Cheryl Ritchie

Is It Really Better To Rent Than To Own a Maryland Home Right Now?

goldenresults — Fri, 10 Mar 2023 21:33:02 +0000

Is It Really Better To Rent Than To Own a Maryland Home Right Now? You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot...

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Could a Multigenerational Maryland Home Be the Right Fit for You?

goldenresults — Fri, 10 Mar 2023 21:28:37 +0000

Could a Multigenerational Home Be the Right Fit for You? During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR): “Multi-generational buying may...

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4 Tips for Making Your Best Offer on a Home

goldenresults — Fri, 10 Mar 2023 20:56:32 +0000

4 Tips for Making Your Best Offer on a Home Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer....

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Buying a Maryland Home May Make More Sense Than Renting [INFOGRAPHIC]

goldenresults — Fri, 10 Mar 2023 20:39:46 +0000

Buying a Maryland Home May Make More Sense Than Renting [INFOGRAPHIC] Some Highlights

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Getting Comfortable with New Normal Maryland Interest Rates

goldenresults — Fri, 10 Mar 2023 20:02:26 +0000

The biggest shock to homebuyers is the soaring mortgage rates of 2022 that doubled in one year resulting in approximately 15 million mortgage ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was at 6.5%. While that is twice as high as it was on January 6, 2022, it...

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2 Things Maryland Sellers Need To Know This Spring

goldenresults — Thu, 09 Mar 2023 20:43:48 +0000

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1. Houses That Are Priced Right Are Still Selling Houses that are updated and...

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Playing Maryland Real Estate Monopoly Is Good Homework

goldenresults — Thu, 09 Mar 2023 18:15:12 +0000

If you’ve ever been in a Monopoly game after most of the properties have been purchased and developed, it can be a relief to land on Free Parking, knowing the dice must rotate to the next player giving you a respite from paying rent. Like the game, in real life, it would be nice to avoid paying rent and even...

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Maryland Bright MLS Market Reports for week ending March 5 2023.

goldenresults — Wed, 08 Mar 2023 19:47:23 +0000

Here are the Bright MLS Maryland Real Estate Market Stats for the week ending March 5, 2023. Check back for more weekly Maryland Market Stats.

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BrightMLS Maryland Weekly Market Reports Week Ending Feb 12 2023

goldenresults — Tue, 14 Feb 2023 20:06:01 +0000

Here are that Bright MLS Weekly Maryland Market Reports for the Week ending Feb 12, 2023.

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Maryland Association of Realtors Jan 2023 Housing Statistics

goldenresults — Tue, 14 Feb 2023 17:05:53 +0000

Here are some Jan 2023 Maryland Association of Realtors Housing Statistics and Infographics. Also, check out the Housing Demand Charts from MAR at https://www.homedemandindex.com/washington-dc/february-2023/

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Maryland Real Estate Buyer Incentives

goldenresults — Mon, 13 Feb 2023 14:39:13 +0000

Sellers, who last year, were not willing to make any concessions, are much more likely to do so this year due to the softening of the market because of inflation and higher mortgage rates affecting affordability for buyers. Concessions can take place in different forms. A seller could offer to pay the buyer’s closing costs or...

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Turn Back Time

goldenresults — Thu, 09 Feb 2023 18:19:25 +0000

As the expression goes, “if I could turn back time”, maybe you’d would do some things differently. If you’re wanting to buy a home, the regret may come from not getting a mortgage when rates were half of what they are today. There may not be a way to literally “turn back time” but you...

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Negotiating Your Position

goldenresults — Thu, 09 Feb 2023 17:57:39 +0000

The seller wants the most for their home and the buyer wants to pay the least possible. From the very beginning of the homebuying process, there are adversarial positions between the principals. If you happen to be in a multi-offer situation, it just complicates things further. Then, there are the emotions that tend to cloud the decision...

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If you’re on the MD Real Estate sidelines, at least get ready…

goldenresults — Wed, 08 Feb 2023 16:40:01 +0000

If you’re on the sidelines to buy a home, there are things you can do to be ready when you do get back in the game. Improve your credit score to qualify for the best mortgage rate available which are reserved for those with the highest scores. Get a copy of your current credit reports from...

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Negotiate a Buydown to Get into a Maryland Home Now

goldenresults — Wed, 08 Feb 2023 16:25:10 +0000

If you are a prospective homebuyer, things have changed in the past year. Most notably, mortgage rates have more than doubled which has created an affordability gap that has taken approximately 15 million buyers out of the market. Inventories are growing but it isn’t because more people are deciding to sell their homes; it is because...

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