chris pataki realtor: Selling Your Home This Spring? Here are Six Must Fixes Before Listing - 02/27/24 04:16 AM
When touring a home that is listed for sale, buyers and their agents tend to be attracted to things that show need of obvious repair or deferred maintenance. While not addressing these issues may not remove interest in your home, it will give a skilled negotiator additional leverage in the home purchase strategy.  To avoid having equity removed from your pocket, is an important to address these issues.  Whether you’re currently aware of any of the following issues or they’re discovered during a pre-listing inspection, it is usually much more financially wise to remove these items prior to listing. 
 
 
1. Roof  issues
Missing … (2 comments)

chris pataki realtor: It’s Time To Prepare Your House for a Spring Listing - 02/20/24 04:19 AM
Now is the ideal time to begin preparing your home if you plan to sell it this spring. As the market prepares for its busiest season, it will be crucial to ensure that your home stands out from the competition.
Here are some helpful pointers to help you prepare your home for the market.
 
 
Declutter and Organize
Buyers are influenced by first impressions, and a messy home can quickly turn them off. Spend some time organizing and decluttering each room before listing. More than just organizing your belongings, decluttering aims to make your house feel open and spacious so that prospective buyers can picture … (6 comments)

chris pataki realtor: Expert Guidance for Accelerating Your Spring Home Sale - 02/02/24 06:02 AM
A house sale can be a major undertaking. A common goal among homeowners is to sell their home quickly.
Whether you're relocating, downsizing, or have other reasons why you need to sell quickly, putting these strategies into practice can really help.
A thoroughly thought-out plan can improve the home sale process, regardless of whether it's a glitzy mansion or a stigmatized property.
Years of experience as a listing agent have taught me that far too many sellers need to work hard to create a positive impression of their properties.
For first-time home sellers who require additional experience as a backup, it becomes essential. It can … (1 comments)

chris pataki realtor: Unseen Dangers: Identifying Hidden Red Flags in Home Buying - 01/30/24 06:30 AM
Red flags could keep you from selling, or costing you a lot of money if a deal does end up falling through. It is advisable to address these concerns before listing your house for sale.
When it comes time to make an offer, the majority of buyers who are willing to take on your maintenance responsibilities will look for a discount, which can occasionally be significant.
 
 
What is a Red Flag in Real Estate?
Anything unfavorable that can affect your decision to buy is a red flag. There are a few warning signs that you should watch out for when purchasing a home. These red flags point … (3 comments)

chris pataki realtor: Foreclosures Are on the Rise — Will the Market Sink or Swim? - 01/16/24 06:58 AM


Over the previous two years, the number of homeowners at risk of foreclosure has increased.
As per a recent report by real estate data firm ATTOM, over 357,000 properties faced the dreaded foreclosure filing in 2023. That was an increase of 136% from 2021 and 10% from the year before.
But real estate experts say it's unlikely that there will be another wave of foreclosures that flood the market with inexpensive homes.
“We see the recent rise in foreclosure activity as a market correction rather than a cause for alarm,” ATTOM CEO Rob Barber said in a statement. “It signals a return to more … (3 comments)

chris pataki realtor: Uncovering the Secrets of House Prices in a Competitive Market - 01/02/24 03:33 AM
Home sales are dependent on a number of variables, even in seller's markets, so you may need to be adaptable.
It's possible that you're selling a house in a market that is competitive, with little supply and a lot of demand. And you're probably thinking "Whew," if not "Yay!" You are aware that compared to otherwise, you're probably going to have better offers, more interested buyers, and a quicker contract signing process. The good news does, however, come with a warning: you must control your expectations by learning what influences home sales and prices. The right real estate agent, market circumstances, buyer … (2 comments)

chris pataki realtor: Selling Made Easy for Pet Owners: Expert Insights & Proven Strategies - 12/26/23 03:08 AM
Although not all potential homeowners will agree, pets are the best.  Two things are true for those who own dogs or cats: they can be messy and they are endearing.
The American Pet Products Association estimates that over 111 million households in the United States own a dog or cat, demonstrating the widespread sentimentality of this pet ownership. So, it's crucial to get rid of any evidence left by our furry friends when it comes time to sell your home. After all, sellers frequently thoroughly clean and stage a home before putting it on the market to encourage potential buyers to see … (1 comments)

chris pataki realtor: A Buyer's Guide to Timing Your Northern Delaware Home Purchase - 12/12/23 07:09 AM

