Wednesday, August 22, 2018

I just sold a townhouse to an investor in Columbia, MD! Instant equity!

An investor was referred to me, reached out to me and we recently closed our first transaction on this 3 level townhouse in Howard County, MD, specifically in Columbia, MD at 5437 El Camino #6B.



The home showed very well, was priced very well and we won in multiple bids.
Our offer stood out because my client's offer was strong and clean.  In addition, the seller's real estate agent and I know a few common agents, established a good rapport and that may have made the difference if the terms of the competing offer was similar.

My client already has equity in the home as it appraised above the contract price.  

It is in a quiet and convenient community near Route 29, Th Fort Meade military base and my client has already attracted a number of rental prospects.

I am so excited for him and look forward to working with him on future real estate transactions.

Call:  (301)943-4370
Email:  www.basheinhomes.info
www.basheinhomes.info

Whenever you hear of a family member, friend or colleague looking to buy and or sell a home or investment property, think of me.  
I am licensed in MD & DC and always have time for your referrals.
Even if they aren't looking to buy or sell but have real estate questions or want to talk about the market, please connect us.  Call:  (301)943-4370 or email:  adambashein@gmail.com

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed



Third transaction with a client! An investment property in Wheaton, MD!

I recently sold this rambler style home at 2105 Arcola Ave in Wheaton, MD. to an investor,
who completed his 3rd deal with me.  We closed our first sale roughly three years ago.



It was a family home for many years.  It was very interesting because the seller and the seller's realtor are also investors so we had many interesting conversations.

I was able to present my clients to the seller's agent as very strong buyers and got my clients a very good price on the home.

The home has 3 bedrooms and 2 baths on the main level plus an unfinished basement...my clients are planning to finish off by adding a few bedrooms, baths and perhaps a kitchenette, if they decide to make it into an accessory apartment,

I am excited to see the final product and to help them complete their next real estate deal.

Call:  (301)943-4370
Email:  adambashein@gmail.com
www.basheinhomes.info

The best compliments that a client can give you are referrals and repeat business.  It is incredibly flattering that this client holds me in such high regard.  

Whenever your family, friends or colleagues are looking to move, wouldn't you want to refer them to a realtor that clients have the confidence and trust to engage in multiple home sales?  Even if they aren't in the market and have a real estate question or want to talk about the market, I would love to meet. Either I can call them or they can reach me: (301)943-4370 or adambashein@gmail.com.
I always appreciate and have time for your referrals.

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed




Wednesday, July 25, 2018

Recent testimonial

"I just bought a condo with Adam, and he was phenomenal. He worked extensively with me, my parents and the owner of the condo to coordinate everything. He took really good care of me and gave me his undivided attention regardless of what time it was. I would highly recommend him to anyone and everyone to use due to his attention to detail, personal touch and overall outstanding communication." -D.K.

Who do you know looking to make a move?
For a free and confidential, no hassle consultation, have them call me:  (301)943-4370 or I will call them; whatever they prefer.  It could be a family member, friend or colleague.  Even if they aren't in the market but have real estate questions, I would be happy to talk with them. I am always thankful and have time for referrals.

Life is good!















Adam
adambashein@gmail.com
www.basheinhomes.com
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed




Thursday, July 19, 2018

Another Silver Spring sale...buyers referred to me by a past client!



I am beyond thankful that the buyers of 11216 Monticello Ave in Kemp Mill, a subdivision in Silver Spring, MD were referred to me by one of their local friends...who had also been referred to me several years ago when they needed to find a home...and they also bought in Kemp Mill.

The buyers made a decision to initially rent while getting a feel for the community and shortly after they made the initial move, we started looking at homes for sale, some of which were on the market and some of which I knew about and were not on the market yet.

                        Call:  (301)943-4370
                  Email:  adambashein@gmail.com
                      www.basheinhomes.info



11216 Monticello is really a 1 of kind home with several special features, including a garage, which is a premium for the neighborhood, 5 bedrooms on the upper level, a main level office plus several entertaining areas and a modern kitchen.  The basement boasts 2 additional bedrooms, a bath and recreation area.  On top of all of the home's features, it is in a great, close in location within Kemp Mill, a few blocks from the full service shopping center, a local bus stop, parks, community pools and houses of worship, to name a few items.
I wish them many years of happiness in their home and am delighted for them to practically be my neighbors, as I live in Kemp Mill.




