home buying: American Confidence In Housing At An All-Time High - 08/12/19 02:20 PM
Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.
 
 
Great News! The index reached its highest level since Fannie Mae began their survey. Breaking it down, the report revealed:
The share of Americans who say it is a good time to buy a home increased from the same time last year. The share of those who say it is a good time to sell a home … (2 comments)

home buying: Don't Be Fooled by These Myths - 08/09/18 04:12 AM


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home buying: 5 Last-minute Halloween costumes - 10/05/17 05:58 AM
You've just been invited to a Halloween party. The problem is, it's tonight. What are you going to wear? Here are five costumes anyone can throw together just in time for the party:
Pop culture reference
Sport your best black suit and skinny black tie and voila! You are Don Draper from Mad Men. Black glasses, a yellow hair clip, a light-blue t-shirt and blue skirt make you Tina Belcher from Bob's Burgers. Any good sitcom reference is sure to make party-goers giggle.
Tried and true classic
Glasses, suspenders, a few pens in your pocket, and a dorky attitude make you the classic nerd. A red bandana, … (2 comments)

home buying: Common Home-Buying Pitfalls to Avoid - 07/04/17 07:38 AM
 Purchasing a home can be exciting, challenging, scary, and confusing. There are several common pitfalls that trip up many home buyers. Knowing what they are can set you up for greater success.
Skipping pre-approval. 
Less extensive than prequalifying, your lender will take a deeper dive into your finances to pre-approve you for a loan. Checking the pre-approval box will give you a clear budget and be in your favor in a bidding war.
Making an emotional decision. 
Choosing your future home can be emotional. Remember, you've set a budget for a reason, so stick to it. Don't skip the inspection or back down from reasonable demands … (3 comments)

home buying: 5 Things You Need To Know Before Buying A Home - 07/13/15 03:35 AM

 
 
An Important Guide To Your Home Buying Adventure...   
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home buying: SNOOZE AND LOSE? - 06/27/15 10:45 PM
The longer you wait to buy a home, the more it can cost you. Here’s what potential buyers should know about acting now to get in the market
 
 
Many a fisherman has a story about the big one that got away. But years from now many a would-be homeowner could have a tale about the dream home that got away because they didn’t reel in the big catch in time, say the experts.
A recent report published by Realtor.com indicates that the financial consequences of postponing or passing on a home purchase in the current market could prove to be quite costly. The report suggests … (4 comments)

home buying: 5 Things to Think About When Buying Your First Place - 02/04/15 08:03 PM

As a renter, you have the luxury of choosing a place that meets your needs at the moment.​ Buying a home is a much bigger commitment, both in terms of finances and the length of time you’ll likely live there. When seeking out your first place – whether a house or condominium or anything in between – it’s important to do your homework.
Here are 5 things to consider as you begin the process of purchasing your first place.

1. The growth possibilities. Shop for a place that meets your current spaces needs, but also consider one that can adjust to a … (0 comments)

home buying: Housing Market Will Improve in 2015 - 11/18/14 08:00 PM

The lagging sector is new single family homes, where a shortage of skilled labor and buildable lots is holding back construction.
Eight years after heading into the tank, the housing market is finally nearing normal. Come 2015, sales of existing homes are likely to match or top the average for 1999-2002, before home buying mania seized the U.S. A strong rental market already has the construction of multifamily dwellings back to that historical norm.
The big exception is new single-family homes. Both construction and sales of them are running at just 50% of their pre-bubble levels, and they won’t regain … (0 comments)

home buying: Today's New Castle County Home of the Day - November 14 - 11/13/14 08:13 PM

Purchase this 3BR Wilmington townhouse with a garage for 30k less than its original purchase price of a few years ago.  For additional information go here - http://rem.ax/1xE0cpS
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home buying: 5 Reasons to Hire a Real Estate Professional - 11/12/14 08:22 PM

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.
1. What do you do with all this paperwork? Each state has different … (0 comments)

home buying: Breaking/Good News for Housing Industry - 10/22/14 06:08 AM

 
 
Two monumental decisions in U.S. housing regulations this week are major victories for homebuyers – and the housing industry at large. 


