Listing Courtesy of LONG AND FOSTER-REHOBOTH
This is actually a situation that’s very common, but not much remarked upon: you know you are going to be selling your Lewes home—only not for a while…and perhaps not for a very long while! Is there anything you should be doing now, long before actual preparations are called for?
There sure is! Let’s call these low-intensity preparations. They may be low-intensity in the immediacy department, but when the distant day arrives when you are selling your home, they can be very fortuitous. Here are some of the elements you can benefit from putting into action long before you expect to need them—
Number One (the most obvious and perhaps most important) is landscaping. Trees and bushes are part of the backdrop of our everyday living, and something many people—even gardeners—may tend to accept without envisioning large-scale changes. That’s because they grow so slowly it doesn’t seem realistic to worry about what might be possible. But when you think long-range, landscaping should be at the forefront. When the time comes for selling your home, a vision first initiated five or 10 years earlier can become a colorful and shady reality, worth a very great deal in terms of the overall impression your Lewes property makes.
It’s human nature to just put up with heating, plumbing, air conditioning and other systems that could operate much more conveniently and economically, but which are expensive to overhaul. But think realistically: if you know that later on you will be selling your Lewes home—and realistically will certainly have to upgrade those vexing mechanicals when that happens—give serious thought to taking action earlier…even NOW! Not only will you be able to enjoy the improvement, it’s entirely possible that savings realized from the gains in efficiency will materially offset your initial outlay. Why let the future owners get all the benefit?
When you are selling a home, photography is one of the most impactful marketing tools you’ll have at your disposal. A couple of years before you plan to join the Lewes listings, keep a camera ready to snap those fleeting moments when the season and light combine to make some detail of garden or home magically illuminated. Even a professional photographer can’t ‘make’ such moments happen. As Ansel Adams’ outdoor masterpieces confirmed: the perfect light at the perfect season is worth more than money can buy.
It doesn’t hurt to keep abreast of happenings in the national and Lewes real estate market, so that you’re informed about what to expect when you ultimately join the fray. One of the best ways to do that (other than to keep reading my blog) is to check out the neighborhood listings from time to time: they’re here on my site. And one of the best ways to proceed when the moment does arrive when you will be selling your home in Lewes is (of course) to give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestate.com.
Can existing home sales slide at the same time they advance? Lewes, DE real estate watchers who have heard similar conflicting accounts on successive news reports could be forgiven for deciding somebody is confused. They might be right about that, but in fact, both reports are technically correct.
The contradictory accounts may have originated from a press conference held a while ago by the National Association of Realtor®s’ Lawrence Yun, the group’s chief economist. At first, it sounded as if U.S. sales—particularly existing home sales—was a straightforward bad news story. “Contract signings were down,” was the main takeaway. A video of the press conference didn’t dispel the impression, showing journalists, clicking away on their notepads. And in fact, the total represented an existing home sales figure representing a falloff from the same month a year earlier.
But then came the next news: recorded prices were up! Existing home sales figures showed sales prices had risen a full 5.8%, compared with the previous year.
Lewes, DE buyers and sellers who’d managed to catch only brief snippets of the news might well have come away with either of the two contradictory impressions. Particularly for those who plan to sell their Lewes, DE home this spring, the true state of affairs could be relevant. If sales are sluggish, it could lead them to consider a lower asking price—or even to hang back from the market temporarily. On the other hand, if buyers are demonstrating they’re willing to put more cash on the table, it could be time to strike now while the iron is hot!
Which is it?
It’s both true that the number of homes being put up for sale is (at least for now) less than overwhelming, and also true that sales prices are on the rise. As with any time demand is greater than supply, prospects who are determined to buy will be willing to make higher offers—even as the total number of sales is stuck in neutral. Viewed from a global perspective, it’s a good news/bad news story that makes perfect sense.
Even for buyers encountering higher asking prices, there’s a saving grace—it’s the fact that by historical standards, Lewes, DE home loan rates are still yielding truly affordable monthly payment numbers. That creates what we see in this spring’s market: opportunities that reward both Lewes, DE buyers and sellers.
Call me to see what I mean! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.