Realtor® Magazine’s editors have frequently described the financial hurdles facing first-time buyers in today’s market. Even so, despite rising home prices and stalled inventories, a third of recent existing home sales have been to the newbies.

A pair of recent RM articles directly (and indirectly) explored several factors that help explain some first-timer successes. The articles dealt with bridge loans and some advantages Dewey Beach, DE first-timers may have over repeat buyers.

Last Thursday’s “Bridge Loans May Help with Intense Bidding Wars” describes the solution that temporary loans provide to existing homeowners. Current owners commonly face a situation where offers they make on a new home must necessarily be contingent on the successful sale of their own property. That snag can make an otherwise winning bid less attractive than a lower non-contingent offer. The solution for the current homeowner is a bridge loan—a temporary, high-interest loan (typically 8.5% to 10.5%, according to Housingwire) that provides enough cash to fund a contingency-free offer.

The bridge loan article points to one path Dewey Beach, DE homeowners can choose to solve a timing dilemma—but it also uncovers a real estate reality that should encourage first-timers. This was dealt with directly a few weeks earlier:  

RM’s “Advantages First-Timers Have Over Repeat Buyers” portrayed the same situation from the opposite point of view. Because “anyone in a position to make an offer without a home-sale contingency is going to be better positioned than those who are waiting to free up cash,” first-timers enter the offering arena with that advantage over existing homeowners—at least until the other side arranges for one of those bridge loans (or sells their property). It is also true that first-timers can have access to a number of down payment assistance programs and grants not available to repeat buyers.

Whether you’re a first-timer or a current Dewey Beach, DE homeowner, part of my service is to present the many choices that are available to you as a buyer. Call anytime! 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.

Lately, most stories dealing with residential real estate have headlined one of two leading subjects: either the scarcity of homes for sale or the recent appreciation in home values. For local owners, reading about a rise in Dewey Beach, DE home values can be a real mood-booster. Even if there is no intention to translate higher numbers into cash by selling or refinancing, it’s a comforting notion to think that the world agrees that your property isn’t just worth what you paid for it: it’s worth a lot more!

For local homeowners who haven’t experienced that pleasant feeling lately, here are a few of the most-trafficked sites that present their computer-generated calculated values for Dewey Beach, DE addresses. Chances are that when you enter your own address, you’ll see that the market value has been on the move lately. There is a caveat to be made after you’ve tested the models—but first, you may want to see how they work:

https://www.realtor.com/

https://homevaluerealestatecenter.bankofamerica.com/services/hvt/request

https://www.chase.com/personal/mortgage/calculators-resources/home-value-estimator

https://www.zillow.com/how-much-is-my-home-worth/

If you tried more than one of those links, you will probably have noticed that the figures calculated are surprisingly different. That’s what produces the caveat mentioned at the start. The numbers that look so official onscreen are the products of different Automated Valuation Models. AVMs take available price trends and basic property characteristics and shoot out the best results they can. But since the trends are generalizations that are unlikely to be neighborhood-specific—and the property ‘characteristics’ can’t take into account the individual features that make any home unique—the results vary as widely as you’ve seen.

When it really matters, you’ll want to get a much closer picture of how your property rates in today’s market. That’s where I come in—when you are ready to consider listing your own home, it will be my pleasure to put together a thorough survey of today’s market and an analysis of how your property may fit into it. Of course, there will never be any obligation! 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.

Last Thursday, NASA plunked a one-ton, car-sized vehicle down on Mars—complete with a pet drone aboard. On Friday, Dewey Beach, DE screens showed the first high-definition pictures of the Martian neighborhood it will start digging up shortly, while meantime, hi-def videos of the landing were being processed for release this week.

There was a time when everyone could count on the world around them remaining pretty much as it had always been. Back then, it was safe to assume that your children would dwell in a community whose institutions and lifestyles would remain comfortably familiar. Needless to say, today, most Dewey Beach, DE folks will be startled if everyday living doesn’t become markedly (and unpredictably) different.

