What Do Rising Inventory Levels Mean for You?

What’s been going on in our real estate market? Now that 2018 is half over, it’s time to take a look at how conditions have changed.

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Now that we’ve reached the year’s midway point, inventory is increasing. These days I’ve been going on six to 12 listing appointments each week. So what does this mean for you? Well, this boost in supply is good news for buyers. If you or someone you know has been thinking of making a home purchase, now is a great time to start your search. And, as always, my team and I would love to help you achieve your real estate goals, whether you’re buying or selling. To hear my full message on our market, watch this short video.

What Does Our Inventory Tell Us About the Market?

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Lately, I’ve been getting a lot of questions about our housing inventory and what it means. I wanted to talk to you about why the number of homes that are on the market is so important.

Housing inventory is a measure of the number of homes currently on the market. A good level of inventory is at least six months' worth of homes on the market at one time. The number of homes on the market does have a significant impact on your home’s value.

"With such a small supply, we have buyers stacking up."

With such a small supply, we have buyers stacking up who are all waiting for homes to be listed on the market. When we have a situation like this, it often can lead to multiple offers and offers above asking price.

If you have any questions, give us a call or send us an email. We would love to hear from you.

How to Find Your Dream Home in Grand Rapids

Selling your Grand Rapids home? Get a free home value report

Buying a Grand Rapids home? Search all homes for sale

The Grand Rapids market is awesome, but it’s not as hot as many people would think. Right now, you can list your house for sale. You can have an extended close or possession period. That gives you enough time to look for and purchase a new home to move in.

There’s not a ton of available inventory in our marketplace. However, if you plan ahead with extended timeframes, we assure you can find your dream home.

Who do you know that’s thinking about selling a house? We have a high demand in surrounding neighborhoods. As a local professional, I have several pre-approved buyers looking for a home of their home as well.

"Let’s plan ahead."

With that in mind, when you need to sell your home, you’ll need to buy one, too. Let’s plan ahead.

Additionally, my clients earn the most profit when their property is clean and organized. Before listing your home on the market, be sure it’s in pristine condition! Don’t miss out on top dollar.

If you have any questions about this topic, reach me by phone or email. I’d be happy to answer any questions you might have!

The Grand Rapids Market Today

Selling your Grand Rapids home? Get a free home value report

Buying a Grand Rapids home? Search all homes for sale

I’m excited to let you know the Grand Rapids real estate market is booming right now! Sellers are actively listing their homes and within two weeks, they’re already earning top dollar from a sale. It’s an excellent time for buyers and sellers alike.

If you hire our office, we’ll first visit your home and examine the property. We’ll let you know the true value and share staging tips. We want to add value to your home with simple fixes. Additionally, if you’ve attempted to sell your home before and it was unsuccessful, I can help you sell your home this time around! I might even be able to help you earn more money for your property compared to the previous agent.

Give me a call or send me an email today! Let’s work together. I’d be happy to answer any questions you have.

Why Is 2016 Going to Be an Amazing Year?

Selling your Grand Rapids home? Get a free home value report

Buying a Grand Rapids home? Search all homes for sale

We are really excited about 2016 here in Grand Rapids. All signs are showing that it's going to be another amazing year. Our team had a record year in 2015, as we were able to help over 200 families get into homes. We also ended the year highly ranked on Zillow, Trulia, and Realtor.com. 

We are very thankful for all the business and referrals we've gotten over the year. Thanks to all of you! Today we are going to talk about a few things that you should keep in mind if you are thinking about taking advantage of the conditions in our real estate market this year. 

The most important thing you can do in this market is plan ahead. You'll need to do some research on what homes in your area are selling for, and what price yours could possibly fetch. We would love to come out to your home and do a thorough market analysis, giving you the most accurate value possible. Give us a call and we can schedule an appointment.

One thing I also wanted to mention was to be wary of using automated home value estimators. Even ones like ours are prone to mistakes, as recently it valued a client's home at $125,000, when it was actually worth four times that amount. We apologize for that, but it's important to remember these estimates are just estimates. Having us come out to give you an accurate assessment by looking at your home in person is the best way to know your home value.

Another thing to keep in mind is that interest rates are incredibly low right now. I just talked to a loan officer, who told me you can get a 15-year mortgage for 3.75% interest right now. Rates have actually come down a little bit lately, but they are only going to go up from here on out. 

If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you!

3 Things You Should Know About Grand Rapids Real Estate

Selling your Grand Rapids home? Get a free home value report

Buying a Grand Rapids home? Search all homes for sale

Hey everyone, today I wanted to talk to you about 3 things that have been happening lately in Grand Rapids Real Estate. Here they are:

1. It's a hot market right now, but people are paying way too much for homes. If you find a home you want to make an offer on, give me the address. I can analyze it for you and tell you what it's really worth, and what you should be paying for it.

