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...
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Residential Real Estate
A general timeline when buying a home
On Behalf of Tunnell & Raysor, P.A. | Jun 24, 2019 | Residential Real Estate
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...
What to expect when buying waterfront property
On Behalf of Tunnell & Raysor, P.A. | Jun 12, 2019 | Residential Real Estate
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...
Selling a home during the busy season
On Behalf of Tunnell & Raysor, P.A. | May 29, 2019 | Residential Real Estate
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...
Minimizing fraud during a real estate transaction
On Behalf of Tunnell & Raysor, P.A. | May 13, 2019 | Residential Real Estate
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....
People who lost their homes returning to homeownership
On Behalf of Tunnell & Raysor, P.A. | Apr 30, 2019 | Residential Real Estate
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...
Youngest adults want to be homeowners
On Behalf of Tunnell & Raysor, P.A. | Apr 15, 2019 | Residential Real Estate
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...
A guide to buying a short sale property
On Behalf of Tunnell & Raysor, P.A. | Apr 4, 2019 | Residential Real Estate
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...
Selling a home during a divorce
On Behalf of Tunnell & Raysor, P.A. | Mar 18, 2019 | Residential Real Estate
Many divorcing people in Delaware often wonder what to do with the marital home. One option is for someone to buy out his or her spouse and keep the home for him or herself, which is sometimes done to maintain stability for children. Another popular solution is for...
How to avoid paying too much for a home
On Behalf of Tunnell & Raysor, P.A. | Mar 5, 2019 | Residential Real Estate
Home buying is a complex process in Delaware and around the country. One of the biggest hurdles for a buyer is getting a seller to agree to his or her offer price. According to a 2019 report from NerdWallet, 45 percent of buyers paid more than the asking price on a...