Wondering what the new law costing condo owners ten's of thousands of dollars in Ocean City, MD? In this video I break down the Maryland HB 107 Law that requires HOA communities and condo building associations in Ocean City, MD to have an updated reserve study and physical inspection of the building and common shared areas. I do go over a sample reserve study report and you'll see what that entails. As a buyer or seller its crucial to know how this will affect you and your investment if looking to invest or sell.
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Rich Price is a local Maryland and Delaware Beach Real Estate Agent and marketing expert that helps people sell their home for more money in less time, buy the perfect vacation home and invest in real estate here at the beach. I live, work and play here at the beach so I have vast knowledge of the different surrounding areas, communities and condo buildings.
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