Archive for January, 2011

The Power of Service

 

The Power of Service

I have a dear set of homebuyers whom purchased a house with me as their buyers agent . It was a pleasure to help this couple relocate from Connecticut to Maryland. They had lived here many decades ago and left to move north to be closer to family. With time passing, they decided to come back to the area they once called home. This wasn’t a huge home they purchased, nor was it an expensive home and often they wondered why I was spending “so much time” with them and helping them outside of my “realtor” duties. Well sometimes we get caught up in the “business of being business people” and it helps to take a step back and really see what your client needs. It meant a lot to me that they depended on my being there, asking advice, lending a needed helping hand, or simply wait for their moving truck pull up the the house when they couldn’t be there. Looking back, what they considered to be “unselfish” acts of kindness on my part, were really indeed selfish: I treated them like I would my own parents, serving them made me feel great and in that sense, I was selfish. When my own parents relocated to Florida I wasn’t able to be there for them. Serving my buyers allowed me to make peace with myself for that.Thank you Harriet and Norton for being so very special. It was a pleasure to be your agent.

Vicki K. Reyes GRI, Realtor

Remax Town Center

vickiRrealtor@gmail.com    301-452-0157

Montgomery County Condos for sale

Clarksburg Homes for sale

Mount Airy Homes for Sale

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Montgomery County Spring Market

What are the experts saying for the upcoming Spring real estate market?  Mr. Lawrence Yun, NAR chief economist, said historically high housing affordability is boosting sales activity. “In addition to exceptional affordability conditions, steady improvements in the economy are helping bring buyers into the market,” he said. “But further gains are needed to reach normal levels of sales activity.” With interest rates still low and warmer weather not so far around the corner Maryland, DC and Virginia should have a brisk spring housing market.

Happy 2011 and enjoy the househunt !

Vicki Reyes, Associate Broker

Remax Town Center  301-452-0157  vickiRrealtor@gmail.com

Montgomery County Condos for sale

Clarksburg Homes for sale

Mount Airy Homes for Sale

Housing Market Trends

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Housing Market Improving…. slowly.

Positive news for the housing market…..Pending home sales rose again in November 2010, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®.

“All the indicator trends are pointing to a gradual housing recovery,” Yun said. “Home price prospects will vary depending largely upon local job market conditions. The national median home price, however, is expected to remain stable even with a continuing flow of distressed properties coming onto the market, as long as there is a steady demand of financially healthy home buyers. Lawrence Yun is NARs’ (National Association of Realtors) Chief Economist.

Looking for a great home at a great price in Maryland ? I can help !

Vicki Reyes, Associate Broker

Remax Town Center

301-452-0157 cell

vickiRrealtor@aol.com

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MID, Defined.

 Mortgage Interest Deduction :
Individuals are permitted to deduct mortgage interest paid on mortgage debt of up to $1 million. The deduction is available for interest on mortgages for a principal residence and one additional residence. The $1 million limitation represents the combined allowable debt on two residences. Mortgage interest on up to $100,000 of debt on home equity loans or lines of credit also qualifies for the deduction.
As part of its FY ( fiscal year) 2011 budget, the Administration has proposed limiting the value of the MID for upper income taxpayers by, in effect, converting the deduction to a 28% tax credit for those individuals who are currently in the 33% or 35% tax brackets. Individuals with incomes below $250,000 would generally not be directly affected by this proposal.
In fact  the MID actually benefits primarily middle- and lower income families. Sixty five percent of families who claim the MID earn less than $100,000 per year, and 91 percent who claim the benefit earn less than $200,000 per year. As a percentage of income, the biggest MID beneficiaries are younger middle-class families.The removal of MID would have adverse impact on housing values and the pace of economic recovery. And this, Mr. President would be a huge mistake at such a critical time in this nations’ housing market.

Vicki K. Reyes

Remax Town Center, Associate Broker

Licensed in Maryland and Virginia

301-452-0157

Living and Loving Montgomery County, Maryland

vickiRrealtor@gmail.com

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