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Top Five Indications Your Milford, DE Kitchen Needs Attention

Jul 10, 2018

Every Milford, DE Realtor® has heard this observation from a selling client more than once: “Now that I’ve fixed the place up, it’s so nice to live here!” It’s sometimes followed by a wistful, “I should have done it years ago!” They don’t need to add, “so we could have enjoyed it ourselves.”

The culprit has to be human nature—at least the part that resists spending money improving something that works (even if it doesn’t work all that well). One of the prime areas where this tends to hold true is in Milford, DE kitchens.

Since it’s generally acknowledged that the kitchen area is one place (if not the place) that gets the most intense scrutiny from prospective buyers, it is also one of the first areas that sellers decide to update. For anyone who might decide to sell within the next few years, that makes a pretty good argument to go ahead now while you can enjoy the upgrades yourself.

Since everyone tends to get used to our households as-is, it can be helpful to step back and consider where “as-is” could also be “has-been.” Here are five leading signs that your kitchen would benefit from an infusion of energy:

1.      Although everything is there (somewhere), you waste time every day rummaging for kitchen tools and ingredients. Cure: more counter and cupboard space.

2.      You can’t make coffee and toast simultaneously. Cure: electric circuitry needs modernization.

3.      You need a flashlight to read product labels. Cure: an interior lighting redesign or window enlargement.

4.      Electric bills are painful. Cure: wholesale appliance upgrades (yesterday’s models can be serious power hogs).

5.      You don’t like to be there. If the typical American spends 6 hours a week in the kitchen (for Milford, DE, I’d guess that’s an underestimate), a quality of living improvement will result if those hours are spent in surroundings that please. Cure: a top-to-bottom design rethink is in order.

For sellers whose homes have been lingering on the market without success, that’s a sixth sign. Prospective buyers are quick to notice when Milford, DE kitchens are outdated—and those who don’t flee are bound to subtract kitchen upgrade costs from any offer.

 

Even if selling isn’t on the immediate agenda, I'd be pleased to share some of the cost-effective ways today’s local homeowners are finding to bring attractive amenities to their Milford, DE kitchens. Call anytime! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com

Selling Your Milton, DE House for More Than It’s Worth: Not!

Jul 10, 2018

In my capacity as Milton, DE real estate information-gatherer, I really couldn’t pass up last week’s, “How to Sell Your House for More than It’s Worth.” 

I know; I know: that’s the kind of web clickbait we’ve all learned to avoid—like popups announcing “New Law Cuts Milton, DE Residents’ Tax Bill in Half!” or “Secret Diet Miracle Food Celebrities Won’t Tell You About.” By now we’ve learned that the “new law” will turn out to be an obscure exception that applies only to some very small group and the “secret miracle diet food” is water. But despite all that, the “Sell Your House” essay turned out to be thought-provoking—although not in the way the authors probably intended.

First, about the article itself: its how-to guidance was organized into subtitles like “Quick Fix” and “Face lift.” The “sell your house for more than its worth” premise hinged on surface maintenance coverups. A final “Important Tip” turned out to be a whole bundle of tips—all of which boiled down to the caution, “selling a house is not easy.” I would add, especially if you ask for more than your house is worth.

But the authors were onto something—which is why their title works to attract readers. It is a fact that most otherwise sensible Milton, DE homeowners would be all ears if only it was possible to sell their Milton, DE house for more than it’s worth. Why not? And on first blush, it might actually seem possible—probably because of the free-floating nature of residential real estate price-setting. But there are two ironclad reasons why that’s an illusion.

First, in a free market like Milton, DE’s, a house is worth what it sells for. When someone actually pays X dollars, the house is worth X dollars. That may seem like a word game—but it is in fact definitory.

More persuasively, just about every one of today’s Milton, DE home buyers will make their offer contingent on an inspection—and our Milton, DE home inspectors are extremely talented when it comes to uncovering any of the article’s “quick fixes” and “facelifts.” Those were at the core of the “more than its worth” come-on.

Long story short: it’s more astute to plan on selling your house for what it’s worth. Those who try to sell for more than that will probably find themselves drumming their fingers, waiting for a buyer who agrees.

 

Right-pricing means getting an analysis of the latest Milton, DE market returns for homes similar to yours. Give me a call for an up-to-the-moment property analysis! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com

Long Neck, DE Home Loans: Somewhere Over the Rainbow

Jul 10, 2018

When you think about it, the whole set-up behind The Wizard of Oz movie has a lot to do with basic real estate—particularly when it comes to how Long Neck, DE home loans are created. It can illustrate a little-understood basic fact about the mechanics of how Long Neck, DE home loans originate. Looked at this way, L. Frank Baum’s story is more than just a cautionary tale about what happens when a perfectly good farmhouse gets uprooted and reestablished in a different state (or planet, maybe).

Since a refinance is a type of home loan, the connection with Long Neck, DE home loans couldn’t be clearer. In Oz, not only is the new neighborhood full of new risk-carrying hazards like uncaged lions, flying monkeys, and a variety of witches, but the land is being run by an untrustworthy Wizard who seems to exercise unchecked authority. If that weren’t enough to give any investor pause, there’s the worrisome matter of the poppy fields just outside of town…

If Dorothy’s parents were to try to refinance the farmhouse in its new site, they would certainly have serious problems finding a lender willing to participate at reasonable rates. And it’s here that Wizard illustrates a little-understood basic about how home loans and refinances come to be created.  

Most people think of a home loan strictly as an agreement between a lender and borrower. That’s only true on the surface. In fact, another entity is involved: the investor. Investors are outfits like Fannie Mae, the VA, FHA, etc.

Lenders (the Long Neck, DE banks and mortgage companies) are in business to offer loans which they can sell to investors. The investors issue guidelines to the lenders—guidelines that specify the degree of risk they are willing to take. In fact, cautious lenders strive to further minimize risk levels specified in the guidelines in order to be certain that a given loan will interest an investor.

So when Dorothy sings “Over the Rainbow” to her little dog, the sentiment could echo anyone who’s having to jump through hoops for their home’s refi:

If happy little birds refi

Why then, oh why can’t I?

 

Understanding why some home loans are easy while others seem stubbornly hard to arrange is one way to remove emotion from the process. That not only reduces stress—ultimately it tends to make success more likely. I’m here to move all your Long Neck, DE real estate matters into the “done” column: call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com