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, woodstove, or pellet stove. This ...

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”). This code requires that a seller ...

A common question from sellers is “when is the best time to sell my house?”. But, the answer to that question is multi-faceted and dependent on market conditions.Traditionally, the slowest buyer demand ...

Maryland REALTORS® just released real estate statistics information from the October 2021 housing market analysis. The market continued its monthly trend of a decrease in units sold, down 8,665 in 2021, ...

The two government-controlled mortgage giants, Fannie Mae and Freddie Mac, have made moves to tighten mortgage rules on buildings with many short-term rentals and hotel-like amenities. This move could ...

Landlords have an importantdecision to make when selecting a tenant to rent their investment propertyyear-round. Property owners have traditionally interviewed prospective tenantsin person and asked for ...

Earnest money is a deposit made to a seller that represents a buyer's good faith to buy a home. This deposit money can be called an escrow deposit, good faith deposit, or earnest money. But, whatever ...

FEMA is changing the way it views flood risk and prices flood insurance. The National Flood Insurance Program’s (NFIP) new rating methodology, Risk Rating 2.0, and FEMA says it will deliver rates that ...

Condominium associations provide master policy insurance coverage, but a master policy usually covers only the building’s exterior and common areas. To have coverage for what is inside your condo unit, ...

With low inventory in our market,and a high buyer demand, we are experiencing many multiple offer situations onproperties. It’s important to pay attention to contract details to be sure thatverbal agreements ...

All homebuyersknow they should get a home inspection, but a common misconception is that yourhome inspector will also cover inspecting for termites. While home inspectorsmake a notation in the home inspection ...

Mortgage insurance is an additional cost that buyers will have to budget for in their total monthly costs when they are not able to put 20% or more down on the purchase of a home. Referred to as MI or ...

Local zoning laws affect how a property can be utilized, and therefore, affect a property’s value. When purchasing a property, it’s important to understand the zoning classification so you can research ...

The Maryland Agricultural Land Preservation Foundation (MALPF) was established by the Maryland General Assembly in 1977 and is part of the Maryland Department of Agriculture. The Foundation purchases ...

Second home mortgage requirements are a bit stricter than first home loans, and a bit stricter than in years past with some new guidelines coming into effect this year. Fannie Mae and Freddie Mac ...