Monday, December 23, 2013

Time sensitive: Apply for the MD Homestead Tax Credit if your home isn't approved...you have until December 30, 2013 to do so!

Call:  (301)943-4370






To new and veteran homeowners: If you haven't done so and been accepted already, apply for the Maryland Homestead Tax Credit while you still can!



If you aren't sure whether or not you have applied or that your home was approved, please go to this link:



http://sdat.resiusa.org/RealProperty/Pages/default.aspx



Then select your county and below that type your street address, property account identifier, map/parcel or property sales -- press the continue button and then fill in appropriate information before clicking on next.

Your property information should show up and you scroll down to the bottom left to where it says 'Homestead Application Information". Below that it says 'Homestead Application Process'. If the word 'approved (and the date you were approved come up)' then you are good to go.

If the status doesn't show your home as being approved, then you should apply.





***The link below is a pdf file of the application for a homestead credit with instructions and mailing information***:

http://www.dat.state.md.us/sdatweb/Homestead_application.pdf

*Or you can fax the application to 410-225-9344.*

*To apply online send your Account Number to Hcredit@dat.state.md.us. You must provide them with your full name and address including county in order to receive the information by email.





Link with more information about the tax credit and how to apply for it online.: http://www.dat.state.md.us/sdatweb/homestead.html





For questions about the Homestead Tax Credit, Call: 410-767-2165 in the Baltimore metropolitan area or at 1-866-650-8783 toll free elsewhere in Maryland or email the Homestead unit at homestead@dat.state.md.us.





Life is good!



Kind Regards,



Adam Bashein

Recognized Top Office Producer

Cell: (301)943-4370




adambashein@mris.com

www.basheinhomes.info



Licensed in MD & DC

Long & Foster Real Estate, Inc.

(301)469-4700

Thank you for your kind referrals



information deemed to be accurate but not guaranteed


       

Wednesday, December 18, 2013

Just sold this end unit townhome in Olney, MD

Call:  (301)943-4370

 
 
It was a pleasure helping my buyers secure this end unit townhome in Olney Oaks, a subdivision in Olney, MD.  The home was well priced and received multiple offers.
 
End unit townhomes are sought after because, by definition, there is a neighbor on only one side of your home.  The other side is open space.  This home was very well kept.  Upstairs there is a private on suite bath for the owner suite plus a full bath in the hall. 
 
The main level features a dining room that flows nicely into the living room, which is nice for entertaining, to sit down and talk before you eat.  Off of the main level is a deck for outdoor entertaining.  A unique feature of the basement is the dual entry bath -- a door from the guest room/office into the bathroom and a door from the hallway into the bath. The spacious walkout basement also boasts a recreation area. 
 
I worked with these buyers for nearly a year until we found a home that was the right fit for them.  I am high service and low pressure. In some cases I have found a home for buyers on one outing and other cases it has taken months or a year plus. I am here when buyers are ready to make a move. 
 
If you know anyone who is thinking of relocating, have them give me a call. I am licensed in MD & DC and promise to provide them superior service.
 
Even if you don't know anyone who is moving and aren't looking to move yourself, but have a real estate question or comment, give me a call. I'm your full service realtor.
 
Life is good!
 
Adam:  (301)943-4370
():  (301)469-4700 - ask for Adam
 
Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.
 
information deemed to be accurate but not guaranteed.
 
 
 
 
 
 


Another sale in Silver Spring, MD. Multiple offers!

Call:  (301)943-4370



 
 
This home is in a very sought after part of Kemp Mill, which is why there were multiple offers and why I was trying to get my client into the home before it was on the market.  Although I wasn't able to secure a pre-market showing, the sellers appreciated my efforts and that the buyers really wanted the house.  I had a great conversation with the seller's realtor, developing a nice rapport and that really helped secure a home that several other buyers wanted and put strong offers on.
 
For strong representation, dedication and effort, I am here for your friends, family and associates when it is time for them to relocate, whether it involves selling, buying, a combination of the 2 or renting.  I always have time for and very much appreciate referrals, so thank you for thinking of me.
 
Even when you don't have a referral but have a market or general real estate question, call or email me and I'd be happy to talk.
 
Life is good!
 
Call Adam:  (301)943-4370
(301)469-4700 - ask for Adam
 
Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.
 
Information deemed to be accurate but not guaranteed.
 
 
 
 
 
 


Wednesday, December 4, 2013

Just leased one of my client's investment properties. Have you thought about purchasing an investment property?


Call:  (301)943-4370





I just rented this listing in Kemp Mill Estates, a suburb in Silver Spring, MD.

