Welcome to the #1 Resource to Buy a Single Family Home in Manchester, MD in 2020
Table of Contents:
Homes for Sale in Manchester, MD:
Homes for sale in Manchester under $200,000
Homes for sale in Manchester under $300,000
Homes for sale in Manchester over $300,000
Hallie Hill Farms
Buying a House in Manchester, MD in 2020
Manchester, MD is a desirable place to live. As a result, homes in Manchester are in demand. Many of the people moving to Manchester are relocating from other areas, particularly from other counties in Maryland. The great schools are a factor for people looking to buy a house in Manchester. Manchester was also the safest place to live in Maryland in 2019, according to Safewise.com, which also makes the area very desirable.
Interested in buying a house in Manchester (or other area in Carroll County)? Be sure to download your FREE copy of “The Ultimate Guide to Buying a House in 2020”. It’s full of all the details to help you make the best buying decisions!
Steps to Buying a House in Manchester
FIRST STEPS TO BUYING A HOUSE:
- Get pre-qualified by a mortgage lender. It’s recommended you speak with 2-3 lenders. Not all lenders offer the same loan programs, interest rates and fees. It’s in your best interest to learn your options so you can choose the one that will work best for you. Pre-qualification determines what you can afford, and will set the upper limit of homes to preview. It is very important to find the lender who best meets your needs.
- Determine your “needs” and “wants”, and any other criteria. This information helps you the right find houses to see.
- Look at houses that fall within your price range and that may meet your needs. Make adjustments to your “wants and needs” as necessary. Be willing to look at houses that aren’t at the top of your list, or that your Realtor® suggests. Sometimes, houses that you wouldn’t have initially considered end up “being the one”.
- After finding a house on which to submit an offer, review all the available information, including disclaimers/disclosures.
- Review the market analysis and current market data for the property you wish to purchase. This will provide valuable guidance in determining an offer price. Sales prices of homes are based on the current market value.
- NOTE: Deciding on an offer price without this information is not advised. “Low-balling” , “Zestimates” and other “guesses” are not recommended, and rarely result in an accepted offer.
- Prepare your written offer, which is submitted along with a pre-qualification letter and earnest money deposit.
- Choose your title (settlement) company.
- Negotiate and counter-offer as needed.
AFTER YOUR OFFER IS ACCEPTED:
- Apply for your mortgage loan. Your Realtor® will forward a copy to your loan officer. A copy of your contract will also be forwarded to the title company you select.
- Schedule the inspections that were included in your contract (usually within 14 days, inspectors are paid up-front)
- Review inspection report(s)
- Negotiate any repairs based on the inspection report(s)
- Arrange homeowner’s insurance (paid for at settlement)
- The loan process is ongoing up to settlement (appraisal, title and location survey are ordered, loan processor collects all data for underwriting, decision is made on the loan).
AFTER YOUR LOAN IS APPROVED:
- Establish utility accounts (gas, electric, cable, internet)
- Attend your final walk-through
- Review your closing documents
- Arrange the transfer of funds for your home purchase
- Attend settlement & sign all documents
- Receive your new house keys!
Top 3 Factors for Home Buyers When Deciding Which House to Buy in Manchester
Most homebuyers have a desired area in which they wish to live. If they have children, proximity to certain schools can be their main focus. Distance to their work is usually as concern as well. Some buyers want to live near main roads or in certain neighborhoods. Others want to live more “away from it all”. Whatever the reasons, location is typically the first consideration when deciding which house to buy.
After deciding on the ideal location, buyers narrow down their home search based on the overall condition of the houses they see. Is the house move-in ready? Could it use some minor things such as painting? Does it need updating? Is it a fixer-upper in need of renovation? The condition determines which houses are on the list of “possibilities” and which ones are excluded.
After home buyers make their list of the houses they like that are located in the right areas, they then narrow down their possibilities based on price. If a house appears over-priced, many buyers will not even consider making an offer. If the house seems priced right, they might decide to make an offer. Always keep in mind…even if you think the house is priced too high, it’s always a good idea to make an offer because you never know what the seller might agree to accept. If you drag your feet, another buyer could easily come along and buy the house you wanted!
Frequently Asked Questions When Buying A House in Manchester, MD
1. What’s the difference between a REALTOR® and a Real Estate Agent? Aren’t They the Same?
No, there is a difference. Anyone who possesses a Maryland real estate license is a real estate agent. A REALTOR® has taken it a step further by becoming a member of the National Association of Realtors. This organization has a REALTOR® Code of Ethics that must be strictly followed. This Code ensures the entire home selling process will be carried out in a 100% fair and ethical fashion. You will have the peace of mind that you will be treated fairly during the entire process, from start to finish.
