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Residential Real Estate Archives

Housing prices are not going up everywhere

If real estate investors in Delaware only look at the national metrics for the U.S. housing market, they might come away with the false impression that houses are not affordable right now. Over the past three years, U.S. housing prices have increased by 17 percent. However, that statistic does not represent the housing prices for each individual market.

Online real estate listings

The availability of online real estate listings has transformed how real estate is bought and sold in Delaware and around the country. Too many people have unrealistic expectations derived from these listings, however. It is important for people to understand the shortcomings of listings so they can get a better idea overall.

Real estate brokers to face new online competition

The Internet has revolutionized many kinds of businesses in recent years, and Delaware residents are now able to shop for goods, pay their bills and compare vacation destinations online. The complex structure and highly regulated nature of U.S. residential real estate sales has made it difficult for online companies to enter the market in a meaningful way, and the Internet has largely become a tool for real estate brokers and agents to reach more prospective buyers and sellers.

Chinese investment in American residential real estate

Delaware residents may recall how some media outlets compared the 2014 purchase of the Waldorf Astoria Hotel in New York City by a Chinese investment group with the buying of iconic Manhattan real estate by Japanese companies in the 1980s. Japanese investors quickly abandoned American real estate when economic conditions in their home country deteriorated, and recent economic setbacks in China have sparked fears of an exodus of Chinese investment funds.

Importance of title insurance in real estate transactions

Many people in Delaware who are preparing to purchase a home may wonder why they need to bother with purchasing title insurance. People may especially think this small purchase is unnecessary when they are buying a home that has been owned by a single owner for many years. However, failing to purchase this insurance can be a big mistake.

Closing real estate deals requires experience

Delaware state law incorporates specific rules pertaining to how real property transactions may take place, and failing to follow them properly can jeopardize the validity of a deal. Factors like the nature of the property being sold, the type of compensation involved and other critical details can all impact the legality of agreements and the liability of the parties involved. At Tunnell & Raysor, P.A., we strive to help you gain a better understanding of such nuances and create a legally binding agreement that better fulfills your needs.

NAR: residential real estate sales down in Aug., but still strong

The National Association of Realtors is reporting a slight slowdown in home sales took place nationwide in August. However, the group, which represents real estate agents in Delaware and across the country, believes that the picture is a mixed bag, and actually positive when it comes to first-time homebuyers.

Real estate disclosure laws do not always include past deaths

When selling a house in Delaware, the law requires you to disclose certain things about the property to the buyer. Examples include whether there is radon in the home, and whether the property has any “material defects.” This is meant to prevent fraud in the real estate market.