Kat Geralis Home Team Wilmington DE Real Estate News Archives

Blog

Displaying blog entries 1-10 of 27

Did you know selling your Delaware or Pennsylvania home in the fall and winter can be just as lucrative as selling during the spring and summer? It's true! However, that is if your property is well prepared for the market! There are many ways to improve your Delaware or Pennsylvania home before listing it for sale, including removing the following five items that have been known to turn buyers away!

Bugs
Even if you have a few ladybugs taking up residence in your home's windowsills, it's best to remove them before buyers arrive. This is one of the easiest turn-offs for DE or PA buyers as it can give the impression that your home is not clean or well cared for.

Decor Collections
No matter if it's stamps or holiday figurines, you'll want to keep your collectibles stored away during the home sale process. Displaying any type of collection can give off a cluttered vibe to buyers and turn them away from your property— even if they're just pet accessories! 

Odors
One of the quickest ways to send buyers back out the door is by having odors present in your home. Smells can make or break a sale for a buyer, so be mindful of what you're cooking before a showing and be aware of any pet odors that need addressed. Strong scented candles can be a no-go for buyers also as not everyone enjoys the same aromas in their home.

Pet Damage
Remember that not everyone loves pets the way you might. Are your floors scratched from your pet's claws? Are there stains from your pets on the carpet? Consider having your floors refinished or your carpets professionally cleaned prior to buyers arriving at your door. 

Personal Photos
Did you know that de-personalizing your Delaware or Pennsylvania property prior to selling can boost your chances of hooking a buyer? Consider removing all of your personal photos before a showing or open house as this will allow buyers to envision themselves in the home in the future instead of you and your family. 

As your local real estate experts, you can count on the Kat Geralis Home Team to set you up for home seller success! Contact us for more information on your home value, as well as how to prepare your property for the market

We even offer a FREE Home Seller E-Guide!

Give us a call today!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

Updated Real Estate Market Stats for Delaware and Pennsylvania

by Katina Geralis

We're back with another Delaware and Pennsylvania real estate market update! The market is always changing, especially as the seasons change, but homebuyer activity is still high in Delaware and Pennsylvania as buyers continue to shop year-round for properties on their smartphones, tablets, even email alerts with new listings! As you may have also noticed, sales prices are still climbing while inventory is still much lower than it has been in past years. But remember, this is just a snapshot! If you have questions about the market where you live, it is always best to contact your agent for an up-to-date look at the market. As your local experts, the Kat Geralis Home Team is here to help!

For the third quarter of 2018, there were 1,765 homes for sale— a 24.4 percent decrease in inventory from the same time last year. Try not to worry too much about this as lower inventory trend is not something only occurring here in Delaware and Pennsylvania; this is something going on all across the country! The median sales price saw a 2.7 percent increase, rising to $231,000 and the number of home sales rose slightly by 0.2 percent for a total of 2,054 total closed sales in Q3. 

The average sales price in New Castle County for the second quarter was $254,149, a 0.1 percent increase from this time last year! This is something to note, home sellers— now can be the perfect time to sell your home as buyers are still out searching for their dream homes! The percentage of the original price received also saw a 1.1 percent increase in Q3, coming in at 96.8 percent!

Inventory for the third quarter of 2018 posted a 24.8 percent drop from the previous year, totaling a 2.9 months supply. Again, this is something to keep in mind, homeowners! The market could use your home!

Updated real estate market stats can provide brief insight into the local real estate market, but they are just that— brief! Contact us today for more information about the market where you live in Delaware or Pennsylvania or with any questions you have about buying or selling a home before the end of the year!

We even offer FREE First-Time Home Buyer Seminars!

Give us a call today!
 

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

How to Determine Resale Value in Delaware or Pennsylvania Homes

by Katina Geralis

No matter how long you intend to be in a home in Delaware or Pennsylvania, it is always important to consider the resale value. Remember, your home is an investment and the last thing you want is to have a hard time selling the property when you're finally ready to move on. Not only is that more of a homeowner headache for you, but it could also mean more money spent!

As your local experts, we've listed below four ways to determine the resale value of a property while you're house hunting in Delaware and Pennsylvania this year:

It's in a great neighborhood
You've heard the term, "location, location, location," in real estate and for good reason! If the property is near grocery stores, restaurants, coffee shops, and shopping, chances are it will have great appeal to future buyers. One thing to avoid is a home in a commercial area or an underdeveloped neighborhood far from such amenities as the above.

It's in a great school district
Homebuyers today are willing to compromise on their home wish lists for great school districts. Regardless if you have children, take a good look at the district your potential new home falls into and whether or not a buyer would be swayed to purchase the property or if there is a much better school system located elsewhere.

