Many first time home buyers in the Baltimore, Maryland area think that they must start in a row home or townhouse because the single family home is just out of reach. I am here to say that is just NOT TRUE! There are some great neighborhoods in Dundalk, 21222 that are filled with single family homes that are affordable to the first time home buyer.
Gray Manor is one of those neighborhoods-very diverse in style and size of home as well as price. I have helped several first time buyers find wonderful single family homes in this neighborhood.
Just a few examples-John and his wife were thrilled when we found a single family 3bd/1.5ba fixer for $163,000! They were able to do a special construction loan to add a second floor as well as do all of the fix up work. Now they have loads of equity in their first home, as well as a very nice single family home.
Chris and his wife still thank me for getting them into their first home in Gray Manor. A cute little 2Bd/1 Ba cape cod that had been updated and with a nice size yard for their small child. They have been in about 1 year and are just starting to rehab the entire house to add more bedrooms and baths for new "family additions!"
There are many opportunities like these in the Gray Manor Community. If you are thinking that your first home or even a move up to a single family is just out of reach-Give me a call and I will show you just how possible it can be!
443-384-6000 Office 443-912-4866 cell
Baltimore County Real Estate, Nottingham Real Estate, Perry Hall Real Estate, White Marsh Real Estate, Parkville Real Estate, Dundalk Real Estate, Sparrows Point Real Estate, Miller's Island Real Estate, Middle River Real Estate, Essex Real Estate, Rosedale Real Estate, Baltimore City Real Estate, Harford County Real Estate, Fallston Real Estate, Bel Air Real Estate, Anne Arundel County Real Estate, Real Estate Investor, Real Estate Settlement
Isn't it hard to believe that it is April already? It seems as I get older that time starts to move at a much faster pace, giving me less time to do some of the things I wanted to do. It also means that I must make quicker decisions when opportunities present themselves.
Dundalk is presenting some great opportunities for the first time homebuyer AND the investor who utilizes a buy & hold strategy. Lets take a look at market performance in the 1st qtr of 2008.
SOLD listings in Dundalk (21222) numbered 83 (actual closed sales in qtr) with a range of listing price from $79,900 to $287,900. The average list price of all homes sold was $170,201.
Compare that to the actual sale prices of $78,000 to $280,000 with an average price of $166,912. Using the averages there is only a $3289 difference from list to sell,(170,201-166,912=$3289) or 1.9%. That means that in the first quarter of 2008 homes in Dundalk is still selling for 98.1% of list! The first quarter report of 2007 shows Dundalk homes selling for only 96% of list.
But what about the prices! OK, lets compare average sold prices in the first quarters, 2007 vs 2008.
Many parts of Maryland are showing declines into double digits, with an average somewhere around 11%-so 5.3% is a relatively strong number overall.
These numbers do not account for seller assistance to the buyer! The old addage, "If you don't ask, you don't get" comes to mind-Most closed transactions that I looked through offered in the listing seller contribution toward closing, but those that didn't offer were still allowing, in many cases, help to the buyer!
Of the 83 units sold in 2008-53 paid some or all of the closing costs for the buyer. The 53 sellers allowed a total of $342,995 in closing help toward the homes sold! That is an average of $6472 (app 3.9%) per buyer! WOW!
Add to this, for the first time home buyer, the programs that are available from the State and Counties (up to $35,000) and almost ANYONE can now afford to buy their first home-especially in Dundalk!
When I started I stated its a great time for FTB or investors. It really doesn't take much to see the upside from the investors point of view. The rental market in Dundalk is holding strong with rents $1000+ per month. The buy & Hold Strategist can have a positive cash flow property from day 1.
As the market begins to change to the upside (Yes it will), prices will begin to increase steadily giving a nice return on investment ( for any buyer) within a few years. What's the wall street saying "Buy Low, Sell High". THIS IS THE TIME TO BUY IN DUNDALK!
As of today, there are 256 active listings in Dundalk, 21222. Do you think that your next home could be one of them?
If you would like a complete list of Homes available in Dundalk, or a neighborhood specific list like Gray Manor in Dundalk, just give me a call 443-912-4866, or drop me an email LuckNetREG@comcast.net. You can find what you want with the right help.
