Kat Geralis Home Team Wilmington DE Real Estate News Archives

Blog

Displaying blog entries 1-10 of 31

Thanksgiving is now just two weeks away and as a Delaware and Pennsylvania area resident, you may be preparing to host the holiday in your home. You've cleaned each room from top to bottom, you've purchased your turkey, but just as your guests arrive, you realize the oven won't heat.

Holiday hassles are not uncommon in the hustle and bustle of the season, but there are precautions you can take to avoid them!

Follow these three rules to make sure you can enjoy your Thanksgiving feast without worry.

Problem: The Oven Won't Heat
Unfortunately, a heating malfunction in the oven will pop up in Delaware and Pennsylvania homes everywhere during the holiday season. But the good news is that there is an easy solution to prevent it! Do not allow the oven to self-clean until after the holidays as you risk blowing a fuse or thermostat. What's more, it can be tricky to find an available oven technician around this busy time of year.

Problem: You Have No Heat
Although the weather may not call for much heat this Thanksgiving, you don't want to risk your thermostat going out. The key to this is having your HVAC system serviced as usual each year. Regular maintenance tasks like replacing the filter can help you avoid holiday disasters such as this.

Problem: The Fridge Won't Cool
Thanksgiving cooking requires a chilly refrigerator to keep every dish in its best form and discovering this problem too late can really put a damper on your holiday plans. Install a thermometer on your fridge to make sure it stays below 40 degrees. The coils located underneath or on the back of the appliance should be free of dust and allowed to breathe. Remove any boxes that may be preventing air from circulating around these.

Thanksgiving marks the beginning of the busy holiday season and an opportune time to both buy a new home and sell your current home in Delaware and Pennsylvania

If you're feeling like moving on to a new home for the new year ahead, contact the Kat Geralis Home Team today for more information about your home selling options in Delaware and Pennsylvania!

We even offer 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

Updated Delaware and Pennsylvania Real Estate Market Stats 2019

by Katina Geralis

It's time for a new Delaware and Pennsylvania real estate market update! As you know, the market is always changing, especially with the seasons, but buyer demand is still high in Delaware and Pennsylvania since buyers now shop year-round for properties on their smartphones, tablets, even set up email alerts with new listings! 

Inventory is still slightly under where it was at this time last year. But remember, this is always changing! 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!

From July to September 2019, 2,004 homes were sold (about the same as the last time we shared this report) with a median sold value of $248,000 (slightly up from our last report). The number of units listed during this timeframe was 2,199 homes— which comes in just under this number from our last report, but as you can see, buyers are still very much browsing inventory and not waiting long to jump on the home that best meets their needs! Even with the changing seasons!

The average days on the market for New Castle County for homes listed during July, August, and September are as follows:

July: 37

August: 42

September: 39

While the summer months are typically a popular time for buyers to move homes in New Castle County, you'll notice that the Days on Market (DOM) for properties during this time didn't drop much as we headed into September.

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

If you haven't heard about the latest and greatest from the real estate world, you'll want to put iBuying Programs on your radar! 

iBuying real estate companies essentially allow motivated sellers to submit their properties to buyers who can make an instant cash offer.

eXp has just debuted their iBuying Program, called Express Offers, and while currently only available in select markets, plans to expand the program into more states by the end of the year. 

Express Offers, eXp's iBuying platform, allows agents to submit their sellers' homes to several institutional investors who are able to make an instant cash offer. In addition, the agent can submit the home to more than one investor to yield multiple offers for their sellers— whereas many other iBuying programs only allow for one instant offer at a given time.

Why is this appealing to sellers? iBuyers allow home sellers the opportunity to unload their home quickly, equalling a faster sale and avoiding traditional marketing.

If iBuying Programs are something that strikes a chord with you or you're interested to learn more, keep reading for a few key facts on what you should know:

  • iBuying Programs typically look for homes that meet specific requirements, IE. age of the home, condition, improvements needed.
     
  • Offer prices are often less than the current market value due to the iBuyer wanting to make a profit (and likely quick!).
     
