Recently, a former landlord/client of ours decided to go his own way in terms of managing his rental property. He had been with Chesapeake Property Management for a few years, but decided he wanted to "save the commission and property management fees" and thus, attempt to find a tenant and manage his properties on his own.  With his ...

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When homeowners ask us "should I sell my home or should I rent it out", there are a series of questions that we ask the homeowner in return to help them evaluate all of their options and arrive at the best solution for them.  Because no two situations and no two clients are the same, everyone answers these questions differently. ...

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If you had a foreclosure or a short sale and are ready to venture into the real estate market again, you are probably wondering what it will take to make home ownership a reality. We spoke with Jennifer Orner from Prime Lending again to get three tips for what buyers can do after they've been through foreclosure or a short-sale to become...

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When you apply for a home loan, your first thought is going to be "where do I start?" I spoke with lender Jennifer Orner from Prime Lending in Baltimore about some lending terms you need to know before you apply for a mortgage. Pre-approval versus Pre-qualification "With most banks, there's not a difference." Orner said. "A pre-approval&...

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People choose to rent out their homes for a variety of reasons. Maybe you've received a job offer in a new area and don't want to wait to sell your house, or maybe you are not in a financial position where selling is the right decision for you at this time.  Whatever the reason, you should also be aware that renting out your property...

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As you prepare to sell your home, you should be aware that there are a few factors that may influence how quickly and how much your home may sell for. Some of these factors may include: location, size and age of your home, your home's condition. However, subjective factors that may influence how a potential buyer feels about your home may...

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If you are considering moving and wondering whether you should rent or sell your existing house, you may want to consider some of the tax breaks associated with renting out your home. When done well, you can save quite a bit on your taxes by owning a rental house. However, before you assume you will save money on rental properties, take s...

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When selling, purchasing, refinancing or remodeling a home, one of the first questions that one has to answer is: “What is my home worth?”  Determining the value of a home is one of the most important pieces of information a seller or buyer needs when making a decision about selling or buying a property. Knowing the value...

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