Showing posts with label harford county real estate. Show all posts
Showing posts with label harford county real estate. Show all posts

Monday, November 10, 2014

Harford County Real Estate Market Update November 2014

Harford County Real Estate Market Update November 2014

Harford County Real Estate Report November 2014Compass Home Group
Call/Text 443-360-0086

Welcome to the Harford County Real Estate Market Update for November 2014. This months numbers were just released by MRIS, our local MLS, and RBI Stats so here we present them to you. Stay on top of what is happening throughout the Maryland Real Estate market by following our blog here. Let's jump right into the numbers here for the Harford County Real Estate Market. We are focusing on the month of October 2014 and for that month the average sold price of a Harford County home came in right at $245,276 with a median price of $225,000. This reflects a small decrease of 2.92% from the same month last year, but up 5.48% from the beginning of the year. Great news for home sellers considering entering the Winter market. Even better news is that 251 homes sold in the month of October throughout Harford County, up 15.14% from the same time last year!! This means the market is staying strong as we enter what people consider a "slow market", however December has always been a strong month as people want to settle in before the years end.

Keeping with the upward trend of Harford County Real Estate, 168 homes went under contract in October, up 14.3% from the same time last year, and up 26% from last month!!! Huge numbers as buyers jumped into the market once the busy back to school time settled backed down. The Harford County Real Estate market currently is sitting on 1,523 active listings ready for you to call home, up 19.7% from the same time last year, but dropping over 4.6% from last month!! This is good news for buyers, and sellers, as the market is settled in right at 6 months of inventory. 6 months of inventory is what the National Association of Realtors defines as a healthy and balanced real estate market! During October 410 new listings were added to the Harford County Real Estate market, down 2.84% from last year, and down 15% from last month as sellers typically slow their activity during the Holiday season! Not the best idea in our opinion, but that's an entirely different blog post in itself.

Finally, the average days on market is right at 96 days or about 3 months. This number doesn't fluctuate too much from the month and is pretty steady in the past 12 months. For a free market valuation of what your home is worth in today's market complete our short seller survey. No obligation, and with your FREE market analysis we will include a freshly printed 2015 guide to sell your Harford County Home!
Harford County Current Year Previous Month Previous Year
Average Sold Price $245,276 $261,567 $252,641
# of Homes Sold 251 252 218
New Under Contract 168 133 147
Active Listings 1523 1597 1272
New Listings 410 484 422
Average Days On Market 96 92 80

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin 
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com
 
Harford County Real Estate Market Update November 2014
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Monday, August 25, 2014

Writing a Home-Offer Letter – Is It a Good Idea?

Writing a Home-Offer Letter – Is It a Good Idea? 
Compass Home Group of Keller Williams American Premier Realty 
Your #1 Harford County Real Estate Agent

The most important letter you'll submit to a home seller is the one you'll get from your lender stating that you are preapproved for a mortgage. Savvy listing agents will counsel their clients to refuse offers from unapproved buyers, so all the flowery prose of a home-offer letter will mean nothing without loan preapproval. Research our preferred lenders today and get preapproved quickly.

Assuming you have your lender's letter, whether or not you also submit a home-offer letter depends a great deal on the type of market in which you're buying and the competition.  

Your #1 Harford County Real Estate AgentThe Market When the real estate market has lots of buyers looking for homes and few houses for sale, it's a seller's market. With the seller in the driver's seat, purchase offers tend to get cleaner, with fewer demands from buyers. Offering prices typically come in at or even over the asking price. When supply is low and demand is high, it's challenging for buyers. Several regions of the country are currently in seller's markets. In some of the more in-demand areas of California, for instance, there are so few homes for sale and so many buyers in the market that almost 6 in 10 homes are selling in multiple offer situations, according to the California Association of Realtors®. In the second quarter of last year, home sellers received an average of 4.2 offers. In San Antonio, Texas, homes are selling quickly and for over list price, according to Marilyn Moritz of KSAT-TV. The head of the state's Realtors® association cautions homebuyers in these types of markets that they shouldn't be picky and that time is of the essence when making an offer.  

