“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 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.
May 2019 brought even more new inventory – 114 new listings on the market for sale. Its par for the course as sellers put their homes up for sale during the time of year where the vacation audience is at its peak. Homes are looking their best right now and docks are in the water. Social media feeds are loaded with snapshots of #LakeLife and gorgeous sunsets. It’s an amazing opportunity to carve out your own slice of lake life at its finest!
Continue reading June 2019 Real Estate Rundown By Jay Ferguson
Successful settlement is the end goal of any real estate transaction. Finding your perfect home is the beginning to many years of wonderful memories but there are some additional subsequent details that must be managed to ensure that happens.
1.Notify your lender and lock your rate
Once you have negotiated a price and secured the right property for your family, quickly begin working with your lender so they can lock the best interest rate for you. Some rate locks are 30-days and others are 45-60 days. It’s important to know this upfront so that you are not in a position to have to pay additional money to keep your rate if settlement goes beyond your rate lock period.
2.Ensure that deposit is received by your REALTOR® and deposited once contract is ratified
With a real estate transaction, it is typical to provide a good faith/escrow/earnest money deposit at time of offer or once your contract is accepted and both buyer and seller have signed. This deposit will be held until time of closing and applied to your purchase price.
3.Watch deadlines for contingency completions
If you have inspection contingencies in your contract, it is important to make sure your inspections are all completed within the time periods allotted in the contract. This way, if there are repairs that need to be addressed, you have ample time to notify the sellers and get them repaired prior to closing. If you miss the deadline then you may not be able to ask for repairs. Continue reading 10 Steps to a Successful Settlement
Discover what’s new at Deep Creek Lake! We have started compiling our 2019 list of new businesses in the Deep Creek Lake area. Check back often for updates!
The next time you are in town, stop by one of these fine establishments:
Deep Creek Axe Throwing Company
Open year round, this is a fun way to test your aim! It is kind of like playing darts but with axes! Located at Monkey Business Adventure Park, it is available to ages eight and up.
Deep Creek Water Trampolines
If your staying at one of our homes with a private dock, you can have your own private water trampoline that will keep the kids smiling for ours! It is a great addition to your lakefront activities. Give them a call at 301-501-5195 to make reservations and schedule delivery!
Located in Oakland’s historic downtown, Sipside serves up classic cocktails, craft beers and fine wines. Live weekend entertainment and a cool atmosphere make it a great spot to hang-out with friends.
Centrally located at the Fort in McHenry, you will find everything from restorative to high intensity classes, women’s gatherings, blacklight yoga, dance, and a variety of other wellness workshops!
If you haven’t made your vacation plans, search now for the best summer selection. Don’t miss out!
A Deep Creek Lake summer road trip is the perfect opportunity to escape to the mountains for a little R&R. It is a getaway that is less than 3 hours from Baltimore and Washington, DC and less than 2 hours from Pittsburgh. The convenient location, natural beauty and abundant recreation make it the ideal destination for a long weekend away.
Deep Creek Lake Summer Road Trip Savings
We are offering a FREE summer night when you plan a trip arriving now through August 23, 2019. You can use the money you save to treat your family to fun activities or great food at local restaurants.
The offer includes:
– Stay 3 nights, get the 4th night FREE*
– A $25 gift card for Smiley’s Pizzeria will be at the home when you arrive
– Get 1 FREE Deep Creek Adventure Package per child Continue reading Deep Creek Lake Summer Road Trip – Less Than 3 Hours from Baltimore & DC!