Our Blog: Central Maryland Real Estate News, Tips & Local Insights

Here is your next new home or investment! This townhouse in the Willowood neighborhood has hardwood floors on two levels. Large eat in kitchen, formal dining room, sunken living room with fireplace, finished basement with walkout.

This home does need work, but if you are handy or know someone who is, this is the perfect opportunity to take advantage of this deal!!

It’s a new decade—and apparently, for a large chunk of homeowners in the US, the new decade means planning to buy a new home.

According to a recent survey from LendingTree, nearly half of the homeowners surveyed (45 percent) said they planned to move within the next decade. The top three most common reasons for planning a move?

To move to an area with a lower cost of living (30 percent)
To move to an area with better job prospects (28 percent)
To be closer to their children (21 percent).

The Takeaway:
What does this mean for you? With about fifty percent of people planning on moving in the next decade, that should allow for a decent proportion of buyers and sellers and a healthy market for you to sell and buy in, if you’re among the half of the population who ends up moving.

Like what you see? Call us today 443.386.1306
or visit https://Debbi.RiveroRealtors.com/listing/102403399
for more info!

Dandelion is now delivering! Let's continue to support our local businesses. The food is simply incredible and affordable prices. They are running Family Specials as well! Feed your family with exceptional food for only $50.00. And to make it better, they are stocked with wine as well!!

www.dandelionbistro.com

         Special Wine Deals!!       

There is hope! Reconsider your options. Have you heard the phrase "Don't put all your eggs in one basket"? So, the financial advisors who make their income by having you invest in their firm will surely explain that is the perfect reason to invest in mutual funds. Although that might be sound logic, it's by no means the entire picture. You might want to seriously consider investing in Real Estate. Real Estate when purchased correctly, remember the phrase "Location, Location, Location", can be a vital tool for any retirement vessel. Did you know that many mortgages on properties in most Maryland counties are currently lower than their corresponding rents? Do you realize that the tenant pays your mortgage while putting extra money in your pocket. That is the passive income that everyone is looking to achieve or required for retirement. As your tenant pays down your mortgage, the rents continue to rise. By the time you own the house outright, you have a significant amount income per month with only one rental. While there are tax implications, so you should also consult your accountant, the investment could be an attractive alternative. Let's look at the figures.
In a hypothetical case, but one that I could duplicate today, an investor can purchase a townhouse in a neighborhood with no HOA. Let's say you purchase it for $300,000. Most lenders will require a 25% down payment (there are other options to this) So, your down payment would be $75,000. Let's say including closing costs, your total investment is $87,000. At the same time, a 30-year mortgage on this property including taxes would be about $1600.00/mo. A townhouse that fits this scenario would probably rent for $2100.00/mo or $500.00 extra in your pocket a month, $6000.00/yr. That is roughly 7% per year. As rents increase, that number will grow. Once your mortgage is paid off, not only would you have $2100/mo to spend as you wish, you will also have an investment property that with moderate appreciation would be worth approximately $600,000! The return on your initial investment is phenomenal. Don't have that much to invest? That is okay too. Let's have a conversation. There might be other ways to make it work for you. Real Estate could be a gold mine, hop on board, we will show you how to 'dig in'! Call us today! 443.386.1306

May the luck of the Irish be with you today! We are bracing for a busy spring market, low rates, high employment, low inventory. It is time for you to get in the market now! Call us to get started!

With all the talk about the Coronavirus Pandemic, I have some concerns. Information currently being disseminated from the federal government seems to be telling us that the majority of Americans affected will recover without any adverse effects. Things will be similar to typical seasonal illnesses. Also, our children do not seem to be affected. According to the experts, the highest risks posed by Covid 19 are among the elderly in our population as well as those with other underlying health issues. So, if there is a very high chance we will survive even if we get infected and understanding the proverbial "an ounce of prevention is with a pound of cure", why the necessity of government to shut down schools, cancelling sports, concerts, all types of events, even travel out of your own state for some people? Make no mistake I also understand the absolute need to slow the spread down and realize that it is a balancing act to achieve that desired result. Is it plausible or even very likely that the government knows something which they don't want to share with the public. The general public is already in a panic about this and by giving the "real dope" on the situation, could really end in mass hysteria. If what they are telling us is true, how about other potential endeavors like closing all Senior Citizen centers, prohibiting all visits for 2 weeks? How about they close the doors of all the old age homes to keep everyone safe? I would be happy to not visit my elderly parent in a nursing home if that meant life or death to them, wouldn't you? So why are they doing what they are doing? I would really like to know that answer, but that may never be acceptably explained. So stay safe everyone!
They tell you to wash your hands and wash your hands while singing "Happy Birthday", in addition to that, make sure you cup your hands as you are washing so that you are cleaning underneath your fingernails, make sure you rub in between your fingers to clean those areas. Just rubbing the outside of your hands for 30 minutes will not clean as well as 20 seconds of correct cleaning. With the hand sanitizer seemingly sprouting wings and flying off the shelf, know that it is easy to make a satisfactory sanitizer yourself. All you need is 2/3 cups of Rubbing Alcohol (91% or higher) and 1/3 cup of Aloe Vera gel. Remember to do the elbow bump and keep you distance as best you can. Also, drink as much as you can and keep hydrated as one of your first defenses are the moist folicles in your nose. Keep yourself, clean and healthy and we will have a happy Coronavirus-free Summer!
- As for me, I will just stay hydrated with lots of Corona!

Watch this video, did you see it?

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Spring Forward to Your New Home with Us!