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How Buying a House Works

by Ashley Brosnahan

Home ownership is the culmination of the American dream. It is a symbol of financial security and stability won by hard work and saving. The process of buying a home is both a thrilling and exhausting experience, but with the help of the right real estate agent and some useful tips, you can own a beautiful — and affordable — piece of the American dream.

In 2007, at the height of the real estate bubble, 73 percent of Americans owned their own home. By 2012, that number sunk to 62 percent [source: Gallup]. Bad mortgages were the root cause of the housing crisis. Many people knowingly agreed to adjustable interest rates under the belief that they would sell or "flip" their homes before the rates jumped higher. Many inexperienced homebuyers were also victims of predatory lenders who convinced them to sign subprime loans with punitive terms. By August 2012, nearly 1.5 million homes were in foreclosure. That's one of every 681 homes in America [source: RealtyTrac].

As a home buyer, these numbers aren't meant to scare you, but merely to convince you of the importance of fully understanding the terms of your mortgage and choosing a home that you can honestly afford. Buying a home is a momentous occasion full of joy and achievement. It is also one of the most significant financial investments you will ever make. When your heart tells you to buy the stately Victorian with the gabled windows, make sure to check with your head -- and your budget -- first.

In this article, we're going to go through the steps involved in a search for the perfect home. For instance, do you really need a real estate agent? Why do you need to be pre-approved by a bank? How do you negotiate the deal? And, how do you keep from getting a lemon? Let's start with the finances -- getting pre-approval for a mortgage.

http://home.howstuffworks.com/real-estate/house-buying.htm

Delaware Beaches

by Ashley Brosnahan

Visit Delaware’s award-winning beaches! The First State is known for its pristine, family-friendly beaches. In 2013, Bethany Beach was named one of the top 10 Best Beaches for Families by Family Vacation Critic.

Generations of families have enjoyed the quaint, small town charm so characteristic of Delaware's coastline attractions.  Everything is within walking distance at Delaware's beach communities making vacation visits convenient and affordable with Delaware's tax-free shopping, dining, and entertainment.
There’s so much to discover on and off the sand. Stroll along the boardwalk, unwind with live music at nightspots or watch for dolphins as you kayak along the coastline. 

From Bethany Beach, named as one of the “Best Secret Beaches” by Travel + Leisure Magazine to Dewey and Rehoboth Beach, which were recognized as two of the nations cleanest beaches by the Natural Resources Defense council, Delaware offer miles of gorgeous beach views and activities for the whole family to enjoy. 

http://www.visitdelaware.com/things-to-do/beaches/

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Contact Information

Photo of Ashley Brosnahan Beach Team Real Estate
Ashley Brosnahan Beach Team
Long & Foster Realtors
33298 S. Coastal Highway
Bethany Beach DE 19930
Ashley: (302) 841-4200
Heather: (302) 858-7805 Neil: (302) 462-6196