Lauren Bunting Associate Broker

Lauren's Blog

  • 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

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  • Consumers protected from misconduct with Guaranty

    Thursday, January 14, 2021 Lauren Bunting

    The Maryland Real Estate Commission is the regulatory agency that provides licenses to real estate brokers and agents.

    Its office receives 400-500 consumer complaints annually.

    Maryland Real Estate Commission is a special funded entity in which license fees fund its operations as well as the Real Estate Guaranty Fund.

    Maryland Realtors have provided

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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 sales price average increase for Worcester county at 20 percent higher than last year,

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  • Real estate year-end observations

    Thursday, December 24, 2020 Lauren Bunting

    This year has produced noticeable real estate market shifts, and in many cases the surge in real estate demand was fueled by the effects of covid-19.

    Here on the shore, we saw increases in feeder market sales due to the consumers desire to have a safe, drive-to vacation spot.

    Various other factors

    Read more
  • 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

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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

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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 include results on: coliform, e-coli, nitrates/nitrites, sand, turbidity, pH, chlorine, iron and lead.

    It is not common to find

    Read more
  • 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 how can a first-time homebuyer strengthen their chances of beating out other buyers?

    This is one of the hardest, but

    Read more
  • 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

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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

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  • Undersupply of homes sets up bidding wars

    Thursday, October 29, 2020 Lauren Bunting

    With two months left in this bizarre 2020, and the continuation of a very strong sellers market, many buyers are asking what impact continued economic uncertainty could have on home prices and will

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  • Pandemic creates growing homeowner dissatisfaction

    Thursday, October 08, 2020 Lauren Bunting

    Information from a recent Sears Home Services survey is showing that the pandemic has prompted homeowners to reevaluate their homes.

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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.

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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 what’s ahead

    Read more
  • 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 reauthorization of the

    Read more
  • 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.

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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.”

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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.

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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

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  • Md. legislation affects real estate industry and taxes

    Thursday, July 09, 2020 Lauren Bunting

    Below is a 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 affordable

    Read more
  • 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

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  • Financial incentives available

    Friday, June 26, 2020 Lauren Bunting

    Are you looking to buy a home in Wicomico County? The Maryland Department of Housing and Community Development, in partnership with Wicomico County, is providing attractive financial incentives to help make buying new

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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.

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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.

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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.

    Read more

  • Now great time to sell home, but take extra safety steps

    Thursday, May 21, 2020 Lauren Bunting

    Listing inventory is at record lows both around the country and in our local area, and buyer demand is coming back as the country eases restrictions, so it’s a great time to sell

    Read more
  • Home Warranties

    Friday, October 04, 2019 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 that “will” happen, such as AC isn’t cooling house down,

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  • FHA Condo Rule Changes

    Sunday, September 01, 2019 Lauren Bunting

    The National Association of Realtors® sent out a press release last week commending the Department of Housing and Urban Development for finalizing new Federal Housing Administration condominium loan policies. The changes, many of which NAR has championed for over

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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 allow you to negotiate the contract

    Read more
  • Transfer and Recordation Taxes in MD

    Monday, July 01, 2019 Lauren Bunting

    Customary in the state of Maryland is a split of transfer and recordation charges between a buyer and a seller. Section 14-104(b) of the Real Property Article, Annotated Code of Maryland provides that, unless otherwise negotiated in the contract

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  • Days On Market Calculations in Bright MLS

    Saturday, June 01, 2019 Lauren Bunting

    The local multiple list system is called Bright MLS. Bright tracks how long a listing has been active with the use of Days on Market (DOM) and Cumulative Days on Market (CDOM). The DOM provides a look at how

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  • LWB Real Estate Report: Market Update

    Monday, August 27, 2018 Lauren Bunting

    Residential home prices rose in June compared to the same period of 2017, according to Maryland REALTORS. Average home prices rose by 2.9 percent for the fifth month in a row, while median prices increased by 4.0 percent as

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  • LWB Real Estate Report: Millennials

    Thursday, July 19, 2018 Lauren Bunting

    Real Estate Report:

    Millennials, age 18 to 35, are now the largest group of homebuyers, according to the National Association of Realtors. With this in mind, it’s important to know what it is they are looking for in a home.

