That depends. What is your strategy, meaning what do you think will happen? The Pennsylvania Association of REALTORS Listing Contract has a clause that states in part, “Unless prohibited by Seller, if Broker is asked … Broker will reveal the existence of other offers …”. Broker could mean Agent since the contract is really with the Broker. This “conversation” should take place at the time the listing contract is being signed so that there is no misunderstanding about what the partie...

We are at the three-quarter point for 2022 and the Real Estate market continues to be affected by recent economic developments which have resulted in a substantial increase in the interest rate and the lingering effects of the pandemic (which contributed to an inventory shortage and then pent-up demand for housing). All of these have added uncertainty to what is generally considered a long-term decision. What will sellers and buyers think later when they reflect on these days and how th...

That depends. How would that information affect your level of interest? As long as a property is “still available” to bid on and you know if a contract signing is imminent, you have a decision to make. Even then, there is no guarantee that, regardless of the type of market or the amount of competition, a buyer will have a "second" chance when making an offer to buy Real Estate. If they really like a house they may want to consider making their best offer at the outset. Should a buyer off...

Repeat after me: we are NOT in a "housing bubble". We are NOT in a "housing bubble". Now let me help you believe it! For those who lived through the "dot.com" fiasco around the turn of the century, I never dreamed I would say those words but there was a REAL housing bubble 15 years ago. This market is CLEARLY different. That is not to say that it lacks drama or that it has not been incredibly frustrating on many levels, but let's be CLEAR: this is NOT a "bubble". And no, I am...

Showing Time, using Bright Multiple Listing Service statistics, has released their Local Market Insight report for single-family homes in Delaware County Pennsylvania through June 2022. If you would like information about this or any other County or any specific municipalities in the Delaware Valley, please contact me or visit my website, AndrewWetzel.com. I am only a phone call, email or text away! I respond promptly to all inquiries.We are at the halfway point for 2022 and the Real Estate m...

After many months of a buying frenzy that seemed more like an auction, the Real Estate market is changing. Inventory levels have increased with the market adding more listings each month than there are properties going “under contract. Some of these are houses that came back on the market that did not sell before and needed less competition and/ or lower prices to sell.The number of multiple offers has generally decreased and, whether it is the market or buyers taking a stand, the number of p...

I listed and sold Real Estate during the build-up to the crash of 2008. I contend that this market is NOT the same. Let me explain. Google defines “bubble” as a good or fortunate situation that is isolated from reality or unlikely to last. Good? Fortunate? That depends on your perspective which makes the definition vague, allowing people see both markets as more similar than they are. Whatever you think caused the crash in 2008, I will focus on my personal experiences. Starting arou...

Showing Time, using Bright MLS statistics, has released their Local Market Insight report for single family homes in Delaware County Pennsylvania through March 2022. If you would like information about this or any other County or any specific municipalities in the Delaware Valley, please contact me or visit my web site, AndrewWetzel.com. I am only a phone call, email or text away! I respond promptly to all inquiries....As far as the statistics, there were 1868 new “for sale” listings through ...

Tri-County Suburban REALTORS and Showing Time have released their June 2021 Local Market Insight report for single family homes in Delaware County Pennsylvania. The report uses Bright MLS statistics. If you would like more information about this or any other County or any specific municipalities in the Delaware Valley, please contact me or visit my web site, AndrewWetzel.com. I am only a phone call, an email or a text away! I respond promptly to all inquiries. The...

Whether you are starting the process of buying your first or “next” home, engaged in the process of house-hunting or you have already been denied a house you really wanted to own, I want to share some time-tested advice. I am going to address the main question in three parts. This is not intended as legal advice and not intended to interfere if you have an existing business relationship. Let’s start with the premise that you have made an offer and it was rejected. You m...