• 0

(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.

  • 0

(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…

  • 0

(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.

  • 0

(April 2, 2021) Customary in the State of Maryland is a split of transfer and recordation charges between a buyer and a seller.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(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…

  • 0

(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.

  • 0

(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.

  • 0

(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.

  • 0

(June 19, 2020) With low inventory in our market, and a high buyer demand, we are experiencing many multiple-offer situations on properties.