1. What is the first step in buying a home in Maryland?

The first step is to get pre-approved for a mortgage. This gives you a clear idea of your budget and makes your offer more attractive to sellers. We can connect you with trusted lenders who can guide you through the pre-approval process. I think the first step is connecting with a realtor who you can trust to guide you properly and successfully through the home buying process.  It's true that this is one of the first steps, but I would want clients to contact me first before finding a lender on their own... Our team offers free buyer consults.  

2. What are closing costs, and how much should I expect to pay?

Closing costs in Maryland typically range from 2% to 5% of the home's purchase price. These costs include lender fees, title insurance, transfer taxes, and other expenses. In those unique cirmustances where a Buyer has to pay their agent's commission, the percentages could be higher.  We can provide you with an estimate of what your closing costs will be based on the property you’re interested in.

3. Should I get a home inspection before buying?

Yes, a home inspection is highly recommended for buyers in Maryland. It helps identify any potential issues with the property before you close the deal. This allows you to negotiate repairs or price adjustments if necessary, or back out of the contract without repercussions based on your specific contract terms. Our expert real estate agents will advise you on when we should do an inspection and at times this may not be negotiable.

5. What are property taxes like in Maryland?

Property tax rates in Maryland can vary by county, with some areas like Montgomery County having higher rates, while others are more affordable. We can help you understand the property tax rates for the specific areas you're interested in.  

6. What is an earnest money deposit, and how much should I put down?

An earnest money deposit is a good-faith payment made to show the seller you're serious about purchasing the home. In Maryland, it's typically 1% to 3% of the purchase price. If the deal goes through, the deposit is applied to your down payment or closing costs. If not, the terms of the contract will determine if the deposit is refunded.