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Lawrence Evans

Germantown Maryland Best and Worst Buys of the Week

I have changed the weekly update to include all properties which have been rated and have rendered our recommendation based upon the "Limejuicer Rating System". Please contact me if you would like a more detailed analysis for any of the homes listed below. Team Limejuicer and I have previewed over 3000 homes in the past year. We rate new listings and and re-rate existing listings on a weekly basis. The "Limejuicer Rating System" allows us to not only keep our seller clients informed but competitive in any market, while allowing us to find the best valued property for our buyer clients. We rate all properties according to Value, Location, Condition and Motivation. Red Buckeye Court, Blunt Commons Townhome $249,000 Scored 30 out of 40 Park Location, Well Priced, Foreclosure, Great Investment Best buy in Germantown Afternoon Lane, Waters Landing Townhome $234,000 Scored 29 out of 40 Very Good Price, Poor Condition, Foreclosure, Lake Location Limejuicer Highly Recommends Club Hill Drive, Churchill East Townhome $217,900 Scored 22 out of 40 Market Value, Very Poor Condition, Foreclosure Limejuicer Does Not Recommend Galway Bay Circle, Ashmore Condo $124,600 Scored 28 out of 40 Good Starter Home, Decent Investment, Foreclosure Limejuicer Recommends Crosstie Drive, Germantown Estates Townhome $244,900 Scored 23 out of 40 Marginal Condition, Overpriced, Foreclosure Limejuicer Does Not Recommend Harvest Glen Way, Germantown Station Townhome $328,000 Scored 30 out of 40 Good Condition, Backs to Trees, Well Priced, Foreclosure Limejuicer Highly Recommends Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time. Lawrence Evans (aka "The Limejuicer") Real Estate Consultant Re/Max Town Center Germantown. Maryland (301) 540-2232 ext. 125 (301) 922-2156 cell

Best and Worst Buys of the Week in Germantown

I have changed the weekly update to include all properties which have been rated and have rendered our recommendation based upon the "Limejuicer Rating System". Please contact me if you would like a more detailed analysis for any of the homes listed below. Team Limejuicer and I have previewed over 3000 homes in the past year. We rate new listings and and re-rate existing listings on a weekly basis. The "Limejuicer Rating System" allows us to not only keep our seller clients informed but competitive in any market, while allowing us to find the best valued property for our buyer clients. We rate all properties according to Value, Location, Condition and Motivation. Red Buckeye Court, Blunt Commons Townhome $249,000 Scored 30 out of 40 Park Location, Well Priced, Foreclosure, Great Investment Best buy in Germantown Afternoon Lane, Waters Landing Townhome $234,000 Scored 29 out of 40 Very Good Price, Poor Condition, Foreclosure, Lake Location Limejuicer Highly Recommends Club Hill Drive, Churchill East Townhome $217,900 Scored 22 out of 40 Market Value, Very Poor Condition, Foreclosure Limejuicer Does Not Recommend Galway Bay Circle, Ashmore Condo $124,600 Scored 28 out of 40 Good Starter Home, Decent Investment, Foreclosure Limejuicer Recommends Crosstie Drive, Germantown Estates Townhome $244,900 Scored 23 out of 40 Marginal Condition, Overpriced, Foreclosure Limejuicer Does Not Recommend Harvest Glen Way, Germantown Station Townhome $328,000 Scored 30 out of 40 Good Condition, Backs to Trees, Well Priced, Foreclosure Limejuicer Highly Recommends Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time. Lawrence Evans (aka "The Limejuicer") Real Estate Consultant Re/Max Town Center Germantown. Maryland (301) 540-2232 ext. 125 (301) 922-2156 cell

