It’s hard to believe I’ve survived almost 13 years in real estate. Since the beginning, I affiliated with the big brands. First, with Long and Foster for two years followed by ten more with RE/MAX. Over 12 years later, most of my business is referral-based and derived from my work with previous clients. Knowing your network and reputation have a direct impact on your business helps ensure your level customer service stays in check. For every successful transaction, a good Realtor should expect others to follow. I try to fight for my clients as if they were all close friends. It’s taken me this long to confidently know that it’s your sole reputation not the size of your company brand.
“As a Realtor, it’s crucial to surround yourself with other active and successful agents. The energy and passion in all seven Cummings & Co. offices is truly contagious, but what impressed me the most when deciding to move companies was the infrastructure and internal systems that Dave Cummings and his team have built. In my opinion, Cummings & Co. is the most efficient and tech-savvy brokerage in Maryland. I’m ecstatic to now be a part of this powerful firm and know my clients will be able to recognize the benefits of my move as well. “
I didn’t expect it. In fact, when I interviewed with the owner, Dave Cummings, I told him not to make it a priority as I was just curious what his brand had to offer. Within 30 minutes s of meeting with Cummings, I knew I’d be joining his company before the month’s end. Today I’m typing from my office at Cummings & Co. REALTORS.
While interviewing with Cummings, I asked: “Who is your biggest competition, Dave?” His response, “Zillow.” It was then when I knew I was making the right move for myself and in the end my clients. This is a fast pace industry. It seems like every day there is a new online company buying and selling homes. If your Realtor is suggesting open houses and full-color flyers, perhaps they are in the dark. iPhone apps, social media pushes, live video feeds and algorithms are what savvy Realtors utilize to stay ahead of the competitive online game. Cummings & Co. is the first real estate firm that brings this powerful additive and cutting-edge support to a brick and mortar office.
Why making the switch was so easy:
Full access to six branches in Maryland. Cummings & Co. have offices Bel Air, Perry Hall, Ruxton, Lutherville, Rolland Park, Federal Hill and Canton. While my main office is located in Canton, access to these other branches across Maryland means greater convenience for my clients in Harford County through our Bel Air branch.
Systems in place for everything. The welcome packet, the online agent tools, the in-office support staff, and IT manager made the transition flawless. Any and all questions I may have at the outset were answered for me as part of their seamless on-boarding process.
The agents at Cummings have an average of 12 years’ experience. Yes! The offices are filled with real estate agents that know what they are doing. As an independent contractor, keeping in the “know” is vital for success, and I am excited to be amongst such an experienced group of like-minded professionals.
The broker/owner. Dave Cummings is involved and understands the business and what agents need. Suggestions about possible improvements for the brokerage, while welcome, aren’t necessary as he’s already thought them. As an agent of his brand, I can dedicate my resources to running my own business and providing even better service for my clients because Dave Cummings handles the rest.
A new energy and excitement are propelling me into the 4th quarter of 2017. Thanks, Dave Cummings & staff for the great welcome, I am looking forward to my future at my new home.
Cummings & Co. REALTORS
At this point as a home buyer, you’ve probably done all the important things to get the home buying process started. You have hired a Maryland Realtor that you connect with both personally and professionally. You’ve locked down a lender and fully understand the terms of your proposed loan. You have zeroed in on a neighborhood. You have seen active homes on the market and have selected “the one”. Your Realtor has done the research on that local market and has suggested an offer amount. You agree and are ready to submit but WHAT DOES YOUR REALTOR NEED TO WRITE YOUR OFFER???
- You will need a pre-approval from your lender. Typically for the amount of the offer.
- You’ll also need an Earnest Money Deposit (EMD) for usually 1% of the offer amount. This is paid in the form of a personal check, made out to your Realor’s brokerage. Example: if you’re offer is $350,000, you’ll want to make the check for the amount of $3,500.00 and made out to RE/MAX Preferred. Your Realtor will make a copy of this an include it in the offer package.
In addition to the above items you will want to know:
1. Your settlement date (45 days is typical)
2. What type of financing (Conventional, FHA, VA, etc)?
3. How much will you be putting down?
4. Will you need seller contribution?
5. What property inspections will you want?
6. How many days do want to get the inspections done and repairs requested?
7. Are there items in the house you’d like ask to convey?
8. Did you ask for a specific home warranty?
In order for your Realtor to draft a solid offer, all of these must be discussed and finalized. The receiving Realtor will appreciate a smart well-organized contract of sale.
If you have questions on writing an offer or anything about the purchase of a home, please don’t hesitate to call Suzie Coronel at 410-336-2569.
With so many zip codes for Maryland home buyers to choose from, Columbia, MD is always a popular choice. Columbia is known for so many things but the “planned community” always comes to mind first. The area was developed by James W. Rouse whose bold idea was to build for a better quality of life for the residences and businesses that come to call Columbia, home. Within this large community of great green space, you’ll find a well-developed shopping mall. A huge live music venue called Merriweather Post Pavilion featuring entertainment all year. Columbia has also become a hub in the IT field, housing several companies that are excelling in the industry. Many families are drawn to Columbia because of the close proximity to DC and Baltimore. Naturally the Columbia area schools and recreational act ivies here are constantly watched.
