The current lack of inventory in the coastal Delaware and Maryland real estate markets, coupled with high Buyer demand is leading to multiple offer situations within a couple of days on a majority of new real estate listings throughout the area.  Multiple offer situations are tricky to navigate and you have to be prepared.  I have successfully negotiated several contracts for clients in recent weeks that were in multiple offer situations, all of which had five to seven offers involved.  Taking the steps below will put you in a position to succeed. KNOW THE NUMBERS If you are goi ..read more

There is currently a considerable lack of inventory in the coastal Delaware and Maryland real estate markets, which is leading to multiple offer situations on most new homes and condos for sale.  Many of these offers are written over the listing price, which is necessary in most situations in order to succeed and get the deal. There are several ways to structure deals in multiple offer situations, but the most effective way is with an escalation clause.  An escalation clause is a way to automatically increase your offer in a multiple offer situation without paying more for ..read more

Home inspections are an important contingency in real estate contracts.  There are several different home inspection contingencies you can choose to include in your real estate contract, which you will find outlined below.   AS-IS WITHOUT INSPECTIONS Under this scenario you are purchasing the home or condo in its current condition without performing any type of property inspections.  Purchasing a property "As-Is" provides the least amount of protection and the highest risk for the Buyer, but is the most attractive scenario for the Seller.  Purchasing a property "As-Is ..read more

Getting the deal from contract to closing is where a real estate agent can provide a lot of value.  Coastal Maryland and Delaware real estate transactions involve a lot of information, people and steps to manage.  A good agent should have a plan in place to ensure you have a seamless transaction from start to finish and be able to handle any complexity that arises.  Below you will find an overview of the typical steps that are involved in most coastal Maryland and Delaware real estate transactions and how we manage them. RATIFIED CONTRACT Our transaction coordinators w ..read more