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The Davis Team


Displaying blog entries 1-9 of 9

2086 Montevideo Road - New Listing

by Frank Davis




Service... it doesn't stop at the listing!!

by Frank Davis Jr with The Davis Team

We had made reservations 2 months in advance to eat at a 5-star, much sought after restaurant in California while on vacation. We arrived at the restaurant to a warm greeting by the hosting. While the food was fantastic, the service was horrible.  We had to flag down our waiter to take our order, to remove the finished appetizers, to request drinks, and to finally ask for the bill after it was clear we would not be asked if we wanted dessert.  The anticipation of eating at a great restaurant was ruined by bad service.  While the manager tried desperately to give the restaurant another chance, the damage was done. 

This experience made me think about the similarities with the real estate business. Some agents will get a listing and forget about their client. Don't fall into that trap! Lack of attention will damage your brand and ruin a business. I have never heard someone complain that they were given too much attention.  Make your clients a priority throughout the entire home buying and selling process.

When is the best time of the year to buy a home?

by Frank Davis Jr. with The Davis Team

When is the best time of the year to buy a home?

“When is the best time of the year to buy a home?” is probably the most frequently asked question that I receive. There are many factors to consider when answering this question. Do you want to best deal? Do you want to make the move the easiest for your family? Do you mind doing a little work to the property? In Central Maryland, where I primarily work in selling residential real estate, I consider myself an expert at answering this question.

It is my opinion that buying a home in November, December, January, or February provides the greatest opportunity for the best deal. Usually, if someone is selling in that timeframe, they are selling for a reason, intimating a sense of urgency.  Who really wants to move during the holidays and cold weather, anyway?  Estate sales, divorce sales, short sales, and REOs (bank owned properties) can be good options during this time. These properties often require work and the inventory can be light in comparison to the Spring but offer the best potential value.  Bottom line… if you are willing to make compromises, you could end up with the best deals!


Frank Davis Jr.

About Frank Davis Jr.

Frank Davis Jr. is a Mega Agent and Co-Owner/Founder of Keller Williams Select Realtors in Ellicott City, Maryland – selling residential real estate in Central Maryland. Licensed since 1999 and coming from a construction background, Frank has worked on countless rehab projects, short sales, REO’s and multi-million dollar deals!!

ALS Fundraiser at Bistro Blanc October 26, 2011

by The Davis Team

Walk to Defeat ALS - Bobby's Angels Fundraiser

Wine and Dine at Bistro Blanc to Fight ALS

As most of you know, my father-in-law lost his battle with ALS (Lou Gehrig's disease) last year. This progressive, fatal neuromuscular disease slowly robs the body of its ability to walk, speak, swallow, and breathe.

To increase awareness and raise money for ALS, I've again teamed up with Bistro Blanc Restaurant to host a fundraiser to support Team Bobby's Angels in the Walk to Defeat ALS.

Get Involved! Join us for happy hour and/or dinner on Wednesday, October 26 from 5 pm to close—Bistro Blanc will graciously donate 20% of all dining and bar sales to the ALS Association.

Event details include:

  • Bar specials: half price beer and $2 off wine and specialty cocktails
  • Amazing dinner creations from chef Marc Dixon: see sample menu
  • Raffle: enter to win an iPad™, an XBOX™, and dinner for two at Bistro Blanc

Make Your ReservationReservations: Ask family, friends, and co-workers to secure dinner reservations in advance—limited space is available. Important: Please mention/indicate "Walk to Defeat ALS".

Extra Incentive: Earn a 15% discount on wines purchased by the case. The restaurant will donate an additional 10% on these sales.

Let's work together to spread awareness of the urgency to find treatments and a cure for ALS. I look forward to seeing you at Bistro Blanc on Wednesday, October 26!

Frank Davis

Learn more about ALS, including recent advancements, from the ALS Association.

Bistro Blanc Restaurant • 3800 Ten Oaks Road • Glenelg, MD 21737

Keller Williams Red Day Baltimore

by The Davis Team

We at Keller Williams Select Realtors of Ellicott City have been blessed in many ways.

On Thursday, May 13th, we have an opportunity to give back to our community by participating in the planned activities for Keller Williams  RED Day, our national day of giving back.

Keller Williams offices in Ellicott City, Columbia, Baltimore City and Baltimore County as well as several Lender offices have teamed up to assist Open Door Baltimore  with their work of empowering individuals & families in the poorest neighborhoods of Baltimore.

