Sussex County Real Estate Matters – Affecting Seaford, Georgetown, Lauel, Milton, Delmar, Bridgevil
An on going discussion for buyers, covering the current real estate market, trends and patterns and what to do to get your best price on your dream home.
Happy Valentine’s Day! Fred’s Pick of the Day is MLS # 592833. A huge ranch home, 4BR,3BA, in 4028 sq. ft. in Seaford, DE is now only $339,000. The home sits on 7.58 acres and is bank owned. Call me if you want to see it, @ 302 258-6983. Fred
Today’s food for thought from Horace Porter: “A mugwump is a person educated beyond his intellect.” “I wonder how many mugwumps we have in Congress.” Fred
this scenario appeals to you, Canary Creek, a new development by NVHomes in Lewes, Del., may be your next destination. Canary Creek residents can walk to shops and restaurants in Historic Lewes and ride bikes to the beach or to Cape Henlopen State Park. The Cape May-Lewes Ferry links Delaware with the Victorian charms of Cape May, N.J., for a day trip into the past.
Resort living: Town, detached homes in Lewes
By Michele Lerner SPECIAL TO THE WASHINGTON TIMES
Thursday, February 2, 2012
NVHomes is building 70 town homes and 30 single-family homes at Canary Creek in Lewes, Del. The town homes range in size from 1,983 to 2,023 square feet and are priced from $299,990 to $319,990. The Pebble Beach end-unit town-home model is priced from $319,990.
Winter blues hitting you hard this year? Maybe it’s time to consider purchasing a getaway vacation home, someplace near the ocean and yet in a charming town with plenty of appeal even when the weather isn’t cooperating with a beach day.
If this scenario appeals to you, Canary Creek, a new development by NVHomes in Lewes, Del., may be your next destination. Canary Creek residents can walk to shops and restaurants in Historic Lewes and ride bikes to the beach or to Cape Henlopen State Park. The Cape May-Lewes Ferry links Delaware with the Victorian charms of Cape May, N.J., for a day trip into the past.
Lewes has antique shops, art galleries and a wide variety of restaurants as well as the beach, plus residents can explore other nearby beaches and towns, including Bethany and Rehoboth.
Lawn care is included in Canary Creek homeowners association dues of $106 per month, enabling residents to spend carefree weekends whenever they visit.
NVHomes is building 70 town homes and 30 single-family homes at Canary Creek. The single-family homes, which range in size from 2,068 to 2,223 square feet, are base-priced from $349,990 to $369,990. The town homes, which range in size from 1,983 to 2,023 finished square feet, are base-priced from $299,990 to $319,990.
NVHomes is offering up to $20,000 in free options on the town homes and up to $22,500 in free options on the single-family homes for cash buyers and those who finance their purchase with NVR Mortgage.
The single-family homes each have two finished levels with a first-floor master suite, hardwood flooring in the foyer, 10-foot ceilings, 42-inch maple cabinets and a pantry in the kitchen, 2½ baths, a pedestal sink in the powder room, three bedrooms and a two-car garage.
The town homes each have three bedrooms, 2½ baths, 9-foot ceilings on the first floor, 42-inch kitchen cabinets, a pedestal sink in the powder room, a one- or two-car garage, and a stone or brick front to grade.
The Pebble Beach town-home model, priced from $319,990 is an end-unit home with a two-car garage. This model features a foyer entrance leading past a storage closet and powder room to the dining room and a spacious great room with a sloped ceiling. The main level also has a center-island kitchen with a breakfast area and a closet for a washer and dryer. Buyers can add a bay window to the breakfast area, a sunroom off the great room and a corner fireplace.
The main level also has a master bedroom with an optional tray ceiling, a walk-in closet and a private full bath with an oversized shower and a double-sink vanity. Buyers can add a soaking tub and separate shower. Upstairs are a loft overlooking the great room, two more bedrooms, a full bath and a storage room.
