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Mary and John Luca's Real Estate Blog

Mary B. Luca

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***Looking for a Luxury Estate with it's own Bowling Alley, Karaoke Stage and 12 Seat Zinc Topped Professional Bar?***
**How about a Professional Outdoor Kitchen plus Heated Pool?
**An Exquisite Library with Leather Paneled Walls?
**Wine Tasting/Cigar Lounge plus Temperature Controlled Wine Cellar?
**Do you desire an impeccable Main House plus Guest House on 10 gorgeous acres?! 
>>Click to look - or call us for you own personal tour!
Mary & John Luca
302-740-5872 <<
 
#Newtown #BucksCounty #UpperMakefield #Karaoke #Elevator #RealEstate #LuxuryHomesforSale #LuxuryEstates #BowlingAlley #HomesforSalewithBowlingAlley #ElevatorHomes #NewtownRealEstate #BucksCountyRealEstate #HomesforSale #WineCellar

 

John & Mary Luca

Mary B. Luca, Realtor licensed in DE, PA, MBA, e-Pro, licensed since 2007
John Luca, Realtor licensed in DE, PA, MD, licensed since 2005 

Search for Real Estate on our Websites: www.TeamLuca.com  and www.LucaTeam.com
Get Our Mobile Home Search APP:          Text: LUCA to 87778 
 
What's Your Home Worth:                         Get 3 Estimates Instantly
Area Market Trends:                                  Instant Market Trends Report
Market Activity near your Property:          ePropertyWatch
 

 

Berkshire Hathaway HomeServices Fox and Roach Realtors
88 Lantana Dr. Hockessin, DE 19707
Office: (302) 999-6966
Fax: (302) 397-2440
Broker: (302) 999-9999
Cell: (302) 740-5872

To view market activity around your home or a property you may wish to learn more about in order to purchase, simply fill out the form below and a report will immediately come to you.  It will update automatically with market activity every two weeks for you as well.  A sample report is below the form.

.....

How does Our National ePropertyWatch benefit YOU?

It's about you

ePropertyWatch delivers information about YOUR home and neighborhood straight to your inbox. Not some dry, dull report about your town - it's tailored just for you.

Your home's value

Markets are dynamic and home values are constantly changing. With ePropertyWatch, you'll keep your finger on the pulse of your home's ever changing value. After all, your home is probably your #1 asset, so we'll help you know where you stand!

Forecast

Not only will you see what your home is worth today, but you'll also see the industry's leading "home price index" forecast for what your home might be worth years from now. That's great for planning your real estate future.

Your neighbors

With ePropertyWatch, you'll know exactly what is happening around you. From sales to rentals to foreclosures - you'll have your finger on the pulse of your neighborhood!

Much more!
Sign up for FREE Now
Here:
https://www.epropertywatch.com/widget/sponsor/jrxElKPk

or Here at bottom of page: https://www.epropertywatch.com/widget/sponsor/jrxElKPk

If you have any questions about real estate in  - please contact us at 302-740-5872 and visit our websites to search for your next home or investment at whichever website you enjoy more:

http://www.MaryLuca.com

http://www.TeamLuca.com

http://www.LucaTeam.com

We look forward to helping you,

John & Mary Luca
John - Licensed in DE, PA, MD; Mary - MBA, Licensed in DE, PA & e-Pro Certified
Berkshire Hathaway HomeServices Fox & Roach Realtors
88 Lantana Dr. 
Hockessin DE 19707 
Direct: 302-999-6966 
Cell:  302-740-5872 

 


 

 

 


 


America's Longest Running Sporting Event Is Happening Today - the Kentucky Derby!

 

When you hear the names Seabiscuit or Secretariat, most people know exactly which sport AND which traditional sporting event those great athletes represent – the Kentucky Derby. Extravagant hats and Mint Juleps are also associated with this famed event.

Run annually at Churchill Downs, Louisville’s “Run for the Roses” or “The Most Exciting Two Minutes in Sports,” celebrates its 143rd anniversary today.

According to kentuckyderby.com, the race is the longest continually held sporting event in America, and takes place annually on the first Saturday in May.

The “Derby” is the first race within the Triple Crown of Thoroughbred Racing, where it is followed by the Preakness Stakes and the Belmont Stakes.

This year's event has a horse tugging at fans hearts - a three-year-old thoroughbred named Patch. Patch is missing his left eye, which had to be removed after he developed an ulcer in his left eye as a two-year-old.

It’s an easy two minutes to miss, so be sure you’re in your seat and tuning in to see this year’s excitement at post time – exactly 6:34 pm EST Saturday May 6th! 

To satisfy your own desire to own and/or train horses, you can view all properties for sale below: 

 

Use our Custom Search Links to view Horse Farms, Equine Properties and Training Facilities for Sale :

View ALL

 

Chart-Topper: Fiberglass?


Want to know what home upgrade delivers the largest return on investment for homeowners? Believe it or not, it’s fiberglass insulation.

For the second year in a row, Remodeling Magazine's Cost vs. Value Report reveals that a fiberglass insulation upgrade adds the greatest value to a home at 108 percent of the cost of the project, according to Hanley Wood, publisher of Remodeling Magazine. 

