Buying a house in any Maryland County, you should understand Latent defects.   Latent defects are hidden problems in workmanship or material that can cause failure or malfunction of the structure or systems.   The real estate 101 book definition says “A latent defect is defined as material defects in real property or improvement to real property that cannot be seen by careful visual inspection or would pose a threat to the health or safety of the buyer, occupants, tenant or guest of the buyer.”  For example: in an older home, a hole in the original ceiling, caused by a small hole in the roof, covered by a drop ceiling.  Water in the basement during a heavy rain.   It is  important to have a home inspection and check the disclosure statements of the seller before buying a house. Discuss ... 12/23/2014

Last week (12/01  - 12/07/14) in Mt. Airy Md.  21771 Last week (ending 12/08/2014) 3 detached homes in Mt Airy Md. were added to the market for sale,  4 went under contract, and 7 successfully completed the sales process. This brings the count to 134 on the market for sale, 49 under contract and 20 successfully completing the sales process in the last 30 days.  Those still on the market for sale range from $169.000 to $3,600,000.  The last known list price of those currently under some form of contract ranges from $89,000 to $699,000.  Those completing the sales process in the last 30 days have sold between $135,000 and $650,000, with the median being $355,000.  The days on market with the current realtor for this set of homes ranged from a week (6 days) to 9 months (276 days), with th... 12/07/2014

Last week (11/24   - 11/30/14) in Mt. Airy Md.  21771 Last week (ending 11/30/2014)  2 detached homes in Mt Airy Md. where added to the market for sale,  2 went under contract, and 3 completed the sales process. This brings the count to 134 on the market for sale, 49 under contract and 20 completing the sales process in the last 30 days.  Those still on the market for sale range from $169.000 to $3,600,000.  The last known list price of those currently under some form of contract ranges from $89,000 to $699,000.  Those completing the sales process in the last 30 days have sold between $135,000 and $625,000.   This report covers only detached home in Mount Airy, if townhouse are of interest please contact me.   If you have any questions about this report or wanting to discuss the possib... 12/01/2014

Today’s View – November 22, 2014 – Mt. Airy, Md. 21771 – Detached Homes This is a market report for detached homes in Mt. Airy, Md. 21771.  At the time of this report (11/22/14) 107 such homes on the market FOR SALE, another 49 under contract, and 27 that have sold in the last 30 days.   This report does not include new construction. The Absorption Rate (Active/30 day sold) is 4, which is considered a normal market.   Two Bedrooms Home There are currently 3 two-bedroom detached homes on the market for sale in Mount Airy. These homes range in price from a low of $169,900 to $261,000, with the median price being $222,500.  The days on market for these homes ranges from approaching 2 weeks (10 day) to 10 months (303 days) with the median being 4.5 months (137 days). There are 2 two-bedroom... 11/22/2014

Today’s View – November 19, 2014 – Mount Airy, Md. 21771 – Townhouses This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (11/19/2014) there are 7 such homes on the market FOR SALE, another 10 under contract, and 2 that have sold in the last 30 days. Thus the absorption rate (7/2) shows a 3.5 month inventory, a normal market.   Two Bedrooms There are no two-bedroom townhouses in this area on the market for sale at the time of this report. There is 1 two-bedroom townhouses in the area that are under some form of contract.  The last known list price of this home is $215,000 and was on the market for 3 months (84 days). In the last 30 days, no two-bedroom townhouse in the area has successfully completed the sales process.   Three Bedrooms There are ... 11/19/2014

According to NAR, 73% of sellers say they would list with a real estate agent that would use video to market their property. Since video shows up on page one of Google and over 100 Million people watch online video each day, there are many real estate agents that have seen the results and use video to show off the home for buyers searching online. Unfortunately, many more real estate agents are not using this tool. YouTube is the 2nd largest search engine in the world. YouTube is the THIRD most visited website in the world! The average website visit without video is 50 seconds and the average website visit with video is over 5 minutes. Consumers prefer video and real estate listings can be irrelevant if we are not talking in the language they prefer. We are invisible if the consumer can... 11/10/2014

Today’s View – October 21, 2014 – Mount Airy, Md. 21771 – Townhouses This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (10/21/2014) there are 15 such homes on the market FOR SALE, another 11 under contract, and 1 that have sold in the last 30 days. Thus the absorption rate (15/1) shows a 15 month inventory, a buyers market.   Two Bedrooms There are 4 two-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $214,900 to $224,900 with the median being $219,950  The days on market for these homes ranges from nearly 2 weeks (12 day ) to approaching 3 months (88 days), with the median approaching 2 months (53 days). There are 2 two-bedroom townhouses in the area that are under some form of contract.  The la... 10/21/2014

Today’s View – October 21, 2014 – Mt. Airy, Md. 21771 – Detached Homes This is a market report for detached homes in Mt. Airy, Md. 21771.  At the time of this report (10/21/14) 149 such homes on the market FOR SALE, another 57 under contract, and 18 that have sold in the last 30 days.   The Absorption Rate (Active/30 day sold) is 8.27, which is considered a buyers market.   Two Bedrooms Home There are currently 3 two-bedroom detached homes on the market for sale in Mount Airy. These homes range in price from a low of $169,900 to $271,000, with the median price being $222,500.  The days on market for these homes ranges from approaching 3.5 months (105 day) to 9 months (271 days) with the median being 7 months (211 days). There are 4 two-bedroom detached homes under some form of contract ... 10/21/2014

Today’s View – September 17, 2014 – Mt. Airy, Md. 21771 – Detached Homes This is a market report for detached homes in Mt. Airy, Md. 21771.  At the time of this report (09/17/14) 161 such homes on the market FOR SALE, another 53 under contract, and 26 that have sold in the last 30 days.   The Absorption Rate (Active/30 day sold) is 6.19, which is considered a normal market.   Two Bedrooms Home There are currently 4 two-bedroom detached homes on the market for sale in Mount Airy. These homes range in price from a low of $169,900 to $281,000, with the median price being $251,200.  The days on market for these homes ranges from approaching 2.5 months (71 day) to approaching 8 months (237 days) with the median being 6 months (183 days). There are 4 two-bedroom detached homes under some form... 09/17/2014

Today’s View – August 20, 2014 – Mount Airy, Md. 21771. – Townhouses This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (8/20/2014) there are 15 such homes on the market FOR SALE, another 5 under contract, and 2 that have sold in the last 30 days.   This is an absorption rate (active/sold) of 7.5 months, considered a normal market.   Two Bedrooms There are 4 two-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $200,000 to $224,000, with the median being $217,450.  The days on market for these homes ranges from approaching 3 weeks (19 day) to over 3 months (98 days) with the median being over a month (34 days). There are 2 two-bedroom townhouses in the area that are under some form of contract.  . T... 08/19/2014

Today’s View – August 17, 2014 – Mount Airy, Md. Rentals This is a market report covering rentals in Mount Airy, Md. At the time of this report (8/17/2014) there are a total of only 5 on the market FOR RENT, 1 with applications waiting on landlord decision, and another 9 that have rented in the last 30 days.   Two Bedrooms Currently there is 1 two-bedroom home on the market for rent.  This home is currently listed for $2,000 a month and has been on the market for just over 1 month ( 38 days ).  There are no two-bedroom rentals waiting on the landlord for a decision. In the last 30 days, a lease has been completed to rent 1 two-bedroom home.  The home rented for $1,500 a month after being on the market for nearly 2 months (56 days).   Three bedrooms Currently there are 2 three-bedroom ho... 08/17/2014

CNN Money Aug 13, 2014 had posted a story 5 myths about buying a home Here is Myth #2 'Myth #2: Buying is always better than renting Now that the housing recovery has taken hold, some markets have become way too expensive for homebuyers. One quick way to figure out whether to buy or not: If the home costs more than 15 times the annual cost of renting a similar home, you're better off renting. In Manhattan, for example, the average cost of buying a house is about 24 times the average cost of renting one.' Well based on that formula in Mount Airy, Maryland; now is the time to buy 3 Bedoom 2 Bath townhouses.   A check of for this configuration in townhoues shows 2 on the market for rent.  They are listed at $1725 and $1775 per month for rent.  Apply the above formula using $1750 rent, yiel... 08/13/2014

Yes, based on information on www.DaysoftheYear.com tomorrow is National Creamsicle day.  Join me is stopping to ennjoy one of these cool treats.  With that in mind can National Softserve IceCrean day be far behind?  My vote is to hold the Maryland celebration at Jimmy Cone in Mount Airy. 08/13/2014

Today’s View – August 11, 2014 – Mt. Airy, Md.21771 – Detached Homes This is a market report for detached homes in Mt. Airy, Md.21771.  At the time of this report (08/11/14) 153 such homes on the market FOR SALE, another 68 under contract, and 23 that have sold in the last 30 days.   The Absorption Rate (Active/30 day sold) is 6.6, which is considered a normal market.   Two Bedrooms Home There are currently 4 two-bedroom detached homes on the market for sale in MountAiry. These homes range in price from a low of $169,900 to $281,000, with the median price being $251,200.  The days on market for these homes ranges from a month (34 day) to approaching 7 months (200 days) with the median being 5 months (146 days). There are 3 two-bedroom detached homes under some form of contract in MountA... 08/11/2014

