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 [...]
Reviewing the 21204 zip code sales, contracts and listings for December of '08-December of '09, there are many interesting variations throughout the year. The good part for the owners of Towson homes in the $500,000 and higher range, is that finally these seem to be selling! 11 properties in December went under contract [...]
Over 300 people attended the meeting at Loch Raven High School last night about where the boundaries may be drawn, and which children in Towson may be redistricted to the new West Towson Elementary School. The Towson Families United group, which is "A coalition of parents and residents seeking a long-term solution to Towson's overcrowded schools", reports [...]