Ocean City MD Real Estate Tips-WALKING IN SELLER’S MOCCASINS

April 17, 2012 by Monica McNamara · Leave a Comment 

As a home buyer, you have made an offer to the seller which was much lower than the asking price. If the seller has countered the offer you made, you are now in the same position the seller was in when he received your offer.  As the Indians say, “you are now walking in his [...]

Your Ocean City Home or Condo Must Be Seen To Be Sold

March 6, 2012 by Monica McNamara · Leave a Comment 

One way to help your real estate agent sell your Ocean City home is to make it available.  Selling a home is not unlike any other kind of selling.  If a department store is usually closed, it cannot sell its merchandise.  You can imagine how long a store like that would be in business. I’ve [...]

Do I Qualify For This Mortgage?

December 6, 2009 by Monica McNamara · Leave a Comment 

Buyers, make sure you qualify for the mortgage loan you will be obtaining to purchase your home or condominium. The rules to qualify seem to be changing almost daily. When you apply for a mortgage, most (if not all) lenders will sell your loan to the secondary mortgage market (a/k/a Fannie Mae or Freddie Mac). [...]

Great News For Property Buyers

November 10, 2009 by Monica McNamara · Leave a Comment 

Homebuyer Tax Credit Update! On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. TAX CREDIT OVERVIEW Who Gets What? First-Time Homebuyers (FTHBs): First-time homebuyers [...]