Although they have fallen from their October highs of 8%, mortgage rates are still high and remain aground 7%. Additionally, house prices are high: As per the most recent Case-Shiller U.S. National Home Price NSA Index, there has been a seven-month consecutive increase in home prices. It makes sense that these elements combined could discourage you from making a purchase at this time. 
Regardless of the direction the Northern Delaware real estate market is taking, investing now allows you to start accruing equity right away.  It also entails avoiding the possibility of future increases in mortgage rates: Increasing rates not only result … (0 comments)

chris pataki realtor: Reconsidering Your Options: The Unexpected Perks of Selling Your House - 10/16/23 03:08 AM
Even though you might be hesitant to sell your home because you don't want to commit to a mortgage rate that is higher than the one you currently have, there are other factors to take into account. Your personal needs might actually be more important than your financial situation. As stated in a Bankrate article: 
“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”
In light of this, consider the following: Why did I want to move in the … (2 comments)

chris pataki realtor: Unveiling the Surprising Factors Behind the Ongoing Sellers Market - 10/16/23 03:04 AM
Because there are so few homes for sale, the housing market is still a seller's market even though it has slowed from the frenzied "unicorn" years. What does that actually imply for you, though? And why are the market conditions for selling a home so favorable right now? 
Housing supply is still incredibly low, according to the National Association of Realtors' (NAR) most recent Existing Home Sales Report. The quantity of available homes on the market is used to calculate housing inventory. The amount of time it would take to sell all those available homes based on current demand is also measured … (0 comments)

chris pataki realtor: Unlocking Your Home Equity: A Tool for a Smooth Retirement Transition - 10/16/23 03:02 AM
A big life milestone that comes with a lot of change and new opportunities is reaching retirement. One thing you might be thinking about is selling your house and finding a new one that better fits your changing needs as the door to this exciting chapter opens. 
 
 
Thankfully, you might be in a better position than you think to take action. These are some of the causes.
Consider How Long You’ve Been in Your Home
The average homeowner stayed in their house for approximately six years between 1985 and 2009. However, that figure is higher now, according to the National Association of Realtors (NAR). … (2 comments)

chris pataki realtor: Understanding the Life-Enriching Benefits of Buying a Home - 10/16/23 02:54 AM
Purchasing and being the owner of a home can significantly alter your life. Although there are financial benefits to owning a home, it's important to consider the non-financial advantages that elevate a house above merely a place to live.
These are a few of the best non-monetary justifications for home ownership.
94% of survey participants cite "Having Control Over What You Do with Your Living Space" as their top motivation for owning, according to Fannie Mae.
 
 
In a true sense, your house is your own. Unless there are particular requirements set forth by your homeowner association, you are free to decorate and alter your … (4 comments)

chris pataki realtor: How Retirees are Relocating to Reconnect with Their Grandkids - 10/16/23 02:49 AM
For health reasons, many people kept their distance from loved ones during the pandemic. It was advised that grandparents avoid their grandchildren, particularly when school started. This is because seeing their grandchildren, who might have become ill at school, would have been dangerous. 
 
 
Many grandparents are eager to spend more time with their grandchildren now that the pandemic has passed in order to make up for lost time. However, how are they fulfilling their "Grandparent Wish"? According to the data, a lot of people are relocating to ensure they have more quality time.
Grandparents Are Moving To Be Near Loved Ones
People between the … (2 comments)

chris pataki realtor: Unpacking the Long-Term Benefits of Homeownership - 10/16/23 02:46 AM
If you're considering purchasing a home in Delaware soon, you may be wondering if it makes sense to do so at this time due to rising mortgage rates, rising home prices, and persistent affordability concerns. Though those market factors are significant, there are other factors to take into account. It's important to consider the long-term advantages of homeownership as well. 
 
