Happy Buyers in Maple Lawn

Congratulations to our clients Mr and Mrs Devlin on the purchase of a beautiful townhome in the desirable community of Maple Lawn in Fulton, MD. A former model home built by the well-respected home builder, Mitchell and Best, this home provides a wonderful mix of luxury and comfort in the heart of town. A wonderful find for a wonderful couple.

GSI 4.6 Maple Lawn Farm 003 1024x680 300x199 Happy Buyers in Maple LawnABOUT MAPLE LAWN (from www.maplelawnmd.com):

Maple Lawn is a mixed-use community built on the principles of Traditional Neighborhood Development – a town planning philosophy inspired by the small towns of the late 19th and early 20th centuries. These small towns were distinctive, prosperous and thriving and, most of all, had a sense of community.

Maple Lawn, Maryland is that kind of place. It’s a place with award-wining architecture, where you can easily walk to shops, services and even to work. A place where large areas of open space are infused into the community, at the same time using architecture and other site/design elements to create the atmosphere of a small town. And it’s a place where you can find a unique mix of boutique shops and high quality restaurants unlike anywhere else.

At Maple Lawn, pedestrian-scaled neighborhoods with small blocks, varied housing styles and interconnected tree-lined streets encourage walking and interaction among people within six different neighborhoods with a total of 1,340 homes planned.

Corporate offices and medical/professional buildings provide jobs and services for Maple Lawn residents and for others nearby. Generous open spaces and recreational amenities, such as the Maple Lawn Community Center, offer opportunities to relax and rejuvenate that are a cut above those offered by most planned communities. The result is a more enjoyable, practical way of living, where families can live, work, shop, dine and spend quality time together.

Maple Lawn, Maryland was developed by Greenebaum and Rose Associates.

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Congratulations to Dave and Kayla Gorman!

Congratulations to Dave and Kayla Gorman on the purchase of a beautiful home in the lovely neighborhood of Tanager Forest in Millersville, MD.

Great clients and great friends. On behalf of the team at Foster Spahr Real Estate and all our partners invloved in the transaction, we wish them many years of happiness in their new home!

1172 ExtPhoto 300x200 Congratulations to Dave and Kayla Gorman!

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Congratulations to the Szefc Family

Congratulations to the Szefc family on the purchase of a beautiful single family home in a wonderful neighborhood in Ellicott City, MD.

Relocating from Kansas to Maryland presented many challenges for the family of 5 including finding a location that was accessible to work while also making the schools a top priority. With a set budget, we helped guide our clients to Howard County where we could maximize the living space without sacrificing schools or location. After an extended search and several lost bidding wars, we were able to locate a property that had not yet gone active and negotiated a contract prior to it going on the market. We successfully closed the transaction 30 days later, just in time for the family to join the husband in Maryland to begin the next chapter in their journey.

On behalf of the team at Foster Spahr Real Estate, we wish the Szefc family years of happiness in their new home.

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Case Study: A Successful 1031 Exchange

Congratulations to our clients Singh and Sue Bakshi for selling their single family home investment property in four corners Silver Spring and successfully rolling the funds into a beautiful investment property in North Potomac.

We have worked with our clients, the Bakshi’s, for several years and they came to us with a desire to sell an investment property and use a 1031 exchange to roll the funds into a newer investment property closer to their home. They originally bought their investment property in Silver Spring in 2009 out of foreclosure and completed a beautiful renovation on the property and brought it back to life. They decided to hold on to the property and manage it as a rental as the market was soft after we advised them they would be able to maximize their profits by holding the property for a few years until the market improved. We were able to secure several great tenants over a 3 year period and in late 2012, they made the decision to list the property for sale.

We worked directly with the owners to touch-up the property and we put together a detailed marketing plan which included professional photos, staging, and a combination of online and traditional marketing which helped secure a contract within 2 weeks. By holding off for 3 years, they were able to realize an increase in market value of over $75K and received a stream of rental income while holding the property.

Once the ratified contract was in place, we employed the expertise of a qualified 1031 exchange intermediary and helped them identify a like-kind property in a better location within the 45 day window established under 1031 exchange guidelines. The property they identified received 6 offers in the first weekend and we were able to negotiate a ratified contract $15k less than the highest bid by structuring a cash deal and putting together a fully qualified offer. We also negotiated a rent-back with the existing owner which guaranteed a 3 month income stream that would allow them plenty of time to find long-term tenants.

A 1031 Exchange is a great tool for investors looking to re-allocate funds or to roll investment gains into a larger investment while deferring the tax owed on the gains. By understanding the benefits of a 1031 Exchange and the legal requirements established for a qualifying exchange, a 1031 Exchange can be a wonderful tool in an investors tool belt.
Interested in learning more about 1031 Exchanges and how you may be able to benefit? Give us a call or drop us an email today.

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Mid-Century Modern Classic

Congratulations to our wonderful clients Neil Weinstein and Ellen Gorman on the purchase of a beautiful mid-century modern home located in the Woodside Community of downtown Silver Spring.

GetMedia 300x200 Mid Century Modern Classic

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Father’s Day Memorial Golf Tournament

FDMGT 300x64 Fathers Day Memorial Golf Tournament

Foster Spahr Real Estate is proud to be a sponsor of the 5th Annual Father’s Day Memorial Golf Tournament held on June 15th, 2012 and benefiting the American Heart Association and the V Foundation for Cancer Research.

Every year, the tournament raises gobs of money for cancer and heart disease research and it is a special event for everyone who participates. I want to personally thank Dave and Kayla Gorman and Jonathan (“Shack”) and Laura Schacter for dedicating countless hours of their time to put on this tournament and make it a success for everyone involved.

This is our 5th year participating in the event, and we are looking forward to another record breaking event.

And if you are looking for a great excuse to spend a friday playing golf and raising many for 2 great organizations, there is still time to register! Simply drop a note to Annualfdmgt@gmail.com for more information.

Click here to check out our Corporate Sponsorship!
Foster Spahr Sponsorship

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What’s in a name?

What’s in a name?
Many clients have asked us the history behind our name, so here it is. Foster Spahr combines the family names that serve as the foundation for the principals, values, and drive behind our founder, Dan Spahr.

From our founder Dan Spahr:
Both my father and my father-in-law had a major impact in my education and passion surrounding real estate. I was introduced to real estate at an early age by my father, Tim Spahr, who was a successful real estate agent in his own right. I was able to witness first-hand the values and rewards of hard work and dedication. My father-in-law, Pete Foster, is a successful real estate investor and helped introduce me to the benefits and opportunities that exist if you are willing to put in the energy and take calculated risks. I wanted to pay homage to this foundation by incorporated the family names into the name of our organization. The support we receive from those closest to us is one of the biggest contributors to our success.

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