Monthly Archives: August 2009

Back to school for Howard County students!

Today marks the start of the 2009-2010 school year for Howard County students, faculty and staff. We wish all of the students, faculty and staff a fun and prosperous school year.

Below is list of the upcoming Back-to-School nights:

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Preview the Fall 2009 Issue of The Northrop Team Home Collection

The Northrop Team is proud to announce the Fall 2009 issue of The Northrop Team Certified Home Collection is now available! This custom magazine allows us to keep one step ahead of our competition and showcase all of our active listings, in full color, to potential homebuyers across the Baltimore/Washington area.

Over 30,000 printed copies are currently being distributed in coffee shops, restaurants, metro stops, hotels, dry cleaners, and other high traffic locations near you. Be sure to pick up a copy, or click below to view a cutting edge, digital, flip-through version!

As you know, The Creig Northrop Team has devoted ourselves to ensuring that ALL of our properties receive the highest level of service at all times and we will continue with these extraordinary expectations throughout the coming year.

Sincerely,

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Ellicott City MD Named Best Place for Pet Lovers to Live!

Nearly 40 percent of American families own at least one dog, a pet that demands some green space. Cat, rabbit, bird and other kinds of pet owners aren’t so concerned about space and weather, but they are affected by local and state regulations that limit where pets are permitted and what kinds of vaccines they need.

U.S. News & World Reporttook all these issues into account when it created its list of best places for pet lovers to live. It also considered the number of dog parks, proximity of large academic veterinary centers and legal tolerance for pets in public spaces like beaches, outdoor restaurants, and public parks.

Here are their top-10 pet-friendly choices:

  1. Ellicott City, Md.
  2. Rocky Point, N.Y.
  3. Auburn, Ala.
  4. Butte, Mont.
  5. Yankton, S.D.
  6. Lewiston, Idaho
  7. Glasgow, Ky.
  8. Aiken, S.C.
  9. Flower Mound, Texas
  10. Wolf Trap, Va.

Search for your new home in Ellicott City.

Source: US News & World Report, Kimberly Palmer (08/17/2009)

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How will you know if you are priced correctly?

The Northrop Team is the area’s leader when it comes to pricing your home right from the start. And we do everything we can to help your home stand out, and sell quickly at the best price, with no hassles. But the one thing we cannot control or change is the market.  Even though we know how valuable your home is, the value of your home from a selling standpoint will be determined solely by the buyers.  To give you a better understanding of whether or not your home is priced correctly we’ve outlined the following “Levels of Seriousness.”

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Don’t Miss Our Upcoming Webinars This Week!

It’s your last chance to register for our upcoming real estate webinars.

First Time Home Buyers will learn about finding their perfect home, getting prequalified with a reliable lender, and all the details about the $8,000 First Time Home Buyer tax credit! Join us Tuesday, August 11th at 7:30pm.

Already have a home on the market, but wondering why it isn’t selling? Join us for “Why hasn’t my home sold” to learn how to sell your home fast from Maryland’s #1 Real Estate Team. Join us Wednesday, August 12th at 7:30pm.

View more information, or click to register.

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Price it Right From the Start!

Homes are selling, inventory is down and it’s crucial now more than ever to price your home right from the start.

Since your best activity occurs during the first few weeks your home is on the market, setting the right price early ensures your home being compared favorably with the competition. Once a buyer has seen your home and ruled it out, because of price, normally they don’t check back later to see if you have adjusted your price. By then, they have usually made an offer on another house and you lost your opportunity.

Setting the price, “a little higher” because you are “not in a hurry” or you may want room to negotiate may sound like a very realistic strategy but…according to the National Association of Realtors, the longer a home sits on the market unsold, the bigger the discount from the asking price the seller usually receives when the home is finally sold.

Interested in a no-obligation market analysis? Tell us about your home.

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Pending Home Sales Rise for 5th Consecutive Month

Uptrend Continues in Pending Home Sales

Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to NAR (National Association of Realtors).

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent above June 2008 when it was 88.7. The last time there were five consecutive monthly gains was in July 2003.

Lawrence Yun, NAR chief economist, said a combination of positive market factors is fueling the gains. “Historically low mortgage interest rates, affordable home prices, and large selection are encouraging buyers who’ve been on the sidelines. Activity has been consistently much stronger for lower priced homes,” he said.

“Because it may take as long as two months to close on a home after signing a contract, first-time buyers must act fairly soon to take advantage of the $8,000 tax credit because they must close on the sale by November 30,” Yun said.

Here are the regional figures from the Pending Home Sales Index:

  • The Northeast rose 0.4 percent to 81.2 in June and is 5.8 percent above a year ago.
  • The Midwest increased 0.8 percent to 89.9 and is 11.6 percent above June 2008.
  • The index in the South jumped 7.1 percent to 100.7 in June and is 8.9 percent higher than a year ago.
  • In the West, the index rose 2.9 percent to 100.4 but is 0.2 percent below June 2008.

In addition MRIS, the local MLS service, just released their Mid-Year 2009 Trends report. View the highlights and download the report.

The Northrop Team had a record breaking month in June, selling 122 homes.

Source: Realtor Magazine (August 4th, 2009)

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