⬇️ Looking to move to Montgomery County MD? Lets Chat! ⬇️
This is the go to site for Montgomery County MD Real Estate. I am a licensed Realtor in Maryland and this real estate site will give you the neighborhood profiles for every part of the county. I grew up in Maryland and am passionate about real estate in Montgomery County (affectionately called MOCO.) I hope my short, informative videos will help give you insight and provide you with value as you make a decision in buying or selling a home in MOCO. For more information on houses for sale in Silver Spring, Fairland, Rockville, Gaithersburg or any other MOCO MD real estate need, please email to set up a private consultation.
Prices have definitely increased over the past few years. But we have a lot of affordable areas in someone our secondary markets that a lot of people are moving to as well. 👍🏾
Facts. DC say DC. For real for real only people around here who say DMV is MD/PG people. Everybody just says where they from. But nationally it’s know as the DMV
@@danwheelersellshomesDMVRealtor I understand, but see any reality where that first house is worth $715,000. But anyway, you very likeable, my wife and I are getting ready to start looking for a house to buy, I think we would like working with you. Do you just do MoCo, or do you do the entire MD?
@@yessir8805 I know that fool. He said the university of Maryland, there’s a umd shady grove in Rockville . I didn’t hear him say umd college park, if he did time stamp it for me lol
@@danwheelersellshomesDMVRealtor We have an "inventory deficit" only in a handful of highly desirable legacy jurisdictions with absurd regulatory and zoning regimes that continue to prevent new units from being built at scale. All over the rest of the country there are huge suburban housing developments that have gone up in the last two years which have half the units sitting unsold now that demand has slowed. Loan originations have tanked by 50% or more, mass layoffs occurring on both the financing and construction sides of the residential market, prices already having dropped by up to 10% on these unsold homes have still not enticed buyers... Everything points to a big-time unwinding over the next couple years. May not be as sharp as 2008, but will probably be deeper granted how much worse the overall economic climate is now; and like before certain privileged jurisdictions will be shielded from the worst effects due to evergreen demand, but most of the rest of the country will take major hits to inflation-adjusted home values that will take a long time to recover from.
@@danwheelersellshomesDMVRealtor Me personally? Getting capital and financing quals prepared in advance to hunt down a well-located fourplex in a jurisdiction that's still poised for growth in the medium-to-long term, buy it with an FHA loan, live in one unit rent the others while making improvements for a couple of years to satisfy owner occupancy requirements, before repeating that strategy with a second and ultimately third property snowballing the cash flow forwards towards larger loan qualifications for nicer properties each step along the way. Won't build much equity if any at all for 4-5 years on each property, but by that time residential real estate prices will be recovering and equity will start to grow from the market conditions alone even if I'm still early in my amortization schedules, plus I'll have the option to refi at much lower rates by then, so I'll be sitting on both the enhanced cash flow from all my units plus a reservoir of equity for any further improvements or emergency repairs that are needed, also with the option to simply exit and capture that equity if I'm tired of managing 8-12 units and decide it's not something I want to deal with indefinitely.
Idk all these people taking tour advice and only putting down 3% on the house sounds a lot like the bs that was going on in 08 and we all know how that turned out. Probably better to put that 20% down
Not actually. 3.5% is very common. What happened in 2008 was No Income No Job verification loans. Plus Adjustable Rate Mortgages and Mortgage Fraud by Appraisers and Banks.
