When most people hear the term “For Sale by Owner” or “FSBO” they might not know the exact meaning behind it, much less have considered trying out the practice for themselves. We want to explain not only how exactly the process can be done, but also how truly simple, painless, and financially beneficial it can be to homeowners considering selling on their own. In today’s world of advanced technology with the ability to get step-by-step instructions for virtually anything online with just a quick google search, electing to sell something “FSBO” means a lot more accessible do-it-yourself options. Homeowners today looking to sell have access to much of the same information and resources commonly used by a real estate agent. Beyond Read More
Tag Archives: Real Estate
What the Heck is Ground Rent?

According to The People’s Law Library of Maryland, “Ground rent is a periodic monetary payment by a tenant to a ground lease holder who holds a reversionary interest in the property or “ground” underneath a home.” But what does that actually mean in plain English? Basically, for certain properties (most of which are located in Baltimore City), homeowners are required to pay a small sum of money (typically $50.00-$100.00 per year) to a person or company known as the ground rent holder. This concept, which dates back to the 18th Century, still causes confusion to homeowners and mortgage companies unfamiliar with the practice. If it’s that simple, why is it so confusing? Ground rent is an unfamiliar Read More