I was once told by a past client in a listing interview, “every property deserves a new owner.” He told me this while I was looking around and commenting on the original condition of the oceanfront condo. Incredible view and a solid property, but the decor and upgrades never made it out of the 70’s.
This isn’t an earth-shattering quote that will save lives, but it is important to remember when listing a home for sale. Be honest with what you are selling and realistic in your expectations.
The rest of the story… We overpriced the condo and it never found its new owner....
Market Insight Made Easy
My opinion moving forward – Another good month for Ocean City, MD Real Estate Market. By the numbers, sales Year over Year are down, but that has to do with the lack of inventory. Plenty of buyers and the interest rates are still favorable. I'm expecting to see a strong April. If you are a seller, now is the time to put your house on the market.
With the lack of inventory and the abundance of Buyers there's been an uptick in multiple offer situations. If you see something you like don't hesitate, "good" properties aren't sitting on the market.
I remain Bullish on the Ocean City, MD real estate market through April.
For a more a detailed report, click ...
Picture credit: The Children's Book Garden’s Annual Tea with Peter Rabbit. My daughter isn’t a fan of Peter Rabbit… yet!
Are you ready to hunt, hop, and dive into the EASTERn Shore?! We want to share a few family friendly Easter events in Ocean City, Ocean Pines, Berlin and Willards.
April 11th 10:30am - Ocean Pines Library (11107 Cathell Rd, Berlin, MD)
Who doesn’t love a sweet Easter storybook! Bring the kiddos, snuggle up on the floor, and enjoy an Easter Storytime! Free Event, For ages 2...
How much money will be withheld when I sell my house in Maryland?
That is a question every MD Nonresident property owner should ask themselves prior to selling. Why? It’s the Law and there’s no way around it.
Almost 16 years ago, October 1, 2003, Section 10-912 was passed by the general assembly and placed into effect. Section 10-912 addressed the sale or transfers of real property and associated tangible property in Maryland by nonresidents AND nonresident entities. This law is still as relevant today as it was when it was passed in 2003.
The withholding of monies is for potential taxes that may be due from the sale of your property. The collection of the monies...
Market Insight- Ocean City, MD | February 2019
Market Insight Made Easy
Whether you are Buying or Selling Real Estate in Ocean City, MD, you should be aware of the current market trends. Stay up to date with an easy one-page recap of the past month (New Listings, New Pendings, Closed Sales, Median Sold Price, Active Listings, Average DOM, and Average Sold to OLP Ratio).
For a more a detailed report, click Market Report or Market Statistics.
My opinion moving forward – Closed Sales and New Pendings are up both year over year and...
Local Website Local Realtor
I love talking, showing, and selling Real Estate, but I hate writing about it. Writing was never my forte and most likely why l loathe blogging. However, if I can make the most expensive experience in your life easy, or at least easier, it’s worth my time.
When you purchase a property you use a local realtor, not someone who offers services to the majority of the US and Canada. Get off Zillow, or other real estate platforms (non local), and find a local website for your home search. Yes, I advertise on Zillow and yes, I have made money off of Zillow. I pay to obtain leads from their real estate portals, however, I quickly add my clients as an user on one of my websites (MD or ...
Market Insight- Ocean City, MD | January 2019
Market Insight Made Easy
Whether you are Buying or Selling Real Estate in Ocean City, MD, you should be aware of the current market trends. Stay up to date with an easy one page recap of the past month (New Listings, New Pendings, Closed Sales, Median Sold Price, Active Listings, Average DOM, and Average Sold to OLP Ratio).
For a more a detailed report, click Market Report or Market Statistics.
My opinion moving forward – Even though closed sales are down both year over year and month over...
Rental License Information - Ocean City, MD
If I buy a condo in Ocean City, MD and want to rent it out, do I need a rental license?
The quick answer is Yes. However, not properly registering your property can lead to fines. All rental units in Ocean City, MD are required to be registered with the Town. You should also familiarize yourself with the R1-Rental Map.
We as REALTORS give out so much information, I believe half of it is missed. If I had a choice to listen to me talk or soak up the view of an ...
Favorite winter restaurants in Ocean City, MD- 2018/2019
It may be the offseason in Ocean City, but there are some good restaurants still open. In fact, some have really good deals on certain nights of the week. Always call ahead, some may have gone fishin and specials can change. Here are a few of my favorites….
Fager’s Island- 201 60th St, Ocean City, MD 21842 Bayfront. Call 410-524-5500
“Award-winning and popular destination featuring impeccably prepared American and Pacific Rim cuisine.”
...
Buyer Representation - Ocean City, MD
My phone rings while sitting in my office, located on 86th street in Ocean City, Maryland. Assuming it’s a real estate call I answer promptly. Before I get to introduce myself, I hear, “I only want to talk to the listing agent because I’ll get a better deal on the property I see on your website.” I politely respond that I am not the listing agent and before I can say anything else the caller hangs up on me. This isn’t the first time this has happened, and it surely won’t be the last. However, it does get me thinking. I realize the person is trying to save money, but they obviously lack knowledge of agency in Maryland. The only benefit...
