More Expensive Than Expected

Posted Posted in buying, FHA MIP, FHA Mortgages, first-time buyers, homebuyers, mortgages, real estate

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the […]

Single-Family Homes for Rentals

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, Maryland real estate, Maryland's Eastern Shore real estate, Queen Anne's County real estate, real estate, Talbot County real estate

Single-family homes used for rental property have distinct advantages over other types of investments. An investor can borrow 75-80% at fixed interest rates on appreciating assets with definite tax advantages and reasonable control. The financing alone is attractive compared to some investments that require 50% cash and have floating rates at prime plus for one […]

Anne Arundel County Real Estate Inventory by the Numbers

Posted Posted in Annapolis, Annapolis, MD real estate, Anne Arundel County real estate, Homes for Sale, Housing prices, Maryland real estate, real estate, selling, Uncategorized

Here is an interesting look at the homes available for sale in Anne Arundel County shown in table format displaying the number of homes for sale by price range. These numbers were accumulated just before the 4th of July 2011 Holiday. Price Range Number of Homes For Sale Price Range Number of Homes for Sale […]

Preparing for a Home Inspection

Posted Posted in Annapolis, Annapolis, MD real estate, Anne Arundel County real estate, buying, Charles Kraus, Chesapeake Bay area real estate, first-time buyers, homebuyers, homes, Homes for Sale, Maryland real estate, Maryland's Eastern Shore real estate, Queen Anne's County real estate, real estate, selling

To prepare for a home inspection, it is always advisable for the seller to provide clear access to all of the following: Attic(s) Crawlspaces Heat Systems Garage Walls Furnace Electrical Panel and all other areas that will need to be inspected. If the house is vacant be sure all utilities are turned on such as: […]