Work in Progress

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Now that I have made the bump to a more editable site on Bluehost…this site will be a work in progress for now. I like this theme, but I am not completely sold on it yet. So don’t be surprised when you come back the next time there is a new look. Thank you for your patience.

The process was pretty easy after I figured it out…Stressed for a few weeks about doing it!!!!

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October 24, 2007 · Filed Under Frederick MD Real Estate

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Maintenance this week

I am moving this blog and domain over to Bluehost hosting service today. I am hoping to be back up by tomorrow and have a Friday post ready for you.

http://gotbob.wordpress.com will always be up even after the move.

http://FocusOnFrederick.com will hopefully be functional tomorrow.

Wish me luck.

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October 24, 2007 · Filed Under Uncategorized

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What is your definition of a bad housing market?

I sit here and watch the national media and the local media tell everyone we are in the worse housing slump ever. The market is horrible…the sky is falling! Falling for WHO?

I continue to get search engine hits like; “How bad is the Housing Slump in Frederick” “Are prices declining in New Market” “What is the average days on the market in Brunswick” “How to save from going to foreclosure” People are concerned, but still sitting on the fence, because the media telling everyone it’s the worse time to buy.

Early 2000s…houses were selling like crazy, buyers were backed up at the door writing contracts on the hood of the agent’s car, interest rates were low, lenders were writing loans in their sleep…We were in a “great housing” market? For WHO?

Frederick County has more than 2300 homes on the market, Washington County has almost 1500 homes, Montgomery County has more than 5900 homes, Howard county has more than 2000 homes, and Carroll Countyhas more than 1200 homes. That is almost 13,000 homes with in 35 mile circle of the Frederick Area.

It’s not bad for the media. Real Estate magazines are fatter than they have every been, there are more are more ads in a Saturday and Sunday edition of the Frederick News Post and the Thursday edition of the Gazette. There are signs on every corner on the weekends saying “Look at ME!!!” “Look at ME!!!” So really who is this market bad for?

Definitely not the Buyers…First time home buyers and those that are looking for a second home or even a vacation property. Sure, it maybe a little tougher getting a loan today, but here again tougher that what? You have to do more that just breath to get a loan today. And you know what, once you sign the papers on this loan, you shouldn’t have a worry in the back of your mind that you can’t actually afford it. Lenders have tightened up their requirements after the debacle that we living through right now. There isn’t anything called “Creative Financing” anymore. It’s more like this: Good Credit + Real Income + (optional) Down Payment = Loan to Dream House.

Again who is it bad for? Home owners that have bought their home in the last couple years and are trying to sell now. Home owners that have fallen victim to bad loan advice and have not corrected it. It’s bad for investors that are dumping their properties to get out of them. (We are not dealing with the Stock Market) It’s really bad for those that have to get out of their home quickly due to financial burdens.

My advice…buy now! But only buy, if you plan on living in your home for the normal time of 3-7 years. Your home is a long term investment, not a short term high risk investment. Buy the house because your family will grow up loving the area. Prices are low, inventory is high…you have choices and homes are being presented in the best shape they have ever been in…why? They want to sell to you. Go Shopping!!!

Related posts;

Buying A House in Frederick MD What do you need to know?
Buying a house in Frederick Part two
Buying a Home in Frederick - Home inspections Part III —

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October 22, 2007 · Filed Under Frederick MD Real Estate, frederick real estate

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Foto Friday in Frederick

Can’t be anymore vague than this, originally uploaded by gotbob.

Todays Foto comes from my mobile phone blog. As you know I like to stop for ice cream every once in a while. I know, I know…Bob where do you put it…you’re so skinny!!! I mentioned this ice cream store in a previous post, but I didn’t talk to much about it…Well, I not here either…well, maybe a little. This sign is located in the Beef-n-Buns-n-Paradise. (Formily know as Cheese Burgers in Paradise…Jimmy Buffet stopped that when he opened up his chain of restaurants) Not too long after this change the original owners sold the business and headed down south…they did that a lot. Nice couple, the only thing I can remember about him was his Handlebar Moustache…waxed to perfection.

The new owners just as nice (without an old fashion moustache, I haven’t seen her yet) have kept the same atmosphere. The food is good and the ice cream is wonderful.

They do have set hours, but I’m just glad they are open when I get there.

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