Active Adults Realty April 2014 Delaware Real Estate Update

SUSSEX, KENT & NEW CASTLE COUNTY, Delaware Real Estate Update from Active Adults Realty

Active Adults Delaware Community Update


Kathy Sperl-Bell, Broker Active Adults Realty, “Southern Delaware, the market is flooded!”

Active Adults Realty Coastal DE buttonNow that it’s warming up, buyers, who ended up holding off because of the bad winter weather along with those who will normally enter the market in spring, are flooding our Delaware real estate market now.

Local builders are attempting to meet these demands by producing Quick Delivery Homes and offering new models with efficient floorplans for sale. While we do our best to keep you current with available information and updates on the areas most popular neighborhoods, if you are really interested in pursuing your dream here in Delaware, please Email me or call 302-542-1203 for the most current Sussex County information.

Updates, QDHs and Resales

We get many requests for notice of resales at NASSAU GROVE in Lewes. There are a few right now, they do not come on the market often and don’t last long. CLICK HERE to View Available Listings in NASSAU GROVE as of press time.

MODEL LEASE BACKS: Schell Brothers currently have a few at  BAYSIDE, BAYFRONT, HERITAGE CREEK and ELLIS POINT. For more details, Email me.

Tour the Whimbrel Model by Schell Brothers with Active Adults Realty at a Grand Opening House Party in INDEPENDENCE. Email Me now to Schedule Your VIP Tour between 11am and 2pm on April 26.

The new Cape May Model home is now available in SAWGRASS NORTH. Schell Brothers offers an easy-entertaining floorplan, perfect for shore-style living. Email me for the details on this new home floorplan or the SAWGRASS NORTH Siteplan.

QUICK DELIVERY HOMES: Builders at THE VILLAGES AT RED MILL POND and PLANTATION LAKES also have homes in various form of readiness. Click Here to View Available Listings in the Villages at Red Mill Pond or in PLANTATION LAKES.

With inventory turning over quickly at this time, DON’T HESITATE TO CALL 302-542-1203 or Email me for Southern Delaware updates.

Continue reading

Report: US Housing Market Needs More Homes for Sale

US homes for saleThe national housing market is dealing with an issue of supply and demand right now and it’s impacting both buyers and sellers… the Market needs more homes!

Specifically, the national housing market has too few people selling their homes compared with the number of people who want to buy homes, according to a recent report from Standard & Poor’s/Case Shiller.

This is consequently driving home prices up, which in some cases is making available homes for sale unaffordable to buyers.

It’s certainly a unique situation and one that both home buyers and home sellers are going to need to learn how to navigate in the coming months.

Recent National Housing Market Activity Explained

Here’s what we know based on the recent Standard & Poor’s/Case-Shiller 20-city index:

  • Last year saw a 13.4 percent jump in the average price of a home sold.
  • Average prices nationally are expected to increase by single digits this year.
  • The gains are expected to be the strongest in those cities with strong job growth, including Seattle and Austin.
  • Meanwhile, lenders are beginning to ease barriers for those with less-than-ideal credit, meaning that these home buyers could find it easier to qualify for a mortgage and buy a home.
  • Currently there are about five months worth of homes on the market, compared with 5.9 months in 2012 and 8.3 months in 2011.
  • Part of the explanation of low housing inventory is the fact that about 19 percent of home owners remain underwater on their mortgages, which may deter some sellers from listing because their sales price may be less than what they owe.
  • And an additional 37 percent are “effectively underwater,” which means that their sale would not be enough to cover the cost of listing their home as well as putting a down payment on a new home.
  • But luckily, warmer weather, job growth and a more robust economy are expected to help encourage more home owners to list their properties this spring.

Experts also believe that the rise in home prices will help the problem correct itself. After all, as sales prices continue to rise, it will lure more home owners to list their properties. Continue reading

Bootcamp Workshop on VA Loans: Active Adults Realty REALTORS® Earn CMRS Designation

Active Adults Realty REALTORS® attended the recent BOOTCAMP Workshop on VA Loans sponsored by Fairway Independent Mortgage.

Certified Military Specialist DesignationThe Workshop, led by Louise Thaxton included Real Estate Professionals who earned the certification of Certified Military Residential Specialist (CMRS).

