired tax credit, which received so much publicity. In fact, this offer has been available for some time now, but has not been recei...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Transportation: More Money For Biking and Walking U.S. Sec. of Transportation Ray LaHood turned transportation policy on its head with a declaration that pedestrians and cyclists should be treated as equals with drivers.  That means federal dollars for more projects geared toward walking and cycling. In an interview with NPR, LaHood stated: "I think what you see here in Washington, D.C., as you tool down Pennsylvania Avenue. They've put all-new bike lanes in there. Go up on 14th Street in D.C., where they've put bike lanes in. What it means is that communities decide that there are lots of people who want to bike on streets. In order to make it safe, you paint a lane down the street and make sure that it can be safe and - so that people then begin to pay attention to these bicyclists. A...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Baltimore County: The Linhigh Report Communities within the Greater Baltimore Region can change within relatively small distances. In Nottingham, which is in zip code 21236, one can find homes priced around $750,000, but can, also, find homes priced much more modestly. The good thing about the lower priced homes is that the neighborhoods are just as safe and just as attractive as the higher priced homes. Additionally, the homes are all in the excellent Baltimore County school system. One of these lower priced neighborhoods is Linhigh, which is just inside the Beltway (I-695) along Belair Road. It is very convenient to shopping, entertainment, hospitals, colleges, and employment centers. So when a buyer is looking for a home in that part of town, it is important to know that there are ho...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
ALERT: SPAM Has Infiltrated ActiveRain I would occassionally get these emails sent to me but they would be captured by my SPAM filter, but now, I have received as a comment to an ActiveRain blog of mine the following: Comment by ReplicaWatches: Maybe if you want to save your money on brand watches as Rolex Watches, IWC Watches, D&G Watches, Bell&Ross Watches, Omega Watches, Gucci Watches, then you can buy the Replica Watches, Replica Rolex Watches, for instance, in our online store. These Fake Watches, such as Fake Rolex Watches, are much cheaper then the originals, so hurry to buy the wonderful fashion Fake Watches. The hottest brands you can find like A.Dunhill Watches, Fendi Watches, Piaget Watches, Guess Watches, Fortis Watches, Breguet Watches, Audemars Piguet Watches, Watch Access...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
If You Want It Done Right . . . You know the start of the phrase.  But, what is the end of the phrase? It's a common phrase, so the ending flows right out of our mouth, but is the second part, which we believe that we know, always correct. Obviously, we want things to be done right, so would the complete phrase be: If you want it done right, then do it yourself. Does your car need tires, put them on yourself. Does your house need a new roof, put it on yourself. Do you need some meat, go butcher a cow yourself. Do you need a new car, go build one yourself. Do you need a new house, go build one yourself. Do you need a heart by pass, go do it yourself. For some of you and for some of these things you might be the most capable person for the job, but it is highly unlikely that you can do al...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
No More Urban Sprawl? Did the government encourage urban sprawl or did they just respond to the lifestyles of the American people? An elaborate system of expressways was constructed throughout the country.  The primary purpose was to allow for easy movement of military vehicles.  However, this extensive road network, also, made it much easier to commute longer distances.  Today, these expressways are congested and contribute to long and expensive commutes. This and other actions may have contributed to urban sprawl, but it was not intentional.  Now, HUD is talking of intentionally taking actions to reverse urban sprawl. Previously, the cost of transportation was not one of the qualifying factors for receiving a loan, but now there is talk of including it. Transportation is one of our bi...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
As Real Estate Goes, So Goes The Economy May 2010 In recent days and weeks, investors were busy watching the Euro and bailouts of severely struggling economies like that of Greece. Investors had been almost wholly concentrating on whether steep budget cuts to manage rising debt in European countries would slow a global economic recovery in the coming months. This negative news led the stock market to steep declines. However, they may have been missing a more important indicator of the health of the economy.  That indicator is the real estate market. The Commerce Department reported that sales of new single-family homes rose 14.8 percent in April to an annual rate of 504,000 units. That followed a 29.8 percent rise in March that was the biggest increase in 47 years. The latest gain is we...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Maryland: Job Gains; Unemployment Drops The State of Maryland continues to lead the nation out of the recession. Alexander M. Sanchez, the state's labor secretary, stated "The job creation in the last three months is the largest three-month job creation in Maryland in more than 20 years," and "New claims for unemployment benefits have fallen more than 40 percent in the last six months - that's another extremely positive sign." Employers add 8,200 jobs in April in another sign of recovery  
