pataki real estate: Why Sellers Hold the Power in Todays Housing Supply Landscape - 03/26/24 02:42 AM
Are you unsure if selling your house now is still the right decision? Well, to put it briefly, yes. You can see two reasons for this if you look at the quantity of houses that are currently for sale.
 
 
According to a Calculated Risk article, the number of properties for sale has increased by 15.6% since the same week last year. That indicates a rise in inventory. However, compared to 2019, the last year the housing market was normal, there are currently about 40% fewer homes available for sale:
 
Here's a summary of how this helps you in the event that you sell.
 
 
1. … (2 comments)

pataki real estate: Let There Be Light: How Lighting Can Elevate Your Home Staging - 03/12/24 04:27 AM
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FREE STAGING GUIDE
 
The lighting in your home plays a crucial role in highlighting all of your best features, so make sure to highlight them all before you flaunt them. Consider this: we adore public spaces with plenty of light, such as parks and shopping malls. Prospective purchasers will value the same glow emanating from your house.
It involves more than just turning on all of the overhead lights. To make the room more cheerful, you must select the appropriate arrangement of blubs. To make sure your property is flawlessly lit before a showing, follow these seven staging tips.
1. Clear Up … (7 comments)

pataki real estate: First Impression Help: Tips for Maximizing Your Home’s Curb Appeal - 03/05/24 03:49 AM
  It's true what they say: "First impressions matter," particularly when it comes to your house. One of the most important factors in determining how people initially view your property is curb appeal. Making the most of your home's curb appeal is a worthwhile endeavor, whether your goal is to sell it or just improve its overall appeal. This post will discuss doable strategies and ideas for updating the outside of your house to make it seem more hospitable and appealing. 
 

 
Front Door: Your front door is a main attraction and an excellent place to create a statement. … (4 comments)

pataki real estate: 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 … (5 comments)

pataki real estate: 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)

pataki real estate: The Early Bird Advantage: Selling Your Home Now for Optimal Results - 02/13/24 03:05 AM
Moving might be one of your main objectives for the upcoming year. However, how can you decide when to take action? Although spring is typically the busiest time of year for home buyers, you don't have to wait until then to sell. Here are some reasons why not to wait.
 
 
1. Take Advantage of Lower Mortgage RatesThe 30-year fixed mortgage rate peaked in October of last year at 7.79%. They reached their lowest point since May in January. This implies that you might not feel as committed to your existing mortgage rate at this time. Moving is now more affordable than it … (1 comments)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: A Fresh Start: Key Tips to Get Your Home Sold in the Spring - 01/23/24 06:04 AM
A time of rebirth and blooming flowers, spring is also a hot time for the real estate market. The real estate market wakes up alongside nature. For those who are looking to sell their homes, it offers the best opportunities.
We'll look at professional springtime house selling advice to capitalize on the lively vibes and increased attention from buyers.
This advice will be especially helpful if this is your first time selling a house. Selling real estate can be an educational experience. Every time you complete it, your skills improve.
These are the things you should think about in order to maximize the experience.
 
 
Enhance … (3 comments)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: Help For First Time Home Buyers In Wilmington Delaware - 11/15/23 09:34 AM
First Start Home Buyer Program is part of neighborhood revitalization initiatives Wilmington is providing help  residents with a down payment on a property.
Wilmington Mayor Mike Purzycki stated in a news release earlier in November that residents who meet the income requirements can receive up to $15,000 to assist in the purchase of a home.
The New Homebuyer Assistance Program was accepted earlier this year as a part of the 2024 budget.
 
 
First Start Homebuyer Program
The program is designed to help first-time homebuyers, those who haven't owned a property in the previous three years, as well as displaced homemakers and single parents, with closing … (0 comments)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: Wondering What is Going on With Home Prices? - 08/11/23 08:29 AM
If you have been watching the market lately, this will come as no surprise - home prices are rising.  It appears that the media ginning up a catastrophic crash in the housing market was a bit overblown.  If you are looking to see what the approximate value of your home is click GET YOUR HOME VALUE. 
If you need a more in depth analysis, call me and I will be happy to help you understand where your value stands.
 
 
 

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pataki real estate: Debunking the Notion of a Repeat 2008 Foreclosure Crisis - 07/29/23 04:00 AM
You may have seen headlines recently discussing the rise in foreclosures in the housing market if you've been following the news. You might still be unsure about this, especially if you're thinking about purchasing a home. In order to know the truth about what is happening right now, it is crucial to comprehend the context of these reports.
Foreclosure filings are up 8% from a year ago and 2% from the previous quarter, according to a recent report from property data provider ATTOM. Despite the fact that this increase is the subject of media headlines, focusing only on the number may cause … (1 comments)

pataki real estate: The Housing Market: Why Now is a Great Time to Sell Your House - 07/06/23 06:49 AM
Right now, there's a big problem in the housing market. There aren't enough homes for sale compared to the number of people who want to buy them. This means that there's a limited supply of houses available.
 
 
A recent report from Realtor.com shows just how limited the housing inventory is. In June, the number of active listings was 50% lower than the levels seen before the pandemic in 2017-2019.
Take a look at the graph below. It shows historical data and compares it to the inventory levels of a more normal market. You'll see that the numbers are still far below what they … (3 comments)

pataki real estate: Tips for a Healthy Lawn - 06/29/23 07:08 AM

 
If you want to keep your lawn healthy and looking great, there may be things that you’re doing that are actually causing your lawn to be less healthy without knowing it.
Overwatering. Your lawn needs water to thrive. But when it comes to watering your lawn, “too much of a good thing” definitely applies. If you live in an area that has a decent amount of rain, you only need to give your lawn about an inch of water per week. Planting one type of seed. When it comes to a healthy lawn, variety really is the spice of life. Planting a variety of seeds … (2 comments)

pataki real estate: Unveiling the Hidden Expenses: A Closer Look at Selling Your House DIY - 06/26/23 06:13 AM
Why Selling Your House with a Real Estate Agent is a Smart Move
 

Selling your house is like solving a big puzzle. Some people try to sell their homes on their own, but it's not as easy as it sounds! Without a real estate agent, you might face all sorts of problems. So, if you're thinking about selling your house by yourself, here's some important stuff you need to know.
The Challenges of Selling on Your Own
The most recent Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveyed homeowners who had recently sold their own homes. They found … (4 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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