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Bethany Beach : Real Estate Advice

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  • Local Info2
  • Home Buying14
  • Home Selling2
  • Market Conditions3

Activity 27
Wed Mar 4, 2015
imarketing asked:
Are there any statistics or graphs showing where homeowners in Bethany Beach are from?
0 votes 0 Answers Share Flag
Tue Aug 26, 2014
annasails answered:
Thu May 29, 2014
Debra (Debbie) Rose answered:
FEMA sets the rates for required flood insurance.
FEMA is a bit confusing these days as the rules keep changing.

That being said...........

The only way to try to "improve" rates, if that's possible........... would be to have an "elevation survey" done ($500 - 900 here) and then apply to FEMA for what is called a LOMA (letter of map amendment).

If the home is in a designated flood zone - the lender will require insurance.
If you're paying cash, then whether you have insurance or not is up to you.

Your agent can check to see what type/level of flood zone the home is located in.... once you have that information - you can then call any insurance company that handles flood insurance for a quote .
... more
0 votes 2 answers Share Flag
Wed Mar 26, 2014
Shannon Smith answered:
Hi McShaffer91,
809N Annapolis
County Tax $ 660.00 (approx)
Sewer $ 258.00 (Approx. $64.50 / Qtr.)
Condo Fee $ 2,460.00 ($615.00 Qtr. 2013/14 )
Long Term Reserve $ 1,112.00 ($278.00 Qtr. 2013/14 billed w/condo fee $893.00 )
Rec Fee $ 2,272.00 ($568.00 Qtr. 2013/14)
Ground Rent $ 1,501
*Utilities $ - ** Depends on Usage
*Personal Contents Insurance $ - ** Varies
Total $ 8 ,237.00
Monthly Charge $ 686.42

You can reach me at 302.344.0500 or
... more
1 vote 3 answers Share Flag
Mon Feb 10, 2014
Mike Kwiecien answered:
True. Many of the Lots in Bethany Beach West of Rt 1 have been on the market for a while. As a Builder I do see potential for Lot/Home packages that can be completed with equity based on the Bank's final appraisal. ... more
0 votes 5 answers Share Flag
Sat Oct 26, 2013
John Thomas answered:
Your premiums are going to go up, A LOT! The idiots in Congress who drafted this bill had this response "We never intended the premiums for flood insurance to go up that much" Your best bet is to call your Congress person and ask them about drafting a bill to fix the flood bill that passed.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage, Inc.
302-703-0727 Office
... more
0 votes 1 answer Share Flag
Tue Jul 30, 2013
TheOldfatherGroup answered:
At this point relative to the change in prices, you may have the financial strength to purchase a single family home. Did you find something wonderful or are you still on the look out?

Warm Regards,

Dustin & Mariya
... more
0 votes 6 answers Share Flag
Sun Apr 14, 2013
Jill Donohue answered:
Thank you for interest. There is No ground rent. Condo fees cover exterior building maintenance building insurance common area maintenace including pool and tennis court. $4200 Year. Please contact me directly to make this home yours. ... more
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Sun Apr 14, 2013
Brendan Crotty answered:
By the way, the condo fee was just raised recently in Sea Colony. Contact me for more information about any property in the area..
0 votes 4 answers Share Flag
Wed Apr 10, 2013
Joyce Henderson answered:
Generally on beach resale properties, the seller does not contribute to the closing costs. But I have seen sellers contribute about 3% for first time home buyers.
0 votes 9 answers Share Flag
Sun Dec 30, 2012
TheOldfatherGroup answered:
From our conversations with our REO agent associates there should be the largest waive of the remaining shadow inventory hitting the shores in the first half of 2013. Lowest Interest Rates in history. Highest Affordability Index in History. Some of the lowest real estate taxes in the country, and there is still some wonderful inventory. Although well priced turn key homes are selling quickly with multiple offers. (Even on the Ocean) If you find something, pull the trigger.

Warm Regards,

Dustin & Mariya
... more
0 votes 8 answers Share Flag
Sun Dec 30, 2012
TheOldfatherGroup answered:
Beautiful community. Just subject to the market correction like every home in Delaware. Worth a second look if you haven't found something. The market is shifting...

Warm Regards,

Dustin & Mariya
... more
0 votes 7 answers Share Flag
Sun Dec 30, 2012
TheOldfatherGroup answered:
Obviously you have a great reason for asking this question, may I ask what is GMan?

Warm Regards,

0 votes 3 answers Share Flag
Sun Dec 30, 2012
TheOldfatherGroup answered:
Good Question for the Trulia people. Trulia People?

Warm Regards,

0 votes 10 answers Share Flag
Sun Dec 30, 2012
TheOldfatherGroup answered:
Sun Dec 30, 2012
Scott Godzyk answered:
I sure do, it is a great tool to add to one's marketing program
0 votes 5 answers Share Flag
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