Just recently in 2016, Wilde Lake’s town center went under a total renovation. 10758 Evening Wind Ct is located in the back end of a cul-de-sac in the Wilde Lake area. With the newly rehabbed center, this house is even better than before. See the details of the house below:
10758 Evening Wind Ct – Columbia, MD
3 finished levels
2 car garage
This detached home offers great space for entertaining on the 1st level with a wide open kitchen, dining area & living room with fireplace. The main level continues out to the large flat back yard with patio. The upstairs has 4 good size bedrooms. The master has a walk-in closet & private bath with double vanities. The additional 3 bathrooms are all upstairs with a full bath, perfect for your growing family. Basement is finished into a lovely retreat from your busy life.
If you’d like to hear more about what Columbia MD has to offer or a private showing of this home, contact Suzie Coronel at 410-336-3569 or suzie@CrabbyHomes.com.
Throughout most of the year, locals flock to Patterson Park for many different reasons. Baltimore Sports & Social Club (BSSC) keeps the fields busy with young professionals. Friends of Patterson Park host free concerts throughout the summer months. It’s become part of the route for the Baltimore Marathon, several road bike races, and the popular Kinetic Sculpture race. There’s a pond, a pool, tennis courts, an ice skating rink, a playground, a dog park and acres and acres of park grounds. Below is a picture of last year’s Halloween parade on the park and a picture of neighbors on the park for a free concert.
This park is 2816 E Baltimore Street‘s front yard! 2816 E Baltimore was is a full gut renovation. It stands 4 levels high w/ 2,470 finished sq ft, a parking pad, 2 tier roof deck, and 9 years left on the CHAP tax credit. With 5 large bedrooms, 4.5 baths, a wet bar, and a gourmet kitchen this house is great for entertaining but can also fit your growing family.
Above I mentioned that this house also has a CHAP tax credit. You may have heard about these credits but do you know how they work?
2816 E Baltimore St was purchased in the Spring of 2015. Before anything is done to the property, the appraiser from the CHAP office comes to put a value on the property. The pre-improvement appraisal amount for this property came in at $180,000.00. After the renovation was completed the CHAP appraiser comes back for the Post-improvement appraisal. The house turned out beautiful, see the pictures below. The post-improvement appraisal amount came in at $490,000.00.
CHAP tax credits: Here is the math breakdown:
CHAP appraisal before renovation is 180k
CHAP appraisal after renovation is 490k.
The “locked in” credit is 310k x 2.32 = $7,192.00/year in taxes ($599.33/month)
So let’s say the state’s assessment after renovation is 500k.
Normal tax bill for the city portion is 500k x 2.32 = $11,600year ($966.67/month)
CHAP credit is $7,192/year
TOTAL AMOUNT OF CITY TAX $11,600 – $7,192 = $4,408.00 ($367.34/month)
Buyer will save about $367.34 a month, over 4k a year!
***These numbers are good estimates but not exact.
When purchasing a CHAP tax credit house it is important to get the CHAP appraised amounts so that you can calculate the taxes that the buyer will be paying. The above example should help you calculate but in the event you still have questions, please contact Suzie Coronel at suzie@CrabbyHomes.com or the cell number in the banner below.
If you are a buyer in Baltimore City, you are probably aware of the CHAP tax credit that most knowledgeable builders are making use of. The trouble is that most buyers don’t understand the math behind the credit. 606 Eaton is a newly listed CHAP renovation in Brewers Hill. Here is a good example of how the credit works.
606 Eaton St was purchased in the winter of 2016. Before anything is done to the property, the appraiser from the CHAP office comes to put a value on the property. The pre-improvement appraisal amount for this property came in at $165,000.00. The pics below are before the builder started the renovation:
After the renovation was completed the CHAP appraiser comes back for the Post-improvement appraisal. The house turned out beautiful, see the pictures below. The post-improvement appraisal amount came in at $365,000.00.
CHAP tax credits: Here is the math breakdown:
CHAP appraisal before renovation is 165k
CHAP appraisal after renovation is 365k.
The “locked in” credit is 200k x 2.32 = $4640.00/year in taxes ($386.67/month)
So let’s say the state’s assessment after renovation is 350k.
Normal tax bill for the city portion is 350k x 2.32 = $8120/year ($676.67/month)
CHAP credit is $4640/year
TOTAL AMOUNT OF CITY TAX $8120 – $4640 = $3,480.00 ($290/month)
Buyer will save about $386.67 a month!
***These numbers are good estimates but not exact.
When purchasing a CHAP tax credit house it is important to get the CHAP appraised amounts so that you can calculate the taxes that the buyer will be paying. The above example should help you calluclate but in the event you still have questions, please contact Suzie Coronel atsuzie@CrabbyHomes.com or the cell number in the banner below.