Maryland & DC Real Estate Blog

Who Pays Closing Costs When You Buy a Home in Maryland?

Short answer: You'll pay most closing costs, but not all of them. In Maryland, the state transfer tax, the county transfer tax and the recordation tax are split 50/50 between buyer and seller unless your contract says something different. Lender fees, title fees and prepaid items are the buyer's. If

Should I Waive the Home Inspection to Win a House in Maryland?

Short answer: Usually, no. But you have more options than "full inspection" or "no inspection." Based on what I'm seeing, you can often make an offer stronger by changing how your inspection works instead of giving it up. I hear this fear a lot: "If I keep my inspection, I'll lose to someone who wai

Can I Sell My House Soon After Buying It, and Will I Lose Money?

Yes, you can sell right after you buy. No law stops you. Whether you'll lose money depends on how much the home has gone up in value, what you owe, and what it costs to sell. In the first year or two, selling costs often take a big bite out of your equity, so run the real numbers before you decide.

What Do I Have to Disclose When Selling a House in Maryland?

In Maryland, most sellers of single-family homes must give the buyer one of two forms: a Residential Property Condition Disclosure Statement or a Residential Property Disclaimer Statement. Either way, you have to disclose any "latent defects" you actually know about. The form goes to the buyer on or