It doesn't take much research to know that there are a large number of foreclosures on the market, including some Crofton, MD homes for sale. Picking up a foreclosure property in Crofton, MD could be a great investment, but buyers do need to be careful.
If you're interested in including foreclosure properties in your home search, make sure you have a qualified, local Realtor to assist. The process to buy a foreclosure does differ a bit from a regular residential resale. Also, buyers agents usually get paid from the seller in a transaction. Even if the property is a foreclosure, where the owner is a bank.
There are three distinct phases of foreclosure activity. Once an owner stops paying their mortgage the lender will file for a notice of default. Remember all those documents you signed at closing. One of them gave the lender the right to do this. At this stage its really called a preforeclosure.
The bank has an obligation to post a public notice in the paper several times before they can go to court and take the property back. Once the court ordered foreclosure is complete, the bank can sell the property at auction on the courthouse steps in Annapolis, MD. Thats right, the auctioneer is on the courthouse steps and announces each property for sale. If there are no buyers at a price acceptable to the bank, the property reverts back to the lender, and will soon go on the market.
Banks aren't real estate companies, so their properties are listed for sale with a local brokerage. These are called REO properties, meaning Real Estate Owned.
Most buyers agents will tell you that they prefer working with a foreclosure than a short sale any day. Banks seem to have their act together on foreclosures, while short sales still have serious process problems, in many cases.
I can help if you're interested in looking at foreclosures anywhere in the Annapolis MD area. If you're not already working with an agent, give me a call at 443-995-9595.
Crofton, MD has 10 bank owned foreclosures for sale, and more in the preforeclosure stage. If you would like a listing of the Crofton, MD foreclosures, just eMail me at Rich@RichSellsHomes.com.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $6,624,523 | $6,284,900 | 5.40% |
| Average Sold Price | $662,452 | $897,843 | -26.22% |
| Median Sold Price | $702,500 | $850,000 | -17.35% |
| Total Units Sold | 10 | 7 | 42.86% |
| Average Days on Market | 116 | 204 | -43.16% |
| Average List Price for Solds | $730,022 | $1,138,843 | -35.90% |
Davidsonville, MD is never an easy zip code to analyze for real estate statistics. Clearly, one of the most expensive areas of Anne Arundel County to live, Davidsonville, MD rarely has monthly sales that are in the double digits.
With the median home price over $700 thousand dollars, this shouldn't be a surprise.
58 of the 73 current active listings in Davidsonville are priced over $700 thousand dollars.
Despite the relatively low number of transactions, Davidsonville, MD has seen a decreasing inventory in the last couple of months.
If you're looking for an upscale neighborhood, with an easy commute to Washington, DC, Baltimore and Annapolis, Davidsonville, MD is the place to be.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS. Richard Iarossi, REALTOR® 410-451-6255 Office Annapolis MD Real Estate Specialist ©2009 - RichSellsHomes, All Rights Reserved
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
As you can imagine, home buyers in Odenton, MD, frequently take advantage of VA loans. I'm pretty sure that this is one of the few communities around where VA loans exceeded Conventional loans for home purchases in September, 2009.
Of course, Ft. Meade, home to the NSA is the cause of so many VA loans.
In September, 2009 though, FHA loans were at the top of the list with 10. This loan type is very attractive for first time home buyers since it only requires 3.5% of the purchase price as a down payment.
If you're looking for a home in Odenton, MD, I work with an outstanding lender who can secure the best financing to meet your needs.
If you're not already working with a Realtor® to find a home in Odenton, MD, I can help.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $7,744,500 | $9,012,593 | -14.07% |
| Average Sold Price | $297,865 | $333,800 | -10.77% |
| Median Sold Price | $298,750 | $320,000 | -6.64% |
| Total Units Sold | 26 | 27 | -3.70% |
| Average Days on Market | 77 | 116 | -33.62% |
| Average List Price for Solds | $318,532 | $358,518 | -11.15% |
Odenton, MD real estate sales in September, 2009 compared to the same month in 2008 were not trending upward.
