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Delaware Real Estate Market | 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 25, 2021   /   by April Griffith

The Extra Costs of Buying a Home in Delaware and Pennsylvania

The two major costs associated with buying a home in Delaware and Pennsylvania are the down payment and the monthly mortgage. However, there are a few others that buyers tend to overlook— causing both surprise and shock when the time comes to sign on the dotted line.
It is always wise to do your homework prior to house-hunting in Delaware or Pennsylvania to ensure that you understand each and every one of the costs involved.
Below are four hidden costs of buying a home and to avoid disappointment later, it is important to factor them into your budget before you find the one.

Closing Costs
Delaware and Pennsylvania buyers can expect closing costs to span anywhere from 2 to 5 percent of the home's value. Your mortgage lender will go over all of the fees and costs with you, but be sure to consider closing costs in your research. And while the seller may cover some of these costs—depending on how you work your offer—you may have to contribute toward the grand tot ...

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  delaware real estate, delaware real estate market, homebuyer tips, homebuyers, homebuying 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 18, 2021   /   by April Griffith

How to Make Your Delaware or Pennsylvania Home Look Expensive

It's no secret that two of the spaces that help to sell a home in Delaware and Pennsylvania are the bathroom and the kitchen. Buyers today want to see updated baths and kitchens that they can simply step into and use efficiently without having to make drastic changes.
But don't worry, home sellers— that doesn't mean you need to plan a massive remodel to please Delaware and Pennsylvania buyers.
Below are five easy ways you can make your Delaware or Pennsylvania kitchen look expensive, without breaking the bank or your back!
1. Pick a luxurious color palette
Muted colors like creams and grays can do wonders for your DE or PA home! Brighter, bolder colors can turn off buyers and make it difficult for them to envision their belongings in the space which may not pair so well with a harsh red, for instance.
2. Incorporate texture
Before you take to coating the walls in one coat of flat paint, consider your options. Varying high gloss and matte finishes can help to make the space k ...

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  delaware real estate, delaware home sellers, delaware real estate market, 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

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

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