Today’s View – August 5, 2014 – Mount Airy, Md.21771. – Townhouses This is a market report for Townhouses in Mount Airy, Md.21771.  At the time of this report (0805/2014) there are 15 townhouses on the market FOR SALE, another 6 under contract, and 3 that have sold in the last 30 days.  This gives an absorption rate (active / sold) of 5, a normal market.   Two Bedrooms There are 4 two bedroom townhouses in Mount Airy on the market for sale at the time of this report.  These homes are currently on the market for $205,000 to $224,900, with the median being $217,450.   These homes have been on the market for between a week (4 days) to approaching 3 months (83 days). There are 2 two bedroom townhouses currently under contract.  The last known list price of these homes ranges from $135,000 t... 08/05/2014

Today’s View – July 16, 2014 – Mount Airy, Md. 21771. – Townhouses This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (7/16/2014) there are 13 townhouses on the market FOR SALE, another 7 under contract, and 5 that have sold in the last 30 days.  This gives an absorption rate (active / sold) of 2.6, a seller’s market.   Two Bedrooms There are 3 two bedroom townhouses in Mount Airy on the market for sale at the time of this report.  These homes are currently on the market for $197,997 to $219,000, with the median being $214,900.  These homes have been on the market for between a week (6 days)  to over 2 month (63 days). There are 2 two bedroom townhouses currently under contract.  The last known list price of these homes ranges from $135,000 to $... 07/16/2014

Detached homes – June 2014, Mount Airy   During the month of May 2014,  58 detached homes in Mount Airy, Md. were added to the market.  Of these homes 13 are currently under contract, 2 have been withdrawn from the market, none has completed the sale process, the remaining 43 are part of the 147 homes on the market.   During May, 22 detached homes in Mount Airy, Md. successfully completed the sales process.  This is a decrease of 40 percent from the count that sold in June of 2013.  The total value of these homes sold was $10,261,575, a 39 percent decrease from last June sales.  The median closing price of these homes was $466,435 a .4 percent increase from last may.   The median time on market for these homes was 68 days, which is just about the same as the 70 days for those that sold ... 07/07/2014

Today’s View – June 20, 2014 – Mount Airy, Md. 21771. – Townhouses   This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (6/20/2014) there are 11 townhouses on the market FOR SALE, another 8 under contract, and 4 that have sold in the last 30 days.  This gives an absorption rate (active / sold) of 2.75, a seller’s market.   Two Bedrooms There are 2 two bedroom townhouses in Mount Airy on the market for sale at the time of this report.  These homes are currently on the market for $214,900 and $215,000.  These homes have been on the market for between a single day to over 1 month (37 days). There is 1 two bedroom townhouses currently under contract at this time.  The last known list price of this home is $135,000, the days on market two weeks (14 d... 06/20/2014

Detached homes – May 2014, Mount Airy   During the month of May 2014,  65detached homes in Mount Airy, Md. were added to the market.  Of these homes 18 are currently under contract, 4 have been withdrawn from the market, 1 has completed the sale process, the remaining 42 are part of the 139 homes on the market.   During May, 36 detached homes in Mount Airy, Md. successfully completed the sales process.  This is a increase of 44 percent from the count that sold in May of 2013.  The total value of these homes sold was $14,558,450, a 30 percent increase from last May sales.  The median closing price of these homes was $400,241 a 10 percent decrease from last may.  Fifteen of the homes sold for list price and the median closing price for the others was 97% of the last known list.   The medi... 06/19/2014

Today’s View – May 31, 2014 – Mount Airy, Md.21771. – Townhouses This is a market report for Townhouses in Mount Airy, Md. 21771.  At the time of this report (5/31/2013) there are 8 townhouses on the market FOR SALE, another 9 under contract, but none that have sold in the last 30 days.     Two Bedrooms There is 1 two bedroom townhouses in Mount Airy on the market for sale at the time of this report.  This home is listed for $219,000 and has been on the market for over two weeks (17 days).   There are 2 two bedroom townhouses currently under contract at this time.  The last known list price of these homes are $135,000 and $209,000, the days on market have been nearly two weeks (14 days) and the other for over two months (67 days).   Three Bedrooms There are 7 three bedroom townhouses in... 05/31/2014