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Solved: When is the Best Time to Sell Your Milton, DE House?

May 15, 2018

When is the best time for selling your Milton, DE house? Is there even a best time?

If the change in residence is triggered by some inflexible external factor (like a transfer at work), the answer is foreordained: NOW! That can be right now, or in November, or February—since you will be making the move, to avoid paying for two homes, there really isn’t a choice. The sooner it’s listed, the better.

But if the timing of a move is completely at your discretion, the “when” can be troubling. More than one Milton, DE homeowner has worried so long and hard about the issue that years pass. When the For Sale sign does eventually go up, it’s probably because the cost of inaction has become apparent. 

The true answer to the question about the optimal time for selling any given Milton, DE  house usually has more to do with the owner’s individual circumstances than with the ebb and flow of the real estate market. After all, the sale of any particular Milton, DE house occurs when the ultimate buyer—the prospect who is attracted to the property and who has the wherewithal to buy—learns that it is being offered. That prospect may be more likely to surface during the busiest selling times of the year—but that’s certainly not assured. There’s literally no way to predict when the ultimate buyer will happen to show up.

So, what’s the answer? ATTOM Data Solutions is the mega-data collector which operates a host of the most ubiquitous real estate sales data collectors: outfits like RealtyTrac.com and Homefacts.com. ADS can point to the fact that their data is cited by thousands of media outlets every month: CBS Evening News, The Today Show, Fox News, The New York Times, etc. They aren’t, in other words, kidding around.

A couple of weeks back, they published the answer to the timing question. Here it is:

The best time for selling a house is now.

This wasn’t just a tricky way of saying “as soon as possible ” or “the moment you think you’d like to sell.” ATTOM means literally now: in the month of May.  They analyzed 14,700,000 home sales from 2011 to 2017 and discovered that selling your house in May resulted in “the biggest premiums above estimated market value” of any month. The actual premium percentage was 5.9%. I have to agree, that’s a pretty significant statistic.

 

If selling your own house in Milton, DE is in the cards, I think it actually is true that seasonally speaking, it’s a great time of year to get going. If you’ve been worrying about the solution to the timing question, you can thank ATTOM…then give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com

In Multiple Offer Scenarios, Last Step First Wins the Day

May 15, 2018

Particularly when the supply of homes for sale falls well below demand, house hunting can take more determination than usual. Since U.S. residential real estate markets have been long mired in exactly that lean-inventory situation—the accompanying publicity could discourage folks who’d otherwise already be in the hunt for Georgetown, DE homes for sale.

While it can take some stick-to-it-ness to locate the ideal Georgetown, DE home that’s for sale at a price that fits your budget—the truly frustrating thing would be for your offer to be passed over in favor of a competitor’s. If the other party swoops in with an over-the-top offer that would bust your own budget, there’s not much you can do about it. But if a competing offer wins out for other reasons, that’s truly crazy-making. Such a scenario might play out if the other party had prior experience in the process of landing homes for sale. They would have foreseen the value of putting the “last step first.”

The last step first in this connection refers to the steps involved in buying and selling a home. The buyer takes many steps leading up to the closing table. But a knowledgeable buyer also considers the process strategically from the other guy’s standpoint. And when you think about things from the seller’s POV, the last step comes with the weighty decision about whether to accept an offer.

When a seller gets the good news that an offer (or multiple offers) have been submitted, beyond the dollar amount, there are crucial dependability factors. If the buyer can’t actually follow through with the purchase because of credit score problems or some other factor, it means the last step in the seller’s process was a misstep. It can be an expensive one. The seller may have lost qualified buyers while the bank was deciding not to fund. And now the property may be seen as less desirable than other Georgetown, DE homes for sale which haven’t lingered unsold for nearly as long…

When the seller’s choice is between one offer from a buyer who has been pre-approved by a lender and another from someone who is just beginning to feverishly gather pay stubs and tax returns, the prudent decision is pretty clear. The first buyer foresaw what the seller’s decision might well hinge upon—and dealt with that last step first.

 

Part of my value as your agent is in knowing all the steps you as a buyer or seller will encounter, and helping you prepare for each in a timely and wholly stress-free manner. I hope you’ll call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com

Earthships Gain Gravity on Terra Firma

May 15, 2018

This Tuesday, the 2018 Earthship Biotecture Conference will be called to order—but I’m not aware whether any Fenwick Island, DE delegates will be attending. Since sustainability and minimal use of the planet’s resources are the goals of the Earthship movement, the realities of airline fuel consumption and the fact that the conferees’ meet-up is taking place in Portugal would make attendance hard to justify. 

Earthships, for those who haven’t been paying attention, are the most realized expressions of eco-friendly housing. True Earthships are off-the-grid residences constructed with “biotectural” building materials like soda bottles and used tires rammed with earth. Powered by photovoltaic panels and wind turbines, they use any number of clever recycling ideas to conserve water and control internal heating and cooling.

The idea originated in New Mexico in the late 1970s, championed by architect Michael Reynolds. His architect’s license was revoked after early disillusioned Earthship buyers sued over leaky roofs, mold, and other complaints (apparently the plaintiffs hadn’t taken the “experimental” nature of the projects seriously enough). But, following the release of the green movement’s hit documentary, Garbage Warrior, Reynolds’ license was reinstated. By now, Earthship projects have been completed well beyond New Mexico—they can be found in Europe, Central America, and Africa.

Although Earthships have yet to catch on around here (Fenwick Island, DE Earthship listings are nowhere to be found), the kernels of individual Earthship attributes have been steadily gaining traction. Just last week, for instance, California became the first state to mandate solar paneling for every new home built after 2019.

 

You may not be ready to grab a flight to Portugal or to commission your own Fenwick Island, DE Earthship, but it’s not a bad idea to keep abreast of some of the earth-friendly (thus, wallet-friendly) technological advances that are beginning to transition from the experimental to the practical. In the meantime, for assistance with any and all Fenwick Island, DE real estate matters, give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com