Anytime a family member, friend or colleague tells you that they are looking to sell or buy a home, I am here to help. Either I can reach out to them and set up a time to speak or they can initiate the contact...whatever is most comfortable for them.  Call/Text/WhatsApp me:  (301)943-4370 or adambashein@gmail.com.   Even if they aren't looking to move and have real estate questions or want to talk about the market, it would be my pleasure to meet with them.
I always have time for and am thankful for their referrals.
Life is good!
Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 -ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed




Monday, July 16, 2018

I am gaining market share in University Towers, a condominium community in Silver Spring---- 3 recent deals with unique flavors




I have steadily been gaining market sharing in University Towers, a condominium community in Silver Spring, MD, recently completing the sales of 3 condominium units.  University Towers is actually comprised if 2 high rise condominium buildings in Silver Spring, MD., near the corner of University Blvd and Arcola Ave. It is a sought after community because of its convenience, amenities and conveniences.  Many people, whether first time home buyers or people downsizing purchase in this condominium community because they have strong connections to the Kemp Mill community and want to be part of that community without the upkeep and expenses of a home.

I recent sold units 619-B, 1007-B and 1114-B, which all had their unique wrinkles.

The owner of 619- B, a 2 bedroom, 2 bath condo,  had recently moved and I contacted the owner asking if the condo could be shown to my clients.  We were able to come an agreement and the condominium unit never even hit the market.  

The owner of 1007-B , a 1 bedroom condo contacted me several years ago about moving up from a condo to a house but for a variety of reasons that didn't work out.  The owner stayed in place and she called me in the fall, ready to sell.  I was so flattered to have left such an impression with her that she had my contact information.   It was a very difficult situation as the owner has purchased at the height of the market, had 2 mortgages on the home and today's market value is still lower than it was back then.   So we agreed to do a short sale which takes a lot of patience and a lot of work.  Fortunately, I was able to secure a patient buyer who understands short sales and was able to wait out the time period. The short sale company did a great job.
*Rule of thumb if you buy a short sale:  in addition to needing to have patience, if you are purchasing the home with a loan, don't lock the interest rate until the short sale is approved because you can't predict or promise the time period by which we settle and you can only lock an interest rate for a finite time.

The owner of 1114-B contacted me after he heard that I sold a home nearby.  We connected immediately and roughly a month after we talked, I put the condo on the market and got a full price contract after being active for 8 days.  The buyer used an FHA loan, which my seller had reservations about, but after discussing the loan program and talking with the buyers, the seller got more comfortable.  The condo appraised at full price and we settled. 
*Rule of thumb for buyers when completing a contract for a home purchase:  make sure you know how long of a lock rate your lender is giving you on the loan so you can figure that into the settlement date.  You can see the relevance of lock rates as I mentioned that in my note about the 1007-B sale.
The buyer for unit 1114-B was mistaken/didn't confirm how long her lock rate was for prior to our completing a contract.  Several days after we were under contract, she learned that the settlement date was further out than her lock rate period and the seller didn't want to move out early because a lot of logistics were involved in coordinating his move and he was unable to reschedule.  We came to a compromise, enabling the buyer to settle within the lock rate period and allowing the seller to rent back the condo until the original settlement date.  Thankfully it all worked out.

As you can see from above, there are several possible variables in the sale of a property, whether it is a condominium, townhouse or detached home.   I am confident in my ability to handle expected and unexpected wrinkles in a home sale, my ability to make your home goals and home dreams come true.


Whenever a family member, friend or colleague says they are thinking about moving in the MD & DC area, please think of me and pass along my contact information or I will initiate contact with them--whatever is more comfortable for them.  If you are thinking of moving, I would love to help and we will have a free and confidential, no hassle consultation.  CALL/TEXT/WHAT'SAPP:  (301)943-4370 or adambashein@gmail.com.  Even if they or you aren't in the market to buy or sell but have a real estate question, want to talk about the real estate market, I would love to meet.  I always have time for and appreciate your referrals.


Life is good!
Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed

#RealtorAdamBasheintrendinginUniversityTowers
#AdamBasheinSellingSilverSpringMDhomes
#WhatsBrewingintheHousingMarketaskAdamBashein
#RealEstateChatwithAdam
 — feeling awesome with Real Estate Chat with Adam and My Olney Home at Real Estate Chat with Adam.



Monday, July 2, 2018

Just sold a 2 bedroom, 2 bath condo in University Towers, before it hit the market!


I just sold this 2 bedroom, 2 bath condominium unit in University Towers, a high rise condominium unit in Silver Spring, MD. Before it even hit the market.  University Towers is located near the intersection of University Blvd. and Arcola Ave. 

I called the owner, who I heard was going to sell, asked the owner to confirm and then set up a showing for my buyer.  After a little negotiating we had a signed contract.

Congratulations to all parties!


Call:  (301)943-4370
Email:  adambashein@gmail.com
www.basheinhomes.info







Who do you know that is looking to move and needs a full service realtor? Family?  Friends?  Colleagues?  Yourself?  Even if they aren't ready to move but have real estate questions, please put them in touch with me.  
Call/Text/Whatsapp:  (301)943-4370 or email:  adambashein@gmail.com.  

I am happy to reach out to them or they can reach out to me...whatever is more comfortable for them?  I always have time for and immensely grateful for your referrals.

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed






Friday, June 22, 2018

Listed and sold in University Towers! Under contract in 8 days!



I just listed and sold a beautiful 1 bedroom condo in University Towers, a condominium building in Silver Spring, MD. 
1121 University Blvd W. #1114B Silver Spring, MD 20902

 It was nicely updated and set up with certain touches to be wheelchair friendly.
We got full price. The buyer used an FHA loan and there was no problem appraising.

The only challenge was the buyer using an internet lender who was not efficient and a poor communicator.  We literally didn't know until Wednesday afternoon whether settlement would be on time or delayed.  Choosing the right lender is right up there with choosing the right home for you.
That being said, the seller, the buyer and the realtor all got along and communicated well during the process.

I am excited for my seller as he embarks on the next step in his life.  We met a few months ago when he received a mailer from 1 of my sold listings and invited me over to look at his condo.  He is a real gem and is moving out of town to be closer to family.








Call:  (301)943-4370
Email:  adambashein@gmail.com
www,basheinhomes.info



If any of your family, friends or colleagues are thinking of relocating, whether it is selling, buying or both, I would love to sit down and talk with them about the market, their goals and what I can do for them.  Even if they aren't looking to move and have real estate questions, they can always contact me:
adambashein@gmail.com or (301)943-4370
I always have time for and greatly appreciate your referrals.  By the way, if you are thinking of moving or have real estate questions let's get together for coffee!

Life is good!

Adam







adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed





Thursday, June 14, 2018

The latest trend in Senior Living - Seniors Want the Urban Social Experience


Seniors Want the Urban Social Experience




According to the 2017 Aging in Cities Survey commissioned by Welltower, seniors are no longer content to retire quietly to the suburbs to live out their twilight years. In fact, 78 percent of baby boomers reported a desire to stay in their current city beyond age 80.
Why the city?
Today's senior wants the urban social experience with walkable downtown areas and shopping centers in addition to quality health care and public transportation. They want access to cultural activities and diverse populations that allow for the opportunity to meet new people. Eight out of 10 survey respondents reported wanting to make new friends in their 80s, and 60 percent believe it's easier to meet new people in a city environment compared to a suburb.
How do they plan to live?
One in five baby boomers said their first choice would be to live in an urban senior living community with full amenities and access to the city's offerings, with another 76 percent stating they would be very open or somewhat open to this idea.
Why is this significant?
According to the report, urban areas with a high quality of life are experiencing double-digit growth of the aging population, often six times faster than the city's total population growth. With the oldest baby boomers entering their 70s, agents need to be ready to find properties suitable for this demographic.
What's the takeaway?
What home features and community amenities should you be aware of for this group? Easy access to public transportation and a parking garage topped the list of desired amenities. For home features, look for well-designed kitchens, elevator access and communities that allow pets in the home. On-site community features should include full-service laundry, gyms, pools and outdoor areas.
Get in touch with me today if you are thinking of moving--whether or not you are a senior,  if you'd like to discuss this or other trends happening in our industry. And if you know anyone, whether senior or not. who is thinking of moving, I always have time for and appreciate your referrals.


Call:  (301)921-4500
Email: adambashein@gmail.com
www.basheinhomes.info


Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed

Thursday, June 7, 2018

The interesting real estate history of a local home.



Front of the house which didn't originally exist when house was built!


House of the day with some interesting history.
A spacious 5 bedroom and 3 bath rambler in a cul de sac near Georgia Ave and Layhill Rd.
Originally the back of the house used to be the front of the house, I believe before the cul de sac and neighboring houses existed. Below is "the original front" and what is now the back of the house.

Original front of the house (now the back of the house)


So you left the house on a different street than the street is currently on.  The home's original address may be different than the home's current address!
The owner put an addition on the house, converting the front of the house into the back of the house while the other houses on the street were being developed. That makes a lot of sense because the other houses on the street look different in style and in build.
Perhaps because of the way the lots in the cul de sac were subdivided,
 the owners of the home didn't think they could gracefully create a full driveway and/or garage.
My client and I were looking at possibilities to extend the driveway and/or add a garage

I love coming across unique homes with history behind them.

