Silver Spring, MD Real Estate News

By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
Just listed in Silver Spring, MD - exquisite, stately colonial on 2 private acres 15807 Laughlin Ln is a gorgeous property to call home!  Located on a no-through street, and a partially wooded home-site (protected by a conservation easement), it not only offers a private serene setting, but a convenient location, too. Situated between New Hampshire and Georgia Ave, it's just minutes from the ICC. One of the most spectacular features of this home is the family room with its floor-to-ceiling, 2-sided stone fireplace and dramatic wall of windows that takes full advantage of the serene views, and floods the main level with natural light. The low-maintenance deck, screened in gazebo, and patio also invite you to enjoy your very own slice of heaven. 15807 Laughlin boasts approx. 6,500 square ...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Will Leisure World of Maryland Housing Market Turn Around This Year? Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone. This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun, Chief Economist at NAR, noted the beginnings of a turn in the market: “After a pause, home sellers are...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Buying a Home in Leisure World of Maryland Now: Smart? Yes. Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry's leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing Index® recorded the first nationwide drop in showing traffic in eight months as communities responded to COVID-19. Early April data show signs of an upswing, however.” Why would people be setting appointments to look at prospective homes when the process of purchasing a home has become more difficult with shelter-in-place orders throughout the country? Here are three reasons for this...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Benefits of Indoor Gardening for Leisure World Residents  Did you know people are generally happier when they have something to nurture and tend to in life? That’s right. Taking care of plants can make you a happier person and improves your sense of well-being, which in and of itself might be motivation enough to start an indoor garden. If you need more proof that now is the time to try indoor gardening, consider the following benefits of the practice: Benefits of Indoor Gardening: Why Start Today Improves Your Air QualityYou likely already know the biological breakdown of the way plants produce oxygen. We won’t get too deep into the weeds with that. However, it’s worth noting that plants effectively absorb trichloroethylene, formaldehyde and benzene, while producing fresh, life-sustain...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Establish a Competitive Price When Selling Your Leisure World Home If you intend to list your Leisure World home or condo, it helps to determine a competitive initial home asking price. That way, you can stir up plenty of interest in your residence as soon as it becomes available.Ultimately, there are many reasons to establish a competitive price for your Leisure World home, and these include: 1. You can boost the likelihood of a quick, profitable home sale.A competitive home price is sure to garner homebuyers' attention. Thus, it may help your house stand out to potential buyers, increasing the likelihood of a quick, profitable home sale.Oftentimes, it helps to review the prices of comparable houses in your city or town before you list your residence. If you understand the prices of si...
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By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
This exquisite, stately Colonial on a 2-acre homesite is a gorgeous place to call home... and it is Coming Soon in Silver Spring, MD!Located on a no-through street, and backing to woods, it not only offers a private serene setting, but a convenient location, too. Situated between New Hampshire and Georgia Ave, it is just minutes from the ICC. One of the most spectacular features is the family room with its floor-to-ceiling stone fireplace and dramatic wall of windows that takes full advantage of the picturesque, wooded views. The low-maintenance deck, screened in gazebo, and patio also invite you to enjoy its private setting and serenity. This expansive home offers more than 6,500 square feet of living space on three finished levels: formal living and dining rooms, eat-in kitchen, famil...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Is Leisure World of Maryland the Right Place For You? Leisure World of Maryland is regarded as the #1 active senior choice in the Washington, D.C. and Montgomery County areas. With 29 housing associations, a strong sense of community and safety, numerous amenities, and convenient on-site facilities, this comes as no surprise. Discover this top-choice community to determine if the Leisure World lifestyle is right for you.  Leisure World is a private, gated senior community. Built on a well-landscaped 610-acre parcel, the Leisure World community is completely fenced with three monitored gates to ensure resident safety and comfort and approve all visitors. As a senior community, resident owners must be at least 55 years of age, and any additional residents living with them must be at least...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
How to Find the Perfect Real Estate Agent in Leisure World of Maryland There’s a ton of real estate information available in the news today and on the Internet. It can be extremely confusing, especially in times of uncertainty like we’re facing right now. If you’re thinking of buying or selling this year, you need an agent who can help you: Make sense of this rapidly evolving housing market Navigate everything from virtual showings to new online marketing strategies Price your home correctly at the beginning of the selling process Determine what to offer on your dream home without paying too much or offending the seller Dave Ramsey, a financial guru, advises: “When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the he...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Featured property 14801 Pennfield Ct #403 Silver Spring MD 20906 Light and bright 1,633 sq ft. condo in desirable Villa Cortese garden style building. 3 bedrooms, 2.5 baths. All new paint and carpet. Top floor unit with lovely view. Spacious living room, separate dining room and large glass-enclosed sunroom. Private master bedroom suite with 2 walk-in closets and master bath with a double vanity, soaking tub and separate step-in shower. Indoor garage space. Conveniently located near main gate, clubhouse and easy walk to shopping center.Villa Cortese / H Model / 1,633 sq. ft. interior +enclosed sunroom3 Bedrooms / 2.5 Bathrooms / Indoor garage space #7 Click Here for More Info 