443-384-6000 office 443-912-4866 cell
Baltimore County Real Estate, Nottingham Real Estate, Perry Hall Real Estate, White Marsh Real Estate, Parkville Real Estate, Dundalk Real Estate, Sparrows Point Real Estate, Miller's Island Real Estate, Middle River Real Estate, Essex Real Estate, Rosedale Real Estate, Baltimore City Real Estate, Harford County Real Estate, Fallston Real Estate, Bel Air Real Estate, Anne Arundel County Real Estate, Real Estate Investor, Real Estate Settlement
I am amazed, as I look through listings this morning, at the pleathera of opportunities that abound in this one great Dundalk, Maryland neighborhood for the new home buyer. First time Home-Buyers, Move up buyers, or buyers transferring into the Greater Baltimore area-you have to look at Dundalk for affordability and to find the most house for your money!
Gray Manor has long been one of the most sought after neighborhoods in Dundalk and with these opportunities, you can see why!
First time buyer, think you can't afford a new home because everywhere you look Townhomes are listed at $200,000? Well take a look at some of the ones listed in Gray Manor, Dundalk:
How about just $149,900 for this little beauty? 3 bedrooms, 2 full baths and move-in ready!
Only need 2 Bedrooms and 1.5 baths? Covered rear deck and parking pad in rear. Freshly Painted and New Carpet. UP TO $10,000 CLOSING HELP AVAILABLE FOR 1ST TIME HOMEBUYERS! At only $155,900 I am sure this one will go quickly!
Ready to move up or want to look at single family homes?
$177,500-3 bd/1ba $214,500 4bd/1 ba $205,000 6 bd/2 ba w/in gr pool
All 3 of these fantastic homes are situated on large lots and located within the Gray Manor neighborhood. Want some help with closing costs-just ask! Want your first year home waraanty FREE-I include the first year for all of my buyers!
How would you like to live in a 2 bedroom/2ba home and have someone else pay you
r mortgage? Take a look at this 3 unit in Gray Manor. The front house is a 2 unit apartment while the owners house is out back. Very well maintained. Owner is retiring out west and is ready to go-so take a look and see how easy it could be.
How about locating your business in Dundalk? Need a 21,000 sf retail outlet with a 30,000+ sf parking lot. This is a high traffic location ready for your new business or to grow your existing business
Thought about starting your own business in automotive repair or sales? Here is a 2 bay garage on a larger than 1/2 acre lot with a used car lot and sales office. Totally turnkey as the inventory is included in the sale!
From your first home to unlimited opportunity, you can see that Dundalk offers it. Amazingly, all of these opportunities are also located in the Gray Manor area. If you are ready, or just thinking about a new home, give me a call at 443-912-4866 and I will show you how easy it can be to get into your next.....or first......home!
Stephen D Luckett-LuckNet Real Estate Group
Working with investors is a segment of the job that a select number of Realtors do. I thoroughly enjoy working with the small residential investor or the larger commercial investors. Everyday is something new and exciting.
Owning and operating a small business for several years, as well as partnering in larger commercial investments-like strip centers-allows my investors a wealth of experience not seen in many Realtors. That is the main reason that I specialize in the investment side of Real Estate.
Keeping my eyes open to new opportunities for the entrepreneur is an aspect of my job that I take seriously. Starting my day with looking through 100's of listings for that perfect opportunity for the new or seasoned investor.
Over the past week I have been discussing two such opportunities in Dundalk. Both are in high traffic areas and prime for the savvy investor to reap great rewards!
How about a building roughly 21,000 sf underroof with a 30,000 sf parking lot (1.58 acres total) on a main street with HIGH traffic counts daily! Currently rented on a MtM lease but application was made and approved to split building into as many as 7 units! That equates to about 3000 sf per unit-perfect for offices or retail lease! (As a note I am currently working with 3 small store owners that are looking for this type space!)
Dundalk retail currently rents for $12-$14 per sq ft-or $3000 to $3500 per month-multiplied by 7 units is $21,000 to $24,500 PER MONTH Lease Income. This would be a great income producer for any investor with a list price of just $1.5M!
Do you have someone that works on your car that you would swear by? Have you ever told that person that they should open their own garage? Well here is the opportunity they should look at.
