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“Nationals October 2019

Suggestions for buyers in the Maryland real estate market

| July 08, 2019, 03:10 PM

Photo: Pexels

The state of Maryland has been touted as one of the best states to live in. In fact, U.S. News and World Report has ranked the state high up in terms of healthcare and job availability. And this year, we saw Maryland among the country’s best states to live in.

And that’s saying nothing about our place in history, our varied landscape, and even our cuisine. Maryland is considered progressive as well, which should explain why many people are flocking to this Mid-Atlantic enclave.

Then again, people who are moving in will have to get a good sense of what the Maryland real estate market is like. So, whether you’re looking to acquire an investment property or settle in for good with your family, it’s important to know a great deal about what to expect from the local market.

Learn about home buying laws

If you’re looking to buy an existing property in Annapolis or Baltimore, you will have to understand what Maryland has to say about the home buying process itself. Much like any other state, Maryland is governed by the exact same laws that regulate the market, the only difference being that there’s a body that oversees the implementation of such laws.

The Maryland Real Estate Commission is tasked with ensuring that local real estate laws are enforced, especially when it comes to licensing realtors and coming up with activities that promote the health and wellness of people living in the state. Once you know about the MREC’s functions, you won’t have to worry about what you need to do to start buying.

Get the right realtor for your needs

Currently, there are about 40,000 active realtors in the state alone. You just have to choose the one who could best represent your needs.

Many might find it daunting to find someone you can really trust. Although you can always look for flyers and other advertising material, it’s still best that you get information from people who have actually worked with a Maryland realtor before. This is much better than relying on your gut instinct to vouch for a real estate professional’s capacity for service.

When building a new home, do your research

Home construction in Annapolis and other areas across the state are on an uptick as more and more people flock to the state in a bid to settle permanently. This comes as home values continue to soar.

That said, it’s only proper to find the right local custom home builders for your needs. For this, you might want to try out with offices in Annapolis, which provides intuitive designs that are energy efficient and durable.

If you’re thinking of visiting Maryland and staying there for good, keep these tips in mind and you’ll be sure to settle in without much hassle!

Severn Bank

Category: Local News, NEWS

About the Author - Stephanie Maris

Stefanie is a local blogger and social media content marketer from Maryland and most recently a wife and a mother. She has an unhealthy obsession with puns, sarcasm and caffeinated beverages.

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