The Pros and Cons of Living in a Condo
There are various reasons why purchasing a condo today might be a good idea. Condos are more popular than ever, and the aging Baby Boomer generation is a major driving force behind this trend. Because of this, condos are becoming more popular, and their prices are going up faster than those of single-family homes. Whether you're just beginning a family or trying to avoid the empty nest blues, condo living might be a terrific alternative. But only some people are cut out for condo life. So, before we look at the benefits and drawbacks of condo living, let’s first talk about what a condo is. What is a “Condo”? You can say that a condo is like a building with mini-apartments that you can own. But, in some critical ways, a condo hugely differs from an apartment. A condominium, or "condo," is a unit in a multi-family building that is privately owned. On the other hand, an apartment is a rented unit in a multi-family building. Residents of condos usually have access to shared amenities like a clubhouse, a swimming pool, and well-kept gardens. In contrast to renters, condo owners are responsible for keeping these facilities up and running as part of their monthly fees. Condos that look like townhouses share walls with the buildings next to them on one or both sides. If the condo is part of a larger building or high-rise, other apartments may be around it. Condo Living: The Pros Do you have what it takes to own a condo, or would a single-family home make you happier? It’s a complicated matter. Even though many people like living in a condo because it is convenient and social, others find that they would rather live independently. There are pros and cons to living in a condo, and let's start by looking at the upsides. 1. It requires fewer repairs. One of the best things about living in a condo is that other people take care of repairs. The maintenance staff cuts the grass, edges it, takes care of the roof and snow, and even replaces the siding, so you don't have to. It’s a huge benefit if you're a first-time homeowner, have a bad back, are always busy, don't like taking care of your yard, or all of the above. Condos are a good choice for people who want to age in place because the units are close together, there are maintenance workers on site who can handle major repairs, and there are a lot of social and recreational activities to do. 2. You’ll have the convenience of amenities. Would you like a pool or a place to exercise? What about the games that happen every Wednesday night at the clubhouse? Most people can't afford the high-end amenities that many condo complexes offer. With these conveniences, getting to know your neighbors may also be easier. It could be a great perk for people who are single and like to hang out with others. 3. You’ll have high-level security. Most condo buildings today have security guards, gated or locked entrances, and door attendants. It may be good news for people who live alone or worry about home invasions. Many people surround you, so you can always ask someone for help if you ever need it. 4. You’ll have easy access to city life. Condos close to busy downtown areas are popular for several different reasons. First, some people would want to be able to walk, ride a bike, or take public transportation to and from work instead of sitting in rush-hour traffic for an hour or more every day. Living close to your job could save you a lot of money on gas and car repairs. On top of that, being so close to a busy downtown makes it easy to try out new restaurants, go shopping, and see performances by local artists. When it's easier to be out and about, like when you walk or take the bus, you're more likely to get more exercise. The value of a condo in a good area may go up faster than that of a condo in the suburbs, which could make the former a good investment. 5. It has the potential to appreciate. In the past, condos have appreciated slower than single-family homes because more people wanted single-family homes. Buying a house is also a good investment because it gives you access to land, which is one of the main things that adds to the value of a property. But things are getting better. The Washington Post used data from Trulia to show that the market value of condominiums went up by 38.4% between 2012 and 2017. During the same period, the value of single-family homes only increased by 27.1%. Condo Living: The Cons There are many good things about living in a condo, but there are also some downsides. 1. The Homeowner’s Monthly Dues. The costs of running a swimming pool, gym, security system, and the staff that works with them are not small. Buying a condo is like putting money into a business you and other residents run together. In addition to your mortgage payment, you also have to pay a homeowners' association (HOA) fee. This fee will be used, among other things, to fix up the parking lot and build a dog park. Considering inflation, it's not surprising that prices and fees are all going up. Studies show no link between HOA costs and changes in house prices over time, and HOA payments went up even in years when the median value of a home went down. Between 2005 and 2015, HOA dues went up by 32.4%, which was more than the increase in house value, which was only 15.1%. So, living in a condo comes with a high monthly cost and the certainty that it will only go up as time goes on. Because of the recent fee hikes, you may have to leave your condo if you need more money to afford the higher living costs. 2. You’ll have inadequate privacy. Another problem is that the design of a condo is similar to that of an apartment building. You probably also remember from when you were a young adult that living in an apartment isn't always a bed of roses. If you live in a condo, you probably share walls with others and have neighbors in the units above and below you. You might see neighbors walking down the hall or around the grounds at any time of day or night. At 2 a.m., you have to listen to their wedding party, fights, and baby crying. In short, condos aren't always the best way to avoid noise and traffic. 3. You’ll have more rules and regulations. If you live in a condo, you have to follow the rules set by the management. Let's say you want to save energy at home by putting things like a solar panel on your roof that uses green energy. You can't just start; you must first get permission from the condo organization. You're out of luck if they say no to what you want. There may be a long list of rules that owners of HOAs must follow. For instance, your HOA may limit the number of dogs you can have or even the breeds you can keep. They might limit the number of people who can come or set up "quiet times" to reduce noise. They may also limit the kinds of changes or decorations you can make. Some people might like living by someone else's rules, but others might find it hard. 4. You might have trouble selling it in a pinch. Condos might be hard to sell for several reasons. First of all, everyone doesn't want to live in a condo. Families with small children or many pets often want a yard, and some people just don't want to live on top of others. These things make it harder for people to buy from you. You should also think about your HOA. If your HOA fees are too high, some people won't be able to afford to buy. People will only want to live in your HOA if it has enough money and the neighborhood is in good shape. When it comes to selling, the HOA significantly impacts how quickly a condo sells. Buyers who want a mortgage will also look at how well your HOA is doing financially. Many lenders won't give a loan to an HOA that is in court or doesn't have enough money saved. Some lenders may refuse the loan if the town has many renters. All of these problems could make it harder for people to buy from you. Lastly, since most condos in a neighborhood look the same, unoccupied apartments in your building will probably sell first. And good luck if a lot of apartments are empty. 5. Delinquency of other unit owners might affect you big time. You and everyone else in the condo complex must pay for maintenance together. People may stop paying their organization dues when they have trouble making ends meet. It means that everyone else will have to pay more dues to make up for the late payment, leaving you with the short end of the stick. Final Thoughts There's no doubt that buying a condo could be a good investment for some people. Living in a low-maintenance house where important decisions are made by someone else may be freeing for older people who no longer have children at home, young families, and busy professionals. Condo living is probably not for you, though, if you value your privacy and independence and don't want to live by someone else's rules. Do you live in an apartment building? Do you like it, or would you be happier in a single-family home? Let us know in the comments below! And if you are looking to buy a condo or a home but don’t know what’s best for you, we can help. Contact us today at Loft Realty, and let’s rundown the best strategy for buying a home that fits your needs.
How Much Cash Do I Need at Closing?
If you want to purchase a house, you've undoubtedly started putting money down for the down payment, which is the first step in the home-buying process. But have you also considered setting aside money for the closing expenses? You are not alone if you answered "no" to this question. Closing costs catch many homebuyers off guard, and usually not in a good way. Buyers are sometimes taken aback by the unexpectedly high cost of these items. On the other hand, knowing what closing costs you might have to pay will allow you to prepare yourself better. Closing expenses may add up, but you can reduce your spending if you know where to look for them and where to cut corners. So, before we discuss how much cash you'll need at closing, let's first discuss closing costs. What are closing costs? To put it simply, closing costs are fees associated with buying a house. That would be things like paying for the Lawyer, title work, inspections, appraisals, lender fees, etc.. These are all necessary in order for you to purchase a house and be protected, both legally and financially! What are the typical closing costs? Closing costs typically range from four to five percent of the purchase price of the property. That's $8,000-$10,000 based on a home price of $200,000. That’s a chunk of change! In general, a down payment can range from 0–20% plus closing costs is required. It's possible to spend between $10,000-$40,000 for a down payment and closing fees on a $200,000 home. Are there methods to save money on closing costs? (Spoiler: Yes!) Be aware of these hefty sums, however, you can reduce closing expenses in a variety of ways. One of those ways is by putting the funds you have into an electronic savings or money market account so you gain higher interest on those funds than a typical savings account. Transferring the funds to your checking account before closing should be a simple process. All lenders charge similar closing costs, and some expenses aren’t truly negotiable while others are. Start looking for ways to save money by looking at your "good faith estimate" (GFE) of closing costs, which you get when you apply for a mortgage. All lenders are obligated to send you a GFE, so you can compare closing costs from multiple lenders to find the best deal. You can also shop around for home insurance quotes as well! Many insurance companies offer discounts for multiple policies (ie: auto, home, bike, etc..) and some even offer discounts if you're a first-time home buyer! So make sure you take a peak and see what options you might have available to you! Where can I get the money to cover the closing costs? Now that you've gotten the best deal possible on your closing costs, it's time to fork over the cash. The Buyers expenses must be paid via wire or check at closing. Your Lawyer will advise you prior to settlement closing instructions. There is also the potential to have the seller cover part, or all of your closing costs as well. It will be dependent on that seller's specific needs, but it does happen! Sometimes you have to negotiate the purchase price (in order for them to agree), but if the market allows for negotiations, it is an option for you! Final Thoughts Money set aside for closing fees isn't exactly high on anyone's priority list, and that's to be expected. But if you research and bargain well, you might find that your closing costs are much lower than you thought, and that'll provide you with enough cash to splurge on a brand-new sofa and TV for your living room. If closing costs scare you, Loft Realty can help you relax during the home-buying process. Feel free to reach out to us today, and together, let’s get you that new home. Don’t forget to also read about the most frequently asked questions when buying a home here in Delaware.
