Montgomery County, Howard County, Silver Spring, Rockville and Olney real estate and homes for sale in Maryland - Mike and Amy King - REALTOR®

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Local Real Estate Market

Welcome > Local Info > 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 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!

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Real Estate Tips

First Time Buyers >Finding A Real Estate Agent

Finding an experienced, reliable real estate agent whom you like and trust is the first step in locating your new home. Here is an approach to finding the right agent.

Call or stop by a real estate office and ask to speak with the manager. Describe the type of home you are looking for. The manager can refer you to an agent who knows that market very well. You might also use weekend "open houses" as opportunities to look for a real estate agent, as well as a new home. It is really a matter of chemistry! If you meet someone who is knowledgeable and with whom you feel comfortable, call that person!

Once you establish a strong working relationship with a real estate agent, your agent can show you a number of homes for sale, even if they are listed with other companies. Often the agent can show you a property as soon as it is placed on the market. Many of the best homes never even make it to the weekend classified section of the newspaper!

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Real Estate Trivia

Q	Nearly every state has a mandate for seller disclosure. What must a seller disclose?
A	The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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Mike and Amy King, REALTOR®, real estate agent and broker for Montgomery County, Howard County, Silver Spring, Rockville and Olney, Maryland home listings, property and land for sale - NUMBER1EXPERT

Mike and Amy King
King Real Estate, Inc.
15308 Morningmist Ln
Silver Spring, Maryland 20906
Office: 240-242-4346
Amy's cell: 301-467-1877
Mike's cell: 301-467-5677
David's cell: (301) 706-8254
Fax: 301-598-1446
Email: king@NUMBER1EXPERT.com
Real Estate License: 5191
Amy's email: amyking@mris.com
Mike's email: mking@mris.com
David's email: dnmarshall@hotmail.com
Amy & Mike King have 24 years of combined experience in the Real Estate, Mortgage and Home Building industries! Their specialty is Real Estate in Montgomery County, but also have extensive experience in Howard and Price Georges counties. They are #1 when it comes to helping families make a smooth transition when moving here. Amy & Mike are a successful team who work together with you and for you!

www.montgomerymdhomes.com is brought to you by Mike and Amy King, real estate for
Montgomery County, Howard County, Silver Spring, Rockville and Olney, Maryland

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