111 S. White Cedar, Milton, De 19968 | $287,000

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Property Details

This pristine ranch in quiet neighborhood close to beaches will not last. New carpet,paint, heat pump, roof, in 2015. Gorgeous sun room brings in nature at its best. Fenced rear yard with patio, above ground pool (or space for in-ground pool). De
  • MLS Number: 725961
  • Status: Active
  • Price: $287,000
  • Property Type:
  • Area: Cedar Creek Hundred
  • Community: Sylvan Acres
  • School District: Cape Henlopen
  • Square Footage: 1,591
  • Year Built: 1994
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $511
  • Association Fee: $50
  • Furnished: No
  • Lot Square Feet: 52
  • Lot Size Acres: 0.00
  • Water: Well
  • Sewer: Gravity Septic

Interior Features

  • Kitchen: Eat In, Island, Kitchen/Dining Room Combo
  • Fireplace: Wood Burning
  • Heating: Forced Air, Heat Pump(s)
  • Cooling: Central A/C
  • Flooring: Carpet, Vinyl
  • Basement: Crawl Space
  • Attic: Floored
  • Appliances: Cable TV Pre Wired, Dishwasher, Dryer-Electric, Fridge w/Ice Maker, Oven/Range Electric, Washer, Water Heater Electric

Exterior Features

  • Style: Rancher/Rambler
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Asphalt Shingle
  • Foundation: Concrete Block
  • Garage: Attached
  • Garage Size: 2
  • Parking: Garage, Off Site Parking
  • Porch/Deck/Patio: Deck - Rear, Patio - Rear
  • Exterior Features: Pool-Above Ground

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES GALLO-L

For Sale by Owner Can Be Risky Business!

When you determine to sell your house, one of the first choices that comes up is tactical: do you try to sell it yourself as a Milton “For Sale by Owner” property—or do you enlist a real estate agent? Since your object is to maximize your profit, you might think that most thrift-minded home owners would decide to eliminate the agent’s commission and do the work themselves. But that’s not the case.

The majority of sellers ultimately team up with a Milton real estate agent. Sometimes they go the For Sale by Owner route first, but after testing that method, change courses. The statistics show that the selling price of Realtor®-assisted home sales is higher (a $40,000 difference, according to the latest study) which certainly would explain part of the reason. But other factors come into play, too:

  1. Pricing:  If you aren’t immersed in Milton’s real estate business five to seven days a week, there’s no way you can have the intimate knowledge about the current market that comes with daily work in the field. A real estate agent comes armed with extensive knowledge of the local market and all the changes that have brought it about. It’s extremely important to price your home correctly to sell it on the first go-round. It’s a demonstrated fact that the longer a home sits on the market, the lower its final sale price. 
  2. Time and Energy:   A Milton For Sale by Owner sign in the front yard means you are in charge, 24/7! That’s despite any other demands on your time—for example, your job! One of the benefits of using a real estate pro is that selling your property is our singular focus: our job! It means marketing, networking, working with buyers. Doing whatever it takes to get your house sold is our first priority. Lacking the same kind of time and resources, a For Sale by Owner seller is at a clear disadvantage in the competition to sell houses. It’s a marketplace where one missed buyer can mean the difference between a listing that turns into a sale…and a listing that turns stale.
  3. Objectivity:   The house is yours: you designed or decorated it; you’ve fixed and painted and mowed and swept it. If you took your work seriously, you feel at least some pride in how it’s presented. Unfortunately, that’s a problem. Lacking objectivity in the sales milieu can be one of the biggest hindrances to actually selling your house. It makes it hard for you to negotiate—to see and acknowledge the flaws a buyer sees. And it can make buyers wary of even wanting to negotiate with you in the first place. Either factor can prove costly. Separating owner from sales agent opens communication. It’s a relief for everyone!
  4. Paperwork:   This is the most obvious point. If you choose to wade into the paperwork/deadline process yourself, you’d be wise to count on needing a bit of extra attention from a good real estate attorney—if only to avoid potential litigation down the line.
  5. Security:   It’s unfortunate, but putting your house up For Sale by Owner in Milton (or anywhere) can make you a target. Less-than-honest folks are out there—creeps who may specialize in sellers who might not follow the proper measures for letting people into their homes.

If you are looking into selling your own home this month, I’d like to offer you a complimentary property evaluation. Whether or not you decide to go the Milton For Sale by Owner route, it’s sure to be well worth discussing what to expect from today’s market!

3 Strategies for Setting Your Milton, DE House’s Asking Price

Selling your Milton, DE house for the best price sometimes involves a certain amount of luck, but it’s the kind of “luck” that’s a lot more likely when you’ve set out the welcome mat for it. In addition to strategic home preparation and a solid marketing push, selling your Milton, DE house for the best price also has to do with where that price starts out: that is, the asking price.

Once you have a clear idea of the professional opinion of its market value—that is, a price that aligns with the latest comparable sales data for similar Milton, DE homes—you have three alternative strategies:

1.      You can set an asking price as close as possible to what the comps suggest. After all, it’s reasonable and defensible—and lenders are likely to agree if a home loan becomes a contingency in the final sale. A possible downside is that it will be more difficult to stand out from the crowd since many comparable properties may be priced at the same level. It can also prove necessary to compromise with buyers who assume any asking price is an opening bargain position.

2.      Or, you can set the asking price higher than what the comps indicate in the hope that a buyer who isn’t too economy-minded will fall in love with your place—or the strategy might be to make a final agreement more likely by leaving room for negotiation. The downside is that if a sale fails to materialize, lowering the asking price later can be costly: those reductions (especially multiple reductions) are like properties that linger on the market for a long time: they suggest that something is wrong (even if the only problem was the asking price).

3.      Alternatively, you can set the asking price lower than have comparable rival properties. The strategy here is clear enough: the expectation that serious house hunters will become interested. Very interested. Fascinated, in fact—especially in a market where supply is tight. The most serious prospects—the ones who know the market—will be expected to hurry to beat the others to your door. In the best case, this can result in a bidding war, resulting in higher-than-asking offers.

 

Selling your Milton, DE house for the best price has another proven hallmark—one I’m pleased to pass on. The median selling price for homes sold with the assistance of a Realtor® like me is significantly higher than for those where the owner decided to go it alone. Currently, the final sale price averages $59,000 more for the typical home sale (per the NAR). For Milton, DE sellers interested in getting the best price, the implication is clear: call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com