patakirealestate: Mastering the Art of Moving: Lesser-Known Tips and Trusted Remedies - 12/19/23 02:49 AM

 
Even the most well-organized person may experience extreme stress when moving. While there is no way to totally remove stress, there are known and unknown ways to make it easier. In this blog post, we'll go over some advice on how to lessen the stress and facilitate a more seamless moving experience. 
Create a Moving Checklist
Making a thorough moving checklist can be the difference between complete chaos and a well-organized move. A moving checklist is a vital tool that will help you remain organized, make plans, and work through each task one step at a time. A well-thought-out checklist can help you … (1 comments)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: The Resilience of the Sellers Market: What Is Driving It? - 09/07/23 05:43 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 … (2 comments)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: 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)

patakirealestate: Breaking Down the Numbers: Demystifying Todays Mortgage Rates - 07/26/23 02:32 AM
You might be interested in knowing what the future holds for mortgage rates if you monitor them because you are aware of how they affect your borrowing costs. This question can't be easily answered because mortgage rates are notoriously difficult to predict. 
 
 
The relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield, however, has historically been a good predictor of what will happen with rates. Here is a graph depicting those two figures ever since Freddie Mac began compiling data on mortgage rates in 1972:
 
 
According to the graph, historically, the difference between the two over the previous 50 years was … (0 comments)

patakirealestate: From Dreaming to Owning: How to Master the Homebuying Journey - 07/03/23 01:10 PM
 Buying a home in Delaware can be a big decision, especially in today's expensive housing market. It's important to be smart about it. The interest rates on your mortgage loan can affect how much money you have to pay back. To save money, some people are rethinking what features they really need in a home. 
 
 
 
 
Creating Your Wish ListIf you're looking to buy a home, take some time to figure out what you really need. Make a list of all the features you want, and then organize them into different categories. Here's a helpful way to do it:
 
 
 
Must-HavesThese are the features that … (2 comments)

patakirealestate: Your Roadmap to Becoming the Best Delaware Home Buyer - 06/19/23 02:12 AM
Welcome to the Summer Buying Season (and National Home Ownership Month)Hey there! It's summertime, and that means more people are selling their houses. This is great news for you because it means there are more houses to choose from! But it also means there are more people looking to buy, so you need to be a powerful buyer to get the house you want.
 
 
Get Pre-Approved and Know Your BudgetBefore you start looking for a house, you need to know how much money you can spend. Talk to a local lender to get pre-approved for a loan. This will show sellers that … (1 comments)

patakirealestate: It's National Home Ownership Month - A Great Time To Sell Your House - 06/06/23 01:53 PM
If you are contemplating the sale of your house, it is important to be aware of the current market conditions. With the limited number of homes available for sale there is a significant advantage to Delaware sellers. This is due to the fact that there are more potential buyers than there are homes on the market. Consequently, with a scarcity of options, buyers will be more inclined to consider your property, increasing the likelihood of attracting a larger pool of  home buyers.
 
 
Industry experts have shared their insights on the advantages of selling now. Let's take a closer look at their perspectives.
Lawrence … (1 comments)

patakirealestate: Waiting for cheaper house prices? - 04/18/23 03:55 AM
That is a risk that must be weighed carefully.With the ever-changing housing market, it's natural to wonder what the future holds. One crucial factor that comes to mind is home prices, which have slightly decreased since their peak in June of last year. You may have also heard rumors of an impending price crash through various news outlets or social media platforms. As a result, you may be hesitant to invest in a home until prices drop significantly. However, this approach may not be the most effective strategy.
It's essential to understand that the housing market is cyclical, and prices will fluctuate … (4 comments)

patakirealestate: Sellers, Spring Brings Increased Homebuyer Activity in Delaware - 04/12/23 05:56 AM
The Northern Delaware housing market is showing signs of warming up this spring, with an increasing number of buyers entering the market. This is a positive development for sellers, especially after the rising mortgage rates had sidelined many buyers last year. 
It is evident that buyer activity is on the rise, as indicated by the increase In mortgage purchase applications. Essentially, the number of mortgage applications serves as a reliable indicator of the number of buyers seeking to obtain a mortgage. In simpler terms, an upsurge in mortgage applications translates to an increase in buyer demand. This trend has been observed since … (2 comments)

patakirealestate: If You Are Considering Investing in Real Estate, Act Now! - 04/02/23 11:54 AM
The current state of the economy is causing widespread concern and uncertainty. As someone who is personally affected by these challenges, I can empathize with those who are feeling the same way. Recently, I had a conversation with a banker who has noticed that many of their customers are withdrawing funds due to the latest banking scandal. Unfortunately, this is a common reaction when issues arise in the banking industry - people tend to panic and withdraw their money. 
Despite the challenges we are facing, it is important to remain optimistic and proactive. By staying informed and making smart financial decisions, you … (2 comments)

patakirealestate: Final Walk-Through Checklist: Get It Right the First Time - 03/28/23 01:26 PM
As you near the end of the home buying process, it is essential to conduct a final walk-through of your soon-to-be new home. This critical step ensures that the property is in the condition you agreed upon with the seller. During the walk-through, you will inspect the property for any damages or issues that may have arisen since your last visit. Taking your time during this process and thoroughly examining every aspect of the property is crucial. Doing so can help you avoid any surprises or unexpected expenses after closing.
 
 
To prepare for the final walk-through, it is recommended that you schedule … (5 comments)

patakirealestate: Spring Cleaning Inside Your Home - 03/25/23 03:51 AM
 It's that time of year again and you know what that means - deep cleaning. The idea of giving your home a spring cleaning may seem overwhelming at first, but it doesn't have to be. We've talked to a variety of cleaning experts to get the scoop on the best spring cleaning tips, and how to get your home looking spick and span—with as little scrubbing as possible.
Open the windows, start your deep clean from the top and work your way down.
 
 
Dust. Dust and debris usually fall from higher surfaces, says Townsend, so it’s important to clean them first. “Start … (4 comments)

patakirealestate: Self-Employed? Investing in Real Estate May Be the Lifeline You Need - 03/13/23 03:11 PM
Being your own boss can be pretty cool. One of the best things is that you get to decide how much money you make. You might even make a ton of money! But sometimes, it's not easy to make money all the time. And even if you work really hard, you might not always get rich.
 
 
Sometimes it's hard to pay for everything you need when you don't get paid for a while. It might seem impossible to buy real estate, but this article for business people explains why it could be a really good idea. Here are some reasons why:
Did you … (3 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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