Long Neck, DE Homes for Sale: Why Wait?
About this time every year, the question for house hunters is whether to delay their serious shopping until the anticipated springtime upsurge in Long Neck, DE homes for sale. Almost every year, when the weather begins to warm, the springtime ‘For Sale’ signs blossom. One school of thought has it that the wider selection favors buyers—it means more sellers will compete for their attention. On the other hand, that also means more buyers will vie for the most compelling properties.
Of course, when to start serious prospecting may be more dependent on individual calendars that are dictated by outside factors—so there’s no set answer for everyone. But there are a few powerful arguments why for some, setting out on a serious house-hunting expedition at the beginning of the year can be a good strategy:
1. Prices aren’t likely to decrease. Most authoritative commentators expect the opposite. If they are right, getting ahead of the crowd would be an economical choice.
2. Mortgage rates are, well, you know! It may be possible that interest rates fall even further, but it’s a lead-pipe cinch that sooner or later they will return to the norm, triggering a substantial increase in the dollars that the bank collects every month.
3. If you are renting now, you’re already paying for the equivalent of a mortgage. A healthy market dictates that Long Neck, DE rental prices settle at levels that meet or exceed the landlord’s breakeven point—meaning they cover his or her maintenance and mortgage expenses. Every additional month you send a rent check results in losing the equity you would have begun to accumulate once you close on your own home.
There is a fourth reason—but it’s not nearly as persuasive as the previous three dollars-and-cents arguments:
4. January is the month for starting fresh projects. Perhaps it’s just due to the turning of the page from the old year—but this does seem to be when energy abounds for striking out on important new initiatives. January is the month for momentum-busting.
Right now, there is a variety of Long Neck, DE homes for sale. There’s never an obligation when you give me a call to discuss how to start serious prospecting for your new home! 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.
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- Written by Jimmie Bachand
Innovations May Affect Future Long Neck, DE Home Listings
There is a shift underway—an unexpected one—that may affect the supply of Long Neck, DE homes for sale. Experts project housing needs based upon measurable data. But sometimes, unexpected trends materialize…
The frequently cited nationwide housing shortage is largely ascribed to a falloff in builders willing to enter the market—a phenomenon that’s backed up by housing starts statistics which continue to register feeble readings. But now there is another phenomenon—one that has more to do with a cultural shift linked to the growing population of senior citizens.
That demographic bulge has been long expected—it triggered a considerable wave of nursing home construction. Yet those nursing home facilities are beginning to experience something totally unexpected: a falloff in demand.
That’s exactly what’s happening across the country, according to Professor Timothy Bickmore of Northeastern University. The Wall Street Journal estimates that “developers and senior-housing companies have spent billions” within the past five years to provide housing and associated support for the expected arrival of many of the 72,000,000 Boomers (those born between 1946 and 64). That’s one out of every five Americans.
Elderly population up, nursing home population…lagging? What the-???-
The surprise has to do with the advent of technologies that make it easier for elderly homeowners to stay in their homes. Typical Long Neck, DE residents probably didn’t use to think of older folks as heading the pack of early adopters, but that was before the Baby Boomers began to qualify for senior discounts. Boomers were present for (and many, created) the computer age we’re living in—so it does make sense that they might be ready, willing, and able to adapt to electronic change.
Those developments are part of new “aging-in-place” technologies. They include products and services like sensors that respond to changes in medical conditions—and malleable house fixtures that can be adjusted as residents age. Prof. Bickmore has been studying “chatbots”—automated virtual assistants programmed to substitute for overworked healthcare professionals. In one hospital trial, discharge interviews for departing patents were conducted by a “virtual nurse” which assembled the patient’s records on the fly to create appropriate homecare instructions. The patients liked the virtual nurse—70% chose it as a low-stress improvement over the human alternative!
If the raft of baby boomers do use technology to stay in their Long Neck, DE homes longer than expected, a housing inventory crunch may ultimately result. Fortunately, though, in the here-and-now, you will still find a good number of attractive Long Neck, DE offerings. Call me for a rundown! 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.
