Feeds:
Posts
Comments

Archive for the ‘“Realtors in Delaware”’ Category

Ryves Holt House c. 1665

Reyves Holt HouseIt is believed this dignified shingled home (now used as a local shop) on Second and Mulberry Streets in Lewes is the oldest in Delaware. Built by early Dutch settlers (after the destruction of the ill-fated Zwaanendael colony,) it has been dated to 1665 through wood boring analysis taken from beams used in the structure. This residence is known to have been standing on its present site in l685. At one time, this home was a colonial inn, and this is the house to which Ryves Holt came in 1721 (and subsequently purchased in 1723) when he arrived at Port Lewes. Holt (1696-1763) became the Naval Officer of the Port and was at one time the Sussex County High Sheriff. Along with other appointments and offices, Holt was made the first Chief Justice of the Supreme Court in The Three Lower Counties on the Delaware River in 1745 and served in this capacity until his death. After Ryves death, Commodore Jacob Jones lived in the house. Following the death of his mother, his father married a daughter of Ryves Holt. Commodore Jones won acclaim when his ship WASP captured the more heavily armed British warship Frolic during the war of 1812.

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

tanglesTired of waking up with matted and tangled hair? Do you end up with more hair in your brush or bathroom sink than on your head? There really is a simple solution to decrease those nasty little hair knots and dryness that leave your perfectly coiffed hair less than admirable.

Chances are, you sleep on a cotton covered pillowcase at night and never gave it a second thought. However, cotton tends to wick natural oils from your hair leaving it dry and maybe somewhat itchy. The friction action between your hair during sleep and the pillowcase can really wreak havoc on your hair so in the morning you end up with a tangled mess that’s difficult to correct. You look with horror at your hairbrush eachHair-Brush-Full-of-Hair morning as more and more of your hair ends up in the sink. You may think it’s just the natural aging process, and of course some of it is, but there’s a way to slow down the hair loss problem.

silk

So, what’s the solution? Step away from the cotton pillowcase and slip on a Silk or even Satin pillowcase. Silk is a natural fiber where Satin has a blend of natural and manmade fibers, but both work equally as well. The friction between your hair and the pillow during night sleep will be greatly reduced, thus reducing the tangles. You’ll not only get a better nights sleep, but your hair (and brush) will thank you. And as an added bonus, if you tend to get facial ‘pillow wrinkles’ at night, they’ll be diminished as well.

The second thing to do is spritz a bit of leave-in conditioner in your hair after youMiracle_Leave_In_Plus_Keratin_10oz shower each day. We tend to wash and condition our hair, then dry. Best to stay away from heat drying when possible. When we rinse out after showering, we also rinse out the conditioner, leaving our hair unprotected and often times looking dry and lifeless. Spritz a bit of leave-in conditioner after showering and maybe even a bit at night before turning in.

Use this simple trick to reduce those unsightly hair tangles and let your hair shine like when you were in your 20’s. Hey, we all want to look our best and what a simple way to look refreshed. You’ll love the way it looks on you!

 

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

 

 

 

Read Full Post »

Originally the tribal lands of the Lenni Lenape tribe, subsequently purchased by then LW4English claimed land in 1700 by George Pierce, and ultimately acquired by Pierre duPont in 1906, Longwood Gardens in Kennett Square Pennsylvania has grown into a mecca for thousands of annual tourists flocking to witness the magnificent splendor of Pierre’s vision.

Although today’s garden has scant resemblance to Pierre duPont’s farm which was in rack and ruin when he purchased it in 1906, the rebirth into what today could be considered one the most glorious gardens anywhere, is nothing short of spectacular.

LW6Each year and with each season, Longwood Gardens continues to delight visitors of all ages and from all over the world. With a nearly $50,000,000 annual budget, 1300 employees, students, and volunteers, Longwood is a special treat to those that visit and work there.

The long range plan of the Gardens to is perpetuate itLW5 as a destination garden spot to ensure continued enjoyment for generations to come. This holiday season, Longwood again celebrated in it’s usual fashion with lights, sites, and sounds. If you are a horticultural enthusiast or just love a grand garden, then Longwood Gardens should be your go-to place.

 

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

There is some confusion amongst home buyers with regards to the terms; mobile home, manufactured homes, class-C manufactured homes (or class-C homes,) and modular homes. So, let’s take a brief moment to look at each of these homes and hopefully bring you some clarity.

Mobile HomeA mobile home, manufactured home, and a Class-C home all start out the same way. They are built in a factory on a metal structured frame. The distinction between a mobile home and a manufactured home is only in the year in which it was built. Any built prior to  June 15, 1976 is referred to as a mobile home, and those built after that date are referred to as manufactured homes.  The exact same model home could be built on the same assembly line, but the one built on June 15, 1976 would be called a mobile home, and the one built on June 16, 1976 would bedoublewide referred to as a manufactured home. Mobile homes and manufactured homes are both regulated by the Housing and Urban Development (HUD) division of the federal government. With a mobile home or a manufactured home, each is delivered with an identifying tag, not unlike your automobile.  If the home happens to be a double-wide home, then there are two tags; one for each half.  A mobile home and a manufactured home are considered personal property, just as your automobile is and a DMV title is provided showing ownership.

class-cNow, there is a special classification, referred to as a class-C home.  A class-C manufactured home is one in which the DMV title has been surrendered, the wheels and tongue have been removed, and the home has been permanently fixed to a foundation, just as if it had been built on the spot. Once a manufactured home has the designation of being a class-C home, it is then considered real property and not personal property.  If you are considering a class-C home, always be sure the owner has followed through with surrendering the DMV title. It may be on a permanent foundation, but if they did not surrender the title, the county will still considered it to be a manufactured home.

modularThe real confusion lies with a modular home. Many people confuse a manufactured home (and class-C homes) with a modular home. They equate the two as being the same, and they are not. A modular home is a stick built home, but built in a factory in modules, or sections.  Modular homes must conform to International Residential Codes (IRC) standards the same as if a bundle of wood was delivered to a building site and erected. A modular home is delivered by truck, the modules put together, and set on its permanent foundation. The roof trusts are then installed. Modular homes are considered real property as soon as it is affixed to the foundation. In many ways, a quality built modular home can be better than an on-site stick built home since the construction process is all under roof with temperature controlled environments. Costs can be held down since all materials are available at the factory, and labor cost are held down as well.

So, hopefully you have a little clarity between mobile homes, manufactured homes, class-C homes, and modular homes.

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

Absorption rateWhen selling a home, most sellers want to know, how fast will it sell? While there’s no certain way to know for sure, but there is a way to determine what market data indicates when it should sell. This market data is referred to as absorption rate. Always ask your Realtor what the absorption rate is for your neighborhood. (This can be a good clue to you if your Realtor® really has their finger on the pulse of your market.)

So, what is absorption rate? It’s really not a mysterious market factor and it’s not difficult to calculate. The absorption rate should tell you the approximate length of time it may take to sell your home (assuming of course your home is market priced.)

The first thing to do is count the number of active homes on the market in your Calculatorneighborhood. Let’s say there are 10 homes on the market right now. Then select a time reference; let’s say 12 months. Take the number of homes sold in the past 12 months and divide by 12. That’ll give you the average number of homes that sell in a 30-day period. Take that 30-day average and divide by the number of active homes on the market. That result is the absorption rate.

SOLDSo, for our example of there being 10 homes for sale in your neighborhood, and let’s say there were 24 homes that sold in the past 12 months, then following our equation; 24÷12= 2 homes sold every month (as an average.) Now, take the 10 homes on the market and divide by 2. Your answer is 5, so in this case it should take 5 months to sell your home. And the rate is 20%, meaning 20% of the homes will sell every month.

As a seller, you want to be sure you’re priced to be the next sale, not the last. Don’t forget, always ask your Realtor® what the neighborhood absorption is.

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

 

 

Read Full Post »

Selling your home can be a stressful time and when your home does not sell in the timeframe you thought it would, many homeowners begin to want to point a finger and lay blame on someone. Most times, that ‘someone’ is their Realtor. When I ask previous sellers about their prior experience; what did the buying public say about your home, what suggestions for selling did your prior Realtor give you to make it more marketable,? etc, most times the subject of price never comes up.

We always have heard ‘location, location, location’ as the mantra for selling a home. But truthfully there are three things that sell a home; location, condition, and the true king of selling- price! Of course you can’t do anything about your location. It’s not like you can pick up your home and move it to a more desirable neighborhood. The condition of your home is something you may have some control over depending on your ability to lay out some cash for painting, new carpet, upgrades such as hardwood, granite, new lighting, new roof etc. Many homeowners do not have ready cash for this, so that limits their ability to control condition. But, the biggest ticket item when selling is price. The seller has practically total control over that facet.

There is a common misstep with homeowners when deciding on their list price. “I’ll price it at the top, or over the top of the market, and I’ll negotiate with a buyer.” The problem with this is that most buyers will not even look at your home if they feel you are not market priced. Most Realtors look at overpriced homes and caution their buyers against it, not knowing you’d negotiate. I try to use this simile with sellers. If you went to a car lot and looked at three similar autos; two being priced right, and the third being overpriced, why would a buyer be interested in the overpriced auto? Of course the answer is, they wouldn’t. As a homeowner, you’ve got one asset to sell, but buyers have a lot of homes on the market to select from, so why not make your home competitive? When everyone around you is selling, and your home is still there, perhaps it’s your asking price. It’s always best to price it right upfront. Your goal is to get your home sold, not just list it.

