Where Is the Housing Market Headed for the Rest of 2020? [INFOGRAPHIC]

Where Is the Housing Market Headed for the Rest of 2020? [INFOGRAPHIC]

Where Is the Housing Market Headed in 2020? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The housing market is forecasted to finish the year with growing strength.
  • Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise.
  • If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today.

Source: Michigan Real Estate Updates

Top Real Estate Agent Grand Rapids Michigan Shares Tips for Houses For Sale

20 Tips For Selling Your Home

Consistently when meeting with clients who want to sell their home in Great Grand Rapids Michigan Area and the surrounding West Michigan Area, the number 1 question on their mind is:

“What are the top things I can do to my house right now to get it sold?”

Often this is followed with the thought of “for the most money” or “as fast as possible” or “both….”

Know that it does not need to be hard – or expensive.

Some simple details go a VERY long way in being successful in selling your home. Helping you net more money and helping it sell faster…..

Step 1: Use handy check list to review your house:

top real estate agent grand rapids michigan 20 tips
top real estate agent grand rapids michigan 20 tips

Step 2: Don’t do the wrong stuff:

Countless times sellers have done the wrong improvements thinking there were helping their house and value only to find out it was the wrong idea.

An onsite visit, where we tour your home together can avoid this and help you maximize your sale.

Step 3: Connect to sell:

  • When listing your house for sale, your top goals will be the focus for right the strategy.
  • There are many small projects that you can do to ensure this happens!
  • An onsite visit will help us create specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Message me now and we can get started on achieving your goals!

About John Rice: Referrals from past clients, passion, and a drive to succeed have placed John Rice as a top ranked REALTOR in the Greater Grand Rapids, MI and West Michigan Areas. John Rice consistently ranks in the top 2% of Berkshire Hathaway HomeServices Real Estate agents nation wide. Using his exclusive HOMESt.A.R. approach, John Rice works with you as the seller to understand your goals and then together craft the best approach to achieving your real estate goals.

johnriceonline
Top Real Estate Agent Grand Rapids Michigan Shares Tips for Houses For Sale https://t.co/mVkaOPyAT4… https://t.co/Gtu4DLzKMf

Top Real Estate Agent Grand Rapids Michigan Shares Tips for Houses For Sale
20 Tips For Selling Your Home “What are the top things I can do to my house right now to get it

