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

#SilverSpringMDrealestatewithAdam

#historyofhouses

#MontgomeryCountyMDRealEstate#whatsupwiththathouse
#RealtorAdamsellsMDandDC
#RealEstateChatwithAdam
#whatsBrewinginthehousingmarketaskAdamBashein

The magic price range in the December 2017 Housing Report for Single Family Homes in Montgomery County, MD, is $300k-$499,999

According to GCAAR's December 2017 monthly sales report for single family homes in Montgomery County, MD., more homes were listed for sale, went under contract and settled in the $300k-$499,999 price range than in any other price range.  There area lot of buyers in this price range.  

That being said, during December a good number of homes in other price ranges:  $200k-$299,999; $500k-$899,999.  

New listings, contracts and settlements in December were down significantly from December 2016.

With inventory down, the market continues to be solid.  Looking at the 'Average & Median Price' chart above, we see that prices went up significantly from 2016 to 2017, as the average sales price for 2017 was $594,820 while the median sales price was $480k.  "median price" adjusts and accounts for homes that sold significantly above or below most of the homes in the area.

Every market is different.

Call:  (301)943-4370

Email:  adambashein@gmail.com

www.basheinhomes.info

If family members, friends and/or colleague are thinking about buying and or selling in the Montgomery County, MD. area, please share this information with them and tell them that when we meet, I will do a custom market analysis of the area(s) they are looking to buy and/or sell in.  Some markets within Montgomery County, MD. are stronger or weaker than others.  Even if they aren't thinking about moving but have a real estate question or comment, I'd be happy to contact them or they can reach out to me if that is more comfortable by calling/texting/whatsapping me:  (301)943-4370 or emailing me:  adambashein@gmail.com.  I always appreciate and have time for your referrals.

Life is good!

Adam

adambashein@gmail.com

www.basheinhomes.info

Direct/Cell:  (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

If you can afford to rent you can probably afford to own and we should meet

Great piece put together by one of my colleagues.

If  a family member, friend or colleague who is renting, he or she needs to get approved for a loan and meet with me to learn about the home buying process, what is brewing in the housing market and that there are probably homes for sale in their price range.  If they just want to keep on renting, then they are simply paying another person's mortgage.

Call:  (301)943-4370

Email:  adambashein@gmail.com

www.basheinhomes.info

Even if you know people who aren't in the market to move for a while but they are curious about the real estate market and/or have a real estate question, I would be delighted to meet and speak with them.  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

During 2017 a number of Olney home buyers got great values between $300k and $400k! That could be you during 2018!

 

According to MLS, during 2017, 73 people purchased homes in Olney between $300k and $400k!

And, as a reminder another recent post of mine, according to MLS , during 2017, another 62 people bought homes in Olney for $300k or less!

Olney is a beautiful, serene area, with homes that have both a flair and good value  In addition, the Inter County Connector(ICC)/ made Olney even more accessible parts of the area, whether for business or pleasure.

Call:  (301)943-4370

Email:  adambashein@gmail.com

www.myolneyhome.com

Any time you hear of a family member, friend or colleague who is curious about the Olney community, the real estate market and the home buying/selling process,  whether he or she is thinking of buying or selling now or if it isn't going to be for a while, I always have time and appreciate your referrals.  If they want me to initiate the connection, I would be delighted to and if they would feel more comfortable initiating the contact, I would be equally delighted.  They can call/text/WhatsApp me:  (301)943-4370 or email:  adambashein@gmail.com.  Your family, friends and colleagues will thank you for connecting us.

Any time you or someone you know wants to see what is brewing in the housing market, whether it is in Olney or any other area in MD and DC, I invite you to visit www.myolneyhome.com.

Life is good!

Adam

adambashein@gmail.com

www.myolneyhome.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

 

 

Look at the great value some lucky Olney, MD home buyers got during 2017. That could be you during 2018!

Call:  (301)943-4370

Email:  aambashein@gmail.com

www.myolneyhome.com

Great home buying opportunities in Olney, MD.  

Let's talk about the market!

Interest rates are great and still at an all time low.

