With the many changes in the mortgage industry, it is hard to keep up with what deadlines are coming up next. On December 7, 2010, the FHA condo recertification process must be completed by each individual condominium complex in order to be eligible for homebuyers to receive FHA financing in their building. There is an [...]
Towson home sale statistics for September 2010 fared much better than most of Baltimore County, according to data released by MRIS, the Metropolitan Regional Information Systems, Inc over September 2009. Focusing specifically on the 21204 zip code, which includes Towson, Ruxton, West Towson, and the Riderwood area, the numbers are very positive, while the majority [...]
Why do some houses sell while others stay on the market? A very good question. The answer is rather simple: price & condition. In a Towson neighborhood where there could be 3 houses that have been on the market for months, a new one comes on. There is a flurry of activity, and the house [...]
At the end of 2009, HUD changed its' condo approval process for FHA condo financing. No longer can a community be given a "spot" approval when a unit goes under contract if a buyer desires to use FHA financing. Condominium developments must be approved in advance of an FHA sale and the approval is only [...]
Towson was named CNNMoney.com's #14 Top Affluent Singles City! CNNMoney.com named the top 25 cities for highest income per single households, and Towson, MD was #14 in their list. This is due to the median family income of $102,302, and the 35.4% rate of singles versus married households. Many Towson professors at the nearby Towson [...]
Last Wednesday, I, Realtormarney, was honored to be on a social media panel of experts with Rich Geha for Keller Williams Realty International's "Spotlight on Social Media" course. I enjoyed the preparation, and sharing my insights on social media, including twitter, facebook, and blogging. Even as I shared my expertise, I always learn when in [...]
On April 8, 2010, FHA sent out a mortgagee letter stating that the FHA approves electronic signatures on documents, including contracts. This is wonderful news, as I have recently begun to use Docusign electronic signatures for the convenience of my clients. I also wanted to use this to prevent the use of paper as much [...]
January and February 2010 has shown some recovery and growth over last year at the same time for Towson home sales. 21204 houses that settled had prices up $24,000. Under contract, however, was down around $106,500 (23%). I attribute much of that drop in February due to the two blizzards. Half as many new listings [...]
On March 10, the Baltimore County Board of Education had a final meeting before their March 23 vote on the boundaries of the new West Towson Elementary School. This meeting, unlike the one in January, which had hundreds of attendees with many speaking about the boundary options, this one had very few, and only four [...]
Gary Keller, the owner of the company I work for, Keller Williams Realty, was interviewed this morning along with a few agents on Good Morning America about HOW to sell your home in this market. These tips hold true in the Towson real estate market as well as others across the US. Tip #1: When [...]