We have worked with John to sell 1 home and buy 2 homes and he is an incredible realtor! He is professional, prompt with communication, honest and patient. We had quite the list for what we were looking for and John was always available to answer questions and get us in to look at a home. His knowledge and connections in the industry made both the buying and selling process go smoothly. We simply cannot recommend John enough!
Chase and Nicole O
We just want you to know how much we appreciated your competent service in listing and selling our home, much loved for the last 26 years. Your quiet confidence and patience were most helpful in getting to "SOLD." Doing so during the pandemic panic, at a time when you were obeying the governor's "stay at home" orders, amazed us. You may look like the mild mannered Clark Kent, but during the pandemic, you performed like Superman! Thank you,
John and Lydia T
We can’t say enough good things about John. He is an awesome realtor! We bought our home with his help and just recently sold it with his help. He is highly knowledgeable about the Grand Rapids area market and his expertise and professionalism has shown through both times we worked with him...John is a wonderful communicator and a genuine person. His sincerity has been evident in his commitment to making the purchase and sale experience as seamless and informed as possible. We consider ourselves incredibly fortunate to have worked with John and strongly recommend him without reservation!
E&T VanBuskirk
It was a wonderful experience working with John. His professionalism, honesty, experience, and knowledge of the Grand Rapids market, helped us in multiple ways. John sold our home in one day, was honest about what we could expect from offers, and was spot on. As we progressed toward finding our new home, again, he was extremely knowledgeable about the neighborhoods, home values, and history of the homes. We are more than happy to say, that he helped us find our dream home within our budget! Anything I needed, he was there through emails, texts, or phone calls. He definitely put in a lot of work for us. Without a doubt, I will ask for his assistance again when the time comes. Thank you John!
T&A Lascari
John helped us sell our house when we moved out of Grand Rapids 3 years ago and recently helped us purchase a new house when we moved back. He is very professional and knowledgeable of the area and market. I would recommend him to anyone looking to buy or sell.
S&K Weber
I honestly can't say enough good things about John. He has helped my family buy two homes and sell one home, and each time he has been knowledgeable, responsive, respectful, and has taken care of everything that we needed. I would recommend John - and only John - to anyone looking for a realtor and I know that he will give them the same service that he gave to me
T&A Osburn
Purchased and sold with John, he is: Professional, an extremely good communicator, precise, and acted on our behalf 24/7. He kept us up to date on listings for purchase and preparation advice for selling our home. He was knowledgeable about neighborhoods. Photography for sale of our house was impressive. We were appreciative of the guidance regarding making offers, inspections, when to list our home, writing contracts, detailed review and presentation of offers on our home and being realistic about our purchase of new home. Great experience, Great Realtor.
J&G Junod
My family and I were referred to John by my sister. ... I am not sure what we would have done without his help and guidance through both the selling and buying process...John is extremely professional, and you can tell that he loves his job and takes it very seriously. I would recommend him in a heartbeat!
M&J Helms
John is an excellent realtor! He was very kind, honest, professional and thorough throughout the entire process. My house sold within 24 hours. I highly recommend John Rice if you are considering selling your home!
Rebecca P
We chose John as our realtor...(h)e came to the listing appointment incredibly well prepared, had some great suggestions on better staging the home and followed through on every commitment. Even more important, we had a full price offer the first day on the market and ended up selling the house for about $10k above list price. I know it's easy to be pleased with and recommend a realtor when you sell above list, but John was thorough, professional, accessible and generally pleasant to be around. I would highly recommend John and his team to anyone with real estate needs.
D&M Grimes
John is a very professional and thoughtful realtor! He has quickly become our family realtor and we have done several transactions with him. As a industry professional he always brings his "A" game whether it's helping me with showings, consulting on potential projects, or the phenomenal value he brings as a listing agent. I strongly recommend John Rice and his team.
Eric and Sarah C
John Rice is the professional realtor you want in your corner when it comes to real estate investing. His experience, extensive contacts, and resources to get you into profitable deals makes him one of the best to work with in the real estate industry. We always use John Rice.
Rob D
"John really went to work for me. He SOLD my old home in 2 weeks and was patient with me as we looked for a new home. He really seems to understand the market and how to execute the whole deal. I would list with John in a heartbeat. If your considering buying or selling, John will make you very happy."
Jack & Stacey N
"When John Rice came to us our house had already been on the market for 2 years. We had almost given up hope of selling our house. Within 3 months John brought us two offers and our house was sold. He also helped us find our new house as well. We highly recommend John, whether your house is worth a little or a lot, John Rice will give you great personal and friendly service with the utmost professionalism."
Skip & Sara Coryell
It has been a GREAT experience working with the “Rice Team” while my wife and I were both selling our home and purchasing a new one. Great, because when working with them, they made us feel as though we were their most important clients. They were readily available when we had questions, which there were plenty, and they were very patient with us through the entire complex process of selling/purchasing our home, taking extra time to explain and making sure that we understood all of our options.
The Henry’s
The Rice team covered every angle to assure that the sale of our home took place in a timely and efficient manner, making this a pleasant experience.They were easily accessible and able to answer any questions that arose throughout the entire process. It was a great pleasure working with them and we will work with them again.
Justin & Jaime Beckstrom
Having moved 600 miles away before listing my place meant I needed someone who I could trust to take care of getting my home sold. John and Ashley went above and beyond. They really surprised me. They took care of the details I would have never thought of and more. The research they did before the listing was excellent, without it I would have sold my house for a lot less than what it’s worth. This was my third home and I can say that I have never had a better experience with a realtor. Thanks for everything!
R Richards
Dear John, I wanted to take a moment and thank you both for the professional way that you handled our listing. As you know our house had been on the market for a considerable length of time with a different realtor. Once we made the decision to switch realtors, Jason and I had told ourselves that we were going to interview many different realtors so we got the one that would be right for us. You were our first and only interview that we did. Your professionalism and amazing presentation blew us away and as you know we signed with you two on the spot. At the time of the listing it was early December and we all fully agreed that we needed to hang with this listing through the tough winter months and would really look forward to something positive happening in March. Within 5 days of signing with you, we had an offer and 3 weeks later, we were sitting at a closing table....Thank you again for helping us. Please know we will be referring you to anyone that is looking for a Realtor. Sincerely,
Jason & Christine
During the sale of our old farmhouse and purchase of a new property, John Rice was a skillful professional. His positive attitude was infectious and inspiring. He possesses a knowledge of the local market and industry trends that is encyclopedic. As a young physician, my schedule is very hectic. I am amazed at how quickly John was able to respond to my phone calls and correspondences at all times. He consistently answered any questions we had within a few hours (most often within minutes). He always made my wife and I feel like we were his only clients as he focused his attention on our sale. Of course, there are many Realtors who may share some of those aforementioned qualities. However, the thing that sets John Rice apart is his tangible desire to share in our vision and help us realize our family’s dream. My wife and I always had the sense that from the first day we met him, John understood us and really desired to help us achieve those life-long goals. Needless to say, I now enthusiastically refer him to all of my friends and family. To any physicians or health-care professionals who are interested in moving their practice to our blossoming medical community in West Michigan, I urge you to contact John Rice and make him your ally too! Sincerely,
Joshua D. Vander Lugt, MD
Medical Director of Emergency Services / Spectrum Health – Gerber Memorial
John was very professional and a pleasure to work with. He is very knowledgeable about the real estate business. All of our questions were answered that arose during our buying experience and he kept us well informed of the next steps in the process. I would recommend him to all of my friends and family as the realtor to use for any real estate transaction whether it is buying, selling or even renting a home.
Vera & Jeremy D