Whenever you hear of someone thinking of buying or selling, please have them contact me and I will take great care of them:  (301)943-4370 or adambashein@gmail.com.    Even if they aren't looking to move in the immediate future but have a real estate question, I would love to hear from them and always have time for your referrals.

Life is good!

Adam  

adambashein@gmail.com

www.myolneyhome.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

Thanks to your referrals, I have been on a roll.

I've been on a nice roll.

Thank you so much to everyone who contacts me in relation to their personal real estate needs and refers me to people they know who are looking to move.  As a reminder, I am licensed in MD & DC.  

Cell:  (301)943-4370

Email:  adambashein@gmail.com

www.basheinhomes.info

Who do you know that is looking to make a move? I pledge to take care of them.

Even if you know people who aren't looking to move but have real estate questions or want to talk about from the market, I would love to hear from them.

Call/Text/whatsapp:  (301)943-4370; adambashein@gmail.com

#realtoradambasheinisonaroll

#realtoradambasheinisgratefultoyou

#whatsbrewinginthehousingmarketaskadambashein

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

Sales slow, inventory dropping

Call:  (301)943-4370

Email:  adambashein@gmail.com

www.basheinhomes.info

Who do you know that is thinking of moving?  I am here to help.  Any time they want to talk about the market or have a real estate question...even if they aren't thinking of moving, please either share with their permission, the best phone number and email to reach them or have them reach out to me...whatever makes them more comfortable. I always appreciate and am grateful for your referrals. I also pride myself on being high service and low pressure.  So I will move at your family member's/friend's/colleague's pace.

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

Maryland tackles Student Debt

 

 

 

Call:  (301)943-4370

Email:  adambashein@gmail.com

www.basheinhomes.info

 

 

 

The state of Maryland is making an effort to help potential homebuyers who have student loan debt. They’ve launched two specific programs within its Maryland Mortgage Program (MMP).

You’ve Earned It Program –This Maryland program gives a little bit more help to those first-time buyers who qualify for a MMP loan and also have a minimum of $25,000 in student loan debt (whether it’s in repayment or deferred status).

• Recipients will get $5,000 as part of down payment assistance (DPA) deferred loan with 0% interest;
• Recipients will receive 0.25% below the regular conventional and government interest rate for MMP 1^st

The home must be located in a Sustainable Community (a wide range of localities marked in orange on this map.

Other conditions include: You must complete homebuyer education. You must use an approved lender. Condo buyers will need to purchase in a FHA or Fannie Mae-approved building.

Also available with the You’ve Earned It program — The Partner Match Program and the Maryland Homecredit Program.

Check out mmp.maryland.gov/EarnedIt for more information.

SmartBuy Program — This Maryland program is different since it’s focused on a specific and limited number of eligible properties that have been selected by the Department Real Estate Owned (REO).

There’s not as much flexibility in the selection of a home, but this could be an option for some buyers. So take a look at its current list of homes available for sale.

This program will pay off any outstanding balance on a borrower’s student loan at the time of the home purchase with certain restrictions. You must have a minimum of $1,000 student loan debt and up to a maximum of 15% of the home’s purchase price.

First mortgage will finance up to 95% of the sales price. A second mortgage will be a forgivable loan to pay off the student loan balance. A third mortgage can be in the form of a down payment assistance 0% deferred loan.

You must live in the house for at least 5 years to have your student loan debt forgiven.

For more information, check out mmp.Maryland.gov/SmartBuy

Tapping into Federal Loan Programs

There are several government programs that offer loans that are better for borrowers with student loans and on a tighter budget.

Each has different requirements and may not be a good option for you. However, one may make your homeownership dreams comes true.

• Fannie Mae HomeReady Mortgage — allows up to a 50% DTI and 3% down payment.
• VA Loan Guaranty – Buyers who have served in the military can qualify for a loan with 41% DTI. That can be overridden if some of your income tax free.
• FHA Loan – Usually allows a 43% DTI but will sometime allow a higher DTI on case-by-case basis.

I hope this is helpful.

Anytime you or someone you know is thinking about buying or selling a home or has a real estate question, I would love to speak with them. Please either share their contact with me or share my contact with them...whatever they prefer. 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

RE/MAX Realty Group

Licensed in MD & DC

information deemed to be accurate but not guaranteed