Kat Geralis Home Team Wilmington DE Real Estate News Archives

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With the majority of buyers today starting their home search online, it is important to wow them during this initial look. If Delaware and Pennsylvania buyers see something they don't like just from flipping through listing photos, they are less likely to ever make it to the front door for a showing or visit an open house.

So how do you pique the interest of buyers in Delaware and Pennsylvania without turning them off?

Below are five things you will want to avoid as a home seller in our area:

Do not convert your garage
Keep in mind that a large number of buyers who will begin house hunting this spring are first-timers who are tired of renting, with others simply in the market for more space (which includes a place to park their car). Avoid converting your garage to anything other than what it was intended for— that means no living room, gym or media space.

Do not convert your spare bedrooms
If you have multiple bedrooms in your Delaware or Pennsylvania home, you can get by with keeping one as an office space while it is on the market as this can easily be changed back. But if you have built-in media equipment, wine storage, craft or workbenches in additional bedrooms, it could be a major turn-off for buyers who are looking for more space for their family.

Do not lay carpet over hardwood
Buyers today love wood floors, so don't cover them up if you have them! Older homes are more likely to have a layer of carpet over wood flooring and you might consider removing it before buyers arrive.

Do not leave out your dog accessories
Of course you love your pets, but a potential buyer may not. Pick up any toys or beds that are scattered around the house and consolidate them to one area.

Do not install bold fixtures
A helpful rule of thumb for Delaware and Pennsylvania home sellers this year is to create a neutral space that appeals to the majority of buyers. That means swapping out your over the top light fixtures with those more on the simple side. 

Selling your home may seem like uncharted territory if you're not familiar with the process, but we have decades of experience in assisting homeowners! Give the Kat Geralis Home Team a call today with any questions you have about listing your home or how you can prepare your property for the real estate market. 

We even offer a FREE Home Seller e-Guide!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
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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
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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
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Why Delaware and Pennsylvania Homeowners Overprice Their Homes

by Katina Geralis

With home sales on the rise and home prices following suit, many Delaware and Pennsylvania residents will soon begin the process of listing their properties to take advantage of this exciting time in the market, as well as the warmer weather coming this spring! But one common disconnect between homeowners and their agents is the price at which they believe they should list the property. 

The price DE and PA homeowners have in mind is oftentimes not realistic for the local market and takes into account a variety of factors including their emotional ties to the home. Finding a comfortable price for you can be a major obstacle when selling your home and you may need to compromise— just take a look at these common reasons homeowners overprice their homes in Delaware and Pennsylvania:

You think your decor is the best
Naturally, your home will represent your unique tastes and style, but keep in mind that it may not do the same for other buyers. Your knick-knacks, bright colors on the walls and large furniture items can get in the way of buyers envisioning themselves living in the home, so take care to scale back on these during the selling process.

You have emotional ties
Homeowners who have lived in a property for several years will develop emotional ties to the home, especially if you've raised your family there. In your mind, the home's worth may be far more than what buyers are willing to pay, so remind yourself to be realistic and remove your homeowner hat. It's important to look at the property as a buyer, without emotional ties, in order to find an accurate price.

You want to make a major profit
Who doesn't want to make a profit when selling their Delaware or Pennsylvania home? This may tempt you to drive up the price, but don't be too hasty. Your home value is dependent on the current market, comparable properties and its condition. Just because you need a specific amount of money from the sale to purchase your next dream home does not mean you can or will sell your home for that amount.

If you're ready to start the process of selling your DE or PA home, give our experts at the Kat Geralis Home Team a call today! We even offer a FREE Home Seller E-Guide to get you the best information in an easy-to-read format!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

Homes for Sale
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How to Know When to Sell Your Delaware or Pennsylvania Home

by Katina Geralis

While every Delaware and Pennsylvania homeowner's reason for selling their property will vary, there are a few red flags that will ultimately signal that it's time to move on. Whether you've grown out of the space or your job is taking you to a different community—or out of state completely—you can count on our team of experts to help you navigate the current real estate market as a home seller.

Below are five signs it's time to sell your Delaware or Pennsylvania home:

You've outgrown the home
As mentioned above, it is a great sign that you're ready for a bigger home if your family is growing (or if you're an empty nester, the opposite). If you're looking for a larger home to accommodate your needs or a property with fewer bedrooms as your children move out, you can count on the Kat Geralis Home Team to help you find the best fit.

Your costs are too high
It is not uncommon for DE or PA homeowners to find themselves unprepared for the costs that come with a property's upkeep. If you are in this position or think you could be soon, it's time to move on and find a property that better suits your financial situation with a lesser mortgage payment or overall maintenance costs.

The market is ready
Why not take advantage of the current Delaware and Pennsylvania real estate market and list your home while you have an edge? Especially if buyer demand continues to increase and you have the equity in your home, chances are high that you will be able to land a buyer quickly and move on to your next dream home.

You have the value
There is no better time for a DE or PA homeowner to sell than when they have equity built in their property and the market conditions are in their favor. Reach out to our real estate team to find your home's value and determine if now is the time for you!

It's been five years
Five years is the amount of time that industry experts recommend spending in your home before moving on, in an attempt to build enough equity for the move to make sense. After all, when paying a mortgage, the first payments are almost always all interest. Of course your personal situation will influence your decision, but unless you have an urgent need to pack your bags, you might like to consider staying put for a while longer.

Ready to get the listing process started or simply curious about your home value? Give the Kat Geralis Home Team a call! We can provide a list of next steps toward selling your DE or PA home and offer a snapshot of your market value in real time.

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

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

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

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

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