Annapolis Real Estate and Homes for Sale in Anne Arundel County, Eastern Shore and Waterfront Homes, Properties in the Surrounding Counties of Maryland
Thursday, December 3, 2009
Comparable Sales and Your Offer Price Part II
Comparable Sales in the Public Record
The most accessible source of information on comparable sales is the public record. When someone buys a home the property is deeded from the seller to the buyer. In most circumstances, this deed is recorded at the local county recorder’s office. They combine sales data with information already known about the property so they can assess property taxes correctly.
Provided there have been no additions to the property, the information available from the public record is usually correct regarding sales price, square footage, and numbers of rooms. This makes it easy to use the public record as a source of data for comparable sale information.
Accessing the data is another matter, at least for the general public. Real Estate Professionals can generally look up this information through title insurance companies. The title companies either compile the data directly from the county recorder’s office or purchase it from other companies.
One problem with the public record is that it tends to run at least six to eight weeks behind. Add another four to six weeks for the typical escrow period and you can see the data is not current. The most current information is the most valuable.
To Search For More Homes In Maryland? Just Click Here!
Pat Ogle and The AnnapolisHomes4You.com Team are dedicated real estate professionals specializing Waterfront Homes for Sale and Properties in Annapolis, Arnold, Severna Park, Edgewater , Anne Arundel County, The Esatern Shore, and the Surrounding areas in Maryland.
We specialize in Relocation! Click here to request our Free Relocation Package
We guarantee to sell your home in 60 days or less!
You can contact me at any time if you are interested in touring these properties, or any property.
Certified Residential Specialist / Certified Internet Marketing Specialist
The most accessible source of information on comparable sales is the public record. When someone buys a home the property is deeded from the seller to the buyer. In most circumstances, this deed is recorded at the local county recorder’s office. They combine sales data with information already known about the property so they can assess property taxes correctly.
Provided there have been no additions to the property, the information available from the public record is usually correct regarding sales price, square footage, and numbers of rooms. This makes it easy to use the public record as a source of data for comparable sale information.
Accessing the data is another matter, at least for the general public. Real Estate Professionals can generally look up this information through title insurance companies. The title companies either compile the data directly from the county recorder’s office or purchase it from other companies.
One problem with the public record is that it tends to run at least six to eight weeks behind. Add another four to six weeks for the typical escrow period and you can see the data is not current. The most current information is the most valuable.
To Search For More Homes In Maryland? Just Click Here!
Pat Ogle and The AnnapolisHomes4You.com Team are dedicated real estate professionals specializing Waterfront Homes for Sale and Properties in Annapolis, Arnold, Severna Park, Edgewater , Anne Arundel County, The Esatern Shore, and the Surrounding areas in Maryland.
We specialize in Relocation! Click here to request our Free Relocation Package
We guarantee to sell your home in 60 days or less!
You can contact me at any time if you are interested in touring these properties, or any property.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
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FHA wants buyers to have more "skin in the game."
Today's Washington Post outlined some of the proposed changes in FHA's guidelines. If these changes go through, we could see some significant changes making it more difficult to qualify. FHA wants buyers to have more "skin in the game."
Some of the proposed changes include:
Raising the minimum down payment from 3.5% to 5%
For More Valuable Real Estate Information visit: http://freereports.annapolishomes4you.com/
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
e-Mail PatOgle@AnnapolisHomes4You.com
Visit http://www.annapolishomes4you.com/
Blog AnnapolisHomes4You.blogspot.com
Please Don't Forget to Show Your Support for Our Troops!
Some of the proposed changes include:
Raising the minimum down payment from 3.5% to 5%
Reducing the max seller closing cost concessions from 6% to 3%
Raising the minimum credit score
Increasing the up front mortgage insurance premium- currently stands at 1.75% of total loan amount
Increasing the monthly mortgage insurance premium- currently stands at .55% per year of the total loan amount
If you plan to buy do not wait!
Please feel free to call or email me with any questions.
Read more at the Washington Post
For More Valuable Real Estate Information visit: http://freereports.annapolishomes4you.com/
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
e-Mail PatOgle@AnnapolisHomes4You.com
Visit http://www.annapolishomes4you.com/
Blog AnnapolisHomes4You.blogspot.com
Please Don't Forget to Show Your Support for Our Troops!
Arnold Maryland Homes 21012
Annapolis Real Estate and Relocation - Anne Arundel County, the Eastern Shore, and Surrounding Counties in Maryland
The Map shows the first 20 homes for sale. Begin Your Search By Clicking on any of the House Icons Below. Want to see more Homes for Sale or Create Your Own Search? Just Click Here!
To Search For More Homes In Maryland? Just Click Here!
