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Delaware Area Homes | eXp Realty - Kat Geralis Home Team Blog

Thursday, April 8, 2021   /   by April Griffith

What a Seller's Market Means in Delaware and Pennsylvania

By now, you may have heard about a lack of inventory in the real estate market or noticed it for yourself as you begin house-hunting in Delaware and Pennsylvania. Inventory has been trending on the lower side for months and while it may be frustrating for buyers, it has contributed to what’s called a “seller’s market.”
A seller’s market is one in which homeowners have the upper hand, which can lead to quicker and easier sales. For buyers, it likely means more competition for the house of your dreams in Delaware and Pennsylvania.
If you are a home seller this year in DE or PA, keep in mind the following ways you can prepare for a successful sale:
Inspect and disclose
As a homeowner, it is wise to disclose any known issues associated with your property from a roof leak to a plumbing problem. Once you have a deal with a buyer, the control becomes theirs and it could be more costly to you than repairing the problems ahead of time or making the buyer aware k ...

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  delaware real estate, delaware area homes, delaware real estate market, delaware home sellers, delaware homeowners, home seller tips, pennsylvania real estate

Thursday, March 11, 2021   /   by April Griffith

Your Delaware and Pennsylvania Homeowner To Do List for March

March has arrived and before we know it, the birds will be singing, the weather will start to warm up, and spring will be in full bloom. But before we can get there, there are a few tasks you will want to cross off of your Delaware and Pennsylvania homeowner to-do list— cleaning your gutters, for instance.
Below are four tasks to add to your homeowner to-do list this month and you will be ready to enjoy the spring season ahead!
Clean your gutters
Debris has likely built up in your gutters over the past few months and if not tended to, it can cause a variety of problems both inside and outside of your Delaware or Pennsylvania home. Take a weekend to clean out the gutters and flush water through to ensure the spouts are in proper working order.
Repair cracks in walkways
It is not uncommon for the winter to bring about cracks and gaps in your sidewalks and driveway. Use a sealant to fill these gaps and prevent further cracking, not to mention keep trips and falls at bay!
Caulkk ...

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  delaware real estate, delaware area homes, delaware home sellers, delaware real estate market, delaware homeowners, home seller tips

Thursday, February 11, 2021   /   by April Griffith

3 Major Delaware and Pennsylvania Home Buying Myths of 2021

If you’re on the fence about buying a home in Delaware or Pennsylvania, you might be surprised to know that what’s been holding you back is a complete myth!
There are dozens of myths flying around the Delaware and Pennsylvania real estate market surrounding everything from necessary credit scores to the documents you need to qualify for a mortgage.
As your local real estate experts, we’re debunking some of the most common home buying myths below so you can buy a home with confidence this year!
Myth: You need a perfect credit score
Many would-be homebuyers are held back from the process simply because they don’t think their credit score is high enough. According to real estate industry resource Keeping Current Matters, the average credit score of all approved loans was 726. Don’t assume you won’t be approved! Your first step should always be meeting with a lender to determine which home loan programs you qualify for in Delaware or Pennsylvania.
Mk ...

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  delaware real estate, delaware area homes, delaware real estate market, homebuyer tips, homebuyers, homebuying tips

Thursday, January 14, 2021   /   by April Griffith

5 Ways to Add Storage to Your Delaware or Pennsylvania Home

Maybe you own a home in Delaware or Pennsylvania that's on the smaller side or you are getting a jump on your new year's cleaning and organizing everything in sight, maybe you simply desire more storage options to hide your belongings— regardless of the reason, every homeowner could use a little more storage to keep things feeling neat and tidy right now.
With spring on the horizon and still more time at home in our future, we've rounded up the following easy tips to add storage to your home in Delaware and Pennsylvania. These are the perfect way to spring forward into the new year ahead and feel like you have a fresh start!
Storage Bed
The bedroom is the place where most homeowners desire storage. A place to hide closet overflow, books, linens, and more. Purchase or craft a storage chest to place at the foot of your bed. It’s an attractive piece of furniture and a great alternative to plastic bins that allows you to store extra sheets, blankets, and other trinkets you&r ...

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  delaware real estate, delaware area homes, delaware home sellers, delaware homeowners, delaware real estate market

Thursday, December 17, 2020   /   by April Griffith

How to Know If You're Ready to Buy a Delaware Area Home in 2021

With the rising costs of rent in the Delaware area, it is no longer a wise financial decision for local residents to choose renting over buying. Not to mention, mortgage rates are still historically low! In fact, they've hit record lows more than five times this year!
However, if this is your first time buying a home in Delaware, you need to be ready to assume the responsibility of homeownership. Here are four questions to ask yourself to determine if now is the right time for you to buy:
Can you afford the costs?If you have been saving for a downpayment and other costs over the past few years, you'll be in great shape in the new year. You should have enough to cover 20% of the home's purchase price to secure the best mortgage rate and avoid private mortgage insurance (PMI).
It is also wise to be prepared to pay closing costs which can typically range from 2 to 5% of the home's purchase price.
Can you afford the payment?You may have found the perfect home ik ...

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  delaware area homes, delaware real estate, homebuyer tips, homebuyers, homebuying tips

eXp Realty - Kat Geralis Home Team
Kat Geralis
3411 Silverside Road Suite 104
Wilmington, DE 19810
302-575-1086

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