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January 2015

Found 5 blog entries for January 2015.

In this turbulent economic market, many people have heard of "Short Sales" in Delaware real estate. However, it is often a misunderstood and emotional subject for most home sellers having difficulty meeting the market price in order to sell their home. A short sale is the sale of an asset for less than the loan balance. In the real estate world, this would be a situation where the bank accepts a contract on a property for less than the mortgage amount owed. In most cases home sellers that proceed with a Short Sale to sell their property are experiencing one of the following situations. They are facing default or currently in default on their mortgage. They are in foreclosure proceedings with their mortgage provider. Or, they simply want to sell their

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The owners of the Oldfather Group of Ocean Atlantic Sotheby's International Realty in Rehoboth Beach recognized local real estate agent Nancy Capps with it's "MVP Award" for 2014 during a brief ceremony at the firm's Rehoboth Avenue office in early November.

Capps, a licensed agent since 2013 but who boasts more than 25 years in the industry, was honored for her commitment to the Oldfather team and for becoming known around the office as the consummate team player.

"From our first meeting with Nancy, we just found her to be a delightful person. She lives a life filled with optimism, gratitude and kindness – always with a focus on the positive and never an ill word," says Dustin Oldfather, the group's chief executive. "We are so fortunate to have her

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After working to build an established predictable life of relative comfort and "retiring" from an accomplished career, how do you respond to the shock of the move to Delaware? Where do you fit into an unknown world of strange new people, places, and more relaxation and solitude than you could have dared hoped for? [Crickets Chirping]

As real estate professionals, our greatest personal rewards come from assisting clients as they make their way from many nearby metropolitan centers and re-establish their lives in our beautiful, tax friendly area. What we often find as people begin this emotional process of transplanting their lives, is a host of intense difficult to understand resistance as they prepare to retire in Delaware

Many times, buyers will

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I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little

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