Thank you for visiting Grand Rapids Real Estate Resource! For current information about the Grand Rapids Real Estate market, check out www.stevevolkersgroup.com. There you can find properties for sale and for rent as well as information on new construction homes and what’s going on in West Michigan. See you there!
November, 22 from 3pm till 5pm
Come join me for an open house!
5822 36th Ave. Hudsonville, MI
4 Bedrooms – 2 Bathrooms – 2,300 Sq. Feet
Don’t miss your opportunity to view this stunning 4 bed – 2 bath Hudsonville home. The home sits on a beautifully landscaped yard with a covered porch overlooking rolling fields in the back. The home itself features a remodeled kitchen with custom cherry cabinets, granite countertops, a center island, a Viking cook top, and hardwood flooring. The house also has hardwood floors throughout, a formal dining area with a built in china cabinet, a finished basement, and tons of storage. You’ll also love having two fireplaces, and Andersen Renewal windows to keep the interior nice and cozy this winter.
Join me this Sunday, October 26th, for an open house!
5822 – 36th Ave, Hudsonville
1p – 3p
4 bed, 2 bath, 2300 sq. feet
Don’t miss your opportunity to view this stunning 4 bed – 2 bath Hudsonville home. The home sits on a beautifully landscaped yard with a three season porch overlooking rolling fields in the back. The home itself features a remodeled kitchen with custom cherry cabinets, granite countertops, a center island, a Viking cook top, and hardwood flooring. The house also has hardwood floors throughout, a formal dining area with a built in china cabinet, a finished basement, and tons of storage. You’ll also love having two fireplaces, and Andersen Renewal windows to keep the interior nice and cozy this winter.
Misconception #6: FHA or VA has inspected the house and/or the appraisal will cover me.
“Absolutely not. While having FHA or VA do an inspection on your home is useful and they likely call out a number of concerns, this is far from a complete inspection. In fact, the bottom line is that these inspectors are working to protect FHA or VA and not you.
“On top of that, these inspections are only about 30 minutes to an hour long at best – and 30 minutes is pushing it. A real inspection that has your best interest at heart is going to take significantly longer. It is unusual for an inspection to take less than 2 hours on smaller homes and many inspections have been known to take longer, depending on the size of the home.
“The thought of the appraisal taking the place of the inspection scares the appraiser as much as it should scare you. The appraisal is designed to determine the value of the home for the mortgage company. The mortgage company simply wants to know if what they are loaning on the house is reasonable. It is not designed at all to pick up the condition of the house, even though some times, if there is a major concern, the appraiser will bring it to everyone’s attention. However, this is hardly an inspection, and every appraiser will be glad to tell you so. Unfortunately, you rarely see the appraiser and you are lucky if you receive his report until you go to closing.
Do Open Houses Sell Homes?
This weekend, I was sitting in an open house at one of my listing in Hudsonville, MI. I often get asked by both Realtor’s and my clients if open houses are worth doing. Realtor’s say they are a waste of time and sellers wonder what the point is when only a couple people come through anyway.
So my response to that is this:
Over the course of a listing, the home maybe marketed for over 3 some times 6 months and in the Greater Grand Rapids Market there are some home being marketed for over a year. If your Realtor is not having an open house how is your Realtor marketing that home?
An above average agent will place the home on the MLS ( GRAR), place a yard sign and list it on a couple of websites. We can all do that! I go a step future with my internet marketing and I would place against any other agent in Grand Rapids. But once all of the beginning marketing has been done what is your agent doing if he/she is not having open houses?
Every time I have an open house, which is once a month, I get to tell people again about your home. I get to place it in front of people that are looking for open houses, place another add on Craigs List and so much more.
So do open houses sell the home? Most of the time no, but they do allow for marketing to happen! It’s one more opportunity for someone to see it every month.
I truly enjoy working with first time home buyers. First time home buyers have so many options available them and so many different things to learn along the way. Over the coming weeks we will help you, the first time home buyer, understand the process of buying your first home in Greater Grand Rapids and why it works the way it does.
The questions we will try to answer are:
How do I get my loan figured out?
How Much do we need Down?
Who is representing me?
Where do you want to live?
City of Grand Rapids?
Or a suburb?
What kind of home are you looking for?
Two story or ranch
How many bedrooms and bathrooms?
Condo or single family?
Are you willing to do some work?
How about a foreclosure?
