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Patrick Smith

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 Rockville Makes Forbes' "Best Cities for Young Professionals" List!
May 25, 2017-- Another week, another "Best" list featuring Rockville! This time the "Silver Spring-Frederick-Rockville, MD Metropolitan Division" placed 13th in Forbes' list ranking best areas for young professionals. READ MORE...
 

 10 Ways to Save on Utility Bills this Summer 
May 18, 2017-- SoI gave in and turned on my AC yesterday...how about you? While I'm excited to escape the heat, I'm not excited to think about my summer utility bills. This article from RISMedia.com by Rob Caiello is a nice reminder of ways to cut down on the sting of opening your bills this summer! 
Here are the highlights and you can read the full article here... READ MORE...
 

World Flags Fly in Rockville to Celebrate Diversity
May 11, 2017--
You may have noticed some new flags in Rockville recently and will definitely be seeing more in the near future...193 to be exact! The flags will be up in time for Hometown Holidays and the Memorial Day celebration and parade. READ MORE...
 

Buying a Home: Do You Know the Lingo?
 May 4, 2017--Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, here is a list of some of the most common terms used when buying a home culled from Freddie Mac's online glossary of terms.  READ MORE...

 

 Your Tax Refund: Bring it Home! 
April 27, 2017--So, you're probably sick of hearing about taxes already...but, if you did get a refund, this is an interesting article. If you didn't, I'm sure this is a touchy subject but still worth reading, in my opinion, because it really can apply to much more than tax refund money. And I promise, no tax articles next week! Enjoy... READ MORE...
 


  Tax Return Depressing? Owning a Home Can Help 
April 20, 2017--Ahhh, taxes...the word doesn't inspire cheers 
and smiles from most people but since they are a fact of life, 
it's good to know how to make them less painful. Last week, 
no doubt, many Americans got some depressing news; either 
their tax return was not as large as they had hoped or, in some 
cases, they were told they owed additional money to either the 
Federal or State government...or both. As I'm sure you know, 
one way to save on taxes is to own your own home.
 READ MORE...
 

 Rockville Ranks High on Best Places to Live List! 
April 13, 2017--For the 4th straight year, Rockville has ranked
in the top 20 in Livability.com's list of the Top 100 Best Places to Live 
... coming in strong this year at number 13. For its list, Livability 
uses 40 data points to determine rankings in the categories of
economics, housing, amenities, infrastructure, demographics,
social and civic capital, education and health care. 
READ MORE...
 

 For Sale by Owner vs. Using a Realtor   
April 6, 2017--Did you know one of the founders of
ForSaleByOwner.com ended up using a Realtor after he couldn’t
sell his condo himself? Although we Realtors love this story, I say it
only to point out that, for a variety of reasons, people often end
up changing their minds about selling their own house. READ MORE...
 

 Renting or Buying... Either Way You're Paying a Mortgage 
(Either Yours or Someone Else's)
 
 March 30, 2017--There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s. READ MORE...
 

 Quiz: Are You a Smart Homebuyer?

March 23, 2017--"The more you know about the home-buying process,
the more money, time and hassle you'll save -- no matter what the
current real estate market is doing," advises Pat Mertz Esswein of 
Kiplinger. Test your knowledge with Esswein's quiz and click the link
at the bottom to check your answers. (Disclaimer: Number 9 was not an
original Kiplinger question!) READ MORE...

 

 
Mortgage Interest Rates Went Up Again…
Should You Wait to Buy?

March 16, 2017--Mortgage interest rates, as reported by Freddie Mac,
have increased over the last several weeks. Freddie Mac, along with 
Fannie Mae, the Mortgage Bankers Association and the National
Association of Realtors
, is calling for mortgage rates to continue to
rise over the next four quarters.  READ MORE...

 

 
Housing Market Expected to "Spring Forward"  

 March 9, 2017--Just like our clocks this weekend in the majority of the country,
the housing market will soon “spring forward!” Similar to tension
in a spring, the lack of inventory available for sale in the market right
now is what is holding back the market.
 READ MORE...

 

 
To Improve or not To Improve...
          
 March 2, 2017--A friend recently told me she'd been dreaming
about moving for a while but is overwhelmed by the work (and
money) she thinks it will take to make her house attractive to buyers.
I hear this often and, sadly, many people let this issue keep them from
moving on with their lives. My advice to her was the same as to
many others
do not put your dreams on hold! It is not 
necessary for your house to be "perfect" to put it on the market!
READ MORE...
 

2 Myths That May Be Holding Back Buyers

February 23, 2017--Fannie Mae’s article, What Consumers (Don’t) Know About Mortgage Qualification Criteria, revealed that “only 5%-16% of respondents know the correct ranges for key mortgage qualification criteria.” READ MORE...





A Happy Pair: Montgomery County 
Real Estate and Optimism

February 16, 2017--Owning your own home is, for many of us, a goal that’s been with us so long we don’t even question it. In addition to the economic advantages that come with real estate ownership, there are, for most, a host of corresponding emotional benefits—the sense of security and “belonging” within the community are just two. READ MORE...




Home Ownership Offers Stability and Wealth Creation

February 9, 2017--The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

 

     ♦  They want the opportunity to build equity.
     ♦  They want a stable and safe environment. READ MORE...




Thinking of Selling? Why Now is the Time.

February 2, 2017--It's common knowledge that a large number of homes sell during the spring buying season. For that reason, many homeowners wait to put their homes on the market until then. The question is will that be a good strategy this year? READ MORE...


 
 
 
 
 
 
 
 


How Low Interest Rates Increase Your Purchasing Power

January 26, 2017--According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! READ MORE...





Asking Price Decision is Crucial for Montgomery County Home Sellers

January 20, 2017--For over a year, the average days on market (DOM) for residential properties has been declining…a great trend for sellers. This “speed of sale” measure no doubt has many Montgomery County sellers hoping that it won’t be long before they are handing their keys over to happy new homeowners. READ MORE...



Is This the Year to Move Up to Your Dream Home? If So, Do it Early.


January 13, 2017--It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys: READ MORE...