Home Buying Process In Maryland -

Your agent will provide a CMA report to ensure you don't overpay relative to nearby comparable sales.

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.

Buying a home in Maryland follows a structured timeline involving specific state-level financial programs, local custom contingencies, and a unique closing process. 📋 The Maryland Home Buying Roadmap 1. Preparation & Pre-Approval home buying process in maryland

Maryland lenders typically look for a 620+ score for standard programs.

These vary by county. For example, Montgomery County has different rates than Baltimore City. Your agent will provide a CMA report to

Usually 1% to 3% of the purchase price, held in escrow by the title company or broker. 4. Contingencies & Inspections

Conducted 24–48 hours before closing to ensure the home is in the agreed-upon condition. 📋 The Maryland Home Buying Roadmap 1

Buyers typically have 7–14 days to conduct general, radon, or pest inspections.