21162 Laguna Dr, Rehoboth Beach, De 19971 | $521,341

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Property Details

The Freeport with loft model under construction now on a premier lot that backs to protected woodlands for forever views. This is a 5 bedroom, 3 bath home with 3 bedrooms on first level and 2 bedrooms and loft on 2nd floor. This price includes and
  • MLS Number: 721210
  • Status: Active
  • Price: $521,341
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Sawgrass At White Oak Creek
  • School District: Cape Henlopen
  • Square Footage: 3,100
  • Year Built: 2017
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Number of Stories: 2
  • New Construction: Yes
  • County Taxes: $1,600
  • Association Fee: $3,000
  • Furnished: No
  • Lot Square Feet: 8,276
  • Lot Size Acres: 0.19
  • Lot Description: Cleared, Landscaped, Trees/Wooded
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Basketball Courts, Community Center, Fitness Center, Game Room, Gated Community, Lawn Care, Pool-Outdoor, Sidewalks, Tennis - Outdoor

Interior Features

  • Kitchen: Countertops - Granite
  • Fireplace: Gas
  • Heating: Forced Air, Gas - Propane
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Basement: Crawl Space-Conditioned
  • Attic: Access Only
  • Security: Gated Community, Security System
  • Appliances: Dishwasher, Disposal, Fridge w/Ice Maker, Garage Door Opener, Microwave, Oven/Range Gas, Washer/Dryer Hookup Only, Water Heater Tankless
  • Interior Features: Fireplace-Gas, MBED-Full Bath, Screen(s), Walk-In Closets

Exterior Features

  • Style: Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Shake, Stone, Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Poured Concrete
  • Garage: Attached
  • Garage Size: 2
  • Parking: Garage, Garage Door Opener
  • Porch/Deck/Patio: Porch - Screened
  • Exterior Features: Irrigation System

Listing Courtesy of LONG AND FOSTER-REHOBOTH

Now or Later: When Is the Right Time to Buy a Rehoboth Beach Hom

A few weeks ago, an eye-catching article surfaced on the Investopedia web site—one with the arresting title of “When is the Right Time to Buy a Home?” I have always assumed that for prospective Rehoboth Beach home buyer, the answer to that question varies by the individual circumstances. But if there is a more cut-and-dried universal answer, it would certainly be good to know it. Definitely worth reading.

Despite its name, Investopedia is not an encyclopedic history of investing. Its own history is interesting, though—it started in Canada, was acquired by Forbes, then sold a short while later to ValueClick for $42,000,000 (talk about good investments)!

The article that was to supply the answer to “When is the Right Time to Buy a Home?” did turn out to have the right answer, though it’s a little less definitive that you would hope—prospective Rehoboth Beach home buyers don’t get the simple “NOW” or “LATER,” which would be most useful. However, before the final answer is presented, scattered between the many ads and other clickbait that apparently pay for Investopedia are some interesting current facts and observations, and several cop-outs.

When it comes to the big question, “When is the Right Time to Buy a Home?” by halfway through the article, it’s looking a bit more like “now” than “later.” It cites The National Association of Home Builders’ Housing Opportunity Index, which now finds that nationally, the majority of homes are affordable for families earning a median income of $63,900. True, most Rehoboth Beach families don’t earn exactly $63,900, but still, it’s good to know. Reading on, we learn that this level of affordability has been better in the past, and might be better later “unless mortgage rates move higher in the future.” Since elsewhere on the site we find that “the consensus is that interest rates will rise,” it doesn’t take Sherlock Holmes to deduce where “When is the Right Time to Buy a Home?” is leading.

Or so you might assume, before the article quotes a saying on Wall Street: Don’t try to time the market, which Investopedia advises also applies to real estate. Oddly enough, it also says, “If you’re looking for an edge, interest rates are near historic lows so now appears to be a better time than most for purchasing a home.”

That’s a pretty strong hint, but the answer isn’t spelled out. Yet. There follow some bits of good advice (hire an inspector prior to purchasing a home; don’t buy a car while your credit is being checked; inquire about taxes) before we get to the ultimate heading, “THE BOTTOM LINE.” It took a while, but here is the advice Rehoboth Beach readers would have been looking for all along, bottom-linewise.

Investopedia’s answer for “When is the Right Time to Buy a Home?” is a lot more sensible than most: “When you can afford it.

I couldn’t agree more. Even if all the other factors weren’t as positive as they are today, being able to make a good fit financially is at the top of the list. If now is that time for you—or if it’s time for you to put your own Rehoboth Beach home on the market—it’s also a good time to give me a call!

A Sussex County Bank-Owned Home Can Be a Serious Contender

If you’re looking for a superior deal on a new home, you may find that a Sussex County bank-owned home is a serious contender. Today’s real estate market includes a variety of foreclosed homes, some of which can be had at prices well below baseline levels.

Adding to the activity in that sector is the virtual disappearance of any degree of the stigma formerly attached to the bank-owned home market. By May of 2012, Realtor Magazine was already reporting how the rise in distressed inventories had brought about an increased appetite for the sector: “Nearly 65% of buyers say they’re likely to buy a foreclosure today compared to 25% who said that in October 2009.” And 92% of those surveyed were interested in a bank-owned home as their primary residence, rather than as an investment vehicle.

If you think a Sussex County bank-owned home could be a serious contender for your attention, you should be aware of how to best prepare for the opportunities to be had among them.

 Get Pre-Qualified

Pre-qualification not only speeds up the purchase of a Sussex County bank-owned home, it also produces a concrete range for your home-buying budget. Some banks charge a fee for the credit-checking procedure, while others simply build that into the bottom line.

Beware Potential Property Issues

The biggest issue facing the buyer of a foreclosed home is the potential for damage to the property. If it’s been vacant for some time, issues tied to improper weatherization or pest infestation can have resulted. A bank-owned home is typically sold as-is — so ordering a thorough, professional home inspection is an absolute must. 

Be Patient!

Buying a bank-owned home in Millsboro can precede on a different timetable than does a regular home buy, so be prepared to be patient. It’s also particularly helpful to have a buyer’s agent on your team to help answer questions as they arise.

If you are in the market for a new home in 2015 whether it is a bank-owned home or not — I’m here to advise my clients from beginning to end. Getting started is just a phone call away!