Real Estate in Delaware

If you’ve ever visited the state of Delaware, you’ll find it to be quite an interesting place. There are the suburban and urban areas of north-most New Castle County, the capital of Dover and the Air Force base in Kent County, and the beaches and rural life of Sussex County. The following will give you an overview of New Castle County as well as some important information on real estate law in the state.

New Castle County

An overview of real estate in Delaware begins in New Castle County, in Northern Delaware. This area features Delaware’s only true city, Wilmington, and is in close proximity to the neighboring states of New York, New Jersey, Pennsylvania, and Maryland. There are more buyers than sellers at the moment and homes usually sell in an astounding 30 to 60 days. So if you plan on buying real estate in this area then you have no time to lose. The market trend is decreasing though, so now is the time to buy if you’re interested. There is a good supply of houses for sale in the area at prices you are sure to be able to afford. Homes are usually sold for $200,000. There is plenty of population growth in the area and most popular are the town homes. These are perfect for first time buyers.

Legal definition of real estate in Delaware

When looking for a home in Delaware, it’s important to know a bit about the law in the state that pertains to real estate. In the state of Delaware, real estate is defined as land and anything that is growing on, attached to, or built upon it. It can be either corporal, such as buildings and soil, or incorporeal, like easements. Real estate is something that can be divided up into different categories so that you may more readily understand it. These categories include: Single Family Homes, Town homes, Condos, Office Buildings, Shopping & Strip malls, Industrial & Storage, Agriculture, and Raw undeveloped land.

Finding a real estate lawyer?

When you are engaged with real estate in Delaware, whether you are the buyer or seller, it is important that you understand real estate law to some extent and find yourself a qualified real estate lawyer. A real estate lawyer will be able to give you all the advice you need and will make certain that all of your needs and goals are met. While it is possible to engage in real estate transactions without one, it is not recommended.

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