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Home Buying in Bear : Real Estate Advice

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  • Local Info4
  • Home Buying15
  • Home Selling3
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Activity 24
Sat Jul 22, 2017
Snicole1337 asked:
I am buying a home for $145,000. First time home buyer, not much saved but have about 10,000 to my name. I'm getting $5,000 seller settlement help and another $5,000 for help with closing…
0 votes 0 Answers Share Flag
Sat Nov 12, 2016
Joyce.davis5 asked:
Sun Jul 31, 2016
Tiffany Dawnn asked:
Wed Aug 19, 2015
Robin Roberts answered:
HSA does a good job here in Delaware. I can tell you there are different prices for different Real Estate company's. According to HSA they just lowered the price through our company by $50. If cost is no concern they are the only company I use. Unless my client wants to use someone else. Best is to compare what they cover side by side and make your decision. Good luck. ... more
0 votes 5 answers Share Flag
Wed Aug 5, 2015
Sean Brooks answered:
Currently if you go through the Delaware State Housing Authority program which with a credit score of 640 they will help with the down payment and closing cost of upwards of $8000 or 4% of the purchase price.

Now within the guidelines there are certain approved lenders and housing counselors that will help with credit repair for FREE. Some lenders have a program to assist with increasing your credit score. DO NOT FALL for the paid service

Go here to see the counselors.

http://destatehousing.com/HomeOwnership/HomeOwnership.php

Here you will find the state approved lenders

http://destatehousing.com/HomeOwnership/hb_sfmrb.php

Also check out the program where the state pays the PMI
... more
0 votes 2 answers Share Flag
Thu Jul 16, 2015
Robin Roberts answered:
Chynadoll, Bear is my area! There are many properties you described in the area you are looking. HOA fees are very common and what may be a perfect fit for you could have the HOA fee. However HOA fees can range from $25 a year and up but are rarely very high. There is a community called Pine Forest that sounds like it would fit your criteria. If you would like more information my cell is 302-650-4155 E-mail robin.roberts@foxroach.com. Good luck! ... more
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Sun Nov 30, 2014
answered:
The best loan to apply for with little down is a Veterans Loan which is 0% down, but you must be a qualified Veteran to apply. The second best option is a USDA Rural Housing Loan which is also 0% down but not all of the Bear area qualifies for this loan program. The next best would be an FHA loan which only requires 3.5% down.

You may also qualify for a down payment assistance program with the FHA loan. If you need help qualifying or have questions, feel free to call me at 302-703-0727.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage, Inc.
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
... more
1 vote 1 answer Share Flag
Sun Nov 30, 2014
answered:
The answer is not "Yes" it is, it depends on if you meet the requirements for obtaining a second FHA mortgage. There are limited exceptions to getting a new FHA loan so your best bet is to apply for a pre-approval with a local mortgage lender to see if you meet the exception requirements for obtaining a second FHA mortgage and it must be for a new primary residence.

If you need help determining if you qualify for a second FHA mortgage, please feel free to reach out to me at 302-703-0727 or online at http://www.DelawareMortgageLoans.net

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage, Inc.
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
... more
0 votes 2 answers Share Flag
Mon Feb 17, 2014
Wayne Bartron answered:
Hi Michael,

I agree with the advice given. Just remember there are other aspects of your situation and history that will be considered by potential landlords such as job history, income, previous rental history etc. You may find it beneficial to emphasize those other areas that are positive when applying for a rental.

Contact me if I can be of assistance.

Wayne Bartron
relatorWB@gmail.com
... more
0 votes 2 answers Share Flag
Mon Oct 28, 2013
Jeff Hoover answered:
Hello,

I am a Realtor in the Bear, Delaware and would be happy to help you with your request. Please fee free to reach out to me either via Trulia or my email at jeff.hooverde@gmail.com and I will answer any questions you have or send you what is available in the area. I can also be reached at 302-981-6485.

Regards,

Jeff Hoover
Exit Realty
Direct 302-981-6485
Office 302-674-2900
... more
0 votes 2 answers Share Flag
Tue Jun 25, 2013
Jeff Hoover answered:
Philadelphia otherwise known as the "City of Neighborhoods" has a great diversity of communities to raise kids. From the small town settings of West Chester and Media to the more suburban areas of King Prussia, and Conshohocken and of course then you have the urban cultural areas of Main Line, South Philadelphia and Central City. It all depends on what you are looking for in terms of your budget, commute time and personal needs.

Also I noticed you are from the Middletown, Delaware area I would be happy to help find a home in Delaware or list your property if you are moving as well.

