Somerset, MD Real Estate News

By inboundREM Market Updates
Somerset MD Neighborhood Information and Market ReportThe Somerset neighborhoodsSomerset is an incorporated town in Montgomery County, Maryland. It has its own historic district within its neighborhood and is run by an elected Mayor and Town council. The neighborhood is definitely suburban which is highlighted by the many single-family homes in the area. Home prices here can vary largely and you can take advantage of a few bargains in the area. Properties are spaced appropriately and there is ample space for parking and a yard. Houses here are beutifully made and well-maintained. The neighborhood is quite safe and has a lower crime rate in comparison to other neighborhoods in the area. If you are looking for a new home this neighborhood definitely offers a lot of deals you can appreciat...
Comments 0
By Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch
(Remax Excellence - Silver Spring, MD)
Getting investment financing for Silver Spring, MD real estate can be tricky.  Thanks to stringent lending practices and wary banks, investors face more hurdles than owner-occupants when trying to get a loan.  Despite the fact that one in every five homes is sold to a real estate investor, the Office of the Comptroller of the Currency still mandates that financing for single family rentals is treated the same (with respect to risk) as commercial real estate loans, not residential loans.  According to a recent bulletin released by the OCC, “Borrowers may finance multiple properties through one or more financial institutions but underwriting standards and the complexity of risk analysis should increase as the number of properties financed for a borrower and related parties increases. When...
Comments 0
Explore Somerset, MD
Somerset, MD Real Estate Professionals