Selling Your Home

MD Nonresident Property Owner Withholding- Ocean City, MD

Women on Vacation on the Beach Throwing Money

MD Nonresident Owner Withholding- Ocean City, MD

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...

Why You Should Consider Selling in the Winter

Selling In Winter Attracts Serious Buyers

The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.

Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking...