Maryland Home Search
Ryan was excellent in helping us find and purchase our first home. He was extremely patient in our search - we ended up going out to look at homes every weekend for about two and a half months (because the market is just that competitive right now).
Ryan is not just a Realtor, but someone who has many talents. He has crazy connections in the industry including, electricians, his granite guy, contractors and plumbers. Once you buy a house with him he connects you with his slew of craftsman and can even design an awesome kitchen set up, cabinets and all!
Ryan was great! He came at the last minute to show us houses. He showed us anything we wanted to see and we found a great home. Thanks Ryan!
Honest and easy to work with!
Ask Ryan - Most Frequently Asked Questions
Getting pre-approved for a mortgage!! Getting a pre-approval letter from a lender get the ball rolling in the right direction.Here’s why: You need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering homes that are not within your budget. Getting a pre-approvals will help prevent disappointment caused by falling in love with a home or property that you cannot afford.
Economic factors – the local labor market heats up, bringing an inflow of new residents and pushing up home prices before more inventory can be built.
Interest rates trending downward – improves home affordability, creating more buyer interest, particularly for first time home buyers who can afford bigger homes as the cost of money goes lower.
A short-term spike in interest rates – may compel “on the fence” buyers to make a purchase if they believe the upward trend will continue. Buyers want to make a move before their purchasing power (the amount they can borrow) gets eroded.
Low inventory – fewer homes on the market because of a lack of new construction. Prices for existing homes may go up because there are fewer units available.
Under normal market conditions, the average time to complete the sale of a home is between 30 to 45 days. Though, well-prepared home buyer has been known to purchase properties much faster than the averages.
Things to consider: Getting pre-approved and where you plan on purchasing your new home. Loan sourcing could also be a factor.
A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand, like:
An Economic disruption – a big employer shuts down operations, laying off their workforce.