Remember me for sales and rentals.  I work with buyers, sellers and renters.
I am delighted to have secured a long term rental for these investor clients.  The lease is through and including June, 2016.

If you or someone you know has thought about purchasing an investment property, I'd love to meet over coffee.

And, as I always try to encourage, even if you aren't in the market, contact me any time you have a real estate question or want to know what is going on in your neighborhood

Call me for a free and confidential appointment:  (301)943-4370 or email:  adambashein@mris.com. Thank you.

Life is good!

Adam:  (301)943-4370
O:  (301)469-4700 - ask for Adam
adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.

information deemed to be accurate but not guaranteed.
 

Tuesday, December 3, 2013

I recently sold a 2 bedroom condomium near Dupont Circle in Washington, DC

I work with buyers, sellers and renters in Maryland and Washington, DC...at their pace.
This 2 bedroom condo is metro accessable, close to Dupont Circle and near 16th Street, NW, a main street for going into and leaving the city.

If you know someone who is thinking about making a move, I want to help them out and would be delighted to talk about their moving plans over a cup of coffee.

And, whenever you or someone you know has a real estate question,
call me:  (301)943-4370 or email me:  adambashein@mris.com.

Life is good!

Adam:  (301)943-4370
O:  (301)469-4700 - ask for Adam

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc. 

Monday, November 18, 2013

Helping Keep the Kemp Mill Community Clean


Call:  (301)943-4370
 
 
 
 
 
 
It has been in the works for a little while, and now it's official because a sign was put up today.
 
It is important to give back to the community and I'm proud  have adopted Lamberton Drive
in Kemp Mill, a subdivision in Silver Spring, MD. 
 
Not only do I live in Kemp Mill, I live on Lamberton Drive. What a match!
 
Life is good :-)!
 
Adam:  (301)943-4370
(301)469-4700 - ask for Adam

 
Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.

information deemed to be accurate, but not guaranteed.

Wednesday, November 6, 2013

My Linkedin Profile is referenced by a social media expert in his workshops!

Call:  (301)943-4370
 
 
A couple of years ago I attended a LinkedIn Training Workshop run by Chip Leakas, an expert in social media, was very impressed, learned a lot and am very flattered that he thinks so highly of my LinkedIn Profile.  Below is a short piece from a note he sent me this evening.

 Find Chip on LinkedIn:  www.linkedin.com/in/cleakas
I highly recommend you connecting with him and looking for one of Chip's workshops in your neck of the woods.

Whenever you or somebody you know is looking to make a move, has a real estate question or is looking for great connections, give me a call.  I always appreciate and have time for your referrals.


Life is good!

Adam
Call:  (301)943-4370
(301)469-4700 - ask for Adam
adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.

information deemed to be accurate but not guaranteed


Monday, November 4, 2013

What do realtors do during weekdays?

Call:  (301)943-4370

One of the reasons to list or buy a home with a full time realtor is to deal with important, yet what many consider to be mundane details in a real estate transaction.

Some people wonder what real estate agents do during the day.   At around noon today one of my buyer's home inspectors called me for help.  There was an issue with a showing code that the seller's realtor gave him for opening a lockbox to the home. He was at the home to retrieve the radon test and he was having trouble reaching that agent.  I told the inspector that if he could wait a half an hour, I would be happy to run over to the home and open the lockbox for him.

So, I got in my car and headed out to the home.  When I was about 5 minutes away from the house, the inspector called.  I was sure he was going to ask how far I was from the home. No, he called to tell me that the seller's realtor just connected with him, the lockbox issue was resolved, he was able to pick up the radon test and didn't need me to come to the home after all.

After mumbling to myself for a few seconds about making a drive out for nothing, I said to myself that one of the many reasons I am a full time agent is so I could be there for my clients in a pinch.  That is why people want to work with me. 

The most important thing is the result, namely,  in this case, the inspector ultimately being able to retrieve the radon test, so he can now send the test to a lab and get the results for my buyers within the contingency period.

Whenever you or anyone you know needs a realtor who will be there every step of the way in a home sale, please think of me.  Real estate is a full time job and your realtor needs to be prepared for all situations.

Thank you very much,

Adam Bashein
Call:  (301)943-4370
(301)469-4700 - ask for Adam
adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.

Friday, November 1, 2013

A tip on lowering your monthly electric bill and being environmental








 Here's a tip, courtesy of a home inspector, Ed Williams, who I met yesterday.

 Read below if you are interested in lowering your electric bill and being environmental.  

