Crofton MD–CCA General Membership Meeting, January 17, 2012

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Crofton, MD residents can join their friends and neighbors at the Crofton Civic Association on January 17, 2012 at the Crofton Elementary School. The meeting will start at 7:30 with the appropriate Pledge of Allegiance.

The AGENDA for the meeting will include:

  • President’s Message – Steve Grimaud
  • Presentation of the FY 2013 Budget
  • Other business
  • Citizen comments

If you like how Crofton is being managed, or if you have some recommendations for change, come on down to the Annual Meeting and let your voice be heard. Looks like the recommended budget for FY2013 is $1,350,882.

Hope to see you there.

Snow date is January 23, 2012

What do you do if you receive multiple offers on your Annapolis home?

Admittedly, multiple offers happened with more frequency a few years back, but they are coming back for some homes in this market. These are the ones that are priced right, in good condition, and marketed effectively.

For many sellers, the first reaction is to take the one with the highest dollar amount. This may, or may not be a good strategy. The contracts in this area can run upwards of 40 or more pages. Your agent will help walk you through all the details and nuances of the offer, before you make a decision. Some of the things you might have to think about, besides the dollar amount are:

  • Financing. This is one of the biggest factors you, as a seller, should understand about the offer. Not all financing is the same, and your agent should be contacting the bank who submitted the pre-approval letter to assess the strength of the buyers capability to get the loan. Financing is the main reason that deals fall through.
  • Inspections. Do both offers ask for the same inspections, or does one ask for the entire buffet of inspections. Is the home inspection addendum written to allow the buyer to escape the contract if anything is found on the inspection?
  • Settlement Date.
  • Appraisal. Just because someone offers you more money in a multiple offer situation, the house still has to appraise for the higher amount. If it doesn’t appraise, the “additional” money you thought you were going to get could very easily disappear.

These are a few of the items that you should take into consideration when reviewing multiple offers with your agent. Of course, the offer price is important, but you should never forget the “intangibles.” In my experience, every offer has a flaw, or flaws in it somewhere. It’s up to you and your agent to uncover them.

If you’re not already working with an agent to buy or sell a house…I can help. Call Rich at 443-995-9595.


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Short Sales and your Annapolis, Bowie, Crofton MD home

Due largely to the economic downturn, the real estate market in this area, and many areas of the country, have been hit with short sales. A short sale is one where the owner/s of the home owe more on it, than it is worth, and the bank/s agree to take a loss on the sale.

A common mis-conception with short sales is that the bank owns the home, they don’t. In the case of a foreclosure purchase, the bank does own the home, and while they don’t in a short sale, they must approve the sale since they’re taking a loss.

Not everybody can short sale their house just because they owe more on it than it’s worth. One criteria for a short sale is that a hardship must be present. Some types of hardship that are acceptable are:

  • Loss of employment for either one or both owners.
  • Death of a spouse.
  • Health issues.
  • Relocation for a job.
  • Divorce/separation.
  • Inability to pay due to debt.
  • Military service.

If you’re interested in buying or selling a home in this area, including Annapolis, Bowie, Crofton, give Rich a call at 443-995-9595.

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Crofton MD – Real Estate Statistics for November, 2011

The Crofton, MD real estate market had a pretty good November 2011, compared to last year, and last month. Two of the most important sales statistics, Sold Dollar Volume and Closed sales, increased nicely. The median sold price has dipped since last year, but this is affected greatly by the types of housing sold in any given month. Considering that Crofton, MD has homes in the $100K price range, and all the way up to $700K, a few extra sales in the lower price ranges affect the median and average sold prices.

Days on the market compared to October 2011 showed a pretty large increase of 41%…not particularly good news for sellers. The average for November is close to four months now.


Moving forward, this is a pretty interesting chart. In November, 2011 the pending contracts outpaced new listings. Pending contracts is an early indicator of future performance. The more pending contracts, the more sales in the coming months. With pending contracts up, and new listings down, this is an indication that the Crofton, MD inventory will shrink. Good news for current sellers, and a great motivator for buyers to get off the fence.

Crofton MD Real Estate–Homes for Sale in Crofton, MD, 11/23/11

Crofton, MD continues to remain a destination community for buyers relocating into the area. This shouldn’t be a surprise since Crofton has excellent schools, a fantastic location, and a decent selection of single family homes, townhouses, and condos in all price ranges.

Buyers shouldn’t wait too long though since the number of listings has now dropped below 100, for the first time in a while. Despite that, there are still quite a number of opportunities for buyers to grab a deal on a Crofton home, while interest rates are still low.

The map below shows all Crofton, MD homes for sale. Click on any of the icons to get detailed information, and pictures, of all active listings.

If you’re not already working with an agent to find a home in Crofton, MD, or anywhere in the surrounding area call Rich at 443-995-9595.


