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....
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Residential Real Estate
The pros and cons of having a tree
On Behalf of Tunnell & Raysor, P.A. | May 14, 2018 | Residential Real Estate
While many people in Delaware would like a home with a tree in the yard, this could be more trouble than it is worth. For instance, if the tree begins to rot, there could be a higher risk for extensive property damage or bodily injury. Furthermore, those that have...
The importance of listing a home at the right time
On Behalf of Tunnell & Raysor, P.A. | Apr 16, 2018 | Residential Real Estate
Those looking to buy or sell a home in Delaware should consider how the time of year influences the market. A market analysis by the real estate tracking website Zillow has identified May as the month when homes sell the fastest and demand the best prices on average....
What to avoid when looking for a home
On Behalf of Tunnell & Raysor, P.A. | Apr 4, 2018 | Residential Real Estate
Most Delaware homebuyers get pretty excited when they find a property they believe fits all of their needs. Upon further research, however, a property could be more of a nightmare than a dream home. One sign that a home may not be worth buying is if the price was...
What to know about the current housing market
On Behalf of Tunnell & Raysor, P.A. | Mar 19, 2018 | Residential Real Estate
The mortgage on a median-priced home in America is up 13 percent from the first part of 2017. This could make it more challenging for Delaware homebuyers this spring season. When a buyer takes taxes and other costs into account, a total mortgage payment can easily...
Residential real estate sales fall as mortgage rates rise
On Behalf of Tunnell & Raysor, P.A. | Mar 8, 2018 | Residential Real Estate
People in Delaware may be closely following trends in the residential real estate market as they look to purchase a home or relocate by selling their home and searching for a new residence. Across the United States, mortgage rates are rising, and it appears that fewer...
The commitment of buying a home together
On Behalf of Tunnell & Raysor, P.A. | Feb 20, 2018 | Residential Real Estate
Buying a home may be one of the most significant purchases a person makes. For Delaware couples who decide to purchase a home together, it can turn out to be more of a commitment than getting married. Engaged couples who decide that they no longer want to get married...
What to do prior to making an offer on a home
On Behalf of Tunnell & Raysor, P.A. | Jan 22, 2018 | Residential Real Estate
While buying a home may be an admirable goal, Delaware residents will need to prepare ahead of time to achieve it. For instance, it may be necessary for individuals to look at their budgets to determine how much home they can afford. They should look to see how much...
What to know about HECM reverse mortgages
On Behalf of Tunnell & Raysor, P.A. | Jan 8, 2018 | Residential Real Estate
Older Delaware residents may be interested in using a HECM reverse mortgage to purchase a house. The reverse mortgage itself will cover up to 60 percent of the purchase price, and buyers tend to liquidate assets to cover the remaining balance. There is a 2 percent...
What to know about selling a home during a divorce
On Behalf of Tunnell & Raysor, P.A. | Dec 28, 2017 | Residential Real Estate
Delaware residents may understand that moving can be quite stressful. The stress level may be amplified when the move is related to a divorce. In many cases, selling a home after the end of a marriage is like selling a house for any other reason. It is important that...
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