LuckNet Real Estate Group

Hampden, Baltimore  -  The single story at 3439 Pleasant Pl has been sold.

Property information

Are you concerned about our Planet and the current economy? Does talk of “Cap & Trade” bother you? Do you feel you are paying too much for your current electricity? Would you like to see more use of Alternative Energy Sources?

Well…… take a look at the alternative: Green Energy from Viridian! Choose the level of “Green Energy” you want and save money over your current electric cost!

If you currently live in Maryland, New Jersey, Pennsylvania, or Connecticut and want to save BIG on your electric bill, check it out today! (Coming SOON to Massachusettes, New York, and Illinois!)

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Stephen Luckett
LuckNet Real Estate Group

443-912-4866 cell

Walk to Park or Night Life!

• 4 bath townhouse "Federal 4 level" - MLS® $469,000 - Awesome Opportunity

Butchers Hill, Baltimore  -  WOW-check out the craftsmanship in this large beauty on the corner within walking distance of Patterson Park and night life in Butchers Hill! Brazilian Hardwood throughout, Granite counters, open floor plan, all appliances, W/D, Home Theatre system, roof deck off master bdr. How about a two car garage with separate remote door openers.So many upgrades to name and the neighborhood is hot-walk to Patterson Park, near the nightlife scene of Fells Point. This home has it all! Take a look and your first word walking in will be WOW!

Property information

Over the past few years I find myself more and more in a counseling mode when it comes to debt management and saving for a new home. The previous home surge allowed many people to fall into a trap believing home prices were growing faster than their income and they could never afford a home, so they just stopped working on managing their debt or saving money. You could say that money was "flying out the window"!

If you are struggling with your current economic situation, let me start by saying that there are only two ways to change it and I don't care what excuse you come up with, there are only 2 ways: To eliminate your economic challenge you MUST either increase your income or reduce your expenses. It gets no more basic than that!

I know your thinking "Well, DUUUUUHHHH!" I have no doubt that this is something you have already heard and know, but have been unable to come up with a plan to do either. I have taken many a couple through the steps into a secure financial future, although I am not a financial planner nor counselor. I have not had any formal training or education in this field but I do pass on many things that I have learned over the course of my mistake riddled life, when it comes to financial well-being.

I could at this point go into the importance of a written budget. I could also explain the next step in saving an emergency fund, or starting to systematically pay off debt, but it would be far too much information to put in one blog post-it could also fill several websites, which I don't have time to build. So I guess the best way for you to learn to manage debt and to save money is to send you to a true professional that has lived through the good and the bad financial decisions. MEET DAVE RAMSEY!

Dave is one of the leading authorities to financial peace and security, as well as being a Christian brother. Take some time to look through all of the information on his website-buy his book, or attend one of his workshops. You can also talk live to him on his radio program or tv show.

Dave's simple steps have taken many to a debt free life in a very short time. Set up your emergency fund, start your debt snowball, then follow the other 5 baby steps to a debt free life. You will be amazed at how quickly you can be out of debt and in your new home.

As a disclaimer, I do not receive any compensation for this endorsement other than that from people who follow Daves program and then are able to purchase their first-or next-home. If you have completed the baby steps or are working on them feel free to add your comments to help others stay with the program to acheiving their financial peace!

Stephen D Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

Well, leave it up to Maryalnd to lead the way on increasing taxes to the Maryland Home buyer! I received an email from my attorney within the last few days explaining the new process for calculating transfer taxes and recordation fees to all short sales.

Previously all taxes were calculated based on the CONTRACT PRICE, which is fair since that is what is being PAID for the property. But our legislature feels that the seller of a short sale property has reaped the benefit of ADDITIONAL MONEY since they mortgaged say 25% more than the home is currently worth. So why shouldn't the Government get taxes based on the amount of the MORTGAGE BALANCE?

Lets just take a quick look at what this means using numbers from a short sale I did last year:

Contract price of the home: $350,000

Transfer tax/recordation on contract price: $8925

Mortgaged amount on property: $520,000

TT/R on Mortgage amount: $13,260

An additional $4335 in taxes to the State Government!!!

Ok, I agree not every transaction is like this one, so lets take a look at what it means to the majority of transactions.

The average sell price of a home is around $225,000. In the short sales that I have been involved with, the average mortgage on these homes have been around $300,000.

TT/R on $225K= $5738
TT/R on $300K= $7650
Difference          $1912

$1912 that someone will have to pay. So, let's see, the bank is already taking a loss of at least $75,000. The seller, in most cases, has no money, so that only leaves one person in the transaction-the BUYER! Is that a conversation that we want to have with a buyer who is a little apprehensive anyway?

I guess the State does have to make up the short fall of income they had through this economic downturn. So if there are 1000 SS transactions this year-that would be another $1.9M in the State Couffers.

It will be very interesting to see how this plays out. Will it help increase money to the State or will it have a negative impact on the local Real Estate Market?

Read the full email from my attorney HERE!

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

You don't want to miss the updates and happenings from the Gray Manor and Northshire Community Association. Especially if you currently live in the Community or are thinking about moving into the community!

Check out our most recent meeting and upcoming events.

Gray Manor and Northshire Community Association

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

It has been a while since I updated our foreclosure and Short Sale listings so I wanted to take a moment and get the word out!

We have a whole new list of current foreclosures and Short Sales that we need to find buyers for-Check it out today and give me a call!

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office  443-912-4866 cell