LEADING REAL ESTATE & HOME PROFESSIONALS

I’ve seen national news stories of prices falling, should I wait to buy?

While it’s true that portions of the country have experienced falling prices, that’s not true everywhere. Just like there isn’t one national weather forecast, there is not one national real estate market. Real estate is local and even within local markets, there are micro pockets that can have even wider differences. If you look at just Anne Arundel County for the first six months of 2022 versus 2023, you will find that the average price was $532K in 2022 with 36 days on the market and a selling price 102.1% of the original asking price. 2023 is $561K with 32 days on market and 100.3% selling price. If you’re curious about your specific needs, ask a professional.

My husband and I bought our house before the wedding, is there a benefit to retitling our real estate?

Yes, owning a property as husband and wife (tenants by the entireties) creates certain creditor protections that Tenancies in Common and Joint Tenancies don’t have. The ownership does not automatically change when you get married, you will need to record a new deed to get the benefits.

As always, consult with your attorney and tax advisor whenever changing ownership of your assets.

Feel free to reach out for a quick conversation about your real estate needs with an experienced Real Estate Attorney.

Call Cooch, Bowers & Schuller to discuss in more depth. 410-974-1900.

M. Clare Schuller, Esq. Progressive Title / Cooch, Bowers & Schuller

How do you handle and resolve any potential issues or complications that may arise during the sale?

No matter who your agent is, where your home is located, or what the local market conditions currently are, you can be sure that unexpected hiccups will arise. While experience matters, every transaction is unique and will require different approaches. Staying informed about the local real estate market, new regulations, and the state of the economy helps us anticipate potential complications and ways to address them. Collaborating with other professionals in the industry, including but not limited to, lenders, home inspectors, title companies, contractors, allows us to leverage their expertise to arrive at quicker resolutions. Years of negotiation experience helps us put our clients’ interests above all else while coming to a mutually acceptable solution for all parties. Most importantly, remaining calm, positive, and professional allows us to keep our emotions in check, so we are confident in every choice we make.

Jack Papaleonti, GRI/Realtor®

The Anchor Team of Academy Realty

My present interest rate is low, why would I want to move now and pay a higher rate?

There are many reasons why you would do that. Home sales have slowed down making the possibility of getting that dream home more of a possibility. It may be advantageous to pay a higher payment now to obtain the home you want and reap the benefits later. Rates are cyclical and refinancing down the road is always possible. Plus, most people move from pain to pleasure, so your move will probably put you in an area or home with a better chance of appreciation. The longer you wait to get there, the larger the gap between what you have and what you want can widen making the leap more difficult or impossible.

Dominic Cantalupo

Long and Foster Real Estate, Inc.