Long before you’ve decided to put your own Georgetown, DE house up for sale, there is at least one step you can take that might make the whole project more financially rewarding. It’s a step that might seem to be counterintuitive—but when you consider the bigger financial picture, it makes perfect sense.

The action in question has to do with your own credit—which may not seem to be relevant when it comes to selling your Georgetown, DE house. After all, it’s the credit status of the prospective buyers that seem to be what matters—not your own credit, right?

That’s only true as far as it goes. The fact is that for the majority of homeowners selling your house is only Step One. Step Two comes with the purchase of your next residence. Especially if your own financial profile is perfectly acceptable (and bound to become even more solid once you’ve banked the gains from the sale of your current property), it’s a simple truth that an even higher credit score will earn offers of a lower mortgage interest rate on that next house. Even a small percentage point increment can result in a big difference in “cash out” over the long haul.

So, what advance steps can you take to improve your own credit? Aside from those that everyone knows, like paying credit cards on time and, of course, doing likewise for your current mortgage, one counterintuitive step might be to take out a personal loan—even if you don’t really need it!

I don’t offer financial advice, so this would be something you would run by your own CPA or other trusted financial counselor. But as J.M. Simon and Brady Porche write, if you want a top FICO score (“the kind that gets you the best rates, the highest limits”) you’re “going to have to mix it up a bit”—meaning build a credit history that shows responsible use of different kinds of credit. The types of credit used is, in fact, one of the five factors that lenders measure—and it’s said to account for about 10% of a consumer’s FICO score. So establishing a personal loan, financing a retail store purchase, or opening some other previously untapped variety of credit can result in an improved score. Since that can take a while to register, advance planning pays off.

Selling your Georgetown, DE house is one of the major milestones in any family’s life—one that deserves careful preparation and implementation. It’s my job to help make sure that all happens—beginning when you 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

By last Friday, anyone planning Georgetown, DE real estate dealings would have been following the week’s developments on the mortgage interest rate front. Since Georgetown, DE’s mortgage interest rates are the most volatile factor influencing affordability, changes can have large consequences.

The key information source in that arena is the Mortgage News Daily, a must-read for industry insiders. As soon as Wednesday’s big news broke—the Federal Reserve’s decision to hike its benchmark interest rate—it made for interesting reading.

If the Fed’s morning announcement had most everyone expecting a quick move to higher Georgetown, DE mortgage rates, by noon MND readers would have been less certain. By Wednesday afternoon its lead headline was “Mortgage Rates Improve After Fed Announcement.” That seemingly illogical reaction was attributed not to the Fed’s decision, but to Fed Chair Powell’s follow-up press conference. Inflation drives up rates, and Powell expects inflation to remain within predicted limits.

By Thursday, analyst Matthew Graham’s column headlined “Mortgage Rates Lowest in More Than a Week.” He poo-pooed others’ doom-and-gloom headlines “floating around the web.” Why was his analysis believable when it ran counter to the majority view? “Easy!” he wrote; “I’m right and they’re wrong.” The reason had to do with “boring” technical details about when rates are sampled.

By week’s end, Graham looked to be correct—even if only for the moment. “RECAP: Month-End No Help For Longer-Term Rates” topped the page. Below it ran September’s final word: “Mortgage Rates at 2-Week Lows.” For Georgetown, DE real estate watchers, at least on the mortgage interest front, they could relax for the weekend.

Georgetown, DE home buyers and sellers seldom make their important decisions solely in reaction to the daily gyrations of the home loan industry—but when they apply for a home loan quote, the numbers they hear do affect what happens next. With rates still below historical norms, it remains an exceptional time 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

 Prepping your Georgetown, DE house for sale can be a challenge or a pleasure—for the most part, that’s determined by how much attention you’ve been able to give the place in the past few years. Either way, the first action item is to make a thorough reconnaissance of the property. The punch list of maintenance initiatives that results will determine how much time and effort will be necessary.

If your levelheaded curb appeal assessment rates a “C” or less, it’s fairly certain to be reflected in the interest you can expect from prospective buyers—not to mention the offers you’ll probably receive. A landscape renovation, exterior paint job, or roofing overhaul might ultimately be less expensive than the loss of buyer enthusiasm if major problems are disregarded.

Prepping the household interior calls for the same degree of hard-headed examination and decision-making. Although a major remodeling project seldom returns its cost, the three basic rules of house-prepping are invariably worth their cost in both dollars and effort:

·         Deep clean every nook and cranny 

·         Declutter and clear space

·         Boost light levels wherever possible

After the lion’s share of prepping activities have been accomplished, what’s left to do? A valuable final step is uncomplicated. It’s as simple as the word “welcome.” That’s evidenced by one of the most frequently found pieces of advice about prepping a home. It’s also the simplest one: “replace the welcome mat.”

That’s frequently joined by a more expensive cousin, “replacing the front door”—as well as “renewing the front door hardware” and “replacing the address numerals.” All of these rely on the value of greeting visitors with a clean and welcoming first impression. Like a fine hotel’s freshly polished brass railing, it signals that every effort has been taken to cater to you, the visitor. It’s a sign of respect. And in fact, putting that final bit of effort into making those details as pleasing as possible subtly paves the way for a positive reception for the experience that follows.

I can help you when it comes to all phases of prepping your Georgetown, DE house for sale. There’s no obligation (there never is)—so don’t be shy about calling me whenever a professional’s opinion will be useful! 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

The Mortgage News Daily gives the home loan industry’s workaday professionals something to read with their first cup of coffee. It catches them up on the latest numbers from the previous day’s activity and provides a running commentary on the why’s and what next?’s for mortgage issuers.

Friday’s edition gave Georgetown, DE homeowners, soon-to-be homeowners, and those soon to be home sellers ample reason to head into the Labor Day weekend with renewed confidence in the current state of affairs. Friday’s lead headline in the MND provided the reason: “Mortgage Rates End Week Near Best Levels.”

The opening sentence began, “Mortgage rates caught a break…” and went on to explain that an array of underlying reasons continues to prevent home loan rates from rising. That extends a near-freeze in the low rates that has recently prevailed. Despite widespread expectations that home loan payments would rise throughout this year, rates have actually moved downward since April.

And lately?

Yawn.

Commentator Matthew Graham summarized the plight of journalists who cover the loan industry: “If You Like Boring,” his headline read, “You’re in Luck!”  “Mortgage rates didn’t move at all again today,” he groused. “If we broaden our definition of ‘sideways’ just a bit, we can legitimately fit most of 2018 into the same conversation.”

Georgetown, DE home buyers and sellers might commiserate with the writer’s creative distress—but not so heartily that they would wish it otherwise. As long as the current Georgetown, DE mortgage rates stay mired in the lower half of the historical range, they result in the kind of more affordable monthly payment quotes that widen the ranks of eligible buyers. It means nothing but good news, too, for Georgetown, DE home sellers—and another sound reason 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