The Federal Housing Authority (FHA), Fannie Mae (FNMA) and Freddie Mac (Federal Home Loan Mortgage Corporation - FHLMC) have set a new loan limit for Montgomery County, Maryland of $729,750. This came about as part of the Economic Stimulus Package of 2008.So what does this mean to you?  If you're looking to buy a home and you want a loan for $729,750 or less to purchase that home; you're going to get a better deal than you would have up until now.  Lenders offer "conforming" and "non-conforming" loans.  Conforming loans are easier to sell in the Secondary Mortgage Market than non-conforming loans.  That's why conforming loans offer lower interest rates than non-conforming loans.  Also, if you're looking to refinance your current conforming mortgage (maybe you've got an ARM that's about ... 03/08/2008

It's amazing how many people (i.e. potential buyers) are out looking at homes now (2/11/2008).  This past weekend, I went to show one of my new listings at 802 Twin Oaks Drive in Potomac to a couple who called me from an internet ad.  When I got to the home, there were 2 agents in the home already with their groups of buyers.  My couple came, and then another agent came with his buyers.  It was like a party -- there were 16 people there seeing the home at the same time.  When I tried to leave, more people came.  The home for sale next door was open (it was Sunday).  People naturally tried my home next door to see if they could see that, too, since they were there.  My clients did not want me to hold their home open to the public, but since there were so many people already coming throug... 02/11/2008

Per the MRIS MLS (our regional MLS system), the average sales price of homes in Potomac, Maryland increased 3.49% from December 2006 to December 2007.  The media certainly is not focusing on this positive aspect of our local real estate scene.  With interest rates so low, it's truly a great time to buy a new home; but it's this is also good news for Sellers. 02/03/2008

MARKET UPDATE:  FHA HAS RAISED THE LOAN LIMIT TO #729,750.  While conventional loans are becoming more difficult, FHA LOANS with 5% down may help.  Think about it and call me for a tour of homes in Potomac Maryland.  The 20854 Zip Code.   Three homes in Potomac are offered for "Short Sale".  They are priced in the $550,000 to $729,000 price range and all in FHA range.  LUXURY HOMES IN POTOMAC MARYLAND - THE PREMIER LUXURY HOME COMMUNITY IN MARYLAND.                                             Lovely homes on beautiful natural lots are typical of Avenel, a luxury home community in Potomac, Maryland.  Luxury is only the beginning of THE AVENEL STORY.                                     Located in the town of luxury communities of Potomac,Avenel is the only community in the area with ameni... 12/04/2007

I dont know much about blogs. my son has one and i have looked at it but otherwise i am clueless. i am challenged by the entire IM world as well. I would love to hear from anyone who reads this so i know the following:1. how did you get to it?2. why did you get to it?3. what do i do with the information that you have read it? Thanks much, minka goldstein 11/20/2007

Real estate sales in Potomac, Maryland are still hot compared to the national market.  Sales prices are up ~28% over this time last year and there has been a ~4.8% increase in sales from just last month.  With less pending inventory due to the holiday season, the demand for housing in Potomac, Maryland will increase and drive prices even higher.  Spring should be a great market for Potomac, Maryland.  Now is the time to buy if you are looking to live in the neighborhood!  11/01/2007

Remember when all you heard was, "Buy as much as you can".  Well.....unfortunately that was a huge mistake.  What ever happened to SAVING FOR A RAINY DAY?  When I was growing up, I was taught you should not spend more than 1/4 of your take home pay towards either rent or a mortgage.  Today I hear it's closer to 1/3.  Bottom Line:  There will always be a Rainy Day for one reason or another.  Employment is so different today from 20-30 years ago.  Then, people stayed with their jobs for years and years.  Today, everyone seems to be starting a new career every 2-3 years.  When BUYING A HOME, buy only what you need.  Eventually you'll learn there is no satisfaction is loosing everything.  DON'T OVER-BUY, PLEASE. 10/27/2007

I love, love, love being a Realtor.  To me, it's a puzzle.  Match the Buyer with the Seller and everyone wins.  Who could ask for more? Even in a changing market, there is something for everyone.  I think without the Internet, Marketing yourself would be an antique soon to be forgotten. Internet Marketing can keep you busy day and night, sooooo,  find the right sites and check them out carefully before taking your time to Market to the unknown.   10/25/2007

Potomac InformationThank you for visiting my blog.  Below you will find information on Potomac, Maryland. If you would like to know more, please feel free to give me a call.  I can also share with you which neighborhoods tend to be more "family" oriented, discuss the real estate market in general, and assist you in finding your dream home. I can be reached at 888.321.4556 or via email at timon@ehomesearch.us.  Please visit my website at http://www.ehomesearch.us/.                                                                        Potomac, Maryland  Potomac is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. The name "Potomac" is from an Algonkian language and is translated as "where something is brought. History In 1716, the Canaze ... 08/06/2007

BEAUTIFUL HOMES IN POTOMAC MARYLANDAll you need to buy the home below is a strong desire to live in a community of luxury homes, close to Washington, D.C., Bethesda, Northern Virginia, Rockville, MD, NIH, Tysons, Dulles Airport - ANDBe the proud owner of a home like the ones below - AND AND ABOUT $5,000,000  HOMES LIKE THESE ARE TYPICAL LUXURY PROPERTIES ON THE MARKET IN THE TOWN OF POTOMAC, MARYLANDHome on left SOLD by Lenn Harley, Broker of Homefinders.com in 2006.  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~      ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ About $6,800,000 will buy the one on the right.  In the market for a luxury home in Potomac?  Consider the community of Avenel.  Lovely homes priced from about $1,500,000 to about $4,500,000.    Examples of homes in Avenel in Potomac, Maryla... 05/13/2007

THE AVENEL STORYAVENEL UPDATE HERE - April 10, 2008A very popular location for luxury homes in Potomac Maryland is Avenel, luxury communities and buyers for luxury homes in Maryland.  One of the more popular communities for luxury home buyers is AVENEL.  With an average list price for ACTIVE home listings in the $2,000,000 plus price range, Avenel offers style, beauty, amenities and opportunity to live in a vibrant community in Potomac.  With approximately 1014 deeded properties, 880 of which are single family detached and the rest luxury town homes, many backing to the Avenel golf course, the size of the community is large enough to have more amenities than any other luxury community in Potomac.  The average price for homes for sale in Avenel is $2,195,663 with a high offering price of... 12/01/2006