Thursday, February 13, 2020

Interest Rates are at a 3 Year Low and what a Difference it Makes!

*Based on a  30 year fixed rate mortgage on a home bought for $340,520. with 20% down. Today's rate reflects 3.375% APR 3.4522%. Payments reflect principle and interest monthly payments. Property tax and homeowners insurance vary and are not included in the illustration. Rates subject to change without notice. This does not guarantee mortgage approval.

Interest rates on a 30 year fixed rate mortgage have dropped to the lowest they have been for three years. This is prompting savvy home buyers to act now to purchase, knowing that if they wait, rates could rise. That rise could be costly - to the tune of over $1,800 every year that could be kept in home owners pockets. 

Let's run the numbers! Let's say you purchase a $340,520. home at today's interest rate with 20% down. Your monthly principle and interest payment will be $1,204. If you wait while rates increase 1% and purchase that same house at the exact same price, your monthly principle and interest payments will cost you close to $2K more a year.

The combination of very low mortgage rates, a strong economy and more positive financial market sentiment make now a great time to buy a home. 

Curious about financing? Click here for a leading local lender

Mortgage information provided by Delaware Valley Financial Mortgage, LLC NMLS#131869 402 Bayard Rd. Suite 100, Kennett Sq, PA 19348    610.932.5444
“As information must be tailored to the specific circumstances of each consumer, and the mortgage industry is constantly changing, nothing provided herein should be used as a substitute for the advice of a professional loan officer or legal counsel. Delaware Valley Financial Mortgage is licensed by the PA Department of Banking and an Equal Housing Lender.” Rates are based off of a 760-credit score and 20% down.

Friday, February 7, 2020

2019 Local Real Estate Market Pulse

On a full-year basis, the local real estate market followed the national total existing-home sales which ended at 5.34 million in 2019, the same level as in 2018. Lawrence Yun, NAR’s chief economist, said home sales fluctuated a great deal last year. “I view 2019 as a neutral year for housing in terms of sales,” Yun said. “Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.” Which means if you are a home owner considering selling your home in the next several years, listing now could bring you a greater and quicker return then if you wait.

Yun said conditions for buying are favorable and will likely continue in 2020. “We saw the year come to a close with the economy churning out 2.3 million jobs, mortgage rates below 4% and housing starts ramp up to 1.6 million on an annual basis. If these factors are sustained in 2020, we will see a notable pickup in home sales in 2020.”

Friday, January 10, 2020

INTEREST RATES FALL Creating Opportunities for Buyers and Sellers Alike!

Mortgage rates dropped to a 13-week low as we entered 2020. According to Freddie Mac, the current average rate on a 30-year, fixed-rate mortgage clocks in at just 3.64%—the lowest rate since October. 

“Mortgage rates fell to the lowest level in 13 weeks, as investors sought the quality and safety of the U.S. Treasury fixed-income markets,” Khater said. “The drop in mortgage rates—combined with the strong labor market—should propel a continued rise in homebuyer demand.” 

HAVE A HOME TO SELL? The fall in interest rates is creating an urgency in buyers. An accurately priced home will sell quickly, and the lower rates will give you more money to purchase your next home. 

THINKING OF BUYING? Now is the optimal time to buy. Low rates give you a lower monthly payment and increases your overall spending budget. Fortunately, for buyers who can find available listings, inventory shortages have “not yet materialized into significant price gains,” according to Sabrina Speianu,’s senior economic research analyst. 

Excerpts taken from Jan 10, 2020, 02:00pm Mortgage Rates Drop As Housing Inventory Hits Two-Year Low by Aly J. Yale Senior Contributor

Thursday, December 12, 2019

Many homeowners believe selling a home during the winter months is not a good idea and that the spring is the only time a house can be sold. This is the furthest from the truth! Here are three reasons why listing a home in winter months can pay off:

1. Low Competition The last few years have brought tight inventory. Simply put, there are more buyers than homes for sale. Spring will bring an increase of homes on the market so listing during the winter months means you have less competition, increasing the probability that you will get the maximum amount of money for your home.

2. Serious Buyers Are Looking Recent tight inventory means some home seekers didn’t find a home over the summer months, thus creating a sense of urgency to keep looking. Serious home buyers are looking, no matter what time of year it is.

3. Quicker Transactions Right now, there are fewer real estate transactions than there will be in the spring. The fewer number of transactions means the mortgage lenders have less loans to process, and home inspectors have fewer inspections to do. These factors should lead to a quicker transaction and closing for all the parties involved.

Are you ready to list your home? The first step – Contact a reputable Brokerage that is experienced in your local market. A great real estate agent will know how to adapt to the current season and market your home to reflect that. For southeastern PA, northern MD and northern DE, that’s Beiler-Campbell Realtors with 45 years of experience. They know the local market inside and out. They’ve helped thousands of home sellers, in all months and economic climates. Don’t let the snow falling outside deter you from listing your home!