Open Door Baltimore provides: food, clothing, counseling, employment training and assistance, as well as many other services by working with other not-for-profit services that also operate in East Baltimore.

Activities for the day will include assisting:

  • At an area Elementary School
  • At a local food pantry
  • At a thrift clothing distribution center,
  • Preparing the new expanded Open Door Baltimore (ODB) office space for occupancy,
  • Moving ODB office equipment and furniture to the new space,
  • Construction of expanded food pantry,
  • Setting up of computers,
  • Cleaning up around the community,
  • Sorting, organizing, and distributing the donated items,
  • Work on ODB promotional pieces and website, and MORE!


In addition to the activities on May 13, we have committed to collecting donations of

Food & Hygiene Items
New or Gently Used Work Clothes
School Supplies.

We will have a lot of volunteers, but we can always use more.  What we REALLY need are donations of the items mentioned above.  Keller Williams Select Realtors is located at 3290 N. Ridge Rd. Ellicott City, MD 21043 which is right next to the Wal Mart in Ellicott City. 

We would love for you to make a donation when you are in the area. 

If you have any questions, please email

Thanks and have a great day!

Ugly Changes to FHA Condominium Loans

by The Davis Team
Once again from our friends at M Point Mortgage:
HUD Condominium Approvals Effective with Cases Assigned 10/1/09


Loans with case numbers ordered on or after October 1, 2009, are subject to the new condominium procedures outlined by HUD in Mortgagee Letter 2009-19.

1. Spot Loan Condo Approvals are no longer allowed.


2. Any condominium that has not been approved by HUD 10/1/09 or later will require full condominium review and approval by HUD. Only exceptions: FHA to FHA streamline refinances or sale of a HUD REO by HUD’s Real Estate Owned Division. Even on approved projects lender will be required to certify that we have no knowledge of circumstances or conditions that might have an adverse effect on the project or cause a mortgage secured by a unit in the project to become delinquent.


3. Maximum FHA Concentration – HUD is limiting the number of FHA insured loans to 30% for any project. This is a very big change. Per HUD recent HUD conference call, the plan is for FHA Connection to be capable of monitoring. It is imperative that case numbers be ordered correctly with the correct project approval code. If the project is not at maximum concentration a case number will be assigned; if the project is at maximum concentration and not eligible for another FHA loan the case number will not be assigned and a message issued stating that. As loans are paid off within the project Connection will be updated by HUD “freeing up” units for new case assignments.

What is a Short Sale??

by The Davis Team

A short sale is a complex real estate transaction where the lenders agree to allow a homeowner to sell their property for less than the amount owed on the property. In other words, it is like a normal real estate sale, with a buyer and a seller, but in a short sale the contract between the buyer and the seller is subject to the third party approval of the lender(s) or mortgage servicer(s) of the outstanding loan(s). The reason the real estate transaction is subject to the third party approval of the lender is because in a short sale the lender must agree to write off or take a loss on the portion of a mortgage that is higher than the value of the home.

A short sale is a difficult residential real estate transaction to manage and get approved by the lender. It involves almost as much paperwork as it took to obtain the mortgage itself, and generally requires the homeowner to prove a financial hardship as to why the short sale should be approved. Not all lenders will accept short sales or to write off any portion of a mortgage. Often lenders are not satisfied with the payoff in the contract between the buyer and seller so there is much negotiation between the parties. The paperwork involved in a short sale is unique and each lender often has different procedures in place for handling short sales.

Should I Buy a Home Now?

by The Davis Team

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

New $7,500 Tax Credit for First Time Buyers

by The Davis Team

The Housing and Economic Recovery Act of 2008 was just signed by President Bush with some amazing benefits for first time homebuyers. Call everyone you know who wants to buy their first home (or who hasn't owned one in three years), this is too good to miss - it's a $7,500 tax CREDIT (not deduction but a credit).

If you have not owned a home in three years, you qualify as a first time home buyer. If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit. Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify. It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit. In other words, you take $7,500 off your tax bill. But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years. You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment. You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year. If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house? You pay the balance back at the closing. So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house. What happens if you do not make enough money when you sell your house? They forgive the rest of the debt.

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you'd like to learn more about this program, please call me!

Displaying blog entries 1-9 of 9




Contact Information

Photo of Frank Davis Jr/The Davis Team Real Estate
Frank Davis Jr/The Davis Team
EXIT Premier Realty
211 Main Street #2
Annapolis MD 21401
Direct: 240.375.3361
Office: 410.266.3030