Seller Information

People typically have a lot of questions as they consider selling real estate in Ocean City and the surrounding areas.  As a result of this I thought it would be helpful to address some of the questions that I am frequently asked.  Below are detailed articles outlining and explaining the various steps involved in selling real estate in Ocean City MD and the surrounding areas.  If you have a specific question and can not find what you are looking for feel free to contact me and I would be glad to assist.  I can also be reached directly anytime at 443-614-9179.

There are currently 10 blog entries related to this category.

 

Active Listing Volume

There are currently 864 homes, town homes and condos for sale in Ocean City, MD.  This represents a 9% decrease in inventory from 2015.

 

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $356,000 and the median listing price is $290,000.  The average listing price for the year in Ocean City is $343,000, which is down slightly from 2015.

 

Sold Listing Volume

71 Ocean City real estate listings sold during November bringing the total number of sold listings for the year to 1026, which represents a 6% increase in market activity over 2015.

 

Sold Listing Prices

The average sold price for real estate in Ocean City during November was $252,000 and the

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The Multiple Listing Service (MLS) is the primary database that is used by Ocean City real estate agents to research property information when assisting their clients.  Information on all properties that are listed for sale by real estate agents in the Ocean City area can be found in the Multiple Listing Service.  When a real estate agent is working with a Buyer client they will use the MLS to find properties that match their client's specifications and schedule appointments to view them.  Once a property is listed in the MLS a cooperation agreement is created that offers compensation to the Buyer's agent per the terms of the property's listing agreement.

The MLS is also the primary data feed for listing information on a majority of public real

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I get a lot of questions from prospective selling clients about the costs associated with selling their real estate in Ocean City and the surrounding areas. Seller's closing costs will vary from deal to deal depending on the sales price, overall terms of the contract and the real estate agent you choose.  There are some common similarities that you will find outlined below. If you have any other questions about selling real estate in Ocean City MD or want to discuss this in greater detail feel free to contact me directly anytime at 443-614-9179.

Property Transfer and Recordation Charges

The state and local municipalities charge transfer taxes and recordation charges on all of the property sales that occur in the state of Maryland. In the Ocean

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Active Listings

There are currently 885 homes, town homes and condos for sale in Ocean City, MD, which is a 19% decrease from 2015.

 

Active Listing Prices

The average price of active real estate listings in Ocean City is $341,000 and the median listing price is $285,000.  The average listing price for the year in Ocean City is $340,000, which is down slightly from 2015.

 

Sold Listing Volume

131 Ocean City properties went to settlement during May bringing the total number of closed real estate listings for the year in Ocean City to 441, which represents a 6% increase in market activity over 2015.

 

Sold Listing Prices

The average sold price of Ocean City real estate listings that closed during May was $289,000 and the

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Active Listing Volume

There are currently 879 homes, town homes and condos for sale in Ocean City, which is down by 13% from 2015.

 

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $337,000 and the median listing price is $280,000, both of which are down slightly from 2015.

 

Sold Listing Volume

57 Ocean City properties went to settlement during January, which was a slight increase over 2015.

 

Sold Listing Prices

The average sold price of Ocean City properties that went to settlement during January was $277,000 and the median sold listing price was $227,000, both of which were unchanged from 2015.

 

Average Sold Price per Square Foot

The average

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Ocean City Real Estate - Active Listing Volume

There are currently 1095 homes, town homes and condos for sale in Ocean City, which represents a slight decrease from 2014.

 

 

Ocean City Real Estate - Active Listing Prices

The average price of active real estate listings in Ocean City during March was $350,000 and the median listing price was $289,000.  This brought the average real estate listing price for the year in Ocean City to $343,000, which is virtually unchanged from 2014.

 

Ocean City Real Estate - Sold Listing Volume

77 Ocean City properties went to settlement during March bringing the total for the year to 189, which is a 16% increase in activity over 2014.

 

Ocean City Real Estate - Sold Listing

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We get a lot of questions regarding who represents who in any given Ocean City real estate transaction.  We thought it would be helpful to put together a few articles outlining the various scenarios that can occur and this article will look at these scenarios from the Sellers perspective.  This is somewhat challenging subject matter to write about and I will give it my best shot, however feel free to contact me directly should you have any questions or have a specific situation you want to discuss.

Before we get into the details of these various scenarios lets first look at the basic rights and responsibilities you should be afforded regardless of your role in a real estate transaction as prescribed by the Maryland Real Estate Commission:

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Ocean City Active Listing Volume

There are currently 1105 properties for sale on the Ocean City MD real estate market, which is down by 2% from last month and up by 10% over October of last year.

 

 

Ocean City Active Listing Prices

The average listing price in Ocean City is currently $350,000 and the median price is $288,000.  This brought the average listing price for the year to $346,000, which is virtually unchanged from the 2013 average listing price through this point of $349,000.

 

Ocean City Sold Listing Volume

95 homes and condos for sale in Ocean City MD went to settlement during October, representing an 8% increase in activity over October of last year.  For the year a total of 840 Ocean City properties have gone

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Once we receive a satisfactory offer on your property we will then move into the contract phase, also known as the escrow phase.  During the escrow phase we will take care of all of the tasks required to get us to settlement which include property inspections, the mortgage process, title review, deed preparation, condo or home owner association reviews, utility transfers and more.  As experienced Realtors this is where we earn our money so to speak.  Any real estate agent can secure an offer on a property that is in good condition and priced well.  Only good and experienced Realtors can address and handle the situations that arise in today's real estate market that have the potential to cause a good deal to fall apart and keep it from going to

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There is a lot of money on the line for everyone involved as you consider selling real estate in Ocean City MD and the surrounding areas.  As a result of this you deserve a level of professionalism and experience that is unfortunately largely lacking in the Ocean City MD real estate market.  Selling real estate isn't rocket science, however there is a process that should be followed in order to ultimately get your property sold for the highest price possible in the shortest amount of time.  There are several factors that go into successfully selling real estate in Ocean City MD, Ocean Pines, West Ocean City, Bishopville or Berlin, however the three most important factors are:

  • The property's condition, location, upgrades, views, amenities, etc.
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