Those who own property in Delaware and throughout the country may sell their homes even if they owe money on their mortgages. Ideally, a homeowner will owe less on a home loan than his or her home is worth at the time of the sale. This is because the primary lender is the first to be paid when the sale closes. If there are any other home loans or lines of credit attached to the house, they will be paid off next.
Equity can play a role in timing a home sale
Reasons to sell a home during the winter months
Traditionally, the Delaware housing market is stronger during the spring than in winter. However, there are several reasons why it may be worth the time and effort to list a home while there is still snow on the ground. Oftentimes, buyers won't attend a showing when it's cold and dark outside unless they are legitimately interested in a property. Typically, those who are just looking will wait until the weather is nicer and more suitable for leisurely trips to various neighborhoods.
Pros and cons of buying the most expensive house on the block
Delaware house hunters may feel tempted to purchase the most expensive house in their favorite neighborhood. They do not necessarily want to do this in order to show off, but the most expensive house may be the house that they fall in love with. Before going through with the purchase, there are a few things they should understand.