Tuesday, December 3, 2019

Planning on selling your home next Spring? Start preparing now!

Winter is the ideal time for sellers to start preparing their home for the flood of prospective buyers in the spring. Tackling home projects while the flurries are flying outside can boost your chances of making a quick, turnkey sale come spring!

Don’t wait until the last minute to make sure your home is ready for its close-up. Here are a few things sellers can do now to get ready for the spring:

  • Contact a local reputable REALTOR for a Home Market Analysis. A REALTOR will show you comparable homes that have recently sold in your area and discuss factors that will influence price. Securing a REALTOR that you are comfortable with now and deciding on an accurate list price will allow for a focused marketing plan as soon as your home hits the market in the spring.

  • Get your home inspected. Getting your home inspected prior to the spring selling season can give you more time to make repairs. Additionally, you might find it easier to find a contractor since many are looking for work during the less busy winter months.
  • Give your home a once-over. Take a look at your home with a critical eye and make improvements and repairs. Advice from a REALTOR will help you focus on what’s important for a sale so you will not waste time with improvements that won’t pay off.
  • Landscape. Winter is a great time to spruce up landscaping by trimming hedges and cleaning up flowerbeds.
  • Declutter. Cold winter days are perfect for taking on indoor projects, such as cleaning closets. Decluttering can make a house look more spacious.
  • Change paint colors. Consult a REALTOR for helpful tips on choosing paint colors that will show off your home.
  • Be an early bird. To increase your chances of getting your home sold, be the first to the market before it is flooded with competition. Traditionally, Super Bowl Sunday marks the beginning of the spring Real Estate Market.

In southeastern PA, northern Delaware and northern Maryland, the Brokerage to contact is Beiler-Campbell Realtors & Appraisers, who offers Home Market Analysis’ at no charge. This locally owned brokerage has a track record of over 45 years of successful business, in all market climates. Partnering with a Brokerage that knows the market inside and out is vital for a smooth spring home sale.

Sunday, December 1, 2019


The holidays are magical around here! We love our home towns and you will too! Check out these December events:

  • Winterfest House tours, carriage rides, carolers, ice-skating Chesapeake City, MD Dec 1 thru Jan 4
  • Peoples Light Presents Musical Panto Little Red Robin Hood thru Jan 5
  • Yuletide at Winterthur thru Jan 5
  • Brandywine River Museum Christmas 2019 thru Jan 5
  • DIY Fresh Horse Head Wreath Workshop Oxford Feed & Lumber Dec 5
  • Country Christmas Oxford Dec 6
  • Christmas Parade West Chester Dec 6
  • Pictures with Santa for pets Oxford Feed & Lumber Dec 7
  • Holiday Village Market The Creamery Kennett Sq. Dec 7, 8, 14
  • Christmas Parade North East, MD Dec 7
  • Pops goes the Holidays Kennett Symphony Dec 7
  • Candlelight Christmas Chadds Ford Historical Society Dec 7
  • DIY Gingerbread House for Dogs Oxford Feed & Lumber Dec 12
  • Brandywine Ballet’s Nutcracker Dec 13
  • Holiday Open House National Iron & Steel Museum  Dec 13
  • Breakfast with Santa Kennett Sq. Firehouse Dec 15
  •  New Years Eve midnight on the Square Kennett Sq. Dec 31

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Friday, November 1, 2019

November Happenings

We absolutely love this area and know you will too! Check out all the things to do in November.

Autumn Moon Hayride Linvilla Orchard Nov 1 and 2

Fall Food & Craft Beer Celebration and Hayrides Highland Orchards Nov 2

Food Truck Rally and Wine & Beer Garden Highland Orchards Nov 3

Harvest Hopsgiving Festival New Garden Twp. Park Nov 2

Mushroom Cap Half Marathon The Creamery Kennett Sq. Nov 2

Fall Clover Market Kennett Sq. Nov 3

Taste of Kennett Food Tours Nov 3

85th Running of the PA Hunt Club Unionville Nov 3

First Sundays for Families Pirate Adventure Day Free Admission Brandywine River Museum Nov 3

