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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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!





EightWest – A New Show About West Michigan

24 09 2009

 

EightWest Grand Rapids Recently announced is a new TV show called EightWest. I wouldn’t normally talk about a TV show but this one is different. EightWest is billed as ” a vibrant one-hour destination for everything West Michigan”. It is hosted by Terri DeBoer of Storm Team 8 fame and Rachael Ruiz of 24 hour News 8 at Noon. These two ladies are high octane and are sure to pump that energy into their new show. I think there is a niche for a TV show like this and from a Grand Rapids real estate standpoint, I’m excited  to see how it unfolds. Some of the topics likely to be covered will be family, technology, food, finances, health and more and it will be a good tool to showcase Grand Rapids!

West Michigan is a beautiful place to live, work and play. There is something Grand Rapids Relocation for everyone from world class golf courses, excellent fishing for salmon and trout right in the center of town on the Grand Rapids Fish Ladder and recreational watersports opportunity galore on the many lakes and rivers. There are some great bistros and restaurants in town, plenty of nightlife to enjoy as well as museums and art galleries to visit. In fact, Grand Rapids is hosting it’s first ever ArtPrize contest. The largest art prize of its kind in the world, Artprize is an exciting arena where established and emerging artists are afforded the chance to show off their work. Visitors cast their vote and the winner gets the big prize of $250,000.

There has never been a better opportunity to own a home in West Michigan. Interest rates are still low, property values have drastically dropped and you still have time to take advantage of the $8000 Tax Credit. If you are considering a move to West Michigan, visit my website and request one of our relocation packages or contact me anytime.





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.





Grand Rapids Real Estate – June Market Update

20 07 2009

 

Grand Rapids Home Sales up 26.2% From a Year Ago

Grand Rapids Real Estate Market The Grand Rapids housing market continues to show signs of life as home sales were up 26.2% compared to June 2008. For the third consecutive month, single family homes have seen an increase in the average sales price (up to $119,923) from $97,073 in April 2009. This number does show improvement and is encouraging, but it is still down 12.5% from last June. These figures were prepared by the Grand Rapids Association of Realtors. This portrays a 19.9% increase in the home sale price from the beginning of 2009, where home prices were $95,010 for the month of January. The number of active listings in the Grand Rapids real estate market continues to remain steady at slightly over 9000. Sales year-to-date for single family homes was up 10.9% compared to one year ago.

These are good signs for our market. Especially when you take into consideration the amount of distressed homes such as short sales and foreclosures which are hurting and dragging down the overall Grand Rapids housing market.

Other positive indicators which show a good market trends are the average days on market, which is going down while the average selling price, median sales price and the percentage of the listing price compared to sales price, all continue to show improvement.

For more information about the Grand Rapids Real Estate market or to search for homes online, visit my website or contact me any time.





Open Houses – Grand Rapids Condo Update

17 07 2009

 

Stoney Creek Condos and Union Square Condos - Open House this weekend.

Saturday July 18th, 2009 from 12:00pm – 3:00pm.

Stoney creek Condos 2965 Pebblestone Ave SW. This is a lovely condo in the Stoney Creek condos development in Hudsonville schools, with 2 bedrooms and 2 bathrooms offered at $120,000. Impeccably maintained and agressively priced to sell, this condo is being offered as a short sale and is a terrific opportunity to purchase a great condo at a bargain price. Take advantage of low interest rates and the $8000 Tax Credit for first time home buyers. Excellent value in this condo in Hudsonville Schools. View our VFlyer of this listing for more information and pictures.

 

Sunday July 19th, 2009 from 1:00pm – 4:00pm.

Union Square condos 600 Broadway Ave NW #238 and #411. Join me this Sunday afternoon for a tour of Union Square condos. I will be showing #238 which is a very affordable 1 bedroom, 1 bath condo offered at $125,900 and unit #411, a gorgeous 2 bedroom – 2 bath with it’s own private balcony and 2nd floor master suite, which has just been reduced to $235,000. Union Square condos is one of the areas coolest downtown Grand Rapids condo developments with many different floorplans and price ranges. Many of the condos feature original hardwood floors, exposed brick and ductwork and stainless steek appliances. The building also offers a fitness center, pool and hot tub area and parking can be purchased or leased. View our VFlyer for more information and pictures. We also have an incredible 7th floor Penthouse unit that can be viewed by appointment. Union Square condos offer income tax savings until 2012 and property tax savings until 2019.

The Grand Rapids real estate market has been picking up of late. We have been receiving allot of inquiries for Grand Rapids homes AND condos. For more information, or to search for homes online, visit my website at GRRealEstateInfo.com or contact me any time.