Year: 2019

Typically, a person in Delaware can back out of a home purchase after an offer has been accepted. However, when and how someone can rescind an offer depends on how the contract was structured. It also hinges on whether all parties have signed the document. If it has,...

Most homebuyers in Delaware take out a mortgage loan from a bank to complete their purchase. After all, very few people can buy a house in cash outright. The traditional mortgage period stretches over 30 years at a fixed interest rate. However, there are also options...

When purchasing a home, one of the things Delaware residents have to consider is whether they want to make their mortgage payments biweekly or monthly. If the mortgage payments are made biweekly, the mortgage payoff date will be earlier, and the total interest costs...

The process of buying a home in Delaware or any other state may depend on a variety of factors. Those factors may include a buyer's ability to get a loan and find a home in a timely manner. It can then take about 30-45 days to close on a deal after the seller accepts...

There can be many advantages to buying a home close to the water in Delaware. Of course, there can also be many downsides to having a home in such a location. While the views may be beautiful, the cost to buy a home will be higher than in other parts of a town or...

For real estate professionals in Delaware and throughout the country, the summer months are a busy time of year. This is because most buyers and sellers want to have a transaction concluded before the start of the new school year. However, there are a few tips that...

A lack of security measures could result in fraudulent real estate transactions in Delaware or any other state. In many cases, a scammer will learn about a transaction after hacking an email account or by otherwise obtaining unauthorized access to an online account....

The financial crisis caused many people in Delaware and across the country to lose their homes to foreclosure or short sale. It was especially devastating for those with sub-prime mortgages in communities that were part of the "housing bubble." Now that it has been...

Young people in Delaware and throughout the country would have a home as opposed to a vacation or dream wedding. According to a survey from Bank of America, 59 percent of those between the ages of 18 and 23 say that they will buy a home within five years. This would...

Between 2008 and 2012, it was not uncommon to see a home being sold through a short sale. Since then, short sales have become less common as the economy and housing market and become more stable. However, those who purchase a home through a short sale may be able to...