We Specialize In These Baltimore Area Communities

Harford County - Aberdeen - Jerrettsville - Edgewood - Perry Hall/ White Marsh
Bel Air - Forest Hill - Churchville - Aberdeen Proving Ground (APG)
Kingsville - Abingdon - Fallston - Havre de Grace

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Important Financing Changes in 2015



There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions.

This year we're going to see some significant changes in real estate financing, all of which could impact your buying power. These changes could greatly impact your Baltimore or Harford real estate transaction, so I'd like to share and explain to you what is going on and how these changes may begin to affect you. I've outlined a few below, but always feel free to reach out to me with further questions - these changes can sometimes be complicated. 
  • FHA has Reduced their PMI by 0.5% on a Monthly Basis: This means that on a $200K home you could expect to pay about $80 less per month, which increases affordability with interest rates now falling in the low 3% range. However, rates could jump to 5% by the end of the year, which gives buyers another reason to act now instead of later. 
  • Grants for First-Time Home Buyers: There are currently a lot more grants available for first-time home buyers. FHA, CDA, FHLB, USDA, and many more are available, but make sure you're using a good lender to get these loans. Be sure to contact us for access to some of our preferred vendors in the Baltimore or Harford area. 
  • FHLB is back: Funding begins on January 20th and the income limits will be slightly higher this time. The grant is once again a maximum of $5,000, though $7,500 is available for firefighters, first responders, police officers, teachers and licensed health care workers.
  • Loan limits for Fannie Mae and FHA have increased: Up to $517,500 from $494,500 in most areas, but some are even higher. That means lower down payments on some higher priced homes, which really helps with affordability.
  • Fannie Mae has come back out with a 3% down purchase: There are two kinds, one for first time buyers that offers a reduced mortgage insurance premium. Be sure to ask us about the other.

There have been more other important developments in regards to financing, so please be sure to give us a call so you don't end up paying more for your home than you really have to. 

Also, if you have any further questions or would like to know more about how the Baltimore or Harford real estate market is shaping up, be sure to call or email us. We'd be glad to assist you.

What Will Happen in Real Estate in 2015?


There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions.

Baltimore Real Estate Agent
Today I just wanted to do a quick market update for you on what happened in 2014, and what we expect 2015 to bring us. This year was great for us. We ended up selling 274 homes, and took great pride in providing excellent customer service to all our clients.

We expect 2015 to be a fantastic year in real estate. This is the year that we will really see millennial buyers come out in droves. With all the new first-time home buyers entering the market, it will be an opportunity for those of us who already are homeowners to move up into a newer, better home.

Buyers have been taking advantage of low interest rates for quite some time now. In the next 3 quarters, they are expected to rise as much as 1%, so keep that in mind. Just a 1% increase in mortgage rates will decrease your affordability by about 10%.

Another thing to keep an eye on is the 3% down payment loan options that will be coming on the market. FHA, Freddie Mac, and Fannie Mae are each coming out with 3-3.5% down payment mortgage options for first-time home buyers, or for anybody who can't afford a large down payment.

A few more important points for you to remember:
  • With low oil prices, energy costs are going to remain low this year. 
  • If you've been thinking about investing in a rental property or two, now is a great time. For a $1,000 a month payment, you can rent out the property for $1,300 or $1,400 a month. 
  • A stronger economy will give consumers more confidence in the coming year.

If you have any questions for us at all, we would be glad to answer them. Just give us a call or send us an email.
 

Join us for Our Annual Pie Giveaway!


There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Hey there everyone. Today we just wanted to remind you that we are once again doing our annual Pie Giveaway. We have a ton of apple and pumpkin pies to give away and we are very excited for you to share these delicious desserts with your family and friends.


To pick up your free pie, join us at Liberatore's Ristorante on Tuesday, November 25th from 4-7 p.m.

To get a free pie, all you have to do is let us know by sending an email to Rose@LeeTessier.com
by Tuesday November 18th, and let her know whether you want apple or pumpkin. You can also give us a call at (410) 638-9555 to reserve your pie as well.

To pick up your free pie, join us at Liberatore's Ristorante on Tuesday, November 25th from 4-7 p.m. We will have the bar reserved, with food and an open bar for you all.

So if you want to have some good food, a few drinks, and pick up your free pie, RSVP to Rose@LeeTessier.com by Tuesday November 18th! We hope to see you there!

Baltimore and Harford County Real Estate Market Update for Fall 2014



There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Thanks for joining us once again. We want to give you an update on what's going on in the market right now. We have been extremely busy throughout the summer due to the market lagging behind this year by about 5 or 6 weeks. The Spring season, which usually begins in early March, didn't start until April. Like we said, the summer was extremely busy for us but it allowed us to make up for a lot of lost time. This July was our best month ever as we sold over 40 homes.

 Here are some market statistics you should be aware of in Harford and Baltimore Counties:
  • The average days a home is on the market in Harford County is 80 days. Our team's average is 29 days 
  • The average list-to-sell ratio in Harford County is 95.2%. Our team averages 98.44%. We are listing our homes much more appropriately and getting more money for our clients than most other agents. 
  • In July in Harford County, sales were down 6.5% from July 2013. Our team saw a record month, increasing our July output by 22% from July 2013.
You hear a lot of different statistics and numbers in the news. Take those with a grain of salt. A lot of statistics are misleading, so you should seek out the advice of a local expert so that you can decipher all of the information out there. A local expert knows the market, and is someone to trust with helping you make real estate decisions.

If you have any questions about the market or about anything else, please give us a call or send us an email. We'd be happy to get you going in the right direction!

The Difference that Proper Staging Makes


There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Welcome back everyone! Sorry we've been AWOL as of late, it's been a real busy summer for us. We settled 48 homes last month and have been keyed in on the hot market. Now is the time of the year where things cool down a little bit; vacations are ending, kids are going back to school, and less people are active in the market.

What we want to share with you today is some before and after pictures of homes that we have taken over and professionally staged. You will immediately notice the stark contrast  between the appearance of these homes before and after they went through our own personalized staging process. Little things like de-cluttering, painting neutral colors, and getting rid of personal items and pictures can go a long way in getting your home sold.

We want to demonstrate how we are different from your average agent. We treat your home the same way we treat ours when we sell them. One big step is getting professional photography and staging done for your home - it makes such a difference in the buyer's perception of your home that it's hard to put a value on it. We can't emphasize enough just how much of a difference it makes.

If you have any questions about how we can do this for your home, give us a call or send us an email. We would love to help.