  • iBuying Programs can cost you more in fees, potentially ranging from 13 to 15 percent of a home's sale price.

Contact the Kat Geralis Home Team today for more information about your home selling options in Delaware and Pennsylvania!

We even offer 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

Choosing a Neighborhood for Your Delaware or Pennsylvania Home

by Katina Geralis

Today's homebuyers are constantly looking for neighborhoods with the right balance of homes and stores, the perfect mix of living and entertainment. 

In fact, according to a National Association of Realtors Community Preference Survey, those in the market to purchase a home (60 percent to be exact) were found to favor neighborhoods with a mix of homes, stores, and other businesses that are easy to walk around. 

So if you find yourself ready to purchase a new home in Delaware or Pennsylvania this year, it's important to know you might need to act quickly to beat other buyers on your dream home in a desired neighborhood. As your local Delaware and Pennsylvania real estate experts, we've included some tips below for choosing the right neighborhood, including how to know when a neighborhood is about to take off in terms of popularity.

New Homes Going Up
New homes being built in the area is a great sign that the area is about to take off— not only residential housing, but retail as well. When you begin to see large-scale developments in an area of Delaware or Pennsylvania, that can be a tip-off that there is progress happening and an interest among those who live nearby to spend more time there.

On a smaller scale, another big tip is to look for a Starbucks going in. The coffee giant spends a lot of money on market research to determine their new locations.

Trendy Places Going Up
It's not just the amount of retail or entertainment establishments going in, but the quality of them that matters in Delaware and Pennsylvania real estate. If you're a homebuyer, look for new spaces like juice bars, organic restaurants, boutique hotels and the like to determine how an area will function. These types of places tend to mimic the type of neighborhood they're surrounded by.

Location, Location, Location
Again, this real estate mantra holds true for Delaware and Pennsylvania homebuyers looking for the next big thing in neighborhoods. When communities are on the cusp of a major metropolitan area or busier city, more people tend to take interest. For instance, many homebuyers get priced out of major metropolitan areas and look for homes in outlying communities to be close to the hubbub, but at a better price.

Want more tips on choosing the right place to live or finding the right Delaware or Pennsylvania homes for you and your family? Let's discuss what areas will fit with your homebuyer needs and wants!

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

As we head into late summer, now is the time to ensure your home in Delaware or Pennsylvania has had a proper check-up. Due to rising temperatures during these warmer months, you'll want to make sure your cooling system is in working order in addition to conducting an energy audit. Once these tasks have been completed at your home in Delaware or Pennsylvania, you can enjoy the rest of the summer with few problems in sight!

Start an Energy Audit
Not as difficult as it sounds! Simply pick up a notepad and walk around your home looking for places energy might be able to escape. It has been said that a Delaware and Pennsylvania homeowner can save approximately 20% on heating and cooling bills just by plugging leaks, so take note of any cracks or gaps you see around the property. Doing an energy audit now before the cooler weather comes can save you a great deal of money in the long run.

Clean the Patio
Have you been enjoying your home's outdoor space this summer? While you're cleaning the rest of your home, give the patio a good sweeping and plan a quick spruce simply by cleaning the furniture! First, remove any cushions or pillows, washing those that are machine-safe, and spray down the furniture. The following recipe can be used to deep clean patio furniture:

2/3 cup trisodium phosphate (TSP)
1/3 cup laundry soap powder
A quart of bleach
Three quarts of warm water

Clean the Walks
Over the summer, your sidewalks and driveway can begin to show signs of wear, as well as accumulate dirt and grime. You can easily rinse these away by renting a power washer. It's important while you're cleaning the sidewalks and driveway to be sure the water is running away from the foundation— if not, look for any cracks or gaps where water could seep into your Delaware and Pennsylvania home. If a problem arises, it might be wise to contact a home inspector.

All of these homeowner maintenance tasks can boost your home's appearance and even appeal to potential homebuyers in Delaware and Pennsylvania! If you're ready to sell this season, the Kat Geralis Home Team is here to help! Contact us today to discuss how we can help you with your current property.

