19 Cedar Rd, Rehoboth Beach, De 19971 | $1,549,000

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Property Details

Welcome to Sea Pines, a classic beach home in the enclave of North Shores. Enter the private circular drive leading to the front deck entryway. Split level home features three bedrooms and shared bath on the upper level. The main floor with living
  • MLS Number: 724654
  • Status: Active
  • Price: $1,549,000
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: North Shores
  • School District: Cape Henlopen
  • Square Footage: 1,320
  • Year Built: 1964
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $1,283
  • Association Fee: $2,250
  • Furnished: No
  • Lot Square Feet: 17,596
  • Lot Size Acres: 0.40
  • Lot Description: Partially Wooded
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Beach, Boat Slips, Marina, Pool-Outdoor, Tennis - Outdoor, Water/Lake Privilege

Interior Features

  • Kitchen: Breakfast Bar
  • Heating: Heat Pump(s)
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Basement - Full Finished,Walkout Level
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Washer, Water Heater Gas
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), Screen(s), Window Treatments

Exterior Features

  • Style: Coastal
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Parking: Driveway/Off Street
  • Porch/Deck/Patio: Deck - Front, Deck - Rear, Porch - Screened
  • Exterior Features: Outside Shower, Storage Shed/Outbuilding

Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY

One Solution for Selling a Tenant-Occupied Rehoboth Beach Proper


In a perfect world, before you set about selling your Rehoboth Beach property you would have emptied it of all evidence of human habitation, called in the best staging pros on the planet, and set off to vacation in a Caribbean island spa-hotel so you could sift through the dozens of offers in comfort.
“Let’s see,” you would soon be musing to no one in particular, sipping your first mimosa of the afternoon as you thumbed through the sheaf of faxes from your Rehoboth Beach agent; “should I accept this all-cash offer for 150% of comparable value—or hold out for this one for 200% of comp that came in with only 50% earnest money…?”
It is here where we might best depart from this reverie to point out that in this less than perfect world—the one that we actually live in—the more probable situation is one where your Rehoboth Beach property is fully occupied, either by your own family or a tenant.
How do you make the most of that mimosaless situation? If you and your family are the occupants, your Rehoboth Beach property fits the most common profile, so the standard to-do’s apply: you will want to clear the clutter and store any non-essential furnishings; de-personalize as much as practical; deep clean; and work with your agent to make showings as routine as possible.
But what if you have a tenant? It’s going to be a true balancing act that affects four parties: seller, listing agent, tenant, and buyer. Of these, the one with the least to gain is the tenant, who is paying for the privilege of tenancy while being asked to keep the property clean and showable on the others’ schedules.
Let’s face it: this could be a minefield. Almost any tenant’s interests lie elsewhere. In fact, they may very well like your Rehoboth Beach property so much they would just as soon discourage prospective buyers—and there are subtle (and less-subtle) ways to go about that!
One solution that is sometimes offered involves this creative procedure:
Compensate the tenant for their cooperation by offering a significant bounty (say, 20% of the monthly rent) to be placed in an escrow account. It’s a meaningful award for the tenant’s full cooperation—one that will grow with the payment of each month’s rent. It will be turned over upon the completion of the sale. This ingenious plan has the effect of reversing the natural order of things. Since the amount in escrow grows with each passing month, rather than becoming increasingly annoyed with each ensuing showing, the tenant is increasingly incentivized to make the property ever more appealing. There’s cash on the line! In fact, as the escrow account builds, who’s to say the tenant won’t start doing some arithmetic…and start considering becoming the buyer himself…???
In any case, the best results for selling your Rehoboth Beach property happen when there is rock-solid communication between the listing agent and owner—and when a tenant is involved, that’s another party who should be included as well. It’s the best way to insure that everyone can go about their business with a minimum of disruption and inconvenience.
If you are sizing up the coming fall market, whether your Rehoboth Beach property is occupied by a tenant or your own tribe, I hope you will give me a call to discuss how I can get the results you’re after! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Expect 5 Basic Delaware Real Estate Investment Truths

If you go looking for insights from successful Delaware real estate investors, depending on which areas they concentrate on, you could come up with a variety of takes. Despite the distinct differences that separate the commercial and residential investment spheres, there are some time-worn truisms about the real life experience that would have most investors nodding their heads—

  1. Expect to work at it. The myth of buying real estate, watching it appreciate, then just cashing in is a two-dimensional expectation. A typical Delaware real estate investment has to be discovered, investigated, negotiated, cared for, cared for some more—and sometimes sold—for it to ring up the profits that make real estate investing so lucrative. The best investors relish doing all of it.
  2. Expect to interact with a wide range of people. Math skills are important, but people skills are up there, too. Just about anyone can do the arithmetic that produces accurate cash flow projections, but being able to network with real estate professionals and lenders—and manage close working relationships with tradespeople—are also vital for sustained success.
  3. Anticipate changing conditions. Economic conditions are always in flux, so Delaware and Delaware market conditions are always on the move. Last decade’s real estate investment strategies don’t guarantee success today—and certainly not tomorrow. Anticipating and planning for changing conditions is work that can pay real dividends.
  4. Expect losses. Any investment—including real estate investments in Delaware—involve some degree of risk. Serious real estate investors are those who profit the most from multiple investments over time. Necessarily, they expect that some projects won’t pan out as expected. Not expecting that to be true would be a rookie mistake.

This fifth one is ancient: it sounds like something Ben Franklin could have come up with:

  1.  A fast nickel is better than a slow dime. Strangely enough, this truism can be misinterpreted. One commentator thinks it means “owning real estate is easy; getting paid is tricky.” I think its core meaning is that knowing just when to sell is a terrific real estate investment skill.

In fact, you could say that prioritizing when to sell is what distinguishes real estate investors from most of the rest of us—real estate consumers who are contented Delaware homeowners. In my profession, I get to facilitate winning transactions for investors and real estate civilians alike. I hope you’ll give me a call for all your own real estate dealings! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com