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

Borrowers often want to know what credit factors are considered when determining their credit worthiness. Here are the main factors and should help you when trying to decide if you are eligible for a home loan:

mortgage3Payment history

Your payment history comprises 35 percent of the total credit score and the most important factor in calculating credit scores. According to FICO, past long-term behavior is used to forecast future long-term behavior.

FICO keeps an eye on both revolving loans – such as credit cards – and installment loans, such as mortgages or student loans.

One of the best ways for borrowers to improve their credit score as a whole is by making consistent, timely payments.

Credit utilizationmoney

Credit Utilization is the percentage of available credit that has been borrowed. This factor makes up 30 percent of you total credit score. Since FICO views borrowers who habitually max out credit cards – or who get very close to their credit limits– as people who cannot handle debt responsibly, a borrower should maintain low credit card balances. FICO says people with the best scores tend to have an average credit utilization ratio of less than 6 percent, with three accounts carrying balances and less than $3,000 owed on revolving accounts. Credit utilization is measured individually by card and also across multiple cards.

As you can see, the first two factors make up nearly two-thirds of your total score. So, if you pay your bills on time and don’t carry big balances, you’re two-thirds of the way toward a good credit score. The final credit score pieces can move you from a good score to a great one.

marketLength of credit history

Length of credit history– the length of time each account has been open and the length of time since the account’s most recent action – is 15 percent of your total credit score.

It’s impossible for a person who is new to credit to have a perfect credit score, but it doesn’t necessarily take long to achieve a high score. A longer credit history provides more information and offers a better picture of long-term financial behavior. Therefore, to improve their credit scores, individuals without a credit history should begin using credit, and those with credit should maintain long-standing accounts.

“Those who don’t have a long credit history can still have an excellent FICO score if they have no missed payments and low utilization ratios,” Lee said.

New credit and credit mixpercent

New credit and credit mix each comprises 10 percent of your total FICO credit score.

Even those new to credit should avoid opening too many credit lines at the same time, since such behavior could suggest they are in financial trouble by needing significant access to lots of credit.

New accounts will lower your average account age, which will have a larger effect on your FICO scores if you don’t have a lot of other credit information. Credit mix, meanwhile, is somewhat of a vague category, but experts say that repaying a variety of debt products indicates the borrower can handle all sorts of credit. According to FICO, historical data indicates that borrowers with a good mix of revolving credit and installment loans generally represent less risk for lenders.

Knowing the various weights given to components of a FICO credit score gives borrowers a better idea where to focus their attention. So, how does your credit stack up?

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

MT4It’s that time of year again. The festivities, the lovely Christmas tree, wreaths, brightly  wrapped presents under the tree awaiting eager eyes and shouts of glee. But there’s another Yule decoration that we often see; Mistletoe. Ever wonder what this mysterious plant is and where it comes from? We know the traditional  and seemingly obligatory doorway kisses whilst standing under this greenery sprinkled with white berries. It’s been a staple of the Christmas scene for many decades, many generations. But what is this odd plant?

Mistletoe is a fairly common plant, but is not grown in hot houses and generally is not MT1found just lying about. No, if you want to see Mistletoe in nature, you have to look up, way up. This time of year when the trees seem barren, you may notice clusters of green plants that seem to hang perilously amongst the treetops and stand out against the stark naked branches. Those clusters of green is Mistletoe. Worldwide, there are well over 1300 species of this plant, north America being home to some 30 species. Mistletoe is generally characterized as a parasite to its host tree. I know, parasite seems like such an unappealing word, but biologically, that is what it is.

MT2When a Mistletoe seed finds its way to a suitable host such as a tree branch, it sends out roots that pierce the bark and begins to draw water and nutrients from its unwitting host. They produce energy through plant photosynthesis, not unlike any other green plant. Mistletoe grows in rather unkempt shapes, often reaching 50 pounds and sometimes 5 foot in expanse. Mistletoe has white berries and each berry contains one very sticky seed. These berries are toxic to humans (so don’t be tempted to taste them) but animals in nature find them to be a go-to food source when other sources of nutrition are scarce. When a seed explodes, they launch into the air and stick to unsuspecting birds that then get redeposited to other locales. The launch of the exploded seeds can initially race to 60 miles per hour and to an average of 50 feet in any direction, so their ability to spread is fairly easy.

The tradition of kissing under he Mistletoe began in the 1500’s in Europe and in SONY DSCWashington Irving’s 1820 book, Christmas Eve, he referred to it. Back then, and traditionally now, each time a kiss was stolen under the Mistletoe, a white berry was removed and once all the berries were gone, the sprig’s kissing power dissipated as well.

So now you know. The little obscure plant,  Phoradendron species, is a prolific little sprig that is really all around you, just look up. Happy Christmas smooching!