Downpayments: How much money do I need to prepare when buying a home
If you want to buy a house, you may wonder how much of a down payment you will need. Learn the basics about down payments so you can make a good choice. Let’s jump right in! Do you need a 20% down payment to buy a house? Even though the requirement of a 20% down payment might make it seem impossible to buy a house, the good news is that fewer and fewer lenders are sticking to this rule. Still, if you can, it might make sense to put down the full 20% of the home's price. Before you commit to anything, you should consider the pros and cons of making a significant down payment to ensure it fits your long-term financial and life goals. What are the pros and cons of putting 20% down? Let's examine the pros and cons to see how a significant down payment can compensate for other fees and costs. Pros of 20% downpayment Most loan types and lenders agree that a 20% down payment is the best. You'll get a few crucial advantages if you put 20% down on a home. Better Interest Rates The interest rate is the percentage of your mortgage's principal, or balance, that your lender charges you each month for borrowing money. The less risk you pose to lenders, the more money you put down. No PMI If you don't want to buy private mortgage insurance (PMI), you'll need to put 20% down. PMI is insurance that protects your mortgage lender if you don't repay your loan. Even if you don't put 20% down, you can ask your lender to drop PMI once your home is worth 20% more than what you owe. Most of the time, lenders will cancel PMI for you once you've put at least 22% of your own money into your home. You might get a lower interest rate if you can put at least 20% down on your mortgage when you close. You could save thousands of dollars over the life of your loan if your interest rate were just one or two points lower. Better than other buyers in some way Most home sellers would instead work with people who could put at least 20% down on the house. Your finances are more likely to be in order if you make a more significant down payment, so you might have an easier time finding a mortgage lender. It can give you an advantage over other buyers, especially if the home you want is in a hot market. Pay less each month The less you borrow for your mortgage loan, the bigger your down payment. The less you borrow, the less you'll have to pay each month on your mortgage. Setting aside monthly money for repairs and other costs is easier. Cons of 20% downpayment Only some buyers should put 20% down. Some buyers just need the money, and others would rather save some money for repairs and other costs in the future. Consider these cons when deciding how much of a down payment you need to buy a house. Extended Time to Save Most people need months, years, or even decades to save up for a down payment. When you think about how much you'd spend on rent each month, waiting until you have 20% for a down payment can cost you a lot. You might save more money in the long run if you buy a home now instead of renting while you save up for a 20% down payment. Less money to fix things and buy other things. New buyers can save a lot of money on homes that only need minor repairs. But the more you put down as a down payment, the less money you'll have left over for repairs and upkeep. Greater Monetary Risk It's hard to get back the money you put down on a mortgage. If you think you will need the money for something important in the future, it is wise to put down less and save up for an emergency. How much of a down payment do you need to make? Depending on your loan type, you may need a different amount for a down payment. Some of the minimum down payment requirements depend on whether you're buying a primary residence, a second home, or an investment property. The amount you need for a down payment on your main home, also called your primary residence, can vary, and it depends on the type of loan you want and how much money you already have. Conventional loan: The requirements for a traditional loan on a primary home are entirely up to the lender. Some lenders might ask for a 5% down payment, while others only want a 3% down payment. If your credit score exceeds 620 points, your lender may offer you loan options with less down payment. FHA loan: You'll need at least a 3.5% down payment for an FHA loan. You'll need a credit score of 580 or higher to put down the minimum 3.5% FHA loan. Related: Read here to learn more about conventional and FHA loans. USDA loan: Like a VA loan, a USDA loan doesn't require a down payment. But to be eligible, your home needs to be in an approved rural or suburban area, and each household member needs to make enough money. VA loan: You don't need a down payment when you get a VA loan. There are rules about how long you must have served and why you got out of the military. On the Department of Veterans Affairs (VA) website, you can find everything you need about the service requirements for a VA loan. You may also be able to get a VA loan if you are the spouse of a military member or veteran who died in service or because of a disability caused by service. You can also find the complete eligibility requirements for spouses on the VA website. So, how much down payment should you make on the house? There's no one-size-fits-all answer for this one. Look at how your down payment will affect your monthly income. Or use our home valuation to understand how a specific down payment will affect your monthly income. Enter your basic information and try out different payment amounts. Final Thoughts Today, you no longer have to pay 20% to buy a home. You can buy a home with as little as 3% down, and if you qualify for a VA or USDA loan, you might even be able to buy a home with no money down. If your down payment is less than 20%, you might have to buy private mortgage insurance, pay a higher interest rate, or deal with more competition in the housing market. But if you can afford a 20% downpayment, it will be better for you in the long run because of lower interest rates. Still trying to decide which type of mortgage best fits your needs and the amount of money you have saved for a down payment? Reach out to us at Loft Realty to learn more about getting approved and to determine which loan option will work best for your finances.
10 Things To Be Grateful For As We Celebrate Thanksgiving in Delaware
Everyone seems to be in a Christmas mood now that Halloween is over. Maybe they were so happy that they forgot about a different holiday a month before Christmas. In the past few years, everyone seems to have forgotten about Thanksgiving. And look, Christmas is great, but that doesn't mean you should forget Thanksgiving. Maybe you're reading this while sitting in front of your Christmas tree, listening to holiday music on your computer. Or perhaps you’re wearing six holiday-themed sweaters or shaking your head vehemently because you disagree. But today, we’ll tell you why you shouldn’t miss this important day in America. In honor of the wonderful Thanksgiving holiday, here are ten things to be grateful for as we celebrate Thanksgiving in Delaware. 1. Family Image Source: Tyler Nix Maybe your aunt is known to be too loud. Or your younger niece is annoying and acts like a child. Perhaps your grandma is right when she tells you your skirts are "too short." But when it's Thanksgiving, you put aside all these differences and act like a typical family. It could be because of the Christmas spirit, but it could be because they're full of turkey. Kidding aside, it’s a beautiful time to set aside all family issues and just be together once a year. Maybe it’s more meaningful now after the pandemic made us so isolated. You’ll be glad to go back to your roots now and then to see how far you’ve come and how your family is doing. 2. The Abundance of Food Image Source: Stefan Vladimirov Thanksgiving is about overeating and falling asleep on your aunt's kitchen floor. This is the only meal of the year when eating many traditional holiday foods is okay. Gobble up some turkey, stuffing, cranberry sauce, green bean casserole, sweet potatoes, squash, rolls, mashed potatoes, and pumpkin pie to your fill. What could be better than that? 3. The Beauty of Autumn Image Source: Jakob Owens At the beginning of September, when everyone is still wearing bikinis and drinking hot Pumpkin Spice Lattes, everyone is excited that fall is finally here. By November, the autumn had arrived in all its splendor. The leaves are at their most vibrant, and the air is at its coolest. Why rush through Christmas’ snowstorms and temperatures below zero when the weather you've been waiting for during Thanksgiving has finally come? 4. The Annual Homecoming Image Source: Isaac Owens Those who work long hours and don't get to spend time with their families at home often get the day off for Thanksgiving. So, Thanksgiving is when many people who have been away from home for months finally return and spend time with their families. 5. Thoughtful Reflection Image Source: Artem Kovalev If we take Thanksgiving apart, it comprises the words "thanks" and "giving." Thanksgiving is a great holiday because it's the one day of the year when we should all stop complaining and be thankful for all the good things in our lives. Use Thanksgiving to try something new and be grateful for your life. Think about the people and things that matter to you, the hobbies and interests that bring you joy, and the ways you've grown and changed since last year. 6. The Customs and Traditions Image Source: Ekaterina Shakharova Thanksgiving is an old tradition if there's one thing you can say about it. Surprisingly, this custom is very different from one family to the next. Every family has its rituals and traditions around mealtime, from the food they make to the people they eat with to the things they do before and after a meal. On Thanksgiving, we must keep our traditions and start new ones with the people we've just met. 7. The Thanksgiving Parade Image Source: NFT News For people who grew up in a small town outside of the city, the annual Thanksgiving Day Parade was always something to look forward to. This event is fantastic not only because of the creative floats, groups, and individuals who participate but also because of how much thought and planning goes into it every year. This event must be stressful for the people in charge, with all the floats, sponsors, participants, and cameras. It takes a lot of work to get into the city and make room for everyone wanting to see the event. Still, you’ll have a bagel and coffee on your hands on the way to the show. Everyone is there to have a great time. 8. The Ultimate Holiday Image Source: Debby Hudson The Thanksgiving holiday shows what the United States is all about. One of the best traditions in American history began when the first settlers got along with the tribes who lived in the area. Everyone you meet at school, work, the gym, the coffee shop, the grocery store, or anywhere else will be happy and excited for no apparent religious reason. The whole country takes the day off to celebrate this one holiday, which is pretty cool, especially in the modern United States. 9. The Best Sleep of the Year Image Source: Jonathan Fink You can almost feel a food coma as you eat the last of the turkey and pumpkin pie. And then, you'll get the best sleep of the year on Thanksgiving night, which is essential for the last reason … 10. The Aftermath (Black Friday Craziness) Image Source: SJ 📸 If you like Thanksgiving dinner, you'll eat it every day for the next week. You can get more out of your Thanksgiving leftovers this year by making grilled cheese, ramen, and pizza. A feast that never ends, if you will! And who doesn’t love to line up all day for your discounted goods during the Black Friday deals? Final Thoughts We hope reading about all the great things about Thanksgiving helped you remember why you shouldn't miss it. Soon it will be Christmas. But for now, enjoy thinking about how thankful you are to have such great friends and family around you and how excited you are about the delicious meal that is coming. Happy Thanksgiving, Delawareans!
