TAX REFORM 2018
The National Association of Realtors has produced a comprehensive document that summarizes the changes affecting real estate professionals and HomeOwners. All individual provisions are generally effective after December 31, 2017 for the 2018 tax filing year. The provisions do not affect tax filings for 2017 unless noted.
*We are Sharing this with our Clients as a courtesy – BUT You should always consult a tax professional about your own personal circumstances.
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Sold Properties in December 2017
Home Sales in Southern Delaware
Land Sales in Southern Delaware
- Rehoboth / Dewey
- In-Town Rehoboth *
- Lewes
- Milton
- Millsboro
- Bethany
- West Bethany
- Southern Sussex
* Info. from the Sussex County Association of Realtors MLS
Monthly Trivia
Why We Live Here . . .
A Popular Photographic Series provided weekly on our blog at SellingDelawareHomes highlighting attractions, history and interesting places here in the beach area of Southern Delaware.
Market Activity for December:
As of the end of 2017, there were a total of 1,824 homes on the market, a decrease of 7% from the previous month’s end inventory of 1,954. This represents an 6-month’s supply of inventory, with a current absorption rate of 291 homes sold per month thus far in 2017.
Closed Sales
For the year ending 2017, sales of single-family homes in Sussex County are up 15% over last year, with 3,495 homes sold compared to 3,028 for the year ending 2016. The areas with the largest increase were the Bethany/Ocean View/Fenwick Area, up 22%, and the Angola/Long Neck/Millsboro Area, up 20%.
Before You Paint Your Brick Exterior
The Brick Industry Association touts brick for its strength, energy efficiency and low maintenance, but sometimes brick can just be dated or downright ugly. A fresh new color on your home’s exterior brick can go a long way toward updating your home.
Whether you choose to do the work yourself or hire a professional, the same steps, particularly careful preparation, should be followed.
Clean the bricks: Use a wire brush, soap and water to clean the bricks, or use a power washer. For hard to remove stains, you can mix water with trisodium phosphate (TSP). TSP is phosphate-free and formulated for hard surfaces. Use approximately one-half cup to a gallon of water. For mold, mix one part bleach to three parts water and scrub with a wire brush.
Repair cracks and missing mortar: If you’re painting the brick for the first time, buy a premixed mortar patch, then caulk and seal any cracks in the brick. If your brick is already painted use the wire brush to loosen any paint that may be peeling.
Use masonry primer: Like TSP, latex masonry primer is made for brick. It ensures that the paint color will go on smoothly and evenly. Allow the primer to dry before you begin to paint. If the paint was originally painted with oil, you’ll have to use oil-based masonry primer and paint or the fresh paint will quickly peel. Apply two coats of paint for coverage, and wait for the first coat to dry before applying the second.
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