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

As reported in Forbes Magazine, Oct 10, 2018;

Top Three Causes Of Competitive Markets:

1. Demand for real estate investment deals is greater than the supply. There are more people buying than selling investment properties at a discount. The adage of supply and demand is in full swing.

2. Prices have risen so high for on-market properties listed with agents that it leaves very little equity to make a profit. On-market properties listed with agents are the easiest2 deals to find, which means they will also have the most competition.

3. Properties are being sold for higher than the as-is value. Investors are overpaying for the properties, or owner occupants are buying fixer-uppers and are willing to do the work themselves to get into a home at a lower price.

All of these can cause a seller’s market. This is very typical of East Coast, West Coast and major metropolitan markets, where the real estate market has been increasing for five to 10 years, like we’re seeing right now. We’ll stay in a seller’s market until people are no longer willing to overpay for properties or there is a big economic change, like an interest rate hike or something similar to the mortgage meltdown of 2008.

The real estate market cycle will most likely change when the average middle class worker isn’t able to afford to overpay for a home or the mortgage payment anymore as wages and income are not increasing at the same rate property prices are increasing. This is where most of the larger markets are headed right now.

So what can investors do now to continue to find good deals and profit in real estate?

There are two options, and you can choose one or the other or do both.

1. Dig deeper and start outbound marketing to find deals direct from homeowners instead of relying on listed properties.

14Although you should never discount the full throated value a Realtor® can bring to the table, direct mail is great way to reach off-market properties. Send owners a letter to let them know you are interested in buying their house. The downside to digging deeper in your hot markets is it will cost you some advertising dollars to find off-market properties.

On the plus side, the properties you do get, you’ll be able to flip at a premium because you’re in a seller’s market. You most likely will not be able to buy and hold properties in these markets, nor would you want to because the cash flow will likely be negative, and the risk of the property falling in value over the next few years is very high.

2. Start locating properties in virtual markets outside of where you live that have less competition and more deals available.

Properties in the Midwest markets typically have good positive cash flow. The risk of the properties falling in value is very low because these markets typically do not have high appreciation and depreciation cycles like the coasts and major metro areas.

It leaves all your investing options open for you to explore wholesaling, creative financing, rehabbing, buy-and-hold and/or passive real estate investing (i.e., private marketlending). You won’t see the massive price appreciation in these markets like you see on the East and West Coasts, which I see as a benefit, as it creates good diversification for your investment portfolio.

Now is a good time to sell any properties you’re holding in seller’s markets and move those investment dollars to Midwest markets, where you can buy many more assets to get greater cash flow while minimizing your risk. Wait a few years for the prices to fall in the seller’s markets, and then move your money back into those markets to buy at the bottom and ride the next cycle back up to the seller’s market. This is effective for both single-family and multifamily properties.

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300

Read Full Post »

When you decide to sell your home, there are a few easy and inexpensive ways to give it a little more pop and appeal. You’ve heard before, great kitchens are a vital attraction to today’s home shoppers. Kitchens are more than just the space for meal preparations, they are gathering spaces and great entertainment rooms. In fact, the kitchen may be the 9most important room in your home as far as home buyers are concerned. But what if your on a short budget and can’t afford a complete kitchen re-do? Luck for you, there are simple ways to get an updated look that buyers will love.

Update your hardware: Outdated cabinetry hardware can make your kitchen look dated and old. Give your cabinets a face-lift by replacing your cabinet and drawer pulls. Oil-rubbed bronze and brushed nickel are still the top choice for home buyers, and are also the most affordable, but be sure to match all the hardware with the same types, don’t mix and match them. 

28Add a tile backsplash: A quick way to add a backsplash without the expense of remodeling is by using adhesive tile mosaics. You can find almost any tile look you want in this tile application. Super solution for lower to mid-range priced homes.

Refresh the dingy grout: If you already have a tile backsplash, you might need to revitalize the grout. Dirty grout is a major turn-off for home buyers. Whether it’s a good cleaning or new application of grout, this little detail can go a long way. Dirty grout is very noticeable and really can’t be hidden, it’s on full display (like dirty windows.)

Paint the kitchen island: We love the look of a painted kitchen island. This is a clever fix when you don’t want to paint all of your kitchen cabinets. The top colors for 8d1c39cdc016bd2c9ae71a45e89c6f6e--painted-shaker-kitchen-shaker-kitchen-islandpainted kitchen islands are navy blue, gray and black. Don’t use trendy colors or bright colors that shock the buyer when they see them.

Hope these simple tips help. Now get it sold! And yes, it’s always helpful to have an expert Realtor® at your side.

 

 

Thomas Schoenbeck, Keller Williams Realty, Lewes DE (302)360-0300(o) (302)632-7407(c)

 

 

Read Full Post »

Older Posts »