Our home financing tips cover some of the many avenues through which you can purchase and finance a home in today’s marketplace. I talked to some local experts in the accounting and mortgage industries, and they shared options to consider when choosing the best one for you. Factors such as how long you intend to own the property, the down payment funds you have available and the fees you will incur are just a few items for consideration. To begin your Deep Creek Lake real estate search, you can contact me, Betsy Holcomb, at 301-616-5022 or email@example.com.
Home Financing – Mortgage Update Courtesy of Mike Archer, First Home Mortgage
According to Freddie Mac, the average 30 year fixed rate on 2/7/2019 was 4.41% with .4pts and 3.38% with .4pts on a 15 year term. Interest rates have dropped rather significantly following steady climb throughout the 4th quarter of 2018. The general consensus is that rates will likely level off and remain steady throughout 2019.
If you have contemplated a refinance, now is the time to investigate your options while rates remain historically low. I am finding that more and more clients are moving from a 30 year to a 15 or 10 year options to reduce the interest rate and pay their house off more quickly as they are now contemplating retirement. A quick phone conversation is all that is needed to evaluate your options.
If you looking to purchase a house and have less than 20% to put down? If so, don’t worry, First Home Mortgage offers several options that allow you to put down less than 20% and avoid paying mortgage insurance. We also have the option of using a 2nd mortgage to structure the loan so that both loans are under 80% of the property’s value and therefore do not require mortgage insurance. Continue reading Home Financing Tips from Local Experts
Venus Stark, REALTOR®, is the latest addition to Taylor-Made’s growing real estate division.
About Venus Stark
With over fifteen years of real estate experience, Stark has helped hundreds of buyers and sellers in Garrett County as well as neighboring Pennsylvania counties. She is an outdoor enthusiast with a passion for sharing her love of the area with her clients.
“I am native to the mountains and lakes, I have always enjoyed all the wonderful things the area has to offer. I am very fortunate to be able spend my life in mother nature’s playground surrounded by unlimited activities. I love the outdoors in all seasons from boating to snowmobiling,” said Stark.
She enjoys showing clients all there is to love about the area. Her goal is to be a valuable resource for sellers and buyers to make the real estate process enjoyable.
Why Venus stark Joined Taylor-Made
“Venus Stark has long been known as a top producing agent in Pennsylvania and Maryland, and we are very excited to have her back working with us at Taylor Made,” states Taylor-Made Co-Owner and Sales agent, Jay Ferguson.
Your Deep Creek Lake real estate update for August shows that pending sales are up 9% when compared to last year.
We had 24 homes under contract with an average sales price of $501,566 and heading to close soon. We had a great summer by helping 50 sellers move on to their next chapter and we had 50 buyers that fulfilled their dream of a new home in Garrett County and Deep Creek. Our sales volume for the summer topped off at $31.7 million in sales. We look forward to the cooler weather and all the festivals that come with it. It will bring in a whole new herd of buyers.
Buyer’s Tip: Ski season is coming up. Start looking at potential investment properties near the slopes before everyone else does. During the quieter fall season, it is easier to access homes that are for sale and also on the vacation rental market.
Seller’s Tip: Fall weather is a upon us bringing leaves and spider webs.We love the colors of fall — until we need to clean up the leaves. Maintaining curb appeal
becomes a challenge this time of year, but do your best to keep up with it.You never know when the right buyer will come along.
Taylor-Made’s Deep Creek real estate company is excited to announce that we have a new Broker of Record! Bob Carney, Sales Manager, recently obtained his brokers license!
In order to earn this designation, Carney successfully completed the required educational hours and the exam as outlined by the Maryland Real Estate Commission.
Deep Creek Real Estate Company Background
Taylor-Made co-owner and sales agent, Jay Ferguson, previously held this role since 2014 when the real estate division was originally launched. The company has grown rapidly in four short years, and he is pleased to pass the torch to Bob so that he can fully focus on his strengths – real estate sales and serving Deep Creek Lake area buyers and sellers. Continue reading Deep Creek Real Estate Company has a New Broker!
Flowers are starting to pop up for a late start to spring, trees are beginning to bud and the Deep Creek Lake real estate market is starting to wake up.
April 2018 Real Estate Update
The inventory in Garrett County grew a little to 338 homes but more importantly the sales are climbing out of the early year slump with thirty-eight homes sold in the past thirty days. Fourteen of them were lake area sales which is down over last year at this time, but still showing signs of a growing market.
The average sales prices was over $390,000 with the highest price sold being just under $1 million. Homes priced between $300,000 and $500,000 have been especially popular in the past few months. That has been a struggling market last few years as more of the higher priced homes were gathering more contracts.
Your best source is a local real estate agent. Let them guide you in the right direction. This market is starting to pick up and information on popular websites might not be updated. Let us help you find the perfect Deep Creek Lake home. Continue reading April 2018 Real Estate Update
Winter is still holding on and giving us a few more blasts of snow, just like our inventory of homes. The number of homes on the market is still lingering around 330 in all of Garrett county with a little more than half of them being lake area homes. The activity is typical for this time of year and has slowed down in the past couple of months.
Old Punxsutawney Phil said 6 more weeks of winter. He might be right this time, because someone has been shaking the snow globe here at the lake. We have had over 80+ inches for this winter!
Deep Creek Real estate Buyers tip
Low housing inventories begin to put the sellers in the driver’s seat. When the right property comes along, be prepared to make a decision fast. A good agent will be able to help you with preparation and finding the right house. Contact one of our agents today to get that process started. Continue reading February 2018 Deep Creek Real Estate Update
Buying lakefront real estate is a different experience than buying an ordinary home in a typical neighborhood. When you buy lakefront real estate at Deep Creek, you are also buying a way of life.
Buyers frequently ask our agents about lakefront real estate. Our experts point out all of the differences and things to be aware of. Here are some of their best tips to get you started on your Deep Creek Lake real estate search.
Secure Financing Early
Figure out your financing early on in the process. Unless you are paying in cash, you will need to obtain a mortgage. Getting pre-approved is key when buying a lakefront home. Lakefront home sellers are often advised by their agent to only accept an offer from a pre-approved buyer. Continue reading Tips for Buying Lakefront Real Estate at Deep Creek
Buying a home in the winter has its pros and cons. In this article, I’ll explain both sides to help you make an informed decision when you are browsing Deep Creek Lake real estate.
Some people to think that the summer is the best time to buy or sell. A ski in/ski out townhome might not have any issues selling in the winter. Meanwhile, a lakefront home at Deep Creek Lake may have more appeal in the summer. It depends on the specifics of the deal.
Pros of Buying a Home in the Winter
Motivated sellers. Agents often advise clients to wait until the spring to list their home. A seller who lists in winter likely really needs to sell. This can work to a buyer’s advantage. It can give you leverage when negotiating the price.