Audrey's Adventures in Real Estate

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RE/MAX Realty Group Food Drive for the Maryland Food Bank

This is the season for family and friends.  Please don't forget about the folks who are less fortunate in our community.  This has been a difficult time for many.  We need to pull together as a community to make sure no one is forgotten.

In an effort to help, RE/MAX Realty Group in Gaithersburg, Maryland has started a food drive to support the Maryland Food bank. 

During the month of November you can drop your nonperishable food items off to the RE/MAX Realty Group office or at the designated Open Houses held by RE/MAX Realty Group Agents. 

If you have any questions please contact Me, Audrey June-Forshey or the RE/MAX Realty Group Office if you would like to drop off or have donations picked up.

RE/MAX Realty Group Drop Off

 

Happy Blessed Holidays to all.

Why is 2009 A GREAT Time To Be A SENIOR?

This information and research was done by my friend, Yvette Smith in the Williamsburg Virginia area.  I thought it was such good information I wanted to share it with my readers as well.  Thank you Yvette for such a great post on such an important topic!!

Via YVETTE SMITH REALTOR IN WILLIAMSBURG VA WILLIAMSBURG VIRGINIA HOMES FOR SALE:

 

WHY is 2009 a GREAT Time To Be A SENIOR?



2009 is a GREAT time to be a SENIOR because Social Security benefits will increase 5.8%!!  Courtesy of Uncle Sam, in January over 50 million Americans receiving Social Security benefits will benefit from this 5.8% raise, which is the largest since 1982.  So, way overdue!  Medicare also announced that for the first time in eight years, your Part B monthly premium (which covers doctors & outpatient services) will NOT GO UP next year.  


Every year since 1975, Social Security has given automatic cost-of-living adjustments to keep up with inflation. For 2009 the adjustment is a 5.8% increase.  This means that the "average" monthly Social Security check for an individual will go from $1,090 to $1,153 - an increase of about $63.


The average retired couple, both receiving benefits, will enjoy a monthly increase of about $100.  The maximum Social Security benefit any worker can get at full retirement age in 2009 will be $2,323 per month.


The average disabled worker's benefit will increase $58 per month to $1,064.  The federal monthly payment for an individual will go from $637 a month for an individual to $674, and from $956 to $1,011 for a couple.  The maximum amount of earning subject to the Social Security tax will increase from $102,000 to $106,800.


Retirees who work and receive benefits but are under full retirement age will see their 2009 earnings limit increased to $14,160 (it was $13,560 in 2008).  That limit jumps to $37,680 (up from $36,120 in 2008) the year a worker reaches full retirement age.


On the flip side, for those wealthier Seniors, the news isn't as good.  Their premiums will increase based on their income level.  For individuals with incomes of $85,000-$107,000, or married couples filing joint tax returns with incomes of $170,000-$214,000, their Part B premium will be increased to $134.90 per month in 2009.  Individuals earning $107,000-$160,000 (couples $214,000-$320,000) will pay $192.70.   Individuals with incomes of $160,000-$213,000 (couples $320,000-$426,000) will pay $250.50.  Individuals who make over $213,000 or couples over $426,000 will pay $308.30.


Other notable Medicare announcements youshould know include your Part B deductible, which will not change in  2009.  It will remain $135.  But, your Part A (hospital insurance) annual deductible will go up $44 in 2009 to $1,068 for hospital stays up to 60 days.  That increases to $267 per day for days 61-90  and to $534 a day for days 91-150.


For more information on the 2009 Social Security cost-of-living adjustments, visit www.socialsecurity.gov



Courtesy of Yvette Smith, Senior Real Estate Specialist® REALTOR®
WILLIAMSBURG REAL ESTATE
757-753-7472
5350 Discovery Park Blvd
Williamsburg  Virginia 23188
YvetteSmith@AtHomeInWilliamsburg.com


Happy Halloween To All

Wishing everyone a Happy Halloween.  The local weather in Gaithersburg  is supposed to be good for trick or treaters. 

 

I hope to see all the kids, big and small out celebrating.  I will be taking pictures at my home in Darnestown.  Most of the kids head up to the Kentlands to trick or treat. 

