transfer tax

With its charming suburbs and small towns, natural forests and sandy beaches, and proximity to D.C., Philadelphia, and New York City, it's hard to beat life in Maryland. But moving to the Free State comes at a high cost, so make sure you have cash saved not only for the down payment but also for closing costs. Closing costs are an out-of-pocket expense that you will pay for the day you close your new home. These costs consist of the fees charged to homebuyers during the home buying process, from applying for a mortgage to appraisal and inspecting the property. Various taxes and insurance…