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Articles tagged with: lewes real estate

08June

Summer Is Coming!

On our “beach calendar,” the summer season starts on Memorial Day.  Schools still have a few more weeks of classes though and the true, official start of the season is a little later in June.  If you are looking to sell a home, now is definitely the time to make sure everything is in good shape.  Here are a few tips to consider:

1.      Price: Make sure your house is priced accordingly if you want to sell quickly. 

2.      Disclosure: When listing your house with a Realtor, you will be asked to complete a standard Delaware “Seller’s Disclosure” form.  Taking time to review and check every box will expedite your sale immeasurably and save you time and frustration once a contract comes in.

3.      Flexibility: Consider some things you may compromise on, and know the absolute lowest price you would entertain.  Also, consider negotiating housewares and fixtures that may appeal to prospective buyers, such as new drapes, custom blinds, that stylish dining room chandelier, even a new washer/dryer. 

4.      Clutter:  A spotless, clutter-free home shows best.  Remove any unnecessary papers and knick-knacks, then go back and do it again!

5.      Incentive: If you are highly motivated and your house is not garnering the attention you expect, or if there is high competition in your neighborhood, consider offering an incentive like sharing the buyer’s closing costs.

6.      Maintenance: Keeping your lawn cut and neat and allowing as much access as you can for showings will help your sale, too.  It is a little tough this time of year if you entertain family and friends, but it will help during this prime buying season. 

Lastly, and most importantly, enjoy your summer at the beach!

Posted in Lewes Real Estate News

26May

"Realtor Wanted?"

People often get interviews for jobs based on specific criteria. Then, the key to whether or not they actually get hired comes down to “fit.” Hiring a real estate agent is no different.  Homebuyers and sellers should consider a range of qualifications when selecting a realtor – and ultimately decide what matters most: Experience? Referrals? Results? Fit?

As a recent Baltimore Sun article illuminates (“Choosing the Right Agent for You,” May 19, 2013), there are many key factors to consider:  rapport, referrals, references, experience, sales volume, sales statistics, technology, photography, and listening skills.

Members of The Lee Ann Wilkinson Group are happy to share our experience with prospective clients.  Referrals and references are the cornerstone of our business.  Our website, www.leeanngroup.com, offers many of our much-appreciated client testimonials.  Each member of our team has been recognized for assisting customers, and we are grateful that buyers and sellers have taken the time to express their appreciation!

Sales volume, the number of properties sold (as buyer agent or seller agent) is an important factor for many people.  The Lee Ann Wilkinson Group leads Sussex County Realtors again for 2012 (for the 10th year) in sales volume and ranks 8th out of over 47,000 Prudential Real Estate agents nationwide.  It’s true that we are busy!  This pace actually enables us to serve the needs of more clients:  We often put buyers and sellers together quickly, based on a strong local network and real-time real estate knowledge.  Additionally, we have a strong working knowledge of most of the properties on the market and their current market value.

All members of The Lee Ann Wilkinson Group sales team - Lee Ann, Carrie Gentile, Chris Holt, Trish Irwin, Amy Kellenberger, Garrett King, Erin Marsh, Mark Robinson, and Dawn Singley – work together to make sure buyers and sellers receive quick answers and superior service.  Our office is open seven days a week.

Each of us also recognizes that homebuyers and sellers here at the Delaware beaches have many choices when selecting a real estate agent.  Buying or selling a home is a huge investment; so, just like hiring for any position, it sometimes comes down to “fit” – what matters most and who can make you feel comfortable with your purchase.  



For more information about The Lee Ann Wilkinson Group, please visit our website at www.leeanngroup.com, call us at (302) 645-6664, email us at This email address is being protected from spambots. You need JavaScript enabled to view it., like us on Facebook or follow us on Twitter. You could even stop by the office at 16698 Kings Highway, Suite A, in Lewes!

25May

Memorial Day Weekend Open Houses

Open Houses this Weekend!

Take some time to see a few great Lewes properties first-hand while the weather clears out this weekend.

Each of these properties offers unique opportunity to join the wonderful Lewes community - whether in a historic setting or premier beach location.   

  

Saturday, May 25

12-3 p.m.

2 Shipcarpenter Square

Historic Lewes (corner of W. Third Street and Park Avenue)

 

Sunday, May 26

12-3 p.m.

11 Maine Avenue

Lewes Beach (at the end of Cedar at the Roosevelt Inlet – where the Lewes-Rehoboth Canal meets the Delaware Bay)

Enjoy your long weekend and the many events in town!