    At the top of the millennials’ wish

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  • LWB Real Estate Report: Can I Afford to Buy?

    Thursday, July 12, 2018 Lauren Bunting

     

    Most people want to own their own home—it gives a sense of security and stability. It also allows for more flexibility in personalizing and renovating your home to make it your own. Most importantly, it allows the ability to build wealth as your equity grows. But, can

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  • LWB Real Estate Report: Water Test Lead

    Thursday, June 28, 2018 Lauren Bunting

    Real Estate Report:

    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 include results

    Read more
  • LWB Real Estate Report: Legislation Wrap Up

    Tuesday, April 17, 2018 Lauren Bunting

    Real Estate Article:

    Maryland REALTORS recently released a brief report on 2018 Maryland legislation key issues affecting the real estate industry. REALTORS throughout the state provide advocacy and participation through legislative Calls for Action during the

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  • LWB Real Estate Report: Bank of America's Grant

    Tuesday, April 03, 2018 Lauren Bunting

    Real Estate Report:

    Homebuyers may be eligible to receive up to $5000.00 in closing cost assistance through Bank of America’s Home Grant program. These funds can be used to help with nonrecurring closing costs such

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  • LWB Real Estate Report: CMA vs. Appraisal

    Tuesday, March 13, 2018 Lauren Bunting

    Real Estate Report: CMA vs. Appraisal

    To clear up any confusion, there is a definite difference between a Comparative Market Analysis (CMA) and an appraisal. Basically, they are two different levels of reports in determining

    Read more
  • LWB Real Estate Report: Smoke Alarm Law

    Tuesday, February 13, 2018 Lauren Bunting

    Real Estate Report:

    As of January 1, 2018, there are new residential smoke alarm requirements in the state of Maryland, as per a bill passed by the Maryland General Assembly in 2013. Maryland REALTORS® has provided information to help

    Read more
  • LWB Real Estate Report: 2018 Legislative Priorities

    Tuesday, February 06, 2018 Lauren Bunting

    The Maryland Realtors® released their 2018 Legislative Priorities list for Realtors throughout the state to be aware of the key legislation being considered that will affect the real estate industry. Here are the summaries of the proposed bills:

    Read more
  • LWB Real Estate Report: 2017 Year End Figures

    Tuesday, January 30, 2018 Lauren Bunting

    Maryland REALTORS® released their Maryland Year End sales figures, and announced that in 2017, residential sales in Maryland climbed by 3.2 percent, or more than 2,500 homes across the state. Eighteen of Maryland's 24 jurisdictions posted gains in home

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  • LWB Real Estate Report: Ocean Pines & USDA Loan Issue

    Thursday, January 25, 2018 Lauren Bunting

    An important affordable loan product for the Ocean Pines area is in jeopardy—the 100% financing USDA loan. The U.S. Department of Agriculture Rural Development Maryland/Delaware State Office has announced it is conducting a review of all areas under its

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  • LWB Real Estate Report: Title I Loan

    Monday, January 08, 2018 Lauren Bunting

    There is a Federal Housing Administration program that allows for the financing of a mobile home. It is called the Title I program, and it allows FHA approved lenders to make loans from their own funds to eligible borrowers

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  • LWB Real Estate Report: Money to Close Differences

    Tuesday, August 01, 2017 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 cost in the purchase of a home; and, closing costs are another separate

    Read more
  • LWB Real Estate Report: Importance First Steps to Buying a Home

    Saturday, July 01, 2017 Lauren Bunting

     

    Many homebuyers focus on a max purchase price when searching for a new home. This number is usually based on how much a lender has told them they are approved for and/or a total monthly payment that they feel comfortable they can afford. But there are some

