By now, just about everyone has been contacted in one way or another by the folks at the Census Bureau. For Dewey Beach, DE residents who received a letter, email, or smartphone notification, it probably pointed out that there is a legal obligation to provide truthful answers for the every-ten-year canvass.

For those who have yet to respond, this might have provided a degree of anxiety—especially given the April 1 date that’s part of the message. But don’t worry. That date wasn’t a deadline—it was simply the Census ‘Reference Day’—the date for which the information is true. If Aunt Mabel was residing in your Dewey Beach, DE home on April 1, she should be included in the household’s headcount—even if she subsequently moved out. The stated object is “to count everyone once—only once—and in the right place.”

Some individuals randomly receive more specialized questionnaires—those can be quite detailed. If you have ever waded through the variety of publications produced from past decennial censuses, you know the amount of effort they represent. That’s especially true this year: COVID-19 has thrown a monkey wrench into the works. The deadlines for responses have been extended, delayed, and sometimes suspended and extended. Field operations have been delayed, causing a renewed plea for those who are able to avail themselves of the online response mechanisms. That will keep the need for knocks on the doors to a minimum—a safety issue this year.

Cooperating with the census effort benefits everyone in any number of ways. Valid census information not only guarantees that Dewey Beach, DE receives a fair share of federal funds ($675 billion annually; even more in state grants)—the deeper data provides local businesses with information that helps them shape the products and services we use every day. It also protects Dewey Beach, DE home values by enabling local leaders to arrive at informed decisions that make the community ever more livable. Keeping up with the latest Dewey Beach, DE area information is important to real estate, too. Call me! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

Some of the best early advice for future Dewey Beach, DE home sellers centers on preparing the property without overspending. The reason why these first decisions get so much attention is the importance of starting out with an asking price that’s competitive—one that draws a crowd right out of the gate. If you strain the family coffers by paying (or borrowing) for extensive remodeling projects, it’s only human nature to assume that the additional value you’ve plowed into the property must command top dollar!

A further temptation to overspend owes to underestimating the effect of testing the market with an over-the-top opening listing price. It’s easy to assume that if the market doesn’t respond well, you can always lower the asking price—creating even more “special sale” value. But in reality, that time spent testing the market is more likely to have the effect of lowering the apparent desirability of the property. The last impression you want to give prospective buyers is that your Dewey Beach, DE home belongs on real estate’s equivalent of a department store ‘marked down’ rack.

Note that the original “best advice” doesn’t provide an answer for whether any given upgrade, replacement, or remodeling activity will be cost-effective—those decisions (and there may be a slew of them) have to be made one by one. And in reality, to actually weigh whether any single expenditure would be smart or self-defeating requires another baseline piece of information: where your property measures up in relation to other comparable Dewey Beach, DE homes—the “comps.”

Once you have a fact-based report with the current market returns (information prospective buyers will be looking at), you’ll be prepared to make informed decisions about preparing your property. That first “best advice” turns out to be a second step. Step One should be securing a thoroughgoing rundown of the latest Dewey Beach, DE comparables. That’s why my own best advice is offered with assurance: give me a call! I’ll put together a comprehensive written analysis of how your home compares in light of the latest market results. There will be zero obligation on your part—so you can mull over the information at your own pace. Should you decide to take the next steps, you’ll have the vital information to avoid expensive overdoing! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

As Dewey Beach, DE homebuyers arrive at their final choice, it’s impossible to ignore how greatly their decision will influence their future. Five, ten, twenty—or more— years from now, the purchase will likely have shaped a lot of what’s to come. Buying a home in Dewey Beach, DE at this point in time may be seen to have been a great move for the family. Or not. It’s a truism that puts most homebuyers in a thoughtful state of mind.

 A prime facet of what will come to be seen as a successful purchase is whether it will later be seen as a financially shrewd decision. On that score, today’s Dewey Beach, DE buyers have little to worry about—particularly if they will be financing with a typical 30-year home mortgage. Everyone knows that home loan interest rates are low right now—but the real impact of how that fact will actually play out is informative.

The average interest rate over the past half-century is 7.75%, according to Freddie Mac’s official records in http://www.freddiemac.com/pmms/pmms30.html. By decade, that breaks down as—

1970s: 9.35%      1980s: 12.34%    1990s: 7.91%     2000s: 5.10%      2010s: 4.03%

For the average homebuyer during the past 50 years, that means a typical monthly payment for a $300,000 mortgage has been (principal and interest only) $2,149. Contrast that today’s buyer—when offered a 3.75% home loan, the monthly P&I will be only $1,389. Over the course of a 30-year loan, that’s a difference that works out to a savings of more than $273,600!

Back in the ‘80s, when interest rates were ballooning, buyers could only shake their heads when they heard stories about earlier generations who had financed their homes for what seemed like pennies. Those earlier mortgagees might as well have been lottery winners. It’s no stretch to foresee that years from now, future buyers facing historically average (or worse) rates may hear what today’s buyers are being offered and think it’s some wild exaggeration.

Your own envy-worthy home purchase begins with finding the right Dewey Beach, DE home—one you’ll enjoy living in for years to come. Get started by giving me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

Dewey Beach, DE homeowners who regularly watch the “Today” show or Fox Business, or who listen to NPR’s “All Things Considered” on the drive home from work may already be familiar with the views of Liz Weston, a regular contributor to ATC and a number of other leading media outlets. Her best-selling book, “Your Credit Score-Your Money & What’s at Stake” is a years-long bestseller, rating 4+ stars on Amazon. 

Weston, who is also a best-selling author, frequently unearths practical takes on day-to-day household financial matters. One recent research report appeared in nerdwallet.com under the tantalizing title, “The 3 Biggest Financial Decisions You’ll Ever Make.” Unexpectedly, the momentous choices she revealed aren’t directly financial in nature. They don’t deal with things like opening a savings account or picking stock market winners. Instead, all three are key lifestyle decisions that research shows are directly correlated with financial stability:

1.      Education level. Over the 24-year period from 1990 to 2013, the median net worth of the families studied soared for those highly educated—and dropped for the others. The difference between those who didn’t finish high school and two- or four-year college grads was striking.

2.      Marital status. Married people showed almost double the net worth of those who never wed. Even so, —divorced persons were worse off than never-marrieds for as long as ten years after the split.

3.      Homeownership. The decision to buy and retain a home “can have the biggest impact on your wealth.” By the final year of the study, the gap between the net worth of homeowners and others was $195,000 for the homeowners versus $5,400 for renters.

That these lifestyle choices wind up being crucial financially won’t come as a surprise to Dewey Beach, DE homeowners. Helping make the most of that decision is where I come in. I do hope you’ll give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com