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If you have any questions or need more detailed information, please feel free to contact me via phone at 301.613.7253 or fill out the form to let us know how we can help with your real estate needs.

Office Location 795 Rockville Pike,
Rockville, MD 20852
Phone: (301) 613-7253
Fax: (301) 424-9290

All Blog Entries by Matt Lateer

There are currently 6 blog entries published by Matt Lateer.

What is the Obama administration's newest attempt at hedging future foreclosures? Hafa video!

Friday, April 23rd, 2010 at 5:41pm. 160 Views, 0 Comments.

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Only a few short years ago, even Real Estate Agents did not know what a short sale was!  My, how things have changed... 

Banks have estimated that the majority of short sales will have been processed by 2014.  More than 1 in 4 of all homes are now backed my mortgages that are worth more than the collateral that secures them: the homes themselves! 

The Department of the Treasury recently put out a new progam called HAFA (Home Affordable Foreclosure Alternative), which should make things more standardized and efficient in regards to short sale transactions.  Through shorter time frames and cash incentives to underwater sellers and unpaid mortgage servicers this program could help the negative perception which has come to accompany the short sale.

 I have…


Location, Location, Location vs. Jobs, Jobs, Jobs!

Tuesday, February 23rd, 2010 at 2:30pm. 188 Views, 0 Comments.

 

potomac_400Unemployment in MD, DC, VA & US

Interested to see how the DC metropolitain area stacks up in unemployment when compared to the nation?  I think you will find this interesting, and the graph below updates automatically and so is current now!  Please post your thoughts below, I would be interested in your opinion...

PLEASE NOTE: You can click on the graph to see actual numbers

 

 


Clutter Eats Equity: Home staging made simple!

Wednesday, August 26th, 2009 at 12:59pm. 425 Views, 0 Comments.

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The current market that we find ourselves in can be challenging enough without having to deal with a property’s poor condition.  Staging can make a home sell much more quickly and for significantly more.  We’ve all seen a cluttered home that has turned us off.

  

Following are a few basic tips that Thomas and I implement in readying a home for the market.  Remember, “CLUTTER EATS EQUITY”.  More clutter results in substantially less profit from the sale.

·         Depersonalize:  Pack up family photos that act as a distraction (while interesting, they just draw attention from what we are really trying to sell).

·         Open all blinds and curtains to allow for the most natural light possible.

·         Remove excess furniture to make rooms appear larger. …


Spring 2009 ICC Update (Georgia Avenue to Emory Lane) *Many pictures!*

Wednesday, July 8th, 2009 at 7:06pm. 430 Views, 0 Comments.

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Whatever your opinion on the ICC, the impact of the ICC is far reaching: Geography has been impacted in ways that will last forever, travel out of the area will likely become more convenient, new traffic patters are going to evolve, and new walking/ biking paths will emerge. 

Matt recently had the opportunity to go up in a helicopter to do a little aerial photography, and came back with the the shots included in this post.  The shots are from early spring (vegetation is lighter, and so more can be seen without leaves, etc).

Click here for more information on how the ICC has affected a specific property value

**Next week look for ICC pictures from Emory Lane west to Muncaster Mill. 

 

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Spring 2009 ICC Update ((Emory Lane to Muncaster Mill Road)) *Many pictures!*

Wednesday, July 8th, 2009 at 7:06pm. 699 Views, 0 Comments.

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This blog is a continuation from the last post, part 2 of 2 of our pictures updating the progress of the ICC.  The pictures below are all taken East of Muncaster Mill Road.  A couple of the close ups are slightly blurry.  You’ll have to forgive me, as that can happen with a couple of thousand feet between the helicopter and the target.  

-Matt

 

 

 

 

Click here for more information on how the ICC has affected a specific property value

 

 

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Foreclosure Auctions: Are they a good deal?

Wednesday, July 8th, 2009 at 7:05pm. 419 Views, 0 Comments.

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Recently I attended a real estate auction on behalf of a client who wished to bid on the property. Thomas and I have been to countless auctions, in fact, both on the front steps of the Montgomery County Courthouse and on the front lawns of the properties being sold (as in this case). In our experience, there are many nuances to consider when attending a real estate auction that most investors—never mind the general public—don’t understand. The process only takes from 3-15 minutes, and a lot can happen very quickly that requires considerable preplanning. And after all of this time and effort, are foreclosure auctions even a good deal? Hopefully the following will help you address these issues if you choose to attend one.

The property that had peaked our…


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