tr?id=1544995695800423&ev=PageView&noscript=1 Local News and Information - Lee Ann Group

Local News and Information

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

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