The Bornquist single-family-home model, priced from $369,990, has 2,223 square feet. This home has a foyer with a tray ceiling, a great room with two walls of windows and an open kitchen with a breakfast bar and an adjacent breakfast area. Buyers can add a bay window, a fireplace, a screened porch and a great-room extension to this part of the home. Nearby are a formal dining room with an optional bay window and a laundry room.
The main level also has a master-bedroom suite with a tray ceiling, a double-size walk-in closet and a luxury bath with a soaking tub and separate shower. Buyers can add a master-suite sitting room. This level has two more bedrooms and a second full bath.
Upstairs is a bonus room or optional fourth bedroom with a third full bath. The lower level can be finished with a recreation room, a home office, a bath, several storage rooms and a media room.
CALL ME TO ARRANGE A TOUR OF THIS AWESOME COMMUNITY! CONNIE COOPER 302 841-4185
This week, I had the opportunity to show some properties in the community of River’s End in Seaford.
CLICK ON PICTURE FOR DETAILS & MORE PICS!
This week, I had the opportunity to show some properties in the community of River’s End in Seaford. River’s End is a very prestigious community – one where many professionals, including doctors and attorneys, reside. One of the homes that I showed is a beautiful 4 bedroom, 3 1/2 bath Colonial with hardwood floors, stone fireplace, two garages, etc. It is situated on a gorgeous 1.99 acre wooded lot. When I finished my tour of this incredible home, I realized what a steal this is going to be to a very lucky buyer!
If you are looking for a beautiful home in an upscale community, look no further! This is the home for you! Are you going to be the lucky buyer????
Call me for your personal showing – Connie Cooper 302 841-4185.
“The median monthly mortgage payment of about $700 has fallen to about the level of a median monthly rent check,” an article at MSNBC.com notes about Diggle’s analysis. “If mortgage rates keep falling and rents keep rising, the equation will tip even further toward owning.”
More Buyers Ready to Get Off the Sidelines?
DAILY REAL ESTATE NEWS | TUESDAY, JANUARY 24, 2012
When you compare the cost of owning a home to renting, you’ll find that buying may soon make more sense, Paul Diggle, a housing economist at Capital Economics, told MSNBC.com.
Diggle’s analysis of the housing market showed a 33 percent drop in home prices, record-low mortgage rates (with 30-year fixed-rate mortgages available under 4 percent now), and a 15 percent rise in rents since the housing market turned sour are making more consumers take a closer look at buying.
“The median monthly mortgage payment of about $700 has fallen to about the level of a median monthly rent check,” an article at MSNBC.com notes about Diggle’s analysis. “If mortgage rates keep falling and rents keep rising, the equation will tip even further toward owning.”
Case in point: Diggle says that a buyer who purchases a median-priced home and stays there for at least seven years would likely come out ahead by about $9,000 than if they chose to rent for those seven years. Diggle’s calculations factor in rents continuing to rise 3 percent a year, and housing prices staying flat for the next two years before rising in 2014.
But while more Americans may be motivated to buy, many still can’t, Diggle notes. Home owners who lost their home to foreclosure may be forced to wait on the sidelines before owning again, other Americans may not have a 20 percent down payment that more lenders are wanting, lack a high credit score to qualify for the best financing, or have steady employment.
Source: “Home Buying Could Soon Beat Renting,” MSNBC.com (Jan. 23, 2012)
LET THE PROFESSIONALS AT COOPER REALTY ASSOCIATES HELP YOU FIND YOUR NEW HOME! CALL US!!
LEWES – 302 644-2266| SEAFORD – 302 629-6693| GEORGETOWN – 302 856-6434
Many times, I meet people who don’t understand the steps needed to become a homeowner. Consequently, they continue to throw away much of their hard earned money on renting their home.
Many times, I meet people who don’t understand the steps needed to become a homeowner. Consequently, they continue to throw away much of their hard earned money on renting their home. They are unable to take advantage of the tax benefits that comes from being a homeowner. As tax time nears, it’s time for all of you home renters to learn about the steps you can take to become a homeowner.
Click on this link to get started: On my way to HOME OWNERSHIP!!
