Buying a home can be exhilarating – and a little intimidating. For many people, the purchase of a home will be the single biggest financial transaction of their lives. It’s also a deeply emotional decision, and the consequences of a mistake can be devastating. That’s...
Residential Real Estate
At what point does the risk of loss pass to a home buyer in Delaware?
On Behalf of Tunnell & Raysor, P.A. | May 10, 2022 | Real Estate Transactions, Residential Real Estate
Purchasing a home is a lengthy and complex process, often spanning several months. Part of doing your due diligence is taking into consideration all possibilities that could have a negative effect on your investment. While highly unlikely, it may still be on your mind...
What can I do if I am facing foreclosure?
On Behalf of Tunnell & Raysor, P.A. | Mar 31, 2022 | Residential Real Estate
For several reasons, the number of mortgage foreclosures nationwide has dropped in recent years. Still, Delaware has seen its share of them. Delaware’s foreclosure numbers may return to 2019 levels since government programs providing temporary foreclosure relief...
When boundary disputes threaten neighborly coexistence
On Behalf of Tunnell & Raysor, P.A. | Dec 3, 2021 | Residential Real Estate
Boundary disputes are often a source of stress that can go on for many years between neighbors, or even cause property owners to move away. Property lines may not be clear, and the property description or plat map inaccurate. But problems with boundary lines may never...
In a seller’s market, even the fixtures may go
On Behalf of Tunnell & Raysor, P.A. | Jul 30, 2021 | Residential Real Estate
It is truly a seller’s residential real estate market these days and some Delaware homeowners selling their home are taking advantage of this. Not only may their asking price be well above market price, but some sellers are taking things to the extreme and are taking...
Title dispute? Consider a quiet title action
On Behalf of Tunnell & Raysor, P.A. | Apr 27, 2021 | Residential Real Estate
Acquiring property is a momentous occasion. It’s a significant milestone in a person’s life and creates generational wealth. However, the excitement can quickly turn to consternation if someone else claims title to the property. Unfortunately, title disputes are not...
Sellers must provide property defects and condition to buyers
On Behalf of Tunnell & Raysor, P.A. | Jan 20, 2021 | Residential Real Estate
A home purchase or sale is one of the largest transactions a person can make. It is helpful to know that Delaware law provides guidelines for buyers and sellers involved in residential real estate transactions. Material defects When residential real estate is sold,...
Is it legal to reject an offer to buy my home?
On Behalf of Tunnell & Raysor, P.A. | Sep 3, 2020 | Residential Real Estate
There are many factors that go into a homeowner's decisions to accept or refuse an offer to buy. However, some sellers in Delaware might be worried that they have to accept the first offer they receive, even if the amount falls short of what they are hoping for. While...
Common residential real estate mistakes to avoid
On Behalf of Tunnell & Raysor, P.A. | Aug 20, 2020 | Residential Real Estate
A new homeowner's worst fear might be discovering something seriously wrong soon after buying a house. This could be a physical defect with the property or financial issues related to the mortgage and budget. However, home buyers in Delaware can potentially avoid this...
When might earnest money not be refundable?
On Behalf of Tunnell & Raysor, P.A. | Jun 12, 2020 | Residential Real Estate
Ready to buy a home in Delaware? Those who are need to be prepared to put down earnest money to get the house taken off the market in order for it to be appraised and inspected before the sale goes through. Just be careful when agreeing to pay earnest money, as it may...
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