Lauren Bunting is an Associate Broker with Atlantic Shores Sotheby’s International Realty in Ocean City.
(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.
(Jan. 24, 2020) All homebuyers know they should get a home inspection, but a common misconception is that your home inspector will also cover inspecting for termites.
(Jan. 17, 2020) Land owners looking to subdivide existing parcels should understand the soil testing process as well as management areas and their significance.
(Jan. 3, 2020) 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, wood stove, or pellet stove.
(Dec. 27, 2019) With many economists predicting a recession in 2019, we are entering the final days of this year and this decade in a good economy and a steady real estate market.
(Dec. 13, 2019) 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.
(Nov. 29, 2019) Cyber Monday hits the real estate market? It’s true, even real estate websites are offering marketing deals this holiday season to encourage online shopping for homes.