This Month in Real Estate for February 2011 shares that 89% of all homebuyers begin their home search online. Jay Papasan also shared that home sales were at an annual rate of 5.3 Million with a median home sales price of $168,800, and the national average mortgage interest rate was 4.71%. For selling a home [...]
Federal Home Loan Bank's $7,500 First Time Buyer Grant is back for many qualifying individuals. Brian Picker, one of my mortgage partners from 1st Mariner Mortgage, announced the return of the program and his company's involvement in it. Here are particulars on the grant qualifications from the information he sent over to me: Details: • [...]
The IRS has issued a new law for rental property owners who have work done on their house over $600. This is part of the Small Business Jobs Act of 2010 (Law H.R. 5297), which expanded the law from multiple family units to individual owners. They are now considered to be conducting a trade or [...]
The Dairy Road bridge in Parkton will be closed for about 10 weeks as it is reconstructed for safety. The bridge is located east of I-83 in Parkton, and will be under construction for about 10 weeks. It was built in 1920, and the concrete was deteriorating from age & usage. When it reopens, it [...]
The non-resident seller withholding transfer tax, which is charged to sellers who are out of state without certain requirements, has been reduced from 7.5%. **PLEASE NOTE -- THIS IS FROM 2011. THE LAW AND % CHARGE, AS WELL AS ADDENDA MAY CHANGE AT ANY TIME.** MAKE SURE TO CHECK WITH THE MARYLAND STATE GOVERNMENT, YOUR [...]