If there is a consistent time frame when you are out of the house, it might make sense for you to purchase and install (or hire a qualified person to do to so for you) a water-heater timer.  By definition, such a timer enables you to set specific on and off times for water-heater operation. Efficient and environmental.  Why have a system running if it doesn't need to be on all the time?Using such water-heater timer could add life to your water-heater. 

I am not a contractor, much less an expert on hot water heaters, so please talk with your local contractor to verify and ask him/her if it would be a good move for you to install a water-heater timer.

If you have any home tips, please share.

And, whenever you hear of people who are  thinking of making a move or have real estate questions, please share my contact information with them.  I'm happy to help and greatly appreciate your referrals.

Life is good!

Adam:  (301)943-4370
adambashein@mris.com
www.basheinhomes.info
(301)469-4700-ask for Adam

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.

information deemed to be accurate but not guaranteed

Thursday, October 17, 2013

A term that I have noticed coming up more often in short sales

Call:  (301)943-4370



Probably, both a result of it become more of a seller's market locally, and agents become more experienced in short sales (and how to best represent the interests of their clients), I have noticed a number of sellers implementing a term necessary for these short sale homes for a buyer to accept, if he/she want to purchase the home.

I have always coached buyers of short sales to say in short sale contracts that the contingency dates start after the short sale is approved by the seller's lender(s), as opposed to the contingency dates starting after buyers and sellers come to an agreement on all the terms on the contract and sign off (like "standard" sales).

Short sales can take months to be approved (depending on the bank, the short sale negotiator and if 1 or multiple seller lenders have to approve the contract) and during this time period the market can change. There are buyers who lose patience during the approval process and at a point void the sale when their contract allows them to (if a certain time comes and the seller's lender(s) hasn't approved the contract). When this happens, sellers have to remarket the home; buyers wonder what is wrong with the home and or think they can get a good deal on the home because it has been on the market with a buyer(s) who walked away.

Even after the short sale is approved, in many cases there is an inspection contingency (usually a general inspection, with property being sold as is since the seller won't make repairs) which allows buyers to void the sale if they are uncomfortable moving forward after the short sale is approved.

When this happens, the seller is in a bad position, having to market the home over again, perhaps in a worse market (which could command less favorable terms than the first contract) and/or buyers will notice that the home has been on the market for a particularly long time, be concerned with what might be wrong with the home since it went back on the market. And, those buyers who like the home might offer a lower price than the seller's previous contract because they noticed how long ago the seller listed the home and that one buyer (or multiple buyers) backed out of the contract).

One measure sellers have started to take in the short sale contracts is saying that buyers must have a home inspection within X days after the contract is signed by the buyer(s) and seller(s). In other words, when this scenario comes up, sellers are telling buyers that, as a condition of the sale, they (the buyers) must have a home inspection before the seller's lender(s) approve the short sale. Sellers don't want to wait for weeks and months on a short sale contract, only to have a buyer void a contract on the home inspection after the short sale is approved, which would result in the seller's home having to be on the market again.

By implementing this condition (inspection contingency starts before seller's lender(s) approval of contract), a seller will know sooner rather than later if, based on an inspection, whether or not the buyer(s) is going to go forward with the contract, once the seller's lender(s) approve the contract. From the seller's standpoint, at least when a buyer chooses not to go forward based on the home inspection, he/she (seller) can get the home back on the market for the next buyer, without much time elapsing (and hopefully, for their sake, the market conditions not changing, unless they improve).

In addition to knowing rather quickly (before short sale is approved) that the buyer wants to go forward with the purchase (if buyer was satisfied with inspection), another advantage of telling buyers, that as a condition of the sale they must do a home inspection before the short sale is approved is that the buyer has invested financially into the home purchase. So, if at any point during the short sale approval process the buyer is losing patience and wants to walk away from the contract, the buyer may think twice because he/she spent time and money on a home inspection...and were satisfied with the results...they want the home, so it is worth the wait!

Given what I have said above, everything is negotiable and not every short sale listing has been saying that an inspection has to be done before the short sale has been approved. This is just becoming more prevalent and I wanted to share this with you, so you are not surprised if/when this comes up.

If you are looking to purchase a home being sold as a short sale and 1 term is that the buyer needs to have the inspection before the short sale is approved, a buyer can opt to cross that condition out, write in that the inspection contingency period starts after the short sale is approved and see if the seller will sign off on that or if the term is firm. When buyers go this route, they should consider up front whether or not they are willing to risk another contract being accepted over theirs because a different buyer agreed to this seller condition of the sale. If a buyer is considering countering this term, then he/she should look at such things how long the home has been on the market, if the home's price has recently been reduced and if it seems as though there has been lots of other buyers checking out the home (i.e. if you see many real estate agent's business cards in the house--they showed the house).

