Townhomes For Sale In Randallstown

Townhomes For Sale In Randallstown are a great way to become a first time homeowner in a GREAT community. If you want to find your very own townhome for sale in Randallstown contact us 2day.

Townhomes are known for their simplicity and usually low maintenance, compared with a single family home. Townhomes for sale in Randallstown are no different. You will find many choices with various floor plans and yards large enough to hold a cookout but not so big that you will spend all Saturday mowing:)

One thing that buyers look for, when shopping for townhomes for sale in Randallstown, is convenience. Good news, Randallstown is convenient to work and play.

Not far from the center of Randallstown you'll find the Old Court metro station. Drive your car to the FREE parking lot and ride downtown to work or out to Owings Mills to do a little shopping.

Townhomes for sale in Randallstown also attract buyers who may have school age children. Well never fear - Randallstown has the schools that are central to the entire community.

Looking for someone to help you find townhomes for sale in Randallstown? The Keys2Day Real Estate Team is here to help you. We've got all the tools to help you find just what you're looking for at the best price.

Search properties on our website HERE and then give us a call at 443.812.8555 so that we can start the process.

Also, foreclosures are selling at deep discounts. If you'd like to receive our FREE foreclosure list go HERE and we'll add you to the list.

We're serious about real estate and we know Randallstown like the back of our hand. We'd love to help you search for townhomes for sale in Randallstown - so contact us now.

Randallstown is a GREAT community for individuals and families. So let us help you 2Day.

Baltimore County Real Estate Leader

Baltimore County Real Estate and the Keys2Day Real Estate Team. It's like chocolate and peanut butter or fish and chips or love and marriage - you can't have one without the other (to paraphrase Sinatra).

The bargains are out there in Baltimore County Real Estate and buyers are taking advantage of them. However, now is the time to make a move (pun well intended) if you want to get the $8,000 tax credit.

Buyers looking for Baltimore County real estate are in a great position. Generally properties are selling for about 10% off - some foreclosure and short sales have deeper discounts than that.

Now just imagine combining the list price savings, the relatively low interest rates and the $8,000 tax credit. Viola - your dream of owning Baltimore County Real Estate just became a reality.

Don't wait around though, thinking that the tax credit will be extended. Although a bill has been introduced the wheels of democracy sometimes churn slowly and sometimes proposed legislation goes nowhere. So if you have any interest in buying Baltimore County Real Estate act 2Day by calling us at 443.812.8555 or sending us an email at info@keys2day.com.

Besides the great bargains Baltimore County also has a variety of features including loads of shopping, restaurants galore, public transportation to Baltimore City and Washington DC, hiking trails, public parks, etc. All of this and your choice of suburban or semi rural settings.

Hey we've said it before and we'll say it again - we're high on Baltimore county real estate because not only do we sell it we own it. So come on in - we'd love to have you as our neighbors.

Home credit crunch time

Eileen Ambrose

Time is quickly running out if you want to take advantage of the $8,000 first-time homebuyer credit.

The federal credit is available this year through Nov. 30, and you must close on the house by that date to get the benefit. Real estate agents warn that it takes about two months now to close on a house. That gives you until the end of this month or thereabouts to get a house under contract if you want to make sure you meet the deadline.

The credit is part of February's stimulus package. The National Association of Realtors estimates the credit will spur 350,000 sales this year that otherwise wouldn't have occurred. The industry and some economists back legislation in Congress to extend or even expand the credit, but warn buyers not to count on this.

The credit is worth 10 percent of the purchase price of a principal residence, not to exceed $8,000. To qualify as a first-time buyer, you can't have owned a house in the previous three years. The credit phases out as income rises. To get the full credit, modified adjusted gross income must be under $75,000 for singles and less than $150,000 for married joint filers.

The credit is refundable, which means that even if you don't owe any taxes, Uncle Sam will send you the credit as a refund. And the money doesn't have to be repaid, unlike last year's homebuyer credit, unless you sell the house within three years.

The credit pushed many to buy this year, when low interest rates and falling prices weren't quite enough.

If you're undertaking a traditional sale with traditional financing, you could have a house under contract by early October and still make the credit deadline, says Steve Meszaros, president-elect of the Maryland Association of Realtors.

But if you're getting specialty financing, such as a grant for buying a house close to where you work, you should be under contract by mid-September or so to make sure you close on time, says Carol Gamble, an associate broker with Century 21 HT Brown Realty in Howard County.

And with short sales, the timing is even dicier, Gamble says. Short sales occur when a cash-strapped homeowner, with the lender's approval, sells a house for less than the mortgage balance to avoid foreclosure. "They can take a couple of weeks to six months, if they happen at all," Gamble says.

JoAnne Poole, a broker with Poole Realty in Anne Arundel County, says some prospective buyers are starting to hold back.

"People are afraid they won't meet the deadline and are saying 'Maybe I'll just wait and see what happens, see if it's extended,' " she says.

But that's a gamble. "They could be out in the cold," Meszaros says.

Pending US home sales rise for sixth straight month in July to highest level since June 2007

ALAN ZIBEL

A gauge of future U.S. home sales rose more than expected in July to the highest level in over two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.

The report showed the housing market is rebounding faster than expected from its historic bust. Low prices and the looming expiration on Nov. 30 of a first-time homebuyers' tax credit of up to $8,000 have spurred sales. Prices in much of the U.S. have begun to rise from the depths of the slump.