The Best Places to Celebrate Thanksgiving in Delaware
Delaware is a beautiful place to visit any time of year, but if you plan to go there for Thanksgiving, you're in for a different treat. This tax-free state has beautiful malls and a cute Main Street where you can shop on Black Friday and Small Business Saturday. Book a stay at one of the many vacation rentals in Delaware for a great Thanksgiving weekend. Lewes Image Source: Cape Gazette Here’s why Lewes is a great place to celebrate thanksgiving in Delaware On Thanksgiving morning, you can become a Gabby Gobbler at the Lewes 5K. After that, you can watch the games on TV while you eat dinner at the Gate House of Lewes, Striper Bites Bistro, or the Pickled Pig Pub. During Winterfest, you can drive through Cape Henlopen State Park and see more than 60 fantastic light displays along a two-mile stretch. Then, stop by the Christmas Village at the Mays-Lewes Ferry Terminal. This busy village has ice skating, live music, a walking Santa, indoor holiday workshops, and carnival rides like a giant Ferris wheel. And lastly, instead of going to crowded malls and small shops, spend the day hiking at the state park, which is free to enter. Wilmington Image Source: Allevents If you are near Wilmington, you are close to one of the best places to celebrate Thanksgiving in Delaware. Start Thanksgiving Day at the annual MS run, with 5K and 10K routes for adults and special activities for kids. You can have a Thanksgiving feast at the Columbus Inn, a modern tavern in an old building. You can also eat at Big Fish Grill on the Riverfront or get dressed up and go to the Green Room at the Hotel du Pont. Go shopping and ice skating on Black Friday at Horizon Services Riverfront Park. On Saturday, you can celebrate the holidays with the locals at the annual Christmas Parade that goes through downtown. Check out the Broadway Christmas Wonderland at The Playhouse on Rodney Square for a show as good as the Radio City Music Hall chorus girls who kick their legs up high. Dover Image Source: Delaware Online You’ll never run out of activities in Dover this Thanksgiving! Trot over to the 5K run before going to Michele's at the Dover Downs Hotel and Casino for a Thanksgiving meal, and then stay for some slot machine fun. At McGlynn's Pub, sports fans can enjoy a great meal while watching football on TV screens that are bigger than life. Start your Black Friday shopping at the Dover Mall, where you can find stores like Dick's Sporting Goods and Old Navy. On Small Business Saturday, visit the shops in downtown Dover. You can save money on great deals, as Delaware has no sales tax. Visit the Air Mobility Command Museum for a change of pace. It has more than 30 old planes, such as a presidential plane, a helicopter, a bomber, and cargo haulers. Rehoboth Beach Image Source: Delaware Online Another great place is the legendary Rehoboth Beach. On Saturday, you can join the locals at the Huffin for the Pumpkin Pie 5K. Farm-to-table food is served at Salt Air and Big Fish Grill. The tree-lighting ceremony includes a sing-song of the holiday classic "Have Yourself a Merry Little Christmas." If you like locally made shows, the Clear Space Theatre Company puts on a Christmas show every year starting the weekend after Thanksgiving Milford Image Source: Visit Milford Suppose you are a Milford native. Head south to Lewes, and join local families in the Gabby Gobbler 5K run. Then, head back to Milford for a delicious Thanksgiving meal at the Georgia House, WestSide Restaurant, or Abbott's Grill. This artsy town has a lot of art galleries, and Walnut Street and the Downtown Riverwalk are full of cute shops that make Black Friday shopping a breeze. Make sure to visit the historic grist mill site at Abbott's Mill. After a tour, you can walk through undeveloped land on a trail that goes by a pond and through meadows. The Nature Center lets you get up close to local wildlife. Delaware City Image Source: Daily Hive This small port town on the Chesapeake and Delaware Canal is an excellent place to live along the river. Join the locals for a memorable Thanksgiving dinner at Crabby Dick's, Kathy's Crab House, or Cantwell's Tavern, where everything is made fresh on the spot. Local malls and Main Street offer tax-free shopping for hours, but if you want some exercise and fresh air, you can go to the Black Friday OptOutside event at Fort DuPont State Park. Odessa Image Source: Historic Odessa The six-week holiday celebration in historic Odessa is a bit different in how it is done, but it is a lot of fun. In this holiday tradition, scenes from classic books like The Mouse King and The Nutcracker are retold through vignettes that show beloved characters and fantastic settings. You can have a Thanksgiving meal at Willey Farms but only leave with a bag full of treats, like handmade candy corn or old-fashioned horehound hard candies, which are great for stuffing Christmas stockings. Lastly, visit the Appoquinimink Friends Meeting House, a critical Quaker meeting house on the Underground Railroad, to learn about its history. Newark Image Source: Newark Post If you get to Newark the Saturday before Thanksgiving, you can take part in the Turkey Trot 5K walk/run at Handloff Park or the Run for Pie 5K on Thanksgiving Day. Then, have a leisurely meal at the Deerfield Country Club and walk around the Newark Reservoir for a nice view of the city. If you'd rather hike, get some fresh air, and be in a quiet place, skip Black Friday shopping at the Christiana Mall and head to White Clay Creek or Lums Pond State Park instead. It is Delaware's "OptOutside" shopping alternative. New Castle Image Source: Only In Your State To get the best Thanksgiving celebration in New Castle, take part in the Thanksgiving Day MS Run in Wilmington, which is just a few minutes away. Then take a holiday tour of the most elegant and royal DuPont mansion, the Nemours Mansion, and Gardens. Come back to New Castle for a great Thanksgiving dinner at the charming Jessop's Tavern and Colonial Restaurant. When you want to exercise, you can walk through the Old Library, Dutch House, or Amstel House museums, among many others, in New Castle. If the kids need to burn off some extra energy and museums aren't doing it for them, take them to the Jump On Over Inflatable Play Center in Middletown and let them bounce around. Final Thoughts These are the best places to celebrate Thanksgiving in Delaware today. So, plan your Thanksgiving getaway as early as now and hop on to these activities near your cities!
Best Beach Restaurants to Eat on Thanksgiving in Delaware
In just three days, Thanksgiving will be here before you know it. There's no shame in ordering takeout if the idea of feeding a big party is giving you sleepless nights. Several coastal eateries will open on Thanksgiving Day, November 24, for dine-in or carry-out. If you want to save yourself some stress, make your reservations today before they fill up. A side note, though: due to capacity, space constraints, and an avalanche of bookings, many restaurants may not take reservations. But check their social media platforms for any last-minute opportunities. So, with that out of the way, let’s check out the best places to eat on Thanksgiving in Delaware. 1. Bethany Blues Image Source: Bethany Blues Bethany Blues is open this Thanksgiving at 18385 Coastal Highway, Lewes, to relieve some of your holiday stress with delicious food. This year's Thanksgiving menu includes fully cooked family dinners with a six-pound herb-roasted turkey breast or a six-pound smoked ham, homemade cranberry sauce, mashed potatoes, cornbread stuffing, and green bean casserole. Additionally, the dinners come with a choice of either a green bean casserole or a green bean casserole. You must place preorders by calling them before noon on November 21. You may pick up orders on November 24 for cold pickup between 2:00 and 8:00 p.m. or hot pickup between 9:00 a.m. and 12:00 p.m. Prices start at $245 for a meal that can feed 8–10 people or $135 for a family supper serving 4–5 people. 2. Big Fish Grill Image Source: Big Fish Grill Want a Thanksgiving buffet? Then, you have to check out the Big Fish Grill. Located at 20298 Coastal Highway, Rehoboth Beach, they are hosting a Thanksgiving buffet on November 24 from 10 a.m. to 7 p.m. through reservations. The Thanksgiving plated dinner comes with a choice of appetizers. There’s a lot of oven-roasted turkey and honey-baked ham, a lot of homemade sides, and the Big Fish dessert trio served on a silver platter. In addition to a variety of appetizers, sushi platters, and main dishes, Big Fish also has a raw bar with many choices. Pricing for the three-course plated lunch for Thanksgiving is $46.95 for adults, $21.95 for children ages six to 12, and $9.95 for children under the age of 5. 3. Fork and Flask Image Source: Fork and Flask Fork and Flask, located at 19730 Coastal Highway, Rehoboth Beach, is another Thanksgiving dinner option fit for you and the whole family. There are a variety of Thanksgiving takeout alternatives available. The feast feeds 8–10 people and comes with traditional holiday ingredients. There are also individual meals and things à la carte. On the menu for dine-in service on Thanksgiving Day are oven-roasted turkey and sage-roasted seitan, as well as a choice of two sides, such as green bean casserole and glazed carrots. You are free to dine on Thanksgiving Day between 1 and 6 p.m. Pricing includes a Thanksgiving feast for $230, individual dinners for $24, and a sit-down Thanksgiving meal with three courses priced at $44 per person. 4. Harvest Tide Steakhouse Image Source: Harvest Tide Steakhouse Nothing beats the Harvest Tide Steak House for the best in-house dining experience for Thanksgiving. They also offer takeout and delivery at 410 East Savannah Road in Lewes. The Thanksgiving dinner menu includes hors d'oeuvres, roasted butternut squash soup, or a seafood platter. You can also enjoy a salad station and the carving station, which offers pork loin with pineapple glaze, smoked ham, or dry-aged prime rib as options. On the menu, items available for takeout are whole dinners, salads, side dishes, and desserts. Thanksgiving buffet service will be available from 11 a.m. to 5 p.m. On or before November 24th. You must have placed all orders for takeout. Dinner prices are as follows: $45 per person and $19 for children aged 5 to 12. 5. Irish Eyes Pub Image Source: Irish Eyes Pub For all beer lovers, the ultimate experience will be the Thanksgiving feast at Irish Eyes in Lewes, located at 213 Anglers Road. The buffet is open from noon until six in the evening. The Thanksgiving dinner buffet has a variety of traditional dishes, such as herb and sausage stuffing, whipped potatoes, slow-roasted turkey, honey-glazed pit ham, and more. Buffet prices are as follows: $38 for adults, $15 for children aged ten and below, and free for children under 4. Final Thoughts That wraps up our list of the best beach restaurants in Delaware for you to eat at this Thanksgiving. You will never go wrong at any of these establishments. What’s your favorite restaurant in Delaware that we should include in this list? Let us know in the comments below!
