Fort Meade Real Estate

It was another amazing month for Fort Meade real estate sales with double digit increases year over year for total sold volume, slow but steady increase in home prices and huge 32% decrease in days on market. Well priced and presented (professionally staged is best) homes in the area are receiving multiple offers within days. The Fort Meade Homes Team just had our #7 multiple offer sale listing of the year (in Piney Orchard). We're talking to customers who have been waiting for the market to ... Read Full Post

In an attempt to recoup massive losses from foreclosures and short sale the Federal Housing Administration (FHA) has announced new loan guidelines to become effective with case nunbers issued on the dates listed below. * Increased Monthly Mortgage Insurance Premium by .10 percent on new loans and .05 percent on new loan amounts above $625,000 ( This would mean about a $25 increase in payment on a $300,000 home) beginning with FHA case numbers assigned on or after April 1, 2013 These changes t... Read Full Post

Unaccompanied junior service members stationed at Fort Meade are going to have some wonderful new options for housing. Anyone familiar with the barracks at the base knows that current accomodations for these folks are woefully inadequate and outdated. The new apartment complex wil be known as "Reece Crossings" and is the first ever privately developed apartment community intended exclusively for military use. Reece Crossings will offer 432 apartments including 1 bedroom and 2 bedroom units wi... Read Full Post

Rental homes near Fort Meade, MD are in high demand. And prices are rising steadily. Yet many Landlords choose to "go it alone" in finding, screening and placing a tenant. Worse yet, many do it from afar because they are assigned to a new duty station. The cost to have a professional on our team provide these services for you is one month's rent. And that includes: * Expert presentation of your property with a 35mm digital slide show * Listings on over 50 local and regional websites including... Read Full Post

If you are a military home buyer near Fort Meade you'll want to know that the VA is reducing the maximum loan limits in most of our area from $520,000 to $500,000 effective for all contracts written on or after 1/1/13. This is going to exclude a lot of VA home buyers in our area from purchasing luxury homes, which are often priced over $500,000, without adding a downpayment through the jumbo program. Had this move been made 12 months ago I would have understood it better as prices were decrea... Read Full Post

The market cooled just a bit in November but that is a normal seasonal change as everyone is preparing for the Holidays. Still we saw a 33% increase in the volume of sales (down from last months 41%) and a 5.45% increase in the median sold price. Listing inventory was down this month by 21% and the battle cry amongst Realtors is "we need new listings". If you prepare your home properly and price it right multiple offers could be the result. We just listed and sold a short sale property in the... Read Full Post

How great is the news for the Fort Meade real estate market? Well it was double digits all the way in Anne Arundel County. In the month of October the total sold volume of homes was up 41% over last year. The average sales price is up almost 12% and the number of homes sold is up 26%. There were only 2,528 homes for sale which is a decrease of 22% over last year. Low inventory is driving multiple offers on the best prepared and priced homes. If you've been thinking of buying a home near Fort ... Read Full Post

At some point in your home purchase process, you'll be asked whether you want to purchase title insurance to protect your interest in your new home. While most lenders make it mandatory that you purchase coverage to protect their interest, your policy is optional but highly recommended. While most insurance offers protection agains future events such as a car accident or property damage, Title insurance covers you for any issues that may have been attached to the property before you purchased... Read Full Post

If you've been looking for a great rental home near Fort Meade MD you've probably noticed that supply is low. Fort Meade and NSA provide an ample supply of home renters that are transferring in year round. So while some communities have Seasonal market lulls we generally aren't one of them. Just a month ago rental homes were being snatched up with multiple applications in hours, not days and some homes were even go for more than asking price. If you are a Fort Meade home owner and you've been... Read Full Post

The upward sales trend that started the year continues in a pretty substantial way. 478 homes were sold and settled in the Fort Meade Real Estate market area of Anne Arundel county in April 2012. That represents an increase of over 12% compared to the same period last year. And a whopping 23% increase over March 2012. That broke down as follows: Condo/Townhome/Duplexes 121 sold with an average sales price of $255,500 (-07% from 2011)Single Family Homes 357 sold with an average sales price of ... Read Full Post