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July 8, 2019

An Update On The Maryland Real Estate Market

The Maryland real estate market is doing extremely well, with median home values closing in on $300,000. Housing prices have risen over the past several years and that trend is expected to continue. Maryland residents’ income has risen steadily over the past several years, with the median income now close to $75,000. This means that residents can afford high prices, and the high demand for limited inventory only pushes home values higher. Some of the most expensive suburbs in the state are just outside of Washington, DC. Cities such as Bethesda and Potomac have median home values approaching $1,000,000, which is indicative of how well the real estate market in Maryland is doing.  

The Maryland Real Estate Market Is Booming

  In most real estate markets, you have to figure out the right time to sell. In Maryland, there is almost always enough demand to satisfy the needs of sellers. Qualified buyers are attracted to Maryland because of its proximity to DC and the wide range of local amenities. Government workers, military contractors, and technology employees are just a few of the skilled workers who are increasingly moving to Maryland and looking to purchase a home.   

Selling Your Maryland Home Is Easier Than Ever

  Selling your Maryland property is a process that doesn’t take nearly as long as in other markets. Typically, the closer your property is to Washington, DC, the higher the price you can expect when the offers come in. Generally, homes closer to the capital also sell faster. However, there are more affordable housing options located in other areas of the state, such as Baltimore.   

Finding A Reputable Real Estate Agent Is Still Important

  Just because the Maryland real estate market is hot doesn’t mean that you shouldn’t work with a professional. If you are looking to sell your home the traditional way, then you should work with a real estate agent and potentially even a real estate lawyer, depending on your needs. An agent can walk you through the process so that you understand all of the rules and regulations. An agent can also answer all of your questions on the timeline of the sale and what potential repairs you may need to make to your home before a sale becomes viable.  If you want to bypass the traditional real estate process and sell your property immediately, 4 Brothers Buy Houses can help. We buy homes from Maryland homeowners just like you. You can avoid the hassle and frustration of dealing with a real estate agent, completing repairs, and showcasing your home to prospective buyers. When you sell your property to us, you don’t have to worry about negotiating with multiple parties or fixing up your home for closing. We’ll handle the entire process so that you can get a fair value for your home on your terms, and on your timeline. Call us today and get a no obligation, free quote. We’d be happy to work with you to see if we’re a fit for your needs.