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Potomac, MD

Potomac's Palatine Neighborhood Report

02-09-10
Rick Boothe
Rick Boothe: Real Estate Agent in Darnestown, MD

**This AMAZING example is NOT for Sale but it's virtual twin is ... one of my ALL TIME FAVORITES!!***

Number of Homes for Sale: 7

Highest Priced Listing: 11804 Centurian Way , Listed for $4,500,000

Lowest Priced Listing: 12505 Noble Court , Listed for $1,468,000

Number of Closed Sales in 2009: 4 , Final Sales Price = 95% of List price

Highest Priced Sale in 2009: 11809 Centurian Way , Sold for $3,550,000

Lowest Priced Sale in 2009: 11713 Centurian Way , Sold for $1,500,000 ... Bank Owned Sale

I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprecedented buyer's market ... I would be glad to help.

rick.boothe@longandfoster.com 301-793-6796

*This information is deemed reliable but not guaranteed.

Don't Let Home Defects Catch You by Surprise

Courtney Donato-Griffiths: Real Estate Agent in Potomac, MD

inspector, flashlightDefects are common with any home, no matter how new, no matter how pricey. The key is in being able to recognize serious defects that may cost you money down the road. You want defects to catch you by surprise.

While home sellers are required to disclose defects, the truth is that sellers who are in a crunch to sell their home may not be so forthcoming. Realtors® are obligated to disclose these defects as well, but not all realtors are as skilled at identifying potential pitfalls.

A professional home inspection should be performed on any home before you finalize the purchase. Any potential homebuyer should have a list of potential signs to look for that the home has some hidden problems. Here are a few that may be helpful to look for while inspecting your next home purchase.

Odors

If a home smells too deodorized, you may have a reason to worry
. The seller may be trying to cover underlying odors that have permeated the home such as smoke, mold or pet smells like urine.

Water Pressure

Low water pressure is not only inconvenient, but may also be a sign of more serious plumbing issues. It can be a sign that pipes have corroded and will need to be replaced. A few simple tests are to run water in the faucets and monitor water flow, flush the toilet while the water is running to see if the faucet slows and turn on a faucet located the furthest from the water heater to see if there is a delay before the faucet receives hot water.

Electrical Outlets

Do the homeowners use a large amount of extension cords or are electrical outlets overloaded with appliances, lamps and electronics? If so, you may be facing overloaded electrical outlets in the future. The home may need more electrical outlets or updated electrical panels to accommodate the electrical needs of most homeowners today.

Stucco Siding

Synthetic stucco siding is not installed correctly can trap moisture. This moisture causes mold and decay. This problem is especially evident in humid climates. The siding may have to replaced if the problem is bad enough. You may want to have a special inspection done on just the siding to determine if there are any underlying issues.

Doors

Do doors close properly? Do they stick? Are they hard to close or open? While one door with this issue may indicate the door was not installed properly, several doors in this condition could indicate a structural problem such as a settled foundation.

Ceilings

Are there stains on the ceiling? Stains indicate that water is leaking somewhere. It could be from a roof or from a bathroom if the stain is below a bathroom. These problems can be simple or cost more than a thousand dollars to repair.

Exterior Elements that Slope

Do exterior elements such as the patio, driveway or porch slope towards the home? This indicates that water is flowing into the basement. Water in a basement guarantees a host of problems including mold, decay and insect infestation. Solving this issue can be as simple as re-grading the soil around the home or adding gutter extenders, but it may also cost thousands of dollars to build drains around the home.

Before you fall in love with a home be realistic about identifying potential problems. Work with your Realtor® to help you determine any issues and find resources that can perform inspections addressing any of these issues. While most home inspectors are specially trained and will most often recognize any troubling issues, even they can miss hidden problems at times.

Courtney Donato-Griffiths can list your home or show you the perfect house in Potomac, Gaithersburg, Rockville, Kensington, Bethesda, or other Montgomery County locations and is ready to discuss all the scenarios of the new home buyer's credit and current interest rates with you. Whether you are buying a Montgomery County home or selling one, Courtney is your local Montgomery County specialist.

What's in a Name?

Yvette Chisholm: Real Estate Agent in Potomac, MD

Money!

We all live and work in communities that the "name" can define the value. In our area, consumers, agents, retailers, work hard to create the image. Sometimes they push names on a community that doesn't really exist.

When writing an offer on a house, consumers should be careful to verify the legal address of the property in order to differentiate it form the marketing name. For example, in my area many people live in Potomac, Maryland with a 20854 zip code - but technically live in the City of Rockville and have city taxes and city services.

Rockville has some of the best services in the County and if you want to live in "Potomac 20854" with city servcies - yes, you can have it all.

Potomac Foreclosure Opportunity Just Listed

02-04-10
Rick Boothe
Rick Boothe: Real Estate Agent in Darnestown, MD

LOCATION **LOCATION**LOCATION 10810 DEEP GLEN DR, POTOMAC, MD 20854

5 Bedroom , 3 1/2 Bath , Contemporary on 2 ACRES

Now Owned by Bank of America & Just Listed for $1,300,000

Year Assessed
Phase-in Value



2010 $1,538,530

Listing Courtesy of Elaine Koch Long and Foster Real Estate, INC. (301) 840-7320

I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprecedented buyer's market ... I would be glad to help.

rick.boothe@longandfoster.com 301-793-6796

*This information is deemed reliable but not guaranteed.

Potomac MD Trustee Sales - Harvey West Auctioneers

02-01-10
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD

Potomac MD Trustee Sales - Harvey West Auctioneers

Harvey West Auctioneers has scheduled Maryland trustee sales.

Trustee sales auctions are open to the public and all qualified bidders. These sales are foreclosures by the secured mortgage lenders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. The required deposits must be in the form of cash or certified funds. Most of the bidders use cashier's checks that are payable to themselves and endorse the checks when they are successful. Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure to the lender that the property is being purchased in 'as-is" condition. Normally, the properties are not offered for inspection.

The secured mortgage lenders are buying in most of the properties that are sold at the court house auctions. The lenders then offer the homes for sale to the public when they become part of the REO inventory. Contact us for client reports on lender owned homes that are available for purchase. We represent home buyers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties. roykelley@mris.com

Harvey West, Auctioneers complete trustee sale schedule: http://www.hwestauctions.com

Monday, February 8th, 2010
Sale Time Deposit Address City Location Ad Start
01:33 PM $50K 11408 PATRIOT LANE POTOMAC MONT CHS 01/21/2010


Wednesday, February 10th, 2010
Sale Time Deposit Address City Location Ad Start
11:04 AM $25K 1790 MILBORO DR POTOMAC MONT CHS 01/22/2010
12:12 PM $25K 12303 SWEETBOUGH CT NORTH POTOMAC MONT CHS 01/25/2010
12:18 PM $25K 11521 SWAINS LOCK TERRACE POTOMAC MONT CHS 01/21/2010
12:54 PM $25K 15121 WINESAP DR NORTH POTOMAC MONT CHS 01/22/2010


Wednesday, February 17th, 2010
Sale Time Deposit Address City Location Ad Start
10:38 AM $25K 11610 RIVER ROAD POTOMAC MONT CHS 01/28/2010