Archive | BUYERS

40 Acre 15 Lot Development – Now Available

1-15 Woodland Creek Trl Lake Odessa, MI 48849

Prime Development Opportunity with 15 lots, road, and more. This 40+ acre site condo community has been approved under the name of Wood Creek Farms Condominiums and features 15 multi-acre sites. Each site offers large building envelopes, well designed open space and each site perks! With Woodland Creek bordering the East and Little Thornapple River bordering the North, this development offers amazing opportunity to create a landscape future home owners will love. First layers of road have been laid and initial well has been dug, and perk tests performed.

Valentine’s Day Trends vs The Housing Market

First Comes Love… Then Comes Mortgage? 

First Comes Love… Then Comes Mortgage? Couples Lead the Way | Simplifying The Market

WalletHub Recently reported: “…men will spend the most on the holiday, an average of $339. Women spend around $64, according to a survey by WalletHub.”

 

Source: WalletHub
 
How about the housing market? Does the trend continue? 

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.

However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.

Here is the breakdown of all first-time home buyers in 2018 by percentage of all buyers, income, and age:

First Comes Love… Then Comes Mortgage? Couples Lead the Way | Simplifying The Market

Bottom Line

Conclusions aside

Those who have already purchased their first homes have paved the way. Let’s get together to determine if your dream home is already within your grasp!


Source: Michigan Real Estate Updates

How To List Your Home for the Best Price

 

How To List Your Home for the Best Price

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.

The map below shows the results of the latest index by state.

How To List Your Home for the Best Price | Simplifying The Market

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.

This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast by state.)

How To List Your Home for the Best Price | Simplifying The Market

So, how does this help you list your home for the best price?

Armed with the knowledge of how much experts believe your house will appreciate this year, you will be able to set an appropriate price for your listing from the start. If homes like yours are appreciating at 4.0%, you won’t want to list your home for more than that amount!

One of the biggest mistakes homeowners make is pricing their homes too high and reducing the price later when they do not get any offers. This can lead buyers to believe that there may be something wrong with the home, when in fact the price was just too high for the market.

Bottom Line

Pricing your home right from the start is one of the most challenging parts of selling your home. Before you decide to list your house, let’s get together to discuss where home values are headed in your area!


Source: Michigan Real Estate Updates

Waterfront Residence Minutes From Downtown

Private lake frontage, minutes from downtown…This is a rare opportunity to own an impressive all-brick home of approximately 4,800 square feet on one of the most desirable streets in Grand Rapids. This home features a large frontage on Middleboro Lake (210 feet) and sits on 1.123 landscaped acres (3 lots)on a quiet-street with a cul-de-sac. There are 4 bedrooms and 3 full bathrooms, each of which has been remade and modernized during the past eight years. This home is just minutes to downtown, the Medical Mile, shopping, restaurants, and major highways….

111 Middleboro Details

The KonMari Method: Helping You Prep Your House For Sale

The KonMari Method: Helping You Prep Your House For Sale

The KonMari Method: Helping You Prep Your House For Sale | Simplifying The Market

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house.

Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.

“The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.”

When you subjectively look at all of your belongings, you can sort through the ones that mean the most to you. Not only will you increase space for more joy-bringing items in your new home, but you will also have a much easier time packing remaining belongings!

“Remember, tidying up isn’t about getting rid of stuff. It is about creating an environment that sparks joy and improves your quality of life.”

When selling your house, first impressions matter! Before you or your agent schedule a photographer to take photos for your listing, make sure to tour your home with fresh eyes. Look for any imperfections that a buyer might notice.

When you sort through your more sentimental items, consider packing them away to ensure that you know where they all are. That way, they are safe during open houses and showing appointments. This will also cut down on the amount of packing you need to do right before you move!

Bottom Line

Whether you are selling your house to move up to a larger one, downsizing, or moving in with family, only bring the items that truly spark joy for you. This will not only help cut down on the items you move, but also ensures that you’re off to a great start in your new home!

Source: Michigan Real Estate Updates

Island Private Frontage with Cabins – Incredible!

1943 S Duck Bay Trl, Cedarville, MI 49719

MOTIVATED SELLER – NOW IS THE TIME TO ACT – 8.4 Acres on Marquette Island with over 896 feet of private waterfront on Duck Bay in the Les Cheneaux Islands of Lake Huron. Land Contact Option Available. Seller will divide. This one-of-a-kind site has kept its natural beauty while offering on-site electric, water, 2 log cabins, cook shelter and more. NOTE: Seller will divide. Land Contract Terms Available.

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Gorgeous Home with 80 Acres

1062 80th Ave Evart MI

Incredible – 80 acres of amazing land with a large private lake, stunning completely renovated 3 bedroom 3 bath home with 2680 finished sqft, several out buildings, large pole barn with heated and insulated areas, separate well and more, near the home is also a nice shed – the perfect distance from the house for projects. All around the land are groomed trails, a running stream, established hunting sites, wonderful fishing, a place to get away from it all. The ”front yard” features an open field setting with several small stand alone cabins. This property is a one-of-a-kind, just far enough away to enjoy the quite, yet close enough to town to have natural gas heat and easy trips to the store for whatever you need. Shown by appointment only.

1062 80th AVE, EVART MI DETAILS

The Importance of Homeownership to the American Dream

The Importance of Homeownership to the American Dream

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month.

In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:

“After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent of Americans.”

At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:

“For both homeowners and non-homeowners alike, homeownership is strongly considered a part of the American Dream. For non-owners, roughly 75 percent reported that homeownership is part of their American Dream. For owners, nine in 10 believe it is part of their American Dream.”

Bottom Line

The belief among the vast majority of Americans, whether they rent or own, is that purchasing a home still remains a major step toward accomplishing the American Dream.


Source: Michigan Real Estate Updates

Why It Makes No Sense to Wait for Spring to Sell

Why It Makes No Sense to Wait for Spring to Sell

The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:

Why It Makes No Sense to Wait for Spring To Sell | Simplifying The Market

Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.

Bottom Line

Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.


Source: Michigan Real Estate Updates