17768 Pimlico Road, Milton, De 19968 | $330,000

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Property Details

BETTER THAN NEW in the serene community of Bridlewood! Why wait for new construction? Situated on a spacious 3/4 acre lot, this home features a split floorplan & newly finished 2nd floor bonus room with space for additional bedrooms. The first floor
  • MLS Number: 726442
  • Status: Active
  • Price: $330,000
  • Property Type:
  • Area: Broadkill Hundred
  • Community: Bridlewood
  • School District: Cape Henlopen
  • Square Footage: 2,800
  • Year Built: 2015
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $1,331
  • Association Fee: $250
  • Furnished: No
  • Lot Square Feet: 32,234
  • Lot Size Acres: 0.74
  • Lot Description: Cleared
  • Water: Well
  • Sewer: LPP Septic

Interior Features

  • Kitchen: Countertops - Granite, Eat In, Kitchen/Dining Room Combo
  • Heating: Heat Pump(s)
  • Cooling: Heat Pump(s)
  • Flooring: Hardwood, Tile
  • Attic: Other See Remarks
  • Security: Security System
  • Appliances: Dishwasher, Disposal, Fridge w/Ice Maker, Garage Door Opener, Microwave, Oven/Range Electric, Washer, Water Heater Tankless
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), Insulated Door(s), Insulated Window(s)

Exterior Features

  • Style: Coastal,Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Deck - Rear, Porch - Screened

Listing Courtesy of JACK LINGO REHOBOTH

Rise in Delaware Real Estate Prices Cause Dominos to Rise

That Milton real estate prices have been on the rise for a while is certainly one factor that has coaxed some of the more cautious buyers off the sidelines. It’s made the market a much more lively (and happy!) place than it was a few years ago—and forecasters are fairly uniform in predicting continuing growth, though at a less overheated pace.

For those who are even more cautious, the question remains whether property values and the Delaware real estate prices that reflect them are likely to hold up over the long haul. They may know that, historically, homeownership has proven to be one of the most reliable investments, but the memory of that financial meltdown from a few years back can be hard to get over…

They may be taking heart from an article I ran across earlier which is bound to boost confidence in the future of Milton’s real estate prices. It was in a weekday edition (February 4) of The Wall Street Journal. Stretching all the way across the top of the U.S. News page was this headline: “Homeowners Acquire a Taste for Remodeling,” over the subhead “Projects Pick Up, to the Tune of $130 Billion in 2013, as Property Values and Equity Rebound; Sign of Market Confidence.”

The article had the expected chart and graph supporting the Journal’s optimistic takeaway depicting “Building Momentum.” Too, there was an illuminating quote from Moody’s Analytics. Moody’s reported an 18% leap in home equity lending—further evidence of the strong rise in home values (banks lend against equity, after all). That, WSJ pointed out, is the root of the steep increase in remodeling activity, because when people have confidence in underlying values, they decide it is worth investing in upkeep and improvements.

Its cause and effect—sort of like a domino chain, but in reverse. The first domino picks itself up, attracting the second, and suddenly all the dominos are back upright.

The Journal summed it up: “If home prices are going up and people have more equity in their home, things like remodeling and refurbishment will do well, because it’s effectively the way of playing the reinvestment game.”

For Delaware contractors and tradesmen, this is a game they’re happy to see resume. And for cautious prospective homeowners who’ve been watching from the sidelines, it’s a good reason to give me a call. Milton real estate prices look like they still have a way to go: there are some great bargains out there!

Savvy shoppers; don’t sit on the sidelines, call/text 302-228-7871or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and  waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.

For Sale by Owner Can Be Risky Business!

When you determine to sell your house, one of the first choices that comes up is tactical: do you try to sell it yourself as a Milton “For Sale by Owner” property—or do you enlist a real estate agent? Since your object is to maximize your profit, you might think that most thrift-minded home owners would decide to eliminate the agent’s commission and do the work themselves. But that’s not the case.

The majority of sellers ultimately team up with a Milton real estate agent. Sometimes they go the For Sale by Owner route first, but after testing that method, change courses. The statistics show that the selling price of Realtor®-assisted home sales is higher (a $40,000 difference, according to the latest study) which certainly would explain part of the reason. But other factors come into play, too:

  1. Pricing:  If you aren’t immersed in Milton’s real estate business five to seven days a week, there’s no way you can have the intimate knowledge about the current market that comes with daily work in the field. A real estate agent comes armed with extensive knowledge of the local market and all the changes that have brought it about. It’s extremely important to price your home correctly to sell it on the first go-round. It’s a demonstrated fact that the longer a home sits on the market, the lower its final sale price. 
  2. Time and Energy:   A Milton For Sale by Owner sign in the front yard means you are in charge, 24/7! That’s despite any other demands on your time—for example, your job! One of the benefits of using a real estate pro is that selling your property is our singular focus: our job! It means marketing, networking, working with buyers. Doing whatever it takes to get your house sold is our first priority. Lacking the same kind of time and resources, a For Sale by Owner seller is at a clear disadvantage in the competition to sell houses. It’s a marketplace where one missed buyer can mean the difference between a listing that turns into a sale…and a listing that turns stale.
  3. Objectivity:   The house is yours: you designed or decorated it; you’ve fixed and painted and mowed and swept it. If you took your work seriously, you feel at least some pride in how it’s presented. Unfortunately, that’s a problem. Lacking objectivity in the sales milieu can be one of the biggest hindrances to actually selling your house. It makes it hard for you to negotiate—to see and acknowledge the flaws a buyer sees. And it can make buyers wary of even wanting to negotiate with you in the first place. Either factor can prove costly. Separating owner from sales agent opens communication. It’s a relief for everyone!
  4. Paperwork:   This is the most obvious point. If you choose to wade into the paperwork/deadline process yourself, you’d be wise to count on needing a bit of extra attention from a good real estate attorney—if only to avoid potential litigation down the line.
  5. Security:   It’s unfortunate, but putting your house up For Sale by Owner in Milton (or anywhere) can make you a target. Less-than-honest folks are out there—creeps who may specialize in sellers who might not follow the proper measures for letting people into their homes.

If you are looking into selling your own home this month, I’d like to offer you a complimentary property evaluation. Whether or not you decide to go the Milton For Sale by Owner route, it’s sure to be well worth discussing what to expect from today’s market!