2 bay garage w/office AND car lot w/office AND fenced storage lot. (.61 acre total) Very HIGH TRAFFIC location with quick access to 695. ALL Inventory included in sales price. This is truly a turn-key operation for mechanic or used car sales! At only $1,125,000-this is an opportunity that won't be around long!
If you or someone you know is in the market for investment property-Residential or commercial-call me immediately with your needs and I will start to work immediately to find that perfect opportunity to increase your income and net worth!
Stephen D Luckett-ExecuHome Realty
443-912-4866 cell 866-258-5476 toll free
I cannot believe that it has been 6 months since I have posted to this great forum. How time flies!! Has anyone even noticed my absence? (ok everyone needs an ego stroke now and then)
2006 was about networking for growth, name recognition and pretty much just about getting new business anywhere I could, because I was in a new market 700 miles from my old home. Blogs, Direct mail (farm), Radio, Community events, Social Gatherings, church, handing out over 5000 business cards---all played a key role in making 2006 a very successful year.
As many Realtors, along with myself, struggled in 2007, I found new insight to growing my business. 2007 was a lesson in "FOCUS". Focus of thought, talent, energy, and growth. I wish I could say that I had a true epiphany but the ideas hatched from conversations with my wife and one of my clients.
Two areas of my business took off: Investment and estate settlements
I have been a RE investor since the early 1980's. That is 27 years worth of valuable experience that I bring to the table for any new or seasoned investor. Having experience in Residential rentals as well as "flips" does put me ahead of the average Realtor and it was pointed out to me that I was not taking full advantage of the knowledge that I hold. I now have a list of residential investors that are buying, selling or renting multiple properties through my RE group.
It was a short leap to dealing with small commercial properties-store fronts, strips centers etc. Being a part of an investment group that owned strip centers allowed me to get my feet wet on the commercial side of the business. Also, having owned three small retail stores myself, gave me specific insight to what was important to these business people. I like this particular segment because finding the perfect investment opportunity in a strip center for my client will usually lead to leasing opportunites with potential residual income.
The retail stores that I mentioned owning previously were used furniture and antique stores. On a daily basis I met and worked with many other business professionals that bought and sold at auctions, or like us, that bought out entire estates for liquidation. This gave me a long list of very professional people that can work with my team to liquidate small or large estates. I guess you could say I became a one call does it all when it comes to dealing with an estate settlement.
When I get a call or referral of this nature, I can actually become the point person to eliminate some of the stress and aid in decision making with a clear, level head to insure that the clients needs are best served. I now have a strong team in place that will clean out an estate-one price, tag sale or auction-and prepare the home for market sale or auction. Of course, with a long list of investors some times a buyer is lined up before having to list.
I was a little nervous at the beginning of 2007-but I have to say that the new RE market of 2007 taught me a very valuable lesson and focused my thoughts, advertising and business growth far more than I would have without it.
Overall, 2007 was a great year for growth and the future is looking far brighter than I thought it would this time last year.
Stephen Luckett-LuckNet Real Estate Group
 |
|
|
Specializing in Real Estate Investment and complete Estate Liquidation in the Greater Baltimore Area-Including Baltimore, Anne Arundel, and Harford Counties.
As a Realtor® with ExecuHome Realty and owner of LuckNet Real Estate Group. I take great pride in serving the residents of Baltimore County, Harford County and Anne Arundel County. I believe that a good Realtor® should know the community and keep abreast of the latest market trends. As the Southeast portion of Baltimore County keeps growing and changing-it is even more important to have a Realtor® that stays on top of the market.
I am a FULL-TIME Realtor®! This is extremely important when you think of what Realtor® to choose for your needs. When your matters are time sensitive or urgent, I can and will do what needs done immediately to insure that your real estate transaction progresses smoothly to the desired end. Whether a seller or buyer, your needs and wants are always my first priority!
Working actively and aggressively in the market every day allows me to keep better track of market changes to insure that I can always give you the best service and value. Having direct knowledge of home sales, listings, expansion plans or other local information allows me to give you all the information you need to make an informed decision on your home-whether buying or selling!
When considering your next move, please take into consideration what I as a full-time Residential Real Estate Professional have to offer:
•· FREE Neighborhood Market Report-lets get your home priced for maximum profit with quickest results!
•· FREE home evaluation-Many small things make a huge difference
•· FREE use of the "Talking House" sales system for ALL listings
•· Professional, courteous service-I ALWAYS return phone calls and emails!
