What a great question Bob –

“How do you price a home a few years old in a community that is still selling brand new homes?”

First, think about SELLING when you BUY!

None of us knows what tomorrow will bring so when you are buying in a new home community, here are a few tips:

Do not scrimp on upgrades.

Buyers will not consider your home if you do not have (more…)

There is so much new technology introduced every day to help you find your next home. Sometimes I wonder – what technology do you use? For example:

• Do you use a Smartphone?
• Is your Smartphone a Blackberry or an iPhone or Android device?
• Have you ever scanned a QR Code? If you saw one on a For Sale sign, would you scan it to get more information?
• Have you upgraded to an iPad or other tablet with all the bells and whistles? (more…)

The Peninsula on the Indian River Bay is one of Coastal Delaware’s most beautiful resort properties. Last year when Bill and I were homeless, waiting to move into our new home in Lewes, we were thrilled when good friends told us we could stay at their condo at The Peninsula. If you are new to this blog, you may have missed all the great photos I posted during that time. View Peninsula photos!

The Kingfisher

There are more choices than ever at The Peninsula and the latest addition is the new Coastal Series from Schell Brothers. Just introduced are 6 models in the Marina Bay neighborhood starting at the unbelievable price of $499,900 for The Kingfisher, one of the most popular new models from Schell. In fact, this price is lower than the Base Model price for the same home at Breakwater in Lewes, Delaware. The Spinnaker is priced the same at Breakwater and The Peninsula, and The Beach Plum introductory price is actually $30,000 less! The New Model pricing may not stay this low for very long, so if you have always wished you could afford an elegant single family home at The Peninsula, you should Email Kathy now!

Remember, The Peninsula is the only true gated community in Coastal Delaware. It also features the private Jack Nicklaus Signature Golf Course and amenities that are unmatched in this region.

I am not an Appraiser, but I just completed 99 hours of Broker training and we spent days studying the methods an Appraiser will use to verify the market value of your home.  In today’s market Buyers are buying the way Appraisers are appraising and very few are willing to pay more than appraised value for your home.

How do you price your home to sell in this market?

First, you sit down with your Listing Agent and review recent sales of comparable homes. Then, you have to be willing to listen and price your home properly. What is your choice? Either price your home to sell or decide to stay where you are for now.
In a slow market, what do you do when there have been no comparable sales in your neighborhood or surrounding area? That’s the challenge facing many sellers and their listing agents today. Learning more about how Appraisers do their job can be useful. (more…)