It's in a quiet area
No homeowner likes a noisy neighbor— or a noisy intersection in their backyard! A home located near a high-traffic area or busy street will not have the same resale value as one that's located in a more hushed neighborhood. Always consider the sound factor when house-hunting in DE or PA. If you don't, you could pay for it later!

​You don't have to spend too much on repairs
While it may not cross your mind if you're planning to stay put for years to come, be sure to consider how much you'll have to spend on repairs in a potential home. You'll always want the amount you'll be able to sell the property for to outweigh your upkeep costs. If the property requires you to break the bank to get it running smoothly, it may not be worth it if you'll only be there a short time.

Ready to start your Delaware or Pennsylvania home search? Let the Kat Geralis Home Team be your guide to the real estate market! We've helped numerous buyers find their dream homes and we're here to help you do the same.

We even offer FREE First-Time Homebuyer Seminars!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

When you've decided to sell your home in Delaware or Pennsylvania, you'll want to make sure buyers are intrigued from the start. That means you've found the best possible listing pricing, have made any necessary repairs, and of course, staged the home in a way that buyers can envision living there. But before you decide everything is complete and sit back to welcome the offers that are sure to come your way, you'll want to take a good look at your kitchen.

It is no secret that kitchens sell homes in Delaware and Pennsylvania and there are a few things that may be found inside yours that can send a buyer running the other way. Take a look at the following to make sure your kitchen is ready for the market:

Pet Bowls
Remember, you love your pet, but not all buyers are pet people. Consider moving your pet food bowls out of sight when buyers arrive for a showing to ensure you don't turn them away, even if they otherwise love the property.

Trash Cans
If your trash cans are out in plain sight in your Delaware or Pennsylvania kitchen, clean the area as thoroughly as possible. This means the can itself looks clean, the bag is empty to avoid any odor, and the space around it is free of recycling items or other trash.

Cluttered Counters
You want to make your kitchen feel as open and spacious as possible, so start by removing all of your small appliances and other knick knacks from the countertops. Clean counters will help buyers note how much space they will have to work with in this area.

Dishes
Before buyers arrive to tour your Delaware or Pennsylvania home, be sure that the sink is clean and empty. Someone may love your home, but when they come across dirty dishes in the sink, they could get the impression that other parts of the home have been neglected.

Pests
Ants, flies, and even mice are not an uncommon homeowner problem, but when you become a home seller, it's important to remove any signs of household pests. This includes disposing of traps and bugs before buyers get to your front door.

Curious if your Delaware or Pennsylvania home is prepared for today's real estate market? Want to know what your home might be worth? Give the Kat Geralis Home Team a call today!

We look forward to hearing from you!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook


Summer is one of the best times to tackle that long homeowner to-do list! Whether it's replacing your front door, installing new light fixtures and landscaping, or even as big as renovating an entire bathroom, there are certain projects that can give your home a much needed boost in terms of looks and value! But don't be too quick with the hammer— instead take a look at our list of Delaware and Pennsylvania home projects that will pay you back when the time comes to sell.

According to real estate news outlet Keeping Current Matters, the following four projects will yield you the highest return on your investment:

Bathroom Remodel
You may have heard that kitchens and bathrooms help sell homes and it's true! A minor bathroom remodel can bring homeowners the highest return on investment—102 percent—when they replace the tub and tile, and add a new toilet, sink, vanity, and other bathroom fixtures.

Curb Appeal
This is what may grab a buyer's attention, so don't write off curb appeal as an unimportant home improvement project this summer! Adding landscaping, including trees, shrubs, and other flowers, creating walkways and accessorizing with planters can yield homeowners as much as 100 percent of their investment at resale.

​Kitchen Remodel
Just like we said above, a kitchen remodel can do wonders in the eyes of a buyer! This home improvement project has the third highest ROI for homeowners, likely allowing them to recoup 98.5 percent of the investment! This remodel includes upgrades like new countertops, flooring, cabinets, and lighting. 

Exterior Work
The exterior of your Delaware or Pennsylvania home is just as important as the interior! In fact, adding new siding, front door, or light fixtures outside can yield homeowners as much as 95.5 percent of their investment— coming in at the #4 top home project in terms of return!

Ready to sell your Delaware or Pennsylvania home? Curious what will help boost your home's value and help you find a buyer in no time? Give the Kat Geralis Home Team a call today!

