houses for sale in delaware chris pataki: Mortgage Rates Are Dropping - It's a Great Time To Buy! - 01/25/23 03:37 AM
Last year, the Federal Reserve took decisive action to combat rising inflation. In response, mortgage rates skyrocketed from the record lows seen in 2021, reaching a peak of 7% in October. This sudden surge in rates had a detrimental effect on potential buyers' purchasing power, leading many to put their plans on hold.
Today, the rate of inflation is beginning to decline, resulting in mortgage rates dropping below last year's peak. This is great news for potential homeowners, as it means they can take advantage of more affordable rates.
 
 
That's potentially excellent news for buyers looking to re-enter the housing market. A decrease … (1 comments)

houses for sale in delaware chris pataki: New Year Makes It a Great Time to Buy a House - 01/17/23 08:10 AM
Now is an excellent opportunity to purchase a home. With interest rates dropping from the summer highs and sellers more willing to negotiate on concessions, it's the perfect time to take advantage of the market and invest in a property. Not only can you save money on your mortgage payments, but you can also benefit from the potential for increased equity in the future. Plus, owning a home can provide a sense of stability and security that renting can't. So, if you're looking for a long-term investment, now is the ideal time to buy a house.
 
 
People flocked to purchase a house … (1 comments)

houses for sale in delaware chris pataki: Reasons To Seriously Consider Listing Your House in January 2023 - 12/28/22 06:38 AM
If you’ve been thinking about selling soon, you’re probably leaning toward doing so when the spring market rolls around, since it’s often considered the best time of year to sell a house. However, you might want to reconsider what constitutes the “best” time for you to sell your house.
It’s hard to qualify any specific time of year as the best time to sell, but spring probably gets ranked highest more so because it’s when more people tend to list their homes, and more buyers tend to look for a home. But that doesn’t mean it’s the most strategic time to sell yours.
In fact, listing your … (2 comments)

houses for sale in delaware chris pataki: Why You Need a Property Manager for Your Rental Properties. - 12/21/22 06:33 AM
If you’re considering purchasing a rental property, here’s the good news: they can be a great investment. But they can also be a lot of work, and some homeowners don’t have the skills or desire to put in the work necessary to both take care of their property and ensure it brings in steady income.  
That’s where property managers come in.
A good property manager can bring a ton of value to rental property owners, so if you’re considering buying a rental property, you may also want to consider hiring an experienced, trustworthy property manager.
But what, exactly, do property managers do—and how does … (2 comments)

houses for sale in delaware chris pataki: Tips to Help You Become a Better Seller of Your Home - 12/14/22 08:01 AM
Selling a house isn’t something most people do on a regular basis, so it’s easy to make mistakes that can cost you time and money.
While your real estate agent will be able to guide you through the entire process and help you avoid those mistakes, it helps if you come into the process and relationship with your agent knowing a thing or two.
Here are 14 real estate tip memes to help you gain some valuable insight ahead of time, and help you sell your house quickly and for top dollar!
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houses for sale in delaware chris pataki: If you're thinking of selling your home, try these quick fixes - 12/07/22 07:00 AM
When you list your home, you want it to sell as quickly as possible. But in order for your home to sell quickly, it needs to appeal to buyers. One way to make your home more appealing to buyers is to clean it up. This will help to remove any potential distractions or negative associations that buyers may have with the property. Additionally, you can make sure that the exterior of your home is in good condition and that any necessary repairs have been made.
A recent article from Redfin outlined quick DIY home improvement projects you can do to up your home’s appeal—and … (1 comments)

houses for sale in delaware chris pataki: Short Sale vs. Foreclosure: What’s the Difference? - 11/30/22 08:10 AM
There are a few different scenarios for homeowners that are struggling to make their mortgage payments or are “underwater” on their homes (and owe more than what it’s worth)—including short sales and foreclosures.
But what, exactly, are short sales and foreclosures, and what’s the difference between them?
A recent article from realtor.com answered key questions people have about short sales and foreclosures, including:
 
 
What is a short sale? A short sale happens when a homeowner’s mortgage is higher than the market value or sale price of the home when they want to sell; in other words, they’re “short” on what they owe. In a short sale, … (1 comments)

houses for sale in delaware chris pataki: Keep Your Eyes Open for These Scammers - 11/23/22 07:31 AM
At this point everyone knows not to fall for the email from a Nigerian prince promising to share his fortune with you if you just send him your banking information. After all, that scam has been around almost as long as the Internet has existed, and most people have seen it at least once!
But people don’t buy or sell a house all that often, so real estate scams and shams can be easy to miss to the untrained eye.
So let’s take a look at 5 things you should be leery of as a homebuyer or seller that may be an outright … (2 comments)

houses for sale in delaware chris pataki: Want Your Home to Retain Its Value? Be on the Lookout for These Things - 11/16/22 07:17 AM
When you buy a home, you want it to retain (and, ideally, grow) its value over time.
But how, exactly, do you determine if a home you’re considering purchasing will deliver a return on investment (ROI)—or lose its value in the coming years?
A recent article from realtor.com outlined elements that typically help homes retain their value in the long-term, including:
Classic home design. Homes with a classic, niche design style—like a Colonial, Victorian, or American Craftsman—are timeless. Thanks to their unique design, quality, and high-end craftsmanship, these types of homes are more likely to retain their value over time (particularly when compared to more “cookie … (2 comments)