Germantown Maryland Limejuicer Ratings for 20th March 2009

I have changed the weekly update to include all properties which have been rated and have rendered our recommendation based upon the "Limejuicer Rating System". Please contact me if you would like a more detailed analysis for any of the homes listed below. Team Limejuicer and I have previewed over 3000 homes in the past year. We rate new listings and and re-rate existing listings on a weekly basis. The "Limejuicer Rating System" allows us to not only keep our seller clients informed but competitive in any market, while allowing us to find the best valued property for our buyer clients. Eagles Nest Court, Waters Edge Condo $200,000 Scored 29 out of 40 Good Condition Limejuicer Highly Recommends Eagles Nest Court, Waters Edge Condo $195,000 Scored 29 out of 40 Good Condition Limejuicer Highly Recommends Hickory Tree Way, Gunners View Condo $109,900 Scored 28 out of 40 Good Value, Poor Condition Limejuicer Recommends Treebranch Terr, Germantown View Townhome $260,000 Scored 28 out of 40 Par Rating Limejuicer Recommends Laurel Grove Terrace, Gunners Lake Townhome $235,000 Scored 26 out of 40 Poor Condition Willow Spring Court, Gunners Lake Townhome $239,000 Scored 26 out of 40 Poor Value Partridge Wood Dr, Gunners Lake Townhome $225,000 Scored 26 out of 40 Great Location, Poor Condition Partridge Wood Dr, Gunners Lake Townhome $175,000 Scored 28 out of 40 Great Value, Poor Condition Limejuicer Recommends Grotto Lane, Germantown View Townhome $237,900 Scored 26 out of 40 Good Value, Bad Condition Cross Ridge Court, Gunners Lake Townhome $144,900 Scored 27 out of 40 Great Value, Bad Condition Timber Hollow Place, Gunners Lake Townhome $195,000 Scored 27 out of 40 Poor Value Cross Ridge Court, Gunners Lake Townhome $159,900 Scored 27 out of 40 Great Value, Poor Condition Summer Oak Court, Gunners Lake Townhome $274,900 Scored 27 out of 40 Poor Condition Ridgecrest Drive, Gunners View Single Family $389,900 Scored 29 out of 40 Great Condition Limejuicer Highly Recommends Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time. Lawrence Evans (aka "The Limejuicer") Real Estate Consultant Re/Max Town Center Germantown. Maryland (301) 540-2232 ext. 125 (301) 922-2156 cell

Germantown Maryland Sees Home Sales Double as Temperatures Rise

We started off this year with an average of 1.5 homes going under contract on a daily basis. Home Inventory numbers going into the New Year were hovering around 685 homes. It has never been more apparent to me that we were a community that had a glut of inventory. Move to the present day and we have seen a decline of housing inventory by 38% to today's number 426 homes on the market. Total homes under contract and pending settlement is an astonishing 200 on the nose. To put this into perspective that is more than was sold in March 2004 (close to the height of the boom market). Should this trend continue at this pace we should anticipate a stable local real estate market by the beginning of the 3rd quarter. Breakdown of the 200 pending settlement properties is as follows and the results it provides: 86 Short sales are under contract - This could potentially put a burden of the local rental market which currently only has 110 available rentals (not including apartments). The keeper investor may find it quite easy to rent their investment properties. 52 Owner Occupied homes under contract - These folks generally buy another home and may well be taking advantage of the lower move up prices and low interest rates. If they are purchasing another home we can anticipate further reduction to our inventory numbers and the best properties being sold in the next 30 days. The remaining 62 properties were bank owned and were predominately in the lower price range i.e. Less than $300,000. I will keep you posted if I see any additional changes to the housing supply, but as I mentioned in the past the ship is in port and we can assume it will be leaving sooner rather than later. Check out my blogpost 9 December 2008 http://limejuicerrealestate.blogspot.com/2008/12/who-are-jones-anyway.html

Top Rated Properties in Germantown Maryland 6 March 2009

The properties below are this week's top rated properties in Germantown:
Location: Shore Harbour, Germantown
Status: Regular Sale
Priced: $250,000
Built in 1992
Value: 5 (Overpriced, should be no more than $230,000)
Condition: 8 (Superior condition and staged beautifully)
Location: 10 (This is why this home has rated so well - panoramic views of the Lake)
Motivation: 7 (Average motivation)
Total Rated Score: 30 - If this condo were to be priced at market it would score a 32 (4 points higher than the average home in Germantown), question the buyer could have is do I want to pay an extra $3 a day for a view?
Location: Laurel Hill Way, Churchill Town, Germantown
Status: Regular Sale (Vacant)
Priced: $248,750
Built in 1984
Value: 7 (Market Value for the square footage)
Condition: 7 (Expected condition, new appliances, good windows, but poor front appeal)
Location: 8 (Backing to parkland, partial view of the lake from the deck)
Motivation: 7
Investor Score: 18.5
Total Rated Score: 29 (With some upgrading to the curb appeal, this is a keeper)
Location: Staffordshire Place, Waters Landing, Germantown
Status: Foreclosure
Priced: $209,900
Built in 1990 by Ryland Homes
Value: 10 (Very well priced - won't last long)
Condition: 7 (Newer appliances, fresh paint - appears to be in the process of addition TLC)Location: 7 (Average location backs to storm water pond)
Motivation: 7 (Corporate Owned)
Investor Rating: 20.5 (Great rental property, potentially flippable)
Total Rated Score: 31 (Highest rated foreclosure/home on the market in Germantown - will be sold by the end of the week)
The above properties have either lowered their price (increased value) and/or added to their condition - they can now be considered good buys. For your information Team Limejuicer and I have previewed over 3,000 homes in the past year and a half. We rate and rerate if necessary, homes on a daily basis - this system allows us to not only keep our seller clients informed as to their competition, but also allows us to find the best valued property for our buyer clients.
Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time.
Lawrence Evans, P.C. - Real Estate Consultant
Re/Max Town Center Cell: (301) 922-2156
Office: (301) 540-2232 Ext 125