According to a recent article released by the National Association of Realtors, consumers can expect slower housing price appreciation, easing inflation and rising interest rates in 2022. This statement ...
Read moreLauren's Blog
2021 Market Recap
2021 was another banner year in real estate that ended very strong—here’s an “at a glance” recap of some of the various market stats.The average sales prices varied monthly throughout the year, but September ...
Read moreThe National Flood Insurance Program’s New Rating Methodology
The National Flood Insurance Program’s (NFIP) has a new rating methodology, Risk Rating 2.0, and FEMA says it will deliver rates that are easier to understand and better reflect a property’s unique flood ...
Read moreUSDA Home Loans
USDA offers loans and grants for home repairs in rural areas of Maryland through a program known as Section 504 Home Repair program. The program provides loans to very-low-income homeowners to repair, ...
Read moreChimney Inspections
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 ...
Read moreProperty Condition: Latent Defect vs. Material Fact
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 ...
Read moreReal Estate Activity in the Holiday Market
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 ...
Read moreOctober 2021 Market Analysis
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, ...
Read moreFrannie Mae & Freddie Mac tighten rental restrictions
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 ...
Read moreChoosing A Tenant
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 ...
Read moreEarnest Money
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 ...
Read moreUpdates By FEMA To Flood Risk & Policies
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 ...
Read moreInsurance Policies For Your Condominium
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, ...
Read morePay Attention to Contract Details
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 ...
Read moreProtect yourself from termites while buying a home
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 ...
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