Ten Facts about the $8,000 First-Time Homebuyer Tax Credit

Ten Facts about the First-Time Homebuyer Credit

Many taxpayers who purchase a home in Maryland this year will qualify for an $8,000 federal tax credit. The refundable first-time homebuyer credit is a major tax provision in the American Recovery and Reinvestment Act of 2009. But time is running out to qualify for this credit.

Here are ten things the IRS wants you to know about the first-time homebuyer credit:

1. To be considered a first-time homebuyer, you – and your spouse if you are married – must not have jointly or separately owned another principal residence during the three years prior to the date of purchase.

2. You cannot claim the credit before there is a completed sale and purchase of the residence. The sale and purchase are generally completed at the time of closing on the purchase.

3. To qualify for the credit, the completed purchase must occur before December 1, 2009.

4. The home must be located in the United States.

5. The credit is either 10 percent of the purchase price of the home or $8,000, whichever is less.

6. The amount of the credit begins to phase out for taxpayers whose modified adjusted gross income is more than $75,000 or $150,000 for joint filers.

7. The credit is fully refundable. A homebuyer with no taxable income, who qualifies for the credit, may file for the sole purpose of claiming the credit and receive a refund. The credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

8. The credit is claimed on IRS Form 5405, First-Time Homebuyers Credit.

9. Taxpayers can claim the credit for a qualified 2009 purchase on either their 2008 or 2009 tax return. For those who have filed a 2008 return, a Form 1040X, Amended U.S. Individual Income Tax Return can be filed in order to get a refund in 2009.

10. The credit for qualified 2009 purchases does not have to be repaid, as long as the home remains your main home for 36 months after the purchase date.

Qualified taxpayers who have been considering a main home purchase may find extra incentive from this tax credit to buy now so they can complete the purchase before the December 1 deadline.

 

 

For more information on this and other key tax provisions of the Recovery Act visit the official IRS Website at IRS.gov/Recovery.

Links:
First-Time Homebuyer Credit
YouTube Video - First-Time Homebuyer: English Spanish ASL
Audio File for Podcast - First-Time Homebuyer Credit 2009: English Spanish
The American Recovery and Reinvestment Act of 2009: Information Center
Form 5405, First-Time Homebuyer Credit (PDF)
Form 1040X, Amended U.S. Individual Income Tax Return (PDF)

SELLING YOUR TOWNHOUSE in HARFORD COUNTY, Sales History in 2009

Townhomes or otherwise call Townhouses in Harford County have had a recent surge of strong sales. The reason is that they appeal mostly to the first time home buyer. With the recent $8,000 tax credit in place, this has become a significant difference in deciding whether its the right time to buy a home. Search for ALL Townhomes in Harford County from ALL Real Estate Brokers.

As of today, there are currently 388 Towhouses for sale in the Harford County Maryland area. The lowest priced townhome is $50,000, the highest listed at $686,000 with the average listing price of $239,039. The average days on the market is 113. Buyers looking to purchase a townhome will find it very easy when submitting your information through our VIP Buyer Program. If you are looking for a Real Estate Agent to show you one of these townhouses, we are one phone call away.

Within the past 60 days 87 Townhomes have SOLD in the Harford County Area. The lowest price was $49,900 with the highest price at $599,995. The average sales price for a townhouse was $212,550 with an average seller subsidy of $4,216.00. The average days on the market was 82. This information is crucial if you are looking to Sell your Townhome in Harford County Maryland. Regardless if you have your property in Bel Air, Forest Hill, Churchville or Edgewood, our team of agents are here to service you.

Some of the areas you can start looking for townhouses are Monmouth Meadows, Greenbrier Hills, Amyclae Estates, Rosefields, Irwins Choice, Greenway Farm, Box Hill South and others.

WELCOME MILITARY FAMILIES to ABERDEEN PROVING GROUND, RELOCATING

Welcome Military Families to Aberdeen Proving Ground in Maryland

Installation Info: Zip Code: 21005
Area Code: 410
DSN: 298
The Army's oldest active proving ground, the post was established in Maryland in 1917 after the onset of World War I to provide a military facility where ordnance materiel could be designed, tested and carried out in proximity to main U.S. industrial and shipping centers. Aberdeen Proving Ground's 72,500 acres consist of two main areas separated by the Bush River. It is a key posting as a center for testing, lab research and military training.
Many recreational opportunities are available, both indoor and outdoor, including organized sports.

The typical tour for military personnel at an installation is 3-4 years. This means a approximately one third of the active duty personnel will relocate and rotate annually to and from military installations. We do not want to miss the opportunity to help serve you when searching for your next home in and around Aberdeen, Maryland. However as you know BRAC is moving personnel to Maryland at this time and has to complete all moves by the year 2011.

Robert McArtor and the Maryland HOMES Team with Long and Foster Real Estate, Inc. is here to serve ALL your relocation needs. Visit our website NOW to start your search ALL available homes in the Maryland, Harford County, Cecil County area. or Call 1-877-421-SOLD

Butchers Hill, Baltimore Maryland Real Estate Agents,Realtors and Auctioneers

Butchers Hill is a neighborhood in Southeast Baltimore, Maryland, with the zip code of 21231. It is north of Fells Point, east of Washington Hill, and northwest of Patterson Park. Real Estate Sales of Homes and Commercial Property has witnessed an increase over the past several years. Real Estate Auctions in the area have been a source for investors for continued revitalization. This area has recently seen a lot of renovations and urban development and is improving quite a bit.

