The time is now for home buyers, especially, fisrt time home buyers!
Michael Weitzman • November 26, 2012
The Grand Rapids real estate market has been very hot now for 18-20 months. The Grand Rapids real estate inventory is at 8 year lows and home prices have not only hit bottom, but are starting to go creep up, but have a long way to go. Interest rates are still at very low numbers, like 3.5% for a 30 year fixed. With all of these factors, as The Sprich Group has been saying for 18 months, now is the time to buy and also, now is the time to sell. Homes that are in ” move – in – condition” and priced right, don’t last a week on the Grand Rapids real estate market. So, if you are thinking about being a “ first time home buyer “, and you are currently renting, buying is a better option for you. If you are thinking about selling your home , now is the time. The buyers are out there and, there are still good prices for buying.
Take a look at an article in the Wall Street Journal, “Will 2013 be the time for home buyers to jump?”. This article talks about why NOW is the time to buy!!!
When sellers put up a home, there are a lot of factors to consider. However, pricing is very important. Sellers understand that buyers can now research information, and they are now smarter than ever. So, they need to set a reasonable price for their homes. Besides, the initial price differentiates between a painless sale and months of frustration. Here are five common house pricing strategies sellers use.
Buying a home is a significant investment, and it can be an exciting process. You have read about how important it is to get pre-approved and pre-qualified to stand out from the competition. However, when the home appraises for less than the agreed-upon price during the home appraisal, you risk losing your home or your money. Here is a guide on appraisal gaps and how to deal with the difference.
Are you looking to settle in Grand Rapids? Grand Rapids offers a growing economy, low cost of living, excellent health care, diverse cultural options, and award-winning schools. Thus, it was ranked among the top places to live. Given the high demand for homes in Grand Rapids, the real estate market is hot, and sometimes, sellers have multiple offers to consider. So, how do you deal with multiple offer situations as a buyer?
If you are trying to buy a home, you are probably keeping tabs on the real estate market trend. The real estate market is constantly shifting, impacting buyers' purchasing decisions. Thus, buyers are always on the lookout for the perfect time when the prices are low to make a purchase. This guide will help you understand the two markets under real estate and how to tell when the market is shifting.
Are you planning on buying or selling a home? While the forces of housing demand and supply affect the market, so do seasons. The seasonality of the real estate market will vary according to location since each region has its nuance. Read on to understand how spring impacts the real estate market and why spring is the best time to invest in your dream home.
As the spring season approaches, it is time to get your home in order if you intend on selling. The real estate market goes up every spring, making it the best time to take advantage of the market and list your property. Preparing your home for listing could seem like a lengthy process for a first-time seller. If you would like your home to stand out among beautiful listed homes for sale in Grand Rapids, follow these tips.
As the market begins to shift and the interest rates start going up, the best time to make your investment in real estate is now. But where should you invest? - In Grand Rapids. Grand Rapids has become a favorite location for many real estate investors due to the competitive housing market and low cost of living.
You plan on selling your home and moving to a new location, but you can’t seem to decide the best town to move to yet. How about Grand Rapids? If you have been waiting for the best time to make an investment in real estate, it's time to make your move. The housing market has begun to shift, and the interest rates are expected to go up soon. So, if you would like your home to sell faster, list your property now for the best deals.
Are you on the lookout for real estate investment opportunities? Have you considered investing in Grand Rapids real estate? With an average population of 200,000 people, Grand Rapids is the second-largest city in Michigan State. The city shows more promise than other cities in the state, making it a prime area for investment. It has the following.
Buying a house is a dream many people would like to accomplish. However, government policies change with the ever-changing real-estate sector and the dynamics of homeowners. Besides finding a suitable mortgage lender, the next considered factor is the interest rate. After the pandemic, the real-estate sector has been significantly affected, and most finance corporations like banks and commercial lenders have lowered their interest to encourage investments. However, a low-interest rate is like stealing money, and a rate between 6 and 8 is a healthy interest rate. Read more about interest rates below.