We even offer 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

The dog days of summer are here!

And while we're all certainly enjoying the warmer temperatures and sunshine, the summer heat can bring about a rise in utility bills for Delaware and Pennsylvania homeowners.

There are dozens of ways to keep mounting utility costs at bay for the rest of the summer and as your Delaware and Pennsylvania real estate experts, I'm sharing some with you below!

Clean your air filters
It's important to clean your air filters to keep your heating and cooling bills down this summer. When filters are dirty, these systems have to work much harder and use much more energy to function properly. With clean filters, your home can run as it is meant to and help bring down your utility bills.

Install a new thermostat
If you haven't already, consider installing a new thermostat in your Delaware or Pennsylvania home. A programmable model can control your home's temperature at various times of the day—for instance, when you're sleeping or out of the house—to keep costs low. These types of thermostats can reduce your energy usage drastically this summer.

Add mulch
Summer is a popular season for planting flowers, vegetables and herbs, but that also means you'll be watering more often. Adding mulch into your landscaping will help to slow evaporation, keep the water on the ground longer and allow you to water less frequently.

Apply window film or curtains
To keep the hot summer sun out of your home and reduce cooling costs, Delaware and Pennsylvania homeowners can install curtains or window film. Installing window film is as simple as measuring your window size, cutting the film and applying it to your window; this will help to block the heat from entering your home.

If you're ready to begin house-hunting in Delaware or Pennsylvania this summer or contemplating selling your home, contact the Kat Geralis Home Team 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

When you've decided to list your home in Delaware or Pennsylvania, it may seem like your to-do list grows longer and longer. You will need to start searching for a new home, clearing the clutter and packing up to make your move a bit easier when the time comes. But it doesn't end there! One more added stress for you may be keeping your home buyer-ready for showings.

There are dozens of little tasks you can check off to prepare your home for a showing in minutes and as your local real estate experts in Delaware and Pennsylvania, I am sharing a few with you below!

Mop or vacuum
Complete a quick cleaning of the floors in your entryway, kitchen and bathrooms. If necessary, spot clean debris on the floor with a sponge or towel.

Dust screens and furniture
The last thing a buyer wants to see if dust lingering in the air or on your furniture. Dust your coffee table or end tables, TV screens and computer monitors before they arrive.

Remove clutter from counters
Small appliances, knick knacks, mail and other miscellaneous items should be cleared off of counters and stored elsewhere. After you've removed these, wipe down all of the counters to ensure they are clean.

Make the beds
This task takes just a few minutes and can make a world of difference in helping a room look put together. 

Empty trash cans
You do not want any lingering odors in your home when buyers arrive for a showing, so make sure all trash cans have been emptied.

Turn on the lights
Letting light into your Delaware or Pennsylvania home can help it feel lighter, airier and larger. Turn on all of the lights in your home and open the blinds or drapes to let in more sun. If necessary, clean your windows so they are free of streaks.

The Kat Geralis Home Team has years of experience in helping homeowners sell their properties and move on to their next dream homes! If you're ready to do just that, contact us today!

We even offer 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 by no means a secret that the moving process can be overwhelming. After all, you're on your way to settle into your dream home! It's both exciting and new and as a result, it can be easy to overlook a few key items like fees along the way.

If you're moving to a new home in Delaware or Pennsylvania this summer, it is important to keep an eye out for these extra fees that could pop up when changing homes. Even little things like disposing of packing materials can add up in charges.

Packing and Unpacking
If you don't take the time to carefully package each item or piece of furniture, you could risk damaging them in your move. However, some new homeowners just do not have the time to dedicate to this task. It's understandable, but know that it can cost you! 

Some moving companies will pack for you and even unpack when you arrive. Fees are typically calculated on an hourly basis and if you want them to dispose of the packing materials when it's all said and done, you could acquire a disposal fee as well.

Disassembling and Assembling Furniture
We all know how much time it can take to disassemble furniture and try to remember what goes where before packing it onto the moving truck. Your moving company can do this for you (they oftentimes have extra tools to make it efficient!), but for a fee. They will also reassemble the furniture in your new home for an added charge so you can jump right into unpacking.

