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From the Bay to the Beach and Everything in between is my motto, so call me for updates on Ocean City, West Ocean City and the surrounding areas.
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Linda A. Moran is one of The Top
Selling Real Estate Experts™
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Get Free Ocean City and Ocean Pines School Reports From a Local Expert, Quickly by Email
Everyone offers free school reports. Me too! Plus I offer more. As a top Ocean City and Ocean Pines Realtor, I can tell you things about the schools that no report generated by a computer will ever know. Remember, I consult with people moving to the Ocean City and Ocean Pines, Maryland area on a daily basis. It's my job to know, and my job to tell you. Call me for a first-hand experience of the local schools. Or fill out this form to send me a message right now. It's free and without obligation. I'll get back to you immediately with a phone call, a free report, or a brochure from a local school...
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First Time Buyers >The Seller May Pay
The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.
Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.
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| Q |
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
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| A |
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
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