Georgetown, DE’s home loan picture has presented buyers with rarely seen benefits for quite a while—but last week, the picture brightened even further. That isn’t to say that Georgetown, DE mortgage rate quotes matched all-time lows—but they were coming pretty close.

Across the U.S., the numbers quieted even the most pessimistic observers. What it will mean as Georgetown, DE enters the traditional peak home sales months is something we will have to wait to see. But if the likelihood for a surge in nationwide activity is any indicator, last week saw green lights flashing. A sampling of what was being hailed from virtually all quarters:

The Wall Street Journal: “Falling Rates Could Boost Mortgages Ahead of Spring Selling Season.”

MarketWatch: “This could be the ‘last affordable’ spring home-buying season for a while…”

CNBC Power Lunch: “The average 30-year fixed fell to 3.71%—almost a full percentage point lower than a year ago—and that sent current borrowers rushing to refi.”

FreddieMac.com: “The 30-year fixed-rate was the lowest in three years.”

Mortgage News Daily found the rate drop surprising—actually convention-defying. Rates “managed to move appreciably lower” despite Friday’s strong showing in the employment numbers. “Today’s big jobs report” should have led to higher mortgage rates. That it didn’t was an indication of “some more staying power” than industry experts usually expect.

The technical factors affecting home loan rates are difficult to keep up with—and impossible to predict with any confidence. What’s easier to know is that today’s home loan picture creates opportunities for Georgetown, DE mortgage rate shoppers—which makes it terrific for buyers and sellers. If you would like to explore how you might take advantage of what continues to be a rarely seen buying and selling environment, do 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

 They never fail to draw web readers—those “Top” lists of ways to get the best results when selling a home. Despite its name, Investopedia is a web site which devotes a fair amount of content to the ins and outs of residential real estate. In addition to the expected “Your Money” section, Georgetown, DE homeowners can find a well-populated “Home Ownership” tab. That’s where they’ll come across a Top 7 list of “Ways to Improve your Home’s Sell-ability” by Dr. T.L. Canady.

The Top 7 are in the Selling Your Home section. They are notable for the emphasis they put on removing, subtracting, withdrawing, minimizing, etc. The less-is-more theme is worth bearing in mind for Georgetown, DE home sellers looking to get the best result in the shortest time. Here the Investopedia list:

1.      Neutrality. “It works for Switzerland,” Dr. Canady points out—and it can almost certainly work for selling your Georgetown, DE home, too. Steering clear of brash colors and design themes minimizes the number of buyers who might be put off.

2.      Less. Remove as much of everything as is sensible. That succeeds in opening up the space you are selling. Clearing away the dispensable furniture and décor items allows prospects to picture rooms decorated to match their own tastes.

3.      Smell. Avoid cooking strong-scented foods for 48 hours before a showing. And, for sure, eliminate pet odors.

4.      Details. Making inexpensive refurbishments (with cabinet hardware, light switches, outlet covers, etc.) conveys an impression of freshness without making major expenditures.

5.      Curb appeal. Keep the path to the front door clear and inviting—and the door itself perfectly maintained.

6.      Personality. Don’t get “too personal” (this one is really pretty close to #1).

7.      Repairs. Dig in and take care of them before the first open house or showing…you’ll wind up doing so sooner or later, anyway.

There may not be any new ideas in these “Sell-ability” tips—but given that 6,000,000-plus U.S. homes are sold every year, you wouldn’t expect any important ones to have been overlooked. Not mentioned is the king of all selling-your-home tips: Right-pricing! For details on how to zero in on that one, 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

On Thursday, USA Today published a view of what many of this spring’s first-timers have encountered in their inaugural home-buying ventures. Our own Georgetown, DE trends don’t precisely match those tapped by their research—but the themes cited in the national press are familiar here, too.

Although the headline emphasized the difficulties those buying a home for the first time may encounter (“3 Challenges Facing First-Time Homebuyers This Spring”), elsewhere in the piece, some bright spots were acknowledged. For Georgetown, DE readers inclined toward a ‘glass-half-full’ point of view, they tend to balance out the familiar challenges.  

Bright Spots:  

·         According to the Mortgage Bankers Association, affordability has advanced with the easing of 30-year fixed mortgages to a national average of 4.42%.  

·         Inventory “has loosened up slightly.” This is a relative finding since the U.S. still lags in properties for sale (at least compared with the historical norm).  

·         Prices.  Price growth has slowed “and leveled off” according to the MBA.

·         Spring buying. Nationally, good, old fashioned negotiations have replaced the frenzied bidding wars of last year. But USA Today isn’t calling this spring a buyer’s market—only one characterized by fewer competing offers.

Challenges:

·         Home prices. Prices are still relatively high—especially for those buying a home for the first time. Since they can’t count on the equity built by their current property, scrambling for a substantial down payment can be a barrier.

·         Securing a loan. In March, the FHA said that it is tightening its rules for high-risk mortgages. As is generally the case, this can provide a hurdle for first-timers.  

·         Inventory is still tight. Some finger-pointing is aimed at the home construction industry, which is only now rebounding from the recession-spawned falloff in new home starts. Entry-level housing ($200,000 and less) is the sector hit hardest.

Buying a home in Georgetown, DE may take more determination for first timers—but that doesn’t mean it isn’t well worth the effort. Whether you are a first-timer or a long-time homeowner, give me a call for an in-depth discussion of the possibilities presented by this spring’s many offerings!  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

 When we shop for Georgetown, DE homes for sale, we’re able to take quite a lot for granted. If we choose to be represented by a licensed Georgetown, DE Realtor® to act as our buyer’s agent, we know that our interests are being looked after in a multiplicity of ways—they’re spelled out in stringent Georgetown, DE regulations. Likewise, the seller’s agent will be duty-bound to be scrupulously honest in how she or he represents the property being offered. Too bad for any Georgetown, DE agent who tries to play fast and loose with the rules governing Georgetown, DE homes for sale: that’s an agent who won’t be licensed for long!

We’re able to rely on the time-honored protections afforded U.S. real estate buyers and sellers because their observance is invaluable to all. That rock-solid reliability adds incontestable value to the transactions. It’s been so for centuries.

Unfortunately for members of the public, it’s awfully tempting to bring similar assumptions to real estate dealings in other countries. Recently it’s been notable how mistaken that assumption can be. Even though it might seem to be commonsensical for other nations to want to protect the integrity of their own real estate markets, unscrupulous individuals can seek to make quick profits by scamming foreigners. And they might even get away with it when they partner with equally unscrupulous politicians.

According to AARP, one recent foreign scheme has cost U.S. victims more than $100 million. They report that “even sophisticated consumers” were persuaded to buy into land and retirement homes in Belize—90% of which were never built. They were tricked by “sophisticated promotional materials in print, online, and on television.” The resulting scheme is the largest rip-off of its kind ever targeted by the Federal Trade Commission. The FTC’s involvement comes too late for U.S. buyers “who regularly lost their entire investment” or were forced to sell back to the scammers at a loss. Equally dismaying is what the Wall Street Journal describes as questionable Belizean court rulings that stymied investors—a development that’s less surprising when you learn that the developers’ law firm is part-owned by the nation’s Prime Minister.

Of course not all foreign real estate dealings turn out so badly—but U.S. buyers who assume they have our level of protection—or even the chance to have a fair day in court—need to look before they leap.

Closer to home, right now you can call me to look over February’s assortment of terrific Georgetown, DE homes for sale—offered with U.S.-level buyer protections! 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