Home Buying in Ocean City : Real Estate Advice

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Imad Elali, Real Estate Pro in Ocean City, MD
Imad Elali answered:
Ocean Front Investment Property for weekly rentals in Ocean City,MD
Dear RK,

Thank you for your interest. Would you please give me a call to discuss your specific needs, wants & likes Etc.

Take care,

Imad Elali, REALTOR
Long & Foster
410-250 ... more
0 votes Share Flag Fri Mar 22, 2013 Home Buying in Ocean City
Greg Myers, Real Estate Pro in Gaitherburg, MD
Greg Myers answered:
What affect if any will Hurricane Sandy have on property prices in OC?
When their selling season starts next March, likely no adverse effect.
0 votes Share Flag Fri Mar 22, 2013 Home Buying in Ocean City
Jack Walter, Real Estate Pro in Ocean City, MD
Jack Walter answered:
We are looking at a condo ocean front at Gateway Grand Ocean City? Have the prices it the bottom? Thank you
Prices are starting to turn aroud.
0 votes Share Flag Mon Oct 22, 2012 Home Buying in Ocean City
Dave Leiderm…,  in Ocean City, MD
Dave Leiderman answered:
Whispering Woods, Berlin, MD
Hello from Ocean City.

Condo fees in Whispering Woods are $2340 annually, or just shy of $200/month.

Your water bill is paid quarterly and depends on usage. I have a similar ... more
0 votes Share Flag Sun Feb 26, 2012 Home Buying in Ocean City
.,  in Ocean City, MD
. answered:
The Adagio has an indoor pool; Would an indoor pool make the Adagio a better value then the Mayfair beach?
Hi Joan,

If you are planning on generating rental income, the indoor pool may have a higher desirability for a tenant. On rainy days, and in off season times, the pool can still be ... more
0 votes Share Flag Mon Apr 11, 2011 Home Buying in Ocean City
Myrna Wright,  in Ocean City, MD
Myrna Wright answered:
Any advice on buying at the Mayfair Beach vs the Adagio.?
The Mayfair Beach is located in North Ocean City; has larger units than the Adagio that is more centrally located. The Mayfair Beach was built in 2005 while the Adagio was built in 200 ... more
0 votes Share Flag Mon Apr 11, 2011 Home Buying in Ocean City
Suzanna Wood…, Real Estate Pro in Springfield, VA
Suzanna Woodhead answered:
Looking for a property to purchase in the Ocean City area. Considering North Ocean City, West Ocean City and Ocean Pines....
I don't work that area but I would be happy to refer you an agent who knows that area and can help you find a place. Please email me at suzywoodhead@gmail.com and I can send you in ... more
0 votes Share Flag Mon May 9, 2011 Home Buying in Ocean City
Kevin & Moni…, Real Estate Pro in Ocean City, MD
Kevin & Monica McNamara answered:
How much net income can we expect from a multifamily property in Ocean City, Maryland?
Susan,

If the property you are considering has had a previous income stream, I would request to see what rental income it has generated in the past. That will be the best way to dete ... more
0 votes Share Flag Tue Feb 8, 2011 Home Buying in Ocean City
Jessica Hood…, Real Estate Pro in Gambrills, MD
Jessica Hood & Laura Roskelly answered:
Where would I find a listing for Expert Short Sale Realtors in my area?
Try a google search for the term short sale ocean city. You'll see several come up. Anyone who has taken a course (even an on-line course) can earn a designation that says they ... more
0 votes Share Flag Wed Jul 7, 2010 Home Buying in Ocean City
Adam & Harry…, Real Estate Pro in Bethany Beach, DE
Adam & Harry Roop answered:
what do the realtors think of the Rivendell?
Kevin is that you?

Beautiful sunsets, upscale features, great bay side location close to shopping and entertainment....prices have been reduced recently!

