Are Short Sales the Best Deal? - 04/30/12 12:42 PM
Buyers want to know where they can get the most bang for their buck when it comes to buying a home. Are short sales the answer?
 
Although the banks don't want to own real estate, which they will do if the short sale falls apart and the bank reacquires the property at Sheriff Sale, the banks also don't want to take low-ball offers on the property. The lender behind the short sale uses various methods to determine the value of the property and they won't go below a certain number.
 
I have gotten phone calls from Buyers who ONLY … (0 comments)

Disclose, Disclose, Disclose - 04/16/12 07:08 PM
Disclose, Disclose, Disclose  
 
It's Monday night and I'm setting up tours for the week, perusing the data base and checking disclosures for properties of interest. I'm amazed at the way some of them are filled out, particularly disclosures for properties I've toured where the Seller is most definitely aware of defects, yet they're not disclosed. I know they're aware because we noted things in feedback!

That document is one of the most important documents in the transaction, perhaps second only to the contract itself... at least here in Delaware. It's your "Get Out of Jail FREE" card. … (2 comments)

Buyer's Checklist - 04/16/12 11:12 AM
Buyer's Checklist . . . 
To help you navigate the path toward Settlement.
 
So you've made the offer to purchase, successfully negotiated the sale, now what? You have a contract to perform, so watch the dates by which certain steps need to take place. Be sure your Realtor, if you have one, has the dates firmly in mind, too.
Here's a general list of what lies ahead here in Delaware as you check off the days until Settlement.

 
Buyer’s checklist for Settlement:
o Make Formal application for your mortgage. You’ll pay the application fee.
o Home Inspection (and related inspections, Wood Destroying … (2 comments)

 
Monica-retouch Rainmaker_large

Monica Hill, Delaware Real Estate

Wilmington, DE

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RE/Max Associates

Address: 3302 Concord Pike, Wilmington, DE, 19803

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