Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
Along with all of last week’s New Year’s Day festivities came what you could call the New Year’s Frame of Mind: the familiar, this-time-of-year special consciousness of the passage of time. For most Lewes residents, all the other seasons come and go with everyone too busy tending to everyday affairs to pay much attention to the big picture: the progress (or lack of it) toward the major goals most everybody hopes to achieve.
It’s that New Year’s Frame of Mind that’s behind the impulse to make New Year’s resolutions. After all, there’s no such thing as ‘Fourth of July resolutions,’ or ‘Labor Day resolutions,’ even though a quick check of the calendar confirms they come once every year, too. Nope; it is the moment when the crystal globe slides down to the Times Square throng and old Father Time greets Baby 2016 that’s most likely to trigger thoughts of how preposterous it is that another whole yearhas gone by.
Whether or not that feels terrific is partly due to how well we’ve advanced in our individual Grand Scheme of Things…be it a self-improvement incentive (that’s why they run all those ‘learn a foreign language’ commercials in December) or long-term career growth.
For most Lewes residents, progress toward financial security is one of the larger issues that the New Year’s Frame of Mind can trigger. Right on cue, many of last week’s end-of-year broadcasts included a sobering study about the average American’s savings picture…actually, ‘sobering’ is too mild a word. As one credit guru put it, the statistics were ‘dizzying.’
The survey was credited to an outfit called GOBankingRates. They had released it months ago, but it drew considerably more attention as the calendar neared January 1 (getting the New Year’s Frame of Mind treatment). Their pronouncement wasn’t so much ‘dizzying’ as it was frightening: the lead finding was that 62% of Americans have less than $1,000 in savings!
Reassuring information was readily available, though, for anyone who did more than a quick scan of the survey. It turns out that they had asked about savings accounts only—so the headline-grabbing number left out retirement accounts and the like. As it relates to Lewes real estate investors (if you own a Lewes home, you are certainly an Lewes real estate investor), they also hadn’t included real estate equity in the ‘savings’ total. That certainly makes their scare headline less than dizzying. As the first commenter on their own website noted, ‘why keep money in a 1% savings account?’
But GOBankingRates wasn’t exclusively a source for misleadingly bad news. As compensation, they also supplied surveys of the 10 Best Tax Havens in the World (Luxembourg is #1) and 2016’s Top Resolution (it is “enjoying life to the fullest”).
Here’s hoping that our town’s 2016 proves to be a remarkably healthy, happy, and prosperous one for you and your family. And if ‘enjoying life to the fullest’ this year involves buying or selling a Lewes home, I hope you’ll give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.
One reason why Delaware real estate commentators like to offer quizzes is to make readers feel good about how much they know. Being that Delaware homeowners probably do more than an average amount of reading about Delaware real estate matters, you would expect that any real estate-themed quiz would succeed in creating that kind of warm, positive experience.
This is not that kind of quiz.
I put it together because it’s a quick way to present some of the more unlikely survey results. They are culled from recent National Association of Realtors® informational articles. The quiz may not foster warm feelings of knowledgeability, but to compensate, it’s shorter than most of those web quizzes (who has time to answer 25 questions?).
Ready? Set! GO!
1) Which of the following features is likely to slow a home’s sale:
A) Swimming Pool B) Big backyard C) Small backyard D) All the above
E) None of the above
2) Which of these is likely to help a home sell more quickly:
A) More than one story B) Superlative renovations C) Small backyard
D) Big backyard E) None of the above
3) Which of these is likely to be worthwhile for a new Delaware homeowner?
A) Extended appliance warranty B) Gardener C) Shopping for insurance
D) Improving the yard E) None of the above
4) Which of these trends are widely predicted for 2017?
A) home prices will remain stable B) home sales will decline C) average days on market will increase D) the Midwest will lead in home sales E) none of the above F) all of the above
5) Which of these is recommended for first time home buyers?
A) Less closet space than you think you need B) More closet space than you think you need C) Dining room D) No dining room E) Add a koi pond E) None of the above
Answers: 1) D. Studies show small backyards can retard sales, as can swimming pools and overly large backyards, due to maintenance concerns. 2) E. More people don’t like the hassle of stair-climbing than appreciate the exercise; big, ambitious renovations seldom return the investment; big or small backyards: same as above. 3) C) Shopping around for the best insurance offer is always wise; but appliance warranties generally don’t return their cost; paying a gardener vs. doing yard work yourself is often a financial loser (I disagree with the NAR on this one—for many busy Delaware homeowners, pro gardeners are worth their weight in gold); big yard improvements should wait until you’ve experienced all four seasons 4) E this was the easiest to guess: A) expect home prices to rise B) expect 1.9% more homes to be sold C) the pace of sales is expected to quicken D) West Coast should lead in home sales 5) A and D. The most common first-timers’ regrets are paying for too much spare closet space and seldom-used formal dining rooms. Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.