Founded in 1729, the city is a major historical destination and played a key role during the American Revolution. Baltimore was originally a working-class port town with a focus on shipping, transportation and manufacturing. 

Today, Baltimore is the economic and cultural hub of Maryland, and known for its diverse economy, dynamic Inner Harbor near the Chesapeake Bay, and the world-renowned Johns Hopkins Hospital. City of Baltimore is home to more than 620,000 residents with about 2.8 million people in the metropolitan area and nearly 9.8 million in the Baltimore-Washington-Arlington CSA.

Most populated city in Maryland and the 30th-most populous city in the U.S. Due to these home prices are expected to keep rising. The current spread of corona virus (COVID-19) and the efforts to contain it have impacted almost all aspects of daily life – and real estate transactions are no different.

Yet despite current circumstances, real estate agents are still seeing sellers and buyers move forward with their plans. Yet even with willing sellers and eager buyers, the current U.S. government guidelines recommend social gatherings be limited to fewer than 10 people – among other safety measures – which means selling a home this spring may look differently than in years past.

Investing in the Baltimore real estate can be a worthy investment due to a steady rate of appreciation. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. The Baltimore real estate market has been in decline for years, but several spots offer significant returns. And there are signs that the city is starting to turn around.

Some of the popular neighbourhoods in Baltimore are Federal Hill, Inner harbour, Fells point, Ellicott city, & Columbia.

Over the last few years, many Maryland family and their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in.

Those two-story, four-bedroom with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the house is too time-consuming and worrisome.

Instead, a nice ranch home in Baltimore County with 2-3 bedrooms and two baths might better fulfil their new needs and lifestyle. The challenge many families have faced when trying to downsize to the perfect new home has been a lack of inventory.

On contrary, people are willing to pay more for a home in Baltimore with perks like spacious backyards and comfortable work-from-home locales. Buyers in Baltimore are desperate because “homes are flying off the market so quickly.” In fact, one real estate agent notes that all of the agent lists are being sold within three days. The economy is quickly recovering and the job market is diverse, with steady population growth and relatively affordable housing. Baltimore is also about 40 miles away from Washington D.C. which helps to keep the demand for housing in the Baltimore real estate market strong. The city’s elegant buildings, warm friendly people, and lively nightlife and music make Baltimore a “pleasant and fun place to call home.”

If you are looking to make a profit, you don’t want to buy the most expensive property in the Baltimore real estate market and expect to make a good profit on rents. Perhaps you are looking for a slightly different hold-over, an investment property in Baltimore that you might move into or sell at retirement in the future. Either way, knowing your profit potential and purpose is the first thing to consider.

After setting aside the possibility of snapping up homes by buying tax and utility liens, the Baltimore area remains an affordable metro area to invest in.

No matter if you’re a new buyer or seller in the canton or Ellicott City real estate market; you always want to be prepared with useful information during your research phase of the home buying/selling process. To help you make the buying process easier, Felipe Agent created these awesome and universal best practices for getting started and researching homes and condos for sale/buy Maryland.

The Internet is full of useful information. You could be finding yourself looking at properties that you may never want to buy once you gather more detailed information. The right resources by your side can help you stay focused on your goals and will lead you in the right direction while searching properties for sale. You can keep guidance and advice in mind, so you can either ask questions later, or avoid potential obstacles. You should work with someone that you wouldn’t mind spending some time with other than when you are buying real estate. No one wants a sales pitch, but getting helpful guidance and advice when you need it is beneficial to you finding the right place.

Choosing a real estate professional continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.

Real estate agents are coordinators in the home buying/selling process.

Real estate agents can help you:

• Understand the home buying/selling process
• Give tips for preparing and getting started
• Explain potential options for buying/selling
• Guide you to additional resources, like a mortgage company

Felipe Agent can help you succeed by minimizing risk and maximizing the profitability of your investment property in Baltimore. Felipe Agent can help you succeed by minimizing risk and maximizing the profitability of your investment property in Baltimore.