There is currently a considerable lack of inventory in the real estate markets of Ocean City and the surrounding areas, which is leading to multiple offer situations on most new homes and condos listed for sale. Many of these offers ...
Posted by Nicholas Bobenko on February 18, 2021 in Buying Real Estate
Choosing a Realtor
There are literally hundreds of Realtors serving the Ocean City real estate market. You owe it to yourself to do your due diligence before choosing an Ocean City Realtor to assist you. The agent you choose to work with will have an ...
Posted by Nicholas Bobenko on February 20, 2019 in Selling Real Estate
Contract and Escrow Phase
You made an offer to purchase real estate in Ocean City or the surrounding areas, the Seller accepted your offer and now you are under contract … what is next? Below is an overview of what you can expect as a Buyer as you work the ...
Posted by Nicholas Bobenko on January 16, 2019 in Buying Real Estate
Once people find a property they want to purchase the next question is "How long will the process take?" The time it will take to get the property you are purchasing from accepted contract to closing will depend on a few factors, which I have ...
Posted by Nicholas Bobenko on November 16, 2017 in Buying Real Estate
Fast Paced Market
We are currently in a fast paced real estate market in Ocean City. Good inventory is low and well priced properties that are in good condition are selling withing a few days of hitting the market. If you are currently in the market to ...
Posted by Nicholas Bobenko on May 23, 2017 in Buying Real Estate
As you have been searching online for Ocean City real estate you have probably noticed the condominium fees that are noted on each listing. A majority of the Ocean City condos for sale have monthly condominium fees associated with them and there ...
Posted by Nicholas Bobenko on February 8, 2017 in Buying Real Estate
When you sell real estate in Ocean City and are not a resident of the state of Maryland you need to be aware of the non-resident withholding tax. In 2003 the State of MD enacted code that provided for income tax withholding on the sale of real ...
Posted by Nicholas Bobenko on February 7, 2017 in Selling Real Estate
Closing Costs - Buyers
One of the questions I am asked the most is ... How much are the closing costs and what do they cover? Closing costs are the charges and fees that are involved when buying real estate in Ocean City. Closing cost amounts will vary depending ...
Posted by Nicholas Bobenko on February 6, 2017 in Buying Real Estate
The search for Ocean City real estate can get a bit overwhelming with all the different property types and locations to choose from. To assist with this I thought it would be helpful to provide a list of the primary property features you should ...
Posted by Nicholas Bobenko on February 4, 2017 in Buying Real Estate
The Rental Process
Ocean City has a strong rental market during the late spring, summer and early fall seasons that many property owners take advantage of. Some people buy Ocean City real estate purely as a rental investment. Others rent their properties ...
Posted by Nicholas Bobenko on February 2, 2017 in Buying Real Estate
In order to successfully sell Ocean City real estate in today's market you must have a well thought out and researched pricing strategy. There is a lot of competition in the market and Buyers are more informed than ever. Properties that ...
Posted by Nicholas Bobenko on January 27, 2017 in Selling Real Estate
Ocean City Mortgages
A lot of things have changed in the real estate industry over the past few years and one of the biggest changes we have seen is the process for obtaining a mortgage to purchase real estate in Ocean City. Back in 2005 and 2006 if you could "fog up a ...
Posted by Nicholas Bobenko on January 24, 2017 in Buying Real Estate
Closing Costs - Sellers
In the discussion of selling real estate in Ocean City with my clients I am often asked what closing costs will be involved and how much they are. Closing costs are going to vary from deal to deal, however there are some common similarities that I ...
Posted by Nicholas Bobenko on January 11, 2017 in Selling Real Estate
Rental Cost Coverage
One of the things I am asked about most frequently as a Realtor in Ocean City is the process of renting out real estate in Ocean City. Folks typically want to know how it works and and what type of income and carrying cost coverage they can expect. ...
Posted by Nicholas Bobenko on January 11, 2017 in Buying Real Estate
As a Realtor in Ocean City I am often asked about property insurance and thought it would be helpful to put together an article outlining the basics. Insurance requirements will vary and the cost, type and amount of coverage you will ...
Posted by Nicholas Bobenko on January 2, 2017 in Buying Real Estate