Gaithersburg MD real estate listings and homes for sale, home buying, home selling information – A-Team Home Sales

Recent Trends in the Real Estate Market

Thinking about buying a short sale?

June 15th, 2009 5:02 PM

Most buyers do not know what short sales are until they start home shopping. Most of my past buyer clients then ask me, "Why do they call them short sales if they take so long to purchase?". I have created this "short" video to explain what a short sale and how to structure an offer to purchase one. Hope this helps. Enjoy the show!

Posted by Adam Iobst on June 15th, 2009 5:02 PMPost a Comment (0)

Home Buyer Radio Show - Understanding the home buyer tax credit

June 29th, 2009 7:59 PM

Did you purchase a home in 2008, 2009, or planning to later this year? If so, please take a few minutes to listen this recent interview with CPA, Lisa Feinman. Lisa explains who is eligible, what you'll receive, how the credit is received, and more. Enjoy the show.

Posted by Adam Iobst on June 29th, 2009 7:59 PMPost a Comment (0)

Home Buyers Radio - Loan challenges when buying short sales and bank owned homes

June 25th, 2009 3:45 PM

Listen has Curt Hall of First Home Mortgage explains the financing options and challenges to purchasers that are considering buying a short sale or bank owned property.

Posted by Adam Iobst on June 25th, 2009 3:45 PMPost a Comment (0)

May/June 2009 Real Estate Trends Market Report - Washington DC Metro

June 23rd, 2009 7:21 AM

Absorption Rate

The absorption rate increase in May to 19% from 18% in April. This increase marks the fifth consecutive month where the absorption rate has increased. As a matter of fact, the current absorption rate is the highest it’s been since March 2007!

Days on Market

The average time to sell a home remained the same last month. It still takes about three months to sell a property in the current market. I expect to see an increase in the in the days on market due to the anticipated number of short sale (pre-foreclosure) homes sold this year. These transactions may take months to close and therefore may increase the overall average days to sale homes for the area.

Sales Price

The average sales prices in the region increased slightly last month. Northern Virginia experienced the biggest jumps in market value.

Fairfax County ($420,482; .8.91% jump)

Arlington County ($518,227; 4.13% jump)

Baltimore County ($265,407; 1.43% jump)

Montgomery County ($425,163; .24% drop)

Prince Georges County ($241,997; 1.28% drop)

Washington D.C. ($489,047; 5.42% drop)

I expect to see property values to remain relatively flat for the entire 2009 year!

Number of Sales

The number of sales increased 19% in May! This is trend that we see almost every year. The number of sales normally peaks in June every year. The good news is that we are experiencing more sales this year than last year. We have had more sales this Spring than Spring last year.

Download Our Trends Report

Posted by Adam Iobst on June 23rd, 2009 7:21 AMPost a Comment (0)

Home Buyer Radio Show - Buying Short Sales and Bank Owned - Settlement Attorney, Robert Moses of Home Team Title

June 18th, 2009 10:33 AM

Do you know what a "short sale" is? How about a REO, Foreclosure, or Bank Owned? Earlier this week I interviewed settlement attorney, Robert Moses of Home Team Title. I asked "Bob" for tips for home buyers that are considering buying a "short sale" or bank owned property this year. I hope you find this interview informative and helpful. Enjoy the show!