A slow week after Labor Day saw Crofton MD with four houses going to settlement. Once again, three of the settlements were in the price range below $250,000. This is the price range which is the sweet spot for first time home buyers. The fourth house was a nice Colonial priced at $403,000.
So what did last week tell us about potential future settlements? Three houses in Crofton MD moved to the Contract stage. At this point, all contingencies are removed and settlement is approaching.
No houses went under contract with a kickout.
Five houses went under contract with no kick out. Some contingencies still exist but a contract with no kick out is pretty solid.
Three new rentals became active last week in Crofton MD. Monthly rental prices ranging from $1,325 to $1,800.
Eight houses became Active in the Crofton MD market. Three of them priced below $300,000 continue to provide a good selection of inventory to choose from for first time homebuyers.
This is just another reminder for first time home buyers that the $8,000 tax credit is set to expire on November 30th. You should be out there seriously looking in order to be able to settle before November 30th. You still have a little time but don't delay.
If you're not already working with an agent to get into your first Crofton MD home, I can help. Just call me at your convenience at 443.995.9595.
Overall, not a bad week for Crofton MD home sales.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
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Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
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Hi Rich:
It has been a bit slower since Labor Day here as well.
But I had two buyers that I worked with yesterday, and an offer came in on one listing...
So, not bad..considering...
GOOD MORNING RICH! OK - "ask a stupid question day" isn't until next week -- but can I bump that day up to today and ask .... what is a kickout? I think I know - but I'd rather really know for sure! Thanks -- Gab
I do like to see the stats from other areas!
thanks
your friend in Charlottesville Virginia!