Lauren Bunting is an Associate Broker with Atlantic Shores Sotheby’s International Realty in Ocean City.
(Dec. 18, 2020) Worcester County’s Chesapeake Bay Critical Area Program, which was adopted in 1990, accommodates future growth within the Critical Area, while providing for conservation of fish, wildlife and plant habitats, and minimizing adverse water quality impacts.
(Dec. 11, 2020) There are so many advantages to owning your own home, and even with prices on the rise, affording a new home may be easier than you think due to continued record-setting low interest rates.
(Dec. 4, 2020) When it comes to restrictions that local governments impose on property, there are avenues such as a variance or a special exception that owners can pursue to request changes, but the two are very different.
(Nov. 20, 2020) In a strong real estate market with lower inventory, we are experiencing numerous multiple offer situations, especially on the lower price point category of homes that first-time homebuyers would be seeking.
(Nov. 13, 2020) Most commonly used in the state of Maryland to protect a buyer and ensure that title to a property is clear and marketable in a real estate transaction, is the purchase of a title insurance policy.
(Nov. 6, 2020) Homeowners in the state of Maryland should be aware that as of Jan. 1, 2018, there were new residential smoke alarm requirements put into place, as per a bill passed by the Maryland General Assembly in 2013.
(Oct. 30, 2020) With two months left in this bizarre 2020, and the continuation of a very strong sellers market, many buyers are asking what impact continued economic uncertainty could have on home prices and will they finally start to level or go down.
(Sept. 18, 2020) The National Association of Realtors Chief Economist, Lawrence Yun, released a video report that dissects the latest homes sales numbers, talks about what could make the market even stronger, and forecasts what’s ahead in housing.
(Sept. 4, 2020) At the beginning of the summer, we reported that demand has been very strong in the Ocean City market and surrounding areas since the end of April.
(Aug. 28, 2020) Earlier this month, Fannie Mae and Freddie Mac announced plans to impose a new 0.5 percent adverse-market fee on mortgage refinances starting Sept. 1.
(Aug. 14, 2020) Since 1921, U.S. tax law has recognized that the exchange of one investment or business-use property for another of like-kind results in no change in the economic position of the taxpayer, and therefore, should not result in the immediate imposition of income tax.
(Aug. 7, 2020) With the recent Tropical Storm Isaias impacting our coastal area, the importance of having a plan in place for storm events to protect your property is top of mind.
(July 24, 2020) Below is the final summary of the 2020 legislative session of the Maryland General Assembly on items that were passed and put into legislation affecting the real estate industry as it relates to both Common Ownership Communities (HOA and Condo Associations) as well as Propert…
(July 17, 2020) Below is a summary of the 2020 legislative session of the Maryland General Assembly on items that were passed and put into legislation affecting the real estate industry as it relates to Real Estate Brokerage and Contracts.
(July 10, 2020) Below is a summary of the 2020 legislative session of the Maryland General Assembly on items that were passed and put into legislation affecting the real estate industry as it relates to affordable housing and taxes.
(June 26, 2020) Are you looking to buy a home in Wicomico County? The Maryland Department of Housing and Community Development, in partnership with Wicomico County, is providing attractive financial incentives to help make buying new construction homes even more affordable.
(June 5, 2020) Demand has been very strong in the Ocean City market over the past month due to both being in our spring market (although somewhat postponed due to covid-19) and historically low interest rates.
(May 22, 2020) Listing inventory is at record lows both around the country and in our local area, and buyer demand is coming back as the country eases restrictions, so it’s a great time to sell if you have been considering putting your home on the market.
(May 1, 2020) We all want to see the pandemic come to an end, but realize the return to normal life will be a gradual progression—and one that will bring along changes in the way we live.
(April 10, 2020) If you’ve been furloughed or laid off from your job, there are options now to be able to reduce or suspend your mortgage payment.
(April 3, 2020) With updates and announcements daily, as well as much of our country under stay-at-home orders to help slow the spread of the virus, the real estate industry is challenged to stay engaged with clients and meet critical deadlines without in-person meetings.
(March 27, 2020) According to the National Association of Realtors, February home sales surged 7.2 percent year-over-year, hitting a pace of 5.77 million, and home prices rose 8 percent – both encouraging figures for spring.
(March 13, 2020) Contracts of sale offer various contingency clauses that allow you to negotiate a contract or possibly render the contract null and void if necessary.
(Feb. 28, 2020) Part of each residential contract of sale in Maryland is an addendum from Section 10-702 of the Real Property Article of the Annotated Code of Maryland (“Section 10-702”).
(Feb. 21, 2020) Owners of a condominium unit or a unit in a homeowners association (HOA) must provide buyers what is referred to as a “resale package.”
(Feb. 7, 2020) Presale renovations are not a new concept, but according to an article in Realtor Magazine by the National Association of Realtors, they are becoming a new business model.