Friday, December 24, 2010

Selling During the Winter Holiday Season

Holiday festivities abound at this time of year. If your home is on the market, your celebrations may feel constrained by the need to keep your home ready for a showing at a moment’s notice. Your family’s favorite holiday decorations may have been replaced this year with less traditional winter décor. Fortunately, your efforts to reach out to potential buyers could definitely pay off in the long run!

During the time leading up to the winter holidays, people refocus their priorities on their home and family. There is a feeling of wellbeing that is not always present throughout the year. The arrival of the New Year brings a sense of starting over. Consequently, most sellers and brokers who have sold a home during the holiday season remember the experience as a positive one.

Buyers are in short supply during this time of year, but some people have no choice but to purchase a home due to relocation or family changes. Sellers may need to be more flexible in their selling price and other areas of the negotiations, because buyers are in high demand. 

However, there are far fewer homes on the market during the winter holiday season. The net result of all these combined factors really depends on the home and the potential buyer. When your home offers the features and amenities that a potential buyer is looking for, you are more likely to sell it quickly in the winter than during the spring or summer buying season.

Your home may be looking its best this time of year. Exterior blemishes might be hidden by a layer of fluffy snow and your front door is probably adorned with a festive wreath. You may have a beautiful tree adorning your front windows and a fire crackling in the fireplace. Your home may smell festive with the scents of baking, pine, and other holiday aromas. There is no better time to show your home to potential buyers than when you already are paying careful attention to your home’s appearance. Think of it as doing half the work that you would need to do during the summer.

One trick for selling during the winter is to use incentives. If you can cover the buyer’s closing costs, or a portion thereof, you may attract potential buyers to your home by advertising this information. Some real estate agents advise their winter sellers to offer a “decorating allowance” (a.k.a., a cash bonus) for purchasing their home during the winter months. Other  real estate agents call this a “landscaping allowance,” since in most areas the buyer  will  be unable to view the home’s landscaping until spring thaws the layer  of snow  that covers it.

The best news for sellers who decide to place or leave their home on the market during the winter holiday season is that people rarely “browse” homes at this time of year. Those potential buyers who visit your home are serious about buying it and are often in a hurry to do so.
This simplifies your job as a seller. With serious buyers and an already festive décor, you are well on the road to selling your home!

Ask your real estate agent for valuable insights about wintertime selling, as well as tips that can be useful for preparing your home for sale regardless of the season. Real estate agents have experience with home sales throughout the year and they know what attracts buyers in your specific area.

Scents of the Season Potpourri Recipe
Make your home smell its holiday best with this quick potpourri recipe made from ingredients that you probably already have in your pantry!
INGREDIENTS• 3 cinnamon sticks
• 3 bay leaves
• 1/4 c. whole cloves
• 1/2 lemon, halved
• 1/2 orange, halved
• 1 qt. water
PREPARATION Combine all ingredients in a saucepan and bring the mixture to a boil. Reduce heat and simmer as long as desired. Check the pot often and add water as needed. The mixture may be stored in the refrigerator for several days and reused.

Thursday, December 23, 2010

Christmas Baby!!!-Border Collie/Cattle Dog Mix: An adoptable dog in Chester, MD


Border Collie/Cattle Dog Mix: An adoptable dog in Chester, MD

Medium • Baby • Female
Entered 12-15-10
12/22/10 Adoption Pending
Carol and her brother Dickens just recently arrived to ARF from an area shelter. She is quite socialable, and loves attention. She will soon be spayed, mcro-chipped and she is up-to-date on her shots. She is about 8 weeks old.

More about Carol

Up-to-date with routine shots • Primary colors: Black, White or Cream • Coat length: Medium

Carol's Contact Info

Animal Resource Foundation Inc, Chester, MD

Wednesday, December 22, 2010

Cute as the Dickens!!!


Cattle Dog/Border Collie Mix: An adoptable dog in Chester, MD

Medium • Baby • Male
Entered 12-15-10 12-18-10 Adoption Pending
Dickens just arrived from an area shelter with his sister Carol. Dickens is very socialable and loves attention. He will soon be neutered, he is up-to-date on shots and micro-chipped. He is about 8 weeks old.