You can even download our FREE Home Seller e-Guide!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

4 Reasons Why Your Delaware or Pennsylvania Home Isn't Selling

by Katina Geralis

You've listed your Delaware or Pennsylvania home for sale and are ready to sit back and watch the offers roll in— after all, isn't it a seller's market? But the opposite happens. Maybe you've received a few offers, but they're too low. Maybe you've had showings, but no serious interest. Your home isn't selling as quickly as you'd like and you want to know why.

As your local real estate experts, we have compiled a list below of four common reasons why your Delaware or Pennsylvania home might not be selling in today's real estate market. 

You priced too high
When pricing your home, it's important to price with today's buyer in mind, as well as comparable properties in the area. If you price according to your emotions, you may be tempted to price too high— especially with all of the memories you have tied to the property. It is not uncommon for home sellers to believe their property is worth more than the market dictates, which can ultimately keep them from moving on.

It needs work
As a homeowner in Delaware or Pennsylvania, making repairs is always wise prior to listing as it will help you avoid problems during the inspection. But that's not all! Even small updates like fresh paint can boost your home's sale price! If you choose to leave everything as is, flaws and all, you could discourage buyers from taking any real interest or being scared away by the thought of what else the home may need repaired.

You're inflexible
Today's homebuyers are constantly searching for properties on their smartphones, their computers, you name it. If your property has made a buyer's short list and they attempt to schedule a showing, you will need to be flexible with your schedule to allow them inside. Making this process difficult for them can cause your home to "sit" on the market longer than necessary.

Clutter is king
Home staging can help a property sell both quicker and for more money, so be sure to follow at least a few of its guidelines! One of those is removing clutter. If your Delaware or Pennsylvania home is filled with large furniture that makes the space feel small, knick knacks, and other personal items, you could risk turning off a buyer immediately.

Contact the Kat Geralis Home Team today for more information about successfully selling your home in Delaware or Pennsylvania or for a list of available homes in the area that might suit you next!

We even have a FREE Home Seller e-Guide

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

It is common for the real estate market to experience ebbs and flows in Delaware and Pennsylvania— in fact, it's always changing! Some years, it could lean in favor of buyers, and others, sellers may have the upper hand. But how do you know which direction the market is headed right now? Are there signs to watch for?

There are indeed specific factors that can help you identify which type of market you're in and as your local real estate experts, the Kat Geralis Home Team is here to point them out! Below are three ways you can tell if you're in a seller's market:

Home Prices

One way to find out if you're in a buyer's or seller's market is to look closely at home prices. If you notice that home prices are rising steadily over time, you are likely in a seller's market. Curious about your Delaware or Pennsylvania home value? Give us a call! We're happy to provide more information for homeowners in the area.

Final Price vs. Asking Price

If sellers in your area are typically earning the asking price or even more (due to a bidding war or simply buyer demand) for their properties, you are probably in a seller's market. When homes sell for below their asking price, you would are in a buyer's market as these deals would ultimately work in a buyer's favor.

Days on Market

The average number of days that a property is on the real estate market, often referred to as DOM, will show you how "old" the listing is; you can find this figure easily on any listing sheet, either online or in-person. Take a look at this number— if homes are selling quickly (between 7 to 10 days), you are in a seller's market. This is especially important for local homeowners as this indicates their property is likely to sell efficiently and at a favorable price due to buyer demand.

No matter if you're a buyer or seller in Delaware or Pennsylvania, you can count on the Kat Geralis Home Team to walk you through the process! Contact us today!

We even offer FREE First Time Home Buyer Seminars!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

Updated Real Estate Market Stats for New Castle County DE

by Katina Geralis

It's a new year, so it's time for a real estate market update! Buyers are still out in high numbers, ready to find their dream homes in Delaware and Pennsylvania, while inventory is still trending around the lower end of the spectrum. Just remember, real estate is hyper-local, so it is always wise to contact your agent for a current snapshot of the market where you live— the Kat Geralis Home Team is here to help!

For the fourth quarter of 2017, there were 1,735 homes for sale— a 21.2 percent decrease in inventory from the same time last year. But this isn't just happening here in Delaware and Pennsylvania, lower inventory is a trend buyers are finding all across the country! The median sales price saw a 4.4 percent decrease to $215,000 and the number of home sales rose 2 percent for a total of 1,696 total closed sales in Q4. 

The average sales price in New Castle County for the fourth quarter was $243,299, a 2.7 percent decrease from this time last year. But don't let these decreases in average sales price or median sales price worry you— the percentage of the original price received saw a .7 percent increase in Q4, coming in at 95.2 percent!

Inventory for the fourth quarter of 2017 posted a 28.7 percent drop from the previous year, totaling a 2.9 months supply— just one more sign that the market is ready for your home! With the right real estate expert on your side, you can sell your home quickly and for top dollar— you might just even spark a bidding war!

