Sheriff’s sales start back up in Kent Co.

DOVER — Last week, the Kent County Sheriff’s Office conducted its first sale since March, generating $5,280 in commissions on five properties sold. The sales list began with 28 properties before dropping to five Aug. 6. About 30 people attended the proceedings, according to Sheriff Brian Lewis. Sales were halted four months due to coronavirus-related […]

Low mortgage rates bring on rush of homebuyers, refinancing

REHOBOTH BEACH — Mortgage rates are at historic lows, and many Delawareans are pouncing on them, along with others seeking to relocate to the First State. Whether it’s a new home purchase or refinancing an existing one, opportunity to find an affordable interest rate has never been better.“I’ve been in the lending business for 25 […]

Milford’s housing market booming with room for growth

MILFORD — The housing market in Milford has been doing well for a while now, but with coronavirus gripping Delaware, it’s become hotter than ever. “Right now, we’re seeing a very, very hot seller’s market,” said Zachary Foust, the owner of Milford-based Loft Realty. “Ninety-four percent of homes (we had) in May sold within the […]

Loft Realty moves into Downtown Milford’s historic Pikus Building

MILFORD — When a fast-growing local real estate company needed a bigger, more modern space, it moved into a nearly 200-year-old building in the North Milford Historic District. “The significance of this place is that it’s right on the corner, it’s one of the first things you see going into downtown,” Loft Realty owner Zachary […]

Essential business: The showing must go on for real estate industry

DOVER — Brokers and agents are increasingly assisting buyers and sellers online and through social media during the deadly coronavirus pandemic. The Delaware Association of Realtors quickly stressed Gov. John Carney’s emergency mandates to its members to limit their health risks as they conduct business. Though they are deemed essential and can operate, they have […]

LETTER TO THE EDITOR: Some homebuyers priced out by bloated state government

Last July our General Assembly passed HB 279, which increased the real estate transfer tax — and thus the cost of homeownership — by 33 percent. The median cost of a home in Kent County in 2015 was $195,000 per the Delaware Association of Realtors. Rounding that up to make the math easier, on a […]

Delaware foreclosures among highest in nation

DOVER — As of February one of every 1,012 “units” in the state was a foreclosure, said Bayard Williams, president of the Delaware Association of Realtors. This puts Delaware among the top five states in the nation in terms of high foreclosure rates. Despite the dubious ranking, Mr. Williams believes there is reason for optimism. […]

Proposal would cap tax break for some first-time homebuyers

DOVER — A task force is recommending lawmakers modify a program for first-time homebuyers by allowing the counties to place a cap on an exemption from the realty transfer tax. Currently, an individual who is buying a first home in Delaware is exempt from a portion of the realty transfer tax. Purchase of any property […]

COMMENTARY: Hike in property transfer tax detrimental to Delaware

Shortly before midnight on July 2, after hours of wrangling over the approximately $365 million budget gap and how to fix it, Delaware’s legislature passed a bill increasing by a whopping 33 percent the property transfer tax on all real estate transactions. This means that beginning with contracts written Aug. 1, homebuyers will be faced […]

LETTER TO THE EDITOR: Delaware realty group stands opposed to HB 240

The following is a letter sent to Delaware House of Representatives Revenue and Finance committee members: Committee members, My name is Bruce Plummer and I am the 2017 president of the Delaware Association of Realtors, a trade Association that represents over 3,800 realtors from across the state. The Delaware Association of Realtors stands opposed to […]