Butchers Hill was once home to butchers and poultry preparers, many who were German American and Jewish American. It was a village prior to the Civil War. Although today it is considered to be less affluent than Fells Point, it was once the more prosperous community of the two. This is reflected in the larger size Homes in Baltimore and row houses. Butchers Hill is in proximity to more gentrified sections of Fells Point Maryland, the draw of Patterson Park in Baltimore, and the employment center around Johns Hopkins Hospital. Many artists reside in the neighborhood. A portion of it is a historic district listed on the National Register of Historic Places. If you are looking to sell your home in Butchers Hill or looking to Buy a Home in Butchers Hill, Robert B. McArtor, a Noted Licensed Auctioneer and REALTOR with Long and Foster Real Estate, Inc. is here to help. Please visit his website at Maryland HOMES Team and begin your home search today.

Baltimore real estate agents in Maryland, Find and Search for Baltimore homes for sale, and Baltimore home values in Butchers Hill and City. Get access to Baltimore real estate listings on our website, including the MLS and Homes Database, We are Baltimore REALTORS. Find new homes and foreclosures, investment properties with Maryland HOMES Team and Long and Foster Real Estate, Inc. Our real estate services feature all Baltimore and Maryland cities and suburbs. We can help you Find Baltimore school district information, including elementary, middle and high schools. We also have information on Baltimore home selling, home buying and mortgages, movers and other realty services for anyone looking to sell a home or buy a home in Butchers Hill. Become a VIP Buyer and start receiving HOT NEW LISTINGS that match your home buying criteria. Start searching for Homes in Baltimore City today! Or Simply Call 1-877-421-SOLD

Sellers Need Patience and Exposure or their Homes in Maryland

Real Estate Foreclosures and Selling Your Home in the NEW YEAR!

What will 2008 hold for the Foreclosure Market.

As the new year approaches, I am constantly thinking of what 2008 holds for many homeowners trying to sell their property. I am constantly taking phone calls from nervous sellers that think the Auction Method may be the ONLY viable way to sell their home. The reality is, after looking closely at the numbers, very few would even qualify for a successful "Traditional" Auction Sale. The auction method can meet several needs for the seller however is not meant for every property.

So...what is the alternative? If your property is listed with an aggressive Real Estate Agent...it's "Patience and Exposure". I tell sellers to be patient in this market. Your "Days on Market" have increased. Be aggressive with your price to reflect your market and condition. Price it according to condtion! I can't stress that enough. The next is "Exposure". Where is your property being advertised? Do you have a Visual Tour with statistics? (not just a glorified slide show). Can you find it easily on the internet knowing 4 out of 5 buyers start their home search on the internet? Many will eventually find a home starting with the internet. There is a lot of inventory for buyers to choose from. Get your property out there for the world to see! On a side note, buyers are looking for the best deals and certainly don't want to make a huge purchase in a downward market. Make your property attractive with incentives, i.e. closing cost assistance, etc.

Since October 2006, housing prices have taken an average 6% reduction. This is difficult for many sellers to swallow. In the world of Real Estate this is coined as tragic for home owners. In any other market however (Retail, Stock Market), it simply becomes a "Buying Opportunity". In my market covering Maryland, Baltimore, Harford and Cecil County, I believe Buyers will be and ARE coming out of the woodwork! I have instructed my team to be patient with the "tire kickers". They WILL be buyers soon.

What does 2008 hold for the Real Estate Market?

The short answer is it may be a difficult year for sellers who have not planned early enough to market their homes. Too many homeowners have taken on mortgages that are not realistic for them to re-pay. The last minute decisions to sell a home hoping for the magical contract to come in before being foreclosured on is not realistic. In most cases this will not happen. I am noticing Deed of Trusts that are less than 2 years old heading for foreclosure. Most are not "Sub-Prime" loans or so-called "shady" adjustable rate mortgages.

Out of the 7 auctions I conducted today, December 28, 2007, only 1 was an adjustable rate mortgage. Not all Foreclosed Property owners were "victims" of the sub-prime market! Most simply victimized themselves by chasing the Dream of owning a home they could not afford. The great thing I love about being a human on this earth is....we are allowed to make mistakes. Some costs are greater than others.

In early January 2008, there are 190+ Foreclosure Auctions I am scheduled to conduct over a 3 day period. This will cover only 4 counties in Maryland. Lenders will be over-run with properties which means a buying opportunity for investors and others. The difficult times for a few are still ahead. If you find yourself falling behind on payments, PLAN AHEAD! Talk to your Lender. If things cannot be worked out and you have enough time. Talk to your REALTOR® or local Real Estate Auctioneer. If you live in Maryland. There is only one phone call you need to make. We are here to help.

Have a Great New Year!

Robert B. McArtor, REALTOR and Noted Real Estate Auctioneer

Long and Foster Real Estate, Inc.