Crofton MD Real Estate–Crofton MD Rentals, October 26, 2011

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The Crofton MD rental market remains strong, and has been strong since the beginning of the year. This is primarily due to the fact that many of the employees coming into Ft. Meade, as a result of BRAC, are renting, rather than purchasing.

This has put continued pressure on the rental market in the entire area. As a result of the low inventory, you’re also seeing pretty heady prices as well. Today, rental prices range from $1,400/month for a 2 br, 1 ba condo, all the way to $3,200/month for a 5 br, 4 ba single family detached house.

The link below points to all of the current active Crofton, MD rentals, today October 26, 2011.

Crofton MD Rentals

If you’re looking to rent a home in Crofton, MD, or the surrounding area…give Rich a call at 443-995-9595.

Crofton MD Real Estate–September Market Statistics

I can tell you that Crofton REALTORS® are trying to figure out what’s going on with the real estate market in the last two months. No, we don’t always have the answers. After a great start to the year, the market seems to have stalled, especially when viewed by the declining market in August and September sales in zip code 21114.
With interest rates still very low for qualified buyers, and prices in Crofton now at an affordable rate, throw sellers willing to negotiate into the mix, and you’ll understand why the market activity numbers are puzzling. September was down -33% from September of last year, and down 24% over August 2011. What’s going on?
If I had to put my finger on it, I would say that buyers are fearful of the economy in general. Buying a house is going to be one of the largest financial transaction they’re going to make in their lifetime, and the general economic malaise that has been suffocating the country is still here. Crofton, MD, and several other communities, are being affected by larger economic issues. Those too will pass.
One positive indicator is pending contracts. While they aren’t trending up, they aren’t trending down either. From the looks of it, we’ll be sliding sideways in market activity as we go into the Fall and Winter months.
As you know, when sales goes down, other indicators take a hit as well. The median price is down slightly, and the average days on the market has jumped. These indicators generally track pretty closely with sales.
Buyers, I hope you can see an opportunity to get into a great Crofton, MD house before competing buyers make the connection.

If you’re not working with an agent, and would like to get into a great Crofton, MD home…call Rich at 443-995-9595.

Crofton MD–Blessing of the Animals, Sunday October 2, 2011

ar-st-francis-copyThis Sunday, October 2, at St. Elizabeth Ann Seton Church in Crofton Maryland, the annual ceremony of Blessing of Pets will happen. This ceremony is associated with the feast day of St. Francis of Assisi, a Catholic saint, held on October 4th.

The blessing will occur, rain or shine, after the 11 AM mass, at the back of the church. All participants are encouraged to bring along a pet food donation, which will be given to the ASPCA.

Dogs, cats, birds, hamsters…bring them all. The lineup and sprinkling of holy water will occur outside, at the rear of the church.

The actual Blessing in honor of St. Francis goes like this:

“Blessed are you, Lord God, maker of all living creatures. You call forth fish in the sea, birds in the air, and animals on the land. You inspired St. Francis to call all of them his brothers and sisters. We ask you to bless this pet. By the power of your love, enable it to live according to your plan. May we always preach you for all your beauty in creation. Blessed are you, Lord our God, in all your creatures! Amen.”

Crofton, MD and the theory of evolution

Lurking Swamp CreatureWikipedia defines Evolution as the change over time in one or more inherited traits found in populations of individuals.

When I woke up this morning I swear that I’m growing gills on both sides of my neck. Evolving to better handle the weather we’ve had here in Crofton, MD. Unfortunately, some basements around here have evolved too…into indoor pools.

I can’t remember the last time we didn’t have a rainy day here. Oh yeah…it was the day we had the earthquake a couple of weeks ago. Sunny, clear with just a hint of ground movement.

Finally, late this afternoon a giant orange orb finally peeked through the clouds. Someone mentioned that they remember it’s called the Sun. Go figure, they actually have a name for that thing.

Crofton residents…my iPhone tells me that big orange orb will be back out again tomorrow, Saturday. Enjoy it while it lasts, because it looks like it goes back into hiding again Sunday.

Crofton, MD, Advances one new business at a time

ar-advance-autoNo small community likes to lose a business that has been an anchor for so many years. Last year, the local Blockbuster store, located at Rt. 3 and Cronson Blvd., closed its doors. Long time employees were let go, and a valuable space, and tax resource, was left empty.

A couple of months ago, construction activity started, and new signs were up and running at the location.Advance Auto Parts, a large corporate business, opened a branch in Crofton. Officially called, Store 8849, it’s now a favorite of many Crofton residents.

Admittedly, not everyone who goes into Advance Auto is doing their own car repairs, there is also a large selection of cleaning products, and accessories. You don’t need to be a mechanic to love Advance Auto Parts.

Advance Auto Parts
1268 Rt. 3 S
Crofton, MD 21114
410-451-7201

WELCOME TO CROFTON!

The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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