Pumpkin Succulent Workshop The Kennett Creamery Nov 7

Holiday Craft Bazaar & Bake Sale Ware Presbyterian Village Nov 8

The Woodlands at Phillip Mushroom Farms  Free Cooking demonstration Nov 9

West Chester Railroad Fall Foliage Express thru Nov 10

Peoples Light Presents Musical Panto  Little Red Robin Hood Nov 13 – Jan 5

Succulent pumpkins Terrain Nov 16

Annual Harvest Run with Kennett Brewing Co Nov 16

Little Sprouts Pinecone Turkeys Terrain Glen Mills Nov 17

Holiday Artisan Faire Kennett Sq. Nov 21

A Longwood Gardens Christmas Nov 22 – Jan 5

Fireside Teats Terrain Glen Mills Nov 23

Uptown Knauer Presents Handel’s Messiah Nov 23 and 24

Yuletide at Winterthur Nov 23 – Jan 5

Holiday Light Parade and Tree lighting Kennett Sq. Nov 29

Brandywine River Museum of Art Presents Christmas 2019 Nov 29 – Jan 5

Uptown Knauer Holiday Swing Big Band Nov 29

Small Business Saturday Oxford, Kennett Sq. West Chester Nov 30 

Monday, October 28, 2019

New Home Community Pine View Estates Breaks Ground

Beiler-Campbell Realtors & Appraisers is pleased to announce new homes are coming soon to the Oxford area with Pine View Estates Community. Cedar knoll Builders has broken ground and lot holds are being accepted on the new home community of Pine View Estates. Located just outside historic downtown Oxford, Pennsylvania and only 1 mile off the Route 1 Bypass, Pine View Estates will offer beautiful homes with customizable options and at a convenient location. This charming sidewalk community provides public amenities, natural gas, and beautiful surrounding views of picturesque Chester County farmland. Homes will start at $339,900. Contact Site Agents Doug Chase and Corey Snyder for more information. 

Enjoy a Free Gas Fireplace with the purchase of your new Pine View Estates home with the use of our partners, Delaware Valley Financial Mortgage and Anvil Land Transfer. Offer Expires 11/30/19.

Tuesday, October 8, 2019

September Brought Active Local Market

When staging your home for sale, depersonalizing, decluttering and deep cleaning should be your mantra! Ironically, some of the smallest spaces in your house can make the biggest impressions on buyers. Give extra attention to these essential spaces in your home where buyers can be won or lost:

CLOSETS packed tight with all your clothes make an entire home feel like it lacks storage space
  • Consider temporarily storing overflow off site
  • Use matching hangers for a modern look
  • Organize so there is clear space on the floor and shelves
BEDROOMS should appear to be a place of relaxation and comfort.
  • Remove TV’s, office furniture, power strips and pet beds
  • Use gender neutral colors
  • Clear personal pictures and decorative items that are distractions and prevent a buyer from picturing themselves in the home
  • Add a modern headboard to provide a visual focal point and add sophistication
BATHROOMS must be sparkle. Time and elbow grease is well spent to sanitize every inch of your bathrooms
  • Replace toilet seats, re-caulk, clear drains and clean floor and tile grout
  • Empty trash cans before showings and stash it away
  • Remove floor mats and replace shower curtains with one with a neutral color
  • Hang only one set of neutral color, fluffy towels
  • Light fixtures should be clean and have bright bulbs
  • Grimy walls can be sprayed with a mixture and water and followed up by a fresh coat of neutral paint
  • Clear countertops and medicine cabinets of everything to make the space look open and larger
KITCHENS are the heart of the home for so many
  • Modernize your dated cabinets by having them refinished if budget allows
  • Completely clear countertops – especially that cluttered desk area
  • Clean island chair cushions
  • Remove papers and magnets from fridge
  • Replace brass or wooden hardware with brushed silver or stainless steel
  • Clean the fridge, sink, inside of your oven door and declutter your cabinets
  • Remove rugs from kitchen floors
  • Empty the trash and stash the container for showings
Efforts put into these rooms will pay-off with a home that has broad appeal to buyers. Need some help? Contact us and we can discuss how to best prep your home for a quick sale!

Tuesday, September 10, 2019

Local August Real Estate Market Stats

What Can We Expect from The Fall Real Estate Season?

More Demand 

Buyers are simply in a better place to buy homes today than they were even just a few short years ago for two reasons; they know locking in a low interest rate now is a smart move for long term wealth. And, increased job stability is spurring a desire for homeownership. 

Tight Inventory 

It’s no secret: inventory levels have been the one factor preventing the housing market from realizing its full potential. Buyers need to be ready to act with a mortgage preapproval in hand and an expert local Realtor. Sellers, if you have been considering a move, now is an optimal time to list your home. 

Low Mortgage Rates 

Mortgage interest rates are on a tear. In the bigger picture, 2019 has been the best year in more than a decade. If we include late 2018's higher rates the overall move is now bigger than the one seen in 2008/2009. - According to Mortgage News Daily, Sept 4, 2019. 

Fast-Paced Activity 

Competition is expected to be fierce over the properties that are available. As a result, the average home for sale may receive multiple offers, making time of the essence for interested parties. Case in point: On local listings this year thru August, the average days on market fell 13% compared to last year. 

Stay Ahead of The Competition 

Buyers - Team up with a professional, full-time local Realtor who is dialed in the market and what’s coming for sale soon. Additionally, having your ducks in a row with financing is vital. Know your price range so you don’t waste time looking at unattainable homes. A preapproval is essential for strengthening your offer. 

Sellers - An active market does not mean an easy sale! Now more than ever, listing your home with a local Realtor who has forward-edge marketing and technology at their fingertips, along with effective negotiating skills is paramount to a successful sale. 

Ready to get started? Here are some helpful links: