How to Buy a House in Delaware
Updated 2026-03-02 | Data from Zillow, HUD, Tax Foundation
Avg Home Price
$406,448
Closing Costs
$22,044
5.42% of price
Property Tax Rate
0.5%
$1,600/yr median
Days on Market
40
Median
FHA Loan Limit
$472,030
Attorney Required
Yes
Foreclosure Type
Judicial
Transfer Tax
3%
3% (split buyer/seller)
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Key Facts About Buying in Delaware
- ✓Highest closing costs as percentage due to 3% transfer tax
- ✓Attorney required at closing
- ✓No general homestead exemption
- ✓Low property tax rate at 0.57%
The Home Buying Process in Delaware
Buying a home in Delaware follows a 10-step process. As an attorney state, you'll need legal representation at closing.
1
Check Your Credit Score & Finances
2
Get Pre-Approved for a Mortgage
3
Find a Real Estate Agent
4
Search for Homes & Make an Offer
5
Get a Home Inspection
6
Secure Your Financing
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First-Time Buyer Programs in Delaware
DSHA Preferred Plus
Down payment and closing cost assistance
Up to 5% of loan amountIncome: Varies by county
Cost of Buying a Home in Delaware
| Down Payment (3.5% FHA) | $14,226 |
| Down Payment (20% Conventional) | $81,290 |
| Average Closing Costs | $22,044 |
| Transfer Tax | $12,193 |
| Annual Property Tax (est.) | $2,032/yr |
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Legal & Regulatory Details in Delaware
Homestead Exemption
Not Available
Licensing Authority
Delaware Real Estate Commission
Delaware Real Estate Law Overview
| Conveyance Document | Special-warranty, quitclaim and general-warranty deeds |
| Security Instrument | Mortgage |
| Foreclosure Process | Judicial |
| Attorney Required at Closing | Yes |
| Deficiency Judgment | Yes |
| Redemption After Sale | Yes |
| Reinstatement Available | No |
| Seller Disclosures | Sellers must disclose known material defects, including lead-paint hazards, pest infestations, and toxic substances such as asbestos, radon and mold, along with major repairs and remodeling. |
