lisa longest: Avoid 3 Common Remodeling Mistakes - 05/25/11 01:31 PM
The road to bad remodeling is paved with good intentions.  Anyone tackling a major project wants his home to look and work better--and to get a reasonable return on investment. But renovations are packed with so much stress and emotion that it's easy to go wrong.
With that said, let's learn how to keep from falling into these 3 common mistakes.
1.  Being a slave to fashion:  The more up-to-the-minute your project is today, the more out-of-date it will seem in 5-10 years.  So, go with classic choices that match the house's original style.
2.  Skimping on the design:  Make sure your … (0 comments)

lisa longest: Housing Inventory in Queen Anne County-Stevensville MD - 05/25/11 01:27 PM
So you have a house on the market in Queen Anne County on the beautiful Eastern Shore of Maryland and can't figure out why it's not selling.  Well, there really could be a variety of reasons, however, I am going to discuss just one possible reason:  INVENTORY! 
The absorption rate of your area is very important to know when pricing your home to sell it.  If you really want to sell to move on, you may consider the absorption rate before considering market value.  You may want to consider a selling price based on the absortion rate.
Not sure what the … (0 comments)

lisa longest: Housing Inventory in Queen Anne County-Stevensville MD - 05/17/11 04:22 PM
So you have a house on the market in Queen Anne County on the beautiful Eastern Shore of Maryland and can't figure out why it's not selling. Well, there really could be a variety of reasons, however, I am going to discuss just one possible reason: INVENTORY!
The absorption rate of your area is very important to know when pricing your home to sell it. If you really want to sell to move on, you may consider the absorption rate before considering market value. You may want to consider a selling price based on the absortion rate.
Not sure what the … (0 comments)

lisa longest: Bay City Community Stevensville Md - 04/19/11 06:57 PM
Bay City is one of the few communities located directly on the Chesapeake Bay. This community consists of approximately 700 single family property owners and is situated just south of the Chesapeake Bay Bridge on Maryland’s eastern shore. For BCPOA members the community has two waterfront parks. The south park is located directly on the Chesapeake Bay, its amenities include picnic tables, grills and a play ground. At the south park you can enjoy the picturesque views of the bay while your children or grandchildren are swinging at the play ground. The north park is for the boaters and crabbers; it … (1 comments)

lisa longest: Anti-Septic Legislation in Stevensville, MD - 03/02/11 01:42 PM
New legislation aims to ban septic systems in new large subdivisions. Proponents say it will decrease pollution and promote smart growth, but critics including Senator E.J. Pipkin, an Eastern Shore Republican, say it will hurt the state's rural areas. The bill would require the subdivisions to obtain access to public sewerage systems or to use technology to treat sewage to decrease nitrogen pollution.
Governor Martin O'Malley says he supports the bill. The governor is backing a plan that would mandate new developments of 5 homes or more operate on top-grade shared septic systems. New groups of 4 or less would still … (0 comments)

lisa longest: Stevensville MD- Tenants Rights During Foreclosures/Short Sales - 02/11/11 03:08 PM
Okay, so you're not a homeowner. You have been renting for several years and now the landlord tells you that he/she is going through foreclosure, but for right now he is going to agree to a short sale of the property. (A short sale is an agreement with the bank to allow you to sell your house for less than is owed on the mortgage).
So you're wondering "Are there any special protections for me as a tenant of a house going into foreclosure/ or short sale?" Well, there is a federal law, the Protecting Tenants at Foreclosure Act, which gives … (0 comments)

lisa longest: Stevensville, MD- New Apt for Rent $1275 - 02/07/11 04:51 PM
http://www.exite-listings.com/etour.html/TOURID/65429
 

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lisa longest: Chester-MD Condo For Sale $188,000 - 02/07/11 04:41 PM

http://www.exite-listings.com/etour.html/TOURID/64369
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lisa longest: Stevensville, MD: Carpet or Hardwood Best for Condo Resale? - 02/07/11 04:03 PM
Okay, everyone knows we have quite a few condo's and townhouses in Stevensville and surrounding areas. So, I'm getting this question asked often: I am looking to remodel my condo for resale. What is the best for resale value? Hardwood/Laminate, carpet, a little of both?
In my personal and professional opinion, I would chose hardwood flooring. This is why. Most people will replace carpet when they purchase. Plus, carpet seems to wear so poorly, so I'm actually seeing less and less.
I never recommend running tile/travertine/stone throughout a home either, because I think it makes a home cold, in general. Yes, … (0 comments)

lisa longest: Pre-Sale Renovations: Do's and Don'ts - 01/30/11 03:05 PM
To get right to it...in today's market, expensive pre-sale renovations, for the most part, are not worth it! According to the National Association of REALTORS, the numbers bear this out: "In general, a home remodel will cost quite a bit more than you'll get back when you sell; remodels done in 2010 will only recoup 60% of their price when the house is sold".
What are the two areas that often are remodeled before selling? Right, the kitchen and the bathroom. So lets talk about what to do and what to avoid when considering a pre-sale renovation.
KITCHEN:
DON'T...Put in expensive … (1 comments)

