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Piney Orchard Townhouse for Rent

2732 Cherrywood Court, Odenton, MD 21113

Contact me today to see this beautiful 2 bedroom 2 level townhouse in the Woodland Walk section of Piney Orchard. This interior of this home has been redone from top to bottom, including new carpet, flooring, and paint. Available immediately. $1700/month.

Margaret Woda
Long & Foster Real Estate, Inc.
410-721-1500

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Santa Arrives in Crofton on Monday, December 2, 2013

OLYMPUS DIGITAL CAMERASanta Arrives in Crofton, Maryland
Monday, December 2, 2013

You’d better watch out, you’d better not pout, you’d better not cry I’m telling you why, Santa Claus is coming to town!

Don’t miss Santa’s arrival at Crofton Country Club on Monday evening, December 2, just in time for the annual Christmas tree lighting at 7 p.m.  Come early to enjoy caroling by the Children’s Choir of Elizabeth Seton Parish, and sing along.  After Santa’s arrival atop a firetruck, he’ll be going into the clubhouse to visit with Crofton kids.

It will be a fun evening with a local band, Pocket Change, providing holiday music while children meet with Santa. Two clowns, Jello and Flopsy, will entertain the children, crafts and a coloring contest will take place, and refreshments will be provided by Crofton Country Club.  Meanwhile, it’s a great opportunity for the grownups to catch up with their neighbors.

Even if you don’t have small children, chances are you’ll enjoy this holiday tradition in Crofton!

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Local information posted to Focus on Crofton is my way of attracting new buyers to our community while keeping my neighbors informed. Please feel free to comment below or contact me directly if you would like to see a post about an event sponsored by your community organization or a specific real estate topic.

 

 

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Crofton Village Garden Club Honors Our Troops

Crofton Village Garden Club Honors Our Troops

The members of Crofton Village Garden Club love our troops and love flower arranging. These two loves come together at our November meeting, each year, when we make patriotic-themed flower arrangements for the veterans at Loch Raven VA Community Living and Rehabilitation Center in Baltimore, Maryland.  Each member makes several of the arrangements during this hands-on workshop – enough for every guest at Loch Raven to receive one.

This year’s masterpieces were delivered to the vets by project chair Sunny Frank, with the assistance of Bernie Robertson and Harriet Kiilehua.  You can click on the photo below to enlarge it.

Veterans Day 2013

Sunny Frank, Bernie Robertson, Harriet Kiilehua

 Originally published at CroftonVillageGardenClub.com on November 22, 2013

 

 

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Loan Approvals Get Tougher in 2014

Loan Approvals Get Tougher in 2014

New mortgage approval requirements in 2014 could make it harder for you to buy a home.  In fact, you may want to make your purchase in the next 30 days if you are:

Dollar Sign

Other homebuyers who will likely be impacted negatively include those who rely on commissions, bonuses, or overtime pay for income and those who still owe on student loans.

In fact, most home-buyers will feel the impact of new regulations because lenders tend to be conservative when new regulations go into effect. They’ll likely err on the side of caution as they evaluate your:

1. Monthly Debt to Income ratios (43% or less)
2. Current debt obligations: credit cards, car loans, student debt, alimony, child support, etc.
3. Current or realistically expected income or assets (such as bonuses or overtime).
4. Current employment status (and length of employment).
5. Monthly payment for the property.
6. Monthly payment on miscellaneous loans.
7. Monthly payment for related obligation, such as the Condo or Homeowner’s Association, insurance, and taxes.
8. Credit history.

Since some people who qualify for a loan today will not qualify sixty days from now, it simply makes sense to buy in December before the new loan requirements go into effect. Contact me today if you’d like the contact information for Crofton area lenders my clients have recommended or if you have any questions for me about real estate in the greater Crofton area.

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Crofton MD Real Estate Update – October 2013

Crofton Maryland Real Estate – October 2013

Crofton home sales were down in October, whether you’re counting new contracts or closings on contracts written in previous months. This is not surprising, given consumer uncertainty with everything from health care to job security, because the real estate market tends to be a good barometer of consumer confidence. The real estate statistics for Crofton, the greater Crofton area, Anne Arundel County, and Maryland seem to confirm that local consumer confidence was in the tank last month.  Let’s look at Crofton’s numbers:

L&F Sign Margaret-cropped

Crofton Home Sales

The barometer I tend to use for anticipating the real estate market in coming months is “balance” in supply and demand – how many new listings vs. how many closed and pending sales.  If the number of new listings is lower than the sales, the market is likely to tip in favor of home sellers because there will be greater competition for their home and buyers will have fewer options.  If the number of new listings is higher than the sales, sellers will be competing to attract buyers and we can expect to see lower prices and more days on market.  Given this explanation, let’s look at new listings in October:

Crofton Home Listings

Crofton Home Prices

On a much brighter note for home sellers, prices on sold homes were up last month!

What all this means to you

Crofton Home Buyers – It looks like you’ve caught a break.  Just as interest rates and home prices started creeping up and the inventory started shrinking, the Crofton real estate market hit the brakes.  You have another opportunity to step into home ownership while the tide is in your favor.  Don’t blow it this time!

Crofton Home Sellers – Don’t throw in the towel just yet, because the numbers are still better than we’ve seen in recent years and there’s no guarantee of a quick turnaround.  This may be the best market that home sellers will see for a while, so hang in there…. price your home conservatively, hire a professional stager to make your home appeal to likely buyers, and choose an experienced agent who knows how to overcome the challenges of any real estate market.

 

 

 

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