Posted in Rehoboth Real Estate News

04May

Buyer's Market, Seller's Market, Farmer's Market

All of our local markets are blooming this year!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It is the season of "market" speculation.  Excitement is building for local businesses, home sellers, even local growers. To get ready for summer, I am still looking at several main factors:  low housing inventory and local new construction trends. (I won't try to predict the weather!)

 

Taking Inventory

Industry speculation is consistent with what's happening locally and “inventory” is the buzzword.  Nationally and locally, inventory levels are historically low.  "Inventory level” means the time it would take to sell all of the homes currently available for sale.  The National Association of Realtors (NAR) considers six months to be the norm.  As of January 2013, however, NAR data put inventory levels closer to 4.2 months – which is the lowest rate nationally since April 2005.

Our local market definitely supports this low inventory scenario.  To put this information context, in my office at The Lee Ann Wilkinson Group of Prudential, Gallo Realtors, actual property sales increased 43 percent and the total dollar value of these sales increased nearly 33 percent last year.  Buyers are still cautious and believe it is a “buyer’s market.”

The market is actually evening out – which means buyers will need to be more open to negotiation.  We have even seen a noticeable increase in multiple offers on properties (especially in-town Lewes).  We even had a home listed, shown and sold - in the same day!

Here are a few key points to remember: 

  • We are not going from a low market to a high market in one step.  We went down in steps, so we will have to go up in steps.
  • Appraisers are required to use no more than the past 6 months sold comparable properties to determine a value today.
  • If you want to sell your house now, you need to sell it for what it is worth now.

 

If You Build It

Another major component of this season’s beach real estate trends is new construction.  My office has seen an increase in the past month in inquiries from developers and builders that want to start projects.  In its March 1, 2013, press release, the U.S. Census Bureau put January 2013 seasonally adjusted construction rates at $883.3 billion, or 7.1 percent above the January 2012 estimate of $824.7 billion.

While new construction may be on the rise in general, I feel strongly that the biggest segment to dry up here at the beach will be individual single-family home lots with no builder tie-in (ones for which you could hire any builder to build your custom home).  As fewer lots are available, prices will rise.  If you are a buyer who wants to build a custom home, my best advice is to buy a lot soon.

In addition to the low inventory climate, our area business owners are anticipating a busy summer.  Hopefully the national economic forecast and seasonal weather forecasts will align for a great summer season!

 

"Market Growth"

Of course, another market consideration is next weekend's opening day for the Historic Lewes Farmer's Market (Saturday, May 11)! Join just about everyone in town at The Lewes Historical Society between 8 a.m. and noon next Saturday. As far as projections for that market - it's an easy one to call: it will be exciting for buyers and sellers, and a great kick-off for summer!

 

Lee Ann Wilkinson is the top-selling REALTOR in Sussex County for 2012.  Find more information about The Lee Ann Wilkinson Group of Prudential, Gallo REALTORS at www.leeanngroup.com or by calling (302) 645-6664.

26April

Weekend Plans?

Open Houses!

Beautiful weekends at the Delaware beaches call for open houses!

So, how helpful are open houses?

· Have you ever bought a house after visiting an open house?

· Have you ever sold a house through an open house?

Regardless of the answer, even in today's "virtual world," open houses are still a common step in the home buying process.  Many buyers look to open houses for information, especially older (or shall we say "more mature") couples that have bought a home before (according to the National Association of Realtors 2012 Survey).

Open houses…

1) allow buyers to see houses/potential comparable properties first-hand

2) serve as another marketing boost for sellers

3) allow buyers the chance to meet a Realtor and ask questions

If you have considered a home in the wonderful Paynters Mill community in Milton, this weekend offers a perfect opportunity to see three properties.

Weather is looking great to get out and see these properties for yourself!

 

Saturday, April 27, 12-2 p.m.:

Paynters Mill, Milton

16667 Howard Millman Lane

16359 Abraham Potter Run - Unit 206

16277 John Rowland Trail - Unit 1603

Sunday, April 28, 12-3 p.m.

11 Maine Avenue, Lewes Beach

For more information about these great homes, or any other property at the Delaware Beaches, please contact The Lee Ann Wilkinson Group by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at (302) 645-6664.  

Like us on Facebook and follow us on Twitter, too!

