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Sold Properties in May 2019
Home Sales in Southern Delaware
Land Sales in Southern Delaware
Info. from the Sussex County Association of Realtors MLS
Just For Fun . . .
Monthly Trivia
A. What stopped in London at 3:45 on August 5th, 1975?
B. Why did the year 1994 see no baseball World Series?
C. What actor studied as a priest then an architect before becoming an actor?
Our Featured Listings
6 Lands End Drive
Long admired and now finally available. 6 Lands End is the only undeveloped lot on the much sought after Lands End cul-de-sac in the Rehoboth Beach Yacht and Country Club community. This stunning waterfront lot offers 100′ of bulkhead on a deep water protected canal that leads out to the Rehoboth Bay. Lands End is truly unique as it is a cul-de-sac surrounded by water with only 12 homesites with 6 Lands End being the last opportunity to join this exclusive enclave of magnificent waterfront Read More . . .
2 Virginia Avenue, #207
OCEANFRONT CONDO! Spectacular views from this studio unit in Edgewater House. Walk out of the building onto Rehoboth Beach’s famous boardwalk and beach, or relax by the community pool. Recent renovations make this unit a “best buy.” Kitchen has granite counters, new flooring throughout the unit and being sold with new furnishings. A complete turn-key unit with a great rental history. Read More . . .
Market Activity for May:
As of the end of May, there were a total of 2,066 homes on the market, an increase of 2% from the previous month’s end inventory of 2,028. This represents a 7-month’s supply of inventory, with a current absorption rate of 288 homes sold per month thus far in 2019.
Closed Sales
For the first five months of 2019, sales of single-family homes in Sussex County are up 2% from last year, with 1,442 homes sold compared to 1,411 for the first five months of 2018. The areas with the largest increase were the Georgetown Area, up 21% and the Milton/Harbeson/Broadkill Area, up 16%. The areas with the largest decrease are the Angola/Long Neck/Millsboro Area, down 5% and the Dagsboro/Millsboro Area, down 4% from last year to date.
Your Loan Application Checklist
When you apply for a loan, the lender will require the answers to certain questions and for you to provide specific documents. This is to make certain you’re put into the correct loan product, FHA, VA, Conventional, or other.
1. What is the selling price and address of the home you’ve chosen? Provide a copy of the signed purchase agreement, if applicable.
2. How much money are you planning to use as a down-payment?
3. Where does the down-payment originate? Is it from savings, a gift or a loan?
4. How long do you plan to occupy your new home? The lender will show you appropriate loan products between fixed rates, adjustable rates or a hybrid of the two.
5. What is your anticipated closing date?
In addition, all lenders will require the following documentation:
– Your Social Security number, to run your credit scores
– Your address and contact information for your employer of the past two years
– W-2s for the past two years and current paycheck stubs
– Bank and savings information, including printed bank statements for the past six months
– Revolving debt and loan accounts, and monthly obligations such as child support.
– Personal assets such as a stock portfolio, CDs, other property, and 401ks.
– Certificate of Eligibility and DD-214 (for veterans only)
– Tax returns with 1099s for the past two years and current balance sheet for self-employed applicants.
If you haven’t chosen a home yet, getting pre-approved in advance will save you a lot of time and guesswork.
Have You Seen Our Commercials?!