Pat Ogle and The AnnapolisHomes4You.com Team are dedicated real estate professionals specializing Waterfront Homes for Sale and Properties in Annapolis, Arnold, Severna Park, Edgewater , Anne Arundel County, The Esatern Shore, and the Surrounding areas in Maryland.
We specialize in Relocation! Click here to request our Free Relocation Package
We guarantee to sell your home in 60 days or less!
You can contact me at any time if you are interested in touring these properties, or any property.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
Join Me on:
Please Don't Forget to Show Your Support for Our Troops!
Wednesday, December 2, 2009
Comparable Sales and Your Offer Price Part I
Determining Your Offer Price
When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure?
Determining your offer price is a three-step process. First, you look at recent sales of similar properties to come up with a price range. Then, you analyze additional data, such as the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you settle on a price you think would be fair to pay for the home. Finally, depending on your negotiating style, you adjust your "fair" price and come up with what you want to put in your offer.
Comparable Sales
The first step in determining the price you are willing to offer is to look at the recent sales of similar homes. These are called "comparable sales." Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase. Specifically, you want to compare prices of homes that are similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction.
If the home you are interested in is part of a tract of homes, then you will most likely find some exact model matches to compare against one another.
There are three main sources of information on comparable sales, all of which are easily accessed by a real estate agent. It is somewhat more difficult for the general public to access this data, and in some cases impossible. Two of the most obvious information sources are the public record and the Multiple Listing Service.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure?
Determining your offer price is a three-step process. First, you look at recent sales of similar properties to come up with a price range. Then, you analyze additional data, such as the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you settle on a price you think would be fair to pay for the home. Finally, depending on your negotiating style, you adjust your "fair" price and come up with what you want to put in your offer.
Comparable Sales
The first step in determining the price you are willing to offer is to look at the recent sales of similar homes. These are called "comparable sales." Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase. Specifically, you want to compare prices of homes that are similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction.
If the home you are interested in is part of a tract of homes, then you will most likely find some exact model matches to compare against one another.
There are three main sources of information on comparable sales, all of which are easily accessed by a real estate agent. It is somewhat more difficult for the general public to access this data, and in some cases impossible. Two of the most obvious information sources are the public record and the Multiple Listing Service.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
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Friend Me on:
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To Talk to Me Now Click Here!
PS: To Join Me As a Friend On FACEBOOK, Just Click Here.
Please Don't Forget to Show Your Support for Our Troops!
Annapolis Family Homes
Annapolis Real Estate and Relocation - Anne Arundel County, the Eastern Shore, and Surrounding Counties in Maryland
The Map shows the first 20 homes for sale. Begin Your Search By Clicking on any of the House Icons Below. Want to see more Homes for Sale or Create Your Own Search? Just Click Here!
To Search For More Homes In Maryland? Just Click Here!
Pat Ogle and The AnnapolisHomes4You.com Team are dedicated real estate professionals specializing Waterfront Homes for Sale and Properties in Annapolis, Arnold, Severna Park, Edgewater , Anne Arundel County, The Esatern Shore, and the Surrounding areas in Maryland.
We specialize in Relocation! Click here to request our Free Relocation Package
We guarantee to sell your home in 60 days or less!
You can contact me at any time if you are interested in touring these properties, or any property.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
Join Me on:
Please Don't Forget to Show Your Support for Our Troops!
Tuesday, December 1, 2009
Annapolis, MD 21409
Annapolis Real Estate and Relocation - Anne Arundel County, the Eastern Shore, and Surrounding Counties in Maryland
The Map shows the first 20 homes for sale. Begin Your Search By Clicking on any of the House Icons Below. Want to see more Homes for Sale or Create Your Own Search? Just Click Here!
To Search For More Homes In Maryland? Just Click Here!
Pat Ogle and The AnnapolisHomes4You.com Team are dedicated real estate professionals specializing Waterfront Homes for Sale and Properties in Annapolis, Arnold, Severna Park, Edgewater , Anne Arundel County, The Esatern Shore, and the Surrounding areas in Maryland.
We specialize in Relocation! Click here to request our Free Relocation Package
We guarantee to sell your home in 60 days or less!
You can contact me at any time if you are interested in touring these properties, or any property.
TOP RESIDENTIAL REAL ESTATE AGENT: LICENSED SINCE 1986
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
Champion Hall of Fame
Best of the Best 2003, 2004, 2005, 2006, 2007, 2008
National Sales Award, 2003, 2004, 2005, 2006, 2007, 2008
#1 in AOL, Comcast, Google and Yahoo
#1 Relocation site for Annapolis, Anne Arundel County
Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
Join Me on:
Please Don't Forget to Show Your Support for Our Troops!
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