delaware real estate: The Housing Market Watch in Kent County Delaware
- 11/14/09 01:56 AM
According to TREND, the tri-state MLS system, the market watch for Kent County is still showing a slight buyer's edge, but with a miniscule pendulum swing towards being a seller's market. In September, the average sold price was $196,200 with 126 homes sold. October edged up slightly to an average of $208,600 with 123 homes sold. This reflects a decrease in the number of sales, but an increase in the average home price; one indicator of the market shifting back to the seller's advantage. The current mid-month average is now $198,000 with 36 homes still pending for November, for a projected 70 units to be sold. … (0 comments)
delaware real estate: Poised to Meet Gen-Y, Head On in Delaware
- 11/13/09 08:27 AM
We are about to embark on a whole new community of home shoppers, the new generation of homeowners; Generation Y. As approximately 74,000,000 people born between 1980 and 1995 begin to enter their prime of home ownership, as a REALTOR, I am prepared to meet the challenge and meet their demands. As the Baby Boomers, like myself, and Gen X'ers settle into their homes and lifestyles, this new wave of market savvy buyers will create a whole new set of directions for each of us. This new wave of buyers are all too familiar with all the modern tools of communication that Baby … (0 comments)
delaware real estate: Does Delaware Owe You Money?
- 11/10/09 08:29 AM
The annual unclaimed escheat funds list will soon be released naming about 85,000 owners of unclaimed revenue in Delaware. The Delaware Division of Revenue releases this list every year and includes unclaimed money, stocks, bonds, wages, dividends, interest, etc. As required by statute, the money is reported to the state escheator by corporations and other sources. Since Delaware is the state of incorporation, most large companies are incorporated here and they report abandoned funds to the state. The funds, if not claimed, are turned over to the State of Delaware, often times amounting to several hundred thousand dollars. If you feel you may have funds … (0 comments)
delaware real estate: Federal Tax Credit; New Version
- 11/08/09 03:12 PM
President Obama signed an expanded version of the $8,000 first-time homebuyer tax credit. The previous version was due to expire November 30th. This newer version may stimulate the housing market even further than the last since this version qualifies more buyers. The tax credit remains at $8,000 for homebuyers that have not owned a primary residence in the past three years and it also includes a $6,500 credit for homebuyers that have lived in their primary residence for 5 consecutive years out of the past 8 years. Under the old version, those simply moving up the housing chain did not qualify, now they may. The tax credit will … (0 comments)
delaware real estate: Delaware Electric Co-op Members to Get Credit
- 11/07/09 10:54 AM
For those 77,000 members of the Delaware Electric Cooperative, you should be receiving a credit refund. Since you are owners of the co-op, you share in the margins, otherwise known as profits. The co-op strives to keep rates as low as possible, so when there are profits, they go back to the consumer. This year, there is $1.5 million in margins that will be credited to the owners- you! If you are a current member and have a credit of $100 or more, then you will receive a check. If your credit is under $100, the amount will be credited to your December … (2 comments)
delaware real estate: A Giving Soul in Delaware
- 11/07/09 04:23 AM
How often do we wonder about the people that tirelessly give of themselves to give back to the community? Let me tell you about one such angel amongst us that goes about his business in a quiet and humble way in order to help feed the homebound and hungry in Millsboro Delaware. The gentleman's name is Nick Varrato. Nick is a full-time REALTOR with Keller Williams Realty at the Beach in Lewes, Delaware. As busy as his life may be as a REALTOR, every Thursday morning without fail; rain or shine, Nick can be found at the church hall on Morris … (2 comments)
delaware real estate: Defective Drywall in Your Home?
