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Carolyn Roland- In Delaware and S. Chester County PA
Selling older and historic homes in New Castle and Kent County Delaware, and Southern Chester County, Pennsylvania since 1987.
Cell: (302) 593-5111
Office: (302) 239-3000
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Real Estate Agent
Letitia Stevenson
Letitia A. Stevenson, REALTOR®, Listing Agent - Licensed in DE, PA & MD Affiliated with BHHS Fox & Roach REALTORS® | Certified Negotiation Expert (CNE) | Success Coach | Home Marketing Consultant
Office: (302) 426-4426
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All About Delaware Real Estate

By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
  With shopping, family get-togethers, and festivities, the Christmas season frequently seems like a hectic time of year. However, did you know that it's also the ideal time to begin getting ready for your next house purchase? Despite the widespread belief that the housing market slows down over the holidays, there are some special benefits for potential purchasers who are prepared to take a step back and make plans for the future. Here are some reasons to begin your 2025 home hunt during the holidays. 1. Less Activity There are still opportunities even though the home market tends to slow down in December. Actually, there is less competition over the holiday season because fewer buyers are actively looking for properties. If you want to take your time and plan your next actions without...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Do you want to buy a house but feel like practically everything is out of your price range? The problem is this. Even when affordability appears to be a major obstacle, there are still ways to become a homeowner, and one of them may be with a fixer-upper home. Let's examine why purchasing a fixer-upper could be your opportunity to become a homeowner and how to make it work.What Is a Fixer Upper?A fixer-upper is a house that requires some renovation but is still livable. Each home will require a different amount of work; some may need more major repairs like replacing the plumbing or the roof, while others may only need cosmetic changes like new flooring and wallpaper removal.Based on local market value, these homes are usually less expensive because they require some work. Fixer-uppers ...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Few homeowners are completing a "for sale by owner" deal, even in a market that is mostly driven by sellers. Instead, they are seeking counsel from real estate brokers.Even though the housing market continued to witness higher sales prices, quick home sales, and, in certain circumstances, multiple-offer situations, the number of homeowners attempting to sell their home alone dropped to a historic low over the last year.  The National Association of REALTORS® just issued its 2024 Profile of Home Buyers and Sellers, which shows that FSBOs, or for sale by owner transactions, made up barely 7% of home sales last year, the lowest percentage ever. In the meantime, 90% of home sellers used a real estate agent to help them sell their house, which is a tiny increase from 89% the year before.Over...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
When the kitchen, the center of the house, deteriorates, what can be done to make it sell more quickly and for more money?Is a deal doomed if there isn't a stunning kitchen? No, however in order to make up for it, your vendors need a clever marketing plan. The risks and benefits of each of these approaches vary, depending in part on the price range of the house, the sellers' financial situation, and their desire to make adjustments. Assist your clients in selecting the best option to conclude a deal at the best price and with the fewest days on the market.  1. Adjust the price downward.The sellers' house will look more appealing at a lesser price than other houses that aren't completely renovated. Lower prices are advantageous to buyers, who may then renovate the kitchen to suit their p...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
 It may be both thrilling and nerve-racking to sell your first house. Since it's a significant life milestone, you want to make sure you do it correctly. However, if you're unsure of where to begin, don't worry—we've got you covered! We'll cover five crucial pointers in this guide for first-time home sellers that will make the process easier and more confident for you. For a more in-depth guide, click on the image below to get a FREE First Time Home Seller's Guide. Let's begin the process of making your house sale a success!  Hire a Real Estate AgentAlthough selling your house on your own is feasible, it might take a lot of time for anyone. A real estate agent can help you navigate the process and take care of all the details, so think about hiring one. They are professionals with exper...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Do you envision yourself retiring to the East Coast? Perhaps the first thing that springs to mind is the cosmopolitan vibe of New York. Or you may consider Vermont's breathtaking fall foliage and rugged landscape. In 2024, however, one little East Coast state has risen to the top of the retirement rankings.Delaware ranks at the top of Bankrate's comprehensive list of the best places to retire. Why choose Delaware for retirement? Despite being one of the smallest states in the union, its affordability, climate, and activities more than make up for its modest size. Is it possible for you to envision spending your retirement years here?  1) AffordabilityAffordability is a major factor for many people making retirement plans. That's why Delaware took the top spot on Bankrate's list. The sta...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
