Potential homeowners in Delaware often believe that they must have 20 percent of the total sale price available for a down payment in order to purchase a property. Given the prices of real estate, this figure can seem to put homeownership well out of the reach of many...
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Year: 2018
Buying a home while student debt is a factor
On Behalf of Tunnell & Raysor, P.A. | Jul 26, 2018 | Residential Real Estate
Student loan debt is a significant financial burden for many people in Delaware and across the country, and the weight of this debt can prevent people from taking steps like buying a home. Around the United States, there are over 44 million people who owe a total of...
Low supply and high demand driving up home prices
On Behalf of Tunnell & Raysor, P.A. | Jul 10, 2018 | Residential Real Estate
People shopping for homes in Delaware are likely to encounter rising home prices. A nationwide imbalance between the numbers of sellers and buyers has acted to increase listing prices and shorten the time that available homes spend on the market. A report produced by...
Ways homebuyers can protect themselves
On Behalf of Tunnell & Raysor, P.A. | Jun 25, 2018 | Residential Real Estate
When buying a home in Delaware, it is important to put in as many safeguards as possible. For instance, at an open house, buyers should ask for a seller's property disclosure. It will list everything that the seller knows is wrong with the home or was built without...
What to consider when buying a home
On Behalf of Tunnell & Raysor, P.A. | Jun 12, 2018 | Residential Real Estate
Those who are currently renting in Delaware may long to be homeowners. Considering the current state of the housing market, however, it could make more sense for renters to put off making a home purchase. Those who are interested in buying a first home should make...
An overview of closing costs for homebuyers and sellers
On Behalf of Tunnell & Raysor, P.A. | Jun 1, 2018 | Residential Real Estate
Homebuyers in Delaware often focus on the prices listed for properties, but price alone does not represent the total amount that a person will spend when purchasing a home. Numerous fees, insurance premiums and commissions create what are known as closing costs....
The pros and cons of having a tree
On Behalf of Tunnell & Raysor, P.A. | May 14, 2018 | Residential Real Estate
While many people in Delaware would like a home with a tree in the yard, this could be more trouble than it is worth. For instance, if the tree begins to rot, there could be a higher risk for extensive property damage or bodily injury. Furthermore, those that have...
Purchasing short sales
On Behalf of Tunnell & Raysor, P.A. | May 1, 2018 | Real Estate Transactions
Delaware residents who are interested in real estate investments might want to consider short sales. These transactions involve the owners selling their properties for less than the amounts that they owe and can offer the potential for good profits.People who are...
The importance of listing a home at the right time
On Behalf of Tunnell & Raysor, P.A. | Apr 16, 2018 | Residential Real Estate
Those looking to buy or sell a home in Delaware should consider how the time of year influences the market. A market analysis by the real estate tracking website Zillow has identified May as the month when homes sell the fastest and demand the best prices on average....
What to avoid when looking for a home
On Behalf of Tunnell & Raysor, P.A. | Apr 4, 2018 | Residential Real Estate
Most Delaware homebuyers get pretty excited when they find a property they believe fits all of their needs. Upon further research, however, a property could be more of a nightmare than a dream home. One sign that a home may not be worth buying is if the price was...