http://bwbeach.com/blog Coastal Delaware Homes For Sale Mon, 08 Mar 2010 16:54:18 +0000 http://backend.userland.com/rss092 en The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding ... http://bwbeach.com/blog/home-buyer-tax-credit-act-quickly/ While it's true that the real estate market is a real mess right now the best deals are moving like hotcakes.  I lost two deals this week to clients who did not pull the trigger quickly enough and were beaten to the settlement table by well prepared snipers. If you ... http://bwbeach.com/blog/snooze-and-you-may-lose/ Why buy a used home when there are so many New Delaware Homes on the market that are the same price or cost a good deal less? The only reasons I can think of are: Location.  If you really like a particular location, Used Homes may be all that there is to ... http://bwbeach.com/blog/new-delaware-homes/ The Most Expensive Home in RBYCC is currently 173 East Side Drive [caption id="attachment_281" align="alignleft" width="360" caption="173 East Side Drive"][/caption] Priced at 5.6 Milion, this home has 10 bedrooms and 13.5 bathrooms. Located on a bayfront  acre of land and directly adjacent to the RBYCC Club House this is a prime piece ... http://bwbeach.com/blog/the-most-expensive-home-in-rbycc/ Looking for an affordable home along the Delaware Coast? Here are a number of homes and communities to take a look at. Broadkill Beach $475,000 Like new 2006 3BR/2.5BA on stilts with views of the Delaware bay and state wildlife preserve. Located a block from the Beach. On stilts, elevator, bamboo floors, ... http://bwbeach.com/blog/coastal-delaware-homes-325k-475k/ Many of you know I'm not just a Realtor but a web designer as well. Over the years I've collected a number of Domain Names for future projects that never materialized. The following Domain names are all for sale. I'm in a generous mood so if you act quickly you can have ... http://bwbeach.com/blog/local-realtor-domain-names-for-sale/ Sales data from January 1 2009 - September 20 2009 [caption id="attachment_255" align="alignleft" width="389" caption="Rehoboth Beach Real Estate Stats"][/caption] These stats are very general in nature. They do not take into account the number of bedrooms, baths, square footage, waterviews or even the fact that there may be a lease expiring on ... http://bwbeach.com/blog/market-analysis-rehoboth-beach-condos-townhomes/ Conforming Loans (up to $417,000) 30yr Fixed 5.125% 0 points 4.875% 1 point 15 Yr Fixed Rate 4.625% 0 points 4.375% 1 point **Standard 5/1 ARM 3.875% 0 points 3.625% 1 point ** For Condos with less than 25% down payment: 30yr Fixed Rate 5.375% 0 points 5.125% 1 point ***We can do warrantable and non-warrantable ... http://bwbeach.com/blog/september-4th-2009-loan-rate-update/ [caption id="attachment_244" align="alignleft" width="290" caption="Ocean Block Condo"][/caption] Furnished 2 Bedroom 1 Bath Ocean Block Condo in Patrician towers located on Olive Ave in Rehoboth Beach Delaware featuring a large private outdoor patio, rooftop pool and underground parking.  Great rental history. $679,000 For additional info & photos take a look at the MLS ... http://bwbeach.com/blog/ocean-block-condo-2br-1ba-679000/ 36804 Oasis Court Rehoboth Beach, DE 19971 [caption id="attachment_240" align="alignleft" width="290" caption="Village at Kings Creek"][/caption] Village At Kings Creek Built In 2005 5 Bed / 4 Bath 3,840 sqft $945,000 -Sale Pending- You have arrived!!! This is not just a Home,it is an Experience!!!Custom Built Palm Beach Style Home,no detail overlooked. Gorgeous Hardwood Flooring, Fabulous Italian ... http://bwbeach.com/blog/an-oasis-just-a-mile-and-a-half-from-the-beach/ 2009 January 1 - August 12 92 single family home sales Highest Sale Price: $4,500,000 Lowest Sales Price: $160,000 Median Sales Price: $492,500 Average Sales Price: $664,974 Average Days on the Market (for those that sold): 217 Hottest Selling Community:  Rehoboth Beach Yacht and Country Club with 15 total sales. 