Posted in Lewes Real Estate News

07April

Warming Trend

In the Delaware Beach Real Estate Market

When it is 50 degrees one day and 70 the next, it must be spring! Can our local real estate market warm up as quickly?  Judging by 2013 activity so far, our forecast is definitely improving.

“The bidding wars are back,” proclaims CNNMoney (April 5, 2013).  Especially in metropolitan areas like New York, Boston, Washington, DC, and cities throughout northern and southern California, sellers are receiving multiple offers on properties.

This national trend is largely a result of an imbalance between buyers and sellers (a much lower than normal number of houses for sale). Additionally, buyers want to take advantage of current low mortgage rates. While spring is usually a popular time for sellers to list homes, this seasonal bump may not balance the scale.

Delaware beach housing inventory levels remain lower than usual, as well.  Demand is exceeding supply, which is creating buyer competition.  Locally, we are seeing a continual rise in multiple offers - especially for beach homes that are priced right and for vacant lots in Historic Lewes.

While the term “bidding wars” may be strong, Delaware beach homes are definitely becoming hotter properties!

Contact The Lee Ann Wilkinson Group of Prudential, Gallo REALTORS for more information about the Delaware beach real estate market and properties in Lewes, Rehoboth Beach, Milton, Dewey Beach, Bethany Beach, and towns in-between.  Call us at (302) 645-6664, email at This email address is being protected from spambots. You need JavaScript enabled to view it., or visit us online at www.leeanngroup.com.

Posted in National Real Estate News, Local News and Information

07March

After the Rain

Check your home for storm damage

Home Sellers (and everyone!): Check your Home for Storm Damage

Yesterday's crazy weather brought big rain and wind storms that damaged houses throughout the Northeast. After any "weather event," home sellers should take a close look at their properties for storm damage and make repairs.

When we experience a powerful storm, it’s a smart idea to check your roof for any damage and ensure there are no missing shingles or cracks around any skylights the home may have. Climb into your attic and look for discoloration of the decking or plywood surfaces.

Also look for light penetrating from around plumbing vents or the chimney, indicating that your roof’s flashing needs repair.

Next, inspect your rain gutters for damage and clear them of leaves and debris. BE CAREFUL on any ladders!  Look for holes, cracks or sags; all three can be easily fixed by a homeowner. (To fix a small hole, first use an abrasive pad to clean the area, then cut a piece of gutter material slightly larger than the hole. Using a stiff brush, spread gutter-repair compound around the hole and place your patch over the top. Cover the patch with another layer of compound to ensure a good seal. To repair minor sags, simply add a new hanging bracket to the sagging area or replace the compromised existing bracket.)

Pay particular attention to areas of your home near trees and shrubs. Limbs can play havoc with your roof, siding and stucco in heavy winds, and can come crashing down under the weight of snow. Prune your trees and shrubs to ensure their health and to safeguard your home.

Finally, be sure to inspect your windows, fencing, decking, which also take a beating in storms. Seal and repair any damage.

Sometimes storm damage is unavoidable. But making quick repairs can help ensure your home is safe, sound, and ready for sale.

 

Posted in Local News and Information

14February

Looking at 2012

Superior Service, Data-Driven Results

I always find value in looking at the big picture.  Further, my priority remains to provide useful information for both buyers and sellers.  One way I do both is by preparing my annual statistical newsletter.  At a glance, you can see our local market trends: the real estate transactions in our area over the past year, the significant Prudential Gallo market share, along with the list price, sale price, and number of days on the market for each property. 

I can't stress enough how grateful The Lee Ann Wilkinson Group is to our clients for making 2012 another remarkable year.  In fact, it was my best year ever as a Realtor in terms of number of transactions (representing buyers, sellers, or both in the same sale).  My team brought together 270 buyers and sellers, which is a 40 percent increase over 2011.  Actual property sales increased 43 percent and the total dollar value of these sales increased nearly 33 percent.  I credit this success to my team’s collective experience, intuitive knowledge of the area, and unparalleled dedication to customers.      

As many of you already know, 2013 is starting out strong and average home prices are inching up.  It may take a little while to get to more significant price increases; however, the relatively low inventory continues to increase prices.  If I were a seller (which I was last year!), I would have renewed confidence that 2013 is on the right track.  If I were a buyer, I would strongly consider making a move this year, before prices and interest rates rise.

Take a look for yourself - and as always, let us know if you have any questions about the value of your property.

Posted in Lewes

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Lee Ann Wilkinson and Mark Robinson were great - proactive and helpful even after the sale!
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