The Terranova Team

  Having a regular location that acts as your personal getaway can be a welcome light at the end of the tunnel. To help you decide which type of vacation living works best for you, let’s look at how to know if you should buy a timeshare or vacation home in Delaware. Purpose and Usage The first step on this journey is figuring out what you’re looking to get from your vacation experience. Are you planning to stay there for prolonged periods of time, effectively living there for an entire summer? Is the idea to have a weekend vacation getaway from time to time by yourself or with a small group of family and friends? Finding what suits your needs starts by determining what those needs may be. Someone doing short stays will get more bang for their buck with a timeshare, whereas another individual staying for weeks or months at a time would be better off with a vacation home in Delaware. Initial Investment It should come as no surprise that there are often large d...

  Tragedy and loss are a part of everyday life, and it’s common for a loved one to relinquish property rights to their next of kin in the event of their passing. If you have recently found yourself in the midst of needing to learn how to sell your inherited property in Delaware, we have some tips to help you along the way. Secure the Property The first step when you want to sell your inherited property is to acquire the legal rights to it. If your loved one had a will, it may clearly define who owns the property. There is a chance that your ownership in the property will be split across multiple individuals. In this case, everything may require some discussion before any final decisions can be made. Once all property rights have been firmly established, only then can you and any other owners move onward with the sale of the home. Hire an Agent While we would usually suggest hiring an experienced and qualified real estate professional, these circumstances mak...

  The last two years have brought a lot of twists and turns for the average local real estate market. In an attempt to get ahead of the expected trends and make the most of your next home purchase or sale, here’s what buyers and sellers should know about the Delaware real estate market in 2022. Changing Interest Rates One of the most-discussed topics we are seeing on the horizon is the possibility of increasing interest rates. The Federal Reserve has been eyeing this increase in interest rates as a method to help combat inflation across the entire economic landscape. This volatility was created as we collectively entered a crisis mode of operating throughout the last couple of years to cope with drastic changes in just about every facet of our lives, and economics were certainly not spared. Periods of freefalling consumer spending and confidence and rather severe supply chain shortages have taken their toll, and we are just in the process of pushing through these...

  From time to time, every homeowner mulls over the possibility of selling their current property and finding the next place to call home. Let’s get a better understanding of if it could be time to move on by examining these 5 signs it is the right time to list your house in Delaware. Priorities Have Changed Over time, every homeowner’s wants and needs change whether they want them to or not. Perhaps you’re getting married, starting a family, or finding yourself with a lot of empty space now that all of the kids are grown up and moved out. In all of these cases, it’s at least worth it to take a look at your local market and see if there could be another home that better suits your needs. Moving to a home that is tethered to outstanding schools, near a park, has better commuter routes, or ease of access to convenient shopping could all fulfill these needs. Think about what’s important to you now and what you will need in the future to best determine if a new home ...

  No matter how pristine your new home may look, chances are there’s some work that could be done ahead of time to make your life just a bit easier over the coming months. In order to help you figure out what needs to be done and which tasks you feel are priorities, let’s go over 5 DIY projects to consider before moving into your new Delaware house. Paint Always one of the big-ticket items to consider before doing the big move, painting is a relatively inexpensive way to immediately put your mark on your home while updating its look.Having furniture and other bulky items in the way is an easy excuse to prevent anyone from giving this task a real go. Therefore, we suggest dreaming up a color scheme ahead of time and being ready to put those aspirations into practice prior to cluttering up the living space with anything that will make getting the painting done a real headache. Set up Your Security In all of the excitement of moving into your new property, it’...

  Finding the right house for you and then taking the steps towards closing on it is an exciting time that can sometimes hamper judgment in favor of racing to the finish line. To help you from turning your next home purchase from a success to a financial blunder, let’s take a look at 4 signs you are paying too much for a house in Delaware. The Initial Asking Price Is Already High Before even giving yourself the chance of being tied up by the process of inspections, appraisals, and closing, take a step back and evaluate the home relative to similar nearby properties. Agents do this all the time when setting prices for properties, and you should do the same to get a better understanding of the true market value of any property in which you are interested so you can avoid paying too much for a house. Take into consideration the neighborhood, the property’s location and proximity to destinations that are important to you, and even how you would sell the property if t...