 

 I think some kids think it is too much work to come to Darnestown where all the houses are on 2 acre lots or more.  The Kentlands have smaller lots and they get a bigger bang for the buck.

 

If you have photos that you would like to share, please email them to me and I will post them on my blog to share with everyone.

Stay safe, have fun, see you tomorrow.  I will have my cameral waiting for you!!

 

You can email your photos to AudreyForshey@gmail.com

If You Are an Active Member of Active Rain It Will Increase Your Production . . .

Active Rain is a more important business tool than you may think.  Only being here since January of this year I had not the first clue.   For me, I had a website, email, cell phone and thought that was enough.  I thought blogging was done by political types and media types.  Boy, was I wrong.

Being a part of Active Rain not only helps your exposure as far as the public goes, the relationships are very important as well.  They are important for personal reasons, but also business reasons.

Here is how much interaction I have had in the last week or two because of Active Rain;

  • My old assistant, Maria, as some of you know moved to Florida.  I was very sad to see her go, but that is the way things go.  I actually had an agent from the Daytona area of Florida contact me to talk with Maria about potentially working for them.  Will keep you posted on outcome.
  • I have been in touch with Anne Marie Malfi to see what we can do together to see if we can work on some projects together. 
  • I had a settlement last week from a buyer that found me on AR.
  • I got an email from Sara Homan about possible referring a buyer to me.  It was not my area of Maryland, so I emailed her and told her that I believed Michael Klijanowicz worked that area.
  • A past client of mine has a friend moving to the Annapolis area.  I told him I had the perfect person for him so I emailed Margaret Woda.  I hope that turns into something for Margaret.
  • I got a new listing for $600,000 in my area.
  • My Friends, Kathy McGraw, Nannette Saunders and Liz Moras all checked in with me to make sure I was okay since I had not posted recently - Twitter, you know.  How great does that make you feel that people are really here for you. 

I don't know about you, but I think that is  a lot of activity because of my relationships here on Active Rain?  If you are new to Active Rain I would say this to you, be a part of the community.  Don't just put your name and email and phone number on a page and think you did something.  You can write whatever you like, within the ARCommunity Guidelines, it might not be perfect - no one is at first - you need practice to "find your voice".  You will be amazed at the positive affect it will have on your business and personal life.  You find support from other members who understand your rant or could be a shoulder to cry on. 

The other part about being a "part of the community" here at AR is that you develop relationships, find help, but also share your talents with us so that we all can thrive together in our industry.  Please don't be one of the folks that just post listing after listing and copy and paste information.  Part of getting referrals from the folks here at Active Rain is that we get to know you and know that we want to hand our dear precious clients over to you.  We want to know you.

Yes, blogging is work, but you can do it in the comfort of your home, listening to music, news enjoying the beverage of your choice.  Bantering with friends.  Learning about the newest fun tech gadget or how open house strategies have worked for some agents.  The value is endless.

Please, come and join us, but be a part of the community as well, you will only benefit yourself.  Besides, you will get to learn what a TLW is! How's that for some link love?

Germantown Listing $1595.00 Mont

Audrey June-Forshey | RE/MAX Reatly Group | 301-921-2672
13654 AMBASSADOR DR, Germantown, MD
Fun Contemporary Town home
2BR/2.5BA Condo
offered at $1,595
Year Built 1987
Sq Footage Unspecified
Bedrooms 2
Bathrooms 2 full, 2 partial
Floors 4
Parking 1
Lot Size 3,139 sqft
HOA/Maint $0 per month

DESCRIPTION

Fun four Level Town home in great location. Updated bathrooms, master suite with loft and sky lights. Dining room with two story overlook. Cozy fireplace in Family room. Den on lower level den could be used as guest room.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Hardwood floor Tile floor
Family room Office/Den Dining room
Breakfast nook Dishwasher Refrigerator
Stove/Oven Stainless steel appliances Basement
Washer Dryer Laundry area - inside
Balcony, Deck, or Patio Yard

COMMUNITY FEATURES

Swimming pool(s) Tennis court(s)


OTHER SPECIAL FEATURES

Master Suite with Loft, Skylights

ADDITIONAL PHOTOS

Seller contact info:
Audrey June-Forshey
RE/MAX Reatly Group
301-921-2672
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Oct 26, 2008, 7:09pm PDT

Glen Echo Park Partnership Holiday Art Show and Sale

I often have people ask me if I ever rode the Carousel at Glen Echo Park as a kid?  Unfortunately I did not grow up here and never had the privilidge of riding the carousel. The carousel is the  Dentzel Carousel built in 1921.  The Park was formed back in 1891 and was used for Arts, science and literature mostly.  In the early part of the 1900's it became an amusement park that most local Washingtonians grew up with until 1968.

