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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 becoming a "Buyer's Market". The supply of homes is high, and the demand is somewhat low. Interest rates are still low, so it's a great time to buy! 
Investment Real Estate >Your Own Dormitory
Your child has just been accepted to a university. When you look at the room and board fees, you nearly go into shock! If the school is located in a large metropolitan area, there is an interesting alternative to the college dormitory.
Many parents are investing in condominiums or single family homes near the college campus. They rent the house to their children and one or more roommates. When their son or daughter graduates, they sell the property. The property's anticipated appreciation may go a long way toward helping to finance college expenses.
Many parents sit down with a local real estate agent after their son or daughter is accepted to a college. A real estate agent can provide information about neighborhoods near the school, properties that are for sale, and the amount of rent you can expect to receive from the property.
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| Q |
What house is considered to be the first house with running water in America?
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| A |
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