houses for sale in delaware chris pataki: When Selling Your Home Now, Disregard the Following Rules - 11/09/22 08:53 AM
The market is changing in Northern Delaware. While bidding wars, sky-high prices, and homes flying off the market were a reality just a few months ago, rising mortgage rates, changing economic conditions, and increasing inventory have caused a serious shift in Delaware home sales.
And if you’re selling your home, it’s important to operate under the conditions of the market the way it is now, not the way it was last year or a few months ago.
So what, exactly, does that look like?
A recent article from realtor.com outlined some of the widely believed rules about selling a home in today’s market that are no … (1 comments)

houses for sale in delaware chris pataki: Welcome to 1728 W Sixth St, Wilmington, Delaware - 10/03/22 02:33 AM
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houses for sale in delaware chris pataki: Important Reasons for Working with an Agent to Sell Your Home - 09/21/22 07:28 AM
In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.
Here are some considerations a professional will guide you through.
What You Need To Know About Your Local Market
Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean … (4 comments)

houses for sale in delaware chris pataki: How To Reduce Seller Anxiety from the Home Inspection - 09/14/22 09:03 AM
 
The home inspection can be a particularly stressful part of the home buying process for buyers, but the equally anxious seller might be waiting with bated breath for the results as well. The buyer is typically responsible for scheduling and paying for the home inspection, but if the house is revealed to have major defects, a new negotiation period begins for corrections, credits or losing the sale altogether.
“When selling a home, one of the most nerve-wracking parts of the process is waiting to see the outcome of the home inspection,” says Mallory Micetich, home care expert at Angi.
Home inspection issues like … (1 comments)

houses for sale in delaware chris pataki: The Importance of Staging a Home to Sell - 08/30/22 12:17 PM
Home staging is the set of actions necessary to prepare your home for sale. Staging a house is an essential task that pays actual dividends. Staged homes sell for more money and in less time than non-staged homes.
 
Why Is Staging a Home Important?Staging a home is crucial because it allows potential buyers to see your home with fresh eyes. The National Association of Realtors' 2021 Profile of Home Staging revealed that 82% of buyers' agents said buyers could more easily visualize a staged house as their own home.
According to that same report, 47% of buyers' agents said that home staging affected most buyers' perception of … (1 comments)

houses for sale in delaware chris pataki: Make Your Home Stand Out Over the Competition - 08/24/22 07:04 AM
After a full day of house hunting, even the hardiest shopper has difficulty remembering each home they visited. A selling display featuring your property's benefits is a great way to be sure your home stands out. We've used the following marketing strategies to successfully sell many homes. They could work for you too!
Creativity Counts
Your home's best attributes can be attractively displayed on a poster, in a loose-leaf binder or photo album and displayed on your dining table or near the front door.
Home shoppers appreciate a memory-jogging take-home flyer, summarizing the display information for later study. The flyer should always include the … (3 comments)

houses for sale in delaware chris pataki: Are We Being Set Up For The Next Mortgage Crisis? - 08/17/22 09:20 AM
 
Over the last few years, home prices steadily climbed. Combining these price increases with the nearly doubling of  mortgage rates has taken its toll on the mortgage business.  Buying a home became much harder for the average American and mortgage applications were way down. Lenders did not take this sitting down, instead they went head on in to making loans less difficult to obtain.
Mortgage Rates Went Off

Residential mortgage rates were about 3% at the beginning of the year.  Over the next several months, rates had closed in on 6%.  This cost increase was insurmountable to many who had only seen rates … (2 comments)

houses for sale in delaware chris pataki: Curb Your Fears of a Repeat of the 2007 Market Downturn - 07/20/22 09:47 AM
 
 

Not a 2007-08 Repeat With housing prices increasing and the mortgage interest rates increasing, there was a slowdown from unprecedented levels of home sales. Do NOT think that this will be a repeat of the house market from just 15 years ago where prices crashed.
First, housing in general is a better position health wise than during 2007.  Controls were put into place to minimize the potential of repeating the devastation to our entire economy starting with much more stringent lending guideline that sifted through the potential of problem loans before they made it to a purchase.  Today … (0 comments)

houses for sale in delaware chris pataki: Tips To Help Recover Your Lost Hour of Sleep - 03/08/22 12:42 PM


Daylight saving time in 2022 begins on Sunday, March 13, which means at 2 a.m. local time, your clock will jump ahead to 3 a.m.—or you'll need to remember to set it to an hour later manually. Happily, the start of daylight saving time means the days will finally start getting longer and the light will stick around even later, but it also means we'll lose an hour of precious sleep—something one-third of U.S. adults already don't get enough of, according to the CDC. And when you regularly don't sleep well or long enough, you don't just feel bad physically (sluggish, … (1 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

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