Updated real estate market stats can provide brief insight into the local real estate market, but they are just that— brief! Contact us today for more information about the market where you live in Delaware or Pennsylvania or with any questions you have about buying or selling a home this year!

We even offer FREE First-Time Home Buyer Seminars!

Give us a call today!
 

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

Budget Curb Appeal Tips for Your Delaware or Pennsylvania Home

by Katina Geralis

When selling your Delaware or Pennsylvania home, you'll want to make sure your property stands out from the crowd. And while it is important to complete all necessary repairs and price the home properly, curb appeal can go a long way in the eyes of a homebuyer. 

If you plan to list your Newark or Wilmington DE home this spring, below are five budget-friendly curb appeal tips to make your home the envy of the block:

Do an exterior deep clean
Take a weekend to clean the exterior of your Southeastern PA or Wilmington DE area home thoroughly. That means washing windows, power washing siding, and even the driveway, trimming bushes, and picking up sticks in the yard. You'd be amazed how fresh and new your property can look with a little elbow grease and a few hours of time.

Bring in subtle decor
When trying to impress buyers, you never want to overwhelm them with large decor items, lawn ornaments, or bold statements like a pink paint color on your home's exterior. Instead, bring in subtle additions like a seasonal wreath, pots flanking the door, or shutters to add character to the property.

Paint the trim
Instead of painting your entire home which can be quite time-consuming and costly, focus on the trim, front door, and shutters. Choosing a new color to accent the exterior—or simply giving it a fresh coat of the same—can make your home stand out to buyers in today's market.

Replace the numbers
This is one of the most inexpensive curb appeal boosting tasks you can complete and one that takes the least amount of time. You can pick up new house numbers for as little as $5 per number and you'll be surprised to find there are hundreds of styles to choose from which can give your home a much-needed update.

Hide the A/C unit
If the rest of your Delaware or Chester County PA home is up to par on style and decor, one task left is hiding eyesores like your air conditioning unit and trash cans. Consider adding a lattice box around the A/C to better mask it from the curb or placing your trash cans in the garage or behind a fence to keep them out of sight.

Give the Kat Geralis Home Team a call today for more information about preparing your home for sale and available properties in today's real estate market! We look forward to hearing from you!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Wilmington Real Estate
Wilmington Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

It may not feel like it just yet, but spring will be here before we know it! And while home buyers are indeed scouring the market for the perfect home year-round these days, traffic tends to pick up significantly in the spring months. What does that mean for you as a Delaware or Pennsylvania home seller? It means your property must be in tip-top shape to outshine the others on the market and as your local real estate experts, we have included a few tasks below to help it do just that!

Be sure to complete the following tasks before listing your Delaware or Pennsylvania home:

Clean the gutters
Once the warm temperatures begin to set in, we're all eager to get outside again— but you're probably not in a hurry to venture up to the roof. Don't forget to take stock of your gutters, giving them a good cleaning before the spring is in full swing. If left unattended, gutters can begin to overflow and wreak havoc on your foundation or the interior of your home via water damage.

Wash the windows
Not only do clean windows allow for more light to enter your Southeastern PA home, but they give the impression that your home is tidy and well cared for. No matter what time of year you list your DE or PA home, be sure to give your windows a thorough washing!

Remove yard debris
Especially before having listing photos taken of your home, you'll want to make sure your home's curb appeal is on point. Yard debris in the form of tree limbs, twigs, and dead landscaping can really bring down the property's image for buyers. Take the time to clean up your yard—as well as clear walkways—and ensure it gives off a welcoming aura to buyers.

Store your winter tools
Before you invite buyers into your Wilmington, Newark, or Southeastern PA home, it is essential to store your winter tools, including shovels and rakes. Not only do these items give the feeling of clutter to your outdoor space, but it suggests to the buyers that the rest of the property is not organized and maintained.

Repair animal damage
During the colder months, it is not uncommon for outside critters to find a way in! Raccoons, birds, bats, mice, squirrels, you name it— they can easily take up residence in damaged siding, under the roofline, and in holes around your foundation. If you spot these damaged areas, it is key to repair them as soon as possible before buyers point them out themselves!

If you're thinking about selling your home in Wilmington DE or Southeastern PA this spring, give the Kat Geralis Home Team a call today! We are here to guide you through the entire process, starting with preparing your property for sale!

We look forward to hearing from you!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Wilmington Real Estate
Wilmington Homes for Sale
Visit My Website
Contact Me
Find me on Facebook

Displaying blog entries 1-10 of 27

Syndication

Categories

Archives

Kat Geralis Home Team Real Estate