Baltimore Real Estate Video Blog with Lee Tessier

The Baltimore Real Estate Market Is Buzzing!

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 would like to take a minute to wish everyone a happy New Year! I hope your holiday was fantastic. Since the holiday season, we've experienced a booming housing market here in Baltimore.

We're seeing an extremely busy market from buyer activity and low inventory. It's busier than usual because it's warm outside and interest rates are going up. Last month, the Feds raised their rates 0.25%. While this hasn't affected mortgage rates yet, they are predicted to continue to climb over the next couple quarters.

A 1% interest rate increase might not seem like much, but if you're a buyer, you're purchasing power goes down 10%. That means if you're looking at $300,000 homes and the rates go up 1%, you can only afford to look at $270,000 homes. Take advantage of the market now while rates are still low.

Inventory is a little dismal right now. However, more homes are coming onto the market now that the holidays are over. Homeowners have been prepping their properties for the market over the winter to list in the spring.

If you're thinking of selling, my team and I can do a market analysis for you to go over. We also offer marketing, staging, and professional photography. We recently added a Matterport Camera, which allows home buyers to take a 3D tour of your property online.

If you're thinking of buying, we also have access to a lot of homes that are not on the market. We work with Wells Fargo foreclosures and investors who rehab and sell homes, so we have access to those as well.

Finally, if you have any real estate questions at all, give us a call or send us an email. We would be happy to help you!

How We Helped Richard Rainer Sell Their Home in a Week

"Everything that they did was quick as far as putting our house up on the market and the house sold with a contract within seven or eight days after being on the market. Joe, who was representing the house, did a great job of communicating back and forth with everything throughout the process. They were always on top of everything, and were always one step ahead of everyone else."

How We Helped Peter Marsh Sell His Home Despite a Challenging Market

"They are a very professional, comprehensive, and warm group of people to work with. Lee is a consummate professional and understands the market well. He understands whats going on and keeps you in tune with what is going on, even if its after hours. He'll call you and return your calls continually. I can't say anything but great results and great feedback. He was constantly thinking additional strategy, with different ways to market the house. When certain things weren't' working, he would continue to use his resources, people and ideas to try and find new ways to expose the property, and discuss strategy. It was a continuum of staying focused on the task at hand, which was getting the house sold in a tough market."

How Lee Guaranteed a Sale for Peggy Stein

"The results were great! They were very cooperative, and emotionally soothing when we were fretting about stuff. My home had been up for sale for several months, and had lots of showings but no offers. It was pretty miserable, and we knew we couldn't retire until we sold. Lee knew this, so he took us into his office and wrote up a guarantee sale for us, and that gave us a lot of emotional support. It really took the monkey off our back, I guess you could say."

Happy Holidays from the Lee Tessier Team

We're very grateful to have the opportunity to be part of a successful real estate team, and that's why we like to give back to the community as often as possible.

This year we've managed to buy shoes for 45 children in the Baltimore area for the Harford Family House's Christmas Shoe Drive. If you would like to donate or make a contribution, please don't hesitate to contact us.

We'd also like to thank for your help this year. We couldn't have sold 300 homes this year without your patronage and referrals. We expect to sell nearly 340 homes this year and we expect to do at least $90 million in sales.

Keep in mind that the market in Baltimore is still moving at a fairly brisk pace, so if you want to hop off the fence, now may be the time. Don't hesitate to reach out if you're in need of advice.