Our Real Estate Market Is Healthy Once Again

We specialize in selling homes that have failed to sell in the past. If you’ve gone through a situation like that, you should reach out to us.

As your recommended listening specialists from the Matt Fetick team for Chester and Delaware Counties, Jeremy and Dana wanted to touch on something really quick today and let you know that our real estate market has finally recovered.

We are back to 2007 price points at this time, which is great news for sellers. Our team specializes in selling homes that have been on the market before and failed to sell. If you have struggled with selling your home in the past, you should reach out to us. 

We sell a home every 48 hours.

As a team that sells a home every 48 hours, if you’ve had a rough run of things or haven’t gotten what you wanted out of your listing agent in the past, give us a call. We would love to come out and do a free, in-home, hassle-free consultation where we can sit down with you and help you develop strong marketing and a competitive pricing strategy so we can get you the highest price for your home in the shortest amount of time. We want all of our clients to have a 5-star experience and to be clients for life.The market has finally recovered. Now what?

If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.

Our Real Estate Market Is Healthy Once Again

We specialize in selling homes that have failed to sell in the past. If you’ve gone through a situation like that, you should reach out to us.

As your recommended listing specialists from the Matt Fetick Team for Chester and Delaware Counties, Jeremy and Dana wanted to touch on something really quick today and let you know that our real estate market has finally recovered.

We are back to 2007 price points at this time, which is great news for sellers. Our team specializes in selling homes that have been on the market before and failed to sell. If you have struggled with selling your home in the past, you should reach out to us. 

We sell a home every 48 hours.

Our team sells a home every 48 hours. If you haven’t gotten what you wanted out of your listing agent in the past, give us a call. We would love to come out and do a free, in-home, hassle-free consultation where we can sit down with you and help you develop strong marketing and a competitive pricing strategy so we can get you the highest price for your home in the shortest amount of time. We want all of our clients to have a 5-star experience and to be clients for life.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.

Come Take a Tour of 202 Whitby Dr.

We have a great virtual tour to share with you today. This is a lovely home that we think you’re going to love.

We are very excited to give you a sneak peek at one of our featured listings at 202 Whitby Dr. in Wilmington in the community of Sharpley, just off Concord Pike in North Wilmington. 

This home is nestled near major routes, local businesses, great shopping, and just a couple minutes from Brandywine Creek State Park. The neighborhood is beautiful, established, quiet, and well-maintained. Located on a large corner lot, 202 Whitby Drive has four bedrooms and two and a half bathrooms.

This home has a great open floor plan.

One great feature about this home is its open floor plan. It also has a fully-updated kitchen complete with brand new stainless steel appliances, granite countertops, and great lighting. 

Beautifully refinished hardwood flooring stretches through the main level dining room, den, and living room which includes a wood-burning fireplace.

The master bedroom has a full bath and walk-in closet, along with three other rooms. Other updates include a new roof, hot water heater, and security system. This is a great opportunity in a great location. 

If you have any questions about this home or you would like to schedule a showing, give us a call or send us an email. We are happy to help.

How to Avoid Overpricing Your Home

When you sell a home, the list price is one of the most important factors. To pinpoint that asking price, there are two major factors to indicate where it should be.

What are the pitfalls of overpricing your home?

When you make the decision to sell your home, one of the most important factors to consider is the list price. As real estate agents, our goal is to get you the most money that the market will bear. 

When you consider what that list price will be, you want to examine a few factors. What are the recent sales and market history of your neighborhood, dating back at least six months? At what price point will your home show the greatest value to the largest amount of buyers? 

When considering list price, there are two major factors.

If buyers can't see the value in your home through things like the marketing, it's going to result in limited showings and traffic through your home and potentially no offers. Examining these two factors can ensure that you have a competitive pricing strategy.

Statistically, we find that sellers receive the highest and best prices on their home in the first 30 days of the listing. That's important because those people shopping in your area will likely see it within the first 24 to 48 hours after it goes live. At that point, they will make a decision about whether they see value at the price you're asking and whether they want to schedule a showing. 

You must pull a buyer from the pool of the first surge of buyers that come through your home in the first 10 days of the listing because that is your market. If you haven't received any offers once that surge is gone, you'll need to go back and examine whether your marketing is working, the condition of the home, and your price. The longer a property sits on the market (more than 30, 60, or even 90 days), the lesser the sense of urgency or competition on it.

