Are You a Distressed Home Owner? Don't be Embrassed --Take Action!
Posted by Susan Giove on
It’s a sign of the times!
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.
But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.
The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And…
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There 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.
“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).
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.
Since the real estate market is beginning its rebound, maybe you've finally decided to make that retirement condominium purchase. But you've got a few years left until retirement day and would like to offset some of the costs of ownership. Consider putting your Rehoboth Beach condominium on the vacation rental market until you're ready to make the move.
You don’t have to be on the verge of retirement to begin thinking about the nuts and bolts of your future living arrangements. There is more to it than just adjusting your monthly budget. For many people who are winding up their full-time working lives, a governing decision – one that will affect countless others – is whether to buy a home, continue in one you already own, or to rent.
Buyers’ agent, sellers’ agent. In every Coastal Delaware real estate transaction, the differences are easy to understand, right? Not quite.