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Stocks Are Down; Invest In Real Estate Rates have improved this week as stocks plunged on worries about the European markets and its effect on the global economy. Concerns about how the European debt crisis and a slumping euro will impact the economic recovery fueled a flight to quality and a dramatic sell off in the U.S. stock markets. Investors are flocking to bonds, seen as a safe spot to park their cash in times of economic volatility. With interest rates in the 4%'s, buying a home is actually more affordable and makes more long term financial sense this week than it did before the tax incentive expired. Home prices are at their low in the cyclical real estate market, while interest rates are lower than most people have seen in their lifetimes. With the volatile stock market plummet...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
U.S. Retailers Believe The Economy is Improving Nearly 70 percent of U.S. retailers believe that the overall economy is improving, and 92 percent are planning to increase store openings, according to a new survey released by CB Richard Ellis Group, Inc.(CBRE). The report, "Shop Talk - A Retailer's Perspective", also finds that despite an improving economy, nearly all the retail executives surveyed believe that retail rents will either fall or remain flat throughout the rest of 2010.The survey also found that while retailers believe the economy is improving, nearly 60 percent think that it will take another six to eighteen months before their segment of the retail market feels the benefit of the recovery. Among concerns cited by respondents were the state of consumer confidence, potentia...
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By CHARLENE PERRY, CLTP, Insuring the Past to Protect Your Future
(Key Title Corporation)
Good Morning to all!! I wanted to share with you a very interesting conversation I had this morning with a first time home buyer in the State of Maryland.  The buyer called me after reading a few of my blogs here in Activerain relating to the Fannie Mae addendum.  She is purchasing a Fannie Mae property here in Maryland and she is taking a loan through HomePath.  See FAQ's in the link http://www.fanniemae.com/homepath/homebuyers/faq.jhtmler Her questions to me were in relation to whether or not she was able to use her own title agent, and whether or not she would lose the seller's credit if she did not use the seller's title agent and whether or not she, as a first time home buyer, would be responsible for the payment of the full amount of transfer taxes and stamps.    This poor woman w...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
New Home Sales Substantially Up Nationwide After slow sales of new homes in February, which was primarily related to severe weather across most of the nation, March saw an incredible and higher than expected increase in new home sales.  The month to month increase was the highest seen in 47 years. Pundits believe that this is related to a variety of factors, including a rapidly recovering economy, good spring weather, very low interest rates, low home prices, and partially to the tax credit program. During these once in a lifetime conditions, Buyers who are looking in the Baltimore County area may want to consider looking at any of these fine quality and very affordable homes by Danleigh Homes. Contact Ron Trzcinski at 410-935-5844 or ront@mris.com for more details.   Brittany Marie    ...
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By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
I Sold It Twice It was a modest semi-detached home with three bedrooms, one full and one half bath, and a finished basement. In the first go round, I picked up the listing from a For Sale By Owner.  Overall, it was not a bad house and it did have some updates.  For the most part it showed very well.  However, the owner fancied himself as a handyman, when he was actually unhandy.  He put in a new kitchen, which at first glance looked nice, but upon closer examination, it showed that it had been done without measuring.  Nonetheless, it did not take much to bring it into decent condition.  It took us about 4 weeks to get an acceptable buyer.  The inspection did not uncover many problems, but the negative conditions which were found would be taken care of by the owner, you know, the unhandy...
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