Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Tips for buying residential real estate for the first time

Buying a new home is a big undertaking for anyone. For those who are new to the residential real estate market in Delaware, the many professionals, prices and considerations involved can feel overwhelming. Keeping a few tips in mind will help the process go more smoothly.

With the advent of the internet, many people are trying to buy residential real estate in Delaware without finding a real estate agent. This can be a big mistake for first time home buyers. A real estate agent and lawyer are both critical members of a new home buyer's team. It is also important to work with the bank as soon as possible to understand what one's credit will allow and pre-qualify a realistic loan for a new home.

Homes come with many expenses, including cooling and heating costs, maintenance, insurance, and property taxes. Keeping all these in mind, along with the mortgage payment, is important for buyers trying to set a budget. It is a good idea to focus on the location of the home, as other things can be changed or renovated but where it is located cannot be adjusted. Finally, ensure the home goes through a thorough, third-party inspection before signing any paperwork.

Buying residential real estate in Delaware can be both exciting and challenging. Hiring the right inspector and real estate agent can help ease the process and protect buyers from unexpected surprises. A real estate lawyer is also critical to protect buyers from legally questionable situations while going over all necessary paperwork.

Source: Reader's Digest, "Buying Your First Home: Mistakes to Avoid", Catherine Holecko, Feb. 27, 2018

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us