Should I Sell My Home Before Buying a New One

To Sell or Not To Sell: Should I Sell My Home Before Buying a New One?

It's a big question that many people face when they're considering buying a new home: Should I sell my old home first, or buy the new one and then sell the old? There are pros and cons to both options, but in the end, it comes down to what's best for you. The experts at Burns & Ellis Realtors compiled some things to consider when making your decision. Regardless of whether you sell, then buy, having a reliable and knowledgeable real estate agent will make any real estate transaction smoother! Contact the experts at Burns & Ellis Realtors today to get started on your buying, selling, or renting journey!

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Military Families in Dover, DE

Buying & Selling a Home for Military Families in Dover, DE

Military families tend to be very independent and creative in buying, selling, and renting homes without a true relocation benefit. Whether you intend to sell or rent your home "by owner" or employ the services of a Realtor, Military Families must take different steps to market their home. And if you are searching for a new home (whether to rent or purchase) in your new duty station, Burns & Ellis Realtors has tips to market your home to sell or initiate your buying search. Any military family needs a reliable and knowledgeable real estate agent. Contact the experts at Burns & Ellis Realtors today to get started on your buying, selling, or renting journey!

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Dover DE Skyline

Located near Little Creek and the edge of Delaware Bay, Dover, DE, offers fantastic opportunities for getting outdoors. After an active day, residents return home to affordable, historic homes to enjoy the pace of Dover living. The team at Burns & Ellis REALTORS is committed to building the community they serve — and that includes welcoming you! If you’re interested in experiencing the perks of moving to Dover firsthand, contact us!

5 Reasons People Love Dover

Keep scrolling to find out why residents love Dover, and discover why you will too.

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Buying_a_Home_in_Fall Blog - Burns and Ellis Realtors®

If you don’t need to buy in the spring or summer, holding out until the fall or winter could be the way to go. Although there are benefits and disadvantages of buying a home in any season, there are many benefits of buying a home in the fall. Read on for a few of the benefits of buying a home in the fall provided by Burns & Ellis REALTORS in Dover, DE. When you are ready to begin home shopping, contact our REALTORS. We always have an agent on duty!

Sellers are Motivated

Sellers are generally more motivated to sell in the fall and winter months. Homeowners usually like to sell in the spring and summer, so if they are listing their home in the fall, they have to sell, not because they want to. In the fall, sellers are more motivated to sell because the summer rush of buyers is over, and they are desperate to sell before the holidays and winter. This leads to excellent negotiating opportunities for the buyers.

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Buying_in_a_Sellers_Market Blog - Burns and Ellis Realtors®

Whether you're a property owner in Dover, DE, or looking to relocate to the area, knowing the market is a crucial first step. A “Seller’s Market,” simply put, is when the number of homes for sale is low and the demand is high. For buyers, it’s not only a matter of paying more to get the house you want—many factors go into successfully closing on a home in a seller’s market. To guide you through this process, the experts at Burns & Ellis Realtors have compiled their best tips for getting your offer accepted. If you are in or around the Dover area searching for your dream home in a seller's market, use these tips to adapt your home buying strategy and contact the experts at Burns & Ellis Realtors today!

Expert Tips From Burns & Ellis Realtors

Make Your First Offer Your Best

First and foremost, make sure you get a mortgage pre-approval. Having the entire underwriting process behind you before you start shopping for your home will clear the way for you to get your offer in early, leading to a better chance of closing. In some cases, completing this process can be as appealing to a seller as a cash offer! Once you’ve gotten pre-approved, put your best offer on the table. In a seller’s market, there is less room for negotiating because, more than likely, someone else will be willing to offer more. In a seller’s market, the listing price is typically just a place to start. Make a competitive offer to better your chances.

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Property Taxes

If you're a property owner in Dover, DE, then it's important to stay up-to-date on the latest information about property taxes. This guide will provide you with all the information you need to know about property taxes in and around Dover, including how to file for a tax exemption and what types of exemptions are available. We'll also discuss recent changes to the tax code that could impact your bottom line. So whether you're a new homeowner or just looking for more information on Dover's property taxes, this guide from Burns & Ellis Realtors has everything you need! If you are in or around the Dover area and looking for help navigating all things real estate and your property, contact the experts at Burns & Ellis Realtors today!

