When a lender approves a mortgage loan, the approval is based on the borrower's debt ratio during the home loan process. The lender approves the loan with the understanding that the borrower has the down payment and closing costs already available. Placing the closing...
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Georgetown Real Estate Law, Personal Injury And Estate Planning Blog
Overview of real estate investment trusts
On Behalf of Tunnell & Raysor, P.A. | May 17, 2016 | Real Estate Transactions
Many Delaware residents think that they can't afford to get into commercial real estate investing because they don't have the capital to purchase a property outright. Smaller investors often turn to the stock market because it's seen as the easiest way to share in the...
Having a good real estate agent is important
On Behalf of Tunnell & Raysor, P.A. | May 6, 2016 | Residential Real Estate
When people are preparing to buy a home in Delaware, it is very important that they make certain they choose the right real estate agent. Like other professionals, not all real estate agents are the same, and some are simply much better than others.Real estate agents...
Technology to accelerate time from offer to closing
On Behalf of Tunnell & Raysor, P.A. | Apr 21, 2016 | Residential Real Estate
The future of residential real estate transactions in Delaware is expected to be influenced by the introduction and use of new technology by buyers, brokers and other participants. It is estimated that 92 percent of prospective buyers conduct at least part of their...
Homeowners may benefit from professional advice
On Behalf of Tunnell & Raysor, P.A. | Apr 8, 2016 | Real Estate Transactions
It is easy for buyers and sellers to forget that the purchase and sale of home can be a complex transaction. A Delaare homeowner can get caught up in the excitement of selling in order to move to a new location while buyers might be looking for their perfect dream...
Property deals to account for $1 trillion worldwide by 2020
On Behalf of Tunnell & Raysor, P.A. | Mar 25, 2016 | Real Estate Transactions
Delaware real estate investors and developers may soon enjoy a market that has an increased capacity for profit. According to some forecasters, the total value of real property transactions around the world will be greater than $1 trillion by 2020. Evolving market...
Botanic Garden in Delaware’s Sussex County moving forward
On Behalf of Tunnell & Raysor, P.A. | Mar 8, 2016 | Land Use And Zoning
Residents of Sussex County may be interested in learning about the proposed Delaware Botanic Gardens, which will be located near Dagsboro along Pepper Creek. Sources report the project is moving forward and that architects, developers and planners have now been...
Delaware microbrewery clears first zoning hurdle
On Behalf of Tunnell & Raysor, P.A. | Feb 25, 2016 | Land Use And Zoning
A potential West Rehoboth microbrewery has cleared its first zoning hurdle after the Sussex County Planning and Zoning Commission voted unanimously to approve its conditional-use application. A local youth center has openly opposed the plan.The microbrewery applied...
Real estate investing mistakes
On Behalf of Tunnell & Raysor, P.A. | Feb 12, 2016 | Real Estate Transactions
Some entrepreneurs in Delaware may decide to invest in real estate as a way to protect and grow their wealth. While real estate can be highly profitable for some, there are many people who lose money in bad real estate investments. Before purchasing a piece of land or...
The importance of lease agreements
On Behalf of Tunnell & Raysor, P.A. | Jan 29, 2016 | Landlord/Tenant Matters
When a dispute develops between landlords and tenants in Delaware, the lease agreement is generally the first document that is consulted. Tenants hoping to avoid such misunderstandings may wish to read lease agreements and accompanying documentation thoroughly before...
