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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Hillmount Condos Blowout Prices – Grand Rapids Downtown Condos

26 03 2010

Hillmount Condos Slashing Prices on remaining developer owned units!

Hillmount condos, located at the corner of College Ave and Cherry St, have announced a great promotion to sell  their remaining developer owned units. Prices have been cut, buyer incentives offered and we really like to hear that. Hillmount condos are one of those downtown Grand Rapids condo developments that have sold well over the last year or so. Building amenities include a great roof top deck, well equipped fitness center and WiFi throughout the building. Many of the units here have been upgraded and the most of them are bright and open. These condos are located just a few minutes walk from the downtown core in Heritage Hill, close to St. Marys and Cooley Law School.

The three remaining units that the developer is offering are large, 1 bedroom condos priced as follows:

  • Unit 102-$79,900 INCLUDING FULL FINISH
  • Unit 103-$89,900 FINISHED MODEL
  • Unit 201-$99,900 VERY UPGRADED FINISHED MODEL

All three of these floor plans are the largest one bedroom floor plans in the building and also include FREE DUES FOR ONE YEAR with a $5,000 gift certificate to Klingmans or Best Buy. If you’re not familiar with Klingmans, they are an upscale furniture store here in town.

Click Here to view the available condos for sale at the Hillmount.

For more information on the downtown condo scene, how to sell your home in this tough market or buying a home or condo, visit my website at GRRealEstateInfo.com or contact me anytime.

Don’t forget the Homebuyer Tax Credit deadline is April 30th, 2010. You need to have a signed purchase agreement in place by the end of April.





Realty Executives Comes To West Michigan

30 09 2009

The Platinum Realty Group is now affiliated with Realty Executives.

Grand Rapids Real Estate

I am excited to announce that the Platnum Realty Group is now affiliated with Realty Executives. This is a great opportunity for everyone involved including our Realtors, their families, clients and business partners. The Platinum Realty Group has always been a family oriented broker that has always put customer service above all else. Affiliating with one of the fastest growing national real estate companies, with offices in 18 countries, opens up many doors and will only benefit our clients.

Realty Executives Platinum Group will now be able  to provide cutting edge marketing tools with which their agents can use to market their client’s homes. This increased national and international exposure can only help us sell these properties and open up doors to buyers relocating to the Grand Rapids area. For more information on the local Grand Rapids market or to request a Relocation Package, visit my website at GRRealEstateInfo.com or contact me any time.





430 Gladstone Ave SE – Grand Rapids Real Estate

25 09 2009

430 Gladstone Ave SE – Great New Listing in East Grand Rapids

Grand Rapids Real Estate Don’t miss this lovely 2 story in East Grand Rapids schools. Gorgeous hardwood floors throughout with large bedrooms, central air and central vacuum. A spacious kitchen comes with stainless steel appliances and a built-in desk. A very large and recently repainted living room features a gas fireplace and a cute sitting area over-looking the quiet wooded street. This home would make an awesome starter or investment property. Great location close to shopping, schools and the Gaslight Village. This home is a Short Sale, which means that any offers are subject to the bank’s approval. This is a tremendous opportunity to own a nice home close to schools and Reeds Lake.

East Grand Rapids Real Estate

Purchasing a Grand Rapids short sale is just like making a regular home purchase, except you are dealing with a bank. What really is required is plenty of patience. Some banks are swamped. For example, Bank of America has over 7,000,000 cases (distressed properties) to deal with, so it can be a struggle to get these closed. If you are hoping to get a deal before the $8000 tax credit deadline of December 1st, then a short sale is not for you. If you have any questions about this home or to view more interior pictures, visit my website at GRRealEstateInfo.com or contact me anytime.

Click Here to view the online flyer!





17700 Algoma Ave NE – Cedar Springs Home For Sale

12 09 2009

 

17700 Algoma Ave NE – Cedar Springs Short Sale $80,000

Cedar Springs Real Estate This Cedar Springs short sale is an Affordable getaway with excellent hunting opportunity for turkey and deer. Also includes an elevated hunting blind. This cute 3 bed, 2 bath ranch is priced to sell. This great buy features a bright and open great room with a huge kitchen with snack bar and spacious dining area. Take advantage of a great opportunity to own some beautiful, wooded land just minutes from Sand Lake. Don’t forget to take advantage of the first time home buyer tax credit.

Agent Note: Subject to Bank’s approval of short sale and we have already submitted the complete short sale package to the bank.

Cedar Springs real estate Grand Rapids Short Sales Grand Rapids Homes For Sale

For more information and pictures of this fine home or to set up a showing, visit my website at GRRealEstateInfo.com or contact me any time.





$8000 Tax Credit Ending Soon – Grand Rapids Real Estate Update

10 09 2009

$8000 Federal Tax Credit is Ending Soon

Grand Rapids Tax credit If you are thinking of purchasing a Grand Rapids home or condo and want to use the First Time Homebuyer’s $8000 Tax credit, time is running out. To qualify, you can’t have owned a home in the last 3 years and you must purchase a home before December 1st 2009. This is a real credit and does not have to be repaid. Many clients have taken advantage of it this year.

In order to close on a home by the end of November, your should be looking right now. My website provides all of the listed homes on the MLS Database and the search is free. Feel free to use it and if you have any questions, let me know. Once you find your home or condo, you will need to have an accepted offer before the end of October, just to be on the safe side.

If you don’t know where to start and would like to talk to a lender, give Scot Veneklase a call at Exchange Financial. Scot can be reached at 616-957-3480.

Click Here for a 2009 Tax Credit Q & A





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.