The number of units sold was almost the same so the reduction in average prices is reflective of the price ranges that are active. 24 of the total 26 homes sold in Odenton, MD during the month of September, 2009 were under $400,000.
Crofton, MD, a neighboring community had 8 homes sold over $500,000.
The Odenton, MD homes for sale inventory remains high at 198. It grew slightly since 42 new listings came on the market while 26 were settled.
Taking a peek at the future it looks like the trend is turning around. 38 homes went into one of the contract stages.
Interestingly, houses are selling faster in Odenton, MD in September of this year compared to last, even while the inventory continues to grow.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
It wasn't all that long ago that FHA loans were rejected by sellers in Crofton, MD pretty routinely. Look what happens when the market turns.
In September, 2009, FHA loans outnumbered any other type of financing for Crofton, MD home buyers. Conventional financing was a very close second with VA financing pretty strong as well.
Two buyers came up with the cash to purchase their Crofton, MD home. I don't know why, but this still amazes me. Especially when you consider the average Crofton, MD home was $353,841 in September, 2009.
As you can see, if you're a Crofton, MD home buyer, you should consider an FHA loan. Right now, you can receive an FHA loan with 3.5% of the purchase price as a down payment.
If you're not already working with an agent to find your Crofton, MD home, I can help.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
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Serving discriminating buyers and sellers in the Anne Arundel, Prince Georges, Howard, Calvert and Queen Anne Counties in Maryland. Call Rich at 443-995-9595 for the real estate service you deserve
To search for all active listings in Maryland, Virginia and the District of Columbia use http://www.RichSellsHomes.com
Welcome to Crofton, MD. As a sales associate working for Long and Foster Real Estate, Inc. I feel priviledged to work with buyers and sellers all throughout Anne Arundel and surrounding counties.
Crofton is a destination place for buyers moving into the area. We're ideally situated about 30 minutes out of Washington, DC to the south and 30 minutes out of Baltimore to the north. Travel east about 10 minutes and you're in the Capital of Maryland, Annapolis. Each of these cities is a thriving employment area, making Crofton an ideal location.
My family and I moved to Crofton in 1991 and used the same criteria that buyers today use when looking for a home. Great location, good schools and safety. After looking at several communities in the area Crofton was our number one pick and we've never looked back. It has been a wonderful small city to raise a family.
The kids are grown and out now and living in nearby Baltimore County. My wife and I are still in Crofton and plan on remaining here for quite some time.
You're in luck...my two Schnoodles like everybody.
When you're on the Internet, you don't have time to waste on endless searches for useful real estate information. You want to get things done quickly and without hassle. So chances are you'd like a real estate agent who
Enter the e-PRO.
An e-PRO is a REALTOR® who has successfully completed the e-PRO training program for real estate professionals. Endorsed by the National Association of REALTORS®, the e-PRO course teaches professionals the nuts and bolts of working with real estate on-line: Web sites, e-mail, on-line tools, and most of all, what today's consumer really wants.
I have been an e-PRO for 4 years and use only the latest in technology to help assist buyers and sellers in realizing their dream of home ownership.
Active Rain is a great platform and learning experience.
A grandchild changes everything. Rich and Jackson, 10/08.
Rich Iarossi
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
My main area of expertise is working with renters, buyers and sellers in the residential real estate market.
Valerie Martin
“Rich, my salesperson was excellent. Attention to my wants and method of house hunting, attention to details above and beyond expectations.”
Roger and Thuy Castillo
“We loved Rich and would recommend him to any and everyone. Rich served us above and beyond his duties. He was knowledgeable and trustworthy.”
Michael and Joanne Haskins (Vice Admiral - Retired)
“Rich was the perfect realtor for us – patient, knowledgeable. He made the whole process a very pleasant one.”
Peg Hardy
"When it comes time to sell Rich is going to be my agent. I'm picky and it took some time but he was patient and we found the perfect house."
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