Real Estate Information

Spring is one of the most popular times of year to clean up your home inside and out, make renovations and take steps to ensure it operates efficiently for the rest of the year. But after the long winter months, the list of projects can pile up. This year, focus on six key areas to repair, replace and refresh around your house now - to avoid spending more time and money later.

1. Repair your roof and gutters. Inspect the roof to check for loose or cracked shingles. Also, be sure to look at indoor ceilings for any signs of water leakage and get started on repairs before more damage occurs. Take a look at the gutters to see if there are areas in need of repair as well, and tackle them now before there's too much rain.

2. Repair and reseal your deck. Remove debris and sweep the deck clean. Fix broken or bent boards and pushed up nails. Choose a cleanser formulated for your deck surface - whether for wood or composite - and apply a new coat of sealer and stain. A local home improvement center can advise you on formulations for your particular needs.

3. Replace your furnace. As you make home upgrades, this is also a good time to upgrade your furnace for greater home comfort and lower energy bills.

4. Replace windows and doors. Older windows can let unwanted air and moisture into your home. Installing newer, more efficient models will not only save money on cooling in summer and heating in winter, but they can bring the look of your home up to date. Replacing your front door in a great color and style can also add to your home's efficiency and instantly add curb appeal.

5. Refresh with paint. There's nothing like a new coat of paint to transform and update the look of a home. It's also one of the easiest and most economical home improvement projects you can undertake. Check out your local paint store for ideas and suggestions to help you visualize your home in fresh new colors.

6. Refresh your indoor air. The spring and fall months can trigger allergies, so consider adding an indoor air cleaner.

Lastly, renew your commitment to home maintenance by creating a yearly schedule of home projects. Mark your calendar with target dates to remind yourself to complete key tasks - including what to focus on for the next season, before the colder months arrive. (BPT)

New Castle County DE new listings declined 5.95% in February 2016 with 601 homes for sale compared to 639 in February 2015. The average sales price rose 2.11% in February to $223,952 from $219,325 in February 2015.

Information courtesy of New Castle County DE Realtor Tucker Robbins.

We have all been inside of friends and families homes that have pets and we all know just how smelly pets can make a home no matter how clean you keep your pets.  In fact, most homes these days have at least one pet in them.  If you are trying to sell your home having a pet may make it harder to do so.  Let’s take a look at a few ways pets make things harder on someone who is trying to sell their home.

• You may have your home staged to the max but if you have a pet inside it is likely that the odor will be noticed by folks who come to take a tour of your home.  You may think that if you give your pet a bath daily there will be no odor, think again.  Pets have an odor that is all their own and it is easily noticed by the human nose. 
• Cats tend to make the most smell when it comes to having animals inside of your home because they do their business inside, in the litter box.  It is important to take litter boxes outside when showing a home so that the smell may be somewhat masked at least. 
• Pets that shed are ones that may cause an issue when someone comes to tour your home because there is absolutely no way you can get rid of all of the hair inside of your home.  If you need to have a pet, perhaps opting for one that doesn’t shed such as a poodle is a better option for you.  You can run a lint brush over all of your furniture before a showing but as I said there is basically no way to get rid of all of the hair.
• An air purifier may be a good idea to invest in if you have pets and you are about to start showing your house.  These types of machines go a long way to helping take the pet smell out of your home. 

Don’t worry, if you want to sell your home and you have pets you don’t have to get rid of your pets just be diligent and do your part to make sure those who tour your home have no idea you have animals living inside.  Once they finish the tour you can go back to normal life until the next showing and then you will repeat the entire cleaning process over again.  Another thing you can do if you have pets and you are trying to sell your home is to look up some tips and ideas online of how to make your home show better and therefore sell faster. 

Courtesy of New Castle County Realtor Tucker Robbins.

Perhaps you have been searching for your dream home and you have already found the one you really want but before you get a chance to do anything about it you drive by and notice it is ‘under contract’ or ‘pending’.  If this happens to you, don’t give up on your dreams there are things that you can do to make things go in your favor.  Below are a few ideas for you to try if you find that your dream home is about to slip through your fingers.

