Patterson Park Issue #13: September 2009
Kimi Aghevli, REALTOR
Just Listed Listed in September 2802 E Baltimore - $375,000 4 BR/2.5 BA 112 N Lakewood - $259,900 3 BR / 1 BA 109 N Belnord - $169,900 2 BR/1 BA 2808 Fairmount - $120,900 2 BR/ 2 BA
Contract List Price At Time of Contract – Sale Price Available Post-Settlement
112 N Linwood- $249,000 3 BR/3 BA 21 N Curley - $99,000 2 BR/1 BA 3018 Pratt - $239,000 3 BR/2.5 BA 240 N Milton - $124,900 3 BR/3 BA
Recent Sales Settled in September 100 N Decker - $275,000 2 BR/2.5 BA 20 N Ellwood - $199,500 2 BR/2.5 BA 110 N Kenwood - $105,000 3 BR/2 BA 116 S Potomac - $155,000 2 BR/2 BA 3002 Pratt - $96,500 3 BR/2.5 BA 120 Rochester - $172,000 3 BR/1.5 BA
For more information regarding these or other real estate transactions, or to get a free comparative market analysis for your home, email or call me!
October 2009 A community needs a soul if it is to become a true home for human beings. You, the people, must give it this soul. -
Pope John Paul II
Issue #13 September 2009
Kimi Aghevli, Realtor
Upcoming Events in the Park Cooler days, longer nights, orange leaves…Halloween is in the air! But as pumpkins start appearing on neighborhood stoops, don’t start playing tricks just yet, because there are plenty of treats in store this month. Keep up to date on events at my neighborhood blog: http://pattersonparkpatter.blogspot.com October 3rd (Saturday) Enjoy this beautiful fall weather and get our park pretty! Join Audubon to Weed the Native Butterfly Garden or Friends for a Boat Lake Clean Up, both at 8 a.m. meeting at the boat lake. October 4th (Sunday) Only 4 weekends remain to climb the Patterson Park Pagoda so come on out to see spectacular views every Sunday from noon to 6 p.m.
Haunting Our ‘Hood In Baltimore, certain neighborhoods become known as holiday destinations – Hampden’s “The Ave’” has become synonymous with Christmas, while Mount Vernon is the place to welcome spring with FlowerMart. Not only does this bring fun and festivities, but also brings new faces in to our community, showcasing our great neighborhood AND brings neighbors together in a shared fun project. Why not put our neighborhood on the map? What if we all made an effort to go ALL OUT this Halloween to decorate our houses leading up to the Great Halloween Lantern Parade (October 24 th ) and Halloween?
This Halloween, I challenge you to make us the most haunted ‘hood in all of Baltimore!
October 10th (Saturday) Head to the NW corner of Linwood and Baltimore for the Patterson Park Marathon Party to cheer on the runners of Baltimore’s Running Festival! Bring food and drinks to share. Starts bright and early at 9 a.m. October 12th (Monday) Head to St. Elizabeth’s for the monthly PPNA meeting, beginning at 7 p.m. October 20th (Tuesday) Take advantage of our neighborhood library at this year’s One Maryland, One Book community discussion of Song Yet Sung by James McBride at 6 p.m. Visit www.prattlibrary.org for more information. October 23RD (Friday) LANTERNS AND LIBATIONS BENEFIT MASQUERADE. Please visit http://event.pingg.com/LibationsnLanterns for additional details and to RSVP. October 24th (Saturday) Join the 10th year of community-made magic at the Lantern Parade with a new route, 1200+ lanterns, stilt walkers, constellation stars,. Ribbon rockets, floats and the Big Bone Band! Come early for the first ever pre-parade festival. Visit www.lanternparade.org for more info. October 31st (Saturday) Have a safe and happy Halloween! Get in the spirit at 10 a.m. with Audubon’s B is for Bat family program. Email PPAudubon@gmail.com for info/registration 2
Kimi Aghevli, Realtor
Issue #13 September 2009
Featured Real Estate Article:
Sellers: Consider Owner Financing Excerpt taken from article by Blanche Evans, CEO of Evans Emedia, Inc. and publisher of The Evans Ezine. Award-winning journalist Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and twice recognized as one of the most "Notables."
In today’s tenuous banking environment, many home buyers are being turned away by lenders Read more: http://www.realtown.com/articles/view/sellers-consider-ownerfor reasons other than their credit. Lenders are looking much more strictly at the properties for financing#ixzz0Sn2a40MO sale, and whether or not those homes meet new appraisal standards. Further, lenders are keeping more loans on their own books, which makes them reluctant to make non-conforming loans. These include non-occupying home buyers (investors, secondhome owners,), those requiring jumbo loans (above $417,000), and those buying a unique home for which comparables are scarce. Financing issues mean your pool of home buyers is much smaller. One way you can attract more buyers is by telling your REALTOR that you are willing to offer owner financing. Owner or seller financing simply means that you allow your buyer to purchase your property over a fixed period of time, and that you receive the principal and interest payments directly from the buyer. In other words, you become the buyer’s banker. The solution isn’t for everyone, but if you don’t need the equity in your home as a lump sum at closing, owner financing allows you to earn a tidy monthly income, by collecting interest as well as principal payments toward from the sale of your home. All it takes is a willing seller and buyer and a good real estate attorney to structure the terms and write the contract. You can service the loan yourself, or use a mortgage servicer that specializes in seller financing such as Noteworld.com. A mortgage servicer handles all the details, from providing payment coupon books to the buyer to collecting the payments, assessing late fees, reporting the interest paid by the buyer to the IRS, all the way to buying your note when you want to sell. The advantages to both buyers and sellers are flexible terms and lower closing costs. Sellers can also defer capital gains, if it applies, as well as a lump sum that could put them in a higher tax bracket the year of closing. Seller financing isn't risk free, but with the help of professionals such as your REALTOR®, you and your buyer should be able to put together a mutually satisfying transaction.
The current housing market offers unprecedented opportunities for first-time and move-up buyers alike. Call or email me to talk about your best move. Kimi Aghevli
410.925.6625/410.732.3030
KAghevli@YWGCrealty.com 3
Kimi Aghevli, Realtor
Issue #13 September 2009
www.pattersonpark.ning.com
Join Your Neighbors Online!
Let’s connect online! Share your favorite restaurant, plan a party, or search for a babysitter down the street…all at your fingertips! By joining this social network you not only enable yourself to get to know your neighbors and your neighborhood better, but you also strengthen our community. Search listings, neighborhood information, buying and selling tools and additional resources and more from my website: www.ywgcrealty.com/kaghevli
Or just call or email me and I can do the work for you!
You can plan events, upload pictures, share news, and discuss neighborhood issues in a forum. So log on today and encourage your friends and neighbors to do the same! I look forward to seeing you there!
Questions about this issue? Ideas for what you’d like to see in the next? Have something you want me to share with the neighborhood? I want to hear from you! Whether it’s to find out about buying or selling a home, or to tell everyone you’re happy to babysit or dog walk, contact me anytime via email, phone, mail, or a knock on my door. And of course, if you, a neighbor, a family member or a friend is looking to buy or sell real estate, please call to see how I can help. I can’t wait to hear from you!
KIMI AGHEVLI PATTERSON PARK’S NEIGHBORHOOD REALTOR 9 South Linwood Avenue Baltimore, MD 21224 KAghevli@YWGCRealty.com (410) 925-6625 Cell/(410)732-3030 Office www.YWGCRealty.com/kaghevli www.pattersonpark.ning.com This information is deemed to be accurate but is not warranted