Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Advice for agents who have been working with a buyer for a year.

Advice for agents who have been working with a buyer for a year.


Interest rates have been gradually increasing in recent months. It may hurt the housing market . I had a buyer who looked at homes last year and decided to wait . The prices of homes in the community that she likes have increased and rates are higher. She may not buy a house and will continue to rent.

Most agents these days have the buyer talk to a lender before showing them homes so they know that the buyer can quailfy for a certain price range based on credit and income.

The rates have increased in the last year so if you were looking at homes based on last year's rates, you may want to see if their income has increased or whether they have more money for down payment or show them lesser priced homes.

Another thing that has happened is changes to FHA . Please have your buyers talk to a lender again because of changes that took place on June 1.

We have no idea what is going to happen with interest  rates so it may be a good idea for buyers to talk to lenders and see if they can lock in rates when they apply for the mortgage . Buyers have to specially careful when it is a short sale. It may take several months to close.

Buyers buying new construction should also be careful because you may not be able to lock in the interest rates if it will take too long for completion. Check with the lender and see if the builder has some program.



When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site


She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email


 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.



Comment balloon 13 commentsGita Bantwal • June 27 2013 03:53AM


Good morning Gita,

Good tips for agents who are working with buyers! Interest rates are moving up (as we all know it would have to at some point), homes prices are escalating and inventory is low. Hard decisions need to be made if buyers are going to make a home purchase!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) about 5 years ago

Dorie, Those sitting on the fence should buy soon.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 5 years ago

I always want to be sure the buyers are ready.  But now I am getting a little more insistent that they decide quickly.  Not only are rates going up, but homes are selling in less time.  Good points Gita.

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) about 5 years ago

Some excellent advice, Gita.  Buyers need to understand that there's a very real chance that prices and rates will continue to increase and this may be their best time to buy a home in the foreseeable future.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 5 years ago

Good tips Gita. Buyers have to realize that the market is changing and waiting is not an option anymore!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 5 years ago

Gita: It is smart business to contact all the long-term leads and give them the latest information...if they decide to continue sitting on the fence they may put themselves in a lower price point as interest rates rise.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) about 5 years ago

Excellent points , Gita.  Those who are on the fence should definitely jump. Problem here is that we definitely have low inventory and multiple offers are coming in on most properties in the $250k and below price range for single family homes.

Posted by Dick and Dixie Sells, Realtors, Tampa Bay Florida Homes For Sale (Sells Real Estate, LLC) about 5 years ago

Gita, I think we all can relate to some buyers who we have had for quite some time....yes, great points, we need to confirm they still can afford a home, are aware of finance changes, get updated letters of preapproval, one likes to waste time and effort!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 5 years ago

Gita, great advice for buyers still on the fence with the increases happening both with rates and housing prices.   

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 5 years ago

I have been working with several buyers for over a year and have told them interest rates are going up as are prices. The problem is: our inventory is extremely low. this makes it difficult to find 'the right' home.

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) about 5 years ago

Gita things are changing fast.   These buyers who took their sweet time making a decsion will find out they can afford much less than earlier in their search ,and it will cost more now that the interest rates are going up.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) about 5 years ago

I think the buyers forgot their original intention.  Buy a home.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 5 years ago

Laura, I agree. Buyers should make up their minds soon or they may find themselves in multiple bid situation.

Gabe, Buyers should read your comments.

Larry and Sheila, I agree.

Anita, Thank you for the tip. I will do it this weekend.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 5 years ago