2. How is the Real Estate Market in Manchester?
Homebuyers need to understand whether it’s a seller’s or a buyer’s market. A seller’s market means there are more buyers than there are homes for sale. This scenario causes home prices to rise. A buyer’s market means there are more houses for sale than there are buyers. This scenario causes home prices to drop.
3. How Do I Find the Best Real Estate Agent to Help Me Buy a House in Manchester?
– Hire a REALTOR® When Buying a House in Manchester
First, make sure you are hiring a Realtor® when choosing your buyer’s agent. This choice ensures you will have someone who must abide by the REALTOR® Code of Ethics, and who also runs their business at the highest standards possible. Don’t settle for average! You deserve to hire someone who will look after you 100%, and who will provide exceptional service that goes beyond the expected.
– Hire an ABR (Accredited Buyer’s Representative)
Make sure you hire a REALTOR® who is also an “Accredited Buyer’s Representative “(ABR). This is your absolute guarantee that you are best represented and protected.
– Hire a Proven Negotiator When Buying a House in Manchester
Be sure you hire a “Certified Real Estate Negotiator” when choosing your buyer’s agent. After you submit an offer on a house, it’s possible you will need to negotiate the price, and perhaps other terms of the offer. An experienced Realtor® who is also a strong negotiator is crucial to working out a deal to get your offer accepted. A Certified Real Estate Negotiator knows how to successfully plan a strategy and negotiate for you.
– Hire a “Pricing Strategy Advisor” When Buying a House in Manchester
Be sure you hire a “Pricing Strategy Advisor” when choosing your buyer’s agent. Making the right offer is key to buying a house in Manchester. A “Pricing Strategy Advisor” knows how to help you make the best offer. This gives you the best chance of buying the right house for you.
– Hire a “Senior Real Estate Specialist” (if you’re 50+)
Are you over age 50? If so, be sure you hire someone who is a “SRES” (Senior Real Estate Specialist). A REALTOR® with this certification provides specialized services to meet the needs of the over-50 population.
4. How Much Will A Buyer’s Agent Cost Me?
The REALTOR® you hire as your Buyer’s Agent will cost you nothing! Why? Because a REALTOR® is paid by commission. In Maryland, sellers always pay the commission, This means there is no charge to you to have a real estate expert guide and assist you every step of the way!
5. How Do I Find a REALTOR® Who is Also an Accredited Buyer’s Agent (ABR) and a Certified Real Estate Negotiator (CREN)?
Melissa Spittel, (a Manchester Realtor® and local real estate expert), is an experienced Buyer’s Accredited Representative (ABR) and a Certified Real Estate Negotiator (CREN). She has achieved both of these titles through additional education and proven success from working with home buyers. She has even negotiated some deals where her buyers bought a house and got MONEY BACK! While this doesn’t happen for everyone, Melissa makes it happen in certain situations!
6. Why Should I Consider Different Lenders When Buying a House in Manchester?
Aren’t all mortgage lenders the same? The answer is a big NO! All lenders are NOT the same. Most Maryland banks and credit unions only offer a few options, and there are typically more options available than they provide! Speaking with multiple mortgage lenders is your best chance of finding the right loan for YOU!
7. Are There Any Programs that Provide Down-Payment Assistance When Buying a House in Manchester?
The answer is YES! For example, the FHLB (Federal Home Loan Bank) grant and the MMP (Maryland Mortgage Program) provide financial assistance when buying a house in Manchester. Do you have student debt? There’s a loan program for that, too! The bottom line is, there are various programs in place to help Manchester home buyers. Your ABR (Accredited Buyer’s Representative) can suggest a variety of lenders to contact so you can find the one that is best for YOU.
8. Are There Any Programs for Military When Buying a House in Manchester?
Yes! If you or a family member are active or retired military, Melissa can enroll you in a “Military Rewards Program.” You will get cash back after you buy house! Contact Melissa for the details.
9. Are There Any Programs for Teachers, Medical Professionals and First Responders When Buying a House in Manchester?
Yes! There are programs that provide money towards buying a house. Contact Melissa to find out if you qualify.
10. Can I Start Looking at Houses Before I’m Pre-Qualified by a Lender?
It’s okay (and encouraged) to look at houses for sale online in advance. This will help you understand what houses are selling for. However, it’s not okay to actually go look at houses in person before you’re pre-qualified. It’s crucial to only look at houses that are in your price range, and only a pre-qualification from a lender can determine your price range. It’s also crucial to know what type of loan you’ll be using, because some loans won’t work for some houses! When you find the house you like, a pre-qualification letter from your lender must be submitted along with your purchase offer. This practice makes it super-important to have the pre-qualification process completed BEFORE looking at houses in person.