"The hardest part is waiting," as Tom Petty once sang. Was he talking about prospective homeowners? I'm not sure, but after years of hovering around the high sixes, sevens, and even briefly the eights, it's almost time for people who have patiently waited for mortgage rates to finally start declining. The Federal Reserve has cut the prime lending rate by a half point, and inflation has started to moderate.Almost all of the agents RISMedia contacted felt there are three primary reasons prospective homeowners should purchase now: No one knows for sure if/when rates will rise or fall. Buyers can always refinance. If rates do fall fast, competition for houses will skyrocket, along with prices. Start building equity now. Renting is money spent with no equity gain.   Though there's no assuran...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
This is  a common question that professional stagers answer on a daily basis. You can understand why the subject is brought up so often on the surface. There are plenty of arguments in favor of a property being staged before being made available for public inspection. Let's examine a handful of them.  Know Your BuyersIt is a fact that the buyers will decide whether or not you sell your house, when it will sell, and how much it will sell for. Although you may have aspirations, desires, and wishes, the customer ultimately has the final say. Experts in staging know which type of buyer is most likely to buy your property, and they will base their recommendations accordingly. Millennials are currently the largest generation purchasing real estate. While the younger members of this age group ...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
    Buyers still considering purchasing a home in 2024 should not worry! A new analysis from Realtor.com® indicates that the first week of October appears to be the greatest time to buy this year. According to Realtor.com's sixth annual Best Time to Buy report, the hottest week for home buying in 2024 will be from September 29 to October 5. This prediction is based on an analysis of several important metrics, including listing prices, inventory levels, new or "fresh" listings, time on market, demand from homebuyers (as measured by Realtor.com listing views), and price reductions.     In comparison to the summer's peak median cost home, purchasers might save over $14,000, according to the research, and there could be up to 37% more inventory available than there was at the beginning of t...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
If you're considering selling your home, you should be aware that there are purchasers willing and able to cover the high asking prices of today. However, they are looking for a move-in ready house. A recent Redfin press release explains:“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”If you consider it, it makes sense. In the current housing market, they must pay a high price for a home. This implies that after they move in, they might find it difficult to afford improvements. Therefore, potential buyers may pass on your house or make a lower offer than you had hoped for if it is old or requires some renovation.  Furthermore, many houses currently ...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
  Finding your dream house may be an exhilarating as well as an intimidating process. While it's thrilling to think about moving to the ideal location to fulfill your aspirations and make memories, the process may also be stressful and difficult. However, you may ensure a seamless and pleasurable house search experience by being well-prepared and taking the appropriate approach. Here are some pointers to assist you locate your dream house (mostly) stress-free. 1. Decide on Your Needs and Wants Spend some time defining your exact criteria for a home before you begin viewing properties. Think about the features that are most important to you, as well as aspects like size, style, location, and amenities. Consider your current way of life and how it might evolve in the future. Does your fam...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
When buying your first property, you may encounter unfamiliar terminology and circumstances. While you may have a rough understanding of what an inspection is, you may be unsure of why you need one or how they differ from appraisals. To make things easy, here's an explanation of each one and what it means for you as a buyer.  Home InspectionOnce you've agreed to buy a home, getting an inspection is an important step in the process. An inspection is crucial for assessing the safety and overall condition of a house before making a significant (usually your largest) purchase. A recent Realtor.com post explains:“A home inspection is something that protects your financial interest in what will likely be the largest purchase you make in your life—one in which you need as much information as p...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
It is likely that you are considering a number of factors when determining if you are prepared to purchase a home. You're considering your financial situation as well as the current state of mortgage rates, house prices, and the number of available properties. You're also trying to balance how each of those factors will affect the decision you choose.Although the state of the housing market undoubtedly influences your choice, your financial situation and personal circumstances also contribute. According to a NerdWallet article:“Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation, life goals and readiness to become a homeowner.”Concentrate on the things you can control rather than trying to time the market....
