As Thanksgiving rolls around again and our Bethany Beach, DE houses fill with visiting relatives and friends, it’s hard to repress an occasional thought like, “Gee, I hope the water heater holds up” or “Boy, this would NOT be the time for the range to give out!” But it’s true that if there’s one thing first time homeowners can learn from their more experienced Bethany Beach, DE neighbors, it’s to expect the unexpected—at least when it comes to home repairs. That isn’t to say that some wallet-draining breakdown is certain to happen a month or two after moving in—but the odds are close to 50-50 that something could need attention within the first year or so.

That was just one of the major takeaways for Bethany Beach, DE readers of last week’s NerdWallet 2018 Home Improvement Report. Among Americans who have ever purchased a home, a whopping 44% say they experienced some unexpected home repair within the first year of ownership. And 48% reported having experienced at least some level of anxiety due to unexpected home repair costs.

Fortunately, Realtor Magazine issued some follow-up research that should quell at least some of that anxiety over unexpected Bethany Beach, DE home repairs. Among 113,000,000 “high-dollar” projects, the average cost was only $1,350. The NerdWallet report furnished an explanation for this less-than-budget-breaking bottom line: the growing popularity of do-it-yourself solutions. They ascribed the phenomenon to the growing popularity of DIY TV programs coupled with the ready availability of online “how-to” videos.

Even so, when it came to major home repairs that most people leave to the professionals, roof repairs led the list.

Whether you’re a first-timer or veteran homeowner, anxiety-reducing solutions range from home warranty policies to what Consumer Reports also recommends: self-insurance via regular deposits into your own emergency repair account. Even though it takes most first-timers a while to build up that kind of substantial rainy-day war chest, the majority report feeling positive about their homeownership—it “makes them feel more accomplished” and financially stable.

For any and all your Bethany Beach, DE real estate questions, I hope you’ll feel free to 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

Successful pricing strategies in any endeavor must take the competition into account—so when it comes to right-pricing your Bethany Beach, DE home, that factor is at least as important as any other. 

From the seller’s point of view, right-pricing starts with a walk-away number: a price that would be so low it would result in financial hardship. Offers at or below that level are not welcome (although good practice dictates a counter, rather than a true walk-away, which risks bringing emotion into what might otherwise have resulted in an acceptable final offer). At the top of the pricing range are the outlandish pie-in-the-sky prices that never really materialize. Those billionaires who don’t care about their bottom lines also never materialize. As has been pointed out elsewhere, they didn’t become billionaires by not caring about the bottom line.

From the buyer’s point of view, right-pricing is what they’re looking for (or at least hoping is out there, somewhere). Many of today’s serious house hunters begin combing the Bethany Beach, DE listings by specifying a price range. It may top out at just a bit more than they will be actually willing to pay— but the lower number is often well below what they can afford. Needless to say, if a listing fits all their other criteria but the asking price is below comparable offerings, it’s a lead pipe cinch they will be calling their Realtor® to arrange for a showing. It’s a phone call they’ll make sooner rather than later—especially if they’ve had earlier experiences that led to a bidding war.

You can be reasonably assured that your house is priced wrong if it’s been on the market for months with no reasonable offers forthcoming. Other market factors can be at play, but the asking price is the first place to question.

So how do you know if your Bethany Beach, DE house is priced right? If you are confident that your property is in top shape, and if your agent’s comparable report shows that recent similar sales have closed safely above the walkaway level, setting a price that’s below top dollar should result in a strong buyer reaction—and a timely offer (or offers) from qualified buyers on terms that put a smile on your face.

That’s how you know your house was priced right! Getting there means teaming with an experienced Bethany Beach, DE professional—which can start with a call to my number!  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

No matter what their current financial profile, home buyers in Bethany Beach, DE share knowledge that the value of the property they are acquiring will become a significant entry whenever their family’s net worth is reckoned.

For those whose total in that category weighs in at $5 million or more: great! You're considered "ultra-wealthy" according to the Spectrum Group, a wealth management research organization that defines "ultra-high net worth" as households with at least that figure.  

On the other hand, for home buyers in Bethany Beach, DE who are laser-focused on a more immediate financial task at hand (finding, qualifying for and buying the perfect Bethany Beach, DE home), some relevant research suggests that their ultra-wealthy fellow home buyers might be able to share some attitudes that aren’t often explored— namely, that when it comes to a family’s wealth, a goodly share of attention needs to be spent on more than just accumulating it.

According to this month’s article in CNBC.com, building enduring wealth “…can be a challenge even for super wealthy families, many of whom have had their financial success created by one generation and do not want to see it lost by their successors." Put another way, the wealthiest tend to share a belief that just reaching the ranks of the top 1% percent isn't enough. They say it’s vital to know how to think about wealth; how to spend it, keep it, and pass it on.

Regular, non-ultra-wealthy Bethany Beach, DE families may not have to worry about some of these ideas (for instance, most of us aren’t tempted to define our identities solely by the heft of our bank accounts)—but a couple of notions can be useful when we are in the process of buying a house:

-- Put the children to work: involve your children in the process and help them understand the considerations behind a big purchase like buying your Bethany Beach, DE home.

--Agree on a family strategy: even if this will be the first Bethany Beach, DE home to be owned by the family, discuss its place in the long-term strategy. Is it intended to serve as a starter home, a transitional home, or a permanent home base?

--Give BackOnce the move into a new neighborhood is accomplished, establishing a comfortable place in the community can be cemented by identifying Bethany Beach, DE charitable programs that strike a responsive chord. The ultra-wealthy call this creating an “abundance mentality”—it’s the same truism that tells us that donors benefit as least as much as recipients.

Buying a home is one of the transformative passages in life. Whatever your current financial profile, if you're looking to buy or sell here in Bethany Beach, DE this summer, I'm here to help with your real estate needs.  Call me 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

If you’re selling your home in Bethany Beach, De   this summer, there’s one piece of pre-sale advice that will almost always pay off: the pre-sale home inspection.

You might be surprised to learn that many sellers elect not to take advantage of this service—but I can’t say I blame them. A home inspection costs money (usually a couple hundred dollars), and it seems counter-intuitive: “Why would you want to bring up your home’s flaws?”  Plus, it’s just one more thing to do when selling your Bethany Beach, De   home. “Why borrow trouble?”

In fact, there are compelling reasons to take this extra step:

·         Discovering hidden or otherwise unknown flaws in your home in advance allows you ample time to fix them before the home goes on the market

·         If you discover and fix these issues, you’ll able to boast a “clean inspection” report in your marketing

·         If you don’t discover and fix these flaws, your buyer will—and this discovery won’t surface until the home is already under contract, listed as “contingent” in the MLS, and consequently off the radar for all the other potential buyers. If you and the buyer then can’t come to an agreement about who will fix or pay for the problems, your home will fall out of contract. When it goes back on the market, ten to twenty (or more!) days will have been wasted, putting you back at square one with a higher DOM (Days on Market) count. That can ultimately lower your property’s appeal.

Even if you elect not to resolve the issues you discover, any buyer writing an offer for your home will already have knowledge of these issues, so the faults won’t need to be further negotiated. If your buyer tries to do so, I’ll be here to point out that this was already disclosed when they wrote the offer!

Bottom line? If you’re selling a home in Bethany Beach, De   this summer, consider spending the couple extra hundred dollars. You’ll be entering your transaction with confidence!

I’m here to help with all your Bethany Beach, De   real estate needs. Call me 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