11. After I Find the House I Like in Manchester, How Much Do I Offer?
This question depends on whether it’s a seller’s or a buyer’s market. It also depends on the house itself, and the type of loan you will be using. This is another reason why you should work with a REALTOR® who is an ABR (Accredited Buyer’s Representative) and also a “Pricing Strategy Advisor”. You deserve the expertise from someone who will help you make the best offer.
12. How Long Does it Take to Buy a House in Manchester?
After finding THE ONE, it typically takes 30-45 days to close on a house and make it your own. Occasionally, it can take a little longer than 45 days due to unforeseen circumstances and last-minute technicalities. On the average, though, plan for 45 days.
Manchester, MD Real Estate Market Update for 2020
Sales Price Trends
Days on Market
Inventory of Homes for Sale
Number of Homes Sold in Manchester
Getting Started: 7 Steps to Buying a House in Manchester, MD in 2020
- Choose an experienced “Accredited Buyer’s Representative” to guide through the process from start to finish. Why is this crucial? An ABR (Accredited Buyer’s Representative has the additional training, experience and knowledge to get you from dreaming about buying a home to successfully doing it. You deserve someone who will guide you, negotiate for you, and make it work for you!
- Choose a “Certified Real Estate Negotiator”. Make sure the Accredited Buyer’s Agent you choose is also a Certified Real Estate Negotiator. This additional step will help you get the best deal possible when you find the house that is right for you.
- Get pre-qualified for the right loan. There are a variety of loans, and loan programs, that provide extra monies towards buying a house. All loans are not the same! You need the peace of mind knowing you have the right loan for YOU! An experienced Realtor® who is also an Accredited Buyer’s Representative can suggest a few lenders who can offer the loan that is right for you.
- Search for Homes. Your Accredited Buyer’s Representative will help you locate houses that are within your price range, and also houses that might meet your needs. This is the fun part! Appointments will be scheduled to go look at houses so you can find THE ONE.
- Making an Offer. After you find THE ONE, your Accredited Buyer’s Representative will work with you to put an offer in writing, on the house you choose. Then, your ABR will work with you to negotiate a deal.
- After you are under contract to buy THE ONE, your Accredited Buyer’s Representative will schedule inspections, attend them with you, and negotiate anything that might need to be repaired. All decisions are yours. However, you have the benefit of working with someone with the experience to help you accomplish your goal.
- Your Accredited Buyer’s Representative will stay in touch with your lender to make sure everything is on track and going smoothly. As a bonus, your final walk-through (walking through the house before settlement to make sure the condition of the house hasn’t changed) will be coordinated. And finally, settlement of the property will be coordinated so you can become the new homeowner!
🏘 How Melissa Spittel Can Help You Buy A House 😃
- Melissa Spittel is a local and experienced Realtor®. This means you will have the advantage of working with someone who knows the ins-&-outs of the Manchester area, someone who can answer all your questions, and someone who will be with you every step of the way. It also means you are guaranteed to be treated professionally and ethically.
- Melissa Spittel is an Accredited Buyer’s Representative (ABR). This means you will have the benefit of someone who will be 100% committed to YOU throughout the entire process of buying a house in Manchester.
- Melissa Spittel works with a variety of different lenders and understands the loan process. This means if you need find someone to give you a mortgage loan, Melissa can help point you in the right direction. There are a variety of loan programs, and they aren’t “one size fits all”. It is important to find the loan that will be best for YOU. Don’t have money for a downpayment? Melissa understands the different options available, and can suggest down-payment assistance programs, as well as how to buy a house with no money down whatsoever!
- Melissa Spittel helps find you houses. This means Melissa will update you every time a new house becomes available for sale that is within your budget. In addition, she will let you know when houses are “coming soon”. This gives you the best chance of buying a house before someone else beats you to it.
- Melissa Spittel is a Certified Real Estate Negotiator (CREN). This means she will develop a strategy to help you buy a house in Manchester for the best price possible.
- Melissa Spittel is a Senior Real Estate Specialist (SRES). This means she has the skills and expertise to help seniors downsize and address their unique needs.
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Houses That are “Coming Soon” in Manchester
Find out which houses in Manchester will be listed for sale soon! You won’t find these anywhere online or in any apps. Be the 1st to know which houses will be listed for sale before anyone else!
Don’t forget to download your FREE Home Buying Guide!
What questions do you have about buying a house in Manchester? Get the answers from Manchester’s local real estate expert!
Office: (410) 876-1666
Cell: (443) 375-6631
Email: [email protected]