How to Prepare for Thanksgiving in Delaware
Thanksgiving is right around the corner, and you don’t want to stress about it, right? Thanksgiving is a significant event that can be stressful because it requires a lot of last-minute excursions to the grocery store. And perhaps, even some turkey that has been overcooked. You may avoid all this stress and frustration by reading the steps we've provided below, which are simple, fast, and easy to understand and implement. Here’s the best way how to prepare for Thanksgiving in Delaware. Are you ready? Let’s get started. 1. Double-check all of your recipes. You should have everything ready three days before the big event. Make a list of what you need to buy at the grocery store. You won't have to send your partner to the store at the last minute to get items that are already hard to find. Also, you should only buy as much food as you know you will eat. With this, you'll be able to cut down on waste and save money simultaneously. 2. Create a Grocery List Now that you know what you're missing, you can check to see if there are any other items you should add to your list for your next trip to the store. Check your current stock to make sure everything is updated. Check to see if you still need napkins and utensils that won't be eaten. Once you have everything on your list, it's time to go shopping for Thanksgiving treats. 3. Get your kitchen ready. Yes, you should do this, and it's not just to show off how clean your home is to guests. If your kitchen is well-kept, it will be easier for you to follow the steps in your recipes. The best place to start cooking the turkey, which will be the main dish, is in the oven. Be sure to clean it well so your food cooks the same way everywhere. This will also keep you from breathing in the smelly smoke from burning old food. After the oven, you can prepare the rest of the ingredients. Before you start cooking, put out all the pots, pans, and baking dishes you need. One easy step could make the difference between a perfectly cooked turkey and soft potatoes and one taken out of the oven a few minutes late. 4. Make a stylish and suitable table setting Thanksgiving is a significant holiday. Since this is the case, it only makes sense to want to look clean. Bring out your best dishes and silverware, and if you're using a specific set, make sure you have everything you need. Everyone at the table agrees with you. Choose a tablecloth that goes well with your centerpiece and is suitable for the occasion. Use flowers that match the theme of your table setting, and excitingly fold the napkins. Folding napkins and changing the tablecloth is not fun, so plan ahead. Keep in mind that you can either do everything or nothing. You can skip them and set a clean table if they are too much trouble. 5. Present your turkey. Now it's time for the main event, the turkey! Even if you know how to cook a turkey, you should keep a few things in mind if you want to wow your guests. Defrosting the turkey takes a long time, and it can take 30 minutes to thaw in cold water and a day per pound in the fridge. The necks, livers, hearts, and gizzards are often already in them. Remove this package right before you put the chicken in the oven. It's a common mistake for a beginner to forget to take it off. Make gravy and stuffing with them instead. When cooking a turkey, the white meat in the breast will be ready to eat before the dark meat in the thighs and legs. Baste the turkey often and cover it with foil to keep it moist. If you need to feed many people, buy a bunch of smaller turkeys instead of one big one. Cooking a large turkey has some unique challenges. Bonus: Don’t forget the gravy and mashed potatoes. Gravy completes turkey. Making it is easy. Many turkey gravy recipes don't involve turkey components; using them requires preparation. Many enjoy using chicken pieces to improve the gravy's taste. If you choose this option, cook sauce two days in advance. When ready, refrigerate until needed. Reheat the sauce and spoon it over sliced turkey on Thanksgiving. Turkey goes well with mashed potatoes, too! Regular and sweet potatoes may be peeled a day before Thanksgiving and cover them in cold water. The next day, boil and mash the potatoes. Add butter and mix-ins upon serving. Final Thoughts With these steps, you are now ready and fully prepared for Thanksgiving in Delaware! More than the meals, what’s important is the time that you’ll spend together with your loved ones. And, don’t forget to give thanks to a wonderful year that has been. Enjoy Thanksgiving!
Credit Scores: What are the Minimum Scores You Need to Buy A Home?
Are you worried about your credit score when buying a new home? Well, you shouldn’t be. Because if you want to buy a home here in Delaware, you must pay close attention to this one. Your credit score may not be the only thing considered when applying for a mortgage, but it is crucial. When looking for a new home, knowing how your credit is doing and how to use it to your advantage to get the best mortgage rate is essential. So, before discussing the minimum scores, let’s talk about credit scores first. What is a Credit Score? Your credit score, also called a FICO Number, can range from 300 to 850, with 850 being the best score possible. Even though a credit score of 740 or higher is perfect, you don't need a score of 740 or higher to buy a home. National credit agencies figure out and keep track of credit scores. These scores consider different kinds of debt, like credit card debt, car loan debt, and student loan debt. Your credit score depends on many things, but the two most important are whether or not you pay your bills on time and how much debt you have. With a credit score based on these factors, lenders can quickly determine if you will likely pay your future bills, like your mortgage. So, now you know what a credit score is, let’s talk about the minimum credit scores for each type of loan. Minimum Credit Score for Conventional Loans? The lender has a lot of freedom when setting the minimum credit score that an applicant must have to get a conventional mortgage. Financial institutions can set credit score standards that align with their business plans. They can also put credit score cutoffs that change depending on local or regional market conditions. For example, some mortgage lenders may only work with applicants whose FICO® Scores are higher than 740, which is very good or excellent on a scale from 300 to 850. In comparison, others may focus on giving subprime mortgages to applicants whose FICO® Scores are lower than 740. Several lenders offer a wide range of mortgage packages to fit borrowers with different credit scores. When everything is considered, the absolute lowest FICO® Score you need to get a conventional mortgage is usually around 620. Minimum Credit Score for FHA Loans? Loans backed by the Federal Housing Administration (FHA) help people buy their first home in the United States. Banks, credit unions, and mortgage brokers follow strict rules set by the FHA. People who don't have a lot of credit history or whose credit history isn't great might want to apply for an FHA loan. A minimum FICO® Score of 500 is needed to get an FHA mortgage. However, applicants with scores between 500 and 579 need to put down at least 10% to be approved. Those with credit scores of 580 or higher may be able to get a loan with as little as 3.5% of the total loan amount as a down payment. Minimum Credit Score for USDA Loan? The United States Department of Agriculture (USDA) gives home loans to people with low and moderate incomes. This loan helps them buy homes in rural and suburban areas, which comprise 97% of the country’s rural area. There are three types of USDA home loans. First, for people with meager incomes. Next, for those who want to make improvements. And third, for qualified people with moderate incomes who wish to get a loan with a low-interest rate and a small down payment. The interest rates on mortgages and the most you can borrow through a USDA loan can change depending on the market conditions in each part of the United States. Even though the USDA doesn't say the minimum credit score for loans it backs, applicants in most countries need at least a 640 FICO® Score. Minimum Credit Score for VA Loan? VA Loans are housing benefits offered by the U.S. Department of Veterans Affairs. With the help of VA loans, eligible service members, veterans, and surviving spouses can buy homes with a small or no down payment and without having to pay for private mortgage insurance. Issuers of VA loans have a lot of freedom in deciding the minimum credit score, but they have to look at applicants with FICO® Scores as low as 620 if they want to accept them. So, how do I increase my credit score? Getting your credit score up could be helpful. If you want to buy a home for the first time but have a low credit score, you should start working as soon as possible to improve it. Always pay your bills on time, check your credit history to make sure it's right, and check your credit score from time to time, so you know where you stand. Lenders may be less likely to give you a loan if they hear that you have made many credit applications quickly. When you're trying to get a mortgage, there are a few things you should try not to do, which will give you more options. Here is a short list of what they are. Don't try to get any new credit cards. Keep your credit cards (since this can also impact your credit score, so don’t cut them!). Wait to fill out any new loan applications. If you can help it, don't co-sign any new debts. Final Thoughts You don't need perfect credit to get a mortgage, but having good credit can help you get the house you want by giving you more financing options. So, you should raise your credit score, avoid applying for new lines of credit while looking for a new home, and talk to a qualified mortgage loan officer to help you with your options. If this overwhelms you, don’t worry. Our goal here at Loft Realty is to walk you through these hard-to-understand topics as stress-free as possible on your side. We only suggest steps that are tailor-fit to your needs. You can reach out to us today, and we’ll discuss what works for you.