lisa longest: Tips For Buying Foreclosures - 01/28/11 06:09 PM
You know that there are many foreclosures on the market, but you may not know or understand some practical rules that could save you money if you are interested in buying one.
I'm going to list just 5 tips you may want to consider:
1. Work with an agent who has access to foreclosure information. Don't assume that all agents have access to foreclosures, because they don't. Ask the agent if they have experience with them.
2. Bank owned properties generally close faster than short sales. That's because banks will prioritize foreclosures over short sales. They have already repossessed the foreclosed … (1 comments)

lisa longest: Is It A Good Time To Sell Or Should I Wait? - 01/26/11 10:14 AM
Is now a good time to sell my house or should I wait until house prices go up again? I hear this question often. But this is the answer you should hear from an agent that you pose this question to: Home selling potential always comes down to the nuances of local markets, specific zip code and even specific blocks.
A great location can trump factors like the unemployment rates, low and high mortgage rates,mortgage access, etc. For example, a classic home on a tree-lined block near a school(s) will always be in demand, despite the economy.
Now, are you perhaps … (0 comments)

lisa longest: Tax Time - 01/25/11 04:27 PM
As tax time approaches, the more prepared you are to file, the better. So I'm giving you 6 facts the IRS wants you to know about dependents and exemptions that will help you file your 2010 tax return.
Exemptions reduce your taxable income: There are two types of exemptions: personal exemptions and exemptions for dependents. For each one you can deduct $3650 on your 2010 tax return.
Your spouse is never considered your dependent: On a joint return, you may claim one exemption for yourself and one for your spouse. If you're filing a separate return, you may claim spouse only … (0 comments)

lisa longest: Real Estate in 2011? - 12/22/10 12:05 PM
Next year, housing prices will likely drop 5-10% nationally-finally hitting bottom, according to Altos research, a real estate data company.
That doesn't mean that we're instantly going to bounce out of that trough. Expect local price instability. Early 2011 will bring the usual seasonal bounce in prices, similar to this year's period of price stabilization that occurred before the expiration of the home buyer tax credit.
Altos' latest housing market update projected that an uptick in seasonal demand would start to be visible in the third week of January. But two supply trends will ultimately drive prices lower next year; rising … (0 comments)

lisa longest: Home Staging Tips - 12/21/10 01:07 PM
Selling a home in any market can be competetive. It's essential that you folow some simple, yet important tips to help you make your home more salable.
A quicker home sale can be reached by keeping in mind the needs of the home's most likely buyer and creating a fresh inspiring look just for them. The difference between a "For Sale" and a "SOLD" sign often boils down to effective staging a home to appeal to either the young singles, families, or empty nesters- the 3 largest customer segments that are likely to make an offer, and, since everyone likes an … (1 comments)

lisa longest: Stevensville Md Apt for Rent - 12/17/10 05:25 PM
http://www.exite-listings.com/etour.html/TOURID/65429
If you want to see this apt, contact Lisa Longest at Exit Gold Realty at 443-786-4200
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lisa longest: Pro's & Con's of Open Houses - 12/17/10 05:19 PM
This has always been a dilemma. Do we or don't we hold an open house?
Here are a few things to consider:
Pro's: Home sellers who allow their Realtor to hold an open house benefits from greater exposure, and the open house allows agents to bring in clients over a 3 or 4 hour period instead of scheduling an appointment. The seller would rather vacate the premises for a single event, rather than every time the agent schedules a showing.
Con's: Agents could be focused on meeting potential new clients rather than focusing on selling the home. Items could be stolen … (1 comments)

lisa longest: Smart To Buy A Vacation Home Now - 12/13/10 05:31 PM
Lately, you've been thinking alot about investing strategies. You have a small nest egg that needs to grow, but frankly, you don't trust the stock market. And while real estate has been somewhat a rocky road in recent years, it's still a solid long-term investment strategy-and clearly we are in a buyer's market. But you aren't interested in being a landlord. So what can you do?
Purchase a vacation home and rent it out to travelers! Vacation homes are almost always a good investment. Why? Vacation properties have the ability to pay for themselves, and owners often earn a profit in … (0 comments)

lisa longest: Stevensville, MD How To Rebuild Your Credit After Foreclosure - 11/30/10 01:50 PM
If you’ve been through a foreclosure, you may wonder if there is hope for you to become a homeowner again. The answer is yes, but it will take a while.
A foreclosure is a major hit to your credit history and stays on your credit report for seven years. Foreclosure is one of the FICO seven deadlies, regardless of the back story— whether it’s a job loss, rate reset, underemployment or other reasons.
So, after a foreclosure, your priority has to be rebuilding your credit. You’ll have some time to do so, because mortgage giants Fannie Mae and Freddie Mac impose … (0 comments)

lisa longest: Crafty Ideas for Winter Curb Appeal - 11/15/10 10:55 AM
During summer months when gardens are in bloom and the sun is shining, curb appeal comes naturally to many homes. But when the autumn turns to winter and the sun sets earlier in the day, it becomes more difficult to create inviting exterior looks that grabs buyers from the curb. Fortunately, it is possible to create striking winter curb appeal without expensive or complicated exterior changes. It just requires a little creativity. 1. Add splashes of green and purple. Plants, grasses, and evergreens liven up a home's winter landscape. And plants from the cabbage family add a vibrant purple color. Make … (0 comments)