The Most Appealing Aspects of Homeownership

Posted by David Kaufmann on January 18, 2016 at 6:40 PM Comments comments (1)

The Most Appealing Aspects of Homeownership

A post from my site at SimplifyingTheMarket.com published this past week . What is most appealing about homeownership to you?

The National Association of Realtors (NAR) just released their first issue of the Housing Opportunities & Market Experience Survey (HOME). In the report, NAR revealed what Americans believe to be the most appealing aspects of homeownership.

Here is a graph showing the results:

The Most Appealing Aspects of Homeownership | Simplifying The Market

It is interesting to see that the two most appealing aspects had nothing to do with money, but instead, addressed the non-financial benefits of homeownership.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

Home Prices: Past, Present & Future

Posted by David Kaufmann on December 22, 2015 at 7:55 PM Comments comments (0)

Home Prices: Past, Present and Future | Keeping Current Matters

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category:

The Past – home appreciation over the last 12 months

Home Prices Past | Keeping Current Matters

The Present – home appreciation over the last month

Home Prices Present | Keeping Current Matters

The Future – home appreciation projected over the next 12 months

Home Prices Future | Keeping Current Matters

Bottom Line:

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

Meet with a local real estate professional who can help you determine your next steps.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

Foreclosure Inventory Drops as Economy Improves

Posted by David Kaufmann on December 15, 2015 at 7:55 AM Comments comments (0)

Foreclosure Inventory Drops as Economy Improves

Some Highlights:

  • Foreclosure Inventory has dropped year-over-year for the last 4 years (48 months).
  • Only 3.4% of US homes are in serious delinquency.
  • 29 states have a foreclosure inventory rate lower than the national average.
  • For more information you can download the full report here.


David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

Why You Will Need to Sell Your Home Twice

Posted by Petra Quinn on December 11, 2015 at 11:25 AM Comments comments (0)

Are you on the fence about buying or selling a home? If you are a seller, let me tell you Why You Will Need to Sell Your Home Twice! Buyers, this can save you some headaches, and potentially funds, as well.


A recent post on “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property.

The Sales Price

Of course, most sellers want to maximize the value they get for the house. However, the price they set might not be reflective of the other comparable homes in the neighborhood. As the article stated:

“People tend to view their homes emotionally, and that can become quickly apparent when they decide to sell.”

That doesn’t mean that the home won’t necessarily sell for that price.

A seller can set an asking price and actually have a buyer agree to that price. However, that value may not be necessarily in agreement with what most buyers are willing to pay. For example, one person can view a property, determine it is exactly what they are looking for and well worth the asking price, whereas another person could look at the same property and feel the asking price is too high.

Steven Corbin, Director of Valuation in Fannie Mae’s CPM Real Estate division gives an example:

“Someone may have driven by the property countless times, and they really want to live in that house. So in reality they may overbid for that property. This would be a situation where the actions of a specific buyer do not represent the actions of a typical buyer.”

The Appraised Value (or Market Value)

Fannie Mae explains what they look for when appraising the house:

“When a contract is established on a property, an appraised value is determined by a professional real estate appraiser. The appraiser works on the lender’s behalf to determine that value by taking many factors into consideration, including the neighborhood, the value of properties of similar size and construction, and even such things as the type of fixtures on the premises and layout of the floor plan.”

Corbin adds:

“From a lending perspective, a bank would want to know the probable price a typical buyer would offer for the property. That’s what an appraiser would set as the market value.”

The Challenge when Sales Price and Appraisal Value are Different

If the appraiser comes in with a value that is below the agreed upon sales price, the lending institution might not authorize the mortgage for the full amount a buyer would need to complete the transaction.

Quicken Loans actually releases a Home Price Perception Index (HPPI) that quantifies the difference between what sellers and appraisers believe regarding value. The HPPIrepresents the difference between appraisers’ and homeowners’ opinions of home values.

Currently, there is approximately a 2% difference between what homeowners believe their home to be worth and what appraisers value that same home. On a $300,000 sale that would be a $6,000 difference. That could be a challenge that might prevent the home sale proceeding to the closing table.

Quicken Loans Chief Economist Bob Walters recently commented on this issue:

“The more homeowners are in line with appraisers, the easier it will be to refinance their mortgage and easier for those looking to buy a home. If the two are aligned, it eliminates one of the top stumbling blocks in the mortgage process.”

Bottom Line

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

With escalating prices, the second sale might be even more difficult than the first. That is why we suggest that you use an experienced real estate professional to help set your listing price.


Petra Quinn is a trusted Real Estate Professional with over 10 years experience, specializing in listing and selling residential real estate on both sides of the Chesapeake Bay Bridge, in Anne Arundel & Queen Anne’s County, from luxury homes to more modest dwellings. Petra is also an active board member of Kent Island Estates Community Association, Talisman Therapeutic Riding fundraising committee and volunteer, as well as an active committee member at MidShore Board of Realtors®. You can reach Petra best on her cell phone at 443-600-1986, or via email [email protected]. EXIT GOLD REALTY is located at 115 Pullman Crossing Road, Grasonville, MD 21638. The broker, Debbie Houck, can be reached at the office under 410-304-2115

WATERFRONT on Corsica River for sale in Centreville MD

Posted by David Kaufmann on November 30, 2015 at 1:45 PM Comments comments (0)