2. Make sure you get the home inspected. I have great inspectors who can check everything from head to toe in your home to make sure it's in proper working condition. 

3. You can't forget the home warranty either. We have partnered with a home warranty company who will cover your home on all major items for 1 year. 

If you are looking to buy or sell in Grand Rapids or know somebody who is, give me a call or send me an email. We look forward to hearing from you!

Where Is Your Grand Rapids Home Value Heading?

If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.

Hey there, everyone. Today I wanted to announce that I have switched companies, and am now working with Keller Williams Rivertown. I am now located on Canal, just north of 44th.

I am very excited to be joining the Keller Williams family. Their dedication to great technology and awesome marketing has us really excited about what this year will bring.
 
Recently, we saw a report that shows home values in Grand Rapids have surpassed their highest market value in 2006, the peak year before the crash. If you're interested in taking a look at what your home may be worth in this market, feel free to give me a call or send me a quick email. I look forward to hearing from you soon!

Happy Holidays from Larry Martin

If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.

This year has been an incredible one in the Michigan real estate business. Home values have really started to rise, and the market has been hot. So far in 2014, we have helped 170 families find their new homes. Our listings are also selling very quickly, which we are equally as thankful for.

I just wanted to take a moment to say how much I appreciate you trusting me enough to refer your friends and family to me. I always strive to provide the same level of service for all our clients, and we are so thrilled to help past clients and their referrals.

So, from the bottom of my heart, I wish you all a very Merry Christmas and an equally Happy New Year. In the meantime, if you have any questions for me about real estate, I am always here to answer them. Have a safe and happy holiday season!

Our Market Is Looking Great Heading into Fall

If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.

The last 60 days have been red hot here in Grand Rapids. We're having a record year at Realty Executives and there appears to be no end in sight.

For example, just last week we listed a friend of ours' house. He said he wanted $130,000, but we were able to get $140,000! That extra money went a long way in helping to pay off some of his student debt and car loans. Then, we got him in his next house with zero percent down on a $300,000 home! Because he was able to get a low payment and favorable conditions, he could pay off his debt. 

This example goes to show how hot our market is. You can sell your home quickly and for top dollar, and then lock in a low interest rate on your next house! If you're interested in taking advantage of these fantastic conditions, don't hesitate to reach out to us. We'd love to help you make something happen!

Things are Heating Up in Grand Rapids - What Might it Mean for the Value of Your Home?

If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.

Today we've got some good news on home prices in the Grand Rapids area. In some areas, homes values are up as much as 10%! People who have sold their home in this market have had great success getting top value, making now the perfect time to consider putting your home on the market. 

How can you ensure you get the most out of this thriving market? We take professional pictures of the house in order to get the buzz machine going. We expose your home to countless numbers of people through craigslist, Zillow, Trulia, and many, many more online home search resources. We'll give you a 24-hour notice before coming to look at your home and offer staging advice to make it look as unique as possible. 

Taking advantage of these conditions is easy when working with us - we will walk you through the entire process. If you are looking to buy another home, we will ensure you have plenty of time to sell your home, buy your next one, and make the transition in one move. It can be tricky, but we've done it successfully hundreds of times so there is no need to fret.

Now is the time to act and we're the team to help you do it. For all your buying and selling needs, simply give us a call or shoot us an email. We want to help you take advantage of this fantastic market!

Real Estate Market Update for Grand Rapids in Spring 2014

If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, Search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a Free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.

Real Estate Market Update for Grand Rapids in Spring 2014

Today I wanted to give you a market update for what's happening in real estate in the Grand Rapids area. My goal is to educate and inform you so that you can make more informed decisions when it comes to real estate.

• Home prices have gone up by 10% in some parts of Grand Rapids.
• We are in a seller's market: We have many more buyers than we have homes for sale. If you're a seller this means that you will be able to sell your home for much more money.
• As an example, my friend called and needed to sell her home out by Woodland Mall. She had told me that she wanted at least $120,000 dollars for it. I went in and inspected the property and then told her that she could actually sell it for $140,000 with the current market conditions.
• We then listed her property at $140K and within 2 weeks we had a qualified buyer that was very near her asking price.

When I sold this home I had to make sure that it was priced accurately, staged correctly, and marketed well. I went in and told this client to make sure that it was decluttered and ready for a showing.

After it was market ready we brought in our professional photographer and listed it. The rest is history because it pretty much sold itself.

So, if you're in the Grand Rapids area and are considering selling, you should speak with me. You can get much more out of your home than you think if it is staged well and priced accurately. My pricing strategy will ensure you a good sale for top dollar.

Please contact me via phone or email if you have any further inquiries. I would be happy to help you sell your Grand Rapids property.