Articles tagged with: Invest

05March

In Like a Lion

Spring officially starts on March 20, and this winter has made many of us here in Lewes quite ready for some warmer weather. Let’s be honest – we are beach lovers here! Especially if you are trying to sell your home, or considering it, erratic weather can be a bit stressful. The good news is, just as you can enjoy a walk on Lewes Beach year round, there is truly no one ‘correct’ season of the year to sell your home. Further, our local inventory (the number of homes available for sale) in Lewes continues to be remarkably low right now everywhere – from Lewes Beach to in-town Lewes to Gills Neck Road neighborhoods. This news makes the market more competitive for buyers, and is generally good news for sellers.

As a point of reference, the “average days on market” for homes East of Route 1 in Lewes was 160 days in 2017 and shrunk to 81 days in 2018, according to data from the Bright Multiple Listing Service (which is the new MLS for all members of the Sussex County Association of REALTORS®).

So far in 2019, the local real estate market has seen some “March Madness.” Several homes have gone under contract within days of being listed; while others have stayed on the market a bit longer.

 

So, what is the secret to selling a home quickly and for the highest price possible?

Here are a few tips to get you started:

1.      Choose a REALTOR®

Contact a real estate professional (or a few!) for a listing presentation and consultation. Since selling your home is one of life’s largest milestones, both financially and emotionally, it is worthwhile to research your prospective real estate agent through online reviews and sales history, and make this listing presentation an interview to hire the best person or team for you.  

Most local REALTORS® will bring you a competitive market analysis to give you information on what properties have sold recently in your area, and at what prices, as well as what your competition would be when you list your home. This information will help you arrive at the best price to sell your home in a reasonable amount of time in today’s real estate market.

Considerations like your home’s location, distance to the beach or access to the new bike trails, the number of bedrooms and bathrooms, quality of your kitchen appliances, age of your roof and HVAC systems, and professional landscaping all factor into a home’s value.

 

2.      Prepare your home for sale, inside and out

It is not always easy, but try to take an objective look at your home inside and out. Daffodils are popping up, but early spring still makes ‘curb appeal’ – that first impression of a home’s exterior – a little bit of a challenge.

Inside (in any season):

  • Declutter!  Getting rid of anything that is not useful day-to-day is a trend right now for a calming living environment. Fortunately, this trend is also a great way to prepare your home for sale! Several great local professionals and stagers are available in our area, which your real estate agent can refer to you, if you need help. 
  • Once you have made more open space in closets and reduced knick-knacks and clutter, freshen your paint, including baseboards and doorway trim, with a neutral paint color. We live at the beach! A coastal palette is popular with buyers.
  • Replace switch plates, especially in high-traffic areas
  • Make sure all light-switches and outlets work
  • Clean carpets – or replace worn down carpets entirely
  • After the snow (hopefully no more!) - tackle everyone’s favorite: windows! 

 

Outside: 

  • Clear up sticks in your yard
  • Make sure paths to the front door are clear
  • Clip back beach grass and shrubs – even leafless landscaping can look neat with a “fresh haircut”
  • Rake over flower beds and put down fresh mulch
  • Power wash mildew on siding, fencing, outside showers, etc.
  • Replace mailbox and house numbers if yours are oxidized or dated
  • Consider replacing exterior storm doors if they are dated
  • Put a few potted plants at your entrance (tulips are back!)
  • Make sure exterior lights are in good shape

 

3.      Order a Home Inspection

Although it falls under the buyer’s responsibility once your home is under contract, getting a home inspection in advance as the seller will save you time, money, and unpleasant surprises in the long run. The cost varies and depends on the size of your home, but on average, a home inspection costs around $400 - $500 – money well-spent to avoid a delay after you have already accepted a contract for sale.

4.      Spring into a New Home!

Warm weather, blooming landscaping, and lush lawns definitely enhance curb appeal, but you can get a jump on those early bird homebuyers this season by making your home stand out as fresh and neat. And if you are looking to relocate yourself, check to see if the sellers have taken some of these suggestions.

The real estate market is roaring into gear so far in 2019. Hopefully these tips will make your sale as gentle as a lamb!

Posted in Local News and Information

27February

Rehoboth Beach - Always In Season!

 

Welcome to 36347 Warwick Drive, Rehoboth Beach

Now offered at $529,900

 

Make this fantastic, never-rented Rehoboth twin home your own now! Truly impeccable taste, classic style, and modern appointments are the backdrop for this spacious, low-maintenance home with 4 bedrooms, 3.5 baths, attached 2-car garage, and a terrific floor plan that includes a large, open living room with ultra-modern gas fireplace; separate formal dining room with refined decor; and a chic eat-in kitchen with well-placed center island, new stainless steel appliances, double wall ovens, tile back splash, and luxury granite countertops; new ceiling fans; second-floor balcony, elevator rough-in, and more.

 

 

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Relax on the screened porch overlooking the pond and venture al fresco to the large, custom brick patio. Complete with flatscreen TVs included! Enjoy easy access to Downtown Rehoboth Beach, great restaurants, pristine beaches, and beautiful nature of our Nation's Summer Capital. Look today, start beach life tomorrow! 

(Elevator shaft already in unit, approximate cost of installing an elevator is $20,000.)

 

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Posted in Rehoboth

25January

Attention Visionaries!

Double the opportunity greets you at the Gateway to Lewes, just outside the Historic District!

