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

Howard County Real Estate Market Update,Based on December 2009 Real Estate Information

So,how is the Howard County Real estate market? Is it getting better? Is it getting worse? Or is it the same?

The photo above is of Centennial Park in Columbia.

The answers may vary by neighborhoods/sudivisions and zip codes. The website below from mris,is an overall picture and these reports come out in the middle of each month. Information is deemed to be accurate but not guaranteed.

http://www.mris.com/reports/marketupdate/Howard%20County.pdf


Here are a couple of Howard County highlights:

1. For 2009 year to date in Howard County,the median sales price was down 9.3% compared to 2008. However,comparing December 2009 to December 2008,the median sales price was UP 3.5%! In fact,the median sales price for December 2009 was 6.35% HIGHER than it was for the rest of 2009. Perhaps 2009 Howard County home buyers "bought low" and yet the market seems to be improving for sellers.

2. For 2009 year to date in Howard County, the average days on market until sale
improved by 10.9% compared to 2008. Comparing December 2009 to December 2008, the average days on market until sale improved by 26.4%. Look at 2009 year to date raw numbers,homes were on the market for just over 3 months and just under 3 months in December. While homes weren't selling in a day,many consider it to be a "seller's market" when homes sell in 5 months or less.

3. For 2009 year to date in Howard County,new listings were down 14.5% compared to 2008 (less homes went on the market for sale). New listings were down by 18.2% in December 2009 compared to December 2008. However,there were a lot more buyers out there! Closed sales in 2009 were up 7% compared to 2008 and they were up in December 2009 by 12.4% when compared to December 2008. Looking at raw numbers,there were 220 new homes that went on the market in December 2009 and 200 homes that settled in December 2009. Those numbers practically cancel each other out! Furthermore,another 189 homes went under contract in December 2009. Housing inventory is down. People are selling and buying.





For more specific information about a neighborhood you are interested in let me know
and if you want a FREE PRE-HOME MARKET EVALUATION, let's meet.

Life is good!

Adam
adambashein@mris.com
www.basheinhomes.info
Cell: 301-943-4370

Adam Bashein
Licensed in MD & DC

Weichert Realtors
7821 Tuckerman Lane
Potomac,MD 20854
301-718-4100 ext. 132

By the way,I am always appreciative and always have time for your referrals.