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As prices soar in Delaware, lower appraisals put homes further out of reach

As prices soar in Delaware, lower appraisals put homes further out of reach
delawareonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delawareonline.com Daily Mail and Mail on Sunday newspapers.

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Delaware realty transfer tax must be lowered

The Delaware Association of Realtors calls on the General Assembly to lower the state s realty transfer tax. ....

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Op Ed: The case for reducing the state's real estate transfer tax

Delaware Business Now
Burch is the 2021 President, Delaware Association of Realtors
Delaware has the highest state Realty Transfer Tax in the nation. That means more cash at the settlement table. That means fewer of our citizens can afford a home.
That means those selling a home have less equity to move forward themselves. And when that happens, it means our state’s economy takes a hit.
The Delaware General Assembly raised the state Realty Transfer Tax a full 1% in 2017 to counter a projected $400 million budget deficit.
That 33% increase made Delaware’s state Realty Transfer Tax at 2.5% the highest in the nation. Add to that the local transfer taxes, and individuals may have to pay as much as 4% of the property’s value at settlement in cash. That is cash required to meet transfer taxes alone, over and above settlement costs, making it hard for Delawareans to own a home and ultimately dealing a blow to real estate market and our state’s economy. ....

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Top Producing April Sales Agents Announced at Coldwell Banker Resort Realty

May 18, 2021
Coldwell Banker Resort Realty is pleased to announce the firm’s top producers for the month of April. For the Rehoboth branch the top listing agent was Beth Dorman. The top selling agent and top overall agent was Nitan Soni. For the Lewes branch the top listing agent was Julie Gritton. The top selling agent was Sarah Russ. The top overall agent was Jeff Gibson.
Beth Dorman, a Certified Residential Specialist, E-Pro, Certified Distressed Property Specialist and Certified Short sale and Foreclosure Resource has been a licensed realtor since 1999. She is past President for the Sussex County Chapter of the Women’s Council of Realtors. She is past Governor for the State of Delaware Women’s Council of Realtors. ....

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April Top Rental Producers Announced at Coldwell Banker Resort Realty!

May 18, 2021
Coldwell Banker Resort Realty is proud to announce the firm’s top rental agents for the month of April are Bill Mantyla, Myles Martin and Beth Smiley.
Bill joined Coldwell Banker Resort Realty in January 2019. Before being licensed, Bill had his own home services business which gave him the opportunity to really get to know the homes that Coldwell Banker Resort Realty offers. In his free time, he enjoys reading, playing with his dogs, and traveling. He prides himself on knowing the Sussex County resort area very well and will gladly share tips for restaurants, parks to visit, activities to do or great day trips to make your vacation special. ....

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