Thursday, November 20, 2014

Another Silver Spring, MD home sale by Adam: 11718 Kemp Mill Road in Kemp Mill. Great value for my buyers.

Call:  (301)943-4370
 
It was a pleasure helping my buyers get a fantastic deal on their home purchase at 11718 Kemp Mill Road, in Silver Spring, MD.  They needed a bigger home, in a very specific part of the neighborhood and everything worked out perectly.  When we came to an agreement on terms with the seller, I thought it was a great value for my buyers and this was confirmed by the home appraisal coming in significantly above the sales price. 
 
These were strong buyers, which helped in the negotiations.  They were able to get approved for a loan for the sales price without having to sell their current home.  Many buyers who are moving from one home to another home want their home purchase to be contigent on selling their current home.  Fortunately, my buyers made their offer more attractive by not having a home sale contingency. 
 
This would be a great home both for a first time home buyer, who has the resources to get in the price range and a perfect home for a move up buyers.  Featuers inside the home include 3 main level living spaces; a main level laundry area; 4 bedrooms upstairs and a large basement with a rough in for a bathroom.  Outside is a large level back yard and a storage shed.  There is plenty of parking with this long two car wide driveway plus carport.  My buyers should be blessed with many memories at 11718 Kemp Mill Road.
 
 
 
 
When it comes time for you, a friend or family member to move, please call.  I am here to represent your interests and get you the best value possible, for buying and selling in MD and Washington, DC.
 
Even if you aren't thinking of moving but have a real estate question, please contact me. I would love to speak with you and always have time for your referrals. The best way to reach me is by
cell:  (301)943-4370 or by email:  adambashein@mris.com
 
Life is good!
 
Adam Bashein
Licensed in MD & DC
Cell:  (301)943-4370
office:  (301)469 -4700 - ask for adam
Long & Foster Real Estate, Inc.
information deemed to be accurate but not guaranteed


Tuesday, November 4, 2014

Buy while the asking price for rental properties is going down!

Call:  (301)943-4370
 
 
 
 
 
 
 
An interesting observation and discussion at this morning's office meeting. 

Agents have been noticing more price reductions lately in rental properties.  It could be that the properties are overpriced; it could be a property condition issue; it could be that it isn't prime rental season though people move all the time for a variety of reasons and it could have something to do with the low interest rates.  Have you seen the rates lately, over the last couple of years compared with the early to mid 2000's?!  Some investors are worried that would-be renters are tempted and/or able to buy homes with the great interest rates. 

Have you ever noticed that the higher interest rates are, the higher the asking prices tend to be for rentals? 
While there are situations when one cannot buy, shouldn't you get ahead of the game and buy now with low rates?

If you don't, you could be somebody who keeps investors happy because when rates hit a certain point, the monthly payments might not be where you are comfortable and/or able to make a purchase.  The only good renter is mine :-).

If you or someone you know is thinking about relocating, whether it is buying or selling, he/she wants to talk about the market and/or has a real estate question, contact me today. I always have time for and really appreciate support, interest and referrals.

Life is good!

Adam Bashein
Licensed in MD & DC
adambashein@mris.com
Cell:  (301)943-4370
Office:  (301)469-4700 - ask for Adam
Long & Foster Real Estate, Inc.
information deemed to be accurate but not guaranteed