Rehoboth Beach Real Estate

News & general information about Rehoboth Beach real estate & market conditions

There are currently 24 blog entries related to this category.

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

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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

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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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buying foreclosed homesWith the Fed having announced its intention to hold interest rates near 0% until at least mid-2015, even very cautious investors are recognizing that this provides a rare opening. If ever there were a time to start a real estate portfolio, it’s hard to imagine a better one.

For many, the first question is whether there is still an opportunity to buy foreclosed homes in the Rehoboth Beach area. That answer is yes – but the window of opportunity is fading as forclosure inventory has diminished.

Before we can develop your strategy, you first need to decide which type of real estate investor you wish to be:

The Fix-and-Flip Investor - This type of investor is handy (or has a lot of contacts who are), and is familiar with remodels and improvement

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There are advantages to buying a home during the winter months, aka "off season" here at the beach.

1. Less Competition. There is less competition from other buyers. Many buyers do not want to brave the icy roads where they live to venture south to the beach areas of Sussex County. This could translate into a good deal for you. 

2. More Time With Your REALTOR®.  Typically your Real Estate Agent is not as busy this time of year which translates into more time for you!

3. Ugly Ducklings. Some houses that are still on the market in January & February may have been on the market for a long time. This long market time could be for a variety of reasons including that the house was priced incorrectly or it could be that the house simply does not show

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Rehoboth Beach rental“High rental occupancy and rising rents” was how economic trend-watcher Kiplinger.com summed up 2012 – and as the nation counts down to the New Year, owners and future owners of Rehoboth Beach rental property are clearly anticipating more of the same. Experienced managers have some timely advice for first-time Coastal Delaware rental property owners as they prepare to lease in the coming year.

Rule #1 for attracting quality tenants, they say, is to be hard-nosed about offering a quality product.  Rentals are hot, but that doesn’t mean a property will rent itself – especially when the goal is to attract the kind of conscientious tenant who means a trouble-free income stream. 

Touch-up and trim renewal can be a quick, cost-conscious way to add appeal

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Rehoboth Christmas memorialWhen you visit any of the properties for sale in Rehoboth Beach this time of year, it’s likely you will notice a little extra sparkle.

The holiday touches may be variations on the icy blue-and-white color palette -- or dashes of silver brightening the traditional red-and-green decorations. If you’ve been reading the home décor magazines, you know how the leading trends this winter are all about glitz and glam: designer touches meant to brighten even the darkest winter day (remember, this year’s shortest day -- December 21 – is right around the corner!). Still, I always suspect that a little nostalgic holiday warmth can add the same kind of welcoming touch…without breaking the piggy bank!

If you are planning to join those with Rehoboth Beach properties for

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Rehoboth Beach CondosCondominiums in Rehoboth Beach continue to offer unique attractions for all kinds of homebuyers -- not least because of their often ultra-competitive price points. Nationally, condos continue to be real bargains -- statistics show them to continue to underperform the rest of the housing market, which translates into a tempting value proposition to home hunters with economy on their minds.

That local condos for sale may still offer top-notch value is, historically speaking, not a surprise. Often, condos are the first part of the market to register price drops (and slower than other segments to recover). The NAR confirms the national trend, with existing single-family home prices rising 10.2% from a year earlier, while existing condos’ and co-ops’ rose a

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When you search through the latest listings of Rehoboth Beach homes, you first find those that fit your top-line needs. Then you winnow down that list. Some of the candidates will seem more appealing than others; and some will seem to be over- or underpriced.

Before making a final judgment on which homes bear a closer look, the most successful homebuyers also factor in qualities that may not be at the top of their own personal priorities list, yet which make a difference to the majority of homebuyers. In other words, they keep in mind the most important qualities that add value in market terms – that add investment value to homes that are principally your personal residential choice. Some of the more important ones:

  • Location has a huge impact on
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Rehoboth Beach REO (Real Estate Owned by a lender) houses have been a substantial part of the real estate conversation for some time.  Whether or not we ever need to delve into an REO transaction ourselves, well-informed local homeowners are familiar with some of the basic terms that come up when REOs are discussed:

  • Arrears: a home that is delinquent on payments – being there is red flags a possible future foreclosure.
  • Decree (short for decree of foreclosure): the ruling that declares a property should be sold to pay its mortgage.
  • Default property: a home behind in payments to a mortgager. May describe a property in (or close to going into) actual foreclosure proceedings.
  • Power of Sale: a legal decree giving the mortgager or lien holder the
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