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When the going gets tough, the tough buy assets

When the going gets tough, the tough buy assets and Real Estate is one of your best assets. People might go bankrupt, companies can go out of business, but real estate is always a solid investment. Its not a short term investment, but over the long term, real estate will generally pay you a solid return on investment. The price of a home [...]

From Lewes to Milton

Who bought homes in Milton, Delaware in 2008? There are new residentswho moved from New Jersey, Maryland, Pennsylvania and other states. They are attracted to the small town atmosphere, the location and the choice of both new homes and historic homes. Some of the nicest homes right in town howeverwere bought by locals who moved here from [...]

From Lewes to Bridgeville

At a recent Lewes Chamber meeting, I had a chance to talk with Alex Pires, the owner of Highway One. For those of you who are not yet familiar with Coastal Delaware, Alex is Chairman of the Board and one of the founders of Community Bank. He is also the owner of Jimmy's Grille in Bridgeville and owns the large parcel of land across the [...]

What a weekend for home sales in Delaware

Home at Independence

The Buyers and their agents were everywhere the weekend of January 19, 2009. Was that the beginning of the recovery?

Despite the rather cold and cloudy weather, there was a full house everywhere we went. At one point that weekend, I was at Nassau Grove, Independence and Bay Crossing. The good news is that all three were busy and there was an [...]

Low Taxes not enough to move to Delaware

Delaware is Tax Friendly

Are lower taxes enough of a reason to relocate? Maybe not, but it can be the main motivating factor for many Boomers who are preparing for retirement. If you live in New Jersey, a state with one of the highest sales taxes or New York, one of the 5 least tax-friendly states, Delaware is worth a look. Delaware ranks a low 47th when [...]

The Holidays in Lewes

Kathy and Bill at the RE/MAX office in Lewes

One of the great things about having your office right in the heart of town is having a front row seat for the Christmas Parade. This year, despite a slight drizzle, the parade was a fun event. Clients stopped in all night long to warm up and enjoy refreshments and camped out on the sidewalk in front of the building to enjoy the floats and [...]

Low Interest Rates create Buyer Opportunity

Low Interest Rates plus Inventory = Buyer Opportunity

The good news for buyers keeps getting better. Today we learn that the interest rate could drop even further for home buyers. The rate being discussed, as low as 4.5%, would only apply to home purchases, not refinancing an existing home. We don't know much more than that, but we do know [...]

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