Listing Courtesy of JACK LINGO LEWES
“There’s No Place like Home” is one of those quaint sayings that somehow lasts forever, probably just because it’s so true. “Home is Where the Heart Is” is another one: corny, maybe, but undeniable.
There’s a strictly real estate saying that Lewes residents will recognize at once, too. Less corny as well as a good deal more practical. It’s “Location! Location! Location!”—and it’s every bit as true as the other ones. It’s the where of real estate, and although it is usually thought of in its commercial connection, to a slightly lesser degree, it has major Lewes residential significance.
For those of us who are already Lewes residents, where our next home should be located is almost certainly one of the two or three primary considerations. But even more so for out-of-towners who will be moving into our area. After price range, it’s a ruling factor: location location location—which Lewes neighborhood will be our best choice for home—is a good place to start.
When you’re brand new to any area, just thinking ‘location location location’ is one thing, but going about finding the right one in a timely manner isn’t necessarily easy. First step will be to consult the real estate professional you’ve teamed up with (a good one would be me!) and have an in-depth orientation conversation about our neighborhoods. Next come prioritizing your own priorities:
Professional. If you know the ‘location location location’ of where you’ll be working, the commute distance is likely to be a key factor. The convenience of having your Lewes home as close as possible to your work will only grow with time.
School. If you have school-aged children, you’ll want to research how the schools are rated, or opt to a top-notch private institution. Either way, getting the kids to and from can be less of a hassle if home is in the right place. Location, location, etc.!
Shopping. Weekend mall visits certainly don’t need to be right around the corner, but things like visits to the grocery store can become an irritant if it involves 15-minutes each way…every day! Perhaps not a governing factor, but one that gains importance over time.
Community. Church, social groups, cultural gatherings are either to your liking or less so. Once you have gauged all of those “practical” factors, it will take some local visits and conversations with residents to get the real flavor of the possible communities—and determine which seem most inviting. Access to sports and outdoor recreational facilities also fit into this category…which, taken together, can easily turn out to be the most important quality of life factor.
Unless you happen to be a longtime local resident, many of the qualities of a listing’s location location location in Lewes isn’t fully evident from the listing information. It takes some on-the-ground knowledge, and (ideally) more than one visit. It also will benefit when your buyer’s Realtor® is a knowledgeable and experienced local resident…which is another good reason to give me a Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestate.com.
If you were one of those homeowners in Lewes who happened to consult Google for “mortgage rate news” over the weekend, you might have been puzzled by the top two results.
Fortune got the top spot, with an article headlined, “Your 30-Year Mortgage Rate Should Be Lower Than It Is Now.” That might have rightfully ruffled your feathers. After all, if the mortgage rate news is that your rates are higher than they should be, just what kind of chicanery is going on—and who is behind it? This sounds like a greed-inspired ploy of some kind—and details that you’d better read at once!
But, had your eye fallen on the second headline before you clicked on that first, you would have seen the Mortgage Reports blog top line, which was not even slightly conspiratorial-sounding: “Average US 30-year mortgage rate falls to new 2016 lows.”
Taken together, mortgage rate “news” like this could save you the trip from Lewes to Disneyland. Why stand in line for the spinning Mad Tea Party ride, when all you have to do is ask Google for “mortgage rate news” to get dizzy?
What’s really going on???
Googling further would have helped explain. Bankrate told “home-shoppers” that they should “be cheerful: Job growth in June was surprisingly high”—but since that news hadn’t affected mortgage rates “much,” there was a confluence of good fortune: an economy that was perking up but not enough to raise interest rates.
The most encouraging mortgage rate news was actually sounded by The Wall Street Journal, which claimed to explain “Why banks aren’t giving you a 3%, 30-year mortgage…yet.” “Yet”??? The WSJ went on to explain how current “super low” rates could head even further south—but it called for a super robust reader attention span. If they stuck with it long enough, though, Lewes readers discovered that bank profit margins (the “spreads”) were rising while mortgage rates fell because government bond yields had fallen even faster.
You might recall that at one point, Disney put a limit on how fast riders are allowed to spin the Mad Hatter’s tea cups—but apparently nothing of the kind is planned for the financial world. So the first two Google finds for “mortgage rate news” are correct: the rates are even lower than before (per Freddie Mac, 3.41% last Thursday) and it’s reasonable to suggest they could be lower.
All in all, it looks like there is even more reason than ever to take advantage of this particularly rewarding era for Lewes’s real estate offerings. Getting started is easy: just give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.