• First of all if you find that the home you have your eye on is ‘under contract’ you need to know that you shouldn’t give up.  Under contract doesn’t mean that the sale has taken place it only means that an offer has been made but that it hasn’t closed yet.   There is still a good chance that the home may come back on the market again especially if the buyer cannot come up with the funds needed through financing.  Another reason a sale pending may fall through is if the inspection doesn’t work out.
• Talk to your Realtor and let she or he know that you are interested in the house that is under contract.  Many times seller’s agents will continue to show a home until the last minute.  They do so because they may be hoping for a better offer than they currently have.  They also do this so that if the funding falls through for the current bidder they will have someone else in line to make an offer quickly afterwards. 
• If you REALLY want this house and you don’t want it to slip through your fingers you can always make a higher bid than is currently in play.   If you can afford to do this, it can be an easy way to make things go in your favor. 
• Sending a handwritten note to the seller is a great way to let them know just how serious you are about purchasing their home.  Hand written letters are pretty much a thing of the past these days and a handwritten note may make all the difference in the seller’s decision. 

Some of these tips for snatching your dream home  out of ‘under contract’ or ‘pending’ status are pretty unconventional but if you really want the home to be your own you may be willing to do whatever it may take. In the end if you don’t end up getting the home, there is another one out there that is better for you and your family. 

Courtesy of Wilmington DE Realtor Tucker Robbins.

Tax refund season is here and there's a lot to celebrate. This tax season, while consumers are eagerly awaiting their refund, tax preparation companies, tax officials and the IRS are working together to combat one of the fastest growing threats for tax season 2016 - tax identity fraud.

Based on IRS data, nearly 3 million people have been victims of tax identity theft since 2010. Every year, criminals use increasingly advanced tactics - particularly geared toward taxpayers filing online - to steal taxpayers' personal information, file fraudulent tax returns in their names and steal their refunds. After fraud occurs, it can take months and multiple steps by the victim to access a stolen refund and regain an identity with the IRS.

Protect your identity - and your refund - with these five tax tips from H&R Block:

 1. File early and be cautious. Filing your taxes early will allow you to claim your refund before a criminal can. Before you file, protect your personal information by installing a security software with anti-virus and firewall protections.

 2. Keep your paper records safe. Shred records you are no longer using and keep your social security card and any sensitive documents under lock and key.

 3. Do not respond to individuals posing as a tax agency. The IRS does not demand immediate payment without sending a bill in the mail first. If you receive a phone call or an email with an external link, do not click on the link or share personal or financial information unless you personally know the person on the other end.

4. Change your password. The 2015 tax season saw a significant increase of tax fraud in the do-it-yourself (DIY) space. When using at-home tax software create a strong password with capitalization, numbers, and symbols or avoid the risk by visiting a tax preparer.

 5. Use tax identity protection services. Visit the IRS website to learn more about how to protect your identity.

This tax season, take away the stress and put the "fun" back in "refund" by filing early. (BPT)

In a relationship, you count on your significant other to be there with you through the good and the bad. They are your best friend, your confident and your closest ally. And you count on being able to have important conversations with them as well.

One of those important conversations every couple should have focuses on money and each person's respective financial goals, especially if you are planning to purchase a home. However, 33 percent of married or partnered adults have difficulty discussing money with their significant other, according to a Wells Fargo survey. "I think money is one of those topics most couples put off discussing because it can be sensitive," says Arlene Maloney, senior vice president, Wells Fargo Home Mortgage. "However, if you don't discuss money before entering into a major credit purchase, like homeownership, you open yourself up for potential problems down the road."

Purchasing a home is one of the largest investments most people make in their lifetime. When two people decide to achieve the goal of homeownership together, it's important to understand not only your own finances and credit profile but your partner's finances and goals as well.

To help you broach this conversation with your partner, here are some things you should discuss before you move forward:

Where you will live and what you want to purchase.

