New Legislation Requires Carbon Monoxide Detectors in all Baltimore Homes

Beginning March 1st each level of your home which has a bedroom must have a carbon monoxide detector. See link below for details.

http://wjz.com/local/carbon.monoxide.baltimore.2.1513904.html

Just Listed! ~925/927 Charles Street South ~

Priced at $499,900 this is an excellent investment opportunity! Two adjoining buildings with retail space on 1^st floor and two separate 2 bedroom, 1 full bath apartments above. All are currently tenant occupied and separately metered.

Commercial property being used as an art gallery with four large rooms, half bath, and basement. Current tenant has occupied this property for 12yrs.

Apartments consist of two levels served by a common stairway and accessible from rear walkway.

Whether you are in the market for a new home or looking sell, give me a call or send me a quick email since I would love to help!

http://magandrane.com/MyListings?operation=Details&listing_id=1360154745&ls=MRIS

JUST LISTED IN FEDERAL HILL!

This charming row home boasts exposed brick, wood burning fireplace, hardwood floors, renovated kitchen w/ SS appliances, new windows throughout, roof replaced in '05, new hot water heater, & a back deck perfect for entertaining. Located on a one-way street w/ permit only parking!

1304 MARSHALL ST, BALTIMORE, MD 21230

New Program Beginning August 1st for First Time Homebuyers!

Community Development Block Grant

CDBG's First Time Homebuyer Program

What is it?

Beginning August 1st, the Office of Homeownership established a new program designed to

assist first time homebuyers. The program, the Community Development Block Grant

Program, can give qualified first time homebuyer $5,000 toward down payment and

settlement expenses.

Who is eligible?

First-time Baltimore homebuyers with a counseling certificate from a City Approved

Counseling Agency.

Upon receiving a counseling certificate, the borrower can then find a property and sign a

contract to purchase. Once executing a contract, the borrower must bring that contract back

to the Counseling Agency to have the CDBG program application completed. The property

must be inspected utilizing an HQS inspection. Please be absolutely certain that there is no

peeling, flaking, chipping paint inside or outside the purchased property.

Additionally, active City employees may already qualify to receive $3,000 in home buying

incentive funds. If you attend the Eastside Trolley Tour September 12th at City College High

school, you may qualify for another $3,000. Also, if you purchase before November 30, you

may qualify for the $8,000 Homeownership Federal Tax Credit.

What are the benefits?

A possible combined amount of $11,000 in incentive money and a possible $8,000 tax

credit.

What are the restrictions/loan terms?

The funding source for the CDBG program have 80% median income limitations. You must

be within the income limitations to qualify for this program. The income limitations are as

follows:

1 person $44,800

2 person $51,200

3 person $57,600

4 person $64,000

5 person $69,100

6 person $74,250

7 person $79,350

8 person $84,500

Open House Sunday 2/14 12-2pm in Roland Park!

I hope to see you at my upcoming open house this Sunday! ~This one-of-a-kind Roland Park home is not to be missed~

205 LONGWOOD RD, BALTIMORE, MD 21210

TAX CREDIT OPPORTUNITY - THE CLOCK IS TICKING

Many first time home buyers and current homebuyers have already taken advantage of the extended tax credit, but the deadline for this unprecedented window of opportunity is quickly approaching. With the average home buying process taking about 60 days, buyers should be searching now. Meanwhile, sellers should have their properties on the market to comfortably meet the April 30th deadline to be under contract.

A first-time buyer, which includes anyone who hasn't owned a home in the past three years, may be eligible for up to an $8,000 credit on the purchase of a primary home. Current homeowners looking to move up or downsize to another primary residence may be eligible for up to a $6,500 credit.

The initial tax credit and recent extension were great news for the housing market and overall economy. Sales began to increase and the economy saw signs of recovery.

Some buyers received tax credit checks within a few weeks of filing their amended returns, enabling them to replenish savings for closing costs, make upgrades to their new homes or simply put away some extra cash.

This enormous opportunity still awaits buyers and sellers today. Coupled with historically low interest rates and unprecedented home affordability, it is an opportunity not to be missed, but time is of the essence.

If you or someone you know would like to discuss how to take full advantage of either tax credit before the April 30th deadline, or to discuss selling your home, I have the expertise to assist you.