I hope this information is helpful to you.

Whether you would like to talk about short sales, foreclosures or standard sales, the real estate market and/or you have a real estate question,

call:  (301)943-4370 or email me:  adambashein@mris.com! 

Whenever you know someone who is thinking of making a move or has a real estate question, tell them to contact Adam Bashein.  I always have time for and appreciate your referrals.

Life is good!

Adam's Cell:  (301)943-4370
office:  (301)469-4700 - ask for Adam

adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.
information deemed to be accurate but not guaranteed

 
 

Friday, August 23, 2013

Did you just miss the market for listing your home for sale or for rent?

Call:  (301)943-4370
 


For several months I have been in conversations with a new client about their investment property.  It is a complicated situation.  They've been unhappy with their renters and their property management company for a while, and want a clean slate. 

One day they called the office when I happened to be answering the office telephones.  I said that we are a full service brokerage, that I can list their property for rent and that my brokerage has a property management team.  But, first they have to get a copy of their property management agreement to see when their contract ends, if there is a way if they want to end the relationship before the contract comes up for renewal. 

It took a while for them to connect with their property manager, mostly because the homeowners were uncomfortable telling the property manager of their plans.  The owners have continued to work with the tenants, giving them time to find a new place, which has been a challenge for the tenants.

Yesterday the renters told the owners that they (the renters) could probably be out of the house by the end of September.  On the one hand, the owners felt a sense of relief as there is now an end in sight and they could soon start fresh with new renters.  On the other hand, the owners are nervous that they've missed the market for renting, spring an summer months, and that if listed now, as we enter the the fall-winter months, that we wouldn't get a new tenant and they wouldn't be generating any rental income.

They asked me if it would be better for them to just extend their lease with the renters through the spring, when the 'high rent' season begins?

The average person would probably tell them that nobody (figuratively) rents homes during the fall or winter, so deal with the tenants for a few more months before starting fresh in the spring.    Before giving the owners an answer, I looked at their local market trends in the fall-winter months, going back 3 years and compared it to the spring-summer months.

Would it surprise you that nearly as many homes rented during the fall-winter months as did during the spring-summer months and they commanded the same rent (On average 75 homes rented during the winter months while 81 rented during the spring-summer period)?  On average it took on or about about a month for homes listed in the spring-summer to get rented, while in the fall-winter months it took close to 2 months to rent.  And, similar homes rented for close to the same price during both time frames.

So, when do people move?  Always.  Is it a good time for these owners to start fresh with new renters or to stick with their current tenants through the spring?  I told the owners that before making a decision, they need to evaluate how responsible the tenants have been in paying rent, communicated, cooperated and accepting responsibilities for home repairs---when their fault and the property condition.

After answering these questions, I told the property owners they really need to come into town (one of the challenges is that they are not local and haven't been in the home for probably 2 and a half years, being hands off, completely relying on whatever their former property manager told them about the home), meet me at the house, see how well (or poorly) the current renters are taking care of the house and decide whether they are in a good, manageable situation with their tenants, or if it is time to move on.   I strongly sense that there is a fear of change and missing the market, but we have answered those issues.

Hopefully, after analyzing the situation, the owners are happy, or at least satisfied, with their current situation and can continue to generate rental income with the current tenants instead of having to go through a tenant turnover and missing a month or two of rental income.  But, if the tenants have not been diligent in paying rent and caring for the property, I hope the owners will tell the tenants to leave as it could prove to be more costly in the long run to keep irresponsible tenants than going a short term without rental income while making home repairs and finding new renters.   Whatever the owners decide, I am here whenever they are ready. And, in the meantime, the can retain a new property manager to take care of their home.

Whenever someone you know is thinking of buying, selling or renting a new home, or is considering purchasing an investment property, please pass my contact information to them and I pledge to take wonderful care of them.  I'm a full service agent, licensed in MD & Washington, DC.

Life is good!

Adam:
Call:  (301)943-4370
O:  (301)469-4700 - ask for Adam
adambashein@mris.com
www.basheinhomes.info

Long & Foster Real Estate, Inc.
Adam Bashein
Licensed in MD & DC
information deemed to be accurate, but not guaranteed.












Monday, August 19, 2013

A speaker references my linkedin profile in his 'Linkedin Seminars'.

www.linkedin.com/in/adambashein
 A couple of years ago I had the pleasure of attending one of Chip Leakas' Linkedin seminars, which was hosted by Embrace Loans.  I found Chip to be very enlightening and follow him on Linkedin.
Last year several colleagues attended Chip's seminar at GCAAR  and told me that, when giving an example of what makes a good linkedin update, he referenced my linkedin profile on one of his powerpoint slides.  I was quite flattered.   
It's pretty excited that he still thinks highly of my linkedin profile and referenced it again in last week's seminar. 
 
