2010
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Sensational colonial with all the bells and whistles features 9′ ceilings, hardwood floors, separate living room & dining room, private library, family room with fireplace adjoins sun-filled morning rm, gourmet kitchen with designer granite, upgraded cabinetry, sep breakfast room, glorious master suite with sitting room and fireplace, fully finished lower level with den/guest room, & wine cellar
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Category : Recently Sold
**UNDER $200,000!!! Gorgeous,spacious 2-level, 3 BR/2FB condo dripping with charm! 16′ceilings, large LR W/FP, updated kitchen with bkfst bar, separate DR, hardwoods throughout LR,DR,kitchen, large BR’s, MBS w/updated bath & walk-in closet! Fantastic loft/3rdBR/den! Stunning, decorator paint! Huge deck for outdoor entertainment! Est.taxes $2,379.00. [nggallery id=6]
Category : Recently Sold
Discover this quiet, water privileged area of Eastport! WOW! Recent remodeling includes gourmet kitchen w/Cherry Cabinets, all granite tops incl.island/breakfast bar, high end SS Appliances. Refinished hardwood floors and recent HARDIPLANK ext. siding. Windows and doors recently replaced. NEW front loading washer&dryer. Side and rear yard fully fenced. NO For Sale Sign.
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Category : Recently Sold
Three level townhouse with 3 brs 2 full 2 half baths, finished basement. Great kitchen with breakfast area, sep dining area with walkout to large deck & fenced back yard. Call to see this nice home.
Category : Recently Sold
2 br, 2fb , top floor condo built in 2006. Spacious open floorplan, high ceilings, granite counters, large balcony, view of pool. Near shopping and major access routes. Garage conveys.
Category : Recently Sold
Largest model in subdivision. Clean as a whistle! NEW: carpets, all KT appliances, water heater. Roof 7 y.old. Hdwd flr in KT & large breakfast rm. Deck. All BR’s have cath.ceil’s. Master BA w/sep.shower, tub & double sinks. Hallway BA w/tub. Daylight walk-out bsmt w/FP, half BA, laundry rm & extra storage. 1-car grg. Fully fenced back yard. Terrific location!
Category : Recently Sold
Cute rambler with a large yard! Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage financing. Please contact listing agent for more info. Bank owned and sold strictly AS-IS. Buyer pays 100% transf. and record(seller is exempt).
Category : Recently Sold
Nicely renovated townhouse, new kitchen, hardwood floors, fab location, opens to green space, close to Metro.
Category : Recently Sold
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***Priced to Sell/Move-In Ready in sought after water privileged Carrolton Manor Community***Original Owner*** New roof, new windows(installed next week), new carpet, SS appl’s, & fresh paint. Over-sized driveway with room for boats etc. Two lots convey totaling about 1/4 acre of private/pleasant fenced lot w/ mature trees shed & Deck. Blue Ribbon Schools, EZ commute to DC/BAL, Ft. Meade/NSA!
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Category : Recently Sold
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Beautiful townhouse tucked away in a neighborhood backing to Little Lake Seneca. 3 bedrooms,3.5 baths, fully finished lower walk out level with fireplace. Large,eat in kitchen with adjoining sunroom. Vaulted ceilings and skylights add to the open feeling. Meticulously maintained and updated by original owners. This is a stunning home!
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Category : Recently Sold
Ok, so we all know(or should know) the federal tax credit expires on April 30th. Just to clarify, you must have a ratified contract by April 30th and must settle by June 30th. Obviously this has been a strong motivational factor to buy for a very long time. Especially when the incentives were increased to $8,000 for a first time home buyer and $6,500 for move up/repeat home buyers.
However, on top of the tax credit expiring, we now have some changes to FHA loans that buyers need to consider as well. These changes will be effective April 5th so if you’re looking to buy right now you need a FHA case file by that date in order to use the old changes. If you’re obtaining a conventional loan than this will not apply. FHA(Federal Housing Administration) is raising it’s upfront MIP (Mortgage Insurance Premium) from 1.75% of the sales price to 2.25% of the sales price. This insurance premium is financed into the loan so it is not an exuberant amount, but will change the monthly payment. Here’s an example:
Sales Price: $400,000 Loan Amount Minus Minimal 3.5% DP: $386,000
FHA MIP @ 1.75% of $386,000: $6,755 Total Loan Amount: $386k + $6,755=$392,755
FHA MIP @ 2.25% of &386,000: $8,685 Total Loan Amount: $386k + $8685=$394,685
So, while it is a rather small amount when financed over 30 years, it’s still more money you will need to pay.
The other change that will become effective for all FHA loans not filed before April 5th is the amount of seller subsidy a buyer will be allowed to obtain. Currently a buyer could receive 6% closing help/seller subsidy on all FHA loans. However, it will soon be only 3%. Typically, your closing costs are no more than 3% when obtaining a loan, but buyers have been getting additional money to buy down their interest rate. However, that will no longer be an option and with whispers of potential interest rate hikes, this could be critical to some. The best thing to do now if you’re looking to obtain any type of loan and buy a home is speak with an experienced loan officer and an experienced real estate agent to make sure you are informed on all the upcoming changes and guided to a successful purchase and loan.
Ben White-Montgomery County Specialist
The Choice Real Estate Team
ReMax Town Center
Category : Blog
With the first time home buyers tax credit expiration date coming to an end April 30th, the Germantown housing market has become very aggressive. A large number of my clients are first time home buyers and desire either TH or newer condo. Typically, these buyers would like their monthly payment to be at or around $1500 a month with all taxes, fees , and insurance included. This would make their price cap about $200,000. Contact a Loan Officer for greater pricing details.
It is possible to obtain a town home or newer/updated condo in that price range, but trust me, there will be competition. Germantown homes in this price range do not stay on the market long and more often then not there are multiple offers to compete with. On numerous occasions over the past year I have written up to 10 offers for one particular buyer in this price range because they may have been out-bid on other properties by other anxious buyers. Now, with a final push to have a ratified contract before April 30th, the market is more competitive then ever.
If you would like more information or are looking in this range, contact a local Germantown Agent who knows the market and can guide you to a successful offer. It is also imperative to have an official MLS search set up as I spoke about in my last blog.
Ben White- Montgomery County Agent
Category : Blog