- Home
- Sell
- Buy
- Buying Process
- Search Homes
- Bethany Beach Area
- Rehoboth Beach Area
- Rehoboth Beach Market
- North Rehoboth Market
- South Rehoboth Market
- North Shores Market
- Henlopen Acres Market
- Indian Beach Market
- Canal Corkran Market
- Rehoboth Beach Yacht And Cc Market
- Kings Creek Cc Market
- Dodds Addition Market
- Bay Vista Market
- Rehoboth By The Sea Market
- Silver Lake Manor Market
- Pine Bay Market
- Sawgrass At White Oak Creek Market
- The Glade Market
- Lewes Area
- Lewes Market
- Lewes Beach Market
- Cape Shores Market
- Hawkseye Market
- Showfield Market
- Wolfe Pointe Market
- Wolfe Runne Market
- Olde Town Market
- Governors Market
- Breakwater Market
- Villages Of Five Points-East Market
- Villages Of Five Points-West Market
- Bayfront At Rehoboth Market
- Coastal Club Market
- Edgewater Estates Market
- Pilottown Village Market
- Reserve At Pilottown Market
- Pilottown Park Market
- Shipcarpenter Sq Market
- Retreat At Love Creek Market
- Villages At Herring Creek Market
- Delaware Bay Area
- 55+ Communities
- Build
- About
- Blogs
-
- Register
- Sign In
Meet The Team
Learn More About Our AgentsAbout Us
Our team is made up of experienced real estate agents and talented professionals in strategy, marketing, creative design, and technology. Henry Jaffe has over 20 years of experience in both the residential and commercial real estate industries. He offers a personal approach to the unique needs of individual clients. Each member of our team has a specific and vital role to play in selling your home or supporting you throughout the buying process.
OUR BLOGS
Determining value
The average supply of inventory over the past five years is 2.7 months. Our current month's supply is 4.1 months. Still a seller's market by historical standards but this change is noteworthy. A balanced market is generally considered to have a supply of four to six months. As interest rates continue to decline, we anticipate a continued increase in active inventory along with a resurgence of buyer interest. When selling a home, setting the right price is among your most important decision. For many buyers, price is the most crucial consideration — next to location and amenities. Pricing is an art and science that requires careful thought, research, and data analytics. Let's look at a few tips and strategies to determine the ideal selling price that will help you achieve your objective: 1. Understanding what makes luxury homes unique Luxury homes, with their custom-built elegance and unique amenities, sometimes challenge standard pricing models. These properties are distinguished by their location, architectural significance, and the lifestyle they offer. From sprawling estates with panoramic views to architectural marvels with unique amenities, each luxury home tells a story that significantly influences its market value. These one-of-a-kind characteristics can present valuation challenges. 2. Observing market trends Staying attuned to the latest market trends and buyer preferences is essential to position your home to sell at a favorable price. Market research involves harnessing detailed market insights through local news, real estate articles and blogs, and regional and national listing services. When you’re aware of the dynamics at play, you can tailor a pricing strategy that resonates with today's luxury buyers on the coast. Realtors are a reliable and often complementary source of market insights. 3. The role of the CMA At the core of effective pricing strategies is the Comparative Market Analysis (CMA). This familiar tool allows you to compare similar properties in your neighborhood, considering factors such as size, condition, amenities, and recent sales data. A well-conducted CMA provides a solid foundation for pricing strategies, ensuring your home is competitively and fairly priced. 4. Appraisal insights Trained and seasoned local appraisers objectively analyze your home's value and the many contributing factors. A professional property valuation can be helpful however, you shouldn't necessarily count on home appraisals to provide an accurate valuation. Appraisals can be subjective and completed by appraisers that may not be experts in our market. An appraiser also might not have enough comparable homes to provide accurate pricing. In certain situations, appraisals can be helpful to ensure your property's price reflects its Fair Market Value, facilitating a smoother transaction and helping potential buyers secure financing without underwriting objections. 5. Leveraging professional input Collaborating with a real estate professional, you can navigate the pricing landscape with precision, care, and less stress and risk. Our goal is to set a price that reflects your home's intrinsic value and captures potential buyers' interest. Flexibility and adaptability are essential as we respond to buyer feedback and adjust the pricing strategy to ensure your home stands out and keeps momentum on the market. As your advisor in Coastal Delaware's luxury real estate market, I'm here to guide you through this process and ensure your home achieves its optimal sales value and goes under contract (and closes) in a time frame that matches your expectations. -Henry