1-877-421-SOLD

http://www.MarylandsHomeTeam.com/

http://www.harfordadvantage.com/

REALTORS and Real Estate Agents, Brokers are taking a Second Look at the Auction Method

REALTORS® are taking a second look at the Auction Method

Robert B. McArtor, REALTOR® with Long and Foster Real Estate, Inc. and Noted Real Estate Auctioneer in Maryland has been working with and educating Real Estate Agents on the Auction Method of Marketing since 1991. "It was tough in the beginning", Robert explains the early days, "Why would an agent want to turn a client over to an Auctioneer? Don't they just sell antiques, cars and furniture?".

According to the National Auctioneers Association, Residential real estate auctions continue to be one of the fastest growing segments of the live auction industry with an estimated growth of 3.1% since the end of the second quarter. Total real estate revenues for 2006 include: Residential Real Estate ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion).

Now with a changing market, Auctions have become a popular method among aggressive sellers to sell their property. "This is certainly a win-win situation for everyone involved......Sellers need to sell their house, Agents want a commission, the Auctioneer utilizes the Auction Method to market the property and the entire process ends at the settlement table in less than 60 days."

Robert McArtor has been Auctioning Real Estate since he was 21 years old. Now, at the age of 38, he is celebrating 17 years in the business and recently realized over $25 Million in sales in 2007 alone. "Between foreclosure auctions, home owner ordered sales, this has been a very busy year.........we are expecting to see a tremendous rise in auctions through-out the Baltimore-Metro area." Mr. McArtor says that more and more Sellers are frustrated with the lack of Buyers in the market place and are looking for a quick sale. With the Auction Method, the Seller can sell their home in "As-Is" condition with a non-contingent contract, eliminate high carrying costs and settle in as little as 30 days. "I love explaining the Auction Method to Realtors®. Once they have the knowledge, it's simply a matter of suggesting an Auction to a qualified client". Robert goes on to say, "The fact that I am also a REALTOR® and subscribe to a Strict Code of Ethics makes the Real Estate Practitioner and Client feel comfortable.....this is just an additional marketing tool the agent can use and get PAID to use it!"

Robert B. McArtor can be reached through his website, http://www.mdauctionsales.com/ or Directly at 1-443-392-4833

MISTAKES SELLERS MAKE WHEN SELLING THEIR HOME IN MARYLAND, BALTIMORE, HARFORD COUNTY

MISTAKES SELLERS MAKE WHEN SELLING THEIR HOME IN MARYLAND, BALTIMORE, HARFORD, CECIL COUNTY

Remember not so long ago, when you could make your fortune in real estate in Maryland, Baltimore, Harford and Cecil County. It was nothing then to buy a home, wait a short while, and then sell it at a tidy profit.
Well, as you probably know, times have changed. As good as the market is right now, home prices are still below what they were at their peak. Buyers are far more discriminating, and a large percentage of the homes listed for sale never sell. It's more critical than ever to learn what you need to know to avoid costly seller mistakes in order to sell your home in Maryland, Baltimore, Harford or Cecil County fast and for the most amount of money whether utilizing the Auction or Traditional Method of Selling.

The 7 Deadly Mistakes Most Home Sellers Make
Failing to analyze why they are selling their home in Maryland
Not preparing their home for the buyer's eye.
Pricing their homes incorrectly. MarylandHOMESTeam can help!
Selling too hard during showings.
Signing a long-term listing agreement without a written performance guarantee.
Making it difficult for buyers to get information on their home.
Failing to obtain a pre-approved mortgage for one's next home.

Call Robert B. McArtor today for questions you may have concerning selling your property. Call 410-879-0622 or simply email him at robert@harfordadvantage.com

Long and Foster Real Estate, Inc. Equal Housing Opportunity

RELOCATING to HARFORD COUNTY, JOPPA MARYLAND HOME SEARCH STATISTICS

RELOCATING to HARFORD COUNTY, JOPPA HOME SEARCH STATISTICS, REALTORS and AGENTS

Relocating to Joppa Maryland Real Estate in Harford County, Homes for Sale, Realtors and Auctioneers, Home Stats for zip code 21085 as of January 2008
2008 2007 % Change
Total Sold Dollar Volume: $ 472,000 $ 2,743,800 - 82.80 %
Average Sold Price: $ 236,000 $ 274,380 - 13.99 %
Median Sold Price: $ 236,000 $ 266,500 - 11.44 %
Total Units Sold: 2 10 - 80.00 %
Average Days on Market: 159 133 19.55 %
Average List Price for Solds: $ 249,900 $ 297,710 - 16.06 %
Avg Sale Price as a
percentage of Avg List Price: 94.44 % 92.16 %
Joppa real estate agents in Maryland, Find and Search for Joppa homes for sale, and Joppa home values in Harford County. Get access to Joppa real estate listings on our website, including the MLS and Homes Database, We are Joppa REALTORS. Find new homes and foreclosures, investment properties with Maryland HOMES Team and Long and Foster Real Estate, Inc. Our real estate services feature all Joppa and Maryland cities and suburbs. We can help you Find Joppa school district information, including elementary, middle and high schools. We also have information on Joppa home selling, home buying and mortgages, movers and other realty services for anyone looking to sell a home or buy a home in Joppa Maryland. Become a VIP Buyer and start receiving HOT NEW LISTINGS that match your home buying criteria. Start searching for Homes in Joppa today!
Maryland HOMES Team provides Joppa, Maryland real estate information and resources to guide homeowners and homebuyers through the process of selling and buying a house, condo, town home, land or other Joppa realty property. Long and Foster Real Estate, Inc. has services to help you find a Top Joppa real estate broker or agent, get the value of your Joppa home and a comparative market analysis (CMA), view Joppa real estate and MLS listings, prepare and stage your home for sale, and lots more.
Our real estate library of valuable information located at www.VIP.MarylandsHomeTeam.com which contains articles to help anyone selling a home or buying a home learn more about Joppa realty services, and how to choose a work with Robert B. McArtor, your Joppa REALTOR. Through our Team Members, we also provide real estate and financial services to our clients looking for houses for sale or selling their home in Joppa, MD, such as mortgages, credit history, new homes, foreclosures and other services. If you plan to do for sale by owner (FSBO), with Robert B. McArtor, you are connected to Joppa real estate companies, agencies and resources to sell or buy a home. Whether you say REALTOR®, reality, realety, realty, real estate or realestate, Maryland HOMES Team will speak your language. Contact us Toll Free at 1-877-421-SOLD or Robert McArtor directly at 443-392-4833. Robert B. McArtor is also available for BPO's and REO listings in the Baltimore Metro, Baltimore County, Cecil County areas, Harford County

