The Jamil Brothers Blog

How Do You Sell Your Home During a Divorce in Maryland and Protect Your Equity?

Quick Answer: To sell your home during a Maryland divorce and protect your equity, list under one neutral agent with a written court stipulation, price to the market with a comparative market analysis, hold net proceeds in escrow until the settlement agreement directs the split, and keep commission

What Must You Legally Disclose When Selling a Home in Maryland?

Quick Answer: Maryland law (Real Property Code § 10-702) requires most sellers of single-family residential property to either complete a Residential Property Disclosure Statement (affirmatively disclosing the condition of specific systems) or a Residential Property Disclaimer Statement (selling "as

Do You Pay Capital Gains Tax Selling a Home in Maryland?

Quick Answer: Maryland taxes home sale capital gains as ordinary income, roughly 2.25% to 5.75% at the state level, plus a local county surcharge of up to 3.2%. Most primary-residence sellers pay nothing because the federal exclusion shields up to $250,000 of gain for single filers and $500,000 for

How Did the NAR Settlement Change Things for Maryland Home Sellers?

Quick Answer: The NAR settlement changed how buyer-agent compensation is negotiated and disclosed in Maryland. Sellers no longer publish a buyer-agent commission offer on Bright MLS, every buyer signs a written representation agreement before touring a home, and listing commissions are now openly ne