The government thinks that Americans are sorely lacking when it comes to key homebuying information. It’s hard to say whether that’s true of the Bethany Beach, DE homebuying population—but Fannie Mae’s latest study explains some good reasons why it might be.

In Fannie’s recently issued publication, 3,600 respondents were ‘largely unsure’ or just plain wrong about current homebuying realities. This, despite the significance of homebuying as the most important purchase most people make. The overriding factor creating this illogical situation is the fact that it’s also a purchase seldom made. Homebuying is such an infrequent transaction most people don’t focus on data when it’s available.

Another contributing factor is “a fundamental lack of financial literacy across the country.”

The majority of those quizzed hadn’t a clue about credit score requirements. Even fewer were aware of debt-to-income ratio guidelines. Fewer than one in four were aware that low down payment programs exist at all (with almost none of them aware that the actual minimum down payment percentage is 3%).

 One bright spot was the fact that a powerful majority (91%) of the Americans questioned favor homeownership over renting. As any Bethany Beach, DE schoolteacher will tell you, motivation is essential to learning. If 9 out of 10 of the 3,600 respondents who are in the dark about homebuying basics really do understand the personal benefits of homeownership, the motivation is already there.

In Bethany Beach, DE, the simplest way to access all the latest relevant homebuying information won’t take a deep dive into the latest published data—or a college-level economics course. It’s a one-step process: 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

 Whenever the U.S. economy is booming, there are naysayers who view it as terrible news. It’s not surprising since economists can disagree about just about anything and point to statistics that prove their point.

A recent CNBC report provides a golden example. It’s one that, if you’re inclined to think it’s time to sell your Bethany Beach, DE house anyway, would reinforce that thought. It ran under the gloomy headline “Housing is providing another in a line of troubling signs”—the signs were those “pointing to an economic downturn.”

The report elaborated on a finding that compared home sales statistics from a recent period with those that preceded coming recessions. To the analyst author (Fed economist William Emmons), the result indicated that an economic downturn is likely. Although the trend looked “much less severe” than the one that preceded the Great Recession, he thinks December of this year is a plausible month for “peak growth.”

In other words, starting in 2020, look out!

For anyone who believes Professor Emmons, it means that, for Bethany Beach, DE homeowners who are going to sell anytime in the near term, now would be a logical time to put their homes up for sale. That is, before the economy weakens—usually, a trigger for buyer’s market conditions to prevail.

Whether this (or any other) economic prognostication is to be taken seriously is anybody’s guess. But it IS true that if your own plans include selling anyway, the current optimistic mood provides ripe conditions for selling your Bethany Beach, DE house. Giving me a call to discuss is a great way to start!  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

 It was the Washington Post’s real estate reporter Michele Lerner who came up with the list of the most important “10 things” house hunters look for when they stop by Bethany Beach, DE open houses.

The ‘ten things’ list is a useful one—and every bit as relevant for homeowners selling their own Bethany Beach, DE homes. It’s valuable to be aware of which features are bound to get the closest scrutiny in open houses—which are usually preludes for serious shoppers’ later appointment showings.

The list of ten could be shortened into four major categories:

1.      Most of the ‘ten things’ will get a nod from any experienced Bethany Beach, DE homeowner: they’re the structural elements that everyone who has ever born responsibility for a home will recognize as the most basic. The integrity of roof, basement, foundation, and fireplace are among them, as are the age and apparent condition of the mechanical systems.

2.      Some other features like window functionality and appearance of trim and fascia will reveal the quality of craftsmanship and the level of maintenance.

3.      Two of the ‘ten things’ dealt with water detective work. Plumbing bears scrutiny, as do evidence of flooding: foundation work, cracks in bricks (not just the mortar), or warping under sinks, cabinets, and vanities.

4.      The final group is actually just a single detail—one that was listed first: the front door and its fixtures. That’s important not only from the vital first impression it conveys but also as an indicator of how well the house has been maintained overall. I also think the good old “curb appeal” should be included in this group. After all, it comprises the actual first impression that precedes opening that front door.

Following her list, Ms. Lerner notes a rule for Bethany Beach, DE open house visitors to bear in mind. It is to remember their own priorities—and thus to be willing to accept a few less-than-perfect details if their own must-have list is satisfied. In other words, don’t demand perfection lest a good house slip through your fingers.

When it comes to following up on an open house visit—or getting your own home into shape for its own Bethany Beach, DE open house—being able to rely on the current and ongoing experience of a real estate professional can be decisive. I hope you’ll call me to provide that help! 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 finer house hunting pointers deal with uncovering a property’s not-so-visible elements. Your home inspector will inspect the state of the structure and the mechanical details it takes a professional’s trained eye to assess, but other factors might be critical, too. House hunting veterans can develop skills in appraising a property from a wider perspective than is possible from a single (or even a couple of) visits.

One such perspective calls for imagination: it might be called “seasonal thinking.”

As an imaginary example, consider the sprawling Bethany Beach, DE ranch that’s particularly attractively priced. It’s well below the neighborhood median per square foot and seems to have been well maintained, yet it has lingered long in the listings. Seasonal thinking could expose the reason: it’s because the quiet peacefulness it manifests in February will all but vanish when the now-deserted parking lot next door (behind the backyard fence) roars into life after Memorial Day.  

Likewise, the autumnal beauty evidenced by photographic displays in the den (and online in the virtual tour) might be significantly less alluring if the same angles were shot during the annual mudfests of March. A detached garage can be unimportant on a balmy afternoon—but a definite shoe-soaker during inclement weather. Or the sparse early August traffic flow might be very unlike what will take place once classes begin at the high school at the end of the block.

Now, it’s entirely possible that any of these factors which are deal-breakers for some don’t phase other house hunters in the slightest. What is important is that a future buyer not be taken by surprise by a seasonal transformation that wasn’t foreseen.

Seasonal thinking may be an acquired Bethany Beach, DE house hunting skill, but it’s one I supply for the benefit of my house hunting clients. Whether your own upcoming Bethany Beach, DE real estate interest will be as seller or house hunter, I hope you’ll include my help. 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