Ocean Pines Maryland Properties

Maryland State Department of Assessment and Taxation (SDAT) for Worcester County Reports 15% Decrease In Property Values

The Maryland Coast Dispatch had an article Friday reporting another decline in the taxable value of Ocean City Maryland property values:

“According to Robert Smith, director of the State Department of Assessment and Taxation (SDAT) for Worcester County, most residential property owners in Ocean City will see their values decline by an average of [...]

Ocean City Today Reports That “Established Businesses, Service Providers Moved West In The Last 10 Years, Because Of Lower Taxes And Less Expensive Land

Ocean City Today is reporting what many have noticed with concern along Coastal Highway in Ocean City- business have left and are leaving:

“A long Coastal Highway empty shops, malls and signs reading “restaurant for rent” reflect a decline of retailers in Ocean City. At the same time, West Ocean City has become the [...]

Ocean City’s Maryland Coast Dispatch Reports An Alleged Probe Sparking Condo Management Concerns

Ocean City’s Maryland Coast Dispatch reported yesterday that federal and local authorities may be investigating alleged improprieties in the management of Ocean City Maryland area condominium projects:

“An ongoing local and possible federal investigation… for various resort area condominium associations…”

The Dispatch article raises the following question for those currently owning an Ocean City Maryland [...]

Property Values Drop 14.9 Percent In Southern End Of Worcester County

This may not be the best news to start off with for the new year, but it is big news, and it is a confirmation 0f market trends for Worcester County Maryland real estate. For prospective buyers of real estate in the southern end of Worcester County, it is certainly a positive. Ocean City Today [...]

The Psychology of Real Estate: Welcome, Out-of-Towners!

Yahoo Finance has an interesting article on buyer and seller attitudes when buying and selling real estate. Looks like it is genuine, based on real research. Of particular interest to buyers of Ocean City Maryland properties, was this quote:

“Welcome, Out-of-Towners!

Out-of-state buyers tend to pay more than locals for properties of equal [...]

Inviting Attorneys Into The Homebuying Process

The Baltimore Sun had a good interview today with Diane Cipollone, Maryland Mortgage Fraud Prevention Project manager of the nonprofit law firm Civil Justice Inc. Ms. Cippolone has routinely worked with homeowners in danger of foreclosure and has a novel idea: many home owners and borrowers could have avoided trouble by consulting with an [...]

Federal flood program set to expire at start of hurricane season

The Baltimore Sun is reporting that unless Congress extends it, the National Flood Insurance Program will expire May 31 — the day before hurricane season starts:

“If you are in the market for flood insurance or might need a policy soon to qualify for a mortgage, don’t wait to buy it.

Existing policies [...]

Ocean City Maryland REOs Spark Concerns With Market Recovery

The Maryland Coast Dispatch had an interesting article this Friday about the impact of, what might be, a potential tsunami of Ocean City Maryland resort condominium and home foreclosures and REOs in the future:

“Locally however, Worcester County is below both the state and national average for foreclosure properties, but, according to Robert Smith, [...]

Worcester County Maryland Expecting $10M Less In Property Tax Revenue

The Maryland Coast Dispatch had an article yesterday on the effects of the popping of the housing bubble on Worcester County Maryland property tax assessment values and tax revenues:

“Worcester County can expect $10.4 million less in property tax revenue in the next fiscal year compared to the current, according to recent land reassessment [...]

50 Tools Worth Considering to Research Your New Ocean City Maryland Home, Neighborhood, and Community

I’ve often thought that many homebuyers seem way too comfortable with way too little due diligence prior to making an offer on a property. I recently came across this article which addresses some of the other considerations Ocean City Maryland area home buyers should concern themselves with:

“Before you move, take a few minutes [...]

HomeBuyerPower®

Recent Posts

Archives

Categories