Market Monday - Vol.30

Terah Crawford
Nov 18, 2019
3 min read

New Listing!

Available for $55,000

So many possibilities are within this 4 bedroom property. The owner has done a great job of fixing things up and improving property with system updates such as a tankless hot water heater. Spacious house on a large corner lot. Check out the new deck! You're going to love this property just a few minutes from the town of Oakland!

Interested in learning more about selling your Garrett County, Maryland Home?

Email by clicking here Call C: 410-487-4914 // O: 301-397-4700

🏡Check out other listings still for sale >> click here

Market Monday Stats

🏡 November 11, 2019 - November 18, 2019 🏡

Garrett County Homes For Sale 392 Residential Properties on the Market
8 New Homes Listed
11 Homes Sold
5 Homes were Withdrawn, Cancelled, or Expired from the market
4 More Homes are now pending settlement
The average close price of homes that sold last week was $667,127
The homes that sold last week got an average of 94.1% of their list price
The homes that sold last week were on the market for 187 average days

Tip of the week

The What + Why For Home Warranties

If you’ve only ever rented before, the necessity of a home warranty may be unknown to you. As a renter, you are used to a landlord who will fix any issues you run into - but that all changes when you become a homeowner. Now, when a water heater breaks or the fridge starts to leak on the new floors in the kitchen, there is no landlord to call. So what do you do now? You may have a friend or family member who can handle the smaller fixes, but when it comes to the big issues that will end up emptying your pockets, a home warranty can save the day.

A home warranty is similar to insurance, as it covers some or all of the costs of replacements or repairs when a system in your home malfunctions or stops working altogether. They range in annual costs of $300-$900 and remove the middle man in the fixing process. Instead of finding someone to fix an issue, you will directly contact your warranty provider and they will set up the repair or replacement with the appropriate vendors. Your premium usually covers all costs, with the exception of a co-pay which is typically around $50.

If you’re wondering who should buy a warranty, they are usually recommended for first time home buyers who have rented up until that point. When you are used to having a landlord, a home warranty can fill that role in a different way. Home warranties are great for homes with both members in the work force outside of the house or just busy family members who can’t always be home to wait for the repair person window or find the time to even get quotes for the best repair shops in the area. Home warranties aren’t just for first time buyers, though. If your appliances are nearing the end of their life expectancy, now would be a great time to get a warranty. If all of your appliances were purchased in the same time frame, you don’t want to face the costs of them all failing at the same time. Warranties can save you time and money, especially in the first year of ownership.