Found 3 blog entries tagged as purchase.

Oceanfront CondosPurchasing an oceanfront condominium for full time residency or investment property should not be done on a whim. The financial considerations should be studied and weighed before making such a purchase. Each party has its obligations.

For you, can you afford the monthly maintenance fees without stressing your wallet in the event your rentals are on the slow side? Can you afford a condo facelift every five years or so to freshen up your place to make it a desirable unit? 

For the condominium, do you have sufficient insurance coverage in place in the event of a catastrophic event, such as a hurricane? Does the condominium have adequate reserves to repair roofs, pave parking lots and paint the buildings when it’s needed? 

Here are 5 tips to purchasing…

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When you have survived a career loss or made it through a foreclosure, it can take a while before you have picked yourself up and dusted yourself off. At that point, you may have been momentarily relieved to find that you have a lot of company. Nevertheless, sooner or later, it’s time to bounce back.

One of the universal hurdles almost everyone in this position faces is how to go about stepping up to secure their next home. One of our Rehoboth Beach rentals is always a choice, but for many, an unsatisfying one. As always in any other than boom times, cash is king -- and if you don’t have it, your options are limited.  Today’s would-be buyers who lack funds for a down payment (or have a credit deficit) do sometimes have another alternative: a lease…

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Lewes Delaware Real Estate has become rather popular of late. Once you have made the decision to purchase your home, your next decision is usually how much you are willing to spend to purchase the home. In deciding on that purchase price one must consider what the costs of owning and maintaining that home will be.

Consider ALL Closing Costs: When calculating your closing costs remember to budget all items not just those associated with the legal work. Remember to include such items as the appraisal, termite, and home inspections. Depending on the location and age of the home other inspections such as radon and lead based paint inspections could be prudent.   

Taxes: While Delaware offers home owners some of the lowest real estate taxes in the country,…

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