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Maryland's Real Estate Agent

John L. Rawlings

Quotes from The Baltimore Sun: "It's still a seller's market," (May 1, 2005)

 

"It's still a seller's market," said John Rawlings, a real estate agent with Coldwell Banker. "And there still aren't enough homes for sale." Even overbidding won't guarantee success, Rawlings said.

One of his clients bid $225,000 for a three-bedroom, split-level in Randallstown -- $15,000 above the asking price. He lost the house to another buyer -- who shelled out $270,000 after the house had been on the market just five days. Rawlings says that far exceeded the more typical premiums of $5,000 to $20,000 that buyers are willing to pay over the asking price.

To allow for such premiums, he has begun showing clients only homes selling for substantially less than the client's qualified mortgage amount.

"There are still a lot of eager and anxious buyers who want to become homeowners, and they realize this is what they have to do," Rawlings said.

"To get a house on a half-acre, under 10 years old, with a two-car garage, you have to spend a half-million or up, and a lot of people aren't willing to make that investment," Rawlings said.

You can also log onto John L. Rawling's Web site at www.cbmove.com/johnrawlings