Realtor Bootcamp

On hand with their CMRS certificates are (Left to Right) Active Adults Realty REALTORS® Al Willis, Tracey Wehr-Harrell, Elliot Welan and Debbie Shearer along with Gail Alm of Fairway Independent Mortgage.

The Boot Campaign, developed to bridge the gap between American society and the warriors that protect her, is dedicated to cultivating awareness, promoting patriotism, and providing assistance to military personnel, past and present, and their families. In this Workshop, the REALTORS® learned how to be equipped to handle, with excellence the home purchase needs of active duty and former military clients.

To conclude the program, Fairway Independent Mortgage presented their 14th mortgage-free home to a wounded warrior.

Quick Delivery Homes Help Make the Move… Smooth!

Quick Delivery Homes: How They Can Speed Up The Move

These days, it’s hard for som Boomers to carry two mortgages while their existing home sits on the market. They must wait for their house to sell, called a contingency, before buying a new one.

For Quick Delivery Home buyers, the biggest concern is availability… looking to avoid short term renting or getting into your new home before the holidays. If you find yourself in this situation, you are not alone.

Don’t Miss Your Chance for “Instant Gratification” Continue reading

Expect to See an Exceptionally Busy Spring Home Buying Season in 2014

Spring home buying

Expect to See an Exceptionally Busy Spring Home Buying Season

That’s because national real estate experts are projecting that this spring will see even more home buying activity than is already expected for this time of year.

Why? Because of pent-up home buyer demand from the unusually cold winter we had.  Home buyers who might have navigated the market in late 2013 and early 2014 ended up holding off because of the bad winter weather.

Can you blame them?  House hunting in frigid temperatures while trudging around in the snow and bad weather is no fun at all.

So now that it’s warming up outside, these home buyers – along with those who would have normally entered the market in spring – are flooding the real estate market.

More Trends to Expect This Spring on the National Housing Market

According to a recent Bloomberg article, the spring home buying market (which usually runs from March to June) was delayed because of the unusually bad winter we’ve had across the country.

This late start meant that home sales declined in February to the lowest level since mid-2012. And the number of contracts signed reached the lowest level since 2011.

Meanwhile, applications for mortgages to buy homes dropped to the lowest since 1995 during the month of February. Continue reading

Bouncing Back After Foreclosure and Bankruptcy

Boomers Bouncing Back, Are You Ready To Buy Again?

What are the qualifications for buying a home after foreclosure or a bankruptcy?  Certified Mortgage Planning Specialist Gail Alm at Fairway Independent Mortgage Corporation in Rehoboth Beach, has put together a guide to educate you to the fact that…  yes, you can own a home again!

Are you wondering if you can ever bounce back from bankruptcy, a short sale or a foreclosure and buy a new home? The attached information, supplied by Certified Mortgage Planning Specialist Gail Alm at Fairway Independent Mortgage Corporation in Rehoboth Beach, will guide and educate you to the fact that..  yes, you can own a home again!

DOWNLOAD a PDF of Gail's Qualifying Criteria at the end of the article.

DOWNLOAD a PDF of Gail’s Qualifying Criteria at the end of the article.

“There are many people who have been affected by the “Housing Bubble” and subsequent “Mortgage Meltdown”!  You may know someone personally, that has.  Bankruptcy and foreclosure are not the end of the world,” says Gail Alm. “By working together with a CMS, you can plan your strategy to enhance your buying power and buy a home again.”

The Following list details a borrower’s criteria for qualifying for Conventional, FHA, VA and USDA Rural Loans after bankruptcy or if  your home was taken by foreclosure.


Chapter 7 Bankruptcy: 4 years from discharge date or dismissal date

Chapter 13 Bankruptcy: 12 years from discharge date or 4 years from dismissal date

Multiple Bankruptcy Filings in the Last 7 Years: 5 years from latest discharge date or dismissal date

Foreclosure: 7 years from completion date

Deed-in-lieu of Foreclosure: Note: Follow AUS requirements. 4 years from completion date, plus Owner-Occupied purchase or limited Cash-Out refinance and max LTV of 90%.  For a purchase, borrower must contribute at least a 10% down payment or what is required for the loan program. 7 years from completion date if transaction is a: Cash-Out, Second Home, or Investment Property

Pre-foreclosure, Short Sale, or Prior Loan Modification: 2 years—80% max LTV, 4 years—90% max LTV, 7 years—Max LTV allowed by program.