- 11/06/09 05:10 AM
With the recent news about defective drywall made in China, how can a homeowner detect if their home has this insidious material? According to the Consumer Product Safety Commission, there is no positive test to detect this drywall. There are however, some common homeowner tests you can do to see if you have it installed throughout your home. First, contact your builder and see if they can advise you where they purchased your drywall or if they know the brand name of the drywall they installed. If this does not yield the results you need, here are some simple checks you can … (2 comments)
delaware real estate: A Huge Sale up in Smoke
- 11/04/09 11:37 AM
How unfortunate for the seller, the buyer, the buyer's agent and myself to have lost a huge sale due to heavy cigarette odor in the house. The majority of buyers find this to be an immediately objectionable environmental issue to overcome. How many times have you walked into an otherwise lovely home, only to discover the smell wafting throughout is not the remnants of the dinner's aroma, not the lovely fresh picked flowers sitting so peacefully on the mantle, not the soft candle scent burning on the counter top, and not grandma's fresh baked chocolate chip cookies sitting so tantilizing on a plate on … (3 comments)
delaware real estate: Delaware Receives Free Smoke Detectors
- 10/31/09 08:15 AM
All Delaware fire stations will again offer free smoke detectors and replacement batteries to residents that visit from 9 a.m. to 3 p.m. Saturday, Oct. 31. Delawareans can receive free smoke detectors or replacement batteries, along with fire prevention information, when they visit. Anyone requiring assistance installing smoke detectors is encouraged to ask fire department personnel to help them.The smoke from a residential fire can overpower someone in as little as two minutes, especially while asleep. Working smoke detectors are an essential early warning device in the event of a fire. Residents need to understand the importance of having working smoke … (3 comments)
delaware real estate: Delaware's Energy Efficiency is Growing
- 10/30/09 03:38 AM
Delaware was recognized on Oct 21st by the American Council for an Energy-Efficient Economy as the most improved state in energy efficiency policy and programs. According to an all-state scorecard from the council, Delaware was the most improved state, leaping from 32 in the nation last year to 20 this year. Delaware Governor, Jack Markell, said "We're pleased to be recognized... as the most improved state and to join other states in the list of top-20 performers with respect to energy efficiency." He also went on to say this will create jobs and improve industry growth. This, in combination with the state's new push towards wind turbine use and other sustainable energy programs, … (0 comments)
delaware real estate: Low income families in Delaware get an added boost
- 10/26/09 08:38 AM
The U.S. Department of Health and Human Services sent $10.6 million to Delaware out of a $2.6 billion coffer to help low income families with their heating bills during the winter months. Health and Human Services Secretary, Kathleen Sebelius said these funds are granted to states under the federal Low Income Home Energy Assistance Program (LIHEAP.) "Each year, LIHEAP helps more than five million low income households deal with energy costs," said Carmen R. Nazario, assistant secretary for children and families. "We will continue to work with Delaware to assure their heating assistance programs work effectively." Los Departamento de Salud y Servicios Humanos envió 10,6 millones … (1 comments)
delaware real estate: Kent County Delaware Water Treatment Plant Makes it National
- 10/25/09 03:23 AM
As reported by the Kent County Levy Court, the October 2009 edition of Treatment Plant Operator magazine featured Kent County's Wastewater Treatment Plant. The magazine is a national trade publication for municipal and county wastewater operations. The article focuses on Kent County's water treatment advancements which resulted in the plant winning the Environmental Protection Agency's (EPA) Operations and Maintenance Award for Advanced Large Plants in 2007. Its standing is a model plant for wastewater operators from around the world. Plant operators from around the world, such as Brazil, South Africa, Germany, Bulgaria, Saudi Arabia, and Russia have visited the plant to learn more about Kent County's Wastewater … (0 comments)
delaware real estate: Farmers Loan Limits Increase in Delaware
- 10/24/09 07:44 AM
The U.S. Department of Agriculture's Guaranteed Loan Program has increased its loan limit to $1,112,000, effective Oct. 1, 2009. Each year, the National Agricultural Statistics Service adjusts the limits based on the Prices Paid to Farmers Index. The loan program allows farm credit lenders to extend credit to qualified applicants who might not otherwise meet lending criteria. The Farm Service Agency (FSA) offers a Direct Loan Program as an alternative for those unable to obtain financing from a commercial lending source. Direct farm loans are government-funded and made by FSA. Farmers interested in applying for a direct loan should contact their local FSA office. … (1 comments)
delaware real estate: Wind Turbine Power in Lewes Delaware
- 10/24/09 05:49 AM
As I previously blogged, wind power is the wave of the future when it comes to green energy production. It's an inevitability that will serve communities with clean, cheap, electricial energy. This past week, the University of Delaware launched it's turbine project with Gamesa Corp, a Madrid Spain company. Wind power is an excellent source of energy, and for those with available land and good prevailing winds averaging 11 to 13 miles per hour, this could be a great investment. Typically, a 2-megawatt turbine provides enough electrical energy to power approximately 500 homes. The University of Delaware College of Earth, Ocean, and Environment will … (1 comments)
delaware real estate: Home Selling in Today's Delaware Market
- 10/22/09 10:34 AM
Are you thinking about selling your home, but you're afraid you won't get out of it what you feel it's worth? Here are some hard facts you need to reconcile in your mind. Today's real estate market is not what it was last year, the year before, or the year before that. Today's market is a buyer's market and many home owners feel they are taking it on the chin when it comes time to sell their pride and joy. A home that commanded a hefty price 3 or 4 years ago, will not garner the same market price today. Unfortunately, you … (0 comments)
delaware real estate: Delaware, A Cyclist Friendly State!
