Listing Courtesy of KELLER WILLIAMS REALTY
There are two kinds of situations that homeowners looking at Bethany Beach comparables run into:
1. THE SIMPLE COMPS: Your Bethany Beach home is part of an area that’s more uniform than not, in a neighborhood where there are a sufficient number of similar houses to have produced several sales recently. Your street may not be part of a literal development with models that have near-duplicate floor plans—but the area is, in general, homogenous. When it comes to selling your Bethany Beach home, you’re in luck!
2. THE NOT-SO-SIMPLE COMPS: AKA, the incomparable situation. Your area home is one of a kind, almost totally unlike any other in the neighborhood (two bedrooms, six-and-a-half baths) or unlike any other in any neighborhood (who else has a swimming pool built into the attic?). All right, maybe your house isn’t quite that weirdly incomparable, but it’s still the case that no similar home has sold within a 5-mile radius within the last year or two. When it comes to selling your Bethany Beach home, you may still be in luck—but not because of ‘the comps’!
When your property falls into the first category, one whole part of your selling situation becomes a piece of cake because of the comparables. Bethany Beach comparables from previous sales make the ultimate, convincing case that your home has at least $X value, because the market says so. In writing. Real people have plunked down their hard-earned dollars as proof. Even better, real banks have backed them up with their also very real dollars. It’s all verifiable in the public records.
When your property falls into the second category, in terms of the comparables for Bethany Beach, it really doesn’t matter if you have the most attractive house or the best bells and whistles and bathroom renovations that will take a buyer’s breath away. If no other home within a reasonable distance has sold with a reasonable period (say, six months) that are close to the same size as yours, or if none has anything like similar features, you and your Realtor® are going to be pretty much on your own even settling on a listing price. Here’s a few lesser known reasons why paying attention to comparables is important when selling your home.
· Unique amenities won’t always guarantee a higher comparable value. If the amenities are unusual for Bethany Beach, it might make it that much more difficult to find enough comparables in your area to come up with a listing price.
· School districts factor heavily into value. You might have grumbled about paying school taxes if you aren’t sending your own children off to school, but the quality of the school district has a large influence on comparables.
· Scarcity of housing inventory in your neighborhood can be either an advantage or disadvantage. It’s a plus if the housing inventory is low due to high demand (there will be enough recent sales information to set an accurate listing price). It’s a negative if scarcity occurs because no one is buying nearby homes—and appraisers will find it more difficult to place a value on the property.
It’s my job to get your home the best offers in the shortest amount of time for either category of Bethany Beach comparables. Give me a call—regardless of which one yours falls into, we’ll discuss how we can produce results that are truly incomparable! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestate.com.
Ever tried to pin down the most popular house style in the U.S.? Turns out—you can’t.
Last week it almost seemed as if the answer was at hand. Delaware readers could have come across the ad link that promised to reveal “The Most Popular House Styles.” The come-hither promise read, “Browse our photo gallery for the most popular housing styles and types in America.”
The most likely reason for clicking would have been for Delaware homeowners to find out how popular their own home’s style is considered to be. If it’s the Most Popular of all, when it came time to sell, herds of popularity-seeking American buyers could come rushing over for a showing!
If that were the goal, the first mouse click would have dashed the hope, for it showed a photo of an unadorned two-windowed center-chimneyed home that couldn’t have been larger than 400 square feet. This first style—Number 1—was the “Cape Cod Style” home.
Since few could be persuaded that Capes are the runaway #1 Most Popular homes in the U.S., it seemed probable that the author wasn’t going to let us in on the order of popularity. That suspicion was confirmed by #2 of the Most Popular House Styles: “New England Colonial.” Pictured was a 1720 model that looked remarkably well-preserved (but not particularly popular-looking).
If you grew impatient and scanned down the page, you found “Dutch Colonial,” then “German Colonial” (a brooding hand-made brick and stone structure). Despite what the ad had promised, this was more like an Every Conceivable House Style list rather than a true Most Popular one. It was a very long page, ultimately chronicling no fewer than 57 different house styles. This was clearly not going to deliver on its promise—but the question it raised was nonetheless an interesting one. What are the Most Popular house styles in the U.S.? Actually, what is the Most Popular?
You’d think that the answer would be most likely to come from the National Association of Realtors®—but it was not to be. At least the NAR has pared the Most Popular list down to its Top 20, but heading the list is “Tudor.” I can agree that in Delaware (or in any town in Delaware), Tudors may be greatly admired. But across the whole country, they’re not likely to rank as Most Popular.
Down there at the bottom of the NAR list are three that could be serious contenders: “Midcentury Modern,” “Traditional Ranch” and “Contemporary Style.” They could be Most Popular since all three are architecturally vague—so more homes could fit the categories. An example was “Traditional Ranch,” which can have either brick, wood, or stucco siding. Even vaguer was the Huffington Post’s top pick: “Craftsman style.” Quite a few Delaware homes could qualify, since Craftsman style homes are “often bungalows but may be of any shape so long as they emphasize a relationship with nature and the craft of construction.” If you’re thinking that every house in Delaware is “of any shape” and “has a relationship with the craft of construction,” I’m with you.
Ultimately, there doesn’t seem to be a proven Most Popular house style—which may be just as well, since any style can sell quickly or slowly due to many other factors. The most popular style for any home buyer is, after all, the home that happens to appeal to him or her. Putting that buyer together with that home is how I help—and a fine reason to call me! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.