Are You a House Flipper? Take This FREE Class in Millersville, Maryland

Learn more about flipping houses the RIGHT way at tomorrow's FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

Learn more about flipping houses the RIGHT way at tomorrow’s FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

There’s a lot more to “flipping” houses than most people realize. Unless you’re an all-cash buyer, one of the biggest hurdles to overcome is securing funding for your renovation project. If you’d like to learn more about the basics of financing for real estate investors, CHARTER TITLE and KELLER WILLIAMS FLAGSHIP OF MARYLAND are holding a FREE CLASS on the subject tomorrow, Feb. 3. The class will cover:

– finance options for investors;

– ideal property types;

– equity based loans;

– seller financing and seller second loans; and

– commercial financing options.

The class will be held in the Keller Williams Flagship office training room, 1111 Benfield Blvd., Suite 250, Millersville, Maryland, 21108. Class time is 10 am until 11:30 am, and light breakfast refreshments will be served.

 

For more information on the class, or on investment property purchases in general. contact Jerry Kline, Realtor, Keller Williams Flagship of Maryland, at (443) 924-7418.

 

Hope to see you there!

Sold in Odenton Maryland’s Lions Gate Neighborhood!

542 Greencrest Lane in Odenton Maryland

542 Greencrest Lane, located in the Lions Gate community of Odenton, Maryland, was recently sold by Jerry Kline, Realtor, Keller Williams Flagship of Maryland. The home sold in four days for $11,000 more than the asking price.

542 Greencrest Lane, located in the Lions Gate community of Odenton, Maryland, was recently sold by Jerry Kline, Realtor, Keller Williams Flagship of Maryland. The home sold in four days for $11,000 more than the asking price.

Congratulations to my seller clients, Jo Ann & Robert King, on the sale of their townhome in Odenton’s Lions Gate community, located five minutes south of Fort Meade, Maryland. The home, featuring three finished levels, a two-level deck and a quiet location in the back of the neighborhood, sold in four days for $11,000 more than the asking price. There were multiple bids submitted by interested parties.

Sold as a fixer-upper, the new owners will be replacing the carpet and appliances and repainting much of the interior. The home includes three good-sized bedrooms, two-and-a-half baths, a fenced yard and a stone patio.

Thanks for all your help and patience through the home sale process, Robert and Jo Ann!

If you or someone you know needs help buying or selling a home in the greater Annapolis/Baltimore/Washington, D.C. area, call Jerry Kline, realtor with Keller Williams Flagship of Maryland today! (443) 924-7418

More Underwater Home Owners Are Refusing to Do Short Sales

Short sales have fallen sharply over the last few months after the expiration of a key tax break at the end of last year. Also, rising home prices have made lenders less likely to grant a short sale, The Wall Street Journal reports.

Underwater Owners Refusing Short Sales

Study: Five Types of Distressed Homes Have the Deepest Discounts

The study by RealtyTrac analyzed residential property sales transactions for the year ending March 2014 to pinpoint the types of distressed properties that sell at the largest discounts, comparing factors like foreclosure status, occupancy status, equity and the year the home was built.

5 Types of Homes With Deepest Discounts

Hassaan Mansoor Closes His New Home Purchase!

Jerry Kline (left) , a Realtor with Keller Williams Flagship of Maryland, congratulates client Hassaan Mansoor on the purchase of his new home in Bowie, Md.

Jerry Kline (left) , a Realtor with Keller Williams Flagship of Maryland, congratulates client Hassaan Mansoor on the purchase of his new home in Bowie, Md.

 

 

 

 

 

 

 

I’d like to take a moment to thank and congratulate Hassaan Mansoor on the purchase of his new home in Bowie. Hassaan is a first-time home buyer and was married just a few months ago to his lovely bride, Sana. The couple was a lot of fun to work with — patient, decisive and responsive. Much happiness in your new home, Hassaan!

For Those Who Held On, Equity Has Returned

A new report shows that a borrower who bought a median-priced home in 2004 and held it for nine years – the average tenure in a home – would now have $28,114 in equity (including combined price appreciation and paying down mortgage principle). Home owners who purchased in 2006  and 2007 – during the peak of the market – are “nearly in positive equity” territory.

For Those Who Held On, Equity Has Returned

Jerry Kline Helps John Murray Buy 1804 Scaffold Way, Odenton

John Murray (right) and Jerry Kline, Realtor, celebrate John's purchase of 1804 Scaffold Way in Odenton, MD.

John Murray (right) and Jerry Kline, Realtor, celebrate John’s purchase of 1804 Scaffold Way in Odenton, MD.

Congratulations to John Murray on the purchase of his new single family home at 1804 Scaffold Way in Odenton, just across from Ft. Meade, MD. John is a friend and investor who enjoys rehabbing houses.

John cited my “positive attitude, attention to detail and professionalism,” in describing his home-buying experience with me. “I always felt like I was Jerry’s most important client,” John said.

John is in the process of totally updating this property, and he will soon be putting it back on the market for resale. Contact me for more information on this great property; it’s in a great neighborhood and will be offered at a great price! Call Jerry Kline (443) 924-7418.