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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How Do the New TRID Guidelines Affect You?



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.

Today, I want to touch on some big changes coming to the industry that were supposed to begin August 1.
 The new lending guidelines, or TRID, have been pushed back to October 3. Some forms are merging to be more consumer-friendly, and there is one form that is altogether new. These guidelines were put forward by the Consumer Financial Protection Bureau in order to make the closing process easier.


There will be a transition period once TRID goes into effect in October. The biggest changes are on the banking side, as there will be a lot more disclosure that will be done up front as you're going through the lending process. This will make it a bit easier on you, as you will not have a bunch of forms put in front of you that you might not understand.

These changes are all based on loan applications submitted after October 3. If you put a contract on a house after October 3, you'll have to abide by these new regulations, whereas if you write a contract application in late September, you will abide by current regulations. Once the changes go into effect you will have to get your documents to the settlement company at least three days prior to settlement, so there will no longer be last-minute document exchanges.

If you would like more information about these changes, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!

What's Going on in the Baltimore Market


  
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.

I want to take the time today to wish everyone a happy Fourth of July weekend! I know a lot of you have Friday off and a long weekend ahead, and we hope you have a safe and fun-filled celebration. With that said, I want to give you a quick update on the Baltimore market. 

Prices are pretty flat in our area year over year, but sales are up 25% in Baltimore County and just over 30% in Harford County. The higher end market is still pretty slow, but the market generally has been pretty hot compared to 2014. There's a shortage of homes in the $200,000K-$300,000K range, so if you have a home in that range, you may benefit by listing soon.

If you have any questions about our market, or if you need real estate assistance of any kind, feel free to reach out to us at any time. We're always here to help!

Thanks, and have a safe and happy Fourth of July!

Have You RSVP'd to Our Client Appreciation Party?



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.

As a thank you to all of our loyal clients, we want to invite you to our annual movie event! This year we are very excited to treat you to a screening of Jurassic World at Loews Movie Theater White Marsh on Saturday, June 13.

In addition to treating you to one of the year's most anticipated blockbusters, we are going to have tons of freebies and other prizes for you to win as well. Movie tickets, popcorn, food, and beverages will be provided by our team as a thank you to all of our loyal customers.

On Saturday, June 13, meet us at the theater between 9:00 and 9:30 a.m., where we will have a complimentary breakfast for you. After that, you can test your movie knowledge with trivia from 9:30 to 9:45 a.m. Prizes will be given away!

RSVP soon, because space is limited. Let us know how many people will be attending with you by giving us a call or sending us an email!


In addition to all the above, we will also be drawing for a few extra special prizes, including a flat screen TV and a $400 Visa Gift Card. There are multiple ways for you to enter to win the gift card, here they are:

1. Schedule a time with us to do a video testimonial. To set one up, just contact Melanie in our office at (410) 638-9555 or send her an email at Melanie@leetessier.com

2. Pick two out of three of these sites, and complete a few reviews of our team online:

Zillow:
2. Click Write a Review (gray box)
3. Complete Form
4. Click Submit Review
Yelp:
2. Click Write a Review (red box)
3. Complete form
4. Click Post
Trulia:
2. Click Write a Review (orange box)
3. Select Service Provided
4. Complete form
5. Click Sign up & Post

If you have any questions for us, or want to RSVP to the event, give us a call or send us an email. We look forward to hearing from you!

What Trends Are We Seeing in the Baltimore Market?



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
The weather is warming up and spring is nearly here. Today we'll go over the latest numbers for Baltimore and Harford Counties as we head into the busiest season of the year.

In terms of closed sales, we have seen some great numbers so far in 2015. This year, closed sales are up by about 35% from where we saw them at this point last year.

Another trend we are starting to see is a lot more homes that are For Sale By Owner (FSBO's). If you are thinking of buying or selling a home like this, there are some pitfalls that you need to be aware of in the market.  


The first is overpricing your home. Coming in at too high of a price, especially as a FSBO, will either cause your home to sit on the market much too long, or you will find a buyer, go under contract, and then see the buyer back out at the last minute due to the price.

We have been seeing buyers make faster decisions than they ever have before. It's important to not make a snap judgement when buying or selling real estate, and it's important to do your due diligence as well.

One trend we have to mention is that FSBO homes fall through at nearly a 30% rate. When you are thinking about purchasing one of these homes, it's important to have guidance through the transaction so that you are ready to make your move when the time is right.

If you have any questions for us, feel free to give us a call or send us a quick email. We look forward to working with you soon!

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.