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- Written by Jimmie Bachand
Home Sales’ Big Picture: Numbers Hint at Reversal of Fortune
A couple of storylines have dominated national real estate news outlets for more than a year. Long Neck, DE homeowners who are less industry-focused have been hearing the same thing from the national news media, too. Last week, they both staged a partial about-face.
The storylines are interconnected. The dominant one dealt with the national trend toward a weakening in the number of homes being sold. About a year ago, both new and existing home sales numbers began to falter. This wasn’t enough of a drop to cause genuine consternation—but it was persistent enough to generate headlines.
The reason that potential Long Neck, DE home buyers and sellers weren’t overly concerned was partially due to the second storyline, which focused on the fact that fewer homes were being offered for sale. That seemed to be a reasonable explanation for the falloff in the number of closings, rather than an underlying loss of public confidence in the value of residential real estate. More evidence was the continued rise in prices paid.
Last week came word that, for the first time in a long while, a change of direction was in the wind. On a month-to-month basis, both trends reversed. According to the press release from the National Association of Realtors®, the Pending Home Sales Index for January registered “a strong rebound”—rising 4.6% above December’s levels.
“Homebuyers are now returning and taking advantage of lower interest rates,” according to the NAR’s Chief Economist. This was noteworthy—for months, Dr. Yun’s pronouncements had sounded considerably less optimistic.
The same release registered the first apparent reversal of the inventory pinch. Gauged by the number of properties tallied nationally by realtor.com, in January, the number of residential properties listed for sale grew by more than 14,000.
Neither of the two turnarounds was gigantic from a statistical point of view, yet they did portend good things to come, at least in the NAR’s view. It’s hard not to agree with that opinion. Incomes are rising faster than home prices in many areas. If mortgage rates hold steady and job creation continues, all trends should combine “to boost home buying.” All in all, these could be enough to nudge undecided Long Neck, DE homeowners into joining what is traditionally Long Neck, DE’s most active home sales season. If that’s your inclination, I hope you’ll 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.
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- Written by Jimmie Bachand
Alternatives to Selling Your Long Neck, DE Home Yourself
The Long Neck, DE homeowners and prospective buyers who frequent this space regularly know that the topic of selling your Long Neck, DE home yourself doesn’t appear here often. For one reason, do-it-yourselfers are generally too busy to spend time reading their local Realtor’s® latest commentary—they’re fully occupied with trying to duplicate everything professional offices are organized to do.
The other reason is that the arguments for not selling your home yourself are so often reiterated in other places. They point to “peoples’ choice” statistics like the 92% of homes that sell aren’t FSBOs (For Sale by Owner), or to the 24% higher average selling price typically achieved when a Realtor is on the job. Since the U.S. average real estate commission is 6%, that one is usually decisive.
But there is a third possibility that’s doesn’t get much attention. It falls outside of the selling your home yourself route or the Realtor-assisted one: it’s called “Direct Sale.” When you see ads with promises like We buy your house for cash or We’ll Buy Your Property Fast, they probably lead to one of the direct sales operators. These can be legitimate (although it’s certainly a good idea to make certain that’s the case). When successful, these help owners escape the too-common FSBO result of a home that fails to sell at all.
But in direct sales, the inevitable compensating factor is where you’d expect: at the bottom line. As Bankrate.com politely puts it, “No offense to the owners of such businesses, but they are the lowest of lowball buyers…” Bankrate estimates that they can be expected to offer an average of about 65 cents on the dollar—if an offer is forthcoming. Since most concentrate on markets with the fastest resale potential, homes that may be in disrepair or are otherwise unlikely to sell easily in the traditional open market frequently get their attention.
Given the alternatives, it’s no wonder why teaming with a licensed real estate professional offering the full range of Realtor services usually gets the nod. Since it’s the speed of sale that is the key attraction for Direct Sales outfits, the surest way to escape a painful bottom line is clear: get going early! Call me to discuss! 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.
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- Written by Jimmie Bachand
