We Have Clients to Buy Your Grand Rapids Home!

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

Buying a Grand Rapids home? Search all homes for sale

This fall is a great time to be in the real estate market. Values are jumping right now, and it's a great time to sell. If you or anyone you know is thinking of selling, we have eager buyers looking for homes.

Let's go over our buyers. We have three buyers in the Wyoming panhandle looking for homes in the $200,000 to $350,000 range. We have two buyers looking in Grandville for a home priced between $100,000 and $220,000. We have a buyer in Jenison looking for a property priced between $100,000 and $165,000, and another in the Wayland area looking for a property with an acreage, barn, and possibly woods priced between $200,000 and $250,000.

We also have two buyers interested in waterfront property, and they are open to negotiation on the price.

If you or anyone you know is interested in selling their homes, please give us a call or send us an email. We look forward to hearing from you!

How Can You Get Top Dollar for Your Grand Rapids Home?

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

Buying a Grand Rapids home? Search all homes for sale

When selling, most homeowners want to know what they can do to get the most money for their home.

Not long ago, I went to a friend's house, looked at their home, did all the measurements, and determined that their home is worth a maximum of $155,000. I then gave them some staging tips, did some professional photography, and got the house ready to show. Over the next couple days, we generated multiple offers and a bidding war.

Once a few great offers were submitted, I told the potential buyers to go back and send in their best offer. This resulted in an incredible offer of $160,000! This was fantastic, as the friends I was helping had a dream of getting a new home; they wanted something beautiful for their family. The next day, we went out and bought a house for them that was exactly what they wanted!

This story demonstrates why now is a great time to take advantage of the market. Interest rates are fantastic, at around 4%, but they won't remain that low for long. If you want to take advantage of this fantastic market, please don't hesitate to reach out to me. I would love to hear from you!

Why Aren’t Millennials Buying Homes More Frequently?

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

Buying a Grand Rapids home? Search all homes for sale

One thing we know for certain about the real estate market is that it is never going to stay the same for long. Today we want to talk about an interesting trend we’ve noticed in real estate: millennials are waiting longer to purchase their first homes than their parents did.

The typical first-time buyer now rents for an average of 6 years before buying a home, which is up from 2.6 years in the early 1970’s, according to Zillow.

We came across this great video on the topic from CNBC. Here are my three biggest takeaways from the video.

1. Down payments are a huge factor

Renters in today’s market are struggling to save for down payments and qualify for mortgages. Most first-time buyers still depend on personal savings for at least some of their down payments, but rising rental prices have complicated the task of socking away money for a down payment.

2. Rising rental rates are complicating things as well

Rental rates are causing 46% of renters aged 25-34, to spend more than 40% of their incomes on rent, up from 30% a decade earlier.

3. Job security is important to millennial buyers

The Money Source, a mortgage lender, examined applications from 5,404 millennial buyers and found that these buyers averaged nearly 4.5 years in their field of work and had held their current job for slightly more than three years. Those figures point to how critical career stability is to a younger generation.

Thanks for joining me today. If you want to read the full article, click above. Otherwise, give me a call or send me an email if you have any questions. Talk to you soon!