The Cost vs. Value Report compares the average costs for 29 popular home remodeling projects with the value those projects retain in 99 U.S. markets on a national and regional level. The report estimates that the average cost for a fiberglass insulation upgrade is $1,343 nationwide. The assessment on the potential return gained by the homeowner at resale was provided by real estate professionals responding to the annual survey. Real estate professionals estimated that one year after a fiberglass attic insulation upgrade, the project would increase the value of the home by $1,446. The research specifically estimated the cost of adding blown-in loose fill fiberglass insulation into a 35x30 attic to reach an R-30 insulation value. The R-value refers to an insulation’s resistance to heat flow. The higher the R-value, the better the insulation, according to Oliver Heating & Cooling. 

According to HomeAdvisor, fiberglass batts (those large fluffy pink sheets of fiberglass) are one of the least expensive ways to insulate your home, especially when walls are already open, such as in your attic. They must be installed properly, however, as one loose corner or tear can reduce the R-value. 

Fiberglass batts are ideal for those who need to insulate quickly and save money in the process. It is simply installed by anyone with a putty knife, a utility knife and a tape measure. When installed tightly and securely, fiberglass batts improve energy efficiency by 25 to 30 percent.

Again this year, as it did when it first appeared in the Cost vs. Value report in 2016, adding fiberglass insulation was the only project that had an average national return of more than 100 percent. By comparison, the average cost and average return at resale for the 29 projects in this year's report amounted to a 64.3 percent return if the home was sold within one year of completing the renovation.

Source: North American Insulation Manufacturers Association

Contact me today to learn more about which projects deliver the largest return on investment.

Reprinted with permission from RISMedia. ©2017. All rights reserved.

Mary B. Luca, MBA, ePro, Realtor
Licensed in DE & PA since 2007

Search for Real Estate on our Websites:   www.TeamLuca.com  and www.LucaTeam.com
Get Our Mobile Home Search APP:           Text: LUCA to 87778 
What's Your Home Worth: 
                       Get 3 Estimates Instantly
Area Market Trends:                                Instant Market Trends Report
Market Activity near your Property:          ePropertyWatch 

Facebook                                                  Like Our Page

 I Love and Live by Referrals – please refer your family, friends & co-workers to interview me!

Over 1 Million Properties Shed Underwater Status in 2016

by Mary B. Luca

Over 1 Million Properties Shed Underwater Status in 2016

A just-released report reveals underwater properties are steadily declining, with more than one million shifting status in 2016—a possible turning point in the ongoing inventory crisis.

 
According to ATTOM Data Solutions' Year-End 2016 U.S. Home Equity & Underwater Report, the amount of "seriously" underwater properties in the U.S. decreased by over one million last year, while the amount of "equity rich" properties increased by 1.3 million. Seriously underwater is defined as a property with a loan-to-value ratio 25 percent or more of its fair market value; equity rich is defined as a property with an LTV ratio 50 percent or less.
 
The opposing gap between the two is a signal of the overall health of the housing market, as well as the potential for short supply to, if marginally, improve.
 
"Since home prices bottomed out nationwide in the first quarter of 2012, the number of seriously underwater U.S. homeowners has decreased by about 7.1 million, an average decrease of about 1.4 million each year," says Daren Blomquist, senior vice president with ATTOM Data Solutions. "Meanwhile, the number of equity rich homeowners has increased by nearly 4.8 million over the past three years, a rate of about 1.6 million each year.
 
"Despite this upward trend over the past five years, the massive loss of home equity during the housing crisis forced many homeowners to stay in their homes longer before selling, effectively disrupting the historical domino effect of move-up buyers that feeds both demand for new homes and supply of inventory for first-time homebuyers," Blomquist says.
 
Approximately 10 percent—5.4 million—of all properties with a mortgage are still seriously underwater, according to the report, marking the lowest level since 2012.
 
The top five states with the most seriously underwater properties in 2016 were Nevada (19.5 percent share), Illinois (16.6 percent), Ohio (16.3 percent), Missouri (14.6. percent) and Louisiana (14.5 percent). The majority of the top five metropolitan areas with the most seriously underwater properties was located in Ohio: Cleveland (21.5 percent), Akron (20.1 percent), Dayton (20.0 percent) and Toledo (19.9 percent).
 
The top five states with the most equity rich properties in 2016, by comparison, were Hawaii (37.8 percent), Vermont (36.9 percent), California (36.0 percent), New York (34.9 percent) and Oregon (32.0 percent). The majority of the top five metropolitan areas with the most equity rich properties was located in California: San Jose (51.6 percent), San Francisco (47.7 percent) and Los Angeles (39.2 percent).
 
With this substantial reversal of trend, how long will the inventory shortage last? The drop-off dynamic of shrinking underwater properties and expanding equity could indicate the answer is sooner than expected.
 
Source: ATTOM Data Solutions

Reprinted with permission from RISMedia. ©2017. All rights reserved.

 

Mary B. Luca, MBA, ePro, Realtor
Licensed in DE & PA since 2007

Search for Real Estate on our Websites:   www.TeamLuca.com  and www.LucaTeam.com
Get Our Mobile Home Search APP:           Text: LUCA to 87778 
What's Your Home Worth: 
                         Get 3 Estimates Instantly
Area Market Trends:                                   Instant Market Trends Report
Market Activity near your Property:            ePropertyWatch 

Facebook                                                    Like Our Page

 I Love and Live by Referrals – please refer your family, friends & co-workers to interview me!


Should I Buy a Home Now?

by John and Mary Luca's Tri-State Team

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 1-6 of 6

Contact Information

Photo of John Luca Team Real Estate
John Luca Team
Berkshire Hathaway HomeServices Fox & Roach Realtors
88 Lantana Dr.
Hockessin DE 19707
Direct: 302-999-6966
Broker: 302-999-9999
Fax: Cell: 302-740-5872