The Competition If you're unfortunate enough to have fallen in love with the same home that three other people are smitten with, be prepared to do battle. The chances are good that they, too, are preapproved for a mortgage, which puts you on equal footing. If any of them is waving cash, however, all bets are off, as the table is tilted in the cash-buyer's favor. There are several reasons for this, the most significant of which is that the seller doesn't have to worry about a loan falling through if the house becomes overpriced in a bidding war. There is no appraisal with a cash offer. There is no lag time, waiting for final loan approval. Cash buyers are streamlined buyers, and they usually prevail in a bidding war. Home-offer letters, however, have been known to sway some homeowners in this situation – especially those with an emotional attachment to the home.  

The "Pick Me" Letter The home-offer letter was created years ago to help sellers stand out from the competition. The problem now is that so many buyers use them, they may be losing their effectiveness. Since there is no harm in trying, however, let's take a look at some tips for the ideal home-offer letter:  

Don't be robotic. This isn't a form letter, it's a letter that you hope will tip the scales in your favor, so put as much personality into it as possible. Start by using the seller's name in the salutation. "Dear John and Mary" is far better than "Dear Seller."  

Make it emotional. Tell the seller how the home resonates with you. Even if it's just the color of the walls, tell the seller how much you appreciate her taste and how close it matches yours. Be sincere in telling the seller why you fell in love with the home and why you want to live in it.

 Explain why they should pick you. Point out your strong points as a buyer, such as few contingencies, your willingness to increase the offered price, or your strong credit score that will help your loan approval zip right through.  

Keep it brief. Try not to go over three to four paragraphs.  

Keep it upbeat and positive. Sellers don't care if theirs is the ninth house you've made an offer on. They don't care that you need a one-story because of health issues. Accentuate the positive and leave the complaints out of it. Don't forget to include photographs to help cement the fact that you are far more than a signature on a purchase agreement. There's an old saying that is frequently tossed around in business circles: "People do business with people they know, like and trust." Helping the seller get to know you, like you and trust you is a tall order for a short letter, but it should be your goal nonetheless.

Original Article here - http://www.buy-sellmdhomes.com/miarticles/articleid/166/  

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com
#1 Harford County Real Estate Agent
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Wednesday, August 13, 2014

Bel Air Real Estate Agent Market Report August 2014

Bel Air Real Estate Agent Market Report August 2014 
Compass Home Group of Keller Williams American Premier Realty 
Call or Text 443-360-0086

Bel Air Real Estate Agent Market Report August 2014Welcome to the Bel Air Real Estate Agent Market Report for August 2014, presented by your #1 Harford County Real Estate agent team. We are proud to deliver the most current market stats for the Bel Air area, both 21014 and 21015 zip codes, for the month of July. Let's jump right into the numbers now, starting with the average sales price of a home in Bel Air coming in at $272, 111. This number was within $400 for either zip code, a decrease of 6.02% from the same time last year, but not to worry, with as few homes that sell within Bel Air itself and the wide price range, a few outliers can sway this number pretty heavily. 76 total units sold in the Bel Air Real Estate market last month, down over 21% from the same time last year, and 11% from last month. New Contracts written also fell coming in at 42, down 8.7% from the same time last year. A number that did make a considerable jump was the active listings in Bel Air, coming at 388, up 26.8% from last year! That is a pretty considerable jump in the amount of inventory currently on the market for home buyers. In reality, however with 76 homes selling, it actually only calculates out to an inventory of 5.1 months (total inventory divided by sold units) giving us a shortage of listings for the ready, able and willing buyers on the market today! This can be easily proven when you see homes priced well for their condition receiving multiple offers in a matter of 2-3 days after hitting the market! For a FREE market valuation of your home in Bel Air, visit us here.