For starters, the final qualified residential mortgage, or QRM, rule eliminates the highly controversial requirement of a specific down payment amount, bringing the rule in line with the Consumer Financial Protection Bureau’s qualified mortgage, or QM, rule. The latter was created to protect borrowers from predatory lending practices.
Another victory for housing: Fannie Mae and Freddie Mac are releasing new guidelines that will allow borrowers with lackluster credit profiles to obtain loans with a down payment as low as 3 percent by considering “compensating factors.” Federal … (1 comments)

home buying: Thinking of Buying in Today's Market - Pros and Cons - 07/26/14 11:25 PM
 

Home ownership is part of the American Dream, and the pride of owning your own home is surely one of the intangible benefits you’ll receive when you make this big commit­ment. In addition, home own­ership provides several other advantages, including:
Tax breaks
When you own a home, you can take several deductions on your income tax. These deductions vary depending on your situation, but often you can write off all or part of the mortgage interest, real estate taxes paid, costs associated when you buy the home (such as interest points paid), and possibly other costs. If … (1 comments)

home buying: Reason 11 - Why You Should Own a Home - 07/12/14 11:19 PM

Have you been told by your landlord "No Pets Allowed!"?  Owning a home gives you much more freedom of having pets.   Whether it be cats, dogs, fish or any other type of pet studies show the following benefits from pet companionship:
 
§  Pet owners are less likely to suffer from depression than those without pets.
§  People with pets have lower blood pressure in stressful situations than those without pets.
§  Playing with a pet can elevate levels of serotonin and dopamine, which calm and relax.
§  Pet owners have lower triglyceride and cholesterol levels (indicators of heart disease) than … (0 comments)

home buying: New Castle Renovation - Coming Soon - 04/22/14 06:21 AM
Beautiful New Castle Renovation


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home buying: Happy New Year - 2014 Homebuyer's Checklist - 12/22/13 07:52 PM
The home buying process can be bewildering and stressful. We get it. And we’re here for you every step of the way. This homebuyer’s checklist breaks down the process and points you the tips and tools you need to find your next place:

1.    Figure out your finances.
o   Check your credit report.  You don’t want your credit score to hold you back once you’ve found your dream home, so make sure it’s in good standing ahead of time.
o   Figure out how much you would like to spend.  Think through your family’s priorities, your investment strategy, and your monthly … (0 comments)

home buying: Don't Miss This Beautiful Brick Ranch in Wilmington - 11/19/13 12:52 AM
Beautiful Wilmington Ranch


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home buying: Luxury Home Trends - 10/31/13 08:56 PM
The philosophy of "bigger is better" seems to be phasing out. Today's discriminating homeowner is looking for amenities that are tailored to his or her lifestyle and hobbies. What does this new buyer want? They still want a lot, just less of it:
Automation. Buyers want to control more of their homes automatically, from lights to heating/cooling systems to security. Casual décor. Formal dining rooms and living rooms are being replaced by more comfortable spaces. Distinctive styling. Today's buyers spend more money on and more time with their architects to create a home that reflects their personal style. Easy maintenance. Buyers are looking for easy-care … (0 comments)

home buying: Buyers Should Forget About Mortgage Rates, Focus on Rising Prices - 03/16/13 11:11 PM
Yesterday, Freddie Mac reported that the average interest rate for a 30-year fixed-rate mortgage (FRM) rose again to 3.63%. That’s an increase of +0.11% over last week and +0.29% since the start of this year.
So far, the predictions of Frank Nothaft, Freddie Mac’s chief economist, appear to be coming true. He previously predicted a gradual but steady rise in mortgage rates during 2013, perhaps reaching or exceeding 3.75% by year’s end.
Real estate agents and mortgage companies use these trends to motivate home buyers. They point to rising mortgage rates and say that now is the time to buy a … (1 comments)

home buying: Navigating the Home Buying Process in a Competitive Market - 03/12/13 09:37 AM
 
        Whether you are buying a home for the first time or the tenth time, you probably have a long list of “must haves” and “wants” for your dream home. With recent real estate forecasts announcing a housing market recovery in 2013, many pockets and niches throughout the nation are already experiencing a competitive market with low inventory of homes and bidding wars. Finding a home that has everything on your checklist can be a challenge, particularly if you are searching in a competitive market. There are, however, some tips that can help you navigate the home buying … (0 comments)

home buying: Home Buying | The Top 5 Things Today’s Buyers Want - 03/12/13 01:57 AM
     If you have ever watched a show about selling or flipping homes, then you know that there are many improvements you can make that can add nearly-limitless value to your home. However, ALL upgrades aren’t good upgrades. Some improvements can add thousands of dollars to the value of your home when you go to sell, while, unfortunately, some additions can actually turn buyers off. Since the recession, people’s buying habits have really changed. Studies have shown that buyers are much more price-conscious. As a result, they don’t want to feel like sellers are nickeling and diming them to death … (0 comments)

 
Christopher Pataki, Hockessin Delaware Real Estate (Keller Williams Realty) Rainmaker large

Christopher Pataki

Hockessin Delaware Real Estate

Christiana, DE

More about me…

Keller Williams Realty

Address: 56 West Main Street, Suite 101, Christiana, DE, 19702

Mobile: 302-562-0628

Office: 302-738-2300

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


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