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Keys to Selling Your House Virtually in Leisure World of Maryland In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process? In today’s rapidly changing market, it’s more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can h...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Think This Is a Leisure World of Maryland Housing Crisis? Think Again. With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country. Let’s look at five things we know about today’s housing market that were different in 2008. 1. Appreciation When we look at appreciation in the vi...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Discover Villa Cortese at Leisure World of Maryland Just from its name, the Villa Cortese community in Leisure World of Maryland bespeaks the classical elegances of Italian architecture, design, culture, and fare. In 1994-1996, Italian artisans and Leisure World developers enshrined these elements in a convenient, modern living atmosphere. A four-story garden-style development situated on Pennfield Circle, Villa Cortese allures residents not just with its exterior, but also with its heightened inner senses of community and security. The Villa Cortese buildings make their grand first impressions with flower beds in full bloom against creamy-dreamy pastel façades. Walking paths leading to piazzas provide residents with a European-esque experience amid the well-kept Leisure World landscape...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Leisure World of MD Homebuyers Want Lower Prices. Sellers Disagree. The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price. According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions: 1. “Have any of your sellers recently reduced their price to attract buyers?” Their answer: 72% said their sellers have not lowered prices to attract buyers during this health crisis.  2. ...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
14801 Pennfield Cir. #403 condo for sale in Leisure World Maryland Rarely available 1,633 Sq. Ft. Condo3 Bedrooms, 2.5 Bathrooms Indoor garage parking space conveysList Price $399,900Rarely available extra spacious 1,633 sq ft., H model condo in Villa Cortese with 3 bedrooms, 2.5 baths located on the top floor of a four-story Garden style building. New neutral paint and carpet throughout. Enjoy this light and bright top floor condo with lovely view from all windows. All white table-space kitchen with large window. Living room and separate dining room with window. Large glass-enclosed sunroom can be accessed from living room or 3rd bedroom/den. Private master bedroom suite with 2 walk-in closets and master bath with a double vanity, soaking tub and separate step-in shower. A total of 8 l...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
What You Can Do to Get Your Leisure World of MD House Ready to Sell  Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life. Tackling small projects from cleaning the corners you may normally skip to tidying up your yard are easy and necessary wins if you’re thinking of listing your house and making a move.
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Rarely available extra spacious 1,633 sf condo in Leisure World MD Villa Cortese3 Bedrooms / 2.5 Bathrooms / Indoor Garage Space1,633 square feet Located on the top floor of a four-story Garden style building. New neutral paint and carpet throughout. Enjoy this light and bright top floor condo with lovely view from all windows. All white table-space kitchen with large window. Living room and separate dining room with window. Large glass-enclosed sunroom can be accessed from living room or 3rd bedroom/den. Private master bedroom suite with 2 walk-in closets and master bath with a double vanity, soaking tub and separate step-in shower. A total of 8 large closets with built-ins offers plenty of storage space. Indoor garage space and storage unit are included. This condo is vacant and ready...
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By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
Are you looking for a move-up home, with room to entertain and grow into, and quiet areas to work from home and unwind after? Then this terrific property in the North Sherwood Forest subdivision of Cloverly may just be the right fit! There are so many features that make this home special, the wide brick patio overlooking the landscaped front yard is only the beginning. ♥ 14349 Stilton Cir, Silver Spring, MD 20905 ♥You will be surprised by the floor plan, and bright spacious interior - it's much bigger than it looks! This Colonial sits on a premium lot, offering scenic views of the community pond & a more private back-yard. The heart of the home is the great room; with its open lay-out to the large country kitchen, wood-burning fireplace, wet bar and access to the 2-tiered deck, it's a p...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Will Surging Unemployment Crush Leisure World of Maryland Home Sales? Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said: “This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole.”  That’s promising, but ...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Leisure World of MD Looking to the Future: What the Experts Are Saying As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over. Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP). According to Investopedia: “Gross Domestic Product (GDP) is the total monetary or market value of all the finishe...
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By Barbara Michaluk, Leisure World Specialist / Full Service REALTOR
(Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434)
Stock Market Correction Probably Won’t Impact Leisure World Home Value With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market. This time, the stock market correction is being caused by an outside event (the coronavirus) with no connection to the housing industry. Many experts are saying the current situation is ...
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