    Read more
  • LWB Real Estate Report: Contingencies

    Thursday, June 01, 2017 Lauren Bunting

    Contingencies Provide Buyers an Important Check and Balance

    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

    Read more
  • 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, authorizes additional fees, and sets limits on the fees that may be charged to a seller by a condominium council of unit owners for

    Read more
  • LWB Real Estate Report: Realtor Ethics

    Wednesday, February 01, 2017 Lauren Bunting

    Most real estate agents are Realtors®, which means they are members of the National Association of Realtors (NAR). By belonging to NAR, all member Realtors are bound by NAR’s Code of Ethics. But beyond the ethics code, NAR developed

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  • LWB Real Estate Report: Tax Prep to Purchase

    Sunday, January 01, 2017 Lauren Bunting

    For those considering a purchase of a new home in 2017, there are steps you can take to prepare yourself financially. The first step is to contact a local mortgage broker that can help review your current financial situation—but the two most important aspects to define are

    Read more
  • Like-kind swaps have important tax implications

    Tuesday, August 25, 2015 Lauren Bunting

    The National Association of Realtors (NAR) conducted a survey that shows real estate like-kind exchanges are an important vehicle for disposing of and acquiring properties and support the nation's financial growth, job creation and economy. NAR's Like-Kind Exchanges: Real Estate Market Perspectives 2015 surveyed

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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 legislation that helps the real estate industry and supports the business interests of real estate professionals.

    In a recent news release from MAR, it

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  • House and Senate approve extensions

    Friday, December 26, 2014 Lauren Bunting

    The U.S. House and Senate approved a package of tax extensions that include an important provision that helps distressed homeowners through extending the Mortgage Forgiveness Tax Relief Act for all of 2014.

    The approval will be retroactive for homeowners who sold their home during 2014, and the act

    Read more
  • Foreclosure inventory down, report states

    Friday, October 17, 2014 Lauren Bunting

    CoreLogic, a data and analytics company, recently released its National Foreclosure Report with data through August 2014—and it shows foreclosure inventory is down.

    The report states that 45,000 foreclosures were completed in August, a 22.2 percent year over year decline from 58,000 in August 2013.Approximately 629,000

    Read more
  • Detailed list of requirements to become Realtor

    Friday, June 06, 2014 Lauren Bunting

    Have you ever wondered what qualifications your Realtor encompasses?

    To be a licensed Realtor, there is a detailed list of requirements, not only to obtain your license initially, but also to maintain your license with ongoing continuing education.

    To initially obtain a license from Maryland, Realtors are

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  • FHA takes steps to help underserved

    Friday, May 16, 2014 Lauren Bunting

    The Federal Housing Administration (FHA) issued a news release announcing its "Blueprint for Access".

    This blueprint outlines the additional steps the FHA is taking to expand access to credit for underserved borrowers. These steps include encouraging a broader use of housing counseling and homebuyers will qualify for

    Read more
  • Web site offers real estate investment starting tools

    Friday, April 11, 2014 Lauren Bunting

    Have you ever dreamed of delving into real estate investments but didn't know how to get started?

    There is an online, free resource called BiggerPockets.com that offers real estate networking and information resource platforms, created for professionals, investors, homeowners, and other aficionados. With over 150,000 members, their

    Read more
  • Alternative mortgage loans made available

    Friday, March 21, 2014 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 as well as monthly insurance premiums that can really push up the monthly cost of their loan, which reduces purchase power.

    Read more
  • Home purchasing is a process

    Friday, February 07, 2014 Lauren Bunting

    So you want to buy a home, but don’t know where to begin. Many prospective homebuyers call an agent to see a property before figuring out what they really want in a home and also before the other crucial first step — getting pre-qualified.

    Buyers should sit

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  • NAR provides information on Reach program

    Friday, January 10, 2014 Lauren Bunting

    The National Association of Realtors recently released information about REach, the strategic accelerator for technology startups created and managed by the NAR's investment fund, Second Century Ventures.

