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Ocean City, MD Real Estate Talk- Why a Home Doesn’t Sell

Monica McNamara — Wed, 01 Feb 2012 00:14:01 +0000

In the real estate business it’s called a “White Elephant:” An excellent house for sale which just sits and sits. Often you can recognize it by the tall grass and weeds overrunning in the front yard, an occasional broken window here and there… The cause of this blight is almost always the same – overpricing.

This story usually has a sad ending – for the seller. Eventually, the seller agrees to a price reduction and thinks the house will now sell fast. By this time it is too late. The good prospects will not come back or will have waived goodbye and bought elsewhere. Your property appears ”stale.” Buyers will wonder why this home hasn’t sold. They will wonder if something is wrong with the property besides the fact that it is overpriced. The appearance and condition sometimes have deteriorated. The eventual selling price is far below what it could have realized had it been valued realistically from the outset.

You don’t have to increase the “White Elephant” population in this country! There is a safe way to establish the Right price. When you are ready to sell, contact us. We’ll know the true value and what it will bring in this market. Top price, yes! Overprice – NO!

It’s All Happening in Ocean City – Cruisin’ At The Beach

Monica McNamara — Mon, 17 May 2010 15:43:14 +0000

Cruisin' Ocean City, Md.

Come on down the beach May 20- 23, 2010 and check out “Cruisin’ Ocean City”. This popular car show features over 3,000 hot rods, customs, classics, street machines, muscle cars and more. There is live entertainment, celebrity guests, special attractions, boardwalk parades, manufacturers vendor midway and more.

It’s held at the Convention Center on 40th Street & the Inlet parking lot. This year some special guests are scheduled to appear. Henry Winkler, the “Fonz”, Cruisin Gold Deejay Mike Wilson, Celebrity Stars Deejay Tim Beasley and more.

The Boardwalk parades are scheduled at 8am on Thursday, Friday and Saturday mornings. So many things to see and do, so make sure you cruise on down to Ocean City, Maryland for the 20th Annual Cruisin Ocean City.

Ocean City, MD Real Estate-April Market Summary Report

Monica McNamara — Tue, 11 May 2010 21:45:25 +0000

Here are the latest housing and real estate statistics for Ocean City for April . Feel free to to download, print, or view in the larger size. We’ll be adding these reports once a month so please feel free to subscribe to this page to have them delivered into your inbox!

We’re seeing some positive changes in the market. Specifically the days total that homes are on the market is shorter, and the average home sold price is going up. The inventory is lower than this time last year..so you know what that means? We are possibly at the beginning stages of seeing some stabilization.

Ocean City Real Estate-April Market Report

St. Patrick’s Day At The Beach Or Anytime For That Matter

Monica McNamara — Wed, 10 Mar 2010 22:11:14 +0000

Whether you’re Irish or not… they’ll be sooo many fun things to do at the beach in Ocean City this weekend!

Here’s what you should do…no don’t dress up like a dog!!!!

Everyone is "a wearing of the green"!

*Head to 45th street around 11 am, parking will be tight, get there early
*Enjoy the music, parade and various sights at the festival (and there will be some sights to see)
*Grab a delicious cheese steak from Belly Busters (across the street from the festival – no cholesterol in that sub – St. Patrick has removed it for the day)
*Following the festival, head on down to Pepper’s Tavern on 16th street and the boardwalk. Pepper’s is in parade, so the joint will be jumping
*Hit up the famous Shenanigans on 4th street and the boardwalk, this weekend just so happens to be their opening weekend. Can you say green beer, green beer, green beer!
*Dinner at Pickles Pub on 8th street, corned beef and cabbage, so very appropriate for the day.

Some other popular spots…

*Kirby’s Pub on 94th Street
*The Greene Turtle North on 116th St.
*Seacrets on 49th typically has a large late night celebration (large is probably an understatement)
*Bull on the Beach on 94th

Remember West Ocean City!

*The Greene Turtle West off of Rt.611
*Harborside Bar and Grill
*Mickey Fins (which is where Gary Beach and the Marlin Moon Grill guys are now, remember my post from last weekend?)

Have a lot of fun and please DON’T DRINK AND DRIVE!

October Calendar of Events – Ocean City, Md.

Monica McNamara — Tue, 06 Oct 2009 17:10:05 +0000

October Calendar of Events – Ocean City, Md.

Ocean City Will Never Forget: 911 Firefighters Tribute

Monica McNamara — Wed, 30 Sep 2009 18:31:58 +0000