pataki real estate: 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)

pataki real estate: How to Avoid These Common Snow Removal Mistakes in Northern Delaware - 01/11/23 07:14 AM
Winter has begun in Northern Delaware. We don't get lots of snow storms but the ones we get can be doozies.
Knowing how to deal with snow is a must if you want to protect your home this winter—and that includes understanding what snow-related mistakes to avoid.
So what, exactly, are those mistakes?
A recent article from outlined snow removal mistakes homeowners tend to make during the winter months, including:
Not cleaning gutters or downspout drains. If your gutters are congested, snow melt can’t drain properly. If temperatures drop, that melting snow can freeze—and as the ice expands, it can break your gutter or … (4 comments)

pataki real estate: 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)

pataki real estate: 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!


pataki real estate: 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 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)

pataki real estate: 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 outlined some of the widely believed rules about selling a home in today’s market that are no … (1 comments)

pataki real estate: With Uncertain Economic Times, Is Buying a Home Still a Good Idea? - 10/26/22 07:16 AM
Despite the Federal Reserve's best efforts to reduce inflation, the most recent data indicate that it is still high, hovering around 8%. The stock market was affected by this information, and discussions about a recession gained momentum.

As you watch the price of goods and services rise, you're probably already feeling the effects in your day-to-day existence. Should I continue purchase a property at this time given the strain it's putting on my pocketbook and the oncoming economic uncertainty? Here is what you need to know if that is the burning question on your mind.
Owning a home has historically been a fantastic … (1 comments)

pataki real estate: Do Your Diligence Before You Overpay for Your Next Home - 10/05/22 07:20 AM
“Even though asking prices are still climbing, [recent] data shows that more sellers overreached what buyers were willing to pay, and had to reduce their asking price,” says® Chief Economist Danielle Hale
The thing is, many home sellers haven’t gotten the memo yet. Or they have, but are in denial, hanging on to some long-shot hope that their property may still find some buyer willing to pay a sky-high price. Since so many home sellers are clinging to the past, real estate listings are rife with rip-offs these days.
No buyer, of course, wants to overpay for a property. But how can … (1 comments)

pataki real estate: Welcome to 1728 W Sixth St, Wilmington, Delaware - 10/03/22 02:33 AM

pataki real estate: Thinking About a Renovation? Know Your Numbers! - 09/28/22 05:40 AM
Renovating your home is a great strategy for homeowners for two reasons. The first, and perhaps the most obvious, is that you are able to remodel your home to exactly the way you want it, giving your living space a new life with all the modern amenities and conveniences at your fingertips. The second reason, however, is resell value.
It's not always easy to know how much a renovation is worth to your bottom line, though. Simply tacking on the cost of renovations to your sale price won't cut it most of the time, so we put together this handy list of … (3 comments)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: 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)

pataki real estate: How to Avoid Homebuyer’s Remorse in a Hot Market - 05/19/22 12:12 PM

Buying a home is almost always a great investment, and of course it’s exciting to find and close on a home that you will get to call your own. That feeling of joy and confidence can fade quickly though if certain things are overlooked during the process. 43% of homeowners have at least one regret about buying their home, and that number jumps to 64% for millennials, according to a recent Bankrate survey.
Here are a few tips for ensuring your home purchase is regret-free.

Get to know the neighborhood
Don't let your enthusiasm for a home run away with you. Before making an offer, … (0 comments)

pataki real estate: Common Items In Your Home That Are Dangerous For Your Dog - 08/18/21 09:16 AM
Humans love their dogs. This, the purest kind of love, makes complete sense.
Dogs are loyal, sweet, and the best companion anyone could ask for. They’ve been living paw-in-hand with us for thousands of years. They’re part of the family and they stick with us through whatever’s going on in our lives, so we wish we could have them in our lives forever!
But our best friends are not invincible. One of the worst things that can possibly happen is when they get into something they shouldn’t and it makes them ill—or worse.
Now, you probably already know about … (0 comments)

pataki real estate: How to Buy or Sell a Home During the Pandemic - 11/19/20 07:51 AM
Since online, DIY apps made homes "available to view" online, it's become
common for potential buyers to find a home online. You can take these steps to
make your home more attractive to people who now are only looking online.
See beyond the photos & request more if you want them.
Take video tours and ask for a one-on-one, realtime tour so you can "see" more of the home.
Reach out to the listing agent with specific questions and for more media or information

Can you … (1 comments)

pataki real estate: Contingent Home Purchase Offer Explained - 10/22/20 07:41 AM
When purchasing a home, you may have heard the term "contingent offer" mentioned and wondered what it means and how it affects the sale. A contingent offer is one where the seller and buyer have agreed to terms of the sale and the home is now under contract. However, the sale will only be closed when certain contingencies have been removed or waived.  They include, but are not limited to
Financing (which really serves as an umbrella to many other contingencies such as)
Home Sale Contingency
Appraisal Contingency

Wood Destroying Insect Inspection
Radon Inspection
Septic Inspection
Lead Paint … (0 comments)

pataki real estate: When You Think Rates Can't Go Any Lower - They Can - 07/15/20 07:06 AM
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):
What does this mean for buyers? This is huge for homebuyers. Those currently taking advantage of the increasing affordability that comes with historically low interest rates are winning big. According to Sam Khater, Chief Economist at Freddie Mac:
“The summer is heating up as record low mortgage rates continue to spur homebuyer demand.”
In … (0 comments)

pataki real estate: Just Sold In Newark - 01/23/20 02:15 PM
31 Coach Hill Drive, Newark, DE Just Sold Description Photos Maps & Local Schools Print Get Your Homes Value Special Financing Search All Homes For Sale Homes Close to Where You Work Newark Homes for Sale Presented By: Christopher Pataki Realtor RE/MAX Associates 302-562-0628 Licensed In: Delaware License #: RS-0019092
  Schedule a Showing/Request Info $ Click for current price4 BEDROOMS | 3 Baths (3 full ) BATHROOMS | 2225 SqFt Welcome to the desirable Coach Hill neighborhood ideally located between Newark, White Clay Creek State Park, and Pike Creek area. This 4 bedroom, 3 full bathroom home is spacious and … (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

Email Me

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




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