Deep Creek Lake Real Estate Terms

Deep Creek Lake real estate terms can be challenging to understand if you are unfamiliar with the area. A review of the following terms used to describe real estate and permits around the lake will assist you in making your buying decisions.  Understanding these definitions will help you determine the property that’s the best fit for you (Lakefront, Lake Access, Split Lakefront, Lake View).  Using a Taylor-Made experienced and trained REALTOR® will ensure that your best interests are at heart every step of the way. I am Betsy Holcomb, a co-owner of Taylor-Made real estate and a sales agent. Feel free to contact me any time at betsy@deepcreekvacations.com or 301-616-5022 with any questions you might have.

Deep Creek Lake Real Estate Terms

ASSIGNED SLIP – A term used to indicate that the residential unit or lot has the exclusive use of a specific boat slip issued to the Council of Unit Owners or Homeowners Association.

BUFFER STRIP – Land owned by the State of Maryland between the water’s surface and the private property boundaries of adjacent landowners to an elevation of approximately 2466’ in most locations.  Said buffer strip is designed to provide an access area between the actual water surface and private property adequately sized to permit the general public to walk or fish around the entire perimeter of Deep Creek Lake. Continue reading Deep Creek Lake Real Estate Terms

May 2019 Real Estate Rundown By Jay Ferguson

“There are three kinds of lies: lies, damned lies, and statistics.” – Mark Twain

My name is Jay Ferguson and I am one of the owners of the real estate division of Taylor Made Deep Creek Vacations & Sales. I am entering my 19th year in the real estate business here in Garrett County and at Deep Creek Lake. If you are interested, you can find out more about me personally and my background when you click here.

I will be writing a monthly blog post about our local real estate market, sharing & interpreting statistics and offering some insights into the market as a whole…as I see it. These are my personal thoughts and musings about the market in general and are not intended as anything more specific. And, to be clear, I am an optimistic, glass half-full kind of guy.

Lastly, every stat I reference is based on the official stats published by Bright MLS on or around the 15th of each month. My plan is to give you straightforward stats coupled with my analysis from the front lines and let you interpret what you read in your own way.

April 2019 brought a TON of new inventory – over 100 new listings on the market for sale. Its good news for buyers who want to have more choices, but it’s a little nerve-wracking for sellers who now have more competition. Continue reading May 2019 Real Estate Rundown By Jay Ferguson