Lead Disclosure

If you are selling a home that was constructed prior to 1978, both a federal and a state lead disclosure are required.

These forms will be presented to the buyer via a disclosure packet.

Both the listing agent and the selling agent will need to sign the disclosure.

The buyer must also be provided with a pamphlet.

The publication is available in both English and Spanish.

https://www.epa.gov/sites/production/files/2014-02/documents/lead_in_your_home_brochure_land_b_w_508_easy_print_0.pdf

Agency Disclosure

Maryland law requires agents to define their role in Real Estate transactions.

At your first fact to face meeting, an agent is required to provide you, “The Understanding Whom Agents Represent,” disclosure. If you have signed a listing agreement or buyer agency agreement, this form is not required.

If you attend an open house, the agent on duty represents the owner of the home and is bound to disclose. The Maryland Real Estate Commission has created a form to fulfill this requirement. It does not require signature but must be openly and conspicuously displayed.

If you schedule a private showing to see a house for rent or sale, this form must be provided to you.

If an agent presents you with this disclosure, don’t be alarmed. They are doing their job.

See the links below for what to expect:

https://www.dllr.state.md.us/forms/mrecopenhouse.pdf https://www.dllr.state.md.us/forms/mrecrearep.pdf

Maryland Mortgage Program

If you are thinking about buying a home, Maryland offers a number of programs and options to help finance your purchase.

Whatever your circumstance, down payment challenges, closing cost assistance, student debt, a variety of loans and resources exist to get you to the closing table. 0% interest loans, up to $5000, or grant assistance, can be you achieve your goal.

Even if you have previously owned a home, you can qualify for first time programs after 5 years.

Click the link below for more information.

Maryland Mortgage Program

Free Credit Report

Whether buying, renting, or refinancing, one factor holds true, your credit history is king. and will impact the programs and interest rates available to you. The Fair Credit Reporting Act offers consumers free access to your credit report through each of the credit bureaus once a year. Annual credit report is one resource you can use to access these reports. Credit scores are available for an additional fee. If you discover any discrepancies on your report, you can file a dispute. Creditors are required to remove inaccurate information and respond to your inquiry within 30 days. Click the link above to access your report.