Grand Rapids Short Sales – Market Update

1 04 2010

Grand Rapids Short Sales getting some help from the Fed?

 The Obama Administration announced that they are going to be updating their housing rescue plan in an attempt to make it easier for troubled homeowners to sell their homes when they are worth less than their mortgages. Read more here. This certainly can’t hurt. The newest initiative creates a standardized process and adds incentives for so-called short sales.

Grand Rapids Short Sales make up a large part of our overall sales and there are many reasons that a home needs to be sold that way. Basically, if you have to sell your home due to some  sort of hardship but you owe more on it than it is actually worth, the only option is  to go the short sale route and your lender will have to agree to discount the loan balance on the house so that it can be sold. This is where a competent short sale negotiator is very important and is the reason we have hired a short sale negotiator specifically to work with the banks on your behalf.

The new initiative is supposed to create a standardized process and I think this is going to be a big help when working directly with the banks. We have already seen Bank of America switch to a new system called Equator. It is an electronic system and we hope this will make things a little easier. Bank of America, Countrywide and a few others were notoriously slow, mainly because of the sheer number of distressed property that they handle.

If you are in this situation, have to sell your home but are unsure of what to do next, please feel free to give me a call at 616-570-1871 and let us walk you through the process and help you get out from under. For more information on Grand Rapids short sales and the Grand Rapids market in general, visit my website at GRRealEstateInfo.com or contact me anytime. It doesn’t matter what style of home you own or what area of town. We sell real estate in Grand Rapids and the surrounding areas including short sales in Ada Twp, Cascade, East Grand Rapids and the West Michigan Lakeshore. Luxury homes have also been and we are able to negotiate on your behalf as well.

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Grand Rapids House Values – Grand Rapids Real Estate

29 07 2009

 

Showing Some Lovely Homes Today – It’s a Buyer’s Market

Grand Rapids Real Estate The Grand Rapids Real Estate Market is still a buyer’s market. I am showing a client some absolutely stunning homes and I wanted to take this opportunity to point out how much values have dropped. Particularly in the Grand Rapids Luxury Home Market. Prices have dropped 20 – 30 % in some places and that translates into some incredible bargains. I get allot of inquiries from buyers that are using my Grand Rapids Real Estate website and my blogs, to search for homes. One of the most popular pages is the Luxury home page and Grand Rapids Waterfront page. The reason being that these high end homes have seen the largest price drops.

We’ll be looking mostly in the Forest Hills school system, which happens to be one of the areas premier schools. You can get homes with some acreage, over 4000 square feet, some will have waterfront access and/or views. The interiors will be decked out with granite, gorgeous floors using bamboo or european tile, green technology and you can purchase some of these under $500,000 now. And there are many of them out there to be had by the shrewd and patient home buyer.

For more information about the current market, contact me any time.





Staging Your Grand Rapids Home or Condo

21 12 2008

 

Home Staging – This Isn’t Your Mom’s Living Room Anymore

 

Grand Rapids Home Staging Inventory! If you are a homeowner in the Grand Rapids housing market and are thinking about selling your home or already have it on the market, then this is a term that you are going to be hearing often. There are a lot of homes on the market today. In fact, on our local board, the Grand Rapids Association of Realtors (GRAR), there are ~10,000 homes and condos for sale right now. That means that in any given neighborhood, your listing will have competition. In most of the condo developments and downtown Grand Rapids condos, there will be multiple units for sale. But this can be a good thing and you can use this to your advantage. This is where Staging Your Home can give you that advantage.

 

So what is Home Staging? Home Staging goes beyond cleaning and decorating. Staging is what you do after you have cleaned, painted, made minor repairs and decluttered. It’s about creating a mood. Staging can make your house look bigger, brighter, warmer, more loving and most importantly, staging can make homebuyers want to buy your home. Homes that sell fast in any given market share 3 similar facts;

  1. They are priced competitively with respect to similar listings.
  2. They show like model homes.
  3. Their agents use powerful and strategic marketing combined with great photos.

 The Dramatic! – (results may vary)

Before Staging After Staging

 

The Subtle! (more realistic)

Before Staging After Staging

 

In many cases staging your home involves subtle changes. Some cases require the dramatic renovation/repaint of a room but for the majority of circumstances, it is simple placement of furniture, good lighting, soft music playing and general decluttering of walls and counter space. If your home is vacant then it becomes even more important to have it staged. A vacant home is empty and cold while a staged vacant home is much warmer. Your Home Staging professional will have ‘props’ that highlight and focus attention on your home’s greatest features.

 

Home Staging

 

If you are going to stage it, do it the right way. Remember that you are investing your hard-earned cash. Using an Accredited Staging Professional is a must. Your home sells faster, it will get a better price and you can move into your next home quicker, taking advantage of this market and low interest rates.

 

For more information on the marketing that I use to sell homes and condos in the Grand Rapids area, visit my website at GRRealEstateInfo.com or contact me any time.