FIRST TIME HOME BUYER in MARYLAND, LOOKING FOR HOME, HOMES IN HARFORD, BALTIMORE, CECIL COUNTY

FIRST TIME HOME BUYER IN MARYLAND, LOOKING FOR HOME, HOMES IN HARFORD, BALTIMORE, CECIL COUNTY
Don't Pay Another Cent in Rent to Your Landlord in Maryland Before You Read This FREE Special Report for Renters in Maryland, Harford County, Baltimore County, City and Cecil County.
If you're like most renters in Maryland, you feel trapped within the walls of a house or apartment that doesn't feel like yours. Even if you are considering Relocating to Maryland, you feel as if you would need to rent a place first. You also feel as if you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home in Maryland.
Well don't feel trapped any more! A new FREE Real Estate Special Report entitled "How To Stop Paying Rent and Own Your Own Home" has already helped dozens of local renters in Harford County, Baltimore County, Baltimore City, Cecil County by getting out from under their landlord's finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering the important steps detailed in this FREE Special Real Estate Report.
It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.
Robert B. McArtor and the Maryland HOMES Team will work hard for you. If you are thinking of an auction, we can service your needs as well. With excellent job opportunities that Maryland has to offer, we can help you with your home buying dreams. We are prepared to help you relocate due to BRAC. Whether you are relocating from abroad, or are an established business or resident, We can help you find the Home of Your Dreams.

Your Real Estate Leaders in Maryland, Harford County, Baltimore County, City and Cecil County when you are looking for Real Estate in these areas, Robert B. McArtor with Long and Foster Real Estate, Inc. is your Real Estate Team of choice.
Robert B. McArtor, REALTOR and Auctioneer with Long and Foster Real Estate, Inc. is there to help you find your next home. Call me today 410-879-0622 or visit our Website at Maryland HOMES Team!
If you are looking for an experience REALTOR, Real Estate Agent or Auctioneer serving the Baltimore, Harford County, Baltimore City and Cecil County Area, your search has ended. Whether you are Relocating to Maryland, Buying a Home, Selling a Home or considering the Auction Method of Marketing your property. Robert McArtor, REALTOR with Long and Foster Real Estate, Inc. and noted Licensed Auctioneer is here to serve you. Have your questions answered immediately by calling him direct. As a gift to you, please visit my REALTOR website and recieve FREE Reports on Buying and Selling a Home in Maryland.

FREE Quick Over-The-Net Home Evaluation for Homes in Maryland, Harford County, Baltimore County, City, and Cecil County Knowing what your home is worth is important information to have if you are thinking of selling your home. Using the information you submit to us, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in your area. Even if you are looking for auctions in Maryland. We will be able to determine what your home might sell for if you decided to put it on the market. There is no cost or obligation for this valuable service.

You can become a VIP Buyer and Beat Other Buyers to Hot New Listings in Maryland, Baltimore, Harford County, Cecil County Homes. How To Receive Daily Emails or Printouts of ALL New Listings That Match Your Home Buying Criteria Sent to You FREE of Charge Without Obligation. We will mail/e-mail you new listings (complete with pictures) of ALL MLS properties that match your home buying criteria. Our exclusive Buyer Profile System allows you to pick which homes in Maryland you want to view before other buyers even know about them. As a VIP buyer: You get weekly updates of all new home listings that match your criteria FREE of charge. You get first pick of homes that interest you and the ability to beat other buyers to an offer. Because you're there first, before most other buyers, we are able to negotiate the lowest possible price for you. Most importantly your time isn't wasted viewing homes that don't interest you.

Get a Back Stage Pass and Become a VIP Member! Login and Access the Most Useful Information on Buying or Selling a Home inMaryland, Harford County, Baltimore County, City and Cecil County. Right now, you can take your first-step in educating yourself on Home Buying, Selling and Auctioning. Start exploring the real estate landscape and instantly access our exclusive, rich-media library of special reports and resources. You can also personalize our VIP site according to your needs and wants. Just enter your profile information once you are logged in and instantly access the real estate information that matches your profile.
We are confidant that our VIP site will empower you with the knowledge to make the most educated and profitable home buying and selling decisions using Long and Foster Real Estate, Inc.

HOME MARKET WATCH NEWSLETTER. Each month, we publish a series of articles of interest to homeowners looking to Auction, Buy or Sell their Home Traditionally in the Maryland, Baltimore, Harford, Cecil County areas. -- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Whether you currently are in the market for a new home, or not, we hope that this information is of value to you. Please feel free to pass these articles on to your family and friends

BUYING A HOME IN A WEAK MARKET, MAKING SENSE for MARYLAND HOME BUYERS

BUYING UP IN A WEAK MARKET vs. BUYING UP IN A STRONG MARKET, Making Sense for Maryland Home Buyers
Calculation of Buying Up in a Weak Market in Maryland, Baltimore, Harford and Cecil County
Compared to Buying Up in a Strong Market in Maryland, Baltimore, Harford and Cecil County
First - Moving Up in a Weak Market
Sale Price of Current Home Sale Price of Future Home
$400,000. $600,000.
The difference between the two properties is $200,000.
Moving Up in a Strong Market
This example assumes a price increase of 10%. Prices have increased at rates as high as 24% annually in our market. The market area average annual increase over the last 30 years is 6.9%.
Sale Price of Current Home Sale Price of Future Home
$440,000. $660,000.
The difference in price between the two properties is $220,000.
In this example it costs an individual $20,000 more to move up in a strong market than it does in a weak market.
Real Estate markets fluctuate daily in Maryland just as all economic markets do. The time for a buyer to get the best terms is when the seller is not experiencing much interest. The time to buy is when no one else is. Experienced investors know that.
Rates are very low now. Changing Rates can change the picture a lot.
Interest rates play a part in the cost of home buying as well.
On a purchase of $600,000. with a 10% down payment and a mortgage of $540,000. on a 30 year fixed rate mortgage the principal and interest payment would be:
At 7% $3,593.
At 6.5% $3,413.
At 6% $3,238.
At 5.5% $3,066.
At 5% $2,899.
For example, the difference between a payment at 6% and a payment at 6.5% costs $175. a month or $2100 a year!
The monthly payment at 6.5% (for example) on the extra $20,000 one might have spent in a strong market would be $126. more a month than what might have been paid in a weak market. This is $1512. a year!
The conclusion is that it is better to buy in a weak market and it is even more advantageous to buy when rates are low. Both of those conditions exist right now.

You can become a VIP Buyer and Beat Other Buyers to Hot New Listings in Maryland, Baltimore, Harford County, Cecil County Homes. How To Receive Daily Emails or Printouts of ALL New Listings That Match Your Home Buying Criteria Sent to You FREE of Charge Without Obligation. We will mail/e-mail you new listings (complete with pictures) of ALL MLS properties that match your home buying criteria. Our exclusive Buyer Profile System allows you to pick which homes in Maryland you want to view before other buyers even know about them. As a VIP buyer: You get weekly updates of all new home listings that match your criteria FREE of charge. You get first pick of homes that interest you and the ability to beat other buyers to an offer. Because you're there first, before most other buyers, we are able to negotiate the lowest possible price for you. Most importantly your time isn't wasted viewing homes that don't interest you.

Get a Back Stage Pass and Become a VIP Member! Login and Access the Most Useful Information on Buying or Selling a Home in Maryland, Harford County, Baltimore County, City and Cecil County. Right now, you can take your first-step in educating yourself on Home Buying, Selling and Auctioning. Start exploring the real estate landscape and instantly access our exclusive, rich-media library of special reports and resources. You can also personalize our VIP site according to your needs and wants. Just enter your profile information once you are logged in and instantly access the real estate information that matches your profile.
We are confidant that our VIP site will empower you with the knowledge to make the most educated and profitable home buying and selling decisions using Long and Foster Real Estate, Inc.

REAL ESTATE AUCTIONS, AUCTIONEERS in HARFORD COUNTY, BALTIMORE, MARYLAND

REAL ESTATE AUCTIONS, AUCTIONEERS in MARYLAND, BALTIMORE
Advantages For Sellers Using Robert B. McArtor in Maryland, Harford County, Baltimore

WHEN IT IS TIME TO SELL...YOU WANT TO MAKE THE RIGHT DECISION! Making the decision to Auction your Home or Real Estate can be stressful. There are many companies you can choose from such as A.J. Billig, Alex Cooper Auctioneers, Harvey West Auctioneers, Express Auctioneers, Auction Brokers and others.

Advantage Real Estate Auctioneers is the only company however to offer FREE Visual Panoramic Tours On-Line to assist a Bidder determining whether they will attend the Auction.

Robert B. McArtor has also made an aggressive sales performance guarantee, "Your Home SOLD by Public Auction ow We Pay You $1,000 CASH"

Making the decision of HOW to sell your Real Estate can be confusing and stressful. The decision you make can impact the return you receive on your invested dollars in several important ways. At Advantage Real Estate Auction Sales we realize what an important business decision this is for you. We have been there!