More about Dickens

Up-to-date with routine shots • Primary colors: Brown or Chocolate, Yellow, Tan, Blond or Fawn • Coat length: Short

Dickens's Contact Info

Animal Resource Foundation Inc, Chester, MD

Lawrence Yun- NAR Chief Economist- Q&A

NAR Chief Economist Lawrence Yun answers some additional questions from the Economic Issues and Real Estate Business Forum

Monday, December 20, 2010

Earnest Money 101

Earnest money is the buyer’s way of letting sellers know that he or she is serious about buying a home. Earnest money is a sign that buyers are willing to put their money where their mouth is. Often the amount of earnest money is unimportant. In other cases, the more earnest money offered to the seller, the better.

How do you know how much to offer? A good rule of thumb to follow with earnest money is to never offer more than a liquidated damage clause will cover. In most areas, buyers and sellers sign a purchase agreement at the time that an offer is accepted. These agreements usually include a clause stating the percentage of the purchase price that can be claimed in damages by the seller should the buyer cancel the sale for any reason. This protects the buyer from having to fight for reimbursement if he or she has offered more than the standard 3% in earnest money.

The story is different in a seller’s market.
The 3% calculation is a safe bet for both parties, but the rules change quickly in a seller’s market. Sellers often receive several competing offers on their home. They need to determine which buyer is the most serious buyer and they often judge this by the amount of earnest money offered.

Earnest money is NOT a down payment.If you are new to the home-buying process, you may not realize that the earnest money you offer is not a part of your down payment. Rather it is a payment made to let the seller know that you want to buy his or her home. You do not give the money directly to the seller. In most cases, the funds are returned to the buyer so that they can be used toward the closing costs.

Give the earnest money to a trusted third party.In today’s day and age, you need to know where your money is going and protect yourself from theft. Unfortunately, people are not always who they claim to be. Make an earnest-money deposit with a known real-estate brokerage firm or an attorney who agrees to place your deposit in a temporary trust.
Get a receipt for your earnest-money deposit and ALWAYS ask questions before making the deposit. These questions should cover the refund policy and when the money will be released.

Know the local laws.You cannot be expected to know every little rule about real-estate transactions in your area. Therefore, work with a real estate agent who knows the area and the applicable rules. Some topics to research include return policies, damage clauses in the event of cancellation, and release procedures. These all vary by location.
Some areas require the signatures of both parties before earnest-money funds can be released to either party. With a successful sale, this is rarely an issue and the money is released to the appropriate party at the specified time. However, if the contract is canceled or if a dispute arises, this requirement could cause trouble.

SummaryResearch the area to which you are planning to move before determining how much earnest money you will offer. Never give that money directly to the seller. It is important to work with a licensed real estate agent to protect your interests and make your home-buying experience as successful as possible. Avoid hassles and unnecessary worries by learning more about what you are required to offer in earnest money and how the deposit needs to be structured to best protect your interests.


Wednesday, December 15, 2010

Dog Beaches & Parks on Kent Island

Yes, there is a lovely spot where you may take your dog for a swim! A winding trail through the woods ends at the Dog Beach, on the sandy banks of Chesapeake Bay. Parking is permitted in the Matapeake Clubhouse lot; however, pets are not allowed at the clubhouse, its lawn, or the public beach. The pet trail begins at the fence that borders the rear of the clubhouse. Enjoy your visit and please bring along a plastic bag to clean up after your pet to ensure that this park stays open and available to dog lovers, while not posing a public health issue for the families using the public beach

Island Dog Park has two fenced areas, one for little dogs anther for larger breeds. Each is equipped with agility equipment for your dogs please. The park also offers benches, picnic tables, and a water fountain designed to serve both people and dogs!

Searching for a Rental Unit?

Rental Properties

Dina | Baxter | Rosendale Realty | (410) 643-2166

Tuesday, December 14, 2010

Find Local Foreclosures Now- Request by County

The current market conditions provide a lot of opportunity for those looking to attain a more cost effective property! Use this FREE information as a guide for your foreclosure purchase as well as a list of possible properties. Click below for details!

 Rosendale Realty - Kent Island | Dina Baxter |  605 Main St. Suite 100, Stevensville, Maryland
Phone: (410) 643-2166 | Fax: (410) 643-2324

Housing Stats- November for QA County

QA County Housing STATS-November