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
There is a shift occurring in the housing market. At the same time that the number of homes for sale is increasing, moderate buyer activity is being caused by higher mortgage rates.Furthermore, you might not be aware of that if you aren't working with an agent. This is the drawback. You cannot modify your expectations or plan to fit the current market if you lack knowledge. And that can result in several expensive errors.Here are a few of the more typical ones, along with tips from an agent to help you steer clear of them when you sell.  1. Pricing Your House Over Market ValueMany sellers set their asking prices excessively high, which is why there is an increase in homes with price reductions today. Unrealistic pricing will turn off potential buyers, produce an appraisal difficulty, or...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
When the time comes to move, making decisions about your home can be very important. Is it better to rent it out to generate long-term wealth or sell it and take the proceeds for your next trip?Many homeowners ask this question, and the response isn't always clear-cut. There are many factors to take into account, whether you're interested in the possible revenue from renting or concerned about the obligations of being a landlord.Let's go over some important questions to ask in order to help you decide which course of action is best for you.  The Rental Test: Is Your Home Suitable for Renting?Your current residence might not be suitable for rental purposes, even if you have aspirations of becoming a landlord. Perhaps the neighborhood isn't ideal for rentals, you're moving far away, makin...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Relocating to your ideal house can be challenging. It may seem like you've lost your mind in a sea of bubble wrap as you unpack, clean, and search for that stray roll of toilet paper.For this reason, I wanted to give you a list of five easy things to do in your first month of moving into your new house. Although these chores might seem unimportant, they will actually improve your quality of sleep at night and help your new place feel more like your home than just a place to live. We were exhausted, overwhelmed, and unable to recall where we had put our 10-month-old son's sippy cups when we moved into our dream home. In addition, we didn't know where to start! We cleaned and unpacked, of course, but what comes next?This short list of tasks guides you through each one and explains why it ...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Homeowners with pools frequently ask real estate agents how much they can add to the sale price and whether or not the costs of installing a pool can be covered by the proceeds from the sale of their property.In general, the answers are not what sellers want to hear, but they do depend on a number of factors, which we will address here. For buyers, though, they might be good news.  This is due to the fact that pools do not increase in value like homes do. Similar to a car, a pool loses value after it is used. If it were to be sold in a real estate transaction, a pool older than ten years would be nearly worthless.There are, of course, exceptions to this broad principle. Ten years later, the value of a well-built concrete pool made of premium materials in an upscale home that has been we...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
You're probably hearing a lot about mortgage rates right now. You may even see headlines discussing the recent Federal Reserve (Fed) meeting and what it means for interest rates. However, despite what the headlines may suggest, the Fed does not set mortgage rates.The truth is that a variety of factors influence mortgage rates, including geopolitical uncertainty, inflation, and the economy. It's difficult to predict when all of those elements will align enough for interest rates to fall.As a result, attempting to time the market is rarely worthwhile. There is simply too much going on that you have no control over. The best thing you can do is manage the variables that are under your control.And when it comes to prices, here's what you can do to make your relocation ambitions a reality.  ...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
For sellers, who continue to enjoy quick sales and bidding wars that are pushing up prices nationwide, the housing market is still hot. Even if it's the house of their dreams, there are still a lot of warning signs that could discourage buyers from making a purchase, regardless of how strong the market is.These are the worst offenders on the list so you can address serious issues in your house that could cause problems when it comes time to sell.1. Outdated HomesA fixer-upper may be welcomed by some buyers, but a major remodeling project is enough to turn off some buyers.Almost 2/3 of buyers stated they would postpone purchasing a home if it required renovation. If your house is dilapidated or has significant damage, potential buyers might be put off.According to Self Financial, the kit...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
To improve curb appeal, simply design a welcoming and eye-catching exterior for the home. Here are 10 curb appeal ideas and helpful tips that fit your budget, ranging from easy do-it-yourself projects to some requiring professional contractors. With the aid of these techniques, you can turn any property into the ideal residence for a buyer.   1. Repaint The Front DoorRepainting your front door to add a pop of color that draws attention from onlookers is one of the most cost-effective curb appeal ideas. Painting the window frames again can give them a fresher, cleaner look that complements a more polished exterior. (Studies show that black doors can bring $6000 more in value.) 2. New House NumbersNew house numbers are a great and reasonably priced way to improve the curb appeal of your h...
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
If you're thinking about listing your home as a "For Sale by Owner" (FSBO) and selling it yourself, you should consider whether the additional stress is really worth it. By choosing this path, you will be taking on a great deal of responsibility all by yourself. If you are not an expert, this can lead to mistakes and quickly become too much to handle.According to a National Association of Realtors (NAR) report, price and paperwork were the two main areas where homeowners who sold their own homes had the greatest difficulty.  Pricing Your HomeIt's critical to price your home correctly when first listing your house for sale. Additionally, there are two typical problems that can arise when selling your home independently. It is possible that you are overpricing. Alternatively, you may not ...
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