(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.
(June 12, 2020) The appraisal of a home is an important step in the real estate process, one that can certainly make or break a deal.
(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 29, 2020) Some of the biggest misconceptions in buying a home are related to down payments and closing costs.
(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 15, 2020) Purchasing a new home is normally the biggest investment you’ll ever make and once you’ve bought a home, it’s a decision you can’t easily reverse.
(May 8, 2020) Despite the new reality and sobering impact of the virus, real estate transactions are still happening.
(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 24, 2020) As a result of covid-19 and the necessary “shelter in place” ordinances, local courthouse and county offices are closed to the public.
(April 17, 2020) During the “Stay at Home Order” issued by Gov. Larry Hogan, real estate is affected, but definitely not halted.
(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 20, 2020) Every aspect of American life is being affected by COVID-19 (novel coronavirus), and that includes the real estate market.
(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.