When buyers see a home and like it in the first weekend, then somebody else will as well, so they need to make a strong offer to ensure they can lock up that prized property that they really want. That's the competition and urgency you lose when the property sits on the market; offers that do come in will be lower.

Which indicators can let you know you're on the right track? Well, once your listing goes live, if your home is in great condition, in a great location, and your marketing is working, you can point to price if you don't have any showings in the first 10 days. If you've had 10 showings and no offers, you also need to examine price. The market will tell you exactly what you need to do every three to four weeks.

I hope this topic was insightful for you. If you have any questions about pricing your home properly or you have questions about the Pennsylvania real estate market, give us a call or send us an email. We're here to help.

Maintaining Your Heating and Cooling Systems

With summer nearly over, I’m sure you (like me) have been reminded just how much we use our air conditioning. Soon, in the winter, you’ll also be reminded of how often you use the furnace, too.

It’s one of the major systems in your home, and a surprise issue with one of these systems can be a nightmare if handled improperly. That’s why I wanted to share a video from Angie’s List that I recently saw about proper maintenance of your heating and cooling systems.

If either unit is having issues, did you know you can actually hire technicians who are specially trained to work on certain brands? For example, if you have a Trane system, you can find a tech who is trained specifically to work on Trane products.

Secondly, always remember to get a second opinion when someone recommends that you replace a system because oftentimes a repair will do. You want to be certain when it comes to a part of your home that should last 20 years, especially considering the cost of a replacement.

"...be proactive with service on these systems."

Unfortunately, as the video points out, there are a lot of people out there in that deal in these systems and prey on customers that don’t know any better. If you’re hiring a company, you should investigate them by checking out their web reviews or social media pages. 

Also, be proactive with service on these systems. If you wait until the system is broken down and needs repair to get it checked out, you’re now at their mercy. 

As always, for any real estate questions, feel free to give me a call or send me an email. I’d be happy to answer them for you!

4 Reasons to Buy a Pennsylvania Home in 2016

There is a wide selection of top-quality homes to choose from on the market today. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding real estate or the value of your home, please feel free to call me at (610) 427-4420.

Today, I want to share four reasons why 2016 is the year to buy your next home. Our market looks great and there hasn’t been a more opportune year!

First of all, home prices are finally stabilizing. We’re not seeing those dramatic upward or downward spikes that are typical of a turbulent market. Right now, prices are fairly calm, fairly even, and fairly predictable, making now a great time to buy.

We also expect that there will be more homes on the market this spring than there have been in the past. Again, part of this is because home prices have calmed down and now we can predict where they are going to go. That means that any sellers who have been on the fence are now ready to put their homes on the market.

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When interest rates go up, buying power goes down.

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Additionally, inexpensive mortgages could disappear soon. Right now, interest rates are historically lows. However, everything we see in the economy indicates that we will see an increase in rates. For every 1% increase, your buying power goes down by 10% to keep the same monthly mortgage payment.

Finally, if you’re renting right now, you know that rentals are at a premium. When that happens, landlords jack up the prices. Keep in mind that when you’re renting, you are paying a mortgage; it’s just not your own.

If you have any questions, give me a call or send me an email. I would be happy to help you!

Should I Wait to Sell My Home?

There is a wide selection of top-quality homes to choose from on the market today. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding real estate or the value of your home, please feel free to call me at (610) 427-4420.

Don’t wait to sell your home! Today, I’d like to cover my top four reasons you should sell your home now, especially if you’re already thinking about listing your property.

1. Interest rates are historically low. Take advantage of incredibly low interest rates available right now. Not only do they benefit you, but prospective buyers of your home want them as well. Keep in mind that the Fed announced interest rates should continue to rise. If that’s true, waiting could cost you a significant amount of money.

2. Home prices are stable. It’s easy to predict what your home is worth in today’s marketplace, because home values are balanced and stable. We’re not experiencing swings like we have in previous years.

3. Buyers are anxious to purchase homes. Because of the low inventory of rental properties, monthly rent payments are rising rapidly. This influences tenants to buy a home of their own, which increases demand.

4. There is currently low inventory. There aren’t a lot of spectacular properties available on the MLS within our region. It could be because it’s an election year. However, if you list as soon as possible, your property has the opportunity to shine and stand out from the rest.

If you’re thinking about buying or selling in the region, reach out to me by phone or email. I’d love to chat with you and help serve your local real estate needs!