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Current Selection:	All Prices	All Types	All Locations	New Selection	Sorted By: Default	New Sort
<Back to Page			Property 11 of 45 Selections

Feature Property - Prime Development Site

$3,500,000

Front View

Address: 36648 Old Mill Bridge Rd	City/ST: Selbyville, DE	Zip Code: 19975
Location: Selbyville	Property Type: Co-op	New or Resale: Resale
Square Footage: 588060	MLS# 571321

Preliminary approval for 56 awesome lots of which 12 -16 are direct bay/creek front. Hundreds of thousands of $$ have already been spent by a past builder/developer for engineering. Only 8-9 months for a final approval. Design calls for pool, tennis, recreation areas and crabbing pire. Truely a prime site.

Last Updated: 8/4/2009 11:55:11 AM

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Insurance >Hazard Insurance

Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!

Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.

It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.

As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.

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Q	What does the term Curb Appeal mean?
A	This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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Wayne Lyons, REALTOR�, real estate agent and broker for Bethany Beach, North Bethany and Fenwick Island, Delaware home listings, property and land for sale - NUMBER1EXPERT

Wayne Lyons
Long & Foster
33298 S. Coastal Hwy
Bethany Beach
DE 19930
800-844-9151
302-539-4072
Fax: 302-539-2185
bethany-beach-homes@NUMBER1EXPERT.com
Wayne Lyons will tell you Bethany Beach, Fenwick Island, and the surrounding communties offer the best in life for those looking to make the most of coastal living. It is this love for home that has propelled Wayne to the forefront of his career as one of the area's most trusted real estate professionals. Few things bring him greater fulfillment than connecting others with the exceptional lifestyle here. Whether you are looking to buy or sell, give Wayne Lyons a call today.

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