How To Prepare Your House for Winter This Fall
With fall now in full swing, we know you feel it. The cold breeze of winter is indeed right up around the corner. It's now cool enough to wear sweaters and boots, and pumpkin spice lattes are back in stock. But, even if we are emotionally prepared for autumn, our houses need some sprucing up before they are ready for winter. Here are some pointers to help you prepare your house for the rest of the autumn and the upcoming winter seasons. Hence, you experience proper safety and warmth when you curl up next to the fire throughout this season. Check your fireplace & HVAC systems. Image Source: Hayden Scott First, check your fireplace. In keeping with the theme of coziness and warmth, now would be an excellent time to get your fireplace inspected and cleaned. Be sure that the damper is operating correctly, that no debris is blocking the duct, and that you can see sunlight coming in through the top of the chimney. If you own a heating and cooling system, it's a great time to make an appointment with a professional and get it checked out. A checkup may cost up to $100, but peace of mind is priceless. Keep in mind that you should replace your filters regularly. It is a crucial step in ensuring that your system continues to operate effectively. Clear out the debris from your gutters. Image Source: Lachlan Preventing “ice dams” formed in your gutters is a must. Clear up your gutters after the leaves have fallen from your trees to lessen the likelihood of ice dams forming in the winter. Make sure that your gutters are not drooping and collecting water by visually inspecting them. Any gutter hangers and downspout brackets that need it should have their screws tightened, repaired, or replaced. The downspouts should reach at least five feet from the structure; if necessary, you may add extensions. Examine the roof. Image Source: Edgar Moran Since you’re cleaning the gutters already, you might as well check the roof. From the bottom, carry out a visual assessment of the roof, take binoculars to look at steep roofs, or climb up for a better perspective. Check to see if shingles are missing or damaged. Clear away leaves and debris from your flat roof regularly. Insulate your house for the winter. When it comes to the fall and winter seasons, it is vital to seal your home! It may help you save money by eliminating energy-wasting air leaks and preventing moisture from entering your walls. Both of these issues contribute to higher utility bills. Find some caulk tubes in colors that match the inside and outside of your house, and use them to fill up gaps around the windows, trim, and pipes, among other places. Check the temperature above 50 degrees (this will help the caulk flow smoothly). It is also an ideal chance to examine worn-out or damaged weather stripping and repair it. Secure your garden hoses and sprinkler systems. Image Source: Steve DiMatteo Never neglect your garden hoses and sprinklers! If the temperature dips below freezing, disconnect your garden hoses from the outside faucets, so you don't cause harm. Turn off all shutdown valves on the water supply lines that feed external faucets. Empty the water from the garden hose before putting it away in the garage or shed. Buried irrigation lines are more likely to freeze, which may result in burst pipes and damaged sprinkler heads. Follow the instructions below to prevent the pipes from freezing: You should turn off the water supply to the system at the main valve. Put the automated controller into the off position. Opening the drain valves will allow you to drain water from the system. Take off any sprinkler heads that are above ground, and give them a good shake to get the water out. When it is dry, replace it. You also have the option to have this done for you by a trained professional. Double-check your safety devices. Image Source: The Spruce As for your other safety devices, you must change the batteries in all smoke detectors and carbon monoxide detectors. Perform the necessary checks to ensure that they are in good functioning order in case of an emergency. Make sure everyone in the family knows the plan by going through it together and practicing it in an emergency. Final Thoughts We hope that you and your family will find these pointers helpful in answering the issue of how to prepare your house for winter this fall. This way, you can rest easy and stay cozy without stressing out about freezing pipes, high electric bills, or malfunctioning fireplaces. Are you dreaming of a home here in Delaware? We at Loft Realty are here to help you. Reach out to us today, and together, let’s get that dream home you love.
5 Romantic Date Spots in Delaware this Fall
This autumn, you and your special someone needs a new, exciting way of expressing your love for one another. And in case you’re wondering, yes, you can get all your seasonal romance needs in Delaware. It might be challenging to meet new people or ask one out on a date throughout the fall months, and people may be a little cold during this season. But we've got some suggestions to keep the warmth of love alive. We've compiled a list of 5 romantic date spots in Delaware this fall and numerous ways to get to know someone, ranging from the simple and informal to the epic and romantic. Ready to warm up your love life? Let’s get started. 1. Start your day with a lovely coffee brunch date in Drip Cafe. Image Source: Only in your State Spend the morning coffee warmth with your special someone in the humble town of Hockessin. The brunch menu at Drip Café is full of new and exciting options. They take breakfast favorites and make them into new and fun dishes. For those who like to stick to the classics, they make breakfast classics from scratch using local ingredients. Whichever you want, you’ll indeed have a romantic morning with each other and will set the mood for the rest of the day. 2. See some autumn flowers at the Longwood Gardens. Image Source: Visit Wilmington DE Flowers wouldn't bloom without birds and bees, making Longwood Gardens a lovely setting for a budding romance. A romantic fall atmosphere pervades every inch of the extensive outdoor gardens and the world-famous conservatory. Oh, and don't forget to leave space for a satisfying meal at 1906 or a relaxing cup of coffee in the café throughout your stay. Also, the best local and visiting artists perform in various genres, from raga to jazz to classical, in theaters and concert halls, both big and small. You can also spend time together and learn the art of flower arrangement. Or, you may also check out one of those fantastic fountain displays that will make love bloom like springs. 3. Reflect on the wonders of love and nature at Mt. Cuba. Image Source: Only In Your State During the garden highlights tour at Mt. Cuba in Greenville, you and your special someone can ponder the intricacies of love as well as the wonders of the world. A contemplation of the natural world around you is the single most effective way to feel awe–of the world or each other. The Mt. Cuba Center in Delaware's Brandywine Valley is home to a stunning botanical garden dedicated to preserving native species and the ecosystems in which they are found. It’s a great time to spend a quiet afternoon away from the bustling cities and listen to the beating of each other’s hearts. 4. Have a candlelight dinner at the Candlelight Theater Image Source: Visit Wilmington DE At The Candlelight Theatre in Delaware, where all of the productions on the main stage come with dinner, you can make a romantic night out of going to the theater. This month, "The Best of Candlelight" will be the main attraction. Still, "A Christmas Carol at Candlelight" will bring some holiday brightness to the proceedings in December. 5. Enjoy a dinner for two at Harry’s Savoy Grill Image Source: Nextdoor And last but not least. A supper for two at Harry's Savoy Grill in Wilmington, where you can enjoy oyster happy hour or dinner. Harry's Savoy Grill is the most acclaimed restaurant in all of Delaware. Diners and reviewers have chosen it time and time again as the "Best of" for fine dining, steakhouses, date nights, and the top restaurant in North Wilmington! You will indeed have a good time in any year's season thanks to their award-winning wine selection, inventive cocktail menu, and warm and inviting ambiance in the autumn and winter. Final Thoughts These are the five romantic date spots you can enjoy with your special someone this fall in Delaware. No matter what you pick from any of these, you’ll have a warm and significant time with each other.
Frequently Asked Questions when Buying a Home (Part 2)
Hello, homebuyers! Are you looking to buy a home soon? Or you may be ready to get one right now. Perhaps you had a lot of questions, and maybe you’re too shy to ask. As real estate agents and experts for a long time, we always encounter all sorts of questions as people buy homes. And it’s good! If there’s one thing that you need to do right, it’s to ask as many questions as you can. Since this is a big purchase, you want to make sure you are making the best decision possible. However, we noticed to see patterns. So, we’ve listed the most frequently asked questions we encounter when people buy a home. We’re sure you also have these questions, so why don’t you sit back and read on? How much cash do I need to save at closing? This one is a question that you should always ask. People only prepare for the downpayment, but closing costs are where surprises happen. And you don’t want that to catch you off guard. Closing fees typically range from 2–5 % of the buying price of a house. For perspective, that's $4,000 to $10,000 on a home costing $200,000. Yep, you read that right. You don’t want to be surprised by that in closing! In addition to the down payment of 5% to 10%, you will also be responsible for paying closing charges. In this case, the total amount due at closing for a $200,000 home example we have might be anything from $14,000 to $30,000. Can my spouse be on the deed if they're not on the mortgage? Yes! You have to make sure you understand the difference, though. The deed and mortgage are two different things. The act proves you own a home and is responsible for living in it, and the mortgage is the document that outlines the terms of the loan. In simple terms, the deed = ownership, and the mortgage = payments. So, technically, even if your spouse is not on the mortgage, they can still be included on the deed. That is if you want them to have full legal rights in your home. What is the seller's assistance? When you are in the middle of the home-buying process, you’ve heard this term. When a seller offers to help with closing expenses, they may do so by granting a credit to the buyer. You may use this credit for various purposes, including but not limited to the down payment on a home, the first month's mortgage payment, escrow and title costs, and property taxes. This credit is what you call a seller’s assistance. Seller assists, also known as seller aid and concessions, are often requested by purchasers with sufficient funds for the down payment and monthly payments but lack the funds necessary to cover closing fees. Let’s give an example. Suppose a house is listed for $300,000 on the market. A buyer may propose a price of $295,000, subject to a 3% seller assistance. To help the buyer out with closing expenses, the seller will offer them a credit of $8,850. That's a total of $286,150 in seller proceeds. You might think it's a loss to the seller, but it's not. It's a win-win for both the buyer and the seller, especially when the seller is struggling to make a sale. Final Thoughts These are the most frequently asked questions that we always receive from our clients here at Loft Realty, and there are so much more that we love to answer. What questions do you want to ask your agents that you are afraid of? Let us know in the comments below, and we’ll answer them. And you know what? It’s always better to talk about these in person. Feel free to call or email us and let’s chat and get you started on your home-buying journey.
