In Worcester County, homeowners may utilize the zoning use called the Accessory Structure to gain additional living quarters.The purpose is to allow no more than one accessory apartment per lot of record ...
Read moreLauren's Blog
Housing prices increase, but appraisals lag behind
With “for sale” inventory limited in many price points, sellers may be able to ask more for their home.But, sellers need to remember that the home will still need to appraise adequately if the buyer is ...
Read moreHousing market could be stronger
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 ...
Read moreFlood insurance program may expire Sept. 30
The National Flood Insurance Program’s authority to provide flood insurance is currently scheduled to expire on Sept. 30.The National Association of Realtors is making every effort to secure a long-term ...
Read moreOC area remains in higher demand with low inventory
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.Demand in the Ocean City area has remained robust. We ...
Read moreAdverse-market fee to start Sept. 1
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.In most cases, this would cost homeowners thousands ...
Read moreHow sellers can get best offer on houses in market
When listing a home for sale, sellers should make sure they really “come out of the gate running.”The following are do’s and don’t’s for sellers when listing their house for sale to ensure the least amount ...
Read moreLaw allows tax deferral for like-kind property exchanges
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, ...
Read morePrepare for storms with insurance, actions
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.In addition to purchasing flood insurance, ...
Read moreNAR estimates typical home value in Worcester $266K
The National Association of Realtors supplies median home prices and monthly mortgage payment estimates in its housing statistics.The group applies the House Price Index growth from FHFA to the latest ...
Read moreNew state legislation impacts HOA and condo associations
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 ...
Read moreLegislation to impact real estate contracts
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 ...
Read moreMd. legislation affects real estate industry and taxes
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 ...
Read morePoints to weigh prior to purchasing condo
Condo sales have been soaring in the Ocean City and surrounding beach markets.Purchasing a condominium differs from buying a single-family home in more ways than the obvious.Condo ownership offers buyers ...
Read moreFinancial incentives available
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 ...
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