Consumer Credit Counseling: Must be approved by AUS. Continue reading

Our Featured Boomers for March 2014

Sophie and Ted Krezel of Milton, Delaware

Our Featured Boomers, Sophie and Ted Krezel of Milton, Delaware

Our Featured Boomers: Meet “The Krezels”

“Locals Now!” recently interviewed Sophie and Ted Krezel who moved to Holland Mills in Milton in March 2013 for this month’s Featured Boomer column.

The Krezel’s relocated from Wayne, New Jersey via Loveland, Colorado where they lived for five years. Sophie was a former Speech Therapist while Ted owned a Hardware Store. At this time, they are both enjoying retirement in Delaware.

LN:  Where else did you consider before buying in Delaware? What were the most important factors in making your choice?

SK:  We looked in South Jersey. We sought out the availability of suitable, affordable housing in a location near beaches and, of course, low taxes. Continue reading

Boomer Business… BUILDING!

Boomer Business Blossoms in Delaware

So you’re settled in your new home, are you ready for some Business Workshops and Education Seminars?

A survey by Small Business Labs posted online at, studying the attitudes related to working past traditional retirement age, finds “a large percentage of older workers tend to be self-employed and/or start micro-businesses.” Continuing on, “about 27% of Americans aged 65+ that are still in the workforce are self-employed, compared to about 10% of the overall workforce.”

It’s clear from this survey that, “small business formation will be increasing as aging baby boomers choose to work past 65 and that older workers are much more likely to be self-employed than younger workers.”

woman holding open signMany of our clients have arrived with second careers and cottage businesses and are looking to keep on with their active lives. If you are considering starting a new Delaware business or are just interested in learning more about today’s social marketing scene, SCORE and various other civic organizations offer workshops and classes to acclimate you to today’s marketing trends and social networking slang and you just may leave with ideas you can use to build your new Boomer Business.

Straight Talk: The Owner’s Role in Business

Monday, March 31, 10:15am-2pm, Wilmington, DE

Looking to start your new boomer business in Delaware? Struggling with new marketing, advertising and social media strategies can be confusing. Join others of like mind at Brandywine Hundred Library on Monday March 31 from 10:15am-2pm for some of SCORE’s ‘Straight Talk’ and get the help to develop a workable plan. Touch on your role as a business owner and onsite experts will offer helpful hints and tips that you can use immediately to protect your business systems and improve your management and marketing efforts.  Click Here to register. Brandywine Hundred Library is located at 1300 Foulk Road in Wilmington.

Let’s Talk Business: How to Succeed in Sussex County

Thursday, May 8, 8:30-11:30am, Georgetown, DE

This forum, sponsored by SCORE Delaware, WSFS Bank, and the Georgetown Chamber of Commerce will be held at the Sussex County Association of Realtors Conference Center in Georgetown and feature four successful Sussex County entrepreneurs: Matt Haley of Matt Haley Companies, Chris Schell of Schell Brothers, LLC, Shaun Tyndall  of Inclind, Inc. and Susan Wood  of The Cultured Pearl Restaurant sharing their business’ success factors.

This is sure to be a great opportunity to open new local networks, meet our sponsors and ask questions of those who have started and grown very successful businesses in Sussex County. Seating is Limited and Registration is required, register here. The Sussex County Association of Realtors Conference Center is located at 23407 Park Avenue in Georgetown.

SCORE DE logoFor more information or to view other educational opportunities, contact SCORE Delaware via email, by phone at 302-573-6552.


Active Adults Realty Walks for MS in May

Join us on May 30 when Active Adults Realty Walks for MS in Bridgeville

Heritage-Shores-MS webBridgeville, DE- Active Adults Realty “Walk for MS” on Friday, May 30 at Heritage Shores in Bridgeville, Delaware. We’re building a Walk Team, would you like to join us?

“Walk MS” connects people living with MS to those who care about them. By forming a team to walk at Heritage Shores on May 30 this year, we hope to help create a world free from MS. If you are interested in sharing a wonderful walk of camaraderie thru connection in lovely Heritage Shores, Delaware’s premiere active adult golf community, please contact our office via an email to and sign up to join us for this special event. Registration is at 5pm; the walk begins at 6pm. For more information on this and other ways you can support MS, visit

CLICK HERE to sign up and join us for this special event and be a part of our Walking Team, or COPY and PASTE the following link onto your browser window and meet us in Bridgeville for the Walk.