All Blog Entries by BJ Matson

B.J. Matson - Olney, Maryland

Scroll below... and find the latest blog posts written by BJ.

BJ Matson has been helping home buyers and sellers here in Montgomery County for many years.  BJ lives and works in the Olney area.  Olney, Sandy Spring, Ashton, Brookeville, Laytonsville, and some of Rockville...  Although he sometimes helps in other areas.  BJ grew up in Montgomery County and attended Springbrook High School, class of 1988.  He knows this real estate market inside and out.

BJ strives to provide sound thorough advice and good information pertaining to our market.  Make sure to join him on Facebook and Twitter to keep up, especially if you'll be in the market soon enough!
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BJ Matson
301-881-8900 call or text
bj@bjmatson.com

 

Found 81 blog entries published by BJ Matson.

Testing your well water 

Lead
https://www.cdc.gov/healthywater/drinking/private/wells/disease/lead.html 

Radon
Most people think of Radon gas, another test that should be done when buying your home.  Radon can be found in outdoor air, indoor air, soil air, and ground water.  People exposed to radon in drinking water have higher chance of getting lung cancer.  Learn more about Radon & testing

Bacteria
Including E Coli

Chemicals
Including Nitrite & Nitrate

Here's a good website to help you interpret your water testing results.
You'll see MCL= Maximum permissable Contaminant Levels
Water is tested to see if it is safe for human consumption & meets federal, state, and local requirements.

 

Also think about getting a whole-house water filter &

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The Washington Suburban & Sanitation Commission (WSSC) explains Front Foot Benefit Charges;  https://www.wsscwater.com/customer-service/rates/front-foot-benefit-charges.html

Here in Montgomery County we have seen this more and more on the newer developments. It's a way of prorating service charges specifically to those who are using them.  Instead of the previous method where it's all pulled from our property taxes, regardless.  If handled properly, this should be a more efficient model. 

If you are selling your home and currently pay this yearly FFBC...
You must disclose to your potential Buyers.  It will be listed on your Property taxes as a separate charge from WSSC.
Your Buyers will want to know how much, AND, how long into the future will they

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Cherrywood neighborhood
2700+ sq ft home hitting the market next week.
Contact me for details.  Great opportunity to fully research before it hits the general public - internet.

Fully finished basement with recessed lighting, wall to wall carpet, and full bath.
Big deck
4 full bathrooms; 2 upstairs
4 bedrooms upstairs
2 car garage

13 houses sold in Cherrywood in 2016, 14 in 2015 and 16 in 2014.  As you can see, about 1 opportunity a month presents itself.

 

Below are homes currently for sale in Cherrywood

and other houses in Olney, under $750,000


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New to the market

The below listings hit the 'for sale' market this past week.  Check back and you'll see these may change on a daily basis.  This list is updated every few hours.  Send me a note if you'd like to see all of the available Olney homes for sale. 

I can also get you details on any 'Coming Soon' inventory. 
These are homes that are due to officially hit the market & available to the general public, soon.  You won't find them on the internet.  It is through our mris database (MLS - multiple listing service) where I can pull this information.  This can be a big advantage for you to get a jump on a home, if you think it's a possibility.  Being first can be very important in securing a contract with the Seller.  I can reach out to the

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Olney condominiums

You probably don't think of Olney if you're looking in the market for a condo.  Depending on your price range, you're most likely looking in Rockville or Gaithersburg or Germantown...  Downtown Silver Spring and Bethesda if you must be close to D.C.

Let me tell you there are some real gems to be found in Olney.  What a great way to get your foot in the door so you are part of the Olney family.  Your kids can immediately make Olney friends through our schools and sports programs.  We have some of the best in the area.  Research Sherwood and Good Counsel for starters. Look no further than OBGC for sports.  The tackle football program is solid.  It's baseball program is absolutely one of the top in our area.  I can tell you first

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Olney neighborhood performances

According to above chart, we see price improvements from one year ago in at least four neighborhoods.
1.70%  Olney Mill
7.80%  Barnsley Manor Estates
12.6%  Hallowell
32.7%  Williamsburg Village

The others for the most part were flat... but Olney Square took a hit.
Let's dig into this
Olney Mill
32 single family detached homes sold in this 12 month period, through Oct 2016
27 homes closed between 400k to 500k
Only 5 of these sales were above $500,000.  509, 520, 525, 529, and 584.5
They were sold on average in 22 days, with three selling in 0 days.  Over HALF sold in 6 days or less!
A 1% seller subsidy was the average given to buyers.  Although HALF were sold with NO seller subsidy at all.

Barnsley Manor Estates
12 homes

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townhouses Barnsley Manor Estates Olney MDBarnsley Manor Estates

Olney, Maryland - townhome community
Norbeck Grove community association

Olney Elementary
Rosa Parks middle
Sherwood High School

This community also has single family detached homes. 
These townhouses range from aprox 1,900 to 2,300 square feet, plus the basement.  They are nice open layouts with high 9 feet ceilings on all floors, including the lower level basement.  Big windows and abundant sunshine makes it's way into the home. These are 3 level townhomes built in 1999/2000, and come with one or two-car garages.

To get here, would most likely be determined by the time of day.  During rush-hour, you would want to avoid Georgia Avenue as you get closer to Olney.  Thus, make a left onto Emory Lane shortly after the ICC. 

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Home Inspection
What does Seller pay for?  What does Buyer pay for?

1) The inspector comes out for inspection during winter.  The a/c compressor can't be run when it's below a certain temperature.  Home Inspector won't turn it on and therefore can't verify that it's working.

2) Inspector goes up on ladder to check roof.  Wait, there's frost on the roof.  Inspector refuses to walk up there.  Roof doesn't get proper inspection.

3) House has a sump pump in the basement. 
There's a pvc tube lying across the top of the enclosure cap.  Inspector says he can't open the cap to check if pump is working correctly.

These are all scenarios I have recently run into with my clients.  The first, I represented the Buyers.  The other two, I represented the

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Trotter's Glen
new homes

Luxury home neighborhood under construction.  Several sites are complete, but Lots remain available. This was the Trotter's Glen golf course nestled back in the southern part of Olney.

Going north on Georgia Avenue, you'll make your first right after you cross over the ICC bridge, onto Batchellors Forest Road.

You'll first see the golf course and homes on your right, then more homes once you make a left onto Seabiscuit Drive. The starting price has been around 1.2 mil.  These homes are designed with about 4,000 - 6,000 square feet and are on large lots, ranging from 3/4 to 2 acres.  Underground utilities... thus no ugly utility poles! 
I have listed below many of the features that come with these Toll Brothers' homes.

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According to va.gov, the following Montgomery County, Maryland condominium buildings are eligible for VA financing.
A VA loan is probably the best loan available.  Up to 100% financing with no mortgage insurance, and the interest rate is always low compared with other programs.  These are condos and condo townhomes...

- 10101 Grosvenor Park, Rockville

- 8045 at Silver Spring condo

- Americana Centre, Rockville

- Argent Condominium, downtown Silver Spring

- Arora Hills, Clarksburg

- Ashmore at Germantown I, II, III, IV

- Aspen Forest II, Silver Spring

- Astoria Hill, Germantown

- Aurora Condo North, South, downtown Silver Spring

- Autumn Breeze Condominium, Clarksburg

- Bailey's Commons Condos, Rockville

- Bentley Place

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