38 Wanoma, Rehoboth Beach, De 19971 | $414,900

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Property Details

Fabulous home only minutes to Rehoboth Beach. The beautiful 4 bedroom home as 3 full baths and is in mint condition. Enter the home and find new Hickory Pergo XP Extreme Hardwood throughout the main living areas of the home. There is plenty of roo
  • MLS Number: 730695
  • Status: Active
  • Price: $414,900
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Villages Of Old Landing II
  • School District: Cape Henlopen
  • Square Footage: 3,000
  • Year Built: 2003
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $1,321
  • Association Fee: $736
  • Pool: Other See Remarks
  • Furnished: No
  • Lot Dimensions: 67 X 102
  • Lot Square Feet: 6,534
  • Lot Size Acres: 0.15
  • Lot Description: Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Community Center, Pool-Inground, Pool-Outdoor

Interior Features

  • Kitchen: Countertops - Granite, Pantry
  • Heating: Forced Air, Gas - Propane
  • Cooling: Central A/C
  • Flooring: Synthetic Hardwood, Vinyl
  • Basement: Basement - Full,Sump Pump
  • Attic: Access Only
  • Security: Smoke Detectors
  • Appliances: Cable TV Pre Wired, Dishwasher, Disposal, Dryer-Electric, Microwave, Oven/Range Electric, Oven-Self Cleaning, Refrigerator, Sump Pump, Washer, Water Heater Gas
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), MBED-Full Bath, Screen(s), Walk-In Closets

Exterior Features

  • Style: Coastal,Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Shingle-Asphalt
  • Foundation: Poured Concrete
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Porch - Front

Listing Courtesy of PATTERSON-SCHWARTZ & ASSOCIATES

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.

Rehoboth Beach Real Estate Investment “Top 5” Draws

Of the investor-friendly possibilities, real estate has some particularly welcoming attributes that have kept it perpetually close to investors’ hearts (and portfolios). This is particularly the case whenever tenuous national and world affairs make the future unnervingly hard to predict.

Forbes magazine is one of the foremost sources that knowledge-thirsty investors consult for ideas and commentary about productive destinations for their extra investment capital; and some of those ideas recently surfaced in a piece on why real estate is “investor-friendly.” They pointed to five major characteristics that continue to attract investors:

  1. Volatility. Rehoboth Beach landlords have a degree of protection from the kind of volatility that the stock and bond markets frequently experience because rental rates are by their nature more stable over time. Globally, even international investors find U.S. real estate markets to offer relatively safe haven in troubled times. Forbes also notes that real estate investments offer insulation from price movements “since returns are derived from rental income in addition to price appreciation.”
  2. Inflation. Any Rehoboth Beach investor who has been around for a while knows how inflation can be a real investment-killer. Research points to the price-raising flexibility that real estate investments embody—but you don’t need to be an academic to know that everyone expects rents to rise when the cost of living does. When inflation rears its otherwise unwelcome head, commercial real estate investments have “the potential to become more profitable.”
  3. Returns. Last year, global economic growth slowed for most kinds of investment assets, but real estate was an exception. Rising rents alone would have done the trick (but underlying appreciation also didn’t hurt).
  4. Diversification. As an injection of a different asset class, real estate is a portfolio-strengthener. Spreading risk is one of the bedrock principals every Rehoboth Beach investor learns from the start—a real estate investment does the trick.
  5. Tax benefits. The income from a rental investment in Rehoboth Beach can be partially offset by depreciation and loan interest “that can add up to a substantial tax break.”

This spring, the current listings offer any variety of such investor-friendly possibilities. When you decide that your own investment portfolio might benefit from the stability and other advantages that distinguish Rehoboth Beach real estate investments, I hope you won’t hesitate to give me a call to investigate! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com