Lauren Bunting Associate Broker MD & DE

Lauren's Blog

Tips for Hosting an Open House

Thursday, July 28, 2022 Lauren Bunting

A well-planned open house allows potential buyers to picture how life in this home would be, and in the summer, people tend to be more relaxed; it’s the time of vacations and lazy days. So making ...

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June 2022 Home Sales Update

Friday, July 22, 2022 Lauren Bunting

Maryland REALTORS® released information on statewide June home sales. Their release states that home sales continued to slow down as prices continued to rise, according to ...

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Appraisal Gaps

Thursday, June 16, 2022 Lauren Bunting

Appraisals in a sellers’ market can be troublesome, and transactions can fall apart when appraisals come up short—creating an appraisal gap. An appraisal gap is the difference between market ...

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2022 Update from the Maryland State Legislature (Part 2)

Thursday, June 02, 2022 Lauren Bunting

In 2022, the Maryland State Legislature convened on January 12th and adjourned on April 11th. Maryland REALTORS® issues a report each year on the Maryland Legislative session to summarize ...

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2022 Update from the Maryland State Legislature

Thursday, May 26, 2022 Lauren Bunting

In 2022, the Maryland State Legislature convened on January 12th and adjourned on April 11th. Maryland REALTORS® issues a report each year on the Maryland Legislative session ...

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What Is A Title Search?

Friday, May 13, 2022 Lauren Bunting

One of the important steps during a real estate purchase is conducting a title search. The title search is just one of the buyer’s closing cost expenses and is usually ordered ...

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The Fair Housing Act Explained

Thursday, May 05, 2022 Lauren Bunting

The month of April this year celebrated the 54th anniversary of the Fair Housing Act, the landmark civil rights law signed by President Lyndon B. Johnson on April 11, 1968, that made discrimination ...

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Maryland Mortgage Program Announces Two New Loan Products

Thursday, April 28, 2022 Lauren Bunting

The Maryland Department of Housing and Community Development’s Maryland Mortgage Program announced the launch of two new loan products to provide higher levels of down payment and closing cost assistance. ...

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Interest Rates Are On The Rise

Thursday, April 21, 2022 Lauren Bunting

The shift in interest rates is in motion. According to Forbes.com, mortgage rates have jumped 1.5 percentage points during the first three months of this year. They further communicated that ...

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3 Tips To Pay Off Your Mortgage Faster

Thursday, March 31, 2022 Lauren Bunting

You know the old tune by Tennessee Ernie Ford: You load sixteen tons, what do you get; Another day older and deeper in debt; Saint Peter don't you call me 'cause I can't go; I owe my soul ...

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Equitable Interest

Thursday, March 17, 2022 Lauren Bunting

What is equitable interest? An equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder ...

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Three Helpful Hints to Save on Homeowners Insurance

Thursday, March 03, 2022 Lauren Bunting

Homeowner’s insurance is a necessity if your home is mortgaged, and this type of insurance covers the structure of your home and your personal property, as well as your personal legal responsibility (or ...

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Doc Lite Loan Program: A Local Loan Solution for Investors

Thursday, February 24, 2022 Lauren Bunting

It’s a hot real estate market right now, but we all remember the real estate “crash era” that began in 2008. That real estate downturn brought about many changes in financing and how loans are approved. ...

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Manage Your Moving Costs

Thursday, February 17, 2022 Lauren Bunting

With inflation and national average costs of moving on the rise, budgeting in this expense when selling your home is important. Below are some tips for having a smooth move when selling.Try to pick an ...

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Industry Experts Take on the Market

Thursday, February 03, 2022 Lauren Bunting

The number one question most real estate agents are asked right now is "What is the market doing?". The best way to answer that question is to watch the market statistics and listen to the various industry ...

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What To Expect In 2022

Thursday, January 13, 2022 Lauren Bunting

According to a recent article released by the National Association of Realtors, consumers can expect slower housing price appreciation, easing inflation and rising interest rates in 2022. This statement ...

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2021 Market Recap

Thursday, January 06, 2022 Lauren Bunting

2021 was another banner year in real estate that ended very strong—here’s an “at a glance” recap of some of the various market stats.The average sales prices varied monthly throughout the year, but September ...

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The National Flood Insurance Program’s New Rating Methodology

Thursday, December 23, 2021 Lauren Bunting

The National Flood Insurance Program’s (NFIP) has a new rating methodology, Risk Rating 2.0, and FEMA says it will deliver rates that are easier to understand and better reflect a property’s unique flood ...