The Federal Government took the land over as part of the park service, but in 2002 Montgomery County Maryland took the park back.  It has been set up as a non profit organization and still today it remains true to the Arts, science and literature as started in 1891.  The park sits perched above the Potomac River.

You can still ride the Dentzel Carousel.  It opens in the Spring and runs through the fall.  It is scheduled to open May 2, 2009.

Apart from the amusement park Glen Echo Park has so much to offer.  From Mid November through January 2009 the Annual Holiday Art Show and Sale will be held in the Popcorn Gallery.  The works featured will be from the artists in residence at Glen Echo Park.  Admission is free.

Pop Corn Gallery Glen Echo Park Bethesda

In addition to the amusment park and the art gallery, there is a children's museum and gallery, the Spanish Dance Hall which had a complete renovation.  You can reserve the dance hall for special occasions.  There are classes you can sign up for in pottery, glass making, you name it you can fill your art indulgence to your hearts content. Glen Echo Calendar of Events.

Many Washingtonians have kept Glen Echo Park memories in their hearts from their childhood years and now they can continue the tradition with their families through their adult years.

To read the rest of the post Click Here

 

 

IS IT WORTH THE PAPER IT'S WRITTEN ON?!

This is one of the toughest things to get across to the consumer.  A purchaser has spoken to a lender and the lender says that the purchaser is "approved" up to a certain price.  So the buyer will go shopping, letter in hand, only to find that they did not really qualify for the loan.  There are disclaimers on the letter.

A listing agent and seller will look at the letter and believe that this buyer, who has made a commitment to purchase their home is qualified.  Please take note of the information my friend Yvette Smith has complied in her blog post.

Thanks Yvette!

Via YVETTE SMITH REALTOR IN WILLIAMSBURG VA WILLIAMSBURG VIRGINIA HOMES FOR SALE:

 

NO, IT'S NOT WORTH THE PAPER IT'S WRITTEN ON!


Everyone is familiar with the expression that "it's not worth the paper it's written on!"  In the world of real estate, nowhere does that hit home more than with mortgage pre-qualification letters!

 In the competitive climate of our current sellers' market, having a strong pre-approval letter by a respected local lender can mean the difference between getting your purchase offer accepted or rejected.  Realtors appreciate the importance of a reliable evaluation of the purchaser's ability to fulfill the terms of the offer, and will recommend that sellers favor prospective buyers with credible letters.

 Particularly at risk are private sellers (for sale by owners) who lack the experience to evaluate prequalification letters.  A recent study conducted by Campbell Communications via a survey of 1,700 real estate industry sales and management personnel yielded alarming results, with 51% of the respondents citing unreliable pre-approval letters as a cause of major concern:


    •Internet lenders were the worst offenders, with 39% of their pre-approval letters considered invalid 

    •Mortgage brokers were second, with 27% of their pre-approval letters considered invalid

    •National lenders faired slightly better with 19% of their pre-approval letters considered invalid

    •Mortgage companies affiliated with real estate brokerages were the most reliable, with only 9% of their pre-approval letters considered invalid

In order to avoid sellers getting tied up in a contract with a purchaser who does not qualify for financing, experienced Realtors generally follow up by calling the lender who issued the pre-approval letter.  Some of the issues that merit confirmation are:

    •insure that a 3 depository credit report has actually been reviewed

    •confirm that there are no "hidden contingencies" (a house that must be sold or leased in order for the buyer to qualify)

    •debt and income ratios are within acceptable guidelines 

    •sufficient funds are on hand for the down payment and closing costs

    •no unusual conditions must be met, such as the settlement of a divorce or estate prior to closing

In order to reduce the number of last minute surprises, I recommend working with a reliable local lender who underwrites their own loans.  Although internet lenders may appear to be offering a better deal, if it looks too good to be true, chances are that it is.  Any advantage in a lower rate can quickly be offset by unexpected fees and charges at closing, or costly delays in settlement.

