Katelyn Mayer Realtor - Iron Valley Real Estate of Central PA

When non-residents sell real estate in Maryland, whether it’s a rental, vacation home, or investment property, the tax implications go beyond federal capital gains. The state has specific withholding rules designed to ensure it collects any state income tax due on profits. Understanding these rules ahead of time can save you headaches and unexpected costs at closing. What Non-Residents Need to Know Maryland requires that non-resident sellers account for taxes on capital gains. Many sellers refer to this as an “exit tax,” but it is actually a withholding requirement . This ensures the state collects any income tax owed on profits from the sale, even if the seller lives out of state. The Withholding Rate For a non-resident individual: 8% of the net proceeds from the sale. For a non-resident entity, such as an LLC or corporation: 8.25% of net proceeds. How Net Proceeds Are Calculated Withholding applies to the net proceeds, meaning the sale price minus mortgages, liens, and ...

 Thinking about making a move to Palmyra, Pennsylvania? It's a wonderful decision, and as a realtor who loves this community, I'm excited to tell you why. While the homes here are fantastic, it's the vibrant local scene that truly makes Palmyra a great place to live. From diverse restaurants to unique local shops and fun things to do, this town has it all. Let’s take a tour of what makes Palmyra a sweet place to call home—and it's not just the chocolate! A Taste of Palmyra: Restaurants & Eateries Palmyra's dining scene offers something to satisfy every craving. For a classic meal with a modern twist, check out Funcks Restaurant , a local favorite known for its delicious American fare and extensive craft beer selection. If you're in the mood for Italian, you'll love the authentic dishes at Lazzaro's Italian Bistro . Looking for something a little different? Rising Sun Bar and Kitchen offers a creative menu with a great atmosphere, and for a perfect c...

       Are you looking for a rental that feels less like a temporary space and more like a home? Look no further than this exceptional townhouse now available at 1002 Cambridge Court in Palmyra, PA . This is a rare opportunity to rent a property that combines spacious living with modern, low-maintenance features.      At $1,850 a month , this beautiful home offers over 1,500 square feet of well-designed living space. Step inside and you'll find an open and inviting main floor, complete with a cozy fireplace that's perfect for unwinding. The layout provides a seamless flow from the living area to the kitchen, making it ideal for both daily life and entertaining.      This three-bedroom, two-and-a-half-bathroom home truly stands out with its versatility. The finished basement can easily transform into a third bedroom, a private home office, or a personal gym—whatever best suits your needs. On the upper level, you'll find two additional...

Greene Township Residents: Fall Disposal & Recycling Programs As fall approaches, Greene Township residents have several opportunities to properly dispose of bulk items, white goods, tires, and yard waste. Here’s everything you need to know to take advantage of the township’s programs this season. Landfill Voucher Program – Blue Ridge Landfill Residents of Greene Township can use the Blue Ridge Landfill at 1660 Orchard Road, Chambersburg, PA 17202, up to six Saturdays per year . Voucher cards are available for free at the Greene Township Office (Monday–Friday, 8:00 AM – 4:00 PM). You’ll need a valid driver’s license to verify your address, and vouchers are available to Greene Township residents only . Bulk Item Drop-Off Bulk items can be dropped off Saturdays only, from 7:30 AM – 11:00 AM at Blue Ridge Landfill. Please note that white goods and metals are not accepted through this program. White Goods & Metals Disposal Items such as refrigerators, ranges, microwaves, wa...

  By Katelyn Mayer, Realtor – Serving Pennsylvania & Maryland Deciding whether to rent or buy your next home is a big decision — and one that depends on your personal circumstances, financial goals, and lifestyle. As a trusted Realtor serving both Pennsylvania and Maryland, I’m here to help you weigh the pros and cons so you can make the best choice for your future. When Renting Makes Sense 1. Flexibility is Your Priority If your job requires you to move frequently, or you’re not ready to settle down in one area, renting provides the freedom to relocate without the burden of selling a home. 2. Lower Upfront Costs Renting typically requires a security deposit and maybe first and last month’s rent, but it avoids the hefty down payment, closing costs, and ongoing maintenance expenses that come with homeownership. 3. Maintenance and Repairs Are Covered When you rent, your landlord is generally responsible for maintenance and repairs — a big plus if you’d rather avoid unexp...

 Whether you're a landlord protecting your investment or a tenant settling into a new space, renter’s insurance plays a critical role in the world of residential leasing. It’s often misunderstood, underestimated, or simply overlooked—but having a basic understanding of how it works can save both parties time, money, and stress. 🔍 What Is Renter’s Insurance? Renter’s insurance is a policy purchased by a tenant to cover personal property , liability , and additional living expenses in the event of damage, theft, or certain disasters. Importantly, this insurance does not cover the structure of the home—that’s the landlord’s responsibility. 🏠 For Landlords: Why Require Renter’s Insurance? As a landlord, requiring renter’s insurance is a smart way to: Minimize liability if a tenant causes accidental damage (e.g., kitchen fire or plumbing backup). Reduce disputes over personal property damage after incidents. Encourage tenants to be financially responsible. 💼 What Do...