The short answer is no, you do not have to pay a commission when you're selling your house. There are other considerations to consider though.

Begin by assessing your home’s market value, usually through a comparative market analysis by a real estate agent. Then, prepare your home for listing by making any necessary repairs or improvements to increase its appeal. Consult a local real estate agent to guide you through the listing and selling process.

I can help...call Rich at 443-995-9595.

While you can sell your home independently (For Sale By Owner or FSBO), hiring an agent can be beneficial. A knowledgeable real estate agent can help price your home, market it effectively, negotiate with buyers, and ensure compliance with Maryland’s real estate laws. 

Selling a home in 2024 contains risks. The easiest way to mitigate that risk to you is to hire a real estate agent to list and market your home.

Interesting note...the owner of the For Sale by Owner website hired a real estate agent to sell his home.

The timeline varies based on market conditions, your home’s location, and how well it’s priced. On average, it can take 30 to 60 days from listing to accepting an offer, with additional time for closing, typically 30 to 45 days after the contract is signed.

Since everything in real estate is local, your real estate agent can get you specific data about your location that you can use when making this important decision.

I can help...Rich Iarossi, 443-995-9595.

Expect to pay closing costs, real estate agent commissions (usually 5-6% of the sale price), prorated property taxes, any outstanding mortgage balance, and possible repairs. Additional fees may include transfer taxes, title insurance, and settlement fees.

Full transparency...you do not have to pay any commission to either the listing company, or the buyer's agent. I would highly recommend talking to your agent about the downside of not allowing proper compensation.

I can help...Rich Iarossi, 443-995-9595.

Maryland law requires sellers to disclose any known property defects that could affect its value or safety, such as water damage, structural issues, or lead paint hazards. Sellers can also choose to complete a disclaimer, indicating they make no representations regarding the property’s condition except that you still have to state whether you are aware of any latent defects.

If your buyer qualifies as a first-time homebuyer, they may be exempt from paying a portion of the State transfer tax at closing. Sellers may be required to cover half of this tax in these cases. If they are a 1st time homebuyer, you as the seller will not be paying additional, the State just waives a small portion for them.

I can help...Rich Iarossi, 443-995-9595.

Clean and declutter each room, address any needed repairs, consider repainting or staging, and ensure the landscaping is attractive. Well-prepared homes often sell faster and for higher prices.

The spring and summer months (April to August) typically see the highest activity in the Maryland real estate market. However, you can sell successfully in any season with the right strategy.

No, you can remain in your home until closing. However, moving out before listing can make it easier to show your home. If you remain, keep the home clean and ready for showings.

Buyers usually request an inspection after they’ve made an offer. Inspectors will examine the property for issues like structural problems, HVAC, electrical, and plumbing issues. Be prepared for repair requests from the buyer or potential negotiation on the sale price.

Your agent will present any offers, along with advice on countering, accepting, or declining. In Maryland’s competitive market, you may receive multiple offers. Negotiating may include price, closing dates, and contingencies like financing or inspection waivers.

After an offer is accepted, closing typically takes 30-45 days. This period allows time for inspections, appraisals, mortgage approval, and final preparations. Your real estate agent and title company will guide you through the closing requirements.

Essential documents include the original sale contract, title documents, mortgage payoff information, property survey, disclosure forms, and tax records. Your real estate agent or title company will ensure all necessary documents are prepared for closing.

If your home has increased in value, you may be subject to capital gains tax. However, homeowners may qualify for exclusions (up to $250,000 for individuals and $500,000 for married couples) if the property was your primary residence for at least two of the last five years. Consult a tax professional for specific advice.

Yes, but if the sale price doesn’t cover your remaining mortgage balance, it may require a short sale, which involves negotiating with your lender. Consult a real estate agent experienced in short sales if you’re in this situation.

If the appraisal is lower than the agreed price, you may need to renegotiate with the buyer. Options include reducing the price, having the buyer bring more cash to closing, or contesting the appraisal if you believe it’s inaccurate.

Staging is not required, but it can help make your home more appealing to buyers and potentially increase your sale price. A well-staged home can help buyers visualize the property as their own.

The title company ensures a clear title to the property, handles closing paperwork, and facilitates the transfer of funds. They confirm that no liens or title issues exist that would prevent a clean transfer to the buyer.

Once you accept an offer, canceling the sale could have legal and financial repercussions. Review your contract for specific conditions and speak with a real estate attorney if you’re considering canceling after accepting an offer.