Local Real Estate Market

Local Real Estate Market

About the Montgomery County Real Estate Market
 
Agents here co-op with each other. What this means to you as a consumer is that, as a buyer, you can see any listings on the market with one agent. As a seller it means that every agent in the county, regardless of brokerage, can show and sell your home.
In Montgomery County, the transfer and recordation taxes, which are approximately 2% total, are "split between the buyer and the seller, unless otherwise negotiated", per contract. This was designed to help lower purchaser's closing costs, which, after the split of taxes, are about 4% of the sales price. If this is the first time you have purchased a home in Maryland, you save an additional 1/2% on your closing costs!
At this time, the market is changing from a "buyer's market" to a "seller's market". The supply of homes is low, and the demand is increasing. Interest rates are still low, so it's a great time to buy!
 
 
 
 

Contact Information

Photo of Amy & Mike King Real Estate
Amy & Mike King
King Real Estate, Inc.
15308 Morningmist Ln
Silver Spring MD 20906
Amy's cell: 301-467-1877
Mike's cell: 301-467-5677
Fax: 301-598-1446