FISHERMAN/BOATER'S DELIGHT! Desirable location in park where you can dock your boat right across the street from your home! Large modified singlewide with new windows, furnace and huge 30x12 screened porch. Eat in kitchen and lots of space for friends/family.
Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
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Buying Sussex County real estate has long been one of the preferred ways to save for retirement, so the attraction of merging it with IRA benefits adds a tax dimension. In its own right, buying real estate in Millsboro as an investment combines the security of owning a physical asset with the relatively predictable income flow a rental property produces. And if Stan Humphries (Chief Economist at Zillow) is correct, in 2014 prices are expected to cap last year’s 5% gain by rising a further 3%. Put it all together and it’s clear why some retirement-minded people think that buying Millsboro real estate in an IRA is an attractive proposition.
Self-directed Investment Retirement Accounts are largely similar to other IRAs. They allow investments to grow on a tax-deferred basis until retirement time. They differ by allowing a broader range of investment options—qualified by some specific restrictions.
Self-directed IRAs are required to be administered by licensed investment professionals designated as “custodians.” They make sure that all the i’s get dotted and the t’s get crossed when the account is funded (either by depositing cash or moving funds from an existing 401(k) or IRA). They also mind the specifics regarding the types of investments that are allowed. Investments in land, buildings, commercial and residential real estate are typically green-lighted as long as you are not buying real estate that you, your business, or related parties will ever use.
The rental income and other profits that are earned by a real estate investment must be retained within the IRA account, just as expenses must be paid from it.
Buying real estate in Millsboro in a self-directed IRA isn’t always the perfect vehicle to hold all of your real estate investments. The limitations on who can rent a property plus the paperwork requirements mean that it may not be suitable in some scenarios. But when used appropriately, it provides many forward-thinking investors an attractive tax-free retirement investment—your financial advisor’s input will help you make that decision. And for more ideas about buying real estate in Sussex County as an investment, call/text 302-228-7871 or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.
Consumer confidence certainly seems to wax and wane in a not-totally-predictable manner. What does seem clear is that when the future is cloudy, Sussex County homebuyers tend to tighten up their purse strings. It’s logical: if you can plan ahead with a greater degree of certainty, you feel better about making the kind of commitment buying a Sussex County home entails.
If you plan on selling your home in Sussex County, you may not be able to do much about whether the economy grows or tanks, or the Federal Reserve expands or shrinks the money supply. But there IS at least one thing you can do to remove uncertainty from the minds of your prospective buyers. Just offer a home warranty!
A home warranty in Sussex County is an inexpensive plan that provides coverage for items that typically fall outside a traditional home insurance plan. The major kitchen appliances are generally only covered by your home policy if they are damaged in a fire, stolen, or suffer damage resulting from some other covered peril. A home warranty provides reassurance for a much broader scope of damage and mechanical breakdown. Warrantee buyers can also opt to include other large items in the home — like the HVAC system, boilers, water softeners and water heaters.
H.U.D. points out that a home warranty is an increasingly popular inclusion because it offers protection during the period immediately following a home’s purchase — the time when most local home buyers know they will “find themselves cash-strapped.” Although payment can be monthly or annual, most home sellers choose a one-time payment option.
In an uncertain world, are homebuyers reassured when a home warranty is part of your offer? Statistics from the National Home Warranty Association provide their own reassurance: they show that including a home warranty as part of the sale can help a home sell for up to 50% faster.
Even though a Sussex County home warranty is an added expense, it’s an investment that can pay off in helping your home sell faster — possibly at a higher price, as well. Call/text 302-228-7871 or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.