Once you see the steps, you will realize that you can achieve your dreams of owning your own home! Then, call the “Aggressive Professionals” at Cooper Realty. We will help you find your first home!!
Lewes – 302 644-2266 | Seaford – 302 629-6693 | Georgetown – 302 856-6434
Many of the Lewes beach homes in Breakwater are located near the playground for children or grandchildren to enjoy. Take full advantage of the walking trails as you wander around Breakwater, enjoying its many ponds that border the luxurious houses for sale. Lewes is famous for Cape Henlopen State Park as well as the nearby Junction and Breakwater Walking and Biking Trail.
Breakwater offers homes for sale in Lewes, Delaware, creating a unique, lifestyle designed to take advantage of its resort location just around the corner from the historic harbor, shopping district and beach.
Located between the town and the sea, Breakwater features magnificent amenities including a spacious, fully equipped fitness center, with walls of windows that overlook the outdoor pool deck. You’ll love the full, 25-yard, six-lane, lap pool with two slides, a baby pool with a whale shaped slide, a hot tub and an outdoor kitchen. Many of the Lewes beach homes in Breakwater are located near the playground for children or grandchildren to enjoy. Take full advantage of the walking trails as you wander around Breakwater, enjoying its many ponds that border the luxurious houses for sale. Lewes is famous for Cape Henlopen State Park as well as the nearby Junction and Breakwater Walking and Biking Trail. The picturesque path meanders along the Breakwater community, connecting Lewes, Delaware homes to neighborhoods in Rehoboth Beach, providing views of beautifully preserved farms and wetlands.
Discerning buyers who seek presitgious Lewes Delaware real estate opportunities will appreciate Breakwater, with its unrivaled location east of Rt. 1, combined with upscale amenities and precision-built home construction. Breakwater offers homes for sale in Lewes, Delaware in a community known for quality, location, and beauty!
Amenities Complex
Breakwater offers Lewes homes for sale with unparalleled amenities. The spacious outdoor leisure area includes a full, 25-yard, six-lane, lap pool with two slides, a baby pool with a whale shaped slide, a hot tub, an outdoor kitchen and a nearby playground for children or grandchildren to enjoy.
Fitness & Wellness Center
Breakwater features houses in Lewes within walking distance of the community’s state-of-the-art fitness center. The fully equipped workout facility showcases the latest weight lifting equipment, ellipticals, bikes, and treadmills, each with flat screen TVs. Walls of windows overlook the fantastic outdoor pool and leisure area.
INCENTIVES FOR BREAKWATER
Single Family Home Buyers Receive $50,000 off the Base Price PLUS $45,000 off Options
Twin Home Buyers Receive $40,000 off the Contract Price for the Next Two Sales – then Incentive is Reduced to $30,000
I recently visited a brand new community being developed in Lewes. NV Homes is building single family homes and spacious villas in the community of Canary Creek.
I recently visited a brand new community being developed in Lewes. NV Homes is building single family homes and spacious villas in the community of Canary Creek. During my visit, I was impressed with the quality of construction, the location of this community, the low-maintenance lifestyle being offered, and the affordability of the homes. You can walk to shopping and dining in downtown Lewes, and you can bike to the beach and Cape Henlopen State Park.
For more information on this amazing opportunity, give me a call. Canary Creek has just what you are searching for.
Connie Cooper – Cooper Realty Associates, Lewes, DE 302 841-4185/ connie@team-cooper.com
There are currently 37 properties in Sussex County that qualify for this program. The properties range from $15,000 to $749,000 in price. There are properties in The Peninsula, Lewes Beach, Rehoboth Beach, The Villages at Five Points and other areas.
NEIGHBORHOOD STABILIZATION PROGRAM FUNDS AVAILABLE
Now is your chance to take advantage of the funds made available for home purchases through the Neighborhood Stabilization Program.
What is Neighborhood Stabilization Program (NSP)?
The U.S. Department of Housing and Urban Development’s (HUD) new Neighborhood Stabilization Program (NSP) provides assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The NSP provides grants to every state and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. For the State of Delaware NSP, HUD provided $19.6 million to Delaware State Housing Authority (DSHA). DSHA, in turn, has allocated funds from the $19.6 million to local jurisdictions through a competitive process based on need and on each applicant’s proposed impact statewide.
There are currently 37 properties in Sussex County that qualify for this program. The properties range from $15,000 to $749,000 in price. There are properties in The Peninsula, Lewes Beach, Rehoboth Beach, The Villages at Five Points and other areas.
If you have been waiting for a bargain, NOW IS THE TIME!! Call Connie Cooper at Cooper Realty Associates 302 841-4185. I am very knowledgeable about how this program works, and I can help you every step of the way.
CLICK HERE TO VIEW SOME OF THE PROPERTIES CURRENTLY AVAILABLE FOR PURCHASE THROUGH THIS PROGRAM.
In case you’ve been considering the purchase of a short sale property in the Lewes, DE, now is the time to buy!!
In case you’ve been considering the purchase of a short sale property in the Lewes, DE, now is the time to buy!! There are many bargains to be had!! Click on the link below to see some examples of what you could “steal” in this market. After you have looked them over, call me! I have had excellent results with finding my buyers properties that are priced well below market value. Give me a call, so that I can help you find yours!!
Connie Cooper – Cooper Realty Associates 302 841-4185
“After falling to a 13-year low during the second quarter, the homeownership rate posted a highly unexpected rise in the third quarter, according to a Census Bureau report.”
There have been a growing number of reports announcing the death of American homeownership over the last two years. Some have said we are evolving into a rental society and even challenge the long standing belief that homeownership should be a part of the American Dream. They look at the falling rate of homeownership as proof of their point. Others say that the younger generations no longer see the value in owning over renting.
However, this past week, two news items might refute these points. First, DSNews reported the homeownership rate actually increased in the last quarter; the first quarterly increase in two years.
“After falling to a 13-year low during the second quarter, the homeownership rate posted a highly unexpected rise in the third quarter, according to a Census Bureau report.”
Then, Fannie Mae released their 2011 3rd Quarter National Housing Survey. We will cover this report in more detail on Wednesday. But we do want to mention a few findings the report highlighted. Both Generation Y (birth date mid-1970s to mid 1990s) and Generation X (birth date mid 1960s to mid 1970s) have stronger beliefs in the importance of homeownership than those of the general population.
Here are the numbers for the three major reasons to buy (as per the survey) with the percentage who believe in each reason:
Call Cooper Realty Associates to help you enjoy the dream of homeownership!!
302 629-6693/302 644-2266/302 856-6434
I am very proud to introduce my newest listing. This is a 3 bedroom, 2 bath single family home in the community of Plantations East in Lewes, Delaware. It is the lowest priced single family home in the community.
I am very proud to introduce my newest listing. This is a 3 bedroom, 2 bath single family home in the community of Plantations East in Lewes, Delaware. It is the lowest priced single family home in the community. Experience the luxury of living near the beach, tax-free shopping, gourmet dining and everything that Lewes has to offer!
CLICK HERE TO CHECK OUT THE INFORMATION ABOUT THIS FABULOUS HOME AT THE BEACH!
Then, call Connie Cooper to schedule your private showing 302 841-4185. You will be glad you did!!
Mortgage rates continued to hold their ground this week, as housing market indicators showed consumer confidence is soft, housing prices are flat and new home sales rose from their very low levels, Freddie Mac’s chief economist said on Thursday.
By Amy Hoak, MarketWatch
Mortgage rates continued to hold their ground this week, as housing market indicators showed consumer confidence is soft, housing prices are flat and new home sales rose from their very low levels, Freddie Mac’s chief economist said on Thursday.
READ ENTIRE ARTICLE HERE Then, call Cooper Realty Associates to help you find your new home! We have lots and lots of bargains in Lewes, Rehoboth Beach, Milton, Seaford, Georgetown, Laurel and all over Sussex County and Kent County Delaware. Whether you are looking for single-family, new construction, condo/townhomes, beach front property, farms, or commercial real estate, we have what you are looking for. We also have an inventory of short sales and foreclosures in Delaware. Give us a call and let the “Aggressive Professionals” go to work for you!
Seaford office – 302 629-6693/Georgetown office – 302 856-6434/Lewes office – 302 644-2266
If you have any questions about purchasing a home with a VA loan or if you already have one and are considering a refinance of it because of the low interest rates, reach out to your favorite mortgage professional and explore the possibilities. There has never been a better time!
Effective November 17, 2011, the costs associated with getting a VA mortgage are going DOWN!
An overview: VA mortgages are bundled, securitized and sold in the secondary market with the backing of the Federal Government. In order to insure these mortgages, the government charges a type of insurance premium, called a VA Funding Fee, which is typically added to the loan amount (thereby financed).
If you have any questions about purchasing a home with a VA loan or if you already have one and are considering a refinance of it because of the low interest rates, reach out to your favorite mortgage professional and explore the possibilities. There has never been a better time!
CALL COOPER REALTY ASSOCIATES!! WE WILL HELP YOU FIND YOUR NEXT HOME!
302 644-2266
If you are in the market for an affordable property in the Delaware beach areas of Rehoboth Beach and Lewes, Delaware, then you definitely need to check out these short sale properties.
If you are in the market for an affordable property in the Delaware beach areas of Rehoboth Beach and Lewes, Delaware, then you definitely need to check out these short sale properties. Rehoboth Beach and Lewes are the most popular beach locations in Delaware. Live close to the best tax-free shopping, gourmet restaurants, resort activities and outstanding medical services that the area has to offer.
Click Here to view these amazing properties, and then call me for your personal showing. I am very experienced in the short sale process (as a matter of fact, I just settled one today), and I can help you buy a bargain at the beach!!
Connie Cooper – Cooper Realty Associates 302 644-2266/302 841-4185.
If you’re at a time in your life where it makes sense to invest some time and effort into optimizing your credit score, there are five common credit myths that will help you.
Anyone who has tried to purchase anything on credit knows about the importance of having a good credit score. It’s important to become educated on the factors that affect your credit score. Don’t wait until you actually apply for a mortgage, re-fi, or even rent a home. If you’re at a time in your life where it makes sense to invest some time and effort into optimizing your credit score, there are five common credit myths that will help you.
Author ~ Connie Cooper – Cooper Realty Associates
Have you ever wondered what price range is the most popular range searched by home buyers? This report by the most popular real estate search site, REALTOR.COM, reveals a state-by-state list of the most popular price ranges that were searched by consumers.
See where your state falls in the list!
CLICK HERE FOR THE ENTIRE REPORT
If you are looking for a wonderful home in a beach community, then check out this home in Henlopen Landing!! Henlopen Landing is located just 5 minutes from Lewes Beach.
If you are looking for a wonderful home in a beach community, then check out this home in Henlopen Landing!! Henlopen Landing is located just 5 minutes from Lewes Beach. Enjoy tax-free shopping, gourmet dining, low property taxes and all that this resort location has to offer. This home features 5 bedrooms, full basement (partially finished with 2 bedrooms and a rough in for a bathroom), fenced in backyard, sunroom, great room w/gas fireplace and much more!! This community offers a community pool and a club house with a fitness center!
CLICK HERE FOR PROPERTY INFORMATION AND 24 PICTURES!
Call Connie Cooper at Cooper Realty Associates to schedule your personal showing of this wonderful home 302 841-4185.
Couple wanting to retire to North Carolina are offering an opportunity to own a 3 bedroom/1 bath home with 10.25 acres. Come utilize all the fruit trees to harvest and gardens to grow your favorite vegetables like, peas, all kinds of beans, blackberries, strawberries, tomatoes; just as they have enjoyed and taken care of for years. This home also has a chicken house converted to a workshop, a 2 car garage, both w/elec. All this for only $164,900. (MLS #587842) Call Steve Taylor for more information 302 745-7473.
Finding the right agent is one of the toughest parts of the home buying process for most consumers, but they all have an idea of what they’re looking for. Knowing what home buyers look for in a real estate agent helps me to anticipate their needs, which is why I make it a point to stay current on these important issues.
What do buyers look for in a real estate agent?
Finding the right agent is one of the toughest parts of the home buying process for most consumers, but they all have an idea of what they’re looking for. Knowing what home buyers look for in a real estate agent helps me to anticipate their needs, which is why I make it a point to stay current on these important issues. The Trulia staff recently sat down with a user group to discuss what they look for when hiring a real estate agent. Want to know what they had to say? Read their post on the top 5 answers, and then call Connie Cooper at Cooper Realty Associates 302 644-2266. I am THE RIGHT AGENT, and I promise to provide you with honest, knowledgeable, professional, and individualized service.
Author~ Connie Cooper
After several years of pain, the latest statistics from the Mortgage Bankers Association point to a housing market on the mend.
HOUSING CRISIS: A SIGN THAT THE WORST IS OVER
After several years of pain, the latest statistics from the Mortgage Bankers Association point to a housing market on the mend.NEW YORK (CNNMoney) — The mortgage delinquency picture is getting brighter, according to an industry report released Thursday, with falling delinquency rates indicating the housing crisis may be at the beginning of its end.
A quarterly release from the Mortgage Bankers Association revealed that mortgage payment problems eased during the first three months of 2011 for every category of default.
“These numbers point to a mortgage market on the mend,” said Jay Brinkmann, MBA’s chief economist. “Foreclosure starts are at the lowest level since the end of 2008 and had the second largest drop ever. The percentage of loans somewhere in foreclosure is down from last quarter’s record high and also had one of the largest drops we have ever seen.”
He noted the improved performance of loans issued during the years 2005 through 2007, many of which were of the toxic, subprime variety. Those were the mortgages that, he said, “drove the market collapse.” They still accounted for 65% of all delinquencies last quarter, even though they represent just 31% of loans outstanding.
Those loans are performing better now, mostly because many of the worst loans have already been purged from the system through foreclosure, and the remaining ones are now past the age when mortgages usually default.
That, combined with the much stricter underwriting standards for newer mortgages, has improved overall credit quality, and delinquencies should continue to drop.
Even in their improved numbers, the delinquency statistics may be overstating the problem, according to Brinkmann.
He said massive problems in local markets may dominate national data, obscuring the positive trends happening elsewhere. Florida, for example, accounted for nearly a quarter of all homes in foreclosure during the quarter and 23% of loans there are in some stage of delinquency.
“The state has more homes in foreclosure than 22 states have loans,” said Brinkmann. “That’s why I don’t put too much stock in the national numbers. The problem states have too much impact on them.”
The overall national decline comes despite continuing delays in processing foreclosures stemming from the “robo-signing” scandal in which banks were accused of mishandling legal paperwork.
As a result, foreclosures take longer to work through the system, so they show up in delinquency rates quarter after quarter. In New York, for example, the average length of time between a first missed payment and the final bank repossession is now more than two years.
In Florida, according to Brinkmann, many attorneys no longer handle foreclosure cases; the banks are having trouble finding attorneys to foreclose. If they can work through this problem, delinquency rates could decline faster.
Meanwhile, the nation’s continued, albeit slow-motion, economic recovery is also providing some relief. There’s a close correlation between unemployment and mortgage payment problems. Not only are people with jobs more able to make their mortgage payments than unemployed borrowers, but hiring itself boosts consumer confidence and, ultimately, housing markets.
“People with jobs feel they’re less likely to lose them [when they see other people being hired],” said Brinkmann.
That makes them more likely to form new households and buy homes. Some of those homes they buy are in foreclosure, which clears those properties out of delinquency reports such as this one.
The light at the end of the foreclosure crisis tunnel may still be some distance off, but at least it’s visible again after years of doom and gloom.