Frequently Asked Questions when Buying a Home Part 1
Hello, homebuyers! Are you looking to buy a home soon? Or you may be ready to get one right now. Perhaps you had a lot of questions, and maybe you’re too shy to ask. As real estate agents and experts for a long time, we always encounter all sorts of questions as people buy homes. And it’s good! If there’s one thing that you need to do right, it’s to ask as many questions as you can. Since this is a big purchase, you want to make sure you are making the best decision possible. However, we noticed to see patterns. So, we’ve listed the most frequently asked questions we encounter when people buy a home. We’re sure you also have these questions, so why don’t you sit back and read on? What does my credit score need to be? We hear this one a lot. Lenders have the last say on the minimum credit score needed to get a mortgage. However, minimum scores may vary widely depending on the loan you want to apply for. But we can give you the general rule. If your FICO score is above 740, you don’t need to worry about it. Because this score is considered very good and exceptional, and you can quickly get a mortgage with a score like this. Other loans can have lower minimums but require some other conditions. For an FHA loan, you need a minimum credit score of 500, but you need to make a down payment of 10% to qualify. For USDA loans, the minimum credit score is 640, and VA loans can be as low as 620. How much money do I need for a down payment? The next golden question that everyone cares about. You may have heard that 20% is the ideal amount to put down on a home when buying one. But we all know that the idea of a 20% down payment can make homeownership feel unrealistic. The good news is that very few lenders still require 20% at closing. That said, it may still make sense to pay 20% of the home’s purchase price if possible, and it's because the higher the money down, the more you can save on interest rates. Also, based on the type of loan you applied for, some lenders might ease out and require you to pay a lower percentage. For instance, conventional loans only need 3-5% money down, and FHA loans can require between 3.5%-10%. How long does it take to close, and when can we move in? Well, it depends on many factors, like the lender's speed and the appraiser's speed. It also differs on what type of loan you applied for. But if you buy in cash, it's faster. With an all-cash transaction, you may complete the closing process quickly. You only need to make a formal ownership change, send the money, and get the keys. But, like the rest of us mortal beings, our only option is a mortgage application. And on average, for the year 2022, the average time for the entire process is between 39 and 59 days. When should I start the house-hunting process? Ideally, you should start looking for a new home five to six months before your current lease is up for renewal. You may use this time to look at houses and be pre-approved for a mortgage. Is that all? We still have a few more frequently asked questions when buying a home such as how much money should we prepare for closing costs or do "I" need to add my spouse on the deed? We'll get all these questions addressed, however, if you are in need, feel free to call or email us and let’s chat and get you started on your home-buying journey.
5 Fast Facts in Delaware
Hello friends! Ready for some fast facts about Delaware? It will come right at you so fast you won't even have time to blink. If you're all set, let's get started. 1. There are more chickens in Delaware than there are people. Image Source: Antiquity Oaks Why did the chicken cross Interstate 95? Naturally, so it can reunite with all 1,999,999 of its pals over the other side! The second-smallest state, Delaware, is home to two million chickens, dispersed over all three of its counties. You may not believe this, but Delaware's chickens' ratio to humans is 200:1. You may be riding your bike through Delaware, ranked as the third most bike-friendly state, and exclaim, "Look at all those chickens!" as you pass a field. 2. We love blue chickens so much that they became our Official State Bird. Image Source: 10Best At this time, the "Delaware Blue Hen" has been designated as the official state bird of Delaware. There are a lot of different explanations as to why the "Blue Hen Chicken" is Delaware's official state bird. Here is the one that is likely to be the most well-known among them. It is widely believed that the courage and savagery shown by Delaware warriors during the Revolutionary War served as the motivation for their choosing. During that era, cockfighting was a relatively common kind of entertainment. In addition, as time passed, the hens and chickens that participated in the conflict evolved into a metaphor for courage and bravery in facing adversity. Since then, the "Delaware Blue Hen Chicken" has been officially recognized as Delaware's state bird. 3. We even have an Official State Bug that empowers women. Image Source: Yahoo Since April 25, 1974, the "Lady Bug" has been recognized as Delaware's "official" state bug. In some areas of the globe, it is also referred to as the 'Ladybird Beetle,' the 'Lady Fly,' and the 'Lady Beetle.' The pupils in the second grade at Lulu M. Ross Elementary School and their teacher, Mrs. Mollie Brown-Rust, put in a significant amount of work, which resulted in the proclamation being made. Today, we have the famous Ladybug Music Festival, where we celebrate the beauty and art of bug music–just kidding! The Ladybug Festival was established in 2012 and is the country's LARGEST celebration of women in music. It has a lineup headed entirely by female artists. It provides women platforms and empowers them in all aspects of music event production. 4. We have a town that is only 0.1 square mile across. Image Source: Google Maps Yes, you read that right. At 0.1 square mile–not 1, but 0.1, Hartly is the smallest town in Delaware. This little village is located just outside of Dover. While it only has 76 people, it has a strong feeling of community. They take great pride in their colonial past since the town itself goes back to the year 1734. The year 1984 was the 250th anniversary of the founding of Hartly, and the city was celebrated in a big way. Local historians even compiled a comprehensive town history just for the event, which can be seen on their website. 5. We are once called “New Sweden.” Image source: Adventure Journal To set the record straight, the very first log cabins in North America were constructed in 1638 by Finnish settlers. There are rumors that these log homes were built in a city named "New Sweden," named after that country. This location is really modern-day Delaware. Final Thoughts These are the five fast facts in Delaware that we want to share with you today. What are your favorite fun facts that you know about the state? Let us know in the comments below! If you love this article, check out the five best dog-friendly beaches in Delaware. And, if you're looking for ideas on what to do in Delaware this fall season, check out the best things to do in Delaware this fall.
3 Things To Do RIGHT NOW if You Want to Buy a Home Within 12 Months
Video Reference: If You’re Looking To Buy a Home within the Next 6-12 Months Are you looking to buy a home for the next 6-12 months? Or, are you afraid to buy a home because of our current housing market situation? Many of us have seen this type of market change happen to us before. And, with all sorts of information being thrown around lately, it's natural to be fearful. However, you have an immediate need to buy a home, whatever the reasons may be. But the key to success is to take action now. If you are serious about buying a home, this post is for you. You need to do three things right now in this market to get that home you love within the next 6-12 months. Are you ready? Let’s dive in. 1. Get your credit score right. This is the time when no one’s buying a home, so get prepared to buy one. And you can begin by getting your credit score right. Credit scores are critical for lenders to see how much debt you carry. A low credit score can mean you’ll have more difficulty paying a housing loan. But, a high credit score can also tell you are a good and responsible payer for a mortgage loan. Your credit score is within your control, and you can improve it by taking positive actions and habits. A good credit score of around 670 and higher is good enough to qualify for a mortgage. Ramping up to 740 will secure your status as a good borrower for lenders. Stop waiting. Get your credit score right. 2. Start saving some money. This one is obvious but tricky. You may be like, “Hey, how do I save money during this high inflation period? I’m always spending more now.” And our quick answer to that is, don’t spend as much! It’s all about habits and how serious you are about buying a home within a year. Maybe you’re getting married and planning to move to Delaware for good. Or you're waiting for your first job and want an excellent place to live. Whatever your situation is, it's essential to start saving now if your target is to have a home within the following year. It’s a cliche, we know, but your future self will thank you for it. 3. Have a consistent job for more than a year. And the last one, if you’re on a mission to buy a home for the next two years, keep a stable job. We know you like taking time to get all your money and life situations organized and making sure your financial life is nice and sturdy. A steady job will help reduce stress and keep your cash flow consistent and predictable. And that is very important since you have a goal to buy a home within the following year. When you have a clear picture of your cash flow and target date, it’s easier to determine if you can save. Buying a home is not easy, so we want to minimize risk and ensure you have enough for a down payment. Once you’ve got everything together, then it’s all about what you can afford. Final Thoughts At the end of the day, renting is a 100% interest rate. I know it’s crazy to say, it’s so cliche, but it is. The longer you wait, the more money you lose renting. So, once you’re ready to buy, go for it. We at Loft Realty are committed to bringing you into the home of your dreams and leaving you feeling appreciated and well-served. Getting your dream home within the next 6-12 months is possible. Reach out to us today, and let us help you get started.
5 Best Dog-friendly Beaches in Delaware
Dear all dog owners in Delaware, it’s time for your dogs to shine. Because today, we decided to look at the best dog-friendly beaches in Delaware for your furry buddy! In summer, the beaches are packed with people, which can make beach walks difficult for your dogs. But now, as the fall kicks in, the beach is more of a fun place to visit (for your dogs) to run around in the sand. So, are you ready to run with your dog along the Delaware shores? Here’s our list of the five best dog-friendly beaches in Delaware that you and your dog will love! 1. Lewes Beach Image Source: Sara Bozich Taking a morning stroll or evening stroll at Lewes Beach while listening to the tranquil sounds of the ocean is like meditation. Some of the most unforgettable experiences on Lewes Beach may be had with your four-legged friend. Lewes Beach is an ideal vacation destination for pet owners, with much to do and places to stay that welcome canine guests. The beach is dog-friendly just before 9:30 a.m. and after 5:30 p.m., making those times perfect for starting and ending the day with your furry friend. Fine, beige sand covers the area where Delaware Bay meets the shore. Get up before dawn to see your pet leave its imprint on the beach. Return to the beach during golden hour to learn about the town's maritime history and culture. Enjoy the remaining daylight by playing in the water or sitting back relaxing.. 2. Woodland Beach Image Source: Bring Fido The contemporary atmosphere of Woodland Beach stands in stark contrast to that of the beach back in the 1800s. A storm in 1878 wiped down a prosperous waterfront district and bayside amusement park, returning the shoreline to its natural nature. Today, beachgoers bring their pets to enjoy the sand and surf. Only a short drive from Smyrna, the magnificent natural setting of Woodland Beach is well worth the trip. The shifting tides in Delaware Bay are responsible for the sloping sand at this beach. Dogs have to be leashed at all times on the beach, but that won't stop them from taking you for a run as you follow in their wake to the water. Let the cool water wet their fur as they doggy paddle through the steady waves. Having a pet on a leash means you'll get wet as the animal shakes off sand and dirt, but that's just part of the beach experience. 3. Dewey Beach Image Source: Pinterest Dewey Beach is a thriving metropolis that welcomes pets as part of its further development. It’s conveniently located near several of Dewey's pet-friendly hotels, so ‘Fido and Fluffy’ won't have to go far to enjoy a day at the beach. Have you heard that Dewey Beach has some of Delaware's finest water quality? The NRDC gave the waters off the shore of Dewey Beach a perfect score of 5 stars, so you may feel safe bringing your pet swimming there. Watch how their snouts bobble over the water's surface as they doggy paddle or stick close to the shoreline to quickly leap the waves as they come in from the ocean. Dewey Beach is a year-round dog-friendly destination, thanks to its convenient location and the fact that it receives an average of 200 sunny days each year. Pets are only allowed on the beach before 9:30 AM and after 5:30 PM during summer. What makes Dewey Beach unique is that you can go for a walk with your dog leash-free. The beach is a mile long, so you will have plenty of relaxation time with your furry friend before they get tired (and make you carry them back lol). 4. Fenwick Island Beach Image Source: PlayasparraPerros.com Fenwick Island is the southernmost beach in Delaware, located just north of the Maryland border. There is a pet-friendly beach where your dog may enjoy the ocean air. Fenwick Island, one of the state's barrier islands, is easily accessible by car and has stunning natural scenery. During the summer months, this beach resort is swarming with vacationers. Pets are not permitted on the beach between May 1 and September 30, although they are welcome between October 1 and April 30. You may find deserted beaches if you come just before fall weather sets in or right after spring weather returns. Fenwick Island's coastline spans (distance but in American) along the Atlantic. Let your dogs jump over the friendly waves and cool off, while you sit back and relax in the sand. Thanks to Fenwick's location, it's typically very peaceful and quieter than Delaware's other Beaches. Fenwick Island is a great place to bring your pet for a day trip or a more extended vacation because of the abundance of pet-friendly hotels and motels. 5. Bethany Beach Image Source: Bring Fido There are two things to remember if you want to take them to Bethany Beach. The best part is that your dog may run free on the beach without worrying about being caught in sand traps. The not-so-great part, they have to restrain digging holes in the sand. However, your dog has more important things to focus on, like the big ocean stretching before them. Bethany Beach is a popular destination for families with dogs. The beach is large enough that your dog may use it as if it were its own playground. Bethany Beach is a mile long and 150 feet wide, so your furry friend has plenty of room to dig its paws in and play. Immerse your toes (and paws) in the refreshing seawater. Leave wet footprints on the wooden boardwalk while runners dodge you and other dog walkers, but don't worry—at 12 feet wide, the path is spacious enough for everyone. Final Thoughts That's our list of the best dog-friendly beaches here in Delaware! Of course, there are plenty of other beach locations here in our great State that could be fantastic for you and your pet. So, let us know what is your favorite pet-friendly beach in the comments below! And you know what? If you think calling Delaware home is right for you, Click here, and we’ll show you how to make that a reality.