The Ultimate Get Away: Marquette Island Cabins and Acreage

Marquette Island – 8.4 Acres for sale

The ultimate get away – 8.4 Acres on Marquette Island with over 896 feet of private waterfront on Duck Bay in the Les Cheneaux Islands of Lake Huron. Accessible by boat, this incredible land offers the ability to have true solitude. Here you have everything you need: fish the waters, shelter with the cabins, on-site electric and running water. This one-of-a-kind site has kept its natural beauty while offering on-site electric, water, 2 log cabins, cook shelter and more.

2020 Homebuyer Preferences [INFOGRAPHIC]

2020 Homebuyer Preferences [INFOGRAPHIC]

2020 Homebuyer Preferences [INFOGRAPHIC] | Simplifying The Market

2020 Homebuyer Preferences [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.
  • Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment.
  • Let’s connect today if your needs have recently changed and you’re ready to make a move this year.

Source: Michigan Real Estate Updates

Marquette Island: Cabins on 8.4 Acres For Sale

Marquette Island – 8.4 Acres for sale

The ultimate get away – 8.4 Acres on Marquette Island with over 896 feet of private waterfront on Duck Bay in the Les Cheneaux Islands of Lake Huron. Accessible by boat, this incredible land offers the ability to have true solitude. Here you have everything you need: fish the waters, shelter with the cabins, on-site electric and running water. This one-of-a-kind site has kept its natural beauty while offering on-site electric, water, 2 log cabins, cook shelter and more.

