Purchase Agreement vs. Letter of Intent — a purchase agreement is legally binding; a letter of intent signals interest without full commitment.
General Warranty Deed vs. Quitclaim Deed — a warranty deed guarantees clear title; a quitclaim deed transfers only the seller's current interest with no guarantees.
Property Disclosure vs. Home Inspection Report — a disclosure reflects what the seller knows; an inspection report reflects what a licensed inspector independently found.
Earnest Money Receipt vs. Closing Statement — an earnest money receipt records the initial deposit; a closing statement accounts for all funds at settlement.
Contingency Addendum vs. Amendment — a contingency addendum sets conditions that must be met for the sale to proceed; an amendment modifies a term already in the signed agreement.
Title Transfer vs. Bill of Sale — a title transfer conveys real property ownership; a bill of sale is used for personal property included in the transaction.
Purchase Agreement — establishes the price, terms, and conditions both parties agree to before closing.
Property Disclosure Statement — informs the buyer of known defects, material facts, and the condition of the home.
Deed Transfer Form — officially conveys ownership of the property from seller to buyer at closing.
Lead-Based Paint Disclosure — required for homes built before 1978 to notify buyers of potential hazards.
Earnest Money Receipt — acknowledges the buyer's good-faith deposit and its terms for refund or forfeiture.
Home Inspection Contingency Addendum — gives the buyer the right to conduct an inspection and negotiate repairs.
Closing Statement — itemizes all costs, credits, and funds exchanged by each party at settlement.
FAQs
At minimum, you will need a signed purchase agreement, a completed property disclosure statement, and a properly executed deed. Depending on the property, a lead-based paint disclosure and various closing documents may also be required.
Maryland does not legally require an attorney to be present at closing. However, many buyers and sellers choose to have one review documents, especially in complex transactions or FSBO situations.
Earnest money is a good-faith deposit the buyer submits when making an offer. Whether it is refundable depends on the contingencies written into the purchase agreement, such as financing or inspection clauses.
At closing, both parties sign the final documents, funds are transferred, and the deed is prepared for recordation with the county. A settlement agent typically coordinates the process and disburses all proceeds.
Yes, FSBO sales are legal in Maryland. Sellers still need to complete all required disclosures, prepare a valid purchase agreement, and record the deed with the appropriate county land records office.
Key legal points
Maryland sellers are required by law to complete a Residential Property Disclosure and Disclaimer Statement before a contract is finalized.
Lead-based paint disclosures are federally mandated for all homes built before 1978, regardless of state.
Maryland follows a buyer-beware standard, so accurate and complete disclosures are essential for protecting all parties.
Earnest money is typically held in escrow by a licensed real estate broker or settlement company until closing.
Maryland does not require an attorney to be present at closing, but legal review of documents is always an option.
The deed must be signed, notarized, and recorded with the county land records office to complete the title transfer.
Transfer and recordation taxes in Maryland are split between the buyer and seller unless otherwise negotiated in the agreement.
A home inspection contingency gives the buyer a defined window to inspect the property and request repairs or credits.
FSBO sellers in Maryland must still comply with all disclosure requirements and deed recording rules that apply to agent-assisted sales.
How to get started
Start your Maryland home sale in minutes with these simple steps.
Browse the Maryland home sale form library and select the template that matches your needs.
Preview the document to confirm it covers all the terms and disclosures relevant to your transaction.
Subscribe to access the full template and unlock the complete editing experience.
Complete the form using the online editor, filling in property details, parties, dates, and any applicable terms.
Download the finished document, print for signatures, or share it electronically with the other party or your settlement agent.
Practical tip
In Maryland, county-level transfer and recordation taxes vary, so confirm the current rates with your local circuit court before finalizing the closing statement.
Glossary
Purchase AgreementThe binding contract that sets the price and terms for a home sale.
SettlementThe final meeting where documents are signed, funds are exchanged, and ownership transfers.
Earnest MoneyA deposit made by the buyer to demonstrate serious intent to purchase.
EscrowA neutral account where funds or documents are held until closing conditions are satisfied.
DeedThe legal document that transfers title of real property from seller to buyer.
TitleThe legal right to own and use a specific piece of property.
Disclosure StatementA form where the seller reports known issues or material facts about the property.
ContingencyA condition in the purchase agreement that must be met for the sale to move forward.
FSBOFor Sale By Owner; a transaction where the seller handles the sale without a real estate agent.
RecordationThe official filing of the deed with the county land records office to make ownership public.
Transfer TaxA state or county tax assessed when property changes hands at closing.
Title SearchA review of public records to confirm the seller's right to transfer ownership and identify any liens.
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