Best Places for Camping in Delaware this Fall
It's true. Some people aren't into the beach vacations, those sand-in-your-feet getaways. Yes, you’re right. I’m talking about camping instead! Camping is super popular in Delaware. There are several campgrounds where you may spend your time surrounded by nature all year. There is no lack of excellent campsites where to stay in Delaware, should you arrange a camping vacation during the Fall. We've listed five fantastic spots to help you decide where in Delaware would be ideal for your camping trip. The facilities and entertainment options at each location are top-notch. Whatever your fancy, you may find precisely what you're looking for in Delaware. Whether that's a quiet, isolated cabin in the woods, an RV park with miles of trails and activities like kayaking and fishing, or a more family-friendly atmosphere. So, let’s dive in and look at the five best places to camp in Delaware. 1. Cape Henlopen State Park Image Source: Outdoor Project First, let's talk about one of the state's most popular parks at the point where Delaware Bay and the Atlantic Ocean meet. Cape Henlopen is a campsite in the center of the forest. It is widely considered one of the most incredible spots to go camping in Delaware this fall. The campsites offer a fun and cheap alternative to a traditional beach holiday, with 20 tent sites, 12 2-room cottages with outdoor cooking, and a shared restroom. Enjoy the beautiful coastal woods and seashore views on a hike, bike ride around the Loop track, or go bird watching. Fort Miles Historical Area offers several guided programs and tours where visitors may get insight into the region's rich past and diverse ecosystems. Initially constructed for WWII mine operations, the pier is now open around the clock as a fishing spot on Delaware Bay. The beach's boardwalk is easily accessible. There is a designated swimming beach and sections for boating, fishing, kayaking, paddle boarding, and windsurfing. 2. Killens Pond State Park Image Source: Delaware Living The 2.6-mile route offers stunning scenery and natural ecosystems, perfect for an autumn getaway. Killens Pond State Park is an excellent place for kayaking, canoeing, boating, or just relaxing and taking in the landscape and fauna along the water's edge. During the summer, there is also a wealth of activities to partake in. The whole family will have a blast visiting Killens Pond Waterpark or checking out the Nature Center's live animals. You may go fishing for bass, crappie, and sunfish or trek on the trails and cross-country course that begins near the Pondside Bridge. It is situated in the heart of Delaware, among the state's woods and other natural wonders. 3. Delaware Seashore State Park Image Source: Outdoor Project With its two campsites, one on either side of the Indian River Inlet, Delaware Seashore State Park caters to campers of all stripes. Spend the day clamming or crabbing on the water, or check out the marine displays and historical reenactors at the Indian River Life-Saving Station Museum. Several stunning restaurants are available to you, such as Hammerheads Dockside, where you can listen to live music while taking in the spectacular views of the Mirena. There are 6 distinct paths available for hiking, bicycling, horseback riding, and other recreational activities suitable for the whole family. Burton Island and Thompson Island both include natural preserves to relax and enjoy the outdoors. 4. Deep Branch Family Campground Image Source: Deep Branch Campground Deep Branch Family Campground is a great area to spend your vacation if you're seeking a tranquil environment. They have cabins and campers available for rent, or you may pitch a tent or park an RV at their campground. You may get the finest of the great outdoors and the beach since you will be close to both. Enjoy the camp shop, café, gaming room, pavilion for outdoor gatherings, and a wide selection of games, including bocce, horseshoes, ladder golf, corn hole, volleyball, and more. An indoor swimming pool, a laundry room, and a children's play area are also included. It's perfect for a family vacation and is situated in southern Delaware. 5. Tall Pines Campground Resort Image Source: Good Sam Camping And last but definitely not least, the resort at Tall Pines Campground offers various activities and amenities you’ll love. You may pick from a wide range of accommodations, including tent and RV camping and standard, deluxe, and luxury suite cabins. Although there is more to do than just visit Flicker's Splash Park, which requires a pass to enter, it is nevertheless a significant draw. There are plenty of enjoyable things for the entire family, including a swimming pool, miniature golf, a camp shop, a playground, and clean, contemporary restrooms with hot showers. Just a short drive will take you to Rehoboth Beach's famous outlet malls, as well as the Biggs Museum of American Art, Anglers Fishing Center, Delaware Division of Fish and Wildlife, Fisherman's Wharf, Dover Downs Casino, the Nassau Valley Vineyards, and the quaint town of Rehoboth. Final Thoughts Camping is the best family activity in Delaware right now to enjoy the fall. The state has a lot to offer, and if you’re planning on visiting any of these locations, be sure to double-check your belongings. Because you’ll have so much fun, you may lose track of your valuables! You know that you can always buy a home near these locations. We at Loft Realty will help you find the perfect place to call home. Reach out to us today, and let us help you find the ideal place to call home.
Why Fall Season Can Be The Best For You
The excitement of summer has finally come to an end, which means it is time to welcome the splendor of autumn! Whether it's the anticipation of the season's first colder temperatures or the fun to be had during autumnal celebrations, we can't wait! And so are you! Here are a few things that convince us that the fall season is the best for you. The Change in the Weather Image Source: Leslie Saunders The oppressive heat of summer is finally coming to an end, whether you experienced it as dry or humid heat. The time for sweating is passed, and now it is time to take in the refreshing wind and the soothing sound of the raindrops falling softly. The sun is brilliant, but it does not do as much damage to your skin as it did during the whole summer. Brilliant Shades of Fallen Leaves Image Source: Greg Shield The green color changes to yellow, red, orange, and brown. During the fall, trees take on a mystical quality. Forget the technical explanation of why leaves change color at this time of year. Instead, take some time to appreciate the natural beauty of the fall colors as they contrast against the bluish-gray sky of autumn. The Fresh, Cool Breeze Image Source: Katarzyna Kos It is difficult to put into words how the air appears to affect your senses. Your breathing clears up, your vision sharpens, and your sense of smell intensifies. When you take a deep breath of the brisk fall air, you are greeted with a fragrance proclaiming "FALL." The thick air in the summer is much different from the thin air in the winter. Pumpkin-Flavored Foods Image Source: Priscilla Du Preez The taste of the season is pumpkin in every form. Pumpkin spice lattes, pumpkin scones, pumpkin bread, pumpkin cookies, and just about everything else you can think of include pumpkin. Consuming pumpkin-flavored meals or beverages always tastes ten times better during this time of year. A dash of cinnamon will bring out autumn's warm, cozy flavors. Pumpkin Farms and Orchards Image Source: Shelley Pauls As a child, pumpkin patches were the most beautiful thing in the world. It was the place to go if you wanted to locate the ideal pumpkin for your parents to carve the night before Halloween. The fact that we are adults has not fundamentally altered anything. We will, of course, go to a patch and choose a pumpkin that is either absolutely round or exactly long and then bring it home. The only thing that has changed is that we are now responsible for carving the designs. The Easier Home-Buying Process Image Source: Sweta Meininger Since fewer homes are being sold during the autumn, the house-buying process is more pleasant and less crowded. Real estate agents, lenders, inspectors, title companies, insurance, and potentially attorneys or moving businesses are more available once the peak season is done. Since they'll have more time on their hands now that traffic is decreasing, these experts can focus on giving you relaxed and excellent service. The analogy here is a trip through an airport: would you prefer to go on Thanksgiving weekend or on a random Wednesday in October when nothing is going on? Final Thoughts And that’s some huge reasons why the Fall season in Delaware can be the best for you! You will have more time to relax and enjoy your time in the area. And you'll also be able to see the beautiful fall foliage and enjoy the company of family and friends. And, as we told you, now is the smoothest time to buy a home in Delaware! So don't wait any longer and schedule a call with us. We at Loft Realty will find you the perfect home for your family.