Do you want to live in the city or the suburbs? Are you set on a single-family home or a condo? Do you want to build your home or purchase an established property? Having answers to these questions will help you speak to a lender and learn more about how the type of home you choose may affect loan approval requirements or what options exist if you want to build your home. You'll also learn if any bond or down payment assistance programs may be offered in the municipalities you are considering.

Your partner's credit score.

Lenders use customers' credit profiles to help determine your ability to repay a loan. When purchasing a home with someone else, both of your credit scores are considered. In most cases the lowest middle score between the two of you will be used. If you or your significant other has a very low score this may not only impact the loan amount you receive but also the interest rate. It may even prevent approval. If one of the credit scores is very low, you might discuss only one person applying for the mortgage loan and owning the house in his/her name.

Have an honest conversation about debt.

An important factor that lenders evaluate is your debt-to-income ratio. This varies by mortgage program but a good rule of thumb is to ensure your debt level is at or below 36 percent of your gross monthly income. Having an overabundance of debt could impact the amount of the loan or whether you receive mortgage approval.

How much money can you put toward the purchase?

It isn't necessary for you to put 20 percent down but most loan options require some sort of down payment. In many cases lower down payment options require mortgage insurance, which will increase your monthly payment.

Will one or both of you be on the note?

If purchasing a home with someone else, each of you must qualify in order to be on the note, and both of you are responsible for the debt. If only one person is on the note, the other may not engage in any transactions regarding the loan, including refinancing, or application for modification. You should also consult your state's attorney general's office to see if any community property laws exist in your state. Such laws could make a spouse legally responsible for any debt acquired by the other spouse after marriage. If such a law exists in your state, it's important you are aware of it.

Purchasing your first home is an exciting time and, for many people, a sign of success. But while you may want to rush out and start the shopping process now, take your time. Having a conversation with your significant other about the topics above beforehand will ensure you're both on the same page and set you up to make the most of your future and the home it includes. (BPT)

New Castle County DE new listings declined 9.25% in January 2016 with 559 homes for sale compared to 616 in January 2015. The average sales price rose 6.73% in January to $236,667 from $222,745 in January 2015.

Information courtesy of New Castle County DE Realtor Tucker Robbins.

Many times when someone puts their house on the market they are so excited at the possibility of getting their home sold quickly that they lose their bearings a bit when they finally have a serious buyer.  You as the seller need to be sure not to say too much to your potential buyer so that you don’t end up losing the sale before you get it.  Below are a few things you shouldn’t say when selling your home. 

Things You Shouldn't Say When Selling

• Be careful not to tell your potential home buyer  that your house is in top shape and that there is absolutely nothing wrong with it.  You most likely don’t know if your house is in perfect shape and will only know for sure the shape that it is in when the inspector comes to do his or her job.  There is nothing wrong with verbally selling your home to a potential buyer but be careful not to say things unless you know for certain those things are true. 
• Another good thing to keep to yourself when it comes to talking to a potential buyer of your home is exactly how long your home has been on the market.  It is likely that the buyer already knows how long your home has been on the market and if you talk too much about that, they may try to get you to lower your price as a result.  Information about your house that is already in the system doesn’t need to be shared over and over again.  Let the house speak for itself. 
• There is also no need to talk to a potential buyer about how much you spent on remodeling different areas inside the home.  The buyer doesn’t really care how much you spent fixing “x,y,z” , they just want a good and fair price.
• If you talk to your potential buyers and you tell them that you are not willing to negotiate on the price from the start, it is likely that they buyer will shut down and won’t even make an offer.  Always be willing to negotiate and have a set lowest price in your mind and then don’t go below that price. 

Of course your number one priority when trying to sell your home is to sell it, however take a few of these  tips of what not to say to a potential buyer  to heart and you will likely end up with the result you are looking for. 

Courtesy of New Castle County DE Realtor Tucker Robbins.

Whether you are selling your home or you are looking to buy a home, there are a few things that you need to know to help your home inspection go as well as it possibly can.  Home buyers need to know that the house they are buying is in good shape and home sellers need to be on the up and up when selling their home. When it comes to home inspections there are a few tips that can help the inspection go smoothly and the process be as stress free as possible. 

