Rehoboth Beach Real Estate Blog - February, 2013

The Search for ACCURATE Real Estate Information

The other day Marc Davison, a good friend and founder of the marketing, design & strategy firm 1000watt, forwarded us a booklet released by Ford entitled 13 TRENDS FOR 2013. It is a must read for all businesses as it clearly states the thirteen consumer trends that will help business dominate 2013. However, we had one objection to something mentioned in the report.

In Chapter 12, they make the statement:

“The home-ownership dream is dissolving.”

Ford substantiates this claim by saying that

“Just 12% of whites between age 18 and 34 told Pew that owning a home was ‘one of the most important things’ in their life.”

We were so shocked by this assertion that we decided to research the claim. The citation at the back of the Ford publication…

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6 Tips For Buying An Older Home

Older Lewes homes sometimes offer more charm and character than the newer houses of today. They boast gabled roofs, crown moldings, hardwood floors and antique fixtures.

Buying an old house is like buying a piece of local history. Its beautiful period features can give it a timeless beauty and grace that is hard to resist.

However, buying a house from another era can be an endeavor fraught with potential problems. Older houses are not necessarily built to the same electrical or plumbing standards of today. Plus, if they have not been maintained correctly through the years, they can turn into a serious money pit or a potential hazard.

Here are six tips to keep in mind if you are considering buying an older home:

1. Always hire a professional real…

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Housing’s ‘Snowball Effect’ Not Likely to Melt Soon

The Weather Channel has nothing to do with it. What’s happening up in the ski resorts, likewise. The ‘snowball effect’ being discussed in print and on TV won’t soften anytime soon (even if the groundhog was right about winter being over.)

This is an economic snowball — one that’s gathering momentum following what CNN’s Money website describes as “the best year for U.S. real estate market in five years.” Businesses that stand to benefit from growth in the Rehoboth Beach housing market are watching closely.

The Wall Street Journal’s snowball report took form in last Monday’s Marketplace section, where the top headline read “Housing Recovery Opens Spigot…Makers of Products From Carpets to Air Conditioners Feel Effects of Rebound.”

It was even more…

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What's Ahead For Mortgage Rates This Week : February 4, 2012

Mortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed in Coastal Delaware and nationwide, rising to a 4-month high.

Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of closing costs.

There was plenty of news on which for rates to move last week.

First, the Federal Open Market Committee (FOMC) met and voted to hold the Fed Funds Rate in its current target range near 0.00 percent. The Fed also recommitted to purchasing mortgage-backed securities (MBS) and Treasury securities on the open market until such time as the national Unemployment Rate reaches 6.5%, or until inflation rates rise.

Then, Friday, it was…

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Coastal Delaware Living - Meet The Family

Have you ever found the ideal place to spend your retirement, but shied away because you don't have any family in the area to help you pick out your new home? Well, when it comes to Coastal Delaware living, you DO have family in the area. Mann & Sons, Inc have been helping people find homes in Lewes Beach and homes in Rehoboth Beach areas. Founded in 1984 by Betty Mann-Beebe, in 2001 her sons, Bob McVey & Bill Mann, joined the family-owned & operated business.

Our agents are local experts with many years of experience and are dedicated to finding you the ideal home for your needs at the best price. But this is not merely a transaction, all of our agents bring a dedication to personal service to their profession.

They won't waste your time with endless…

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Help Your Home Office Shine When Selling Your Property

With telecommuting continuing to rise, and with more jobs requiring after-hours attention, showcasing your home's "home office" can help it show better with a prospective home buyer. 

It's wise to have your kitchen, bedrooms and bathrooms show well, but a great-looking home office can make a huge impact and help you sell your home more quickly.

Here are a few tips to helping your home office shine:

Designate The Right Space

Whether it's a spare bedroom or a computer nook, specify a separate place at which business is done. Make sure the area has enough room to set up a desk, a chair, a computer and a printer without making it look messy or cramped.

Clean The Area

A clean and orderly home office shows better than a messy one. To help your home…

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Breaking Down The Federal Reserve Statement (January 2013 Edition)

The Federal Reserve's Federal Open Market Committee (FOMC) voted to maintain the Federal Funds Rate within its current range of zero to 0.25 percent, and to continue its current stimulus program of purchasing $85 billion monthly in Treasury bonds and mortgage-backed securities (MBS).

Citing weather-related events such as Hurricane Sandy and drought in the Midwest, the committee said in its statement that information received since its December 2012 meeting "suggests that growth in economic activity has paused in recent months in large part because of weather-related disruptions and other transitory factors."

Concerns over the then-looming fiscal cliff crisis may have also contributed to the economic contraction during the last quarter of 2012.…

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