Local Pumpkin Drinks to Try Out in Delaware
Video Reference: Trying out some Pumpkin Spice As a pumpkin spice connoisseur, I wanted to share my favorite local pumpkin drinks I found here in Delaware. There’s something for everyone with these drinks, so if you are looking for a delicious and refreshing drink to enjoy this fall, this list won’t disappoint. But first, a word of caution. Skip the big coffee chains. Why? They weren’t made with love. Local Delaware pumpkin drinks are made with care and love; most are handcrafted (and are not pressed with a single button). They are personalized for you and will give you the Delaware taste. Plus, they will probably taste better than Starbucks or Dunkin’s. So, with that out of the way, let’s go and list down the best local pumpkin drinks in Delaware. 1. Dolce’s Pumpkin Spice Latte Image Source: Dolce Bakery & Coffee Shop A classic. Still taste like coffee, but you know it’s made with love. Dolce Bakery & Coffee Shop in Milford should be at the top of your list if you want a delicious pumpkin drink. It’s because the Pumpkin Spice Latte is their signature drink. It pairs well with the bakery's pumpkin rolls, cinnamon rolls, sticky pecan buns, and snickerdoodle cookies, among other seasonal offerings. And the best part? Every batch is made from scratch.You can skip anything in this list, just don’t miss out on Dolce’s. If you want to explore more, then here’s more. 2. Brew Ha Ha’s Pumpkin Patch and Harvest Moon Lattes Image Source: Brew Ha Ha If you’re in Wilmington, try some delicious seasonal treats at Brew Ha Ha! And, of course, go for the Pumpkin Patch, and Harvest Moon lattes are on the menu this time of year. White mocha and pumpkin pie spice go into the Pumpkin Patch Latte, which is finished off with a dollop of whipped cream. The white mocha, caramel, and pumpkin spice of the Harvest Moon Latte are topped with whipped cream. In addition, there is the Golden Turmeric Latte, which has cardamom and turmeric syrup. The apple crumb cake, cinnamon buns, and almond shortbread at Brew Ha Ha! are perfect with a hot cup of hot cocoa or mulled wine. 3. The Sleeping Bird Coffee’s Pumpkin Latte Image Source: The Sleeping Bird Coffee Are you hungry for fall? Give the autumn goodies from Sleeping Bird Coffee a try. But, the real magic is when you try their pumpkin latte with their pumpkin treats. The cinnamon raisin bagel with handmade pumpkin cream cheese spread, maple biscuits, pumpkin chocolate chip scones, dark and white chocolate brownies, and cinnamon buns with pumpkin cream cheese icing are all part of the assortment offered at the café. In addition, Sleeping Bird Coffee debuted their new seasonal sandwich, which consists of turkey, sharp cheddar cheese, and apple slices layered on sourdough toast and drizzled with a handmade rosemary maple Dijon sauce. 4. Bing’s Bake and Brew Pumpkin Chai and Pumpkin Spice Latte Image Source: Bing's Bake and Brew Of course, the longest-running bakery in Delaware will not be left out of the pumpkin spice latte discussion. In fact, theirs are so authoritatively delicious. Bing's Bake and Brew in Newark offers all the seasonal autumn flavors you could want. The shop's signature autumn beverages are the Pumpkin Chai and the Pumpkin Spice Latte. Try one of Bing's organic, gluten-free, plant-based brownies in flavors like chocolate, mint, coconut, and peanut butter to complement either. Or the iced cinnamon buns, a seasonal favorite. 5. Rise Up Coffee Roasters’ Pumpkin Spice Latte Image Source: Rise Up Coffee Roasters And finally, my fifth and final recommendation is Rise Up Coffee Roasters in Rehoboth Beach. They offer all the seasonal autumn flavors you could want and even brought back their pumpkin Spice Latte. It's crafted with cinnamon, nutmeg, and allspice, and make sure to partner it with their freshly baked cinnamon rolls. Final Thoughts And that’s it! Enjoy the pumpkin spice latte and all the other seasonal flavors this autumn. These five places to get a pumpkin spice latte in Delaware will not disappoint! If you love this post, check out the best Halloween activities with your kids today in Delaware! Or, if you want real spooky stuff, read about the most haunted places in Delaware up until today!
Here’s Why Dolce Bakery is the Best Place to Start Your Day in Milford, Delaware
Hi guys! Is anyone from Milford? If you are, you already know about Dolce Bakery by now. If not, you’re missing a lot. And, I mean, A LOT. For those who grew up in Milford, like me, there’s nothing like a good morning pastry and coffee to start the day. And the best place to take them is none other than Dolce Bakery. Allow me to share some love for this place with you. Here’s why Dolce Bakery is the best place to start your day in Milford, Delaware. Let’s dive in. 1. They’ve been serving great pastries for over a decade. Image Source: Dolce Bakery & Coffee Shop For those new here, Milford is a tiny town in the state of Delaware that is noted for its attractive environment. This warm and inviting town of Milford has become home to the Dolce Bakery & Coffee Shop for over a decade. Since it opened, people are constantly coming in for a coffee and something nice to snack on in Dolce’s. Why? Because there is no better way to kick off your day than with this! 2. The breakfast bowls, the coffee, and the pastries are fantastic. Image Source: Dolce Bakery & Coffee Shop You may choose from a wide variety of hot beverages, and unique takes on coffee to go with either your breakfast in the morning or your early lunch. You may also pick up a sandwich with scrapple, egg, and cheese here, just as you would at any other lovely breakfast establishment in Delaware. Yum! 3. The Breakfast Cookie. Hard to beat. Image Source: Dolce Bakery & Coffee Shop I’ve been to many breakfast places and coffee shops in my life, but it’s always the breakfast cookie at Dolce’s that I love the most. It is crispy on the outside and soft and fluffy on the inside, with a unique and delicious taste that will please any breakfast lover. I love how it is not too sweet or too savory, just right. 4. It’s all handmade goodness. Image Source: Dolce Bakery & Coffee Shop Do you know what’s even better? Everything at Dolce, including the pastries, is handcrafted by skilled pastry chefs. So you can be confident that each time you bite into a pie, it will be both tasty and fresh. In addition to that, they have scrumptious cakes, cookies, and cupcakes that are all handmade too! So, the next time you have a special occasion, let them bake a personalized cake for you! 5. The Cinnamon Buns. Absolutely delicious. Just look at this. Image Source: Dolce Bakery & Coffee Shop If your mouth is not watering, I don’t know what will. Even though every pastry cooked here is delicious, the cinnamon buns are the ones that have everyone in the neighborhood talking. They are prepared from scratch every morning with the ideal cinnamon proportion and are entirely covered with icing from top to bottom. It's hard to think there's such a thing as the perfect roll! Stop in to try it, and don't worry; there will be enough left for you to pass around. Final Thoughts If you ever stop by Milford, Dolce Bakery is where you start your day. From the savory pastries to the delicious cinnamon buns to the freshly brewed coffee, you will find something to your liking. And with beautiful service, and a warm and inviting atmosphere, Dolce Bakery is a place that will be sure to make your morning a little bit sweeter. On to the next adventure! Until then, stay awesome.
Why You Should Get Pre-Approved for a Mortgage Before You Start Looking for a Home
Video Reference: Bedtime Stories Part 2 Are you getting set to make your first real estate purchase? Congrats! Way to go! Buying a home is a big deal, and you want to ensure that you have the right team on your side to have the best experience possible. But as you start looking for your next home, you hear the term “pre-approval” thrown around a lot. While it may not seem like a big deal at first, pre-approval is one of the most important things you can do before purchasing a home. Why? It lets dealers and real estate agents know you have the money set up and ready to go, and it also helps you understand how much property you can afford. Here are more reasons why you should get pre-approved for a mortgage before you start looking for a home: 1. It shows the seller you are a serious buyer. When you have the support of a lender, real estate brokers and sellers will see you as a serious buyer who is prepared to make a purchase. Pre-approval from a lender indicates that they are willing to give you a mortgage based on your financial history. It also shows that you are in a position to buy and ready to take on the challenge of purchasing a home. 2. You can save some time by doing so. Another great thing about getting pre-approved for a loan is that it saves you significant time by determining how much you can buy. Once you know how much you can afford, you can tailor your search for a property to the price range you are looking in. This gives you more time to think about what you like about the house instead of how much it costs, which is a big plus. 3. You can have a stronger negotiating position. Let’s talk about power. You will likely have greater bargaining power if you have a pre-approval letter. This is because sellers and real estate brokers will know that you have previously spoken to a lender and that you are serious about doing business with them. 4. Lower the chance of surprises later. We hate surprises–money surprises! It is best to have a conversation with a reliable lender before you search for the right property. This will assist in guaranteeing that you are not taken aback when it comes time to make an offer. Having all your financial ducks in a row will help avoid surprises like a low credit score or a high debt-to-income ratio. Getting all of your ducks in a row early will leave little room for unexpected surprises. 5. Take pleasure in the shortened closure times. And finally, being pre-approved for a loan may help speed up the closing process. The lender has already collected most of the information about your finances. Hence, they have an idea of what they can offer you. Final Thoughts These are the main reasons you should get pre-approved for a mortgage before looking for a home. By doing so, you can eliminate the stress that comes with buying a home, and you can also enjoy the shortened closure times that are a result of this. And remember how important a trustworthy team is? Well, that’s us! Here at Loft Realty, we are committed to giving you a first-class experience that brings you into the home of your dreams. We offer the best real estate service and are here to help you find a Delaware home you love. Contact us today for more info, and let us get you pre-approved.
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