Asset protection
Whether you own a stunning waterfront property or a portfolio of investments, protecting yourself from legal and financial risks is a priority. A good friend recently ran into some legal issues with an investment property that could have been easily avoided with proper asset protection. This month, let's look at essential asset protection strategies to secure your investments. Insurances Insurance is probably the most important and practical form of asset protection. In addition to standard homeowner's insurance, consider policies such as umbrella, flood, and title: Umbrella insurance offers extra liability protection beyond your existing policies, which is imperative for high-net-worth individuals. Flood insurance is critical in coastal areas prone to flooding, such as Delaware, given rising sea levels and increased storm activity. Title insurance protects against potential disputes over property ownership if unrecorded encumbrances (deeds, loans, liens, etc.) are discovered post-purchase. Ownership and legal structures The structure of property ownership significantly impacts asset protection. Here's an overview of the most popular strategies: Holding properties in an LLC can shield personal assets from lawsuits or creditors. LLCs are a popular choice among Delaware investors due to the state's favorable business laws. Holding each property in a separate LLC can further limit liability exposure. Segregating assets prevents a legal issue with one property from affecting others. Family limited partnerships help distribute ownership among family members to protect assets and can also help with estate planning and tax benefits. Trusts are another valuable tool in the investor's tool kit. Trusts provide privacy, protect assets from creditors, and can be tailored to ensure properties remain within the family. Equity stripping Equity stripping reduces the equity in your property by borrowing against your home to make it less of a target to creditors and litigators. Using lines of credit to secure equity and limit exposure is particularly useful in high-value markets. You can use these funds to make improvements or fund other ventures. Homestead exemptions Homestead exemptions protect a portion of your home's value from creditors. In Delaware, the homestead exemption is $125,000, which can be doubled for married couples, providing a substantial safeguard for your primary residence. Retaining advisors Consulting experts ensures your strategies are appropriate and compliant. At a minimum, seek counsel from: Real estate attorneys specialize in property law and asset protection and can provide crucial guidance on structuring deals and protecting assets. Financial advisors provide insights into optimal financial structures and insurance needs. Accountants ensure tax efficiency and compliance with state and federal regulations, particularly with Delaware's specific tax laws. I'm here to guide you through these asset protection strategies and tailor them to your needs. You can secure your investments against unforeseen risks with careful planning and the proper advisement. Contact me if you have any questions. -Henry
2024 Mid-Year Luxury Outlook℠ | Sotheby's International Realty
We are pleased to introduce the 2024 Mid-Year Luxury Outlook℠ report by Sotheby's International Realty, which outlines the industry trends and happenings across high-end residential markets. This year, policy shifts and global elections across nearly 80 countries are likely to impact property markets as voters hit the polls. The trajectory of U.S. interest rates remains a key watchpoint for buyers, sellers, and international observers. We know you are eager to make wise financial decisions, and staying informed is key to making that happen. To explore, visit the following link: Luxury Outlook Report Link Our latest market reports for Coastal Delaware and Coastal Maryland are now available. These reports offer insight into the factors driving current sales trends throughout our region. Click the following link to view our Q2 Market Reports: Report Link We are thrilled to share the latest edition of The Key magazine, our exclusive lifestyle guide for those interested in the very best of living in the Mid-Atlantic region. From local treasures, to travel and practical property tips, this edition is designed to articulate the essentials for a fulfilling life in our vibrant area. To explore our digital magazine, visit the below link: The Key Magazine Link As always, we are here to answer any questions regarding the market locally or assist in connecting you with a Sotheby's International Realty professional throughout the world! -Henry