Buying a Home in Montgomery County, MD

Buying a home requires careful planning and I take this job very seriously. Many factors can affect the present and future value of a home. I can help you find the right home, help you negotiate for the best home price, and give you a report of the homes in the neighborhood, what is being offered and what they've sold for in the recent months. I can also provide you with a list of reputable lenders with programs that will best fit your needs for this process. I am an Acredited Buyer's Agent. I will help you throughout the buying process and do everything possible to make sure you have a smooth, stress free experience in buying your home, whether it be your first or you're moving up OR buying investment property.

Maryland Real Estate by Pamela DuBois: Home prices are low, interest rates are low - real...

Maryland Real Estate by Pamela DuBois: Home prices are low, interest rates are low - real...: "Home prices are low, interest rates are low - real estate is basically having a summer clearance sale! But unlike buying a clearance-priced ..."

Home prices are low, interest rates are low - real estate is basically having a summer clearance sale! But unlike buying a clearance-priced car or computer, making the wrong move in this real estate sale can have disastrous effects, from losing your dream home due to a bad bid to ending up with a money pit of a property. Here are a few money-saving, pitfall-avoiding tips and tricks for buyers who want to do some smart home shopping this summer.

If there's work to do in the home, get an estimate of what it's going to cost you from a professional in the field instead of estimating yourself. This will give you a clear idea of whether the property is worth it or not once you have an estimate of how much it's going to cost you.

Know the market and the area where you are buying so you don't over-bid on a property that is a foreclosure or short sale. There may be more than one offers on those homes.

Check with reputable lenders on rates and programs that will help with the lowest monthly payment.

It's a great time to buy, the rates are low and there are some great deals out there. Take advantage of the owning your first home or moving up into another home.

Maryland Real Estate by Pamela DuBois: The most important thing to look for when you are ...

Maryland Real Estate by Pamela DuBois: The most important thing to look for when you are ...: "The most important thing to look for when you are shopping for a mortgage is the interest rate, right? Not necessarily. There are many other..."

The most important thing to look for when you are shopping for a mortgage is the interest rate, right? Not necessarily. There are many other factors to consider, including the lender's charges for making the loan, the terms under which the loan will be approved, and the lender's reputation for timely completion of loan applications to meet purchase agreement deadlines.

When I'm involved in sales transactions, I will give you companies that have a good reputation and can get the job done for you. I can provide the names of established lenders in the area who have provided good service to my customers. They can give general information about the different mortgage options that are available today. Using a low interest rate as the main criteria for choosing a mortgage could cost you money--and perhaps the home you want--if the company cannot deliver on its promises.

I make sure you work with someone that is reputable and can give you market rates. They believe in helping you get the best rate and will help in making sure it's stress free as possible.

Maryland Real Estate by Pamela DuBois: Mortgage Rates are Lowest in Decades - Buy a home ...

Maryland Real Estate by Pamela DuBois: Mortgage Rates are Lowest in Decades - Buy a home ...: "While nobody can accurately predict what the future holds for mortgage interest rates, the fact remains that they are historically low. It ..."

Mortgage Rates are Lowest in Decades - Buy a home NOW

While nobody can accurately predict what the future holds for mortgage interest rates, the fact remains that they are historically low. It is difficult to justify the risk in floating when the excellent rates currently available are a sure thing.

Timing is one of the most important factors in success. Unfortunately, knowing the perfect time to lock in a loan is impossible until after the fact. While analysts constantly try to predict the future, the bottom line is they continually fall short in terms of accuracy. Recent history is a testament to this. At the end of last year analysts overwhelming predicted low rates for the months ahead. The first quarter of this year saw rates generally increase. Fortunately there has been a recent reprieve but things still remain volatile. The movements over the past 5 months show the challenge of making predictions.

The good news is that the current low interest rates are here now. It is possible for rates to improve. However, if rates move higher, they are likely to spike fast and furiously with inflation fears looming. A cautious approach is necessary to protect against market volatility.

Take advantage of these lows rates while they last. Don't wait for it to go lower because it may just go up. A risk that may not be worth it.