Listing Courtesy of LONG AND FOSTER-REHOBOTH
Remember the good old days, when most people could depend on staying in the same job in the same community for an entire career? Okay; the truth is, I don’t actually remember any time like that—but I do remember watching TV shows about it... The truth is, as with so many other facets of 21st Century life, sudden career upheavals that cause a Lewes citizen to undertake an abrupt relocation are fairly common today. And accelerated timing requirements can make the situation more intense.
Even without that added obstacle, familiarity with the ins and outs of practical relocation is one of the most valuable assets you gain access to when selecting an experienced Lewes Realtor®. Especially when a relocation is in your immediate future (even if it’s a future that became apparent without a lot of warning), the reality of having to deal with the mass of details accompanying both moving out and moving in can seem like a huge gray, angry-looking cloud hanging overhead.
Just getting a handle on the details can go far to remove the mystery and dispel anxiety. A short list of the elements that need to be determined and coordinated are:
a. Professional and school requirements
b. Transaction imperatives in both communities
c. Moving and storage details
d. Utility requirements
Once a timeline is determined and a To Do checklist assembled, it will be possible to stay on top of the process. Most importantly, it will help highlight those details that seem to be falling behind— allowing them to get extra attention. Staying abreast of relocation details is the single most important keys that will lead to a smooth outcome. It’s one of Murphy’s Laws that, come moving day, any detail that has been put off until the last minute is likely to cause foul-ups of one kind or another. For instance, if the electric service wasn’t notified far enough in advance, count on the move taking place on the hottest day of the year. Unpacking cartons and moving furniture around without working air conditioners is a memory best avoided!
Any relocation is a challenge that requires a welter of decisions in areas that fall outside what people encounter in everyday living. Fortunately, it’s a challenge that your Lewes real estate professional encounters regularly. Help with practical relocation to (or from) Lewes is just one of the areas of practical expertise that is yours to tap into when you put an experienced Realtor on your team.
The days when most Americans expected to stay in the same community for a lifetime may be fading from memory, but being able to rely on your Lewes real estate professional to help master some of the most challenging upshots is still here. They may say that nostalgia isn’t what it used to be, but that shouldn’t stop you from giving me a call, anytime! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestate.com.
When it comes to figuring out how to begin up the path to homeownership, Lewes, DE renters are left pretty much to their own devices. For the majority of first-time buyers who will use home loan financing to get there, getting started is simple enough: you begin by knowing two basic numbers.
The first is the amount of money you will be comfortable spending for housing each month. This is a figure that will cover your mortgage payment, upkeep, insurance, and property taxes—everything your Lewes, DE house will cost on a month-to-month basis. But you don’t have to worry about calculating those elements in advance; to start, you only need to know that single total.
Estimating it is easier than you might think. Renters already know what they pay in rent each month. That’s usually their total housing budget—so they can simply expand on that already-known number. It’s a question of being realistic about how much more could be devoted to the category without causing undue stress and strain. There are two wrinkles that can boost the figure:
a) Savings. For all but interest-only home loans, monthly mortgage payments include a pay-down of the principal—the remainder owed. Owning your Lewes, DE home means building equity in it. If you are already a regular saver, it’s realistic to consider that a portion of what you regularly put aside can now be considered a home equity-building form of saving. You can realistically add that amount to your housing budget.
b) The tax bonus. Income tax rules govern how much of the interest portion of monthly mortgage payments is deductible at tax time. For mortgage amounts up to $750,000, it’s 100%! The reduction in tax dollars spent can be added to your housing budget figure.
The second number is the amount of cash you can make available for a down payment. For most first-time buyers, even thinking about this figure can halt the whole project—particularly for those who have been led to believe that home loan down payments require a minimum of 15% to 20%. The amount available may go further than you’d think—especially considering that last year’s average down payment for the majority of first-time homebuyers was zero to 6%! In that department, I can help point clients to resources and special programs available for many of today’s home buyers.
Give me a call once you have calculated your two basic figures—we’ll see how far they will carry you in today’s Lewes, DE market! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.