Bobenko Real Estate - Ocean City MD Real Estate and Lifestyle
Real Estate in Ocean City MD
I answer a lot of questions everyday about real estate in Ocean City MD. One of the common themes that always comes up is the process of renting property in Ocean City. Folks typically want to know how it works and and what type of income and carrying cost coverage they can expect. We recently wrote a post regarding the overall process of renting real estate in Ocean City MD. In this post I am going to outline rental income, costs … [Read more...]
We recently wrote a post on the process of getting a mortgage to purchase real estate in Ocean City MD. Listed below is the list of documents that mortgage lenders will be looking for to get the process started: Past 2 years tax returns Most recent 2 years W-2 statements Pay stubs for the most recent 30 day period 2 months most recent bank statements (all pages) 2 months most recent retirement account statements (if … [Read more...]
Every once in a while a special, unique property comes along and Unit #1500 in the Sea Watch fits that bill. One of the many highlights of this oceanfront real estate in Ocean City MD is the approximately 1000 sq. ft. wraparound balcony with 140' of ocean frontage. The views of the ocean, beach and vistas to the north and south are second to none and quite frankly can't be achieved in many other properties. This space offers a ton of … [Read more...]
A lot of things have changed in the real estate industry over the past few years. One of the biggest changes that we have seen is the mortgage process for buying real estate in Ocean City MD. Back in 2005 and 2006 if you could fog up a mirror you could essentially get a mortgage. This contributed to the artificial run up in Ocean City MD real estate prices and also led to a fair amount of the market instability that we are now coming … [Read more...]
There are currently 1167 properties listed for sale in Ocean City MD, representing a 20% decrease from where we were at this point last year. It is not unusual to see an increase in listings over the next couple of months as a majority of Sellers list their properties in anticipation of the upcoming season. We have seen the active listing prices for real estate in Ocean City MD come down a bit over the past few months. This is … [Read more...]
The annual Ocean City MD Boat Show is set for this coming weekend. This is one of my favorite events of the year and is a lot of fun regardless of whether or not you are in the market for a new watercraft. The Ocean City MD Boat Show is held both inside and outside at the Ocean City Convention Center with the following dates and hours: Friday Febuary 15th from 11 am to 7 pm Saturday February 16th from 10 am to 7 pm Sunday … [Read more...]
2013 is off to a good start for the Ocean City MD real estate market. Inventory continues to decrease, year over year sales volume and prices are up and there is a lot of activity in the market. Below you will find a breakdown and analysis of current Ocean City MD real estate market conditions. Here is our full Ocean City MD Real Estate Market Report. The Ocean City MD real estate inventory continues to decrease. We are … [Read more...]
Many people have started renting their real estate in Ocean City MD themselves. Sites like HomeAway.com and VRBO.com have streamlined this process and quite frankly have made it pretty easy. We have a lot of clients that rent their real estate in Ocean City MD this way and we have outlined the steps below. 1. List the property on HomeAway.com, VRBO.com or both. Upload as many photos as possible, detailed property … [Read more...]
Ocean City MD has a strong rental market during the late spring, summer and early fall seasons, which many people take advantage of. As a result of this some people buy Ocean City MD real estate purely as an investment, while others use this strong rental market to offset some of the costs associated with owning Ocean City MD real estate. If you are interested in renting your real estate in Ocean City MD there are a few ways to go about … [Read more...]
As Ocean City MD Realtors we are often asked ..."How much are closing costs and what do they cover?" Closing costs are the charges and fees above and beyond the purchase price that are necessary to buy a piece of real estate in Ocean City MD. The actual amount of closing costs for purchases of real estate in Ocean City MD will vary depending on the purchase price, property type and overall terms of the deal, however there are some common … [Read more...]