 

Courtesy of Yvette Smith, SRES® REALTOR®
WILLIAMSBURG REAL ESTATE

757-753-7472
5350 Discovery Park Blvd
Williamsburg Virginia 23188
YvetteSmith@lizmoore.com

Market Statistics Germantown Maryland, 20876 September 2008

The 20876 section of Germantown is smaller than 20874 so the volume numbers are typically smaller.  There were a total of 18 sales in Septmeber. The dollar volume is down from last year at this time about 10%.  The average sales price is down by 25%. 

The interesting part is that the percentage of contract price is almost the same.  It is 94% this year and was 95% last year. 

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20876 Germantown, MD
From: 09/01/2008 to 09/30/2008                Statistics generated on: 10/08/2008

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

1

1

1 -30 Days

6

$100,000 - 149,999

0

0

0

0

0

0

2

0

31-60 Days

4

$150,000 - 199,999

0

1

0

0

0

25

8

0

61 - 90 Days

2

$200,000 - 249,999

0

3

0

2

0

27

21

0

91-120 Days

2

$250,000 - 299,999

0

2

0

0

0

20

5

0

Over 120 Days

4

$300,000 - 349,999

0

3

0

1

0

19

6

0

Total

18

$350,000 - 399,999

0

1

1

0

0

17

1

0

 

$400,000 - 449,999

0

0

0

0

0

5

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

2

0

0

15

0

0

$500,000 - 599,999

0

0

2

0

0

17

0

0

Conventional

7

$600,000 - 699,999

0

0

0

0

0

12

0

0

FHA

10

$700,000 - 799,999

0

0

0

0

0

1

0

0

VA

0

$800,000 - 899,999

0

0

0

0

0

1

0

0

Assumption

0

$900,000 - 999,999

0

0

0

0

0

2

0

0

Cash

0

$1,000,000 - 2,499,999

0

0

0

0

0

2

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

0

10

5

3

0

163

44

1

Total

18

Grand Totals

18 208
    2008    2007    % Change
Total Sold Dollar Volume: $ 6,028,400 $ 6,712,000 - 10.18 %
Average Sold Price: $ 334,911 $ 447,467 - 25.15 %
Median Sold Price: $ 316,000 $ 425,000 - 25.65 %
Total Units Sold: 18 15 20.00 %
Average Days on Market: 79 94 - 15.96 %
Average List Price for Solds: $ 355,528 $ 469,210 - 24.23 %
Avg Sale Price as a
percentage of Avg List Price:
94.20 % 95.37 %
Total NEW listings: 41
Total Properties Marked Contract: 15
Total Properties Marked Contingent Contract: 19
Total NEW pendings (Contracts + Contingents): 34

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.


Market Statistics Germantown Maryland 20874, September 2008

These are the statistics from the sales information the agents provide to MRIS.  As you can see 76 homes sold during September.  The good news is those numbers are up over 53% in dollar volume from the  same time last year.  The average sold price is down from $329,000 to $306,000.

The average days on the market is higher for 2008, it went from 67 days on average to 97.

One of the most important numbers I think the consumer should pay attention to is what percentage of the asking price is to contract price.  In 2007 sellers got 95.57% of their asking price as their contract price.  Now in 2008, sellers are getting 91.91% in zip code 20874.

If you have any questions about this information, please do not hesitate to contact me at Audrey@audreyjune.com.