Introducing: 709 Kings Highway, In-town Lewes

Offered at $549,900

 

Classic Victorian offers you incredible potential, and you can expand your vision and buy the separate building lot (MLS: DESU129830) for a combined price of $850K!

This Lewes original was built in 1905 and delivers 3 bedrooms in the main home and another in the separate rear garage studio, perfect for beach guests. Home features architectural details like exposed beams, brick, original floors, and a welcoming kitchen with professional range and stainless refrigerator. Spacious detached garage offers tons of storage, and the paved patio and fire pit offer room for outdoor fun.

Plus, fresh coffee, pastry and lunch are just across the street in Lewes' newest attraction, The Station on Kings. Walking distance to the library, shops and restaurants of Downtown Lewes and hop on the adjacent bike trail to the state park or Rehoboth Beach!

Note: Seller owns both the house and lot behind; lot must sell simultaneously or before the house. Double your investment and take your place in the newly thriving Gateway to Lewes!

 

Posted in Local News and Information

25January

Open on Lewes Beach this Weekend!

Nestled between the Lewes-Rehoboth Canal and the Delaware Bay, this stylish, brand new home affords privacy and easy access to the beach! Bike to town for dinner and shopping, or spend the day on the water. Return to the natural views from your back deck for a spectacular sunset happy hour.

Get the picture? Come take a look in person! 

 

OPEN HOUSE:

9 Houston Avenue, Lewes Beach

Saturday, January 26 AND Sunday, January 27 - Noon - 2 p.m.

 

 

Posted in Local News and Information

14November

Open Houses This Weekend

Looking for a house at the beach?

Look at Lewes Beach!  

Join us on Saturday AND Sunday to see these fabulous Lewes Beach homes - both would be great to come home to!

Both homes are open Saturday and Sunday, November 17 & 18, from 12 - 2 p.m.

 

Houston New Pic

9 Houston Avenue, now offered at $1,149,000

Stop by Saturday, Sunday - or both days! - to get a sense of how close to the beach this newly built home is while maintaining cul-de-sac privacy! Gorgeous appointments and new construction from Evergreene Builders. And a private wetland view!

104BreakwaterExteriorMain

104 Breakwater Reach, now offered at $2,550,000

Visit this stunning home in Cape Shores to experience true beachfront living! This spacious home would be an ideal investment for your own family reunions or to earn income as an attractive rental with its beachfront appeal and community amenities!

Posted in Lewes Real Estate News

05July

We Mean Business

Hello, Entrepreneurs and Business Owners!

 

Coastal Delaware is a gorgeous place to live and work - and we have plenty of existing properties to house your next business venture. Take a look at a few, and let us know if you mean business!

 

 

Bed & Breakfast, Event Venue Destination, More...

WillowCreek

16239 Willow Creek Road

$1,895,000

Connoisseurs, Investors, Aspiring Innkeepers!

Unmatched in style and now rich in potential, this coastal Delaware design sanctuary recently earned approval for operation as a B&B. "Peaceable: The Millman Homestead" is an incomparable setting in coastal Delaware, now offering unique opportunity. Minutes to dining, nightlife, shopping, beaches, entertainment and natural beauty of our beach resorts, this idyllic property is impeccably curated with a remarkable 4-bedroom, 3.5-bath main home, sprawling manicured grounds, in-ground pool, and 2 guest cottages (a pool house & a log cabin) each with full baths - and now both can be rented. Event-worthy setting with fabulous pool/patio and entertaining areas for gatherings that deserve the perfect venue.

 

Retail Investment, Condos, Eclectic Opportunity

ThirdStreet 

116 W. Third Street

$1,499,000

Iconic Lewes Landmark

…with visions for the future! Original “Lewes Firehouse & Lock Up" is a rare opportunity to be part of history, complete with retail and living space. Historic significance and modern opportunity await in the true center of Historic Lewes! Ask about plans for a proposed 2 unit condo and retail space, approved by the City of Lewes but never constructed. Condos would sell for approximately $700K each.

 

Restaurant, Residential Apartment Income...

 GateHouse

109 Market Street

$1,499,900

Valuable Commercial Property In-town Lewes

Impressive turnkey property with a completely equipped restaurant on the first level, and two gorgeously remodeled vacation rental spaces on the second. Unbeatable location in the heart of popular Downtown Lewes where people arrive by foot, bike, car, or boat! Projected 2018 AirBnB income of $40K from two second floor apartments.

 

Commerical, Warehouse, Great Exposure on Busy Road

 Route9

26850 Lewes Georgetown Highway

$1,995,000

Georgetown-Lewes Highway Commercial Gem 

Attention investors and commercial property seekers: Opportunity is knocking at this 6-acre property with 7,000 square feet of commercial space. Great location on busy Lewes-Georgetown Highway (also known as Route 9) is ready for your venture!

Posted in Local News and Information

29June

Open on Sunday!

Join us on Sunday!

OPEN HOUSE at 419 Burton Avenue

Sunday, July 1, 11 a.m. - 1 p.m.

Offered at $759,900

ENJOY OR INVEST

Join us for a personal tour of this lovely home with a potential investment opportunity! Seize the in-town Lewes rental market as an investment, or enjoy the location and benefits of this beauty yourself. See it in person and imagine the possibilities!

Posted in Lewes Real Estate News