On Behalf of Tunnell & Raysor, P.A. | Sep 20, 2017 | Residential Real Estate
The U.S. home ownership rate is currently at 63.7, which is one of the lowest numbers in American history. It has become increasingly common for Delaware residents and others to rent instead of buy. According to a survey of 2,000 Americans, 71 percent said that this...
On Behalf of Tunnell & Raysor, P.A. | Sep 7, 2017 | Residential Real Estate
In 2016, 30 percent of first-time home buyers were people between the ages of 52 and 70. Although it may be possible for older Delaware residents to buy a home, it may not necessarily be the best decision. First, older buyers need to make sure that the home they buy...
On Behalf of Tunnell & Raysor, P.A. | Aug 23, 2017 | Residential Real Estate
Many Delaware residents are planning to buy their first home this year. However, as they approach this exciting milestone, there are several things that they should keep in mind to make sure things go as smoothly as possible. The first thing people should do is...
On Behalf of Tunnell & Raysor, P.A. | Aug 9, 2017 | Mortgages
Although the change is unlikely to be immediate, in the years ahead, Delaware residents who are seeking a home mortgage may be able to do so with lenders who use alternatives to FICO in determining credit scores. The bill is cosponsored by a Republican and Democratic...
On Behalf of Tunnell & Raysor, P.A. | Jul 28, 2017 | Residential Real Estate
When people want to sell their homes in Delaware, the law requires that they make certain disclosures to the buyers. Delaware's disclosure law is designed to benefit buyers while also providing protections to sellers. It is important for sellers to understand their...
On Behalf of Tunnell & Raysor, P.A. | Jul 12, 2017 | Residential Real Estate
Delaware homeowners who are struggling to keep up with mortgage payments often have questions about foreclosure. Specifically, many homeowners wonder whether it is possible to sell a home once the process has begun. Typically, the homeowner retains the right to sell...
On Behalf of Tunnell & Raysor, P.A. | Jun 30, 2017 | Mortgages
Online banking has made the days of writing dozens of checks each month to cover household expenses a distant memory for many Delaware residents, and they can now use the internet to buy or sell real estate. Several companies already allow consumers to submit mortgage...
On Behalf of Tunnell & Raysor, P.A. | Jun 20, 2017 | Landlord/Tenant Matters
If a tenant in a Delaware residential property fails to pay rent, a landlord may have many options to either demand that it be paid or terminate the rental agreement. At any time after rent is due, a landlord may issue a written demand for payment. If the past due...
On Behalf of Tunnell & Raysor, P.A. | Jun 2, 2017 | Residential Real Estate
Experts are reporting that the majority of millennials in Delaware and across the country don't have enough money to afford a new home down payment. The millennial generation, which remains one of the hardest hit by the financial recession, continues to struggle with...
On Behalf of Tunnell & Raysor, P.A. | May 18, 2017 | Residential Real Estate
Delaware residents who are thinking of investing in real estate may wonder about the choice between residential and commercial types. While buying residential properties has some benefits, it may be more beneficial to purchase commercial properties for several...