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20874 Germantown, MD
From: 09/01/2008 to 09/30/2008                Statistics generated on: 10/08/2008

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

22

$100,000 - 149,999

0

0

0

0

0

3

2

0

31-60 Days

11

$150,000 - 199,999

6

1

1

5

0

36

27

0

61 - 90 Days

10

$200,000 - 249,999

1

15

1

3

0

83

36

0

91-120 Days

10

$250,000 - 299,999

1

11

1

2

0

71

23

0

Over 120 Days

23

$300,000 - 349,999

1

9

0

0

0

44

7

0

Total

76

$350,000 - 399,999

0

2

4

1

0

38

2

0

 

$400,000 - 449,999

0

2

0

0

0

10

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

3

1

0

9

0

0

$500,000 - 599,999

0

0

2

0

0

22

0

0

Conventional

28

$600,000 - 699,999

0

0

2

0

0

8

0

0

FHA

40

$700,000 - 799,999

0

0

0

0

0

3

0

0

VA

1

$800,000 - 899,999

0

0

0

0

0

2

0

0

Assumption

5

$900,000 - 999,999

0

0

0

0

0

0

0

0

Cash

1

$1,000,000 - 2,499,999

0

0

1

0

0

19

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

1

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

9

40

15

12

0

349

97

0

Total

76

Grand Totals

76 446
    2008    2007    % Change
Total Sold Dollar Volume: $ 23,295,190 $ 15,177,400 53.49 %
Average Sold Price: $ 306,516 $ 329,943 - 7.10 %
Median Sold Price: $ 261,000 $ 309,000 - 15.53 %
Total Units Sold: 76 46 65.22 %
Average Days on Market: 97 67 44.78 %
Average List Price for Solds: $ 333,494 $ 345,254 - 3.41 %
Avg Sale Price as a
percentage of Avg List Price:
91.91 % 95.57 %
Total NEW listings: 96
Total Properties Marked Contract: 45
Total Properties Marked Contingent Contract: 25
Total NEW pendings (Contracts + Contingents): 70

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.


Home Sales Statistics For Zip Code 20878 September 2008

The following information is compiled from our sales provided to the MRIS system.  You can see that a total of 60 units sold for the month.  18 of the properties sold within the first 30 days of being on the market.

The good news is the dollar volume for the month of September is up 48% from September of 2007.  The average sales price is down from from $485,000 to $420,000.  The other number I think is important for consumers to pay attention to is the percentage of the price sold to the price asked for a home.   In 2007 sellers got almost 95% of the asking price as a contract price and in 2008 that is down to 92.55%

Please let me know if you have questions in regard to this information.  You may contact me at Audrey@audreyjune.com  or my office direct  301-921-2672 .

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20878 Gaithersburg, MD
From: 09/01/2008 to 09/30/2008                Statistics generated on: 10/08/2008

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

18

$100,000 - 149,999

0

0

0

4

0

0

7

0

31-60 Days

8

$150,000 - 199,999

0

1

0

2

0

1

20

0

61 - 90 Days

4

$200,000 - 249,999

0

2

0

0

0

10

14

0

91-120 Days

5

$250,000 - 299,999

1

6

3

2

0

25

9

0

Over 120 Days

25

$300,000 - 349,999

0

5

1

1

0

23

10

0

Total

60

$350,000 - 399,999

0

2

4

1

0

19

7

0

 

$400,000 - 449,999

0

1

2

1

0

10

4

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

2

1

0

0

27

0

0

$500,000 - 599,999

0

3

6

0

0

48

1

0

Conventional

44

$600,000 - 699,999

0

0

2

0

0

25

1

0

FHA

11

$700,000 - 799,999

0

1

3

0

0

20

0

0

VA

0

$800,000 - 899,999

0

0

1

0

0

10

0

0

Assumption

2

$900,000 - 999,999

0

0

0

0

0

14

0

0

Cash

3

$1,000,000 - 2,499,999

0

0

2

0

0

15

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

1

23

25

11

0

247

73

0

Total

60

Grand Totals

60 320
    2008    2007    % Change
Total Sold Dollar Volume: $ 25,254,632 $ 16,997,235 48.58 %
Average Sold Price: $ 420,911 $ 485,635 - 13.33 %
Median Sold Price: $ 350,000 $ 514,900 - 32.03 %
Total Units Sold: 60 35 71.43 %
Average Days on Market: 110 74 48.65 %
Average List Price for Solds: $ 454,793 $ 511,473 - 11.08 %
Avg Sale Price as a
percentage of Avg List Price:
92.55 % 94.95 %
Total NEW listings: 91
Total Properties Marked Contract: 26
Total Properties Marked Contingent Contract: 27
Total NEW pendings (Contracts + Contingents): 53

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.