(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.
(March 6, 2020) The creator of the FICO score, Fair Isaac Corp, is going to make some changes to how credit scores are calculated.
(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. 14, 2020) There are three kinds of agency relationships in Maryland: seller agency, buyer agency and dual agency.
(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. 31, 2020) Customary in the state of Maryland is a split of transfer and recordation charges between a buyer and a seller.
(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. 10, 2020) Why build (or renovate) green?
(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. 20, 2019) Buying a home is one of the single largest investments people will make in a lifetime.
(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.
(Dec. 6, 2019) Landlords have an important decision to make when selecting a tenant to rent their investment property year-round.
(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.
(Nov. 22, 2109) The state rolled out a unique program called Maryland SmartBuy, which can help buyers with student debt attain homeownership.
(Nov. 15, 2019) Maryland Realtors issued a news release stating that the real estate market in the state remains stable.
(Nov. 8, 2019) In a strong real estate market with lower inventory, the likelihood of multiple offer situations occurring increases.
(Nov. 1, 2019) Most buyers know they need to save down payment and closing cost money, pay down their debt and talk to a mortgage broker before looking at buying a home.
(Oct. 25, 2019) It’s undeniable that staging can help sell a home.
(Oct. 18, 2019) This year, Amazon dipped its toes into the real estate business by partnering with five of the largest real estate brokerages with a collaboration they have named “TurnKey.”
(Oct. 4, 2019) T3 Sixty, a management consulting, training and in-depth research company for the real estate industry, issued a news release about its new white paper, The MLS 2022 Agenda.
(Sept. 27 2019) A home warranty is different from a homeowner insurance policy.
(Sept. 20, 2019) Real estate agents in Maryland are required to complete 15 hours of continuing education every two years.
(Sept. 13, 2019) The local multiple list system is called Bright MLS.
(Sept. 6, 2019) Customary in the state of Maryland is a split of transfer and recordation charges between a buyer and a seller.
(Aug. 30, 2019) Buyers actively looking for a home in today’s market are likely to get a response if they say “Hey Alexa.”
(Aug. 23, 2019) The National Association of Realtors sent out a press release last week commending the Department of Housing and Urban Development for finalizing new Federal Housing Administration condominium loan policies.