For Sale: Forest Hills 4 Bedrooms 4.5 Baths 2.92 Acres

This incredible Flowers Mills residence designed by Jeff Visser, built by Andy Vandermale, and landscaped by Tom Rooks, features serene scape, timeless design, and quality craftsmanship. With the perfect combination of floor plan and location, this cul-de-sac setting includes 2 lots and offers privacy perfect for both quiet enjoyment and entertainment. From the brick patio, or one of the many decks, enjoy peaceful views of the wetlands. Tour the links for the walk through video and virtual tour to appreciate this amazing home offering main floor living, 3 stall garage, with superb layout offering plenty of room for everyone. Located in the award winning Forest Hills Eastern school district, walking distance to Grand Rapids Township Park, Forest Hills Trails and more. …walking distance to Grand Rapids Township Park, Forest Hills Trails and right around the corner from Knapp Corners for easy shopping, dining and entertainment. Only minutes from downtown with easy access to major highways.

20 Tips For Selling Your Home

20 Tips For Selling Your Home

What are the top things you can do to my house right now to get it sold?

Step 1: Use handy check list to review your house:

Step 2: Don’t do the wrong stuff:

Countless times sellers have done the wrong improvements thinking there were helping their house and value only to find out it was the wrong idea.

An onsite visit, where we tour your home together can avoid this and help you maximize your sale.

Step 3: Connect to sell:

  • When listing your house for sale, your top goals will be the focus for the strategy.
  • There are many small projects that you can do to ensure this happens!
  • An onsite visit will help us create specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Message me now and we can get started on achieving your goals!

Home Sales Hit a Record-Setting Rebound

Home Sales Hit a Record-Setting Rebound

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.

According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June: 

“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic…Each of the four major regions achieved month-over-month growth.”

This significant rebound is a major boost for the housing market and the U.S. economy. According to Lawrence Yun, Chief Economist for NAR, the momentum has the potential to continue on, too:

“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown…This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”

With mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment. The report also notes:

“The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400), as prices rose in every region. June’s national price increase marks 100 straight months of year-over-year gains.”

The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market:

Yun also indicates:

“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply.”

Bottom Line

Buyers returning to the market is a great sign for the economy, as housing is still leading the way toward a recovery. If you’re ready to buy a home this year, let’s connect to make sure you have the best possible guide with you each step of the way.


Source: Michigan Real Estate Updates

A Remarkable Recovery for the Housing Market

A Remarkable Recovery for the Housing Market

A Remarkable Recovery for the Housing Market | Simplifying The Market

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.

Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.

Ali Wolf, Chief Economist, Meyers Research

“The housing recovery has been nothing short of remarkable…The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”

Fannie Mae

“Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”

Javier Vivas, Director of Economic Research for realtor.com

“All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels.”

James Knightley, Chief International Economist, ING

“At face value this is remarkable given the scale of joblessness in the economy and the ongoing uncertainty relating to the path of Covid-19…The outlook for housing transactions, construction activity and employment in the sector is looking much better than what looked possible just a couple of months ago.”

Bottom Line 

The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.


Source: Michigan Real Estate Updates

For Sale: 1565 Sage Ct NE Forest Hills Schools

This incredible Flowers Mills residence designed by Jeff Visser, built by Andy Vandermale, and landscaped by Tom Rooks, features serene scape, timeless design, and quality craftsmanship. With the perfect combination of floor plan and location, this cul-de-sac setting offers privacy perfect for both quiet enjoyment and entertainment. From the brick patio, or one of the many decks, enjoy peaceful views of the wetlands. Tour the links for the walk through video and virtual tour to appreciate this amazing home offering main floor living, 3 stall garage, with superb layout offering plenty of room for everyone. Located in the award winning Forest Hills Eastern school district, walking distance to Grand Rapids Township Park, Forest Hills Trails and more. …walking distance to Grand Rapids township park, Forest Hills Trails and right around the corner from Knapp Corners for easy shopping, dining and entertainment. Only minutes from downtown with easy access to major highways.

This incredible residence is offered with 2.36 acres (lot 47) or with an additional lot at 2.92 acres (Lot 47 and 48.)

Click below for details: