I was working with a wonderful couple that was looking for a retirement home here in Coastal Delaware. They had just retired, their family home was for sale, and Kathy was working with them to find a new home. Well, they found the perfect home and applied for a mortgage. Everything had been planned out very carefully and they had no doubt [...]
"We're #1!" or "The Top Selling Community" are the headlines and billboards that scream for attention. If Builder X is the top selling builder, that's where you should go .. or is it? Sometimes the top seller is the national organization with the largest marketing budget and the best trained sales force. Occasionally the best selling [...]
Do You Click?
Do you know how to find the information you need while surfing the Internet? When you get an email newsletter with interesting information do you know how to recognize links and how to click through to find the "rest of the story" or to "Read More"? I received an email newsletter that I subscribe to the other day and right [...]
You can buy a new home using an FHA Reverse Mortgage and there are so many potential advantages for those over the age of 62, especially for the self-employed. Let me explain -
Normally when you apply for a mortgage, your credit score and your income determine the amount of money you can borrow to purchase a home. Then, of course, the home [...]
Do you know the difference between "land lease" and "fee simple"? I never did until I got into real estate and moved to Delaware. In a land lease community, you buy the house but you do not own the land on which it sits. You pay a monthly or annual fee to rent the lot from the owner of the community. Even though this makes the home more [...]
Is a new home on your holiday list this year? Conventional wisdom will tell you -
The holidays are a bad time of year to go house hunting!
1. Interest Rates are low but they are beginning to creep up again. 2. Home prices are low and there are deals on both new and inventory homes. 3. [...]
Is the glass half full or half empty? That all depends on who you are and whether you are ready to buy now or sell. "Sometimes you're the bat and sometimes you're the ball." If you're a buyer today, this is your turn to be the bat. If you bought in 2005, you had your chance to be the ball; next time maybe you'll be the bat!
I read with interest this article in [...]
In Delaware, the Buyer chooses the settlement attorney and the attorney represents the Buyer, not the Seller. If the Seller wishes to retain their own counsel, they may do so, but you should not give up your right to representation by your own attorney In new construction, it has become common practice for some builders to form a [...]
I received an email with some corrections to an earlier post on this blog that I wanted to share with you here:
Lennar was not the sole original developer. Heritage Shores was developed by Passwaters LLC which was a partnership of Brookfield Homes and Lennar. Brookfield Homes remained and assumed 100% ownership when Lennar left. Providence
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Whats the best deal in a 55+ community like Heritage Shores? Is it a to-be-built home? Or is it one of the resale homes on the market right now? Consider that construction began at Heritage Shores, one of Coastal Delaware's first active adult communities, at the end of 2005, the peak of the housing market. Targeted to the retiring Baby [...]
