Open Houses in Frederick MD 8/25 - 8/26

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Here is a link to all the open houses scheduled in Frederick County for this weekend to include Condos, Single Family and Townhouses. They are sorted by least expensive to the most expensive scheduled open house.

Frederick County Open Houses <— Click here

August 25, 2007 · Filed Under Buyer, Frederick MD Real Estate, Middletown, frederick real estate

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Rentals in Frederick County Maryland

There has been a lot of focus on the sales in Frederick MD Real Estate. Let’s take a look at the rental market. Frederick County has been experiencing a good rental market in my opinion. As the Real Estate Market has its problems, rentals tend to pick up. Some sellers turn to the rental market for some relief. They have been waiting a long time to sell their house, but can no longer endure the monthly grief of making two mortgage payments. Don’t be surprised when you read through the list of current available rentals in Frederick, that you see it is also on the market to be sold. Don’t worry, once you sign a lease you have laws that protect you. You can read up on the Maryland Laws about Landlords and Tenants at Mitchie’s Legal Resources. There might be clauses included in your lease that allows the owner to take back possession of his property if he is transferred back to the area. This is called the Owner Transfer Clause. If the owner sells the house while you are occupying it, there is wording to protect you. Make sure you read your lease and ask questions before signing. Most disputes can be resolved by both parties if they agree ahead of time on the lease.

I still believe that homeownership is the way to go, but there are times and circumstances when renting your home is the best solution. If you only rent because you think you could never own, please call one of my Preferred Lenders. You might be surprised at what you can afford to buy. It might not be your dream home right off the bat, but it will be yours. If you are still looking to rent, I have provided you a list of current rentals in Frederick and also the websites to a few Property Management Companies that offer rentals. As always, if you have any questions, please don’t hesitate to contact me.

Information about the actual rentals were provided by Metropolitan Regional Information Systems.

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

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Market Conditions Frederick MD

Wow…what a whirlwind we are in right now. Countrywide was on the verge of Bankrupcy and the Feds stepped in and helped bail them out. I haven’t watched this unfold as closely as a my friend Brian Brady does. He is known as the Most Opinionated Mortgage Broker. I listen to him like most investor listening to Jim Cramer on Mad Money.

What I do know…something has to happen now that Federal Reserve Cut Discount Rate to 5.75%. For a while it was looking like like the rates were going to continue to increase. This will help the marginal buyer afford the home. Prices are still coming down in this Real estate slump in some parts of Frederick County but are pretty stable in some areas. We have an election coming up next year and most people have a feeling of confidence during this time. I would guess that this will help spark some sales in Real Estate around Frederick County.

Here’s some of the activity in the area. I accumulate these numbers from Metropolitan Regional Information Systems and RealtyTrac.