FOUR METHODS OF SELLING YOUR HOME IN BALTIMORE, MARYLAND, HARFORD COUNTY, Cecil County

"BROKERED LISTING" You list the property with your local real estate office. Listing can be time-consuming and inconvenient. Unscheduled and unplanned for showings, requiring that the property be in a constant state of model home preparedness. Unqualified buyers who just want to see how you live. Closing dates are up in the air because you don't know when it will sell. Negotiations can drag out while the buyer tries to wait you out. The buyer is usually in control.

"FOR SALE BY OWNER" You prepare the property. You write the ad, you have photographs done, you design the ad, you have the film made, you place the ads at retail cost, you take the calls, you try to pre-qualify the calls, you send out information, you follow-up, you try to schedule the appointments, you show the property. You wait. You place more ads. The Buyer is always in control.

"INVESTOR SALE" Either through brokered sale or "For Sale by Owner" you choose to discount the property heavily and sell to an investor. This method can cut carrying costs and significantly reduce the selling time.

"AUCTION SALE" IN MARYLAND, HARFORD COUNTY, BALTIMORE"The Auction method is enjoyed by thousands of homesellers each year who watch their properties professionally marketed both locally and regionally, eliminating the frustrations of the other selling methods and retaining the benefits.

REALTORS, AGENTS, RELOCATING to APG and BRAC RELOCATION SPECIALISTS

ABERDEEN REALTORS, AGENTS, RELOCATING to APG and BRAC SPECIALISTS, HARFORD COUNTY
RELOCATING TO ABERDEEN, APG and BRAC RELOCATION SPECIALISTS, REALTORS, REAL ESTATE AGENTS
Aberdeen is home to the U.S. Army's Aberdeen Proving Ground (APG). The proving ground was established by Act of Congress and came into operation in January 1918. The proving ground occupies more than 72,500 acres in Harford County. More than 7,500 civilians and 5,000 military personnel work at APG. Because of BRAC, Robert McArtor and his Auction and Real Estate Staff have been busy with helping civilians relocate to the Maryland, Harford County, Cecil County, Baltimore Areas. Auctions have become a viable option when purchasing homes in these areas. Maryland HOMES Team with Long and Foster Real Estate, Inc. is proud to be of service to anyone affected by BRAC. If you are looking for a home in these areas, you can become one of our VIP Buyers are start receiving listings TODAY that match your home buying criteria.
Under the Base Realignment and Closure (BRAC) program announced in 2005, Aberdeen will see an influx of people relocating to the area. If you are interested in purchasing your next home through the auction method or simply looking for an Active property on the market. Robert B. McArtor and his team is here to assist you in your relocation needs.
If you are looking for an experience REALTOR, Real Estate Agent or Auctioneer serving the Baltimore, Harford County, Baltimore City and Cecil County Area, your search has ended. Whether you are Relocating to Maryland, Buying a Home, Selling a Home or considering the Auction Method of Marketing your property. Robert McArtor, REALTOR with Long and Foster Real Estate, Inc. and noted Licensed Auctioneer is here to serve you. Have your questions answered immediately by calling him direct. As a gift to you, please visit my REALTOR website and recieve FREE Reports on Buying and Selling a Home in Maryland.

MARYLAND NON-RESIDENT SELLER WITHHOLDING TAX, REAL ESTATE

CHANGES TO THE MARYLAND NON-RESIDENT SELLER WITHHOLDING TAX, REAL ESTATE
Please note upcoming changes to the Maryland Non-Resident Seller Withholding Tax and the Prince George's County Recordation Tax rates for 2008
Maryland Tax Rate Changes
The Maryland Non-Resident Withholding Tax Rate will increase from 6.75% to 7.5% for individuals. The new rate is effective with settlements taking place on or after July 1st. (The 8.25% rate for entities remains unchanged.)
Additionally, the Prince George's County Recordation Tax will increase from $4.40 per $1,000 of sales price to $5.00 per $1,000 effective with settlements taking place on or after July 5th. 2008
Information provided by Robert B. McArtor, REALTOR® with Long and Foster Real Estate, Inc. and a Licensed Real Estate Auctioneer owner of Advantage Real Estate Auction Sales, Inc. in Maryland serving all counties including Harford, Baltimore and Cecil County, City. If you are relocating to Maryland contact us today! 410-879-0622.