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Real Estate Activity in the Holiday Market

Friday, November 26, 2021 Lauren Bunting

A common question from sellers is “when is the best time to sell my house?”. But, the answer to that question is multi-faceted and dependent on market conditions.Traditionally, the slowest buyer demand ...

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October 2021 Market Analysis

Thursday, November 18, 2021 Lauren Bunting

Maryland REALTORS® just released real estate statistics information from the October 2021 housing market analysis. The market continued its monthly trend of a decrease in units sold, down 8,665 in 2021, ...

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Choosing A Tenant

Thursday, November 04, 2021 Lauren Bunting

Landlords have an importantdecision to make when selecting a tenant to rent their investment propertyyear-round. Property owners have traditionally interviewed prospective tenantsin person and asked for ...

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Earnest Money

Thursday, October 28, 2021 Lauren Bunting

Earnest money is a deposit made to a seller that represents a buyer's good faith to buy a home. This deposit money can be called an escrow deposit, good faith deposit, or earnest money. But, whatever ...

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Updates By FEMA To Flood Risk & Policies

Thursday, October 21, 2021 Lauren Bunting

FEMA is changing the way it views flood risk and prices flood insurance. The National Flood Insurance Program’s (NFIP) new rating methodology, Risk Rating 2.0, and FEMA says it will deliver rates that ...

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Insurance Policies For Your Condominium

Thursday, October 14, 2021 Lauren Bunting

Condominium associations provide master policy insurance coverage, but a master policy usually covers only the building’s exterior and common areas. To have coverage for what is inside your condo unit, ...

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Pay Attention to Contract Details

Thursday, October 07, 2021 Lauren Bunting

With low inventory in our market,and a high buyer demand, we are experiencing many multiple offer situations onproperties. It’s important to pay attention to contract details to be sure thatverbal agreements ...

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Mortgage requirements on second homes now stricter

Thursday, September 02, 2021 Lauren Bunting

Second home mortgage requirements are a bit stricter than first home loans, and a bit stricter than in years past with some new guidelines coming into effect this year. Fannie Mae and Freddie Mac ...

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Debt-to-income vital for down payments

Thursday, August 05, 2021 Lauren Bunting

Most buyers know they need to save for both a down payment and closing cost money. Buyers also need to pay down their debt to be sure their debt-to-income ratios are under the various thresholds for USDA, ...

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Property insurance different from home warranty option

Thursday, July 29, 2021 Lauren Bunting

A home warranty is different from a homeowner insurance policy. Homeowners insurance policies cover things that “might” happen, such as theft, fire, storms/floods. But, home warranty plans cover things ...

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'Coming Soon' status means no more than three weeks

Thursday, July 08, 2021 Lauren Bunting

There are a few options in our local multiple list system (MLS) for letting the public know about a property for sale. These different statuses can become confusing as they are disseminated across the ...

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In home sales, buyer pays most closing costs

Thursday, June 24, 2021 Lauren Bunting

Buyers usually pay most of the closing costs associated with a purchase, of which, transfer and recordation taxes are one piece of the total closing costs. Customary in the state of Maryland is a split ...

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Things to consider when buying first condo

Thursday, June 17, 2021 Lauren Bunting

Purchasing a condominium differs from buying a single-family home in more ways than the obvious. Of course, condo ownership offers buyers the convenience of maintenance free living—but when looking into ...

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June named national homeownership month

Thursday, June 10, 2021 Lauren Bunting

June, 2021 was proclaimed National Homeownership Month by President Joe Biden. The White House issued a news release statement from President Biden stating, “We also know that people of color continue ...

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Options exist for homebuyer looking to waive inspections

Thursday, April 29, 2021 Lauren Bunting

Last week, we discussed the current sellers’ market and how it is difficult to get offers accepted when facing multiple offer situations. The article last week detailed using appraisal waivers, but additional ...

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Waiving appraisal effective strategy for select buyers

Thursday, April 22, 2021 Lauren Bunting

Buyers are looking for ways to strengthen their offer in this competitive seller’s market. One tactic that carries a lot of weight with sellers is waiving your appraisal contingency. But not every ...

