On February 3rd, 2025 the Ocean City Mayor and Town Council approved new regulations on short-term rentals in R-1 single family residential districts and MH mobile home residential districts. These zoning districts are comprised largely of single-family detached homes and mobile homes in communities such as Little Salisbury, Montego Bay, [...]
When the Ocean City real estate market or a particular property sale within it become highly competitive, buyers often look for ways to make their purchase offers stand out. One popular and effective way to do this is by utilizing escalation clauses. Escalation clauses make a buyer's offer more attractive by automatically increasing their [...]
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Closing costs are the fees and charges associated with purchasing real estate in Ocean City and the surrounding areas, which are in addition to the purchase price. Closing costs will vary from real estate sale to real estate sale depending on the property type, purchase price and the overall structure of the real estate deal that was negotiated. Understanding closing costs upfront will help you budget and account for them effectively throughout the home buying process.
Below is an overview of the Ocean City real estate market that summarizes all of the key market indicators. The overview will provide valuable insight as to how the market is performing overall and can be helpful in determining the right time to buy or sell. If you have any questions or would like to discuss the Ocean City real estate market in greater detail, feel free to contact me directly anytime at 443-614-9179 or via email below.
There is a lot to consider and account for when analyzing offers as the Seller of real estate in Ocean City, Maryland and the surrounding areas. While price is typically the most important factor, there are several other important factors to consider. Contract contingencies, closing costs, contract timeframes and Buyer qualifications will [...]
This bi-montly report provides an overview of all of the key indicators for the Ocean City, Maryland real estate market. This report will advise you on how the market is performing overall and can aid in determining the right time to buy or sell. If you have any questions or would like to discuss the Ocean City real estate market in greater detail, feel free to contact me directly anytime at 443-614-9179.
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Buying or selling a home is one of the largest financial transactions that you will ever go through. The Realtor you choose to work with will have a considerable impact on this transaction and the overall process. You deserve to have an experienced, knowledgable advisor by your side to help you navigate through this process. When choosing [...]
Setting the listing price for your property is one of the most important steps in the listing process. If you set the price too high you will have limited showing activity and your home will sit on the market. If you price the property too low you could be leaving thousands of dollars on the table. A well priced home will generate competitive offers and sell within a reasonable amount of time for the highest price possible.
I am frequently asked whether it is a Buyer's market or Seller's market and what the demarcation line is for real estate in Ocean City, Maryland and the surrounding coastal communities. In this article I will explain Buyer's markets, Seller's markets, how they are established and what you can expect in each one.
There are currently 187 homes, townhomes and condos for sale in Ocean City, MD, which represents a 47% increase in inventory over 2022.
The average active listing price in Ocean City is $721,000 and the median listing price is $535,000. The median listing price for the year in Ocean City is $529,000, [...]
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