MARYLAND HOME SALES DROP 32%, NOW IS THE TIME TO BUY A HOME IN MARYLAND, BALTIMORE, HARFORD COUNTY

MARYLAND HOME SALES DROP 32%, NOW IS THE TIME TO BUY A HOME IN MARYLAND, BALTIMORE, HARFORD COUNTY

Home sales in Maryland have dropped 32% this year. Are you waiting for a better time to buy a home in Maryland, Baltimore, Harford or Cecil County? There are some fantastic mortgage programs out there. Let our experienced team assist you in the purchase or sale of your home in Maryland.
You can become a VIP Buyer and Beat Other Buyers to Hot New Listings in Maryland, Baltimore, Harford County, Cecil County Homes. How To Receive Daily Emails or Printouts of ALL New Listings That Match Your Home Buying Criteria Sent to You FREE of Charge Without Obligation. We will mail/e-mail you new listings (complete with pictures) of ALL MLS properties that match your home buying criteria. Our exclusive Buyer Profile System allows you to pick which homes in Maryland you want to view before other buyers even know about them. As a VIP buyer: You get weekly updates of all new home listings that match your criteria FREE of charge. You get first pick of homes that interest you and the ability to beat other buyers to an offer. Because you're there first, before most other buyers in Maryland, we are able to negotiate the lowest possible price for you. Most importantly your time isn't wasted viewing homes that don't interest you. The Auction Method of Selling is still a very viable way to liquidate an un-wanted property. We handle all types of Investment Properties by Auction and Traditional Sales through-out Baltimore City, County and Maryland
Get a Back Stage Pass and Become a VIP Member! Login and Access the Most Useful Information on Buying or Selling a Home in Maryland, Harford County, Baltimore County, City and Cecil County. Right now, you can take your first-step in educating yourself on Home Buying, Selling and Auctioning. Start exploring the real estate landscape and instantly access our exclusive, rich-media library of special reports and resources. You can also personalize our VIP site according to your needs and wants. Just enter your profile information once you are logged in and instantly access the real estate information that matches your profile. We are Maryland Real Estate Auctioneers.
We are confidant that our VIP site will empower you with the knowledge to make the most educated and profitable home buying and selling decisions using Long and Foster Real Estate, Inc. The right price for your property is the one set by a competitive market. There is no faster, more direct way to ascertain your property's value than with Robert B. McArtor, recognized REALTOR® with Long and Foster Real Estate, Inc. and Auctioneer. Our aggressive, customized marketing programs are specifically designed to attract the largest possible pool of qualified buyers. Through the competitive bidding process, buyers and sellers quickly learn what the market will pay for a property.

Call Robert B. McArtor now TOLL FREE 1-877-421-SOLD or Direct 443-392-4833

REALTORS® are taking a second look at the Auction Method

REALTORS® are taking a second look at the Auction Method

Robert B. McArtor, REALTOR® with Long and Foster Real Estate, Inc. and Noted Real Estate Auctioneer in Maryland has been working with and educating Real Estate Agents on the Auction Method of Marketing since 1991. “It was tough in the beginning”, Robert explains the early days, “Why would an agent want to turn a client over to an Auctioneer? Don’t they just sell antiques, cars and furniture?”.

According to the National Association of Auctioneers, Residential real estate auctions continue to be one of the fastest growing segments of the live auction industry with an estimated growth of 3.1% since the end of the second quarter. Total real estate revenues for 2006 include: Residential Real Estate ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion).

Now with a changing market, Auctions have become a popular method among aggressive sellers to sell their property. “This is certainly a win-win situation for everyone involved……Sellers need to sell their house, Agents want a commission, the Auctioneer utilizes the Auction Method to market the property and the entire process ends at the settlement table in less than 60 days.”

Robert McArtor has been Auctioning Real Estate since he was 21 years old. Now, at the age of 37, he is celebrating 16 years in the business and recently realized over $25 Million in sales in 2007 alone. “Between foreclosure auctions, home owner ordered sales, this has been a very busy year………we are expecting to see a tremendous rise in auctions through-out the Baltimore-Metro area.” Mr. McArtor says that more and more Sellers are frustrated with the lack of Buyers in the market place and are looking for a quick sale. With the Auction Method, the Seller can sell their home in “As-Is” condition with a non-contingent contract, eliminate high carrying costs and settle in as little as 30 days. “I love explaining the Auction Method to Realtors®. Once they have the knowledge, it’s simply a matter of suggesting an Auction to a qualified client”. Robert goes on to say, “The fact that I am also a REALTOR® and subscribe to a Strict Code of Ethics makes the Real Estate Practitioner and Client feel comfortable…..this is just an additional marketing tool the agent can use and get PAID to use it!”

Robert B. McArtor can be reached through his website, http://www.mdauctionsales.com/ or Directly at

BRAC, APG, Relocating To Maryland, Harford, Baltimore or Cecil County

Your Official Base Realignment, BRAC, Relocation Website serving Harford County, Baltimore County and Cecil County Areas. Start Your Home Search Here!

The Base Realignment and Closure, ( BRAC ) process allows the Department of Defense to transform its infrastructure to meet the future needs of the military. As a result of this process, some communities in Maryland and APG will experience an increase in military activity and associated community growth such as the need for availability of homes in Harford, Baltimore, Cecil County, while others are faced with a significant base closure and associated economic distress.

An increase in military activity may challenge a community’s capacity to absorb an influx of personnel and may place excessive demands on some off-base community services and facilities in Harford County,Cecil County and Baltimore County Maryland. Experience suggests that off-base housing scarcity and school overcrowding are areas of shared community and military concern. The community and the military alike must strive to maintain and improve the quality of life for local residents, including the new military personnel and their dependents.

HOUSING: Some communities experience a slowdown in local housing sales the moment a closure is announced, while sales in others continue unaffected. The drawdown of personnel may affect local renters and homeowners. The Service Human Resources Office should be able to provide a residential profile of the base population. On the basis of this profile, lenders, property owners, and community leaders can anticipate vulnerabilities and work with the local redevelopment organization to identify sources of assistance.

Personnel who are transferring with military functions may find it difficult to sell their homes in a slow market, or they may experience devaluation because of the base closure. Assistance for these housing issues is available through the DoD Homeowners Assistance Program.