"The overall trend toward stabilization is undeniable at this point," wrote Mike Larson, real estate analyst at Weiss Research.

The National Association of Realtors said Tuesday its seasonally adjusted index of sales contracts signed in July for previously occupied homes rose 3.2 percent to 97.6. It was the sixth straight increase, and 12 percent higher the same month last year.

Economists surveyed by Thomson Reuters had expected the index to edge up to only 96.5.

The index of pending home sales indicates how sales completed this month and next will turn out. Typically, there is a one- to two-month lag between a contract and a final deal. But delays in getting mortgages approved and appraisals completed have recently lengthened the time it takes to close a deal in many cases.

Analysts predict sales will drop off when the tax credit expires, or if mortgage rates rise from near-record lows. Foreclosures also continue to rise, and banks are forced to sell those properties at deep discounts, pushing prices down.

A 12 percent jump in sales contracts in the West and a 3 percent increase in the South drove July's overall increase. Sales fell in the Northeast and Midwest.

The Realtors group projects that around 2 million first-time buyers will take advantage of the credit this year, and says it is spurring 350,000 additional sales that wouldn't have happened otherwise.

Nationally, home prices in the second quarter posted their first quarterly increase in three years, according to the Standard & Poor's/Case-Shiller national index released last week. Prices are growing in some parts of the country, but "beware a rise in supply as frustrated would-be sellers see their chance," wrote Ian Shepherdson, chief U.S. economist at High Frequency Economics.

While home prices are still 30 percent below the mid-2006 peak, their new direction should bring relief to lenders, homeowners and buyers alike.

Falling property values have wiped out $4 trillion in homeowners' equity, and thousands have walked away from homes that are worth far less than their mortgage balance. But now, with prices stabilizing, many buyers who had been staying out of the market are coming off the sidelines.

Lobbying intensifies to extend first-time home buyer tax credit

Kenneth R. Harney

Reporting from Washington - It's one of the biggest unknowns bugging would-be buyers of houses and condos this summer: Will Congress let the $8,000 nonrepayable tax credit for first-time purchasers expire as scheduled 14 weeks from now?

Or will the credit get a second life and be extended for six to 12 months, taking pressure off buyers, real estate agents and escrow companies?

That's an especially urgent matter if you're a buyer just starting to shop and you see entry-level prices bottoming out or rebounding in many local markets. The tax credit statute requires buyers to fully close on their purchases -- not just be in escrow -- no later than Nov. 30. This doesn't leave a lot of leeway for people who haven't yet decided on a specific house and who haven't nailed down financing.

The process of negotiating offers, signing sales contracts, applying for a loan and completing the closing can easily extend for two months -- or a lot longer if things get off track.

Given the rapidly approaching deadline, what's the likelihood that Congress will allow at least a little extra time? Here's a quick overview: Although Congress is on its summer break, most members of the Senate and House use part of the August recess to meet with and listen to constituents in their home districts.

This year, the two biggest housing trade groups -- the National Assn. of Realtors and the National Assn. of Home Builders -- are spending the month mounting intense lobbying campaigns to make the case for extending the credit and maybe even expanding it. The effort is targeted first at the districts of members of the two tax-writing committees -- House Ways and Means and Senate Finance -- but is expected to cover most other members as well, according to officials of the two groups.

Delegations of home builders and real estate brokers already have begun descending on district offices, delivering what Jerry Howard, president and chief executive of the builders association, calls "the hard economic facts" -- the numbers of houses sold in each Congress member's district that are attributable to the tax credit; the economic ripple effects on local businesses, manufacturers and service industries; new jobs and income; plus the additional tax revenue that all this activity will help produce for local governments.

On a national basis, according to economists at the National Assn. of Realtors, the credit will be responsible for 300,000 to 350,000 additional sales of houses this year. Each home sale generates about $63,000 in downstream "ripple effects" elsewhere in the economy, they say.

There are some signs that Congress may be getting the message. Bills are pending in both houses to extend the credit for another year. Senate Majority Leader Harry Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5.

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking Committee, is cosponsoring a bill with Sen. Johnny Isakson (R-Ga.) that would raise the credit amount to a maximum of $15,000. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

4205 Wynfield Drive in Owings Mills - A Luxury Rental

Exisiting Home Sales Soar in July - Largest Monthly Increase in 10 Years

ALAN ZIBEL

The U.S. housing market is rebounding faster than expected.

Home resales in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires Nov. 30. Sales jumped 7.2 percent and beat expectations, the National Association of Realtors said Friday.

"We've got tens of thousands of homes perfect for the first-time homebuyer and we've taken advantage of that," said George Hackett, president of Coldwell Banker Real Estate in Pittsburgh.

Sales hit a seasonally adjusted annual rate of 5.24 million in July, from a pace of 4.89 million in June. It was the fourth-straight monthly increase and the strongest month since August 2007. Sales had been expected to rise to an annual pace of 5 million, according to economists surveyed by Thomson Reuters.

The risks to that healthy pace, however, are job cuts, mortgage rates and the looming end to the homebuyer tax credit. And the last one could be a doozy because first-time buyers are snapping up one out of every three homes.

First-time buyers get a credit of 10 percent of the purchase price of a home, up to $8,000. The credit phases out for singles earning more than $75,000 and couples earning more than $150,000. The real estate industry is lobbying to have the credit extended but its unclear if Congress will be swayed.