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Expert Tips for Home Buyers & Sellers

Our mission at The Home Gallery Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

How to Quiet Your Creaky Staircase

Today we’re doing things a little bit informally as I’m on the job to show you how to repair creaky stairs. 

Today we’re discussing how to get rid of creaky stairs. I’m on the job so I can walk you through this process.

Creaky steps have been a plague on this particular house for years and years. In fact, if someone goes up and down these stairs, you can hear it throughout the entire home.

We’re using a retread kit to fix this issue. The original stairs were stripped, in this case stripped of carpeting, so we could work with the bare treads. In the video above, you can see where the riser went up to on the original tread, but the creaking was coming from an old pressboard tread. So, the wood needed to be secured down to prevent squeaking. It also needed to be screwed in from the back and secured with a heavy liquid nail glue both under the face and on the back of the tread.

This isn't an expensive repair.

That process really tightened things up. As you can see in the video, I’m going up and down the stairs and it’s nice and quiet. After things are screwed, glued, and made very tight, all that’s left is putting on the top piece and the face piece.

The tread and riser kits are really pretty cool, and I have been able to find them online for as low as $39, but the total cost will depend on how much tightening work you have to do, how high-end you want your finishes to be, and how many stairs you have.

Take a look at the video to see the materials we used for our tread kit.

If you have any other questions about getting rid of creaky stairs or any other real estate-related questions, please feel free to give me a call or send me an email. I look forward to hearing from you.

What Impact Has the Presidential Election had on our Housing Market?

Despite some initial concern, the presidential election shouldn’t have any long-term major impact on our housing market. Here’s why.

I’ve been through several elections in my lifetime, and the one thing you can always count on after a controversial election such as the one we just had is everybody getting riled up over it. For a short period of time, there’s usually a great deal of concern from the half of the population who didn’t get their preferred candidate. However, eventually everyone slides back into their normal routines.

In the long term, the power of habit usually takes over.

This is because supply and demand are what determine the housing market—not who is president. Folks buy and sell homes based on life motivators and their respective financial capability. While an election may rattle consumer confidence in the short term, in the long term, you’ll find that the power of habit usually takes over. Houses will continue to be bought and sold based on familiar motivators determined by supply and demand.

Based on the initial impact of the election, not much has changed in our market. My office has still been selling homes at a rapid pace, and I think we will see a strong housing market going into the spring. We still have fairly high demand and a low level of inventory. Not only that, but interest rates are still very low.

If you have any questions or are thinking of buying or selling a home in today’s market, please don’t hesitate to reach out to me. I’d be happy to help!

How's the Delaware Market Finishing in 2016?

The year is finally winding down, so I wanted to give you a quick update on the market. Inventory is still low, giving sellers a great chance to get a great price for their house.

The fall market looks to be wrapping up for the year, so today I wanted to give you a closer look.

When you compare this year to last year, we're essentially looking about the same. Inventory is down slightly from 2,505 units to 2,437, indicating that homes are selling faster than they're being listed.

This is a good sign for sellers.

Inventory this year is still hovering around five months of supply, which is basically a balanced market. Settle volume is down slightly from 501 units to 493, which indicates that buyers might not be getting homes as quickly as they have in the past.

The market needs inventory, making now a great time for sellers.

When settle volume goes down, it's a good sign for prices. It means that there's still demand for inventory. This will continue to drive the price increase, which we've already seen go up from $226,000 to $228,000 on average.

List-to-sales price ratio is exactly the same, with sellers getting 94.7% of asking price. You should expect a few points to come off your list price, but that's been commonplace forever.

Simply put, the market is still strong this year and not many things have changed. It looks like we'll still be strong heading into the spring, too. The market needs sellers, so if you've had any thoughts about selling, don't let the weather or the season deter you. Thanks to low inventory, now is an excellent time to get a great price for your home. You have motivated buyers in the market slogging through the cold, sloppy conditions outside because they so badly need to buy a home.

If you've got any questions or you're interested in talking about selling your house, give me a call or send me an email today. I'd love to hear from you!