Lets continue into the Bel Air Real Estate Agent Market Report and find that 132 new listings hit the market last month, up 16.81% from the same time last year, but down 16% from last month. With 76 home sales, and 132 new homes hitting the market when we take away the homes that are withdrawn from the market, we are very slowly pushing back towards a balanced market. Last, but not least, we can see that the average day for a Bel Air Home to sell right now is 78, down 13% from last month and down from earlier in the year when we were seeing average days around 100 or so. Again, this is showing us that the homes that are priced well on the market ARE SELLING! Complete our short seller survey and receive a FREE 2014 Home Selling Guide and market valuation of your home.  

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com
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Tuesday, August 12, 2014

Harford County Real Estate Agent Market Report August 2014

Harford County Real Estate Agent Market Report August 2014 
Compass Home Group of Keller Williams American Premier Realty 
Call or Text 443-360-0086

Harford County Real Estate Agent Market Report August 2014It's that time of month again, the numbers are out, and the Compass Home Group is bringing you the Harford County Real Estate Agent Market Report August 2014 showcasing what is happening in the Harford County Real Estate market. 7 months have flown by this year, and we are sitting in the middle of the 3rd Quarter with school starting back up soon and the Holiday season will be here before you know it! Let's not waste anytime and dive right into the Harford County Real Estate Agent Market Report August 2014. As usual, we track everything from month over month change, year over year change to year to date changes making sure that our team is well equipped as we monitor trending activities.
Harford County Current Year Previous Month Previous Year
Average Sold Price $262,229 $274,379 $257,934
# of Homes Sold 298 267 319
New Under Contract 157 172 184
Active Listings 1531 1515 1239
New Listings 465 513 442
Average Days On Market 80 85 84

On average in July, a Harford County home sold for $262,229, which was 1.67% increase from the same time last year, and up 12.66% from the January stats. Remember, these are averages, so a few high dollar, or low dollar homes, can make a pretty significant impact. Of the 298 homes that sold last month, the largest demand is coming from anything with a minimum of 4 Bedrooms, making up over 1/3 of total home sales! While we continue to see this number grow, 3 Bedrooms homes still made up for over 40% of the market and to continue to dominate what home buyers are searching for. 157 new homes went under contract in July, down 8.72% from the June as people are deep into vacation season. By the end of July, 1,531 homes were actively listed on the market in Harford County, up 23.57% from July 2013!! Inventory is continuing to rebound as we move back from a sellers market with low inventory towards a more balanced market, of approximately 6 months housing inventory.

465 new listings hit the market last month, up 5.20% from the same time last year, but down 9.36% from June. This is showing us that we have moved out of the spring market into the Summer season as listings taken begin to show signs of slowing. However, with 465 new listings coming to market, and only 298 selling, inventory will continue to slowly creep up, taking the withdrawn homes into consideration. Finally, let's peak at days on market and you will see that the average home is only taking 80 days to sell in Harford County. Remember, this is assuming the home shows well, and is priced appropriately for the area. Just a few months back we were seeing average days on market in Harford County at over 100 days, so homes are flying off the market faster and faster right now. We are seeing multiple offers on homes with some selling as fast as the sign can go in the yard.

If you're interest in buying or selling in, or around, Harford County make sure to the put your #1 Harford County Real Estate Agent team to work today by calling us directly at 443-360-0086. For a FREE market valuation of your home complete our seller survey and we will send you a 2014 Guide to Selling Your Maryland Home!

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com
Harford County Real Estate Agent Market Report August 2014
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Friday, August 8, 2014

Your #1 Harford County Real Estate Agent Team Brings Dreams Home

Your #1 Harford County Real Estate Agent Team Brings Dreams Home 
Megan and Jesse and Their Story 
Compass Home Group of Keller Williams American Premier Realty 
Call or Text 443-360-0086

StoryJesse & Megan called Compass Home Group, your #1 Harford County Real Estate Agent Team, on a home that was currently listed. They were so excited to see this home, Michele made an appointment to get them on the inside quickly! At the time we met, Jesse & Megan were able to talk with Michele about the feature they loved about this home the most was its private setting. The home, at that time, had an offer on it but nothing had been accepted. Jesse & Megan were going to think it over and get back Michele the next day. Low and behold, when they called, the seller of what they thought was their dream home had decided to move forward with the offer that was on the table.