We’re constantly experiencing the daily ramifications of nonstop innovation. We’ve discovered that we have to pay to get rid of those big, heavy, expensive, picture-tube TV sets. Never mind the VHS videotapes gathering dust in the garage; in a wireless streaming on-demand world, owning physical copies of music or movies has become a quaint artifact of days gone by.

So it’s certain there will be practical Dewey Beach, DE real estate repercussions as technology advances ever more rapidly. For instance, alert locals bent on trying to suss out what’s next would have sat up straight earlier this month if they happened across one back-page financial news item. The tripwire for them would have been the name in the headline: Elon Musk. That name is often tied to some startling conjecture about an improbable endeavor—later followed by the announcement of its actual achievement.

The article in question dealt with the investment possibilities for SAV technology and how deeply Mr. Musk is invested in SAV development. “SAV” is short for “shared autonomous vehicles,” which boils down to self-driving taxicabs.

First must come the safe perfection of ‘self-driving’ technology (which is progressing at warp speed). Robotic vehicles won’t have or need side-mounted mirrors or steering wheels, so they aren’t street-legal yet—but it’s only a matter of time. (Anyone who doubts that need only recall that horse-drawn buggies aren’t allowed on freeways).

Frequent speculation has it that as soon as self-driving cars and trucks predominate, it’s inevitable that human drivers will become an unacceptable danger to one and all. Meantime, Uber has already demonstrated the advantages of vehicle sharing. For the moment, Mr. Musk is currently associated with 60.8% of the autonomous vehicle accidents now under investigation—but never mind, it’s only a matter of time.

What then are the Dewey Beach, DE real estate repercussions for this endeavor? They may be unknowable, but at least one seems likely. Keeping in mind how, in the Victorian era, a handsomely mounted built-in wooden icebox was a valuable addition to any thoroughly modern kitchen, a future question may be, “how much of an asset is that two-car garage?”   

But we can relax for the time being—the current Dewey Beach, DE real estate market still values a spacious garage. Call me when your plans include buying or selling anytime soon! 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.

A home inspection is one of the last hurdles that buyers and sellers have to get through before the sale of the property is complete.”

After that definitive declaration, the moving.com web site goes on to detail the importance of home inspections. It is unarguable—as far as it goes. It does capture the angst that can sometimes accompany Dewey Beach, DE home inspections, particularly when a seller isn’t really certain that all the property’s systems will pass muster.

The thorough going-over by a professional Dewey Beach, DE home inspector can reveal weaknesses that are unknown to the current owner—and that call for immediate attention. If too many individual issues come to light, even though they all may all be corrected without undue expense, the sheer number can spook a buyer.

That mere possibility can spawn anxiety and sleepless nights for the seller, coming when it does (in moving.com’s phrase) as “one of the last hurdles” in the runup to closing. For homeowners who are less than certain about all the details of their property, those doubts can postpone any decision to go ahead and put it on the market—even when there are good reasons that suggest the time is right for a move. Since holding the disposition of the family’s greatest asset off the table can have expensive consequences, it’s fortunate that there is a simple, inexpensive way to break up the logjam:

Order a preemptive home inspection.

It’s also called a “pre-listing” home inspection—but you don’t have to be planning to sell your Dewey Beach, DE home to benefit from this simple action. It’s one that surprisingly few homeowners pursue. That’s too bad—because for what usually costs just a few hundred dollars, they would be apt to learn details about their property that only an expert’s eye can unearth—but which might tip them off to serious problems likely to cause major expense later on. And for those who are contemplating listing in the immediate future, a preemptive inspection report gives owners a clear idea of what the buyer’s report would reveal—and to decide whether to take action to prevent surprises from upending a sale.

A preemptive home inspection is a good way to flatten the hurdle of last-minute inspection surprises. Call me for more ideas that experience has shown to remove other “hurdles” from your home’s sale. 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.