2008 January 1 - August 12 104 single ... http://bwbeach.com/blog/2009-sales-season-vs-2008-rehoboth-beach-delaware/ - SOLD - This 4BR/3.5 BA New construction home is easy to overlook.  It looks very similar to other relatively new homes in Southern Delaware and is priced about the same as well. The one feature this home has to offer that makes it special is that it is located ... http://bwbeach.com/blog/hidden-gem-2004-canal-front-home-for-only-349000/ 36 PINE REACH Henlopen Acres Rehoboth Beach Delaware.  4BR/3BA.  Charming & Classic Rehoboth Beach Home in the Esteemed Henlopen Acres!  MLS# 562752 Asking Price $1,695,000 Sold for $1,480,417 8 FARVIEW ROAD. North Shores, Rehoboth Beach Delaware 5BR/3BA located less than a block from the Beach. MLS# 563884 Asking Price ... http://bwbeach.com/blog/significant-sales-july-2009/ I've got a new listing that's not on the MLS yet.  29 Marshall Road in the community of Old Landing - Rehoboth Beach Delaware.  Direct Bayfront with it's own 40' pier ready to accommodate boats up to 30' long. At $829,000 this three bedroom ranch is half the price of other ... http://bwbeach.com/blog/rehoboth-bay-waterfront-home/ 50 SECOND STREET Rehoboth Beach DE. 4BR/4.5BA new construction 1.5 blocks to the ocean overlooking lake Gerar. MLS# 556584 Asking Price $2,299,000 Sold for $1,950,000 19 FOURTH STREET Rehoboth Beach DE.  "If it’s priced right, it will sell." UNDER CONTRACT IN JUST 21 DAYS." 1999 4/BR/2.5BA in North Rehoboth. MLS# 569596 ... http://bwbeach.com/blog/significant-sales-june-2009/ [caption id="attachment_154" align="alignleft" width="290" caption="Best Deal in Broadkill"][/caption] I loved this house at $695,000, I thought it was a steal at $599,000.  At $525,000 I called all of my friends to tell them about it and now its hit $475,000 MLS#558063 was built in 2006 and was only used occasionally. The house ... http://bwbeach.com/blog/broadkill-beach-price-slashed-bank-says-sell-it-quick/ What exactly do I mean by the top ten Coastal Delaware Condos? Am I talking about the ten nicest condos? The ten best deals and if so in what price range? The ten least expensive, the ten nicest mid priced, the ten most expensive? The ten best views? The ten best new construction condo communities? "BEST" ... http://bwbeach.com/blog/top-ten-condos-and-townhomes-in-coastal-delaware/ Conforming Loans (up to $417,000) 30yr Fixed 5.375% 0 points 5.00% 1 point 15 Yr Fixed Rate 4.875% 0 points 4.50% 1 point For Condos with less than 25% down payment (or equity if a refi): 30yr Fixed Rate 5.50% 0 points 5.25% 1 point ***We do warrantable and non-warrantable condos*** Long Term Rate Locks Available Lock ... http://bwbeach.com/blog/rates-are-down-june-30-2009/ Woods Cove has been the lowest priced condo community in Rehoboth Beach for the last six months or so and even in a lackluster market they have been selling well. While this community is by no means a walk or even bike ride to the Ocean it is just a ... http://bwbeach.com/blog/lowest-priced-condos-in-rehoboth/ Thinking about contracting a Delaware solar power installer? You will not only be helping the environment, you will also enjoy valuable utility-bill savings, tax credits, and other rewards for switching to renewable energy. Delaware solar electric and wind power customers are eligible to receive a variety of excellent discounts, Delaware ... http://bwbeach.com/blog/delaware-solar-rebates/ Rehoboth Crossing Townhomes,  located just over 1 mile from the Rehoboth Beach Boardwalk has lowered the price on one new construction unit to $289,900 for "This weekend Only" I'm not a big fan of Sales Gimmicks and "This week only sales" but this is indeed the lowest price Rehoboth Crossing townhomes ... http://bwbeach.com/blog/a-new-low-at-rehoboth-crossing-townhomes/ 16 Wades Court in Canal Corkran,  Rehoboth Beach  was lowered from $1,049,000 to $899,000 today. This is a 4800 square foot home. You can view some of the details at the following link: Canal Corkran Short Sale Please call me for additional information or to set up an appointment to view this home. 302 ... http://bwbeach.com/blog/short-sale-and-price-reduction-in-canal-corkran/ For those of you waiting to see 4% interest rates, it's not going to happen.  This week rates have climbed back up to the mid 5's which are still historicaly low. http://bwbeach.com/blog/interest-rates-are-climbing-again/ Immediate delivery on new 2BR/2BA 1st and 2nd floor condos with a garage. Paynter’s Mill is a residential planned Ocean Atlantic community located on the border of Milton & Lewes Delaware.  Located 5 miles from downtown Lewes, 8 miles from downtown Rehoboth Beach, 4 miles from historic Milton and 4 miles ... http://bwbeach.com/blog/major-price-reductions-at-paynters-mill/ I've been playing around with the idea of creating a real estate game called "Which home will sell first" Over the next week or two I will be working on creating a way for readers to vote on their choices. What good is a game without a prize? I'll probably offer gift ... http://bwbeach.com/blog/which-homes-will-sell-first/ MLS# 568500 Asking Price $1,725,000  Sold $1725,000 Beautifully renovated Ocean block home South Rehoboth 9 Rodney Street Rehoboth Beach DE MLS# 556493 Asking Price $1,190,000 Sold $948,333 Waterfront Contemporary Single Family Home Rehoboth Beach Yacht and Country Club 140 Torquay Court Rehoboth Beach DE MLS# 567250 Asking Price $899,900 Sold $900,000 Contemporary Ocean Block Home South Rehoboth 100 Hickman Street Rehoboth Beach DE 19971 http://bwbeach.com/blog/significant-sales-april-2009/ It's not often I plug a restaurant on my blog,  but if you are looking for Rehoboth Beach Seafood Restaurants don't pass up the Big Fish Grill located at 4117 Highway One just south of the Route 1A /Rt 1 interchange.  The Big Fish Grill offers fresh seafood, casual dinning ... http://bwbeach.com/blog/best-seafood-in-rehoboth/ Looking for a Rehoboth Beach Vacation Rental? You may be interested in the Seavoice, a bright and spacious, fully renovated, and newly furnished vacation rental home located just 1/4 block from the beach, boardwalk, nightlife, and amusements. Featuring 11 bedrooms and 10 ½ baths, this seaside retreat can ... http://bwbeach.com/blog/rehoboth-beach-vacation-rentals/ MLS#561112  Asking Price $1,099,000 Sold $960,000 Waterfront, Cape Cod Style Single Family home Rehoboth Beach Yacht and Country Club 111 Kingsbridge Road Rehoboth Beach DE MLS #553092 Asking Price $1,200,000 Sold $1,000,000 Colonial Brick Home Henlopen Acres 92 Tidewaters Rehoboth Beach Delaware MLS# 558431 Asking Price $1,150,000 Sold $1,050,000 5 Bedroom - 3 car garage Single Family Home Kings Creek Country Club 7 ... http://bwbeach.com/blog/significant-sales-march-2009/ The 30 yr fixed rates dropped today to 4.875% This is based on a 30-45 day lock for a primary or 2nd home. So what does this really mean for home buyers? Lets say you are interested in a $375,000 home. Using a simple mortgage calculator $375,000 with zero down (unrealistic) for 30 years ... http://bwbeach.com/blog/30yr-fixed-dropped-to-4875/