In the past, almost every person who sold a home in Delaware used a real estate agent to do it. Sellers understood why the expertise of a real estate agent was important, and real estate agents could charge a standard commission fee without any haggling. Today, real...
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Year: 2016
Home sales and market recovery in 2016
On Behalf of Tunnell & Raysor, P.A. | Jul 29, 2016 | Residential Real Estate
Delaware homeowners interested in selling their houses could benefit from the 2016 housing market rebound. Sales of single-family homes in the United States are at their highest point since the 2008 housing bubble burst. The Commerce Department explained that sales...
Delaware law follows the lien theory mortgage doctrine
On Behalf of Tunnell & Raysor, P.A. | Jul 13, 2016 | Mortgages
Most Delaware residents who take out a loan to buy a home or other piece of real estate will refer to the financial arrangement as a mortgage, but that term really applies to the interest that the lender has in the property rather than the loan itself. The mortgage...
Investing in real estate is no longer time-consuming
On Behalf of Tunnell & Raysor, P.A. | Jun 30, 2016 | Residential Real Estate
Delaware residents who are building a retirement portfolio might view commercial real estate as an overly complex investment. Purchasing a property, developing it and renting it to tenants can take a lot of time, not to mention capital. All of the responsibilities...
Trends in residential real estate
On Behalf of Tunnell & Raysor, P.A. | Jun 16, 2016 | Residential Real Estate
Some Delaware residential real estate investors may have attended the National Association of Real Estate Editors' 50th annual conference. Professionals from the real estate industry got together to talk about some of the trends that are having an effect on real...
Buyer tips for navigating the residential property market
On Behalf of Tunnell & Raysor, P.A. | Jun 2, 2016 | Residential Real Estate
The purchase of a home is often the largest financial transaction entered into by Delaware residents. Since the agreement to make regular mortgage payments regardless of future changes is binding, it makes sense to study the process by paying close attention to the...
Overview of real estate investment trusts
On Behalf of Tunnell & Raysor, P.A. | May 17, 2016 | Real Estate Transactions
Many Delaware residents think that they can't afford to get into commercial real estate investing because they don't have the capital to purchase a property outright. Smaller investors often turn to the stock market because it's seen as the easiest way to share in the...
Why credit cards cannot be used in Real Estate transactions
On Behalf of Tunnell & Raysor, P.A. | May 17, 2016 | Real Estate Transactions
When a lender approves a mortgage loan, the approval is based on the borrower's debt ratio during the home loan process. The lender approves the loan with the understanding that the borrower has the down payment and closing costs already available. Placing the closing...
Having a good real estate agent is important
On Behalf of Tunnell & Raysor, P.A. | May 6, 2016 | Residential Real Estate
When people are preparing to buy a home in Delaware, it is very important that they make certain they choose the right real estate agent. Like other professionals, not all real estate agents are the same, and some are simply much better than others.Real estate agents...
Technology to accelerate time from offer to closing
On Behalf of Tunnell & Raysor, P.A. | Apr 21, 2016 | Residential Real Estate
The future of residential real estate transactions in Delaware is expected to be influenced by the introduction and use of new technology by buyers, brokers and other participants. It is estimated that 92 percent of prospective buyers conduct at least part of their...