Jesse & Megan were upset but not crippled by this news. They wanted to see what else was out there so an appointment to understand their budget, a buyer consult, and a review of the market was set up! It was in the land of Eden Mill that they did find their new home after almost believing that it just wasn’t going to happen. A buyer fell out of the sky for their home in Pennsylvania creating a sense of urgency for them to get back to Maryland. While the response from the seller took a super long time, big smiles were felt through the phone when Michele call Jesse & Megan to tell them their contract had been returned and we were moving toward settlement.

The home passed inspections with flying colors and everything came together so seamlessly. When the walk-through was set, Michele showed up to a refrigerator on the porch and a U-Haul in the driveway. Jesse & Megan were certainly excited about moving in!! Compass Home Group was certainly thrilled to bring their dreams home!!!

 Jesse and Megan's Perspective
We met Michele at a home she selling. We called the number listed online. We did miss our opportunity to buy that home but she was so wonderful, we decided to use her to find another home…a better home! We would absolutely recommend Compass Home Group to anyone in need of real estate services. Michele coordinated every meeting and inspection from start to finish. It was a wonderful and easy process made possible by her! Whether you are buying or selling in a home, around the country, make sure to reach out to the Compass Home Group your #1 Harford County Real Estate Agent team first!! Let us help bring your dreams home!!  

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com
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Thursday, July 10, 2014

Harford County Real Estate Agent Market Update July 2014

Harford County Real Estate Agent Market Update July 2014 
Compass Home Group of Keller Williams American Premier Realty 
Call or Text 443-360-0086 

Harford County Real Estate Agent Market Report July 2014Welcome to the Harford County Real Estate Agent Market Updated for July 2014. Compass Home Group, your premier Harford County Real Estate Agent team, is dedicated to keeping you informed of market updates, statistics and trending as we continue to inch our way out of the depressed real estate markets of the last 5 years!! Lets not waste anytime and jump right into what is happening in our local market today! The numbers for June were just released, and as usual we will look at these numbers, compared to last year, last month, and the beginning of 2014. Search All Harford County Homes for Sale! 

In June, 267 Harford County properties exchanged hands via the MLS system called MRIS. This number represents a 3.9% increase in homes sales from the same time last year, and up 3.89% from last month. This is very common to tick up throughout the Summer months as parents want to make their move outside of the school year for an easy transition for their children. The average sold price of a Harford County home was $274,379 in the month of June, falling 1.19% from the same time last year, but up 2% from last month. The MOST sold home in Harford County was a single family detached home with 4+ bedrooms, average a sales price of $372,260!! These homes made up 41% of the Harford County Real Estate Market.

Average Sold Price		 $274,379
# of Homes Sold 267
New Under Contract 172
Active Listings 1515
New Listings 513
Average Days On Market 85
172 homes went under contract in the month of June, up 1.18% from June 2013. Realtors were busy in June, with 513 new homes hitting the market! This stat shows a 17.9% increase from the same time last year, bringing our current housing inventory to 1,515 active Harford County Listings. This statistic represents our largest jump from 2013, increasing over 20%! The Harford County Real Estate Market is basically playing catch up right now. Sellers were on the fence about selling, inventory was down, and now as they see prices begin to tick up, they are are putting their homes on the market. This is creating a Balanced inventory as we currently have approximately 5.6 months of inventory in Harford County. National Association of Realtors defines 6 months of inventory in a market to be balanced, anything above and we are in a buyers market, anything below and we find ourselves in a sellers market. The average days a home is taking to sell in Harford County right now sits at 85, down 1.16% from the same time last year. With homes priced well, regardless of condition, we are often seeing homes selling within 5-7 days bringing in multiple offers. Remember, you pay a Realtor to market, position, and negotiate your home sale. Make sure you hire a Realtor with the marketing know how to bring the most qualified buyers through your home! 

For a FREE market valuation of your home, but a licensed Harford County Real Estate agent, contact us today by calling 443-360-0086 or complete our short seller survey!! We will also include our 2014 guide to selling your Harford County Home!!  

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com 
 

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