You can buy a home in whatever state you want (if you are not a US Citizen though there could be limitations). I would though keep in mind how you are going to handle expenses on that home since you will not be there all the time, it would be prudent to have someone local prepared to check on the property and you may want a manager involved to handle issues if you decide to rent it.... more
Active Contingent does not exist in Maryland. There is Contingent with Kick-Out, Contingent without Kick-Out and Contract. Those are the status options. If you are interested in searching online, there are some more dependable sites that I could recommend, if you don't already have an agent.... more
As a First Time Home Buyer in Maryland the law provides that the rate of the State transfer tax is reduced from 0.50% to 0.25% of the consideration payable for the instrument in writing and shall be paid entirely by the seller. All other transfer taxes are negotiable. New home sales have dropped since the end of the Home Buyer Tax Credit. You are now in position to get a price reduction on the home of your dreams, but you need a REALTOR who knows the area and is a strong negotiator.
I have lived in the Perry Hall/Nottingham area most of my life. I am an Accredited Buyer Representative and would love to lead you through the process of buying you new home.
No matter what you decide, good luck!
Dottie Cordwell, Broker
Advance Realty Professionals, Inc.... more