The housing market in Delaware and throughout the country is forecast to look different in 2019 compared to 2018. In 2019, the number of available homes is expected to increase while the number of buyers is expected to decrease. Mortgage rates are predicted to rise...
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Year: 2018
Why winter may be good for home sales this year
On Behalf of Tunnell & Raysor, P.A. | Dec 10, 2018 | Residential Real Estate
In most years, homes in Delaware tend to move slowly during the month of December. However, in 2018, that may not necessarily be the case. This is because many buyers are wary that interest rates are going to continue climbing throughout 2019. Currently, interest...
Negotiating the terms of a home purchase
On Behalf of Tunnell & Raysor, P.A. | Nov 28, 2018 | Residential Real Estate
There are many different items that can be negotiated when buying a home in Delaware or any other state. For instance, it may be possible for a buyer to ask a seller to contribute to the closing costs. Generally speaking, closing costs equal up to 5 percent of the...
Housing market likely to calm down for buyers
On Behalf of Tunnell & Raysor, P.A. | Nov 14, 2018 | Residential Real Estate
Increasing home prices have allowed current homeowners in Delaware and throughout the country to accumulate new wealth. However, for those who were looking to buy their first homes, the rapid appreciation was pricing them out of the market. Recently, increasing...
How to coordinate a sale and purchase at the same time
On Behalf of Tunnell & Raysor, P.A. | Oct 29, 2018 | Residential Real Estate
For many Delaware homebuyers, it's necessary to buy and sell a property at the same time. While this needs to be planned in advance, it can be done in a relatively smooth manner. It's generally easier to sell first before buying a new home. In such a scenario, it may...
Milford City Council approves zoning change for wellness village
On Behalf of Tunnell & Raysor, P.A. | Oct 17, 2018 | Land Use And Zoning
With the population aging in Delaware, the Milford City Council approved a nursing and rehab center proposed by Nationwide Healthcare Services. The center would anchor a wellness village that would lease spaces to multiple tenants like a child daycare center,...
Millennials bringing technology to real estate purchases
On Behalf of Tunnell & Raysor, P.A. | Oct 4, 2018 | Residential Real Estate
Millennial homebuyers in Delaware and other parts of the country are changing the way real estate purchases and transactions take place. It wasn't long ago that no self-respecting homebuyer would make a decision about a home without physically visiting the property....
Renting is becoming less expensive than buying for many
On Behalf of Tunnell & Raysor, P.A. | Sep 18, 2018 | Residential Real Estate
Those living in Delaware and many other parts of the country may find it less expensive to rent a property than to own one. According to a report from Realtor.com, the cost to buy a home increased 14 percent between July 2017 and July 2018. The cost includes taxes and...
How to sell a home for the best price
On Behalf of Tunnell & Raysor, P.A. | Sep 4, 2018 | Residential Real Estate
There are many items that Delaware residents should consider when it comes to selling their home. For instance, selling a home on a Wednesday or Thursday could help it sell for the best price or get it off the market the fastest. This is because people start making...
Why homes will not sell
On Behalf of Tunnell & Raysor, P.A. | Aug 20, 2018 | Residential Real Estate
Delaware residents who place their homes on the market should be prepared for the fact that their homes may not sell right away. Not every area in the country is a seller's market in which homes can receive multiple buying offers that are above asking price....