Handling Heavy Items
If you have extremely heavy personal items like a piano, pool table, hot tub or safe, movers can charge an additional handling fee as these often require special treatment and packing. Items like appliances can be transported to your new DE or PA home and set up, but movers will also charge an appliance servicing fee.

Carrying a Distance
It may not even cross your mind, but if movers have to park more than 50 to 75 feet from the entrance of your home in Delaware or Pennsylvania, you could be required to pay an extra fee for them to take the items inside. This is called a "long carry fee" and is assessed based on the distance movers need to carry items from the truck to the entrance of the home.

Moving to a new home in Delaware and Pennsylvania is an exciting time, so don't let unexpected moving fees catch you off guard! With our experience in the local real estate market, the Kat Geralis Home Team is happy to help your home buying process run as smoothly as possible. 

We also offer a FREE Home Buyer e-Guide and 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

This time of year, Delaware and Pennsylvania residents have filed their taxes and thinking one step ahead, are now planning ways to spend their refund. While you likely have dozens of ideas about how you're going to spend your money this time around, why not invest it back into your home? 

The following home upgrades actually pay off at resale and will be well worth their initial cost:

Remodeled Kitchen
Upgrading your kitchen is one of the smartest investments you can make in your Delaware or Pennsylvania home. Stick to high-quality fixtures, including stainless steel appliances and granite or quartz countertops. However, also keep in mind the size of your home when remodeling. If your home is a smaller, two-bedroom, you may not recoup all of your investment. Do not be afraid to ask your real estate agent about the best upgrades for your home's size if you're planning to sell this year!

New windows
During the winter months, you may notice drafts around your windows and doors, not to mention higher energy bills each month. Replacing windows will keep your home warmer and intrigue Delaware and Pennsylvania buyers that are looking for a newly-updated home.

Landscaping
Curb appeal is the first thing a buyer will notice when they visit your home or view it online. Every addition from hedges to flower beds is well worth your while as a homeowner as these tell homebuyers that you care about your property and its upkeep.

If you're thinking about selling your home in Delaware or Pennsylvania, it is wise to invest in the upgrades that will pay off! Contact the Kat Geralis Home Team today with any questions about the real estate market or for more information about selling your home for top dollar in DE and PA!

We have helped many Delaware and Pennsylvania home sellers find the right buyer and we'd love to help you do the same! 

We also offer a FREE Home Seller e-Guide and FREE Home Valuation Tool

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

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

Homebuyers are out in droves as the busy spring real estate season gets underway in Delaware and Pennsylvania. If you've already taken the steps to list your property in DE or PA or are planning to soon, the next step involves highlighting your home's key features that buyers will love.

The following elements of your home may seem like nothing to you, but to buyers, they could be just what they are looking for— Don't be afraid to point them out!

Location
You've heard the phrase "location, location, location" before and it never holds more true than when assessing your home's value. Is your home located near restaurants, shopping and entertainment? Do you have an excellent commute time from your neighborhood? Buyers will want to know! And as your real estate experts in Delaware and Pennsylvania, the Kat Geralis Home Team can help identify such selling points this year!

Storage
Many Delaware and Pennsylvania buyers are diving into the real estate market simply because their current home lacks storage; this is also one of the reasons current renters will make the transition to homeownership over the next few months. A large garage, walk-in closet or pantry just might spark the interest of a buyer whose sole purpose for moving is to gain more space.

Layout
While Millennials are expected to make a big impact on the real estate market this spring, another group ready to make a move is seniors. Those whose children are all grown and out of the house will be looking to downsize and features like a ranch-style layout, zero exterior steps and minimal upkeep will be high on their list.

We have helped many Delaware and Pennsylvania home sellers find the right buyer and we'd love to help you do the same! Give us a call today for more information on next steps toward listing your Delaware or Pennsylvania home!

We also offer 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

Displaying blog entries 1-10 of 31

Syndication

Categories

Archives

Kat Geralis Home Team Real Estate