Howard County Homes stats

The spring market is beginning to rapidly heat up! The flowers are beginning to bloom, and the bud on the trees are bulging and ready to bust out! I thought I'd share some research I did today about homes for sale in Howard County. Below are the results of my research on the local multiple list service known as MRIS.

Bank Owned Property
34 homes for sale by a lender that repossessed a home (Single family and town home combine.)
66 of repossessed homes are under contract to purchase.

Short Sale/Third Party Approval
138 homes for sale, once the seller finds a buyer the seller's lender must approve the sale.
180 homes are under contract waiting for the seller's lender to approve the sale.

Regular or Normal Property
493 active single family homes for sale. (**46 homes list for $1 million or more.)
110 active town homes for sale.
154 single family homes are under contract.
91 town homes are under contract.

As I write this, there are 38 days left for first time home buyers to select a home and submit a contract to the seller which will qualify them for the government stimulus tax credit. Market conditions continue to improve in Howard County, homes that are prepared properly and more importantly priced properly get the attention of astute buyers. Mortgage rates are currently low, and the conventional wisdom says rates increase as money is infused into the economy. This is the recipe that makes it a great time to be in the real estate market.

If you'd like to sit down and discuss your families housing goals, feel free to contact me for an appointment.

Columbia Short Sale

Looking for a well kept single family home in Columbia, MD? Well then you'll need to take a look at this home! A three bedroom, two full bath home, a sun deck overlooking wild space. The location of this home offers good commuter routes to Baltimore, Washington, DC, or the Fort Meade base.

The seller's of this home have found it necessary to relocate out of state, and find themselves in a position that they need to short sell the home. As a short sale there is one lender needed for approval of the sale. That lender, Wells Fargo has a loss mitigation department that is averaging 35 days for contract approvals. As a Certified Distressed Property Expert (CDPE) trained agent, I have the tools and knowledge that will help expedite the sale process. For more information about short sales, visit my web site.