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         Sure, there is a lot of information here. If you take the time to scroll through that list over there on the right, you will find advice, neighborhood information, personal rants and some videos.  All of it is provided to educate.  It is  your dime.  Now if you just want to start looking at homes, use the link above. It is our personal little Multiple Listing Service rip-off. It has more information than most search engines. Try it, you’ll like it. If  you just want to read…go ahead, pick a link on the right and click it.

Is now a good time to buy a home?

Is now a good time to buy a home? This is another one of those questions that seems to be cropping up everywhere lately. It may be the result of the self serving advertisements run by the NAR and lenders and real estate agents. You have seen them. “Interest rates are at historically low levels”, “Home prices have leveled off”, and the real doozy “Real estate is the best investment you can make”.

I am reminded of an old rock n’ roll song “Don’t believe all those lies, darlin’ just believe your eyes”.  Can we begin with one basic fact.  You are an individual. While some statements above may be true in your case, that are not true for everyone.  You need to make a decision based on your circumstances. Ignore the hype and deal with the facts.

Your decision should not be as hard as it seems.  First, you have to decide if after careful review of all facts, you can buy a home…do you really want to buy a home.  If the answer to that question is no, don’t bother going through the exercise.  You have to want to own a home.  Owning just because you can is not enough. If you want to own a home, there is a good chance you will appreciate the home and you will take care of the home (and when times get rough, you won’t just walk away from the home).

So, you have decided, Yes you do want to own a home.  Let’s try and answer for you, is now a good time to buy a home?  Look at your current living situation.  It does not matter how much you are paying in rent right now. You have to decide how much you are comfortable paying for housing every month.  You have to decide upon a figure that you will pay every month.  The amount should not leave you broke.  You will need to save money from the day you move into the home until the day you retire. Things come up. Appliances wear out, plumbing springs leaks, lawns need maintenance, etc.  Owning is more than eating, sleeping and watching television.

Once you determine how much you are comfortable paying each month, you can do some basic math to see if you should proceed.  Just for general principles, divide the monthly figure you came up with by 6. (eg. 1800 per month divieded by 6 equals 300).  The figure you have now is just about the amount you would pay in principal and interest for a  $300,000  loan.  This is not exact, it is a ball park figure.  It is just to give you a general idea of what you might be able to afford.

Your next step is to sign on the internet and pull up real estate for sale in the price range you have determined. (In the example, you might pull up homes ranging from $275,000 to $300,000.)  Look at what your money might buy and look at what your money might buy in the area you would like to live.  Now you have some information that is useful in determining if now is a good time to buy a home.

Now, if there is nothing you would want to own at this point in your search, you have answered the question. Now is not a good time to buy a home.  If what you are comfortable paying will only cover rent in an area, then you should rent until your situation changes.

You see, it is always a good time to buy a home.  It just may not be the best time for you to buy a home.  All the advertising and slick talking salesmen can not change facts.  It is a good time for you to buy a home when you can comfortably afford to buy a home in the area you wish to live.

If you would like to have me help you analyze your personal situation, CONTACT ME.  I would rather point you in the right direction and help you in the future than lead you down the wrong path and destroy a relationship forever.

Top 10 Reasons … Why buy in Rockville, Md.

Rockville, Maryland is located north of Bethesda, Maryland on both sides of Rockville Pike.  The area of Rockville actually extends as far east as Georgia Avenue and as far west as Darnestown Road. The northern edge of Rockville ends at the intersection of  Shady Grove Road and Rockville Pike.

People that live here, rarely move and those that visit often return to make it their home. It is no mystery why that occurs. There are hundreds of reasons. Let me share the top 10.

  • 10.   Local produce on sale during Spring, Summer and Fall at Farmers Markets  held in two locations in downtown Rockville from May through November. Every Saturday, May 14 through November 19, the Farmers Market transforms itself as different fruits and vegetables become available throughout the season. Your pick of  farm-fresh fruits and vegetables, bedding plants, cut flowers, preserves, honey herbs, baked goods, and more. All items offered are picked fresh daily and available as supplies last.
  • 9.    Red Gate Golf Course is open year round. Red Gate Golf Course is a championship 18-hole par-71 golf course that has been ranked as one of the 10 finest facilities in the Washington metropolitan area by Washington Golf Magazine.
  • 8.    Rockville Town Square is bustling. Enjoy all that downtown offers by visiting our unique locally-owned shops and restaurants, a pedestrian-friendly Town Square, residences, and the seat of county and city government, Rockville’s Town Center is a dynamic and thriving neighborhood to visit and call home.
  • 7.    The F. Scott Fitzgerald Theatre has it’s home here. Named for the celebrated author who often visited Rockville, this 446-seat facility for the performing arts is used by both community theatrical groups and professional touring companies. Besides stage performances, the theater and its Social Hall are available for conferences, seminars and other large meetings.
  • 6.    Discount weekend and free parking! There are no parking meters in Rockville. There are parking garages and parking lots as well as free lots.  Every retail location has plenty of parking. Most single family homes have driveways and/or garages.
  • 5.     Cherry blossoms and Azaleas. Local neighborhoods have hundreds upon hundreds of cherry trees.  Springtime in Rockville  is a wonderful, colorful  experience.  There is little need to drive to DC, you have the beauty all around you at home.
  • 4.    Neighborhoods. Town center is surrounded by neighborhoods. These neighborhoods usually have an association that promotes interaction between neighbors.  These are real neighborhoods where people get to know and care about one another.
  • 3.    FIOS. Most neighborhoods in Olney have access to fiber optic internet service.  Folks that work from home or those that need that gazillion baud rate will never be twiddling their thumbs here.
  • 2.    Montgomery College has it’s main campus here. Their mission states that “We are the community’s college.” A variety of activities, programs and facilities are available on each campus to county residents. Take a look at everything Montgomery College has to offer beyond a great education.
  • 1.    Community. Rockville offers community to those that live here. There are fine schools, public and private.  There are year round events where neighbors come together.  There are houses of worship open to all.  There is a sense of caring and community spirit that is very unique.

If you would like to hear more about Rockville, give us a call and we will be glad to share all the information we have on this great community.  If you would like to see what homes are available in Rockville,  just click on the link below.

LINK TO Rockville

Tudela-MacArthur

ReMax Realty Centre

301-509-5111

4411 Chestnut Lane Rockville MD-SFH under $300,000

4411 Chestnut Lane (photo from MLS)

$274,900

This 3 bedroom, 3 bath rambler has almost 2,100 square feet of living area.  It is located on one acre of land in Sycamore Acres.  Sycamore Acres is a quiet neighborhood just off Muncaster Road.  This home is priced well below the market for homes in this area.  It does need some elbow grease.  Something that caught my eye, six years ago the home sold for $580,000 and last year was foreclosed on for $402,000.  Even if you consider the free fall that occurred in prices, a home on one acre of land in this location is probably well worth viewing.

Sometimes a needle in a haystack is right before your eyes.  If you would like to see this home, give me a call at 301-509-5111.  I am not the listing agent. I will have the full capability of representing anyone that I show the home.