Its like the Gateway Gran ... more
0 votes Share Flag Wed Jul 7, 2010 Home Buying in Ocean City
Joy Snyder, Real Estate Pro in Ocean City, MD
Joy Snyder answered:
Is there a legal "cap" amount on what an owner can raise rent each year to a renter?
When you include the term "legal", as a Real Estate Broker I automatically indicate your question should be answered only by a Maryland Attorney. We are not in a rent-control ... more
0 votes Share Flag Sat Aug 22, 2009 Home Buying in Ocean City
Kevin & Moni…, Real Estate Pro in Ocean City, MD
Kevin & Monica McNamara answered:
OC Maryland: Are lenders doing an 'extend and pretend'.
Stacey,

I've been in Ocean City real estate for 25 years, and I honestly do not know what you mean by the expression "extend and pretend". If you would care to elaborate...I will be ... more
0 votes Share Flag Mon Jul 13, 2009 Home Buying in Ocean City
Michael Rayno, Real Estate Pro in Cape May, NJ
Michael Rayno answered:
Realistic goal for purchase?
Are you looking to purchase in Ocean city MD or Ocean City NJ?
If OCean city NJ I would be glad to help you, if Ocean City MD I'll be able to recommend a good agent.
Mike Rayno
800-8 ... more
0 votes Share Flag Tue Mar 3, 2009 Home Buying in Ocean City
voices member,  in 21117
voices member answered:
Any advice on buying at the gateway grand in ocean city md?
Hi Lisa,

Yes, it is an excellent time to buy in O.C. right now. It is off season and the market is down. The only true way we know if we hit bottom is when the market starts to go ... more
0 votes Share Flag Mon Jan 11, 2010 Home Buying in Ocean City
Kevin & Moni…, Real Estate Pro in Ocean City, MD
Kevin & Monica McNamara answered:
We are looking to buy a condo in Ocean City, MD. Will not pay 2005 prices. Want a foreclosure or short sale.
No worries. You will not pay 2005 prices. If a seller still expects that, shame on them. Real estate is a commodity (like stock or gold), you don't buy when a commodity is at its peak ... more
0 votes Share Flag Mon Jan 11, 2010 Home Buying in Ocean City
real estate…,  in Montgomery County, MD
real estate md va dc answered:
Can anyone recommend a good buyer's agent for Ocean City?
Chris Long at chris@chrislong.com, http://www.chrislong.com/, Phone: (888)881-7022 (410) 723-8720
0 votes Share Flag Sun Sep 21, 2008 Home Buying in Ocean City, MD
Kevin & Moni…, Real Estate Pro in Ocean City, MD
Kevin & Monica McNamara answered:
Anyone with foreclosures in Ocean City, MD that are Bank owned for $50,000 or less (IF POSSIBLE)Thanks!?
Dear Ed,

There are no bank owned properties listed in our Multiple Listing Service for $50,000 or less. If you would like to run your own property searches, you can go to our web sit ... more
0 votes Share Flag Sat Mar 19, 2011 Home Buying in Ocean City
Michael Klij…, Real Estate Pro in Nottingham, MD
Michael Klijanowicz answered:
Why do some condo listings show $0 for HOA?
Because HOA stands for "Home Owners Association" and a condo usually doesn't have a Home Owners Association fee. Instead a condo usually has a "Condo Association Fee."
0 votes Share Flag Wed Aug 27, 2008 Home Buying in Ocean City, MD
.,  in Ocean City, MD
. answered:
What should an investor be looking for/or aware of when chosing a managment co for their summer condo rental?
First let's talk about the difference between a management company and a rental company. A management company deals with the day to day operation of the building. Which includes cleanin ... more
0 votes Share Flag Wed Aug 27, 2008 Home Buying in Ocean City, MD
.,  in Ocean City, MD
. answered:
What are the closing costs for purchases in Ocean City, MD?
Keep in mind that closing costs can vary from state to state and individual areas within each state. I posted an article on my blog addressing closing costs in Ocean City Maryland. If y ... more
0 votes Share Flag Mon Aug 18, 2008 Home Buying in Ocean City, MD
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