Home Buying Process In - Maryland

If buying a condo or a home in a Homeowners Association (HOA), you have a 5-day right (condo) or 7-day right (HOA) to review the resale package and cancel the contract without penalty.

If you are a in Maryland, you may be exempt from the state’s portion of the transfer tax (0.25% of the purchase price), though local county taxes still apply. To help you move forward, could you tell me: Is this your first home purchase in Maryland? Which county or city are you targeting? Insightful Construction Review: Pre-Drywall Inspection home buying process in maryland

Buyers typically have 7–14 days to conduct general, radon, or pest inspections. If buying a condo or a home in

These vary by county. For example, Montgomery County has different rates than Baltimore City. Which county or city are you targeting

Maryland lenders typically look for a 620+ score for standard programs.