Maryland's Property Team

Step 5- Select 'The One'

10 Step Guide to Home Buying

  • Buyers tend to purchase on emotion and justify with facts
  • It is our team’s job to make sure you have the knowledge to make informed decisions when purchasing
  • 2nd showing appointments
  • Access to additional information so that you can make an informed decision
  • Market data of similar homes to establish value
  • Mandatory seller disclosures
  • Copy of report from Comprehensive Loss Underwriting Exchange
  • Homeowners association or condominium fees and inclusions
  • General age and condition of major structural & mechanical components
  • Schools
  • Great Schools
  • http://www.greatschools.org/
  • Anne Arundel County schools
  • https://www.aacps.org/
  • Crime Statistics
  • Anne Arundel County Police Department
  • http://www.aacounty.org/departments/police-department/
  • SpotCrime
  • https://spotcrime.com/
  • Family Watchdog
  • http://www.familywatchdog.us/
  • Demographics
  • https://www.marylandspropertyteam.com/micommunity/zip/
  • Please let us know any questions you have!
  • Loan Estimate
  • Needed down payment
  • Closing costs
  • Monthly payment
  • Principle
  • Interest
  • Taxes
  • Insurance
  • Utility costs
  • Community amenities
  • Water access
  • Beach
  • Boat launch
  • Piers
  • Pool
  • Golf
  • Common grounds
  • Walking trails
  • Tot lot
  • Basketball courts
  • Tennis courts
  • Homeowners association or condominium fees and inclusions
  • Water & sewer
  • Heating & cooling
  • Maintenance & Insurance
  • All-Inclusive
  • Drywall In
  • Exterior
  • Snow removal
  • Security
  • Storage
  • Private roads
  • Understanding what any potential offer would address
  • Contract states
  • Property is to be sold in as-is condition per the date of contract ratification
  • Personal belongings are not included in the sale
  • Property to be delivered free of trash & debris and broom clean at settlement
  • Seller is not obligated to change or fix anything unless negotiated in contract
  • Items contract does not address
  • Professional cleaning
  • Steam cleaning
  • Paint
  • Nails in walls
  • Picture hangers
  • Mounted TV’s
  • Fixtures that require tools to remove generally are considered included with the property
  • Items of question should be addressed in the contract as inclusions or exclusions
  • Inspections
  • Point of inspections is to discover unknown defects in property
  • Items not in proper working order
  • Should not be punch list or future renegotiation of the contract
  • Should not address cosmetics
  • Two most common types of property inspections
  • As-is inspections with buyer's right to terminate
  • Inspections with buyer's right to ask seller to consider repairs upon discovery of defects
  • Structural/Mechanical
  • http://www.homeinspector.org/Home-Inspection-Virtual-Tour
  • Mold
  • https://www.epa.gov/mold
  • Environmental
  • Radon
  • https://www.epa.gov/radon/consumers-guide-radon-reduction-how-fix-your-home
  • Chimney
  • Termite
  • Lead Paint
  • https://www.epa.gov/lead/protect-your-family-exposures-lead
  • Well
  • Yield
  • Bacteria
  • Chemical
  • Lead
  • Radium
  • Septic
  • Other
  • Ways to improve the property
  • Simple fixes
  • Remodeling costs
  • Cost vs. value report
  • http://www.remodeling.hw.net/cost-vs-value/
  • Feasibility studies
  • Things that may affect the use
  • Zoning
  • https://www.aacounty.org/departments/planning-and-zoning/
  • Easements
  • Conservation
  • Anne Arundel County permits & inspections
  • http://www.aacounty.org/departments/inspections-and-permits/
  • Any specific questions you have? Let us know and we will find the answer!


Next: Step 6- Negotiate the Purchase Agreement