How do we make an offer?
Do we bid low and see what happens?
When the offer is accepted then what?
What happens at the closing?
Do I need to bring my ID?
What is a HUD Statement?
When do I get the keys to move in?
Do I get to move in the same day as close?
What does 30 days after close mean?
Do I get paid for the people living in the home?
Over the next few weeks, the Grand Rapids Resource Team will try to help you understand this process better. So when you’re ready to buy your first home you will know whom to call, when it will be their turn to help you and we hope that this will make the process of buying your first home easier and less stressful.
If you are currently looking at homes now and can’t wait for the following articles please feel free to call or email me today. I would be honored to help you through this process.
Contributed to GrandRapidsResource.com by:
I was watching The Today Show this morning and saw a segment about a new study that was released titled “Seven Tactics for Selling a Home: A Data-Driven Approach for Home-Sellers” ( See: Segment). Real Estate professionals are already aware of these tactics. The report is from Redfin ( See: Redfin The Real Estate Scientist )and I am in no way endorsing them. I am aware that many homeowners in our area may have seen the segment and could possibly think that the statistics encompassed the entire nation when in fact most of the statistics come from the west coast markets. I have listed each tactic along with comments relating to the greater Grand Rapids area.
1. Don’t overprice your property
Price your house from the get-go so you don’t lose potential buyers along the way. This is especially important in the extremely competitive greater Grand Rapids market. My vacant stagings are even contingent upon the listing Realtor’s agreement that the property is priced accurately for the current market.
2. Set your price to show up in MLS searches
When setting the list price of a home, don’t price it at the bottom of a price tier. Your Realtor already knows this strategy. Not all systems have the same tier breakdown so your Realtor will familiarize you with the tiers in our local MLS system.
3. Debut on Friday This may not be the same for all demographic areas, all times of the year, or all market conditions. Your Realtor should have the current statistics.
4. Stay engaged
Since our local market is highly competitive, any extra effort will pay off. Motivated sellers should be willing to paint, stage, fix repairs and look better than the competition. It’s especially important to keep your home show-ready throughout the entire process. That’s the hard part! Remember, the way live in your home and the way you market it for sale are two different things.
5. Market the property online
In addition to the MLS, other websites can help notify potential buyers of your house for sale. Different types of homes demand different marketing strategies. Consult with your Realtor to inquire about supplementary websites that may gain your home more exposure.
6. When selling your home, stay put
You don’t HAVE to stay put. Another option is to Stage the vacant house in order to help buyers visualize the space and to picture themselves living there. Most of my vacant stagings in the greater Grand Rapids area sell within 2-3 months.
7. If you can, wait to list your property until neighboring foreclosures are off the market
You have most likely heard the news about Michigan’s foreclosure statistics. Just because there’s a foreclosed home for sale in your neighborhood doesn’t mean that it’s competition for your home. Your Realtor is there to help decide.
Contributed to GrandRapidsResource.com by:
So you would like a list of Grand Rapids, Michigan Area Foreclosures! Sorry it’s not that easy. You can go online and pay some money on different websites and they will provide you a list of addresses that are foreclosures in the Grand Rapids area. This list can be helpful as a starting place, but doesn’t help you in the purchasing of the home.
I can provide you with that same list for FREE if you work with me. Why would I want you to work through me? Why will I not just give you a list of the foreclosures in Grand Rapids? Because I don’t think that serves you in the best manner I can.
There are so many homes on the market and most of the great deals are not foreclosures. The media is telling people that the best homes for the dollar are foreclosures, which sometimes they can be, but often they are in poor condition. You may be able to find a non-foreclosure for the same price or just a little more and you don’t have to put near the amount of work into it.
Yes, if you are looking for a home to make $15,000 and up in one year by spending a lot of time and money to get it into proper living conditions, a foreclosure could be for you! But if your looking for a home that you can move into with little to no work and make $15,000 on it over a couple of years with light improvements than a foreclosure is typically not the best route.
There are exceptions to every rule, so please don’t think you can find a foreclosure in Grand Rapids that you can move right into or a regular listing home that you could buy and sell next year for more money. Rather these are basic guidelines I offer to my clients as we work through the process of finding the perfect home for their needs.
If you want a list of foreclosures in your area, I am more than willing to provide this to you, but please allow me to ask: Why do you want a foreclosure, so I know how best to serve and help you with the process.