Real estate questions are important to ask when you are thinking about buying a home. The process can be daunting, but my years of experience help to put buyer’s at ease. I have heard just about every questions that there is. So, I put together a list of some of the most common real estate questions when buying a home.
Real Estate Questions & Answers for Buyers
How do I know what home I can afford?
The answer to that question is dependent on your income and financial obligations. Online calculators can help you get a rough idea. It is important to figure this out before you start browsing homes. Also, work with a lender to secure pre-approval for your home loan. That will make you a more attractive candidate to sellers as well.
How do I go about buying a home while selling my current home?
This can be a little tricky, but I help folks with this all the time. Keep in mind that if you buy a home before you sell the one you’re in, could be overextended financially. If your home sells before you buy, you might need to rent before while you secure a new home. You can also do both at once with a “sale contingency” in your contract. It states that you will only buy the home if you can sell the one you are in. This can be less attractive to your seller though.
The Deep Creek Highlands community is in the spotlight! It is popular with full-time residents, vacationers and Deep Creek Lake second home owners. Perched on a mountaintop, it offers privacy while still being within minutes from all of the action at the lake’s northern end.
About Deep Creek Highlands
Deep Creek Highlands is a gated community that offers the best of the lake and mountain lifestyles. Many of the homes have picturesque lake views and others are situated on spacious lots that offer some privacy.
Currently, I have two listings in this community that you will love. Both have those scenic lake views I mentioned. Also, they are favorite vacation rentals.
New listings are keeping me busy this spring! The market is blooming just like the local landscape. I’ve been working with local sellers to develop the right pricing strategies and to make sure their Deep Creek Lake homes are ready to list. Here are some of the highlights of my new listings in the Deep Creek Lake area.
3 New Listings
72 Jakes Drive is a spacious 5 bedroom, 6.5 bath log home. It is situated on 1.5 acres in the Red Oaks Community. The location is convenient for mountain and lake activities giving it great potential as a vacation rental. You will love being just 1.5 miles from Wisp Resort and McHenry Cove. That puts you close to restaurants, the grocery store, marinas and more.
Five propane fireplaces provide lots of mountain ambiance. Three levels of living space give you plenty of room to spread out. Additionally, there is a studio apartment over the garage.
This new lake front home for sale is truly something special. Located in the serene Pergin Farm community, 144 Hawthorne Lane is #LakeLife at its best. The Deep Creek Lake real estate market is starting to heat up. Homes like this don’t last long when buyers catch “spring fever” and start hunting for the perfect home.
Inside 144 Hawthorne Lane
The spacious interior of this new lake front home for sale includes five bedrooms and four baths. Nearly every room has windows that reveal beautiful lake views. Offering a desirable open floor plan, the main level has hardwood floors and lots of natural light. A massive stone fireplace highlights the great room.
In the kitchen, you will find an updated kitchen with a gas range and lots of counter space. One of my favorite features is the gas fireplace in the kitchen. It makes it a cozy space for hanging out with friends and family.
Upstairs, the master suite has a wall of windows overlooking the lake. The attached bath is completely updated as well.
The lower level has tons of potential as a second gathering space. It is carpeted and has a charming wooden window seat.
Outside 144 Hawthorne Lane
You will love the picturesque outdoor space! The deck overlooks the 1.47 acre grassy, level lawn that leads to the Type A dock. The waterfront stretches 175 feet. On-the-water fun will be at your fingertips. Also, this home is situated towards the lake’s quieter southern end. If you love to ski, it is only fifteen to twenty minutes from Wisp Resort.
My real estate listing tips are a guide to steer you in the direction of a successful sale. Spring is traditionally “listing season”. You want to be sure that you have all of your ducks in a row before hitting the market. Do what you can to make your property stand out from the competition. Lots of factors influence the time it takes to sell, but you can take steps to set yourself up for success.
Real Estate Listing Tips
1. Partner with an experienced agent. I am starting off with this because it really does have a significant impact. With 20+ years of experience with Deep Creek Lake and Garrett County real estate, I act as a resource for my sellers. They can rely on me for honest recommendations, consistent communication, an effective pricing strategy and effective negotiating skills. Don’t just take my word for it. Check out testimonials from my clients. Additionally, I have an extensive network of buyers. Also, I have a variety of property services at my disposal as a Taylor-Made agent. Our team provides housekeeping, lawn care, minor repairs, painting and more.
2. Freshen up your curb appeal. This is one of my top real estate listing tips for my clients. If a buyer doesn’t like the outside, they won’t look any further. Try to see your home through the buyer’s eyes. Of course, big items need to be addressed but look for the little things. Staining your deck, raking leaves, planting flowers can make a difference in your listing photos.
Offering a desirable open floor plan, it has great use of space. Gleaming hardwood floors carry throughout the main level living area. A propane fireplace makes the great room an inviting place to gather. Doors lead to the back deck that runs the full length of the home. The kitchen is a masterpiece with a propane range, granite counters and a center island with a vegetable sink.
There are five bedrooms and four baths. The master bedroom features a large walk in closet, double vanity and tiled shower. Additionally, there is a sauna which is accessible from the outside deck where the hot tub is located.
Your 2018 real estate market update is a look back at highlights from the past year.
Reflecting on 2018, the Maryland REALTORS® released a recap this week. Garrett County holds very close to these numbers with an average list to sale price ratio of 94% of asking price. Our average sale price for the county was $265,000 and approximately $537,000 for the lake area.
Buying a fixer upper can be a great way to get a property for less than the price of surrounding homes. However, it can be an intimidating undertaking with a lot of unknowns. To avoid unpleasant surprises that drain your wallet, it is key to have it properly evaluated before signing on the dotted line. Choosing the “right” fixer upper makes all the difference. Decide early on how much your budget, and patience, will allow.
Fixer Upper Flaws that Can Break Your Budget
Foundation, structural and roofing issues are just a few items that have a big price tag. Go into the project with open eyes. By partnering with a knowledgeable agent, you will have access to experts who can properly assess the property.
Additionally, replacing major systems like heating, ventilation and air conditioning can be costly. Issues like mold can be resolved but can also come back over time.
Consider the Location & Layout
Evaluate the potential of the fixer upper you are looking at. One of the most important factors is location. It should be just as desirable as a home that is in perfect shape. Seek out project homes in sought after areas. Check out neighboring homes to see if they are in good condition.
Deep Creek Lake real estate news shows good activity throughout the fall months, even with the small uptick in interest rates. As many of my clients realize, a slight rise in interest rates indicates that the market is healthy enough to sustain an increase. You can see that our average sold price is up considerably compared to last year, which correlates to the number of $1M+ homes that have sold in 2018. Another sign of a strong housing environment.
Taylor-Made Deep Creek Vacations and Sales marked their tenth anniversary in 2018! This is a great company to work for, and I am proud to be a co-owner of the real estate division. In addition to celebrating ten years in business, we recently completed the addition of 4,500 square feet to our office!
Taylor-Made Deep Creek Vacations and Sales History
Taylor-Made was started in 2008 by Jodi Taylor Refosco, her husband Joe and her brother Chad Taylor. Jodi and Chad had years of experience in the vacation rental industry. They worked for their parents at Deep Creek’s largest rental company until they sold it in 2007. Joe has a strong background in hospitality and also worked for the elder Taylor’s and played a key role in developing their in-house laundry facility. Continue reading Taylor-Made Deep Creek Vacations and Sales Celebrates 10th Anniversary!