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Maryland SmartBuy 3.0 program discussed

Thursday, April 08, 2021 Lauren Bunting

The state of Maryland offers a unique program called Maryland SmartBuy, which can help buyers with student debt attain homeownership. This program can also significantly increase a buyer’s purchasing ...

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Home sales slip in February after gains in months prior

Thursday, March 25, 2021 Lauren Bunting

According to the National Association of Realtors®, existing-home sales declined in February, following gains in both January, 2021 and December, 2020. However, all four U.S. regions recorded year-over-year ...

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Tips to improve chances in challenging sellers' market

Thursday, February 11, 2021 Lauren Bunting

Lack of inventory, rising prices, multiple offers on new listings—all confirmation that we are indeed in a sellers’ market. Finding a home in today’s market is challenging for buyers, but there are ways ...

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VA Loan obtainable through mortgage companies, banks

Thursday, January 21, 2021 Lauren Bunting

Most people are familiar with the VA Loan, which is a loan program through the Department of Veterans Affairs.These loans are available to veterans and active-duty military members and they offer no down ...

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Real estate market closes strong despite 2020 chaos

Thursday, January 07, 2021 Lauren Bunting

The year 2020 in real estate ended very strong. Here’s an “at a glance” recap of some of the various market stats.• The average sales prices varied monthly throughout the year, but June had the highest ...

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Record-setting low interest rates benefit home buyers

Thursday, December 10, 2020 Lauren Bunting

There are so many advantages to owning your own home, and even with prices on the rise, affording a new home may be easier than you think due to continued record-setting low interest rates.In fact, according ...

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Property restrictions special exception or variance option

Thursday, December 03, 2020 Lauren Bunting

When it comes to restrictions that local governments impose on property, there are avenues such as a variance or a special exception that owners can pursue to request changes, but the two are very different.A ...

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Water quality test important for homes with private wells

Thursday, November 26, 2020 Lauren Bunting

An important inspection for homes, especially those on a private well water supply, is the water quality test.This test usually covers bacterial, chemical and lead testing in our area. These water tests ...

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Beat other buyers in multiple bid situations

Thursday, November 19, 2020 Lauren Bunting

In a strong real estate market with lower inventory, we are experiencing numerous multiple offer situations, especially on the lower price point category of homes that first-time homebuyers would be seeking.So ...

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Different levels of insurance policy coverage

Thursday, November 12, 2020 Lauren Bunting

Most commonly used in the state of Maryland to protect a buyer and ensure that title to a property is clear and marketable in a real estate transaction, is the purchase of a title insurance policy.Title ...

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Home smoke alarm requirements

Thursday, November 05, 2020 Lauren Bunting

Homeowners in the state of Maryland should be aware that as of Jan. 1, 2018, there were new residential smoke alarm requirements put into place, as per a bill passed by the Maryland General Assembly in ...

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Lenders seek verification of cash deposits in accounts

Thursday, October 15, 2020 Lauren Bunting

Cash may be king in a sellers’ market, but buyers need to understand that the same is not true with financial institutions.So, if you don’t have all of the cash funds readily available already in a banking ...

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Housing prices increase, but appraisals lag behind

Thursday, September 24, 2020 Lauren Bunting

With “for sale” inventory limited in many price points, sellers may be able to ask more for their home.But, sellers need to remember that the home will still need to appraise adequately if the buyer is ...

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Housing market could be stronger

Thursday, September 17, 2020 Lauren Bunting

The National Association of Realtors Chief Economist, Lawrence Yun, released a video report that dissects the latest homes sales numbers, talks about what could make the market even stronger, and forecasts ...

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Flood insurance program may expire Sept. 30

Thursday, September 10, 2020 Lauren Bunting

The National Flood Insurance Program’s authority to provide flood insurance is currently scheduled to expire on Sept. 30.The National Association of Realtors is making every effort to secure a long-term ...

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OC area remains in higher demand with low inventory

Thursday, September 03, 2020 Lauren Bunting

At the beginning of the summer, we reported that demand has been very strong in the Ocean City market and surrounding areas since the end of April.Demand in the Ocean City area has remained robust. We ...

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How sellers can get best offer on houses in market

Thursday, August 20, 2020 Lauren Bunting

When listing a home for sale, sellers should make sure they really “come out of the gate running.”The following are do’s and don’t’s for sellers when listing their house for sale to ensure the least amount ...

