Maryland contracts often include specific protection periods:
Obtain a letter from a lender licensed in Maryland to make your offer competitive in popular markets like Silver Spring or Annapolis. 2. Maryland Financial Assistance
A title company ensures there are no liens on the property.
Maryland law requires sellers to provide a Residential Property Disclosure and Disclaimer Statement detailing the property's condition or stating they make no representations.
The lender will order an appraisal to ensure the home's value matches the loan amount. 5. The Closing Process
Usually 1% to 3% of the purchase price, held in escrow by the title company or broker. 4. Contingencies & Inspections
Buyers typically have 7–14 days to conduct general, radon, or pest inspections.
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.