 
 
Consider this: you're probably not going to find many people who regret their home-buying decision if you know people who did so five, ten, or even thirty years ago. For what reason is that the case? The explanation has to do with … (0 comments)

chris pataki realtor: Discover How Home Equity Can Help Overcome Affordability Obstacles - 09/19/23 12:54 PM
Have you considered selling your home? If so, you might be questioning whether you made the right choice given the current mortgage rates. Some homeowners are hesitant to sell and purchase a home with a higher mortgage rate. If this concerns you as well, you should be aware that while rates are high right now, so is home equity. What you should know is as follows. 
How equity develops and what it is, according to Bankrate:
“Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much … (1 comments)

chris pataki realtor: The Inventory Crisis: Unveiling the Factors Restricting Housing Supply - 09/19/23 12:45 PM
If you're considering moving today, one question on your mind is probably: Why is it so difficult to find a house to buy? It might be tempting to wait until you have more options, but that is probably not the best course of action. This is why. 
There aren't enough houses for sale, but this issue isn't limited to the present. It has been difficult for years. Let's examine some long-term and short-term elements that have attributed to this restricted supply. 
 
 
Underbuilding Is a Persistent Issue
The fact that builders haven't been constructing enough homes in recent years is one of the main causes … (2 comments)

chris pataki realtor: From Keys in Hand to Happy Homeowner: 7 Essential Steps to Get Settled - 09/03/23 09:47 AM
Congratulations on choosing to purchase a new home, which is a big decision! But now that the excitement of buying is over, it's time to concentrate on what comes next. To protect and secure the new property, a number of things must be organized and taken into account. In order to ensure a smooth transition into a new home and prevent any unpleasant surprises in the future, this blog will walk you through the crucial steps that every new homeowner should take.
 
 
Change or Rekey the Locks 
It is advised to avoid using the previous owner's locks and to change all the locks … (1 comments)

chris pataki realtor: Surviving the Turbulent Housing Market: Your Need For a True Expert - 09/03/23 09:44 AM
The housing market is still shifting and changing, making it more crucial than ever to have a reliable real estate agent on your side in this fast-paced environment. Working with a professional who can lead you through each particular step of the process is essential, whether you're buying your first house or selling one you already own. 
 
 
The truth is that not all agents behave in the same manner. You need a real estate expert who uses their understanding of what's actually happening with home prices, housing supply, industry projections, and more to give you the best advice possible if you want … (2 comments)

chris pataki realtor: Cost-Effective Ways to Spruce Up Your Delaware Home Before Listing - 08/30/23 07:16 AM
You want your house to sell as quickly and for the highest price possible when you put it on the market. And depending on how well your house is maintained, that might entail making some upgrades before you list. 
However, remodeling your home doesn't have to be expensive! Several home improvement projects that can help you have a big impact on a small budget were listed in a recent Bigger Projects article, including:
 
 
Paint the walls. You cannot find a more impactful use of your money than painting. Your home's appearance and atmosphere can be completely changed by fresh paint, making it more … (3 comments)

chris pataki realtor: Unlocking the Door to Homeownership: Checklist for Prospective Buyers - 08/15/23 03:11 AM
There are probably many things on your mind if you're trying to decide if you're ready to purchase a home. You're considering your finances, the current home price and mortgage rates, the dearth of available housing, and other factors. And you're trying to balance how each of those factors will affect the decision you'll make. 
 
 
 
While the state of the housing market will undoubtedly affect your choice, your own circumstances and financial situation may be even more crucial. According to a NerdWallet article
“Housing market trends give important context. But whether this is a good time to buy a house also depends on … (2 comments)

 
Christopher Pataki, Hockessin Delaware Real Estate (RE/MAX Associates)

Christopher Pataki

Hockessin Delaware Real Estate

Hockessin, DE

More about me…

RE/MAX Associates

Address: 668 Yorklyn Road, Hockessin, DE, 19707

Mobile: 302-562-0628

Office: 302-234-3800

The goal of this blog is to inform consumers who are buying, selling and investing in real estate.


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