Millennial homebuyers in Delaware and other parts of the country are changing the way real estate purchases and transactions take place. It wasn't long ago that no self-respecting homebuyer would make a decision about a home without physically visiting the property....
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Residential Real Estate
Renting is becoming less expensive than buying for many
On Behalf of Tunnell & Raysor, P.A. | Sep 18, 2018 | Residential Real Estate
Those living in Delaware and many other parts of the country may find it less expensive to rent a property than to own one. According to a report from Realtor.com, the cost to buy a home increased 14 percent between July 2017 and July 2018. The cost includes taxes and...
How to sell a home for the best price
On Behalf of Tunnell & Raysor, P.A. | Sep 4, 2018 | Residential Real Estate
There are many items that Delaware residents should consider when it comes to selling their home. For instance, selling a home on a Wednesday or Thursday could help it sell for the best price or get it off the market the fastest. This is because people start making...
Why homes will not sell
On Behalf of Tunnell & Raysor, P.A. | Aug 20, 2018 | Residential Real Estate
Delaware residents who place their homes on the market should be prepared for the fact that their homes may not sell right away. Not every area in the country is a seller's market in which homes can receive multiple buying offers that are above asking price....
Mortgage insurance and down payments
On Behalf of Tunnell & Raysor, P.A. | Aug 6, 2018 | Residential Real Estate
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...
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....