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Prepare for storms with insurance, actions

Thursday, August 06, 2020 Lauren Bunting

With the recent Tropical Storm Isaias impacting our coastal area, the importance of having a plan in place for storm events to protect your property is top of mind.In addition to purchasing flood insurance, ...

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New state legislation impacts HOA and condo associations

Thursday, July 23, 2020 Lauren Bunting

Below is the final summary of the 2020 legislative session of the Maryland General Assembly on items that were passed and put into legislation affecting the real estate industry as it relates to both ...

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Points to weigh prior to purchasing condo

Thursday, July 02, 2020 Lauren Bunting

Condo sales have been soaring in the Ocean City and surrounding beach markets.Purchasing a condominium differs from buying a single-family home in more ways than the obvious.Condo ownership offers buyers ...

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Validity of contracts explained

Thursday, June 18, 2020 Lauren Bunting

With low inventory in our market, and a high buyer demand, we are experiencing many multiple-offer situations on properties.It’s important to pay attention to contract details to be sure that verbal agreements ...

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Appraisal of home important part of real estate process

Thursday, June 11, 2020 Lauren Bunting

The appraisal of a home is an important step in the real estate process, one that can certainly make or break a deal.An appraisal is a valuation of a property done by a professional, licensed individual ...

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OC housing market strong because of low interest rate

Thursday, June 04, 2020 Lauren Bunting

Demand has been very strong in the Ocean City market over the past month due to both being in our spring market (although somewhat postponed due to covid-19) and historically low interest rates.With some ...

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Differences between down payments and closing costs

Thursday, May 28, 2020 Lauren Bunting

Some of the biggest misconceptions in buying a home are related to down payments and closing costs.The first misconception is that a down payment is the same thing as closing costs.Down payments are one ...

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Contingencies in Contracts

Thursday, August 01, 2019 Lauren Bunting

Purchasing a new home is normally the biggest investment you’ll ever make and once you’ve bought a home, it’s a decision you can’t easily reverse.Contracts of sale offer various contingency clauses that ...

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LWB Real Estate Report: Condo Association Fees

Monday, May 01, 2017 Lauren Bunting

In the 2016 session of the Maryland General Assembly, legislation under House Bill 1192 was passed that alters the contents of required disclosures, authorizesadditional fees, and sets limits on the fees ...

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Many variables to consider in condo buying

Friday, June 19, 2015 Lauren Bunting

Purchasing a condominium differs from buying a single-family home in more ways than the obvious. Of course, condo ownership offers buyers the convenienceof maintenance free living since you don’t have ...

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MAR support home-buying bill before house

Sunday, May 31, 2015 Lauren Bunting

The Maryland Association of Realtors (MAR) makes great efforts in legislative advocacy at the state level, with a focus on supporting and developing legislationthat helps the real estate industry and ...

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Help Navigating the Real Estate World

Wednesday, March 27, 2013 Lauren Bunting

Many buyers are aware of both FHA 3.5 percent down loan and the USDA 100% financing loan. Both of these loans require upfront mortgage insurance fees aswell as monthly insurance premiums that can really ...

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Boomerang Buyers

Friday, March 01, 2013 Lauren Bunting

Real Estate Report: Real Estate Rebound Buyers There is a contingency of buyers referred to as "rebound buyers" or "boomerang buyers"--these are the people who lost homes in foreclosures or short salesduring ...

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Important First Steps When Thinking of Buying a Home

Tuesday, January 01, 2013 Lauren Bunting

Real Estate Report: Important first steps to buying a home With affordability on the rise, and interest rates at all time lows, more people are asking the question—should I rent or buy? The most ...

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2nd Quarter Housing Statistics Analysis for Worcester County

Tuesday, July 17, 2012 Lauren Bunting

2nd Quarter Worc. County Housing Statistics.The MD Association of Realtors released their housing statistics for the 2nd quarter of 2012 and the numbers show some mixed blessings for Worcester County.The ...

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Changes Affecting Home Buyers and Sellers

Sunday, April 01, 2012 Lauren Bunting

Changes Affecting Home Buyers and Sellers: Various legislative changes and industry modifications are made throughout the year that can affect both homebuyers and sellers. Here are two of the moresignificant ...

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FHA Waives Anti-Flipping Rules through 2012

Sunday, January 01, 2012 Lauren Bunting

Buyers looking to purchase a home with an FHA backed loan will continue to have more leeway to purchase directly from banks or investors with a recentdecision by the Federal Housing Administration to ...

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Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

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