The first step in the home-buying process is typically to evaluate your financial situation and determine how much you can afford to spend on a home. This involves assessing your income, expenses, debts, and savings, and getting pre-approved for a mortgage if you plan to finance your home purchase. Once you have a good understanding […]

Whether or not you should sell your current home before buying a new one depends on your individual circumstances and financial situation. Here are a few factors to consider: Can you afford to carry two mortgages? If you are planning on buying a new home before selling your current one, you will need to be […]

Down payments in the United States average 11%. However, this figure includes both first-time and repeat buyers. While the national average down payment is 11%, first-time homebuyers typically put down 3 to 5%. This is due to the fact that several first-time home buyer programs do not require large down payments. The FHA loan, a […]

Buying a home takes about 10 to 12 weeks from the beginning (searching online) to the end (closing escrow). Once a home is chosen and an offer is accepted, the escrow period on a home typically lasts 30 to 45 days (under normal market conditions). However, well-prepared cash buyers have been known to purchase properties […]

To buy a home, buyers pay little or no commission to an agent. In most home sales, two real estate agents are involved: one representing the seller and one representing the buyer. Sellers are represented by listing brokers, who charge a fee to represent them and market the property. Marketing expenses may include radio spots, […]

When demand exceeds supply, a seller’s market develops. In other words, there are many interested buyers, but there is a scarcity of available real estate. Because there are fewer available homes, sellers have an advantage. Economic factors- The local labor market heats up, attracting new residents and driving up home prices until more inventory can […]

A buyer’s market is simply defined as a market in which there is more supply than demand. This naturally means that one buyer has multiple options in the market and those options (houses in this case) may have to compete for the buyer’s attention. Several factors may influence both long-term and short-term buyer demand, including […]

Find and hire a Realtor.  Working with a knowledgeable real estate agent who understands your local market can help you sell your home faster and for more money. Give us a call to help you find the right Real Estate professional. Invest in value-adding improvements. Choosing which home improvements to invest in can be difficult, […]

Grand Rapids- One city that defies trends is Grand Rapids. In fact, Grand Rapids was named the 7th hottest real estate market in the country for 2023 by USA Today, one of only two Midwest cities on the list. At the end of 2022, the median price for a home in Grand Rapids was $358,000, […]

Getting in touch with a knowledgeable real estate agent if you’re looking to save money on a Michigan property is crucial. A qualified agent will be able to direct you to the ideal communities for you because they are familiar with the local housing market. To ensure a smooth home buying experience, determine what you […]