Marlton Elementary School in Upper Marlboro Closed Today - 1/8/18 Due to Lack of Heat

Good Morning,

Marlton Elementary School is CLOSED today - January 8, 2018 due to lack of heat in the building. 

Click Here for additional information Marlton Elementary School Closure

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Construction has begun on the new Prince George's Regional Medical Center/Hospital in Largo, MD

High quality patient care is on it's way to Prince George's County!  The county had a ground-breaking ceremony a few weeks ago to begin construction of the new regional medical center that will sit on 26 acres  (the old "Cap Centre at the Boulevard" shopping grounds).   The new hospital will include a cancer center, a self-contained pediatric hospital, a stroke center and programs in neuroscience, women’s health and orthopedic medicine.  It is planned to open in March 2021.

Click here to read more........

New_PG_Med_Ctr

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

How Much is Your Home Worth In Upper Marlboro, MD? - Free Market Analysis in 30 Minutes

If you are considering selling your current home in Upper Marlboro, you will want to obtain a FREE Market Analysis of your home so that you can accurately price it for sale! I'll take a look at recent comparable "sold" properties in your neighborhood, compare the age, square footage, style, upgrades, days on market, etc.  I'll have this report ready for you in 30 minutes!

Contact Angelo Rhodes at 240-535-1855 for your free home Market Analysis also known as a Comparable Market Analysis (CMA).

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Real Estate Market Conditions for Upper Marlboro, MD Showing Signs of a Seller's Market

You might ask, "what exactly is a seller's market"? Simply put, it's when there are more buyers than there are houses for sale.  Prices rise in seller’s markets due to strong demand and inadequate supply. Over the last 12 months more than 1600 properties have sold in Upper Marlboro.  Yet, there are currently only 400 homes for sale or "active" in Upper Marlboro.  

If you are a potential home buyer in Upper Marlboro, chances are the "seller" may receive multiple offers on his/her home.  In this case the seller will want a full price offer and is more likely to pay only half of your closing costs. Still not a bad deal though!

If you are looking to buy or sell a home in Upper Marlboro, MD consult with me and I'll give you the best possible real estate market advice available.  Contact me at 240-535-1855 or  mailto:angelo@realestateuppermarlboro.com

 

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Homes for Sale in Upper Marlboro, MD | Townhomes | Single Family | Foreclosures | Luxury Properties | Rentals

There are currently 700+ homes for sale in Upper Marlboro, MD.  More than 400 are available and over 300 homes have a contract written on them.  If you are thinking of buying or selling a home, or looking to rent in Upper Marlboro, contact me, Angelo Rhodes, Realtor at 240-535-1855.  I'd be happy to assist you.

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Marlton Area of Upper Marlboro Eligible for USDA Rural Mortgage Loan Program - Zero Percent Down

USDA loans (also referred to as Rural Development loans) are backed, directly guaranteed or insured by the U.S. Department of Agriculture to support affordable housing in less developed areas.  One of these eligible areas is the Marlton neighborhood of Upper Marlboro.  

Zero percent down
The first major feature of a USDA loan is the ability for homebuyers to get into a home without a down payment. Although not limited to first-time homebuyers, this could be particularly attractive for younger buyers who have a steady job, but not much in savings.
If buyers have an existing USDA loan, they can take advantage of a rate-term refinance to get lower rates without the need for existing equity. Cash-out refinances aren’t available.

Low guarantee fees
Guarantee fees are much lower than the similar fees on loans backed by the FHA. Let’s do a quick comparison:
With a USDA loan, there’s a 1 percent upfront guarantee fee compared to a 1.75 percent upfront mortgage insurance premium (MIP) for FHA loans. In both cases, buyers can finance the upfront fee in their loan.
USDA loans carry a 0.35 percent guarantee fee on the unpaid principal balance each fiscal year. For FHA loans, buyers pay an annual 0.85 percent MIP fee if they made a minimum 3.5 percent down payment on their home purchase.

USDA loan qualification requirements
As with any loan, USDA loan borrowers must meet certain requirements to qualify. In order to take advantage of this loan option, homebuyers need to be looking to buy a single-unit primary residence in a qualifying area. These can be rural areas or even the outskirts of suburbia. The USDA has an eligibility map on its website (areas not in orange are USDA loan eligible). Working farms do not qualify.  USDA loans also come with some financial requirements.

Homebuyer household income can’t exceed more than 115 percent of the area median income. If the household includes more than four members (adults and children), it may qualify with a slightly higher income. Homebuyers can deduct childcare expenses from this income tabulation, as well as income from a portion from any adult full-time student.

The USDA doesn’t specify a minimum credit score for its loan, but lenders may have their own policies.  For the best chance at qualification, it’s a good idea for homebuyers to keep their debt-to-income (DTI) ratio – a comparison of minimum debt payments to overall income – at or below 45 percent. Lenders may have their own guidelines on this metric as well.

For more information, contact Angelo Rhodes at 240-535-1855 or email: angelo.rhodes@realestateuppermarlboro.com

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Title I Elementary Schools in Upper Marlboro, MD

Upper Marlboro has 10 elementary schools located within its jurisdiction.   Arrowhead Elementary is listed as the only elementary school in Upper Marlboro, MD with a Title I rating.  Title I schools receive federal funding based on the Elementary and Secondary Education Act (ESEA) or better known as "No Child Left Behind."  Here's a link to Arrowhead Elementary School http://www1.pgcps.org/arrowhead/ for more information.

This law allows financial assistance to schools that have high numbers or percentages of children from low-income families. The goal is to ensure that all children meet challenging academic standards required by the State of Maryland.

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

5 Bedroom Home Up For Public Auction in Upper Marlboro - Bargain for Real Estate Investors!

On October 25, 2017 at 11:00 am, this solid brick, Split Foyer style home will be available to bidders at a public auction.  This is a bargain for real estate investors!  The home requires some repairs so call me for further details at 240-535-1855.

Houseforauction

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

The Maryland Mortgage Program (MMP) Can Help You Purchase a Home - EASY!!

The State of Maryland is partnered with over 80 lenders and has a loan program called the Maryland Mortgage Program (MMP) which offers first-time homebuyers up to $5000 in down payment or closing cost assistance.  It's an interest-free deferred loan.  To qualify in Prince George's County, your household income has to be less than $132, 360 for 1-2 people or less than $154,420 for 3-4 people.  You can purchase a home up to $585K in a non-targeted area and up to $715K for targeted areas.  

The MMP can help you get the loan to purchase a home with additional financial assistance in the form of grants and tax credits that are available to Maryland residents.  There are additional eligibility requirements such as taking an education course on buying a home etc. 

For further details on the Maryland Mortgage Program go to the MMP Website  or contact me at 240-535-1855.

 

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Washington Post Article on Homeowner's Associations (HOA) Lack of Transparency

Here's a good article on Homeowner's Associations (HOA's).   A potential homebuyer may lose the deal because the HOA might increase the annual dues from $1000 yr. to $3500 yr. 

HOA’s lack of transparency raises red flags for home buyer

 

 

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com