How Are Your Property Taxes Determined?

The first thing to know about property taxes in Dover is that they are based on the assessed value of your property. The assessor will determine the value of your property based on a number of factors, including its size, location, and features. Once your property has been assessed, you will be responsible for paying taxes on that amount. The good news is that Dover offers a number of exemptions that can help reduce your tax burden.

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Choosing_the_Right_Real_Estate_Agent Blog - Burns and Ellis Realtors®

In today's real estate market, it is important to work with the right real estate agent to help you buy or sell a home or commercial property. The market moves fast after all! According to the National Association of Realtors, in 2021, the typical home sold was on the market for just one week. In March 2022, the median days our listings were on the market was between 6-19 days!

This rapid pace can be jarring for buyers and sellers — working with an agent ensures you are informed and prepared for every stage of the real estate buying or selling process.

Working With An Agent is the Preferred Choice for Buyers & Sellers

In their 2021 Profile of Home Buyers and Sellers, the NAR reported: 87% of buyers purchased their homes through a real estate agent or broker. 90% of sellers worked with a real estate agent when selling their home Working with a licensed real estate agent provides you with the guidance and insight you need to buy/sell a home or property for the right price, complete necessary paperwork, attract buyers/scope out listings, prepare the home for sale, and more.

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Real_Estate_Transactions Blog - Burns and Ellis Realtors®

Suppose you’ve found your dream home, got an offer accepted, and the time comes to close only for you to discover that the seller hasn’t held up their end of your agreement. How would you react? Many people will never be put into this situation, but it does occur more often than one may think. That is why it is crucial that you are prepared for such an occurrence and have educated yourself on the correct next steps and how to accomplish them. Burns & Ellis Realtors, located in Dover, DE, have compiled some information that may help you if you are ever unlucky enough to find yourself in this situation. If you are looking to buy or sell property in or around the Dover area and are looking for an expert Realtor to have your back, contact Burns & Ellis Realtors today!

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If you are in the market to buy a home, it is imperative that you have a strong understanding of what HOA’s can offer you and what they can cost you. The general structure of an HOA is set up to help keep the neighborhood clean and to create a cohesive atmosphere in the community. Although these goals are mostly universal, the fees and perks and your obligations can vary widely. Do not move into a home where you are required to join an HOA without reading the following information from Burns & Ellis REALTORS. If you are in Dover, DE, Kent County, or the surrounding areas and looking to buy a home, contact Burns & Ellis REALTORS today!

Covenants, Conditions, & Restrictions (CC&Rs)

It’s no question that HOA’s have been a thorn in the side of many homeowners. Although most seem to be relatively reasonable, we all have someone in our life who loves to complain about their HOA. The main reason they have garnered such a bad reputation is CC&Rs. CC&Rs, or covenants, conditions, and restrictions, are universal rules for the neighborhood. Exterior paint colors, style, and material are universal rules for the community. You must understand the CC&Rs of the HOA that your potential home belongs to. We all have that picturesque image of our dream home, and CC&Rs may not allow your ideas.

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Home Refinancing

Refinancing is a common term in the real estate and the home-owner world, however, many people do not completely understand it. Our goal at Burns & Ellis Realtors, located in Dover, DE, is to provide you with a quick and simple guide to refinancing your home mortgage. Read on to learn more, and If you are in the Dover, DE area and looking for a team of professionals to help you buy or sell your home, contact the experts at Burns & Ellis Realtors today!

What is Refinancing?

At its most basic level, refinancing refers to the process of replacing your current home mortgage with an updated version. The process of refinancing your mortgage can allow you to change the term of your current loan and/or switch from an adjustable-rate to a fixed rate. Refinancing can have several benefits, such as lowering your monthly payment, saving on interest over time, paying off your mortgage in less time, and to receive cash either in hand or transferred to your mortgage balance from the equity you have put into your home. Overall, refinancing your home can give you some financial breathing room in a number of areas, and may help you reach your goals more quickly.

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