Buyers and Sellers this is your time. Why both of you? Because from July to end of September is often the busiest selling season – so seller’s it’s time to get your house on the market. Buyers – it’s your time too! Why? Because much of the greater Grand Rapids area remains a buyers market. With interest rates still on your side – yes they’re still good rates !!!! Check with anyone who bought a home in the 80’s (interest rates were over 12%- OUCH!) Plus, home valuations continue to rise and cost of new construction continues to rise BUT the cost of existing homes has remained relatively stable due to market saturation. About the only bad news for a buyers is that it’s tough choosing from all these great homes for sale! Trust me – that’s not really bad news – besides Ashley and I can help.
Our market observation? The homes with little needing to be done (i.e. cosmetic and structural) are selling the quickest. With new loan programs out there buyers are still able to purchase properties that need even major work and are able to roll the costs into their mortgage (ask us for the details on this one – our mortgage contact can help you and financing options vary by house and by person.) All in all the market is slower than we’ve seen in the past 3 years but homes are still selling. West Michigan remains the strongest section of our state and with new things on the horizon in downtown GR and surrounding areas – things remain positive.