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Bethany Beach : Real Estate Advice

  • All33
  • Local Info2
  • Home Buying14
  • Home Selling2
  • Market Conditions3

Activity 17
Sun Apr 14, 2013
Brendan Crotty answered:
Hi,

There is a condo/HOA fee, but no Ground Rent. Annual Condo Fee listed in MLS: $4,200

Please contact me directly for more information and to set-up a showing. There are four properties listed for sale in that community.


Thank you,

Brendan Garfield Crotty

(302)858-3234

REALTOR

E-mail: Brendan@BrendanGarfieldCrotty.com

Website: www.BrendanGarfieldCrotty.com

ResortQuest Real Estate
(302) 541 - 8778
(302) 539 - 8600
33012 Coastal Highway
Bethany Beach, DE 19930
... more
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Sun Apr 14, 2013
Chris Kavanagh answered:
Greetings from Bethany Beach. The ground rent is $2,000 per year, the HOA fee is $2112 per year and the condo fees range from $4,280-$8,769 depending on the property.

Chris Kavanagh

Coldwell Banker Residential Brokerage
Bethany Beach, De 19930

302-829-9068 (direct)
chris@5starbeachhomes.com
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0 votes 4 answers Share Flag
Mon Feb 10, 2014
Jill Donohue answered:
While there are several Bethany Beach building lots currently on the market there are a few that are extremely well priced with very motivated sellers. If you are not working with another realtor please contact me directly for more information.

Thank you,

Jill Donohue, realtor
Your "Shore" Connection

jill.donohue@longandfoster.com
Long and Foster Real Estate
Bethany Beach De.
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0 votes 5 answers Share Flag
Sun Dec 30, 2012
Kathy Sperl-Bell answered:
Sun Dec 30, 2012
Phil Rotondo answered:
Steve;
I have confidence in the pre-approval once the property closes. Until then, it's just another piece of paper that's needed to present an offer.
0 votes 10 answers Share Flag
Wed Apr 10, 2013
Annmarie Leslie answered:
There are many transactions with sellers paying closing costs here in the Charlotte area. Many builders and short sales are offering paid closing costs if you use their mortgage company. ... more
0 votes 9 answers Share Flag
Sun Dec 30, 2012
Kathy Sperl-Bell answered:
Happy New Year!
What I recommend is that you list your condo for sale with a real estate professional that promotes their listings here on Trulia. It's really that easy and I would be happy to list your condo. ... more
0 votes 10 answers Share Flag
Thu Sep 23, 2010
Sarah French answered:
The $2112 is the annual recreation fee that all owners pay. It maintains and staffs all the amenities, allows family and guests to use the amenities and provides for 24 hour, year-round security. In addition, each owner pays a condo fee that is different for every property, depending on location and size. This covers such items as exterior maintenance, landscaping, master insurance policys (fire, flood & hazzard), trash, cable, internet, water and common area maintenance. Lastly, all of the properties at SC are sold with a 99 year ground lease that began when the property was first built. This fee varies, but never exceeds $2,000 per year. You can also buy out the ground lease at any time. If you would like more detailed information, please don't hesitate to contact me. Sarah French, Long & Foster, Cell 410-430-5421 ... more
0 votes 2 answers Share Flag
Sun Dec 30, 2012
Bill Eckler answered:
Tach,

Bethany Lakes is not different than any other area that is struggling with the economy. You'll find that different areas of the country are not immune to what has been happening with the economy and real estate.

The fact that an area is a nice location does not change the outcome.....actually it may minimize the effect that other areas are feeling the full force of.....It's all relative.

Our recommendation is to consider the full picture, taking into consideration other locations and then view your target location. It may not seem as bad as it did originally.
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Sun Dec 30, 2012
answered:
Not many foreclosures in Bethany Beach, but there are numerous short sale opportunities if you have patience and can easily be approved for financing or have cash. You should really work with a good real estate agent that specializes in distressed properties (I can recommend a couple if needed) if that is the market you are going after.

