News & Updates

Current Market Conditions For Sussex County, DE (as of 10/31/2019—based on sales of single-family homes) Total Single Family Homes on the Market as of 10/31/2019:  1,805 DOWN 4% from last month Inventory Breakdown:     Resale Homes—66%   New Const.—34% ~~~~~ Total Single Family Homes Sold Current Year:   3,396 Total Single Family Homes Sold Previous Year:   3,201 % … Continue reading Real Estate Market Activity for October 2019 →

Spooky houses look like they haven’t seen a living occupant, gardener or handyman in years. Many so-called haunted houses are so dilapidated they look occupied by ghosts, or they’ve been on the market so long, buyers suspect there’s a skeleton hidden in the closet. But that house for sale that gives you the creeps may … Continue reading Would You Buy a Haunted House? →

Wish List:  I want a wonderful cozy Getaway, And I want to be Close to the Beach, Beautiful Views of Trees and Greenery, and maybe even a Lake.  I want someone else to cut my lawn, I want to walk to restaurants and shopping, I want a Pool, and I want a Bike Trail close … Continue reading Wish List . . . →

What Is a Quitclaim Deed? In a typical real estate transaction, a warranty deed is used to transfer ownership. That means that the person selling the property owns it and has a right to sell it and that no third party has a lien against the property. A title search is conducted, and title insurance … Continue reading What is a Quit Claim Deed? →

How to Get Started in Real Estate Investing Whether you’re looking to go all-in and become a landlord or dabble from a distance through a REIT, real estate investing offers many advantages over stocks and bonds, such as only having to pay a portion of the investment up front in the form of the down … Continue reading Real Estate Investing →

Click here for details on the homes pictured above . . . If you’ve not explored the Beach areas of Southern Delaware then You are Truly Missing Out . . . Sussex County and its’ coastal towns of Lewes, Rehoboth Beach, Dewey, Bethany Beach and Fenwick Island have been recognized so often earning awards such … Continue reading Actually “Live” at the Beach and Save Money??? →

REAL ESTATE MARKET WATCH – AUGUST 2019 The statistics referenced here and in the attached newsletter are based on single family homes derived from the Bright Multiple Listing Service. Active Listings/Current Inventory As of the end of August, there were a total of 1,945 homes on the market, a decrease of 1%  from the previous … Continue reading Real Estate Market Watch – August 2019 →

August Real Estate Roundup Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest … Continue reading August Mortgage Rate Update →

The statistics referenced here and in the attached chart are based on single family homes derived from the Bright Multiple Listing Service. Active Listings/Current Inventory As of the end of July, there were a total of 1,966 homes on the market, a decrease of 5%  from the previous month’s end inventory of 2,060.  This represents … Continue reading Current Real Estate Market Conditions – July 2019 →

Bicycle-friendly amenities are contributing to a surge in property values in communities across the globe, marshaled by developments in urban centers and suburban outposts that accommodate “active” transportation. Click link for map of the Rehoboth Lewes Bike Path – which is continuing to grow! http://www.dnrec.delaware.gov/parks/Information/Documents/GordonsPond/4-13/Region%20Map.pdf “Today, bike trails, bike lanes, bike-share systems, and other forms of active … Continue reading Bike Paths Lift Home Values →

Mortgage Rate Update . . . Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “Mortgage rates continued to hover near three-year lows and purchase application demand has responded, rising steadily over the last two months to the highest year-over-year change since the fall of 2017. While the improvement has yet to impact home … Continue reading Mortgage Rate Update →

It’s Either a Tear down or A Remodel Older homes that served our grandparents and parents well may appear poorly planned for today’s families. They tend to be smaller with narrow lots, closed-off kitchens, and fewer bathrooms and bedrooms. On the other hand, older homes tend to offer character and quality craftsmanship that is unmatched … Continue reading Tear Down or ReModel? →