Increasing home prices have allowed current homeowners in Delaware and throughout the country to accumulate new wealth. However, for those who were looking to buy their first homes, the rapid appreciation was pricing them out of the market. Recently, increasing...
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Georgetown Real Estate Law, Personal Injury And Estate Planning Blog
How to coordinate a sale and purchase at the same time
On Behalf of Tunnell & Raysor, P.A. | Oct 29, 2018 | Residential Real Estate
For many Delaware homebuyers, it's necessary to buy and sell a property at the same time. While this needs to be planned in advance, it can be done in a relatively smooth manner. It's generally easier to sell first before buying a new home. In such a scenario, it may...
Milford City Council approves zoning change for wellness village
On Behalf of Tunnell & Raysor, P.A. | Oct 17, 2018 | Land Use And Zoning
With the population aging in Delaware, the Milford City Council approved a nursing and rehab center proposed by Nationwide Healthcare Services. The center would anchor a wellness village that would lease spaces to multiple tenants like a child daycare center,...
Millennials bringing technology to real estate purchases
On Behalf of Tunnell & Raysor, P.A. | Oct 4, 2018 | Residential Real Estate
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....
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...
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