As the Summer vacations begin to wind down and school is getting ready to start, what is happening to our real estate market?

In Delaware, we are getting ready for the next heat wave.  I thought we were in one this past week.  I guess I was wrong.  With the temps heating up, our real estate market - not as much!

With the expiration of the home buyers tax credit, the market excitement has wound down.  Why?  for starters, we borrowed buyers from the months of May, June, July and August - those buyers were under contract by the end of April.  Second of all is the mortgage market.  Have you ever pulled teeth from a hungry alligator?  With all of the regulation changes and the banks being "extra careful", even the most qualified of buyers are having to jump through hoops, many of them, to get their mortgage.  (I think the new definition of Mortgage Underwriter is: One who's job is to do whatever possible, to reject the application, so the bank does not have to lend money!) 

Even though interest rates are crazy low and housing prices are also way down,  the buyers are not knocking down the door to get in! 

For those buyers and sellers that are ready to get into this market, NOW MORE THAN EVER, you need an agent with the experience, knowledge and know how!  You need an agent that will work harder than ever to get your home sold and your purchase to the table.  More than ever before, an agent needs to be involved in every aspect of the transaction.  Keeping on top of the lender, buyer or seller, other agent and the home inspection.

I believe that it is safe to say "DEALS HAVE FALLEN APART, BUYERS HAVE LOST DEPOSITS AND SELLERS HAVE NOT BEEN ABLE TO CLOSE BECAUSE THE AGENT OR AGENTS INVOLVED IN THE TRANSACTION DO NOT HAVE THE NECESSARY EXPERIENCE or DRIVE TO GET THE JOB DONE!"

When you are ready to buy or sell, you need an EXPERT!  Do your research and choose your agent wisely!

For professional, knowledgeable, educated and reliable real estate service-Call or Email The Team Sordelet Realty Group.  www.teamsordelet.com  302-476-2057