Doesn't HGTV have or used to have a show called What's up with this house?

Call:  (301)943-4370
Email:  adambashein2gmail.com
www,basheinhomes.info



Anytime you or someone you know is thinking about making a move in the Maryland or DC area, has a question about their local market...even a question about a specific house, please refer people to me and reach out to me yourselves.  Call/Text/WhatsApp:  (301)943-4370 or adambashein@gmail.com.  I always have time and appreciate your referrals.  

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.com
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed
















Thursday, May 10, 2018

Listed and sold in White Oak, part of Silver Spring, MD in 3 days, beating a foreclosure notice!

Cell:  (301)943-4370
Email:  adambashein@gmail.com
www.basheinhomes.info





I listed and sold 10702 Meadowhill Road, a 4 level split in White Oak, a part of Silver Spring, MD.
The house is in Northwest Branch Estates, boasts 4 bedrooms and 2 baths upstairs, a 5th bedroom with bath one level down.  The main level has a kitchen, of course :-), dining room and living room plus access to the deck in the backyard.  Down one level, on the same level as the 5th bedroom is a family room with a side entrance to the driveway.  The lowest basement is a recreation/office area plus workshop.  
We listed the house on a Sunday morning and 3 days later we were under contract with a strong as is offer from the buyer.

Unfortunately it was a tight situation financially and the buyers worked with us in moving up the settlement date to beat a foreclosure notice, so it could be a clean sale, the seller could get some proceeds from the sale of the house.  With the quick and sudden settlement, the buyer allowed the seller to do a 45 day rent back  With a great team effort from surrounding friends and kind people, we were able to help the seller pack what she needed to take, get rid of items she didn't need and get the house empty and clean for the buyer.

Special kudos to the settlement company for going above and beyond in not just regular communications but working to keep everyone calm and focused, during a particularly intense sales process.  It's never easy for someone to move after living in a house, being part of a community for over 20 years.

Best wishes to the seller and buyer on their next steps.

If you or anyone you know is thinking about moving or has a real estate question, I would love to talk even if you aren't ready to buy or sell.  Call: (301)943-4370 or email:  adambashein@gmail.com.
I always have time for and appreciate referrals. 

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guarateed







Wednesday, April 11, 2018

Owning an investment property continues to be one of the best decisions I ever made.

Cell: (301)943-4370
adambashein@gmail.com
www.basheinhomes.info

Awesome day already.

Big personal real estate news and success.

Right before Easter I sent my renters a happy holiday note and let them know I was going to be out of communication a few days.

My renters responded saying thank you, we wish you a happy Passover and they plan to send me some happy news.

They emailed me last Wednesday. Opens up with 1 of them recently getting a great new job and them recently getting engaged, how much they love my condo and it has been a special place.

I am waiting for the next paragraph about moving but...

They continue that with the new job they will be in DC at least a few more years, would love to stay and even extend with a multi year lease, as I had present to them when they considered the condo last summer.

I'm thinking, "HECK YEAH", and after a short time period of analyzing the situation and the market, replied saying let's extend the currently lease by 2 years through and including the the end of July 2020 with proposed rent of $X that will be kept in place during that time.

And....this morning we are fully signed off on the lease extension!!!

This is so fabulous. Our lease was set to end July 30 and they had to give me 60 days notice of their intentions (the end of May) and now a lease is extended roughly a month and a half ahead of the game. I can now relax on Memorial Day Weekend, lol.

If it had been signed off yesterday, then it would have literally been de ja vu all over again! A few years ago on April 10, my previous tenant and I also agreed to a 2 year lease extension.


Two of the best moves I have ever made were buying a condo, even while a single guy and keeping the condo as an investment property when I got married. It has really paid off and I burned the mortgage a little back. I treat the condo like a business and have been mostly blessed with good renters and income.

Have you ever thought about buying an investment property? We should talk.

Top of the morning to you!

Have your colleagues, family or friends ever talked about buying an investment property, whether as a place they would first live in and keep as a rental when they move or buy a place to rent out right away?
I would be happy to meet and discuss the topic with them. Even if they aren't in the market to buy or sell but have a real estate question and want to talk about the market, have them contact me: (301)943-4370, adambashein@gmail.com for high service and low pressure. I always gave time for and appreciate your referrals.

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct: (301)943-4370
Office: (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed






#leaseextensionfortwomoreyears
#incomeproperty
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#100126thstreetnwunit301
#whatsbrewinginthehousingmarketaskadambashein