Monthly Archives: February 2011

Military Home Buyer Tax Credit Expiring Soon!

Time is running out for active veterans who served on an official, extended duty service outside of the United States for at least 90 days during the period of December 1st 2008 through May 1st 2010. Members who qualify will be granted an extension on the Home Buyer Tax Credit that expired September 31, 2010.

In other words, any active veterans who served overseas for over 90 days between  the aforementioned dates can qualify for the same home buyer tax if they are in contract to purchase by April 30th, 2011 and complete the transaction by June 30th, 2011.

Interested in more information? Contact our Director of Government Relocation today.

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Filed under Maryland Real Estate News

Be Our VIP Guest at the Maryland Food, Libations & Luxury Home Show

Come join us for FREE at the Maryland Food, Libations & Luxury Home Show at Turf Valley Resort in Ellicott City this Saturday, February 19th and Sunday, February 20th from 11:00am to 5:00pm.

Click the image above to download your free tickets.

The show will feature more than 200 elegantly appointed design vignettes. In addition to viewing the latest in luxury design, there will be opportunities to taste and purchase delicious gourmet food. And for those over the age of 21, the Maryland Food, Libations and Luxury Home Show also offers an exciting tasting option. Fine wines, liquors and artisan craft beers will be paired with tastings from some of the area’s best restaurants to satisfy every palate.

Stop by our booth for fantastic giveaways and to enter to win a fabulous prize!  We look forward to seeing you soon!

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FHA Extends ‘Anti-flipping Waiver’

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s ‘anti-flipping rule.’  The extension is intended to accelerate the resale of foreclosed homes in neighborhoods struggling to overcome possible property abandonment and blight.

With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days.  Early last year, FHA temporarily waived this regulation through January 31, 2011.   On Friday January 28th FHA posted a notice extending this waiver through the remainder of 2011.

This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

The extension is effective through December 31, 2011, unless otherwise extended or withdrawn by FHA.

To protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver continues to be limited to those sales meeting the following general conditions:

  • All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
  • In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.

Ready to start your home search?

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Filed under Mortgage News

Home Sweet Home Open House Extravaganza

Save A Date For Us

Join us on this weekend for an open house extravaganza! Over 45 properties will be open for your viewing pleasure. Preview the list below or visit our Open House Gallery for the most updated list with dates and times.

Anne Arundel County

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Save the Date

As the Steelers and Packers gear up for the Superbowl, our team and our sellers are gearing up for the Superbowl of Open Houses.

Next Sunday, February 13th from 1-3pm, over 30 amazing homes will be open. Fall in love with your new home this Valentine’s Day weekend.

If you are not in the market to buy, but are thinking of selling, come interview us. Selling a home without interviewing the agent first is like going on a blind date! We are who we say we are, and we’re ready to prove it. Come visit us at one of our open houses. There are homes to fit any price range.

Want a sneak peak at what’s going to be open? Check back on Monday for an updated list.

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