Posts

[Sold – $100,000] Just Listed: 3960 Kalamazoo $103,900

Check out this brick ranch with large lot, 2 stall attached garage, central AC, fireplace hardwood floors and finished basement in a desirable location. With comparable homes in the area selling quickly priced $30,000 higher, this one needs some cosmetic work but has a lot that can be salvaged. A pool exists with leaky liner, could be fixed or buried. Schedule your showing today, and step into a home that will pay you back. Grand Rapids MI. Rehab loan may be necessary.

lp

/by

Grand Rapids MI: #1 City in the US to Buy Real Estate in 2016

Forbes Magazine has been keeping the Grand Rapids, MI graphic in their “Frequently Used” cache over the past few years. The latest list may be the best one yet.

If you’d like to invest in Grand Rapids Michigan, please contact me. I can offer guidance on purchases, and Life Cycle Property Management can manage the property in a sustainable and affordable way that also contributes to the wellness of our beloved town.

Click the graphic to read the full story:

Grand Rapids: "Best City to Invest in Housing in 2016"

Grand Rapids: “Best City to Invest in Housing in 2016”

/by

National Home Prices Back to 2003 Levels

According to this article from CNN Money, the housing market has recovered to the point of around 2003, which is actually not too bad considering 2006 is widely-accepted as the peak of the real estate market. We wont be seeing 5-7% annual increases any time soon like we were predicting back then, but many economists are predicting a small 1-2% increase from this year to next.

Full article here.

/by

How to I find a home for sale by Land Contract in Grand Rapids?

Link: Question and Answer

Good question…many homes for sale by land contract are not listed on the MLS because sellers just dont like paying commission before they are free and clear of the home. Say you buy a listed home on land contract, you close two weeks later, 6% of the 10% down payment from the buyer is split by the listing and selling broker. The seller is left with the remaining 4% or so minus closing costs, and a 3-5 year loan to keep track of. “Might as well just rent it and wait for the market to pick up” is something Realtors hear often these days.

I have two answers for you. First, there a lot of investors in town selling homes on land contract. Often a sign in the yard sells a home like that in a good neighborhood and good schools. You’ll want to talk to a Realtor who knows who those investors are, and which ones are worth contacting and which are not. Second, if you have at least a good 10% to put down on a house, look for your ideal home in the ideal neighborhood that is currently for rent, and make an offer. Just because its not listed does not mean its not for sale! And…you’ll want a good Realtor to represent you so you dont get ripped off in terms of value, terms, interest rate, and general business conduct.

/by