- 10/21/09 03:55 AM
Besides being a terrific place to live and work, with terrific communities, low taxes, no sales tax, low (and I mean low) property taxes, Delaware now has another bragging right to add to its attactiveness.According to the Department of Transportation, Delaware is one of the most bike-friendly states in the nation. We are now ranked number 9, up from number 31 last year. The ranking program, run by the League of American Bicyclists, ranks states according to their accomodations to cyclists. "It is good to see that more Delawareans are getting out of their cars and onto their bikes," said Gov. Jack Markell. … (2 comments)
delaware real estate: Lewes DE Plantation Road Residents Say No, No, No!
- 10/19/09 12:49 PM
For those familiar with Plantation Road in Lewes and Rehoboth Beach Delaware, the two lane residential area that runs behind the business complexes on the Route 1 corridor needs to remain residential. A planned 22,500 square foot medical complex is not a welcome addition to the upscale neighborhood. Plantation Road is a well used road for locals, keeping residential traffic away from Coastal Highway. The proposed complex would impede the traffic flow of the 11 subdivisions found in the immediate area. Setting a conditional use precedence in the area would open the door for further commercial zoning and development and would run contrary to … (0 comments)
delaware real estate: Mortgage Fraud Protection Act in Delaware
- 10/19/09 10:43 AM
As reported in the Delaware Cape Gazette and as a follow-up from my previous post: Delaware Gov. Jack Markell signed legislation on Oct 6th to protect Delaware homeowners who are at risk of foreclosure. House Bill 232 clarifies that companies that offer to negotiate modifications of secured debts are subject to provisions of the Mortgage Rescue Fraud Protection Act. This Act prevents companies from charging exorbitant up-front fees to homeowners in foreclosure in order to negotiate with loan servicers or lenders."Homeownership is good for families' personal finances, and it's good for our economy," Markell said. "It is important that we help homeowners stay in their homes and protect their most … (1 comments)
delaware real estate: Foreclosure Mediation Program in Delaware
- 10/14/09 05:08 AM
The Delaware Mediation Program Steering Committee announced an administrative directive establishing the Residential Mortgage Foreclosure Mediation Program. This program allows homeowners to participate in a court mediation process with their lenders to find an agreeable alternative to foreclosure action. The state reconizes that many families did everything the right way, but still felt the recessionary pinch. This program will help families stay in their homes and will help ebb the flowing tide of foreclosures and reduce the glut in the REO market. The Residential Mortgage Foreclosure Mediation Program gives homeowners who are behind on their mortgage payments an opportunity to meet with a U.S. Department of Housing and … (0 comments)
According to TREND, the tri-state MLS system, the market watch for Kent County is still showing a slight buyer's edge, but with a miniscule pendulum swing towards being a seller's market. In September, the average sold price was $196,200 with 126 homes sold. October edged up slightly to an average of $208,600 with 123 homes sold. This reflects a decrease in the number of sales, but an increase in the average home price; one indicator of the market shifting back to the seller's advantage. The current mid-month average is now $198,000 with 36 homes still pending for November, for a projected 70 units to be sold. … (0 comments)
;)
;)
