Lauren Bunting is an Associate Broker with Atlantic Shores Sotheby’s International Realty in Ocean City.
(Jan. 14, 2022) According to a recent article released by the National Association of Realtors, consumers can expect slower housing price appreciation, easing inflation and rising interest rates in 2022.
(Dec. 24, 2021) The National Flood Insurance Program’s (NFIP) has a new rating methodology, Risk Rating 2.0, and FEMA says it will deliver rates that are easier to understand and better reflect a property’s unique flood risk. Rates will now be developed on a structure-by-structure basis vers…
(Dec. 17, 2021) USDA offers loans and grants for home repairs in rural areas of Maryland through a program known as Section 504 Home Repair program.
(Dec. 10, 2021) One of the inspections that a buyer might decide to pay for when purchasing a home is a chimney inspection, especially when buying a home with a wood burning fireplace, woodstove, or pellet stove.
(Dec. 3, 2021) 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”).
(Nov. 12, 2021) The two government-controlled mortgage giants, Fannie Mae and Freddie Mac, have made moves to tighten mortgage rules on buildings with many short-term rentals and hotel-like amenities.
(Oct. 15, 2021) Condominium associations provide master policy insurance coverage, but a master policy usually covers only the building’s exterior and common areas.
(Sept. 24, 2021) Mortgage insurance is an additional cost that buyers will have to budget for in their total monthly costs when they are not able to put 20 percent or more down on the purchase of a home.
(Sept. 10, 2021) The Maryland Agricultural Land Preservation Foundation (MALPF) was established by the Maryland General Assembly in 1977 and is part of the Maryland Department of Agriculture.
(Sept. 3, 2021) Second home mortgage requirements are a bit stricter than first home loans, and a bit stricter than in years past with some new guidelines coming into effect this year.
(Aug. 27, 2021) Without broadband access, the National Association of Realtors (NAR) estimates that a home loses 6 percent of its value compared to a similar home with access.
(July 23, 2021) Earlier this week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective Aug. 1.
(June 25, 2021) Buyers usually pay most of the closing costs associated with a purchase, of which, transfer and recordation taxes are one piece of the total closing costs.
(June 4, 2021) As a conclusion to the previous weeks’ articles, below is a final reporting of the Maryland State Legislature, which convened on Jan. 13 and adjourned on April 12.
(May 28, 2021) As a continuation to the previous two weeks’ articles, below is a reporting of the Maryland State Legislature, which convened on Jan. 13 and adjourned on April 12.
(May 14, 2021) In 2021, the Maryland State Legislature convened on Jan. 13 and adjourned on April 12. Maryland Realtors issues a report each year on the Maryland Legislative session to summarize the legislation that affects the real estate industry. Below are a few of the items from the repo…
(May 7, 2021) Per the National Association of Home Builders (NAHB), lumber prices have tripled over the past 12 months and have caused the price of an average new single-family home to increase by $35,872.
(April 30, 2021) Last week, we discussed the current sellers’ market and how it is difficult to get offers accepted when facing multiple offer situations.
(March 26, 2021) According to the National Association of Realtors, existing-home sales declined in February, following gains in both January 2021 and December 2020. However, all four U.S. regions recorded year-over-year gains.
(March 19, 2021) If a home doesn’t operate off of a public sewer facility, then a private in-ground wastewater treatment system is used to treat and dispose of household wastewater on-site.
(March 12, 2021) Since 2015, the state of Maryland has made it mandatory for all properties built prior to 1978 to have a new lead inspection certificate at each change of occupancy.
(Feb. 26, 2021) The Worcester County Forest Conservation Law was enacted under the Maryland Forest Conservation Act of 1991, requiring all county governments to adopt local forest conservation programs.
(Feb. 19, 2021) The saying “a picture is worth a thousand words” is especially true in selling a home in today’s world, where practically all house shoppers start their search online.
(Feb. 5, 2021) The National Association of Realtors published these tips for homeowners to help keep homes safe from freezing temperatures and avoid costly repairs.