• If you are selling your home and you have a home inspection on the schedule, do your part to make it easy on the inspector by getting your pets out of the house while he or she is doing the inspection.  Your home inspector may love and adore animals as much as you do but your pets being under their feet during the inspection will not make the job any easier. 
• During a home inspection, typically the potential buyers are inside alone with the inspector and they may want to look around to take one last look at things before making a final decision.  If you want to make a good impression on those potential buyers, you may want to clean up the clutter you have left laying around.  Believe it or not clutter can cause a potential home buyer to walk away without making an offer.
• As a home buyer don’t freak out if the home inspector comes up with a list of things that need to be taken care of in the house.  You need to realize that most houses have some sort of upkeep or maintenance that needs to be taken care of and that inspector’s are known for being nitpicky.   Realize too that most everything can be fixed.  Even the dreaded mold and radon.  Realize as well that home inspectors cannot predict the future and won’t be able to tell you how long something will last; they will just be able to tell you that it needs attention. 

Hopefully these tips will help you out the next time you have a home inspector coming to your home, whether you are selling or buying.  Remember that the home inspector is there to help you not to harm you or to ruin your dreams.

Courtesy of New Castle County Real Estate Expert Tucker Robbins.

Many Americans start the New Year by resolving to improve their lives by exercising more, losing weight or making other changes. Based on research findings, one in five should resolve to put their financial house in order.

Research by Mass Mutual shows that many Americans struggle with their personal finances, especially when it comes to making the most of their employee benefits:

• 22 percent of Americans admit they don’t understand their personal finances
• 22 percent don’t know which employee benefits such as healthcare coverage, life or disability insurance or retirement savings should be a priority
• 42 percent say they don’t know if they are on track to retire comfortably
• 64 percent don’t know the details of their life insurance

Many people muddle through personal financial decisions and simply hope for the best. Unfortunately, all too often people make the wrong choices and risk leaving themselves unprepared for life’s financial realities. Making the right choices can lead to greater peace of mind.

Financial planning is a discipline built on a hierarchy of needs. Psychologist Abraham Maslow first introduced the hierarchy in the form of a pyramid to explain human behavior, starting with basic needs such as food and shelter at the bottom or foundation. Other needs build from there, in order of priority, including safety, social connections, self-esteem and, at the top of the pyramid, growth.

According to Maslow’s theory, basic needs must be satisfied before higher needs can be addressed. Food, water and shelter take priority over other needs such as whether or not your car has heated seats or a sun roof.

The hierarchy of needs works well when establishing financial priorities and making financial decisions. The layers of the pyramid can be matched to financial planning choices and even benefits selections:

Be Safe

The foundation of the pyramid is safety. Most people and their families need financial protection from dying prematurely, suffering a long-term or even a short-term disability, or becoming seriously ill. That means most people should prioritize signing up for healthcare coverage, life and disability insurance.

Build Savings

Once financial protection is in place, many of us should address shorter-term goals such as accumulating personal savings, building up cash for emergencies, and eliminating short-term debts such as credit card balances and car loans. Purchasing critical illness coverage can help protect savings, potentially avoid future debts, or provide a financial cushion in the event you or someone in your family suffers a serious illness or injury.

Plan for Retirement

Next, most of us need to plan for the future, which means building wealth and reducing debt over the long term. Saving for retirement through an employer’s 401(k) or other retirement savings program is a good long-term priority. Other long-term goals should be saving for college if you have children and eliminating mortgage debt.

Pursue Dreams

Those who accomplish those goals and who are fortunate enough to have additional financial resources can then consider their financial dreams that fall into the esteem and growth categories. Travel, pursuing expensive hobbies, purchasing a vacation home and other goals should be pursued only after other needs are met.

We all have important financial needs, wants and dreams. The key is to understand the difference and to take care of your most basic protection needs first. Your employer’s benefit package should be a place to start. (BPT)