•· Optional services of a professional home stager to make your home appeal to more buyers quickly!
•· I will handle all phone calls, questions, showings and pre-qualification of potential buyers
•· Full service brokerage at very competitive, flexible fees
•· An aggressive marketing program to maximize your profit from sale
•· Advertising on web: Broker's site, Affiliated salesperson's websites, realtor.com, homesdatabase.com, homeseekers.com, and any related website through MRIS.com
•· Use other advertising avenues as needed-Newspaper, radio, Comcast channel 281(Home Preview Channel)
•· Advertising geared to increase inbound calls to effectively market your property one-on-one
•· Extensive Buyer/Investor list for quick offers on many properties
•· I have a track record of working with For Sale By Owner properties to expand your possibilities beyond the MLS
•· I always keep an open mind to clients wants, needs, and suggestions
•· I can help make buying or selling your home a memorable and hassle-free experience.
With the backing of ExecuHome Realty, a most respected name in Real Estate, I can help make your dreams become a reality. Call me today at 443-384-6000 (office) or 443-912-4866 (cell). You may also email me at: LuckNetREG@comcast.net You will quickly understand how I earn your referral business!
Residential Specialist working as team leader for LuckNet Real Estate Group. We have agents that work in the following areas as Sellers & Buyers Agents: Eastern Baltimore County, Harford County, Anne Arundel County, Baltimore City, Dundalk, Essex, Sparrows Point, Middle River, Edgemere, Millers Island, Bowleys Quarters, Parkville, Perry Hall, Rosedale, Nottingham, White Marsh, Towson, Lutherville-Timonium, Cockeyesville, Parkton, Fallston, Pasadena, Glen Burnie, Brooklyn
Stephen is an excellent real estate professional. He works with a client as if they were a business partner and puts together deals that he would like himself. His analysis of a investment opportunity is very sophisticated and he provides his client with all pertinent information to make an informed decision. He is the best real estate agent/business advisor I have ever seen and he will always be my first choice when I'm considering additional investing. I recommend him without reservation. FS-New York-Baltimore Investor
Steve has helped me throughout the past year, purchasing investment property both for resale and renting. I am very pleased with his knowledge of the market and particular areas which I like to invest. I would recommend him to anyone looking to buy or sell their home.-DD-Columbia
I use Steve on a regular basis for his vast knowledge of the housing market. He has aided me in the purchase of many of my rental properties and is always feeding me new opportunities for investment. He has never let me down in any transaction we have done. I always refer him anyone that lets me know they are looking for a great Realtor.-DM-Cumberland
Outstanding service! Constantly communicated exactly what was going on and what to expect. Highly recommend!! JP-Middle River
Steve knew exactly what I was looking for and found the PERFECT house that was not even listed on the market! The house was a for sale by owner that had only been on the market a few days. He was able to put togehter a deal that everybody was happy with and I got my new home. I don't think any other Realtor could have done what Steve did in putting me in my new home. Thanks so much! PEG-Dundalk
Outstanding service-very knowledgeable of how to sell homes. Steve made selling my home seem effortless, yet I know his determination behind the scenes is what got my home sold quickly. If you want to sell your home quick for the best price, call Steve-he will get the job done!-MS-Baltimore
I am a first time home buyer and Steve took the time to thoroughly explain the entire process step by step. He worked diligently daily to find the perfect house and I am so happy with the house we decided on. I am a very busy person and Steve worked around my schedule and seemed to make the entire process effortless. I referred Steve to all of my friends and people I work with because I feel confident they will be taken care. Thank you so much for all you did!-SG Parkville
Steve was outstanding in navigating me through the process of selling my mothers home. He kept me informed and made several recommendations that assured that the property would sell quickly-actually in just 4 days. I am thrilled to have found an agent that knows the area and can do exactly what he says he will!-MT Sparrows Point
I am pleased with the service I received and how smoothly the transaction was handled all the way through closing.-BK Baltimore
Steve went above and beyond when selling our home. He far exceeded what he said he would do-selling our home in just 4 day! I would recommend him to anyone that is looking to get the best service from beginning to closing.-RB Dundalk
Outstanding service in both selling my home and buying my new home! Thanks so much-CSC Dundalk
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Stephen Luckett
Stephen Luckett