WATERFRONT on Corsica River for sale in Centreville MD

WATERFRONT on Corsica River 557' and Earle Creek 200'. Historic Farm House, circa 1800, Tennis Court, Pool + Cottage, 2 Guest Apts., Office suite, several Barns, horse fencing. Total of 52 acres are Minor Subdivision: Residence 21.5 ac., two Buildable Lots of 5.5 ac+ 25 ac. (perc approved each). All offers welcome, either for entire property or for a single lot of 3. By appt. only.


vimeo.com/133571864

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

Existing Home Sales Up 3.9%

Posted by David Kaufmann on November 30, 2015 at 1:40 PM Comments comments (0)

Existing Home Sales Up 3.9%

Existing Home Sales Up 3.9% [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • The annual adjusted sales are currently at a 5.36 million pace.
  • 14,684 homes sell every day in the United States.
  • October marked the 44th consecutive month of price gains.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings inAnnapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office, 410-304-2031 fax; [email protected] email

400 Wye Narrows Rd Waterfront Property on Eastern Shore in Queenstown Maryland

Posted by David Kaufmann on November 25, 2015 at 3:10 PM Comments comments (0)

400 Wye Narrows Rd Waterfront Property on Eastern Shore in Queenstown Maryland


Custom designed Deck House one of a kind, time-tested. This is a must see property with over 2400' of Shoreline, secured with stone jetty's every 50' and sand and seagrasses, deep water, cove, open water and private. The owner is a builder and attention to detail is apparent throught this home. The floor is a solar passive floor ahead of its time. Pier with two boat lifts and two jet ski lifts. Located in the prestigous Cheston in the Wye community.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

Six Simple Ways To Cure your Bathroom Woes

Posted by David Kaufmann on November 23, 2015 at 10:30 PM Comments comments (0)

Six Simple Ways To Cure your Bathroom Woes

FROM KARA BENNETT 11.20.15

Bathroom decor doesn’t have to be synonymous with boring! The key to fancying up some tired decor in your bathroom is to first take stock of what you have, then go from there.

This is especially true for small bathrooms, since you have about one-third of the space of any other room in your home. Adding furniture is not really an option and small trinkets can easily make the space look cluttered.

Here are six simple cures for drab bathroom decor.

1. Rethink Your Towel-Hanging Tactics

If you have a small bathroom, get funky towel hooks – you won’t ever need to fold your bath towels again (win!) and they’re pretty easy to install. With a power drill and screws you can add some towel hooks in about 5 minutes. Have a bit more space? Try hanging your towels on an old ladder. You’ll still have to fold them, but at least it will look super stylish!

2. Glam Up Your Hardware

As soon as you make this subtle change, you’ll start feeling better about this space. First, take a peek at any cabinets or drawers you have. Those doorknobs or handles can be replaced!

Anthropologie has a fun collection of cabinet knobs for just about every style. After that, take a look at the doorknob and radiator vents. These little details, once replaced, can make a big difference on the atmosphere of your bathroom. Once you’ve got the hardware you need this might take you fifteen minutes tops!

3. Beautify Your Bathtub

If you have a standalone bathtub, take advantage of that space! Add an over-the-tub rack to class up your bathroom and add storage at the same time.

4. Replace Your Shower Curtain

This is a no-brainer. If you want to refresh your space, start with one of the biggest canvases in the room: your shower curtain. Plus, there are tons of options. We like Joss & Main for more classic feel, and if you want to go a bit more funky, check out Fab.com.

Pro Tip: If you’re working with a cramped space, choose something with vertical stripes. This can make the ceiling appear taller, give the illusion of more space.

5. Paint Your Curtain Rod

Add a pop of color by painting your curtain rod! We recommend using mildew-resistant paint because of steamy-shower moisture. A fresh coat will also make your shower curtain hooks and curtain really stand out. Test the paint on a small area before fully painting the curtain rod.

6. Hang Plants

Add some greenery to your bathroom by hanging some plants from the ceiling. We recommend eucalyptus – humidity from the steamy water will cause the plant to release essential oils. Hello, stress-free shower! Pick up a plant hanger and install hanging hooks near your bathroom window.


David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

WATERFRONT on Corsica River

Posted by David Kaufmann on November 23, 2015 at 10:30 PM Comments comments (0)


WATERFRONT on Corsica River

557' and Earle Creek 200'. Historic Farm House, circa 1800, Tennis Court, Pool + Cottage, 2 Guest Apts., Office suite, several Barns, horse fencing. Total of 52 acres are Minor Subdivision: Residence 21.5 ac., two Buildable Lots of 5.5 ac+ 25 ac. (perc approved each). All offers welcome, either for entire property or for a single lot of 3. By appt. only.



David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; [email protected] email

The Difference an Hour Can Make

Posted by Petra Quinn on October 31, 2015 at 9:00 PM Comments comments (0)

The Difference an Hour Can Make

[INFOGRAPHIC] | Simplifying The Market

Every Hour in the US Housing Market:

634 Homes Sell

347 Homes Regain Positive Equity

Median Home Values Go Up $1.46

Petra Quinn is a trusted Real Estate Professional with over 10 years experience, specializing in listing and selling residential real estate on both sides of the Chesapeake Bay Bridge, in Anne Arundel & Queen Anne’s County, from luxury homes to more modest dwellings. Petra is also an active board member of Kent Island Estates Community Association, Talisman Therapeutic Riding fundraising committee and volunteer, as well as an active committee member at MidShore Board of Realtors®. You can reach Petra best on her cell phone at 443-600-1986, or via email [email protected].

EXIT GOLD REALTY is located at 115 Pullmans Crossing Road, Grasonville, MD 21638. The broker, Debbie Houck, can be reached at the office under 410-643-4111.