South Beach meets Dewey! 1 Block to beach & steps to everything! Sold furnished w/ upscale finishes, featuring hardwood floors, granite counters, stainless appliances, 2 full baths, an elevator building w/ pool & grilling area. An end unit fronting on Mckinley gets you extra light & some bay views.
Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
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Even though national foreclosure rates have continued to drop, the threat of becoming another Sussex County foreclosure statistic is still very real for some homeowners. It’s at least somewhat reassuring to understand that most banks don’t really want a foreclosure — so for homeowners who take an early proactive approach with their lender, losing their home does not have to be inevitable.
For anyone who has fallen behind on payments, Job One is to discuss the situation with your banker. If a mortgage restructuring is possible, you may have an opportunity to refinance at a lower rate with more manageable payment amounts. In some cases, it may be possible to alter other terms of your agreement — for example; you might arrange to postpone any delinquent payments to the end of the loan’s term. You have to ask.
Payment Deferral Options
If payment failure has been caused by losing a job, a medical condition one of the other more common causes, some banks will work out payment deferral options. If you have prepared documentation to back up your hardship claim, it is more likely that the lender will be able to offer an agreement to defer your payments while you get back on track.
If the financial situation is such that you know you can no longer sustain regular payments, it may be best to consider a short sale — the option where the bank agrees to accept sale to a third party for a sum that falls short of the loan’s balance. It means loss of the property, but results in a better credit history than does a Sussex County foreclosure.
A foreclosure in Sussex County becomes inevitable if the reality of a tough financial situation isn’t recognized and addressed. If you take positive steps once you realize you are going to miss a payment, you put yourself in the best position to open options that are less problematic than full foreclosure. If you find you could benefit from a strictly confidential price evaluation on your home, call me — sometimes a property can be worth more than you think!
Savvy shoppers and sellers; don’t sit on the sidelines, 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.
Even when it is clearly necessary, if you’re like most of us, you feel a built-in reluctance to sell your Delaware property. Those four walls (okay, I know there are more like 40 or 80, but bear with me) contain all the furnishings and other possessions we gather through the years to create our family’s unique environment. When we come through that front door, we feel more comfortable than anywhere else on Earth.
But your home is also an investment (and what a colossal one it is!). That’s why the decision to sell your Delaware property—disconcerting though it may be—ought to be much more a business proposition than an emotional one.
When you choose me as your Delaware real estate agent, it becomes part of my job to point out the smart business decisions that will help you sell your property—even when that means altering some of what has always made the place feel like home to you.
Fortunately, sometimes there are really simple things that increase a home’s perceived value:
The front door is frequently absent from renovation lists, but as the point of entry, it does much to influence potential home buyers. Installing a bright, shiny new brass doorknob, giving the door a fresh coat of paint, or adding a traditional mailbox out at the curb can make your entire home seem more inviting.
Buyers are attracted to spacious rooms. If you have a cramped hall or dining area, think “mirror”. Adding one or two large wall mirrors automatically make any home that much more expansive.
If you enjoy your oversized television, you’re part of a not-so-silent American majority. That’s all well and fine, but unless the room is a man-cave, it’s likely that a television which overpowers the space will make buyers feel that the room is too small. Consider swapping for a size-appropriate set to help you sell your Delaware property.
Even on a miniscule budget, minor changes like these can attract interested buyers in this market. Looking for more creative ideas to sell your Delaware property? Why not call me today?
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.