    Applications to join the second-year class are being accepted

    Read more
  • FHA Introduces Changes for April 2013

    Monday, April 01, 2013 Lauren Bunting

    Real Estate Report: FHA Introduces Changes to Help Strengthen Its Financial Health.

    In a recent Housing of Urban Development (HUD) news release, a series of changes were announced that will allow the agency to better manage risk and further strengthen the health of the Federal Housing Administration's (FHA)

    Read more
  • 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 as well as monthly insurance premiums that can really push up the monthly cost of their loan, which reduces purchase power.

    Read more
  • 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 sales during the housing bust who are striving to be homeowners again.

    It is estimated

    Read more
  • 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 important first

    Read more
  • 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 housing statistics report for April – June, 2012 shows that overall sales volume took a hit

    Read more
  • 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 more significant changes in 2012.

    FHA Fees Change: Effective April 1, 2012 there will be an increase to

    Read more
  • $25 Billion Settlement Against Banks

    Thursday, March 01, 2012 Lauren Bunting

    $20 billion in relief for homeowners

    The federal government and 49 state attorneys general have settled a lawsuit for $25 billion against the country's five biggest banks for foreclosure processing and mortgage loan servicing problems.

    Read more
  • What to do with your money??

    Wednesday, February 01, 2012 Lauren Bunting

    Holding out to try and find the lowest price is not always the best strategy...

    Are your feet stuck in the sand when it comes to investing? Not sure what to do with your money in today’s economic climate? Here’s an interesting perspective on today’s financial opportunities from

    Read more
  • 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 recent decision by the Federal Housing Administration to extend its waiver on property anti-flipping rules through 2012.

    FHA rules typically prohibit

    Read more
  • Move Up Buyers Stuck in Mud?

    Monday, August 01, 2011 Lauren Bunting

    Real Estate Report: "Move Up" Buyers Stuck in Mud

    Our real estate market is missing an important element these days. Many homeowners who would like to upgrade to a larger home, commonly referred to as the "move up" buyer, have to hold off making a move.

    A

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  • Do You Have What It Takes To Be A Landlord

    Friday, July 01, 2011 Lauren Bunting

    Real Estate Report: Do You Have What it Takes to be a Landlord

    Investing in a rental house can single handedly secure a college education or provide for a more comfortable retirement, but do you have what it takes to be a landlord?

    Success in real estate investing,

    Read more
  • What is a QR code?

    Wednesday, June 01, 2011 Lauren Bunting

    Have you looked at real estate ads lately, and wondered if there was a printing error that caused a box of squiggly lines to appear??

    Well, it's no mistake. It's one of the newest mobile internet technologies using 'bar codes", or more specifically dubbed QR codes.

    A QR (Quick Response)

    Read more
  • 3 Helpful Hints to Save on Homeowners Insurance

    Tuesday, April 19, 2011 Lauren Bunting

    Real Estate Report: Three Helpful Hints to Save on Homeowners Insurance

    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

    Read more
  • Foreclosures in Our Market--What Role Do They Play?

    Tuesday, February 08, 2011 Lauren Bunting

    Distressed properties—meaning foreclosures, bank-owned (REO) and short sales, where the property is being sold for less than the mortgage due—are undeniably playing a role in keeping our housing values depressed locally. But…how much so, and when will we see the light at the end of the

    Read more

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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. You certainly have done yeomen du...

Brenda Burbage

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

Amanda Hanke & 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 achie...

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

Lauren’s extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home. We were beyond impressed by her persistence, dedication and how easy she ...

Allison Shockley & Patrick Molloy

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....

Mike and Patty Locke

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


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Contact Me
  • Atlantic Shores Sotheby's International Realty
  • Lauren Bunting Associate Broker
  • 7510 Coastal Highway | Ocean City, MD 21842
  • Office Phone: 410-524-0919
  • Cell: 410-422-9899
  • Email: lwbunting@comcast.net