The real estate statistics are out for August 2009, and Anne Arundel County MD continues to show signs of positive home sales trends.
August 2009 posted 464 homes/townhouses/condos sold. This figure is 3.3% higher than the 449 sold in August of 2008.
While the median sales price did go down by -8.4%, compared to August of 2008, this appears to be a reflection of the number of first time home buyers in the market right now. First time home buyers are generally picking up homes under $300,000, and there are a lot of them trying to take advantage of the $8000 tax credit. This first time home buyer tax credit, if you qualify, will only be given on a home settled by November 30, 2009.
Single family home inventory is down -19.1% compared to August 2008. Townhouse/condo inventory is down -13.5% in the same time period. More homes are selling, and while there is still a large selection, those sold now aren't being replaced by new inventory at the same rate as the last couple of years.
One of the indicators of future performance in the housing industry is pending sales. This category increased by +44.5% when compared to August of 2008. The next few months are already on the upswing with plenty of time to add new sales.
Anecdotally, I have seen, and participated in, several multiple contract situations. It doesn't happen on every offer but it definitely is happening more frequently than in the past few years.
Is the housing slump completely turned around in Anne Arundel County MD. Probably not, but the upward indicators of the past few months do seem to be telling us that the worst may be over. While it is still a strong buyers market, the stats are showing us that that may be changing soon.
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
Reserve the date to give blood through the American Red Cross right here in Crofton MD.
Date: October 6, 2009 (Tuesday)
Time: 2:00 PM to 8:00 PM
Location: St. Elizabeth Ann Seton Parish
1800 Seton Drive
Crofton, MD 21114
Here is another opportunity to recycle right here in Crofton MD. A unique recycling effort no doubt. Recycle your blood to help someone in need.
If you're looking for just that little extra bit of incentive, a donation to Susan G. Komen for the Cure will be made on behalf of all donors. I'm not sure but they'll probably have cookies too.
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
I guess Anne Arundel County MD is getting tired of complaints about dogs from property owners, because I'm seeing new signs popping up in Crofton MD.
Crofton MD is a great place to live and if you've spent any time here at all you know that Crofton residents do a lot of walking on the parkway. Walkers, joggers, bike riders, baby strollers, and probably more than anything else...dog walkers.
I live on Crofton Parkway and most of the dog walkers are diligent about carrying plastic bags to dispose of... well, I don't need to be graphic here. Most dog walkers are responsible, unfortunately though, not all.
It's not the dog's fault when they have to go. That's just what dogs do. When I walk my two dogs I end up carrying four bags. Don't ask, they just really like the parkway I guess.
Now, however, dog walkers are being warned that they could incur a fine if they don't pick up after Fido. a pretty expensive squat if you ask me.
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
All photos and written content were produced by Richard Iarossi. Copyright 2009 - All Rights Reserved. This content may not be reproduced or reprinted, except for Active Rain Re-blogging, without express written permission of Richard Iarossi, REALTOR®, Long and Foster® Real Estate, Inc., Crofton, MD.
Your Crofton MD home purchase contract is ratified, now what do you do? Early on you received pre-approval or pre-qualification from your lender. Now that the contract on your Crofton MD home is ratified, you need to formalize, and get a commitment for the loan.
In the contract is a specified period of time when you have to apply for a loan, and when the loan will actually be committed to by the lender. All this has to happen before settlement. Your agent will help make sure that the dates specified in the contract are met.
The formal application is first and the lender will require documentation of your assets and income. Your credit check and FICO scores should have been done earlier. They'll be checked again to make sure nothing has changed.
REMEMBER, don't go out and buy that new car or furniture for the house as that could affect the commitment for the loan. Wait until after settlement before making any major purchases.
Once you submit the formal application, the lender will order an appraisal of the Crofton MD property. This process usually takes a week or two to complete.
During this time your documentation will be forwarded to the lenders Underwriting department for review. For the lender, this is where it all comes together. Even though they work for the same company, the underwriter works at arms length from the loan originator.
If the appraisal is acceptable to the bank, your documentation is complete, and underwriting has completed their review, the loan can be committed and we can move on to settlement.
Once the financing contingency is removed, settlement on your new Crofton MD home is just a matter of time. Financing is usually the last contingency to be removed.
Financing, securing the loan, is one of the most critical steps in the purchase of your Crofton MD home. Having a professional loan officer working on your behalf is absolutely critical.
Buying A Home In Crofton MD - Step 1, Making The Decision
Buying A Home In Crofton MD - Step 2, Getting Professional Assistance
Buying A Home In Crofton MD - Step 3, Time To Start Looking At Homes
Buying A Home In Crofton MD - Step 4, Know The Local Market
Buying A Home In Crofton MD - Step 5, Finding Your Dream Home And Writing An Offer
Buying A Home In Crofton MD - Step 6, Negotiating
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
I've been living in Crofton MD since 1991 and the issue of what to do with Lake Louise seems to come up periodically. If you live anywhere in the area, you know that "Lake Louise" sits on the left side of the main entrance to Crofton MD.
Since it's really not a naturally fed lake, it does have pretty dramatic swings in water level. Most of Lake Louise is runoff from the townhouse community just off of Crofton Parkway.
On September 21, 2009, the issue of Lake Louise and other important community issues will be discussed at the General Membership Meeting.
There are some who want Lake Louise to remain "as is," basically a catch basin for water runoff. Let nature take its course. When there is a drought, the lake will be low, and when there is heavy rain, it will be overflowing. Pretty much the same as its always been. This is the least expensive option since it won't cost any money to implement.
Other ideas include drilling a well to feed the lake and making it into more of a marshy grassland.
All ideas will be discussed at the General Membership Meeting. You can visit the Crofton MD Town Hall website for more information as it gets closer to the meeting date. Signs will also be posted around the community in the coming weeks. Reserve the date now, September 21st.
Let the big honchos discuss health care and stimulous. Our issue with the attractiveness of Lake Louise is a local issue and deserves your input.
I've always found the Crofton Civic Association to be very receptive to the needs of the members and residents of Crofton MD. Show up for the meeting, greet your neighbors, and let's see what they have to say about "Lake Louise," the entrance to our wonderful community.
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."
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.
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