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Mann & Sons Inc

414 Rehoboth Ave Rehoboth Beach, DE, 19971
Office: 302-227-9477

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February 2013

Found 29 blog entries for February 2013.

Moving everything in your house to your new Rehoboth Beach home can be an overwhelming task. You never realize how much stuff you actually own until you try to fit it all into boxes and move it somewhere new.

Tackle the move head-on like a pro football team ... with a game plan (moving checklist). When you are packing up your things to relocate, here are some helpful tips to make your moving experience much easier:

Packing Tips Moving To Rehoboth Beach Home
Start Packing In Advance 

You don't have to wait until the day before you move to start packing everything in your house! As soon as you find out that you are moving, you can start packing the items you don’t often use, such as your seasonal decorations, photo albums and family keepsakes.

If you pack a few items per week, you’ll have

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Moving During Miserable WeatherIdeally, when you are moving to a new Rehoboth Beach home, you will want to do it on a pleasant and sunny day which makes everything much easier.

However, if you are moving in the winter, or an unexpected deluge shows up on your pre-arranged moving day, it can really dampen your enthusiasm and throw a wrench into your plans. It can also make you worry about your possessions being damaged as you move them into your new home.

Don't worry; it's still possible to move your possessions in the rain, snow or cold. All you need is a little bit of technique, forethought and planning.

Here are a few tips to keep in mind when you are moving on a day with terrible weather:

Dress For Success

Make sure everyone in the family is dressed warmly. You will be

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Rehoboth Beach Vacation Home

You would think that buying a Coastal Delaware vacation home would be pretty much like buying your primary home. After all, the technical processes are the same: first, you locate a suitable vacation home the same way you found your primary residence (most likely with the active help of a knowledgeable agent), then the offer, financing, documentation, etc.

In fact, there are basic differences. Appreciating how they affect your final choice can help you secure a Coastal Delaware vacation home that provides the advantages you set out for -- a memory-creating family getaway, investment value that builds wealth, or both.

Patience is a key virtue in getting the deal right. Financial experts from Bankrate suggest that vacation homebuyers are in ideal

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zwaanendael museum lewes delawareLewes is one of the thriving beach towns along Coastal Delaware, lately recognized as a retirement haven to rival Southern locales. In fact, few people beyond the East Coast realize that the Delaware Beaches enjoy a mild climate year-round: in January the average high is 45 degrees and the average low is 30; in July the average high and low are 87 and 70.

Many wonderful attractions in Lewes draw visitors and residents alike. Among the most famous are:

Cape Henlopen State Park—Besides the beautiful swimming beaches, of course, you’ll find great fishing supported by a fishing center that’s open 7 days a week from the late spring through the fall. The fishing center sells bait, tackle, food, and camping supplies, while also hosting demonstrations and

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Private Mortgage InsuranceHave you heard the term Private Mortgage Insurance (PMI) when looking to finance real estate in Rehoboth Beach or elsewhere? You may be wondering what PMI is and how you know when you need to purchase it. These answers can be hard to find among all the real estate jargon you might be hearing lately. 

Below is the short version of what you need to know. 

What is Private Mortgage Insurance?

Private Mortgage Insurance is an insurance premium required by some lenders to offset the risk of a borrower defaulting on their home loan. When you put down less than 20 percent of the real estate's purchase price, the lender will generally require that PMI is added to the loan. It is usually added into the monthly mortgage payment until the equity position in the

1,490 Views, 1 Comment

Short Sales in Coastal DelawareThere is a lot of misleading and incorrect information about short sales in Coastal Delaware. Many people don't have a clear understanding of the purpose of short sales or how they actually work.

Essentially, a short sale is when one sells their home for less than the balance remaining on the mortgage attached to the property. The proceeds from the sale are used to repay a pre-negotiated portion of the balance to settle the debt.

A short sale can be a solution for homeowners who really need to sell their home but owe more on the mortgage than the home is worth. Understanding the short sale process can help make the most out of a real estate sale.

Here are some common myths and why they are false:

A short sale damages one's credit record as much as

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Act Now on FHA LoansThe 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners.

The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the required mortgage insurance will be increased for the life of the mortgage. It basically doubles the amount of total MIP if the loan is paid to term.

Below is an example with a purchase price of $175,000 with 3.5% down payment at 4% mortgage rate on 30 year term.

FHA Changes in June 2013

Regarding the current MIP duration: When the unpaid balance reaches 78% LTV of original purchase, the MIP can be released. In any event though, the minimum time must be five

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List Coastal Delaware Home for Sale“Mansion” is the Wall Street Journal’s entry into the high-end real estate magazine world. Well, not quite a magazine — it’s an extra section they run on Fridays. It’s a nice diversion for those who want to read about really rich people selling their properties. More than that, it could actually be an important source of information if you decide to buy a vineyard in the middle of Los Angeles (Bel-Air, actually — that one was featured two weeks ago). 

It was another article that caught my eye on that Friday, though; one that dealt with a topic we agents have long debated. The article was headlined “THE BEST DAY TO LIST A HOME IS…”.  It summarized an elaborately executed study by a national brokerage revealing hard statistics on which day of the week is

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Confusion over Income TaxesOnce again, it’s that part of the year when we face tax preparation time. This whole process is  about as painful as any product you can find on the drug store shelf with the word, “Preparation,” written across it.

It’s especially difficult for people like me, whose idea of high finance is being able to locate the nearest ATM machine. We hear that there are big changes in the tax laws today. But if we look back in history, probably the basic premise is the same.

It goes like this, you work, sweat and toil as many hours as possible, give a portion of those earnings to the government and keep whatever is left over for things like patching the holes in the bottom of your shoes or the tent you are forced to list as your address. In fact, originally this

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When Will 2006 Home Values ReturnThere is a lot of optimism regarding house prices. The most recent Home Price Expectation Survey projects a 3% — 3.5% increase in values for each of the next 5 years. We concur that most parts of the country will see varying levels of appreciation over that time. However, we must realize that we will not see 2006 values any time soon.

Barclays’ U.S. residential credit strategy team recently predicted that 2006 values would return in 2021. From an article in DSNews:

“While the floor appears to have materialized, they stress that home prices are likely to recover slowly over the next 4 to 5 years.

“We expect on average a 3-4 percent annual increase in home prices [nationally] in coming years,” they said in an updated market outlook.

At that

1,718 Views, 1 Comment