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Need local real estate information? I've summarized much of what is important about the Wilimington, Greenville and Newark real estate market in this site. 

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Real Estate Tips

Titles >The Title Search

The people who do title searches have an extremely important job. They must ensure that the sellers really own the property being sold and that all liens against the property are being paid off as a result of the sale.

If the seller has had financial difficulties, for instance, and didn't pay his bills, there may be judgments that must be satisfied on or before the closing. Someone in addition to the party who signed the sales agreement may have an interest in the property. If so, it will be necessary for that person to sign the sales agreement and the deed that transfers ownership to the new buyer. The preliminary title report will also show any easements that run with the property. The Title Company will go back many years, examining what is called the "chain of title". If you learn that the property you are buying has title problems, don't panic. Most of them are resolved easily and in plenty of time to avoid delays in the closing.

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Real Estate Trivia

Q 
In what area of the United States did the price of existing homes increase most dramatically in 2005?

A 
Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.
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Grimly Foret, REALTOR®, real estate agent and broker for Wilimington, Greenville and Newark, Delaware home listings, property and land for sale

Grimly Foret
RE/MAX of Wilmington

5307 Limestone Rd. Suite 100
Wilmington, DE 19808
302-777-5987
Fax: 302-442-7047

REALTOR®, Certified Real Estate Negotiator, (CREN), Certified Distressed Property Expert, (CDPE), Real Estate Marketing Strategist, Residential & Investment Real Estate

CDPE Equal Housing MLS REALTOR


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