Financing a foreclosure property purchase really depends on the condition of the property and the occupancy desire of the purchaser. Primary home occupancy is best if repairs or rennovations are needed.
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0 votes 8 answers Share Flag
Tue Aug 26, 2014
Interested answered:
I am a realtor in Delaware and can be reached at 302-588-7890.
I am also an investor and also have been looking at the outer banks for an investment property... I have a good realtor down there if you are interested...
If, you call me I can see your standing an help you determine a course of action...
Let me help you take advantage of these "drop in prices".
... more
0 votes 7 answers Share Flag
Tue Jul 30, 2013
Chris Kavanagh answered:
Hi James, If you are cunnently considering/looking in Bear Trap or Bayside at Bethany Lakes I am sure you have talked to or have a realtor so your questions should be addressed by your realtor.

Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
... more
0 votes 7 answers Share Flag
Sat Jan 16, 2010
Kathy Sperl-Bell answered:
We have been in a Buyer's Market here for the past two years or more. It took some Sellers a while to realize that their asking prices were too high and finally many adjusted them to more accurately reflect the market. I am working with Buyers this weekend and we are looking at condos and townhouses in the Bethany/Ocean View areas. As a friend of mine said the other day, in a market like this there are opportunities and then there are deals. There is no better time to take advantage of the deals than right now. By next year interest rates will have gone up and prices will not be significantly different than what you could negotiate right now if you are qualified buyers. The pace of sales has dramatically increased this summer. I have 8 settlements between yesterday and the first week of October. If I can be of help, please get in touch. You can search all listings, regardless with whom the property is listed at our web site. My cell is 302-542-1203. ... more
0 votes 3 answers Share Flag
Sun Dec 30, 2012
Kevin & Monica McNamara answered:
Tim,
I think the signal, iin my opinion, is indicative of the profile of the property owner in Bethany Beach. For the most part they are "well-heeled", husband and wife both working, from the Washington Metro area, a very stable job market,, will come off their price to a certain extent, but not to the point that buyers think they should . There is a disconnect between what buyers will pay, and what sellers are willing to reduce their price to.... and this is one of those markets. ... more
0 votes 5 answers Share Flag
Sun Aug 30, 2009
Kevin & Monica McNamara answered:
Hi Marcus,
I agree with you, now is the time to pay attention. Smart buyers make their purchases when the market is at it's lowest, which we certainly are now. Having said that, it's difficult to time any market...stocks, bonds, real estate, etc. Will prices go down a little more in 2009? Maybe. But not at the rate we have seen in the last 18-24 months. If you purchase now or soon from now, and plan on keeping your investment for a minimum of 5 years it won't matter if you did not exactly time when the market was at it's very lowest.

There are 36 (3) bedroom townhomes and single family homes currently for sale in Bear Trap. The lowest list price is $279,900 for a 3 bdrm townhome. 16 (3) bedroom properties have sold in Bear Trap in 2008. The lowest sale price as reported to our Multiple Listing Service was $300,000 for a 3 bedroom townhome.

You can run your own searches in Bear Trap right now from my web site. We provide you with a link to the Sussex County Association Multiple Listing Service. www.Ocean-CitySales.com

Bear Trap has not been affected any more or less then any other community in our area. The Eastern Shore of Delaware and Maryland, as defined by HUD (Housing and Urban Development) is not considered a "depressed market" in comparison to national standards.

However, yes, there are good buys to be made.

Come on down, I'll by happy to help. Feel free to contact me.

Monica McNamara
Coldwell Banker Real Estate
Licensed in Maryland and Delaware
877-480-7653
www.Ocean-CitySales.com
... more
0 votes 6 answers Share Flag
Sun Dec 30, 2012
Chris Kavanagh answered:
What do you want to purchase for under 300k? There are some great newer townhomes that fit your criteria. Chris Kavanagh , Coldwell Banker, Bethany Beach, De. 302-829-9068
0 votes 7 answers Share Flag
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