(June 11, 2021) June 2021 was proclaimed National Homeownership Month by President Joe Biden.
(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 21, 2021) As a continuation to last week’s article, the Maryland State Legislature 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.
(April 23, 2021) Buyers are looking for ways to strengthen their offer in this competitive seller’s market.
(April 16, 2021) In this sellers’ market, one tactic used by buyers is the “buyer love letter.”
(April 9, 2021) The state offers a unique program called Maryland SmartBuy, which can help buyers with student debt attain homeownership.
(April 2, 2021) Customary in the State of Maryland is a split of transfer and recordation charges between a buyer and a seller.
(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.
(March 5, 2021) Anyone who sells a property in Maryland, but is a “non-resident” of the state, must pay a withholding tax.
(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. 12, 2021) Lack of inventory, rising prices, multiple offers on new listings—all confirmation that we are indeed in a sellers’ market.
(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.
(Jan. 29, 2021) The preservation of agricultural land is important to Maryland.
(Jan. 22, 2021) Most people are familiar with the VA Loan, which is a loan program through the Department of Veterans Affairs.
(Jan. 15, 2021) The Maryland Real Estate Commission is the regulatory agency that provides licenses to real estate brokers and agents.
(Jan. 8, 2021) The year 2020 in real estate ended very strong. Here’s an “at a glance” recap of some of the various market stats.
(Dec. 25, 2020) This year has produced noticeable real estate market shifts, and in many cases the surge in real estate demand was fueled by the effects of covid-19.
(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. 27, 2020) An important inspection for homes, especially those on a private well water supply, is the water quality test.
(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.
(Oct. 23, 2020) Habitat for Humanity of Worcester County operates a ReStore located at 9026 Worcester Highway in Berlin.
(Oct. 16, 2020) Cash may be king in a sellers’ market, but buyers need to understand that the same is not true with financial institutions.
(Oct. 9, 2020) Information from a recent Sears Home Services survey is showing that the pandemic has prompted homeowners to reevaluate their homes.
(Oct. 2, 2020) In Worcester County, homeowners may utilize the zoning use called the Accessory Structure to gain additional living quarters.
(Sept. 25, 2020) With “for sale” inventory limited in many price points, sellers may be able to ask more for their home.
(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. 11, 2020) The National Flood Insurance Program’s authority to provide flood insurance is currently scheduled to expire on Sept. 30.
(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. 21, 2020) When listing a home for sale, sellers should make sure they really “come out of the gate running.”
(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 31, 2020) The National Association of Realtors supplies median home prices and monthly mortgage payment estimates in its housing statistics.
(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.
(July 3, 2020) Condo sales have been soaring in the Ocean City and surrounding beach markets.
(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 19, 2020) With low inventory in our market, and a high buyer demand, we are experiencing many multiple-offer situations on properties.