For growing installations such as APG, some Maryland communities in Harford, Baltimore, Cecil County may not have adequate housing for incoming personnel. Robert B. McArtor and The Maryland HOMES Team will help you assess the local housing market and help plan your relocation to the area.

Robert B. McArtor, The Maryland Homes Team and Long & Foster Real Estate, Inc. welcomes you to Maryland. We understand that this extensive relocation period can be stressful. We want to assure you the most courteous and professional transition possible. Looking for Homes in Maryland is made easy through this website. You can search for Homes Now using our Homes Database. Whether you are looking to purchase or rent a home. This is the last stop you need to make. Let us preview the homes for you. Harford County,Baltimore County and Cecil County offers a variety of Townhomes, Single Family Homes, Condominiums, Waterfront Homes to choose from. If you need help in finding a home in Maryland. Please feel free to Become a VIP Buyer for BRAC civilians relocating to our area. Start your home search here or call us today! Direct at 443-392-4833 or Toll Free 1-877-421-SOLD!

Executor of an Estate in Maryland

If You're The Executor of an Estate in Maryland, Baltimore

Please note: I am not an attorney and I am not offering legal advice. This is for informational purposes only. For detailed information, please seek the advice of an attorney.

You should maintain proper financial records for an estate. Document absolutely everything. The greater the detail the better. It is always easier to document and describe a transaction when it occurs than at a later date when someone is questioning the transaction.

Selecting a Bank:

Many executors simply continue to bank where they have had their personal bank accounts or where the decedent maintained bank accounts. Although this may be adequate, there may be no compelling reason to continue using either institution for the estate. Evaluate the estate's banking and financial needs and interview not only previously used institutions but others as well. Estate financial matters create different needs and can benefit from different services and departments than personal banking needs. Inquire as to what specific trust and estate services various institutions offer, how they price them and what specifically they can do to assist you in handling the estate. Many larger institutions have extremely sophisticated trust departments that can assist you in arranging financing, consolidating accounts, investment management and so forth. These services may help you hold down legal and other fees.

Accounts in Estate Name:

All transactions should be run through the estate's name and under the estate's tax identification number. Other than minor exceptions for necessary initial expenditures by you prior to the estate account being opened (each of which should be carefully documented) never commingle estate funds with your personal funds, beneficiary funds and so on. Safety checksPurchase safety checks for all estate payments. These checks have a carbonless check voucher attached. Each time you write out a check a carbonless second sheet records the transaction. Take this second sheet (called voucher copy of the check) and staple the bills or other documents supporting the payment to them. Then file these in check number order.

Document all Cash Payments:

If you choose to advance your own funds to cover an estate expense, make a copy of the check and attach copies of the supporting documents (e.g., the bill). When the estate checking account is open, you can then reimburse yourself and use the previously assembled backup to support the check. Run all financial transactions through one estate checking account. You can vastly simplify the record keeping for the estate by running all payments and deposits through a central or single estate checking account and brokerage account. Any proceeds of any nature received should be deposited in one estate checking account. Each deposit slip should be saved and the source and nature of the deposit clearly explained. Even if the estate receives a large settlement that you will invest pending distribution, first deposit it in the central estate checking account and thereafter transfer it to the estate brokerage account for investment. All investments should likewise be made in street name in a single brokerage account (unless the estate is so substantial that the insurance limits on the account will be exceeded). All payments should be made from the same account. Similarly, each check should clearly document the purpose of the check. Carefully describe every deposit, check, credit/debit memo or other transaction. Detailed descriptions will make it much easier for you, or your professionals, to identify transactions, prepare accountings and complete tax returns.

Who are the Top Employers in Harford County?

I stumbled on this information I thought would be interesting to share. Who are the top employers in Harford County? With the influx of people moving into the county because of BRAC, I was interested in seeing this list. If you have any questions, please feel free to contact me anytime. http://www.MarylandHOMESTeam.com/

MAJOR EMPLOYERS

Aberdeen Proving Ground

Civilian 6,980 Military 5,110
Total. . . .12,090

Harford County Public Schools 4,573
Harford County Government 1,572
Harford Community College 1,205

PRIVATE SECTOR

Upper Chesapeake Health System 2,200
Rite Aid MidAtlantic Distribution Center 923
Sverdrup Technology, Inc. 500
Bechtel National, Inc. 300
Saks Fifth Avenue 450
SAIC 420
Frito-Lay 418
EAI Corporation 354
Collins & Aikman 330
Custom Direct, Inc. 329
Blue Dot of Maryland 300
Constar 250
Aberdeen Proving Ground Federal Credit Union 242
Cytec Engineered Materials 226
Cytec Fiberite 224
Battelle Eastern Science & Technology Center 211
Independent Can Company 208
The May Company 208
Bottcher America 199
Homestead Publishing 198
The ARC of Northern Chesapeake Region 193
Benfield Electric 191
Northrop Gumman/California Microwave 179
WAVE (Worthington Armstrong Ventures) 178
Nutramax Laboratories, Inc. 170
McCormick & Co. 168

Huber Engineered Materials 166

Clorox Products Manufacturing 165
Sephora Central Distributing Company 162
California Microwave/Northrup Grumman 160