If you or someone you know is thinking of relocating, has a real estate question/comment and/or wants to keep up with the real estate industry, call, email or connect with me on Linkedin. 
 
Life is good!
 


Call:  (301)943-4370
(301)469-4700 - ask for Adam
Long & Foster Real Estate, Inc. 
Licensed in MD & DC
 
 

 
 
--------------------------------------------------------------------------------------------------------
 
Rookie Event: LinkedIn for REALTORS®
From:
Chip LeakasAdd to Contacts
Sent:
Wed, Aug 14, 2013 at 7:27 am
To:
Cc:
Adam;
I am speaking tomorrow at GCAAR….
I was trying to remember where we met and I can't recall exactly…
Can you refresh my memory?
How are you doing? Well, I hope!

 
 

 
Wishing you continued success in all that you do!
*I use you as an example in my Linkedin Seminars now as an example of what make a good "status update"!

 
 
 
Share:





LinkedIn for Real Estate
LinkedIn for REALTORS®

Join us for this free Rookie Event, and walk away with priceless information about how to leverage LinkedIn to build relationships, extend your network, generate leads, and multiply referrals.
Click here to register.



Details: Wednesday, August 14 from 9:00 a.m. - 11:30 a.m. at GCAAR's Rockville Office, 9707 Key West Avenue, 2nd Floor. Ample time will be given for discussion and questions.
The complimentary continental breakfast begins at 9:00 a.m. The program starts at 9:30 a.m. This event is free for GCAAR members, but registration is required.


About the Speaker
 

 
Chip Leakas Social Media Guru Speaker and author, Chip Leakas is a 30-year financial services and marketing veteran. His focus over the past 10 years has been on Internet marketing and social media in the mortgage and title space. He's worked as a mortgage broker and loan officer. His resume includes stints with Salomon Smith Barney, Lexis Nexis and Linear Title. Currently Chip is the Social Media Director for Embrace Home Loans.

Thank you to our sponsors
Embrace Home Loans
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8757 Georgia Avenue, Suite 600 | Silver Spring | MD | 20910

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Thursday, August 1, 2013

Awesome and spacious rental. Suburban lifestyle in the city. In the heard of Georgetown, Washington, DC


Call:  (301)943-4370 


Whether you are thinking of buying, selling or renting in MD or DC, call or email me for a free, private, professional consultation. 

It was my pleasure to find this unique 2 bedroom condominium unit in the heart of Georgetown, where my clients want to be. 
 
What a location!  98/100 'walkscore'.  Convenient to everything, yet in a quiet location, between Wisconsin Ave, NW and Water Street, NW.
 
 This condo is a well thought out, multi level home, allowing one to maintain privacy, which is hard to do, when entertaining. The entry level has a dining room, fireplace, kitchen and balcony for entertaining.  In addition, there is a main level powder room
 
 
There is a spiral staircase leading one from the main level to the loft, which makes a great office area, play area or lounging area. It could also make a good guest area or if you need a 3rd sleeping area.

The bedrooms are in a completely separate area from the rest of the home, down the steps from the main level.  Each bedroom is a pretty good size and boasts sliding doors to a balcony. 

The downstairs has a full bath off of the downstairs hallway...specifically for residents (remember the powder room for guests is on the main level so residents maintain privacy).  In addition, the hallway boasts
the resident's washer/dryer.  If you have looked at condominiums and apartment buildings in Washington, DC, you have probably observed that most buildings have a coin fed/debit card fed common area laundry room.  It is hard to find condominiums with washer/dryers in them, so I was excited for my clients about this feature.

Finally, this condominium unit comes with an assigned garage space, which is vital if you have a car.  Not all condominium and apartment units come with assigned parking spaces and many places in Washington, DC don't even have a parking lot with unassigned parking.  It can take a while to find street parking and you have to pay attention to parking restrictions. Speaking of paying, you also often have to pay for street parking.  And, if you can't find a spot, pay for a parking spot in a local garage.  If you have a car, it worth budgeting a little bit more on your home purchase or rental for a parking spot, especially in the city.
 
The common areas feature a pool, picturesque views and peaceful area to walk around, sit and talk or picnic. 
 
I know my clients will love living here over the next couple of years.
 
 
If you or someone you know is thinking about relocating or has a real estate question, contact me any time. I greatly appreciate and always have time for your referrals.

Life is good!
Adam (301)943-4370
(301)469-4700 - ask for Adam

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.