Please feel free to contact me at 302-981-6485 or jeff.hooverde@gmail.com
... more
0 votes 2 answers Share Flag
Sat May 4, 2013
sharonmckay answered:
If you are talking about 916 Sugar Pine Drive, Bear, DE - the answer is NO, it is not zoned for additional homes. I am not sure what property you are talking about though.
0 votes 3 answers Share Flag
Tue Jan 29, 2013
Wayne Bartron answered:
Most rent to own agreements require a monthly payment of rent plus an amount to be applied toward purchase downpayment of the property if purchased at the end of the lease. Renters who don't purchase at the end of the lease usually see the additional amount paid toward purchase converted to additional rent because there was no purchase. Meanwhile, limiting selection to a lease purchase rather than accepting a lease or lease purchase significantly reduces the number of properties to choose from. Given the limited availability of lease purchase properties, why not include both leased properties and lease purchase properties in your selections and if you have to settle for a leased property just take the amount you would have paid in additional rent under a lease purchase and put it in a savings bank every month? At the end of the lease period if you can't negotiate the purchase of the leased property, you'll have the money in the bank to apply toward purchasing another property giving you many more choices. ... more
1 vote 2 answers Share Flag
Fri Jul 20, 2012
John and Mary Luca answered:
Hello,

I've built custom links for your search to help you view the homes for sale and perhaps narrow down what you would like to tour in person. You can take any of these links and edit the search terms to change price or area, or add things like amenities you desire.

We have extensive real estate experience in the area as well as Active Adult communities and would be glad to answer any questions you have concerning the properties and how to meet your goals.

Please feel free to call us at 302-740-5872 or 302-999-6966 - John & Mary Luca.

Here are the searches I just built for you:
http://searchlistings.teamluca.com/i/9005/Bear_Middletown_DE_Ranch_Houses_up_to_500000
http://searchlistings.teamluca.com/i/9005/Kent_County_Ranch_Homes_up_to_500000
http://searchlistings.teamluca.com/i/9005/Bear_Middletown_DE_Active_Adult_55_plus_homes_up_to_500000
http://searchlistings.teamluca.com/i/9005/Kent_County_Active_Adult_55_plus_homes_for_sale_up_to_500000

Have a nice evening,
John & Mary Luca
PS I'm seeing this post twice so I'm answering twice - don't know if it's a Trulia glitch or not :)

Prudential Fox & Roach Realtors
www.TeamLuca.com
www.LucaTeam.com
302-999-6966
302-740-5872
... more
0 votes 2 answers Share Flag
Thu Feb 23, 2012
Bob Comegys answered:
I do a lot of short sales and I can tell you that 100% of the time the banks I have worked with will not allow a contingency of sale. I have had some that move super fast offer to close in 45 days and others that have taken close to a year. I think they shy away from the contingent sale just in case they can close quickly. ... more
0 votes 6 answers Share Flag
Tue May 17, 2011
Mack McCoy answered:
As James Taylor sang, about thirty years ago, "Time may be money but your money won't buy time." Linda Ronstadt also sang, "Get Closer."
0 votes 3 answers Share Flag
Sat Dec 19, 2009
Jeff K answered:
Brenda,

You know what? Cindi is correct! And I'm embarrassed that I forgot to mention anything about this.

Please bear in mind that certain upgrades really must be done when a home is built, like an extra row (or even 2) of blocks in the basement, or extra recessed lights, etc. Lots of other stuff can be done later, and for much less if you do it yourself or even just with a decent handyman or contractor.

The only upgrades that we wished that we HAD done and did not were more recessed lights in the kitchen area.

If you do proceed with new construction, you'd be well-advised to get a radiant barrier installed after it's built in the attic. This will cost about $500 to do yourself, and it will save you at least double that every year in heating/cooling.
... more
1 vote 3 answers Share Flag
Wed Nov 11, 2009
Bill Treible answered:
Everything is negotiable Brenda but it must be done properly. Hope you are using a Realtor, they will not be an expense to you and builders will work with them. This will usuallykeeps the negotiations from getting out of hand. My answer to your question is to sign on with A Realtor you feel comfortable with, Then with your Realtor present pick the options you wish to add into the home have thbuilder or builder's agent show you the full price that the builder will be asking for the home. Most builders will not acknowledge your Realtor if you have visited the site for the first time without that Realtor present. ... more
0 votes 5 answers Share Flag
Thu Aug 6, 2009
Carol Succarotte Daniels answered:
Hi Ab, Hard to answer that for a couple reasons. 1. Home values went up dramatically from 06 to 07 and part of 08. Then the values went down as we all know. Probably homes are at 2006 values. Poor condition will depend on several things. So as Jacqeline indicates, without seeing the house it would be hard to evaluate. Sorry ... more
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