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Cape Gazette
Lewes, Delaware
Jim's Towing Service
March 15, 2013     Cape Gazette
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March 15, 2013

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cape Gazette ' BUSINESS & REAL ESTATE FRIDAY, MARCH 15: MONDAY, MARCH 18, 2013 41 Hello Edith: I am hoping for some good advice regarding the sale of my mother's home after her recentpassing. My sister and I are now in the process of cleaning out 60 years or family occupancy via trashing and a household sale, etc. The home was built by my dad in 1955. My mother had new windows installed in 2004. There is a one-car garag with connection to main house by an unheated enclosed room. Morn was a smoker for many years, so the entire house is in need of painting. The bathroom is in poor condition; it's in need of ceramic tile and other repairs. The basement has a subsurface water problem at one of the concrete block walls. The sump pump is working and no other water damage is notable. We are considering either trying to sell it as is, or fixing it up and then selling it. We want to have a Realtor come in and give as an appraisal and her thoughts/ideas on the process, Briefly )) 6iant Food designates March as Military Appreciation Month Giant Food of Landover, Md. President Anthony Huck- er recently announced it has designated March as its first Military Appreciation Month. Giant announced a military hir- ing initiative focused on careers - not jobs - for service members and their family members and has already welcomed six veter- ans to store management teams. Giant will again partner with the USO of Metropolitan Washing- ton and USO Delaware and host a monthlong giving campaign to support those who serve, and their families. To benefit local USO chapters, every Giant store will sell healthy Snack Packs for U.S. troops and accept monetary donations at checkouts throughout the month. For $7, customers can purchase a Snack Pack which contains a Giant brand nutrition bar, pret- zel bar, drink sticks, fruit snacks, bottled water and CareOne hand sanitizer. Customers also support military families y add- ing $1, $3 or $5 to their grocery bill. Each neighborhood Giant will feature a station where chil- dren can make cards for service members. but my husband felt you might have a better solution - K. and T.V. Answer: My guess is that repainting, which is relatively inexpensive, will pay off. Be- yond that, I can't iudge from this distance. A broker can look over your property and tell you what repairs are essential. And then, taking into consideration average price levels in that area, you'll get advice on how much it is worth investing in updates. You should, in fact, ask several agents to come over and give you the x;alue of their experience. You won't have any obligation pick one to market the property. Tax relief is extended Dear Ms. Lank: We are sell- ing our house with a short sale. It was supposed to close last December, but the bank is still holding up some documents. They keep saying it's still going in recent years they've offered Legitimate rent-to-buy some relief, and you'll be happy Dear Edith: Are there any to hear that it's been extended legitimate lease-to-buy programs through 2013. Forgiven debt out there? We are recovering on your main home will not be from bankruptcy and moving to taxable. This tax relief applies another state soon. We cannot to foreclosed mortgages as well as short sales. Continued on page 52 OK and they will forgive our ( can Buying" or mortgage so the sale will go / " We make Selling ),, through. But is there anything we can do about income tax, or will we have to pay some? This is very distressing. - F. W. Answer: When your short sale goes through, the bank will take the proceeds and cancel your mortgage even though you owe more than that. Usually, the IRS says that if you borrow money and don't pay it back, you've had taxable income. But GAlL COX 302-448-0492 Cell GREG COX 302-448-0810 Cell info @ Remax Realty Group 317 Reh0b0th Ave., Rehob0th Beach, DE. Office: 302-227-4800 OCEAN BLOCK - THE ACRES Grand Marble Foyer, Expansive Backyard. Large Kitchen, Custom Moldings, Spacious BRs w/Private Deck Access. The Height of Elegance! (5038D} $2,995,000 CANAL FRONT - THE ACRES Charming Classic Colonial Cottage in the Serene Setting of Henlopen Acres. Pine Tdngue & Groove Paneling, WB FP, Built-Ins, Sunroom, & Dock! (6817D) $1,950,000 REMARKABLE OCEANFRONT HOME IN INDIAN BEACH Absolute Ultimate Beach House! Enjoy Panoramic Ocean Views From Every Corner & " Gorgeous Sunrises & Sunset's From The Bell Tower. Oversized Lot, 8400 SQFT Heated, 4300 SQFT of Decks, Vaulted Ceilings, Oversized HOt Tub, Rec Room, Fitness Room, Separate Guest Quarters & More! Sold Tastefully Furnished! (65301) Now: $7,500,000 OCEAN BLOCK - S. REHOBOTH Spectacular Potential For Ocean Views From This 50XlOB Lot. 2nd Property From The Beach & Located On Arguably The Best Street In South Rehobothi (7219F) $1,795,000 WATERFRONT ESTATE Gorgeous Private 20 Acre Estate Situated On Red Mill Pond. Appealing Floor Plan& Finishes. Lg. Kitchen, Hdwd Firs, Swimming Pool, & Potential For Subdivision! (6066R) $1,750,OO0 WALK TO THE BEACH And Downtown Rehoboth From This Spacious 4BR South Rehoboth Home! 3_ Block Away From The Beach & Features Hdwd Firs, Sound System, FP & Morel (7162F) $1,699,000 HENLOPEN 'ACRES Fantastic Opportunity To Own One Of The Largest Lots In Henlopen Acres! 30,000 + SQFT In Walking Distance To The Beach, Boardwalk, Comm. Marina & More! (4368D) 1,350,000 NORTH SHORES Prime Location In North Shores! This Classic Beach Home Has An Open Floor Plan & Hdwd Paneling Thru-out. Great Potential For The . Savvy Buyer! (6436E) $1,100,000 GREAT VALUE! OCEAN BLOCK Walk To The Beach From This 6BR, 3BA Ocean Block Home'Multiple Decks Great For . Entertaining, Rooftop Deck W/Ocean Views! Solid Rental History! {6898H) $899,000 CANAL FRONT--LEWES Charming Home W/Great Potential! Wood Burning Fireplace, Hardwood Floors & Canal-Side Parcel Included! Short Walk To Downtown LewesJ. (7069A) $849,000 EXCELLENT OPPORTUNITY Build Your Own Waterfront Dream Hone On This Spacious RBYCC Lot W/Bulkhead & Dock Already In Place. Prime Location For Rehoboth Bay & Canal Acfess! (7233J) $795,000 DEWEY BEACH Enjoy Serene Bay Views, In the Heart of Dewey Beach! 2 Separate 3BR, 2BA Units. Great OpportunityTo Occupy & Collect Rent At The Same Time! (6193H) $749,000 GRANDE AT CANAL POINTE Enjoy Spacious & Open Living Area With This 4BR, 3BA Home That Features Large Screened Porch, Bonus Room & Great East of Rt.1 Location! Bike To The Beach! (7128B) 487,500