Page 12 - June 2021 Issue.indd

Samaritan House
THRIFT SHOP
Wed.-Fri. 10 AM - 2 PM
Sat. 9 AM - noon
Because you deserve qqualified, llocal representation
Fifth Street in Denton behind the Post Office
when managing life’s important issues.

? ESTATE PLANNING
? RESIDENTIAL & COMMERCIAL 300 Market Street
Suite 104
REAL ESTATE AND SETTLEMENTS Denton, Maryland
? LLC FORMATION & BUSINESS LAW 21629
? MUNICIPAL & ENVIRONMENTAL LAW SERVING THE COMMUNITY
? GENERAL LEGAL COUNSEL 410.310.1774 THROUGH YOUR SUPPORT
Sponsored by United Concerned Christians
Our attorney, Patrick Thomas, and our Settlement shayman@mlg-lawyers.com
Agent, Sandy Hayman, are available to travel to your www.mlg-lawyers.com you more funds to go toward purchasing
preferred location.
a new home.
Third, do improvements that will
Dave’s David Grinavic, enhance the value of your home.
ASE Master Technician Bathrooms and kitchens are two areas
Riverside 32600 Main St. where you get the highest return on the

Garage, Inc. Queen Anne, MD 21657 invested dollar, and adding living space
can be a great way to increase value.
410-364-9336
Adding a third bedroom to a 2-bedroom
COMPLETE AUTO REPAIR & MAINTENANCE house will increase value signifi cantly.

The downside of investing in improving
• Computerized Engine Diagnostics Oil & Filter Change
• Performance Tune-Ups up to 5 quarts of oil (most cars) your home is that it may become more
• Front End Alignments desirable for you to keep it.
• Brakes • Shocks • Electrical Repairs $ 95
• Battery Replacements • Mufflers 25 + tax Some doomsayers are discouraging
• Tires (Rotate and Balance) young adults from purchasing their
• A/C Service • Exhaust Systems MD State first home because current prices are
$
• Lock-Out & Jump-Start Service Inspections 60 too high. I say, relative to what? No
• And more!!! one knows how much a home that is
purchased today will be worth three,
many economists and experts, more Until this begins to happen, buyers five, or seven years from now. All current

knowledgeable than I am, are saying that will be competing with multiple off ers. indicators are that they will not be worth
real estate prices will continue to go up, And if they are successful and given the less; at worst, the value will remain the
possibly until the 4th quarter of this year opportunity to buy a home they can same.
or the 1st quarter of 2022. So the most prepare for the possibility that the value
relevant question becomes, where will of their home may go down. If this is the case, buy instead of rent.
the top of the market be? Focus on the options available to
First look at the home as at least a seven enhance your home’s value and increase
Watch how long it is taking for a to nine year investment. Why seven to your equity and you will enjoy the
property to go under contract from the nine years? Because at that point you American Dream of owning your own
time it was listed. When the number of will have 16%-20% equity, enough to home.
days a property is on the market from pay expenses of the sale and have some
the time it was listed until it goes under left over for a down payment on the Mr. Rowe is Vice President/Lending for
contract takes weeks and not days, it is next home. Bay Capital Mortgage Corp. with offi ces
a good sign that the market is reaching in Easton and Annapolis. He has lived in
its peak. When the number of off ers on Second, pay additional principal when Caroline for his entire life and supports
a property slows down to one instead of possible. With today’s low interest rates the county by volunteering in a variety of
three or more and the prices being paid an additional mortgage payment per ways. He currently lives near Greensboro
do not exceed the seller’s asking price, year will lower your mortgage balance with his wife Jeanne and daughter Kelsey.
the market is topping out. by 5%-10% during this period giving
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