Do You Know Your Home’s Value?


Call me at (616) 942-2449 for a FREE home buying or selling consultation


If you haven’t checked your home’s value in a while, here are the six reasons why you should do so more regularly:

1. Get rid of your private mortgage insurance (PMI). If you don’t put down at least 20% for your mortgage, you’ll have PMI attached to your loan. After a certain time, though, you can get this removed, but that starts with knowing your home’s value. This can save you up to $90 per month. 

2. Make sure your homeowners insurance covers the full value of your property. If you bought your home a long time ago and its value has increased, you’ll want to know this so you can adjust your coverage. 

3. Lower your property taxes. In this type of market, you won’t find many homes that are depreciating, but that doesn’t mean this won’t change in the future. If your home’s value goes down, you can save on your property taxes. 

4. Update your information on online syndicates. Many websites, such as Zillow, give you the ability to update your own home’s listed value on the site. This is important because Zillow's home value algorithm doesn't take all necessary information into account. This means that what buyers see might not be entirely accurate. You, of course, want your home to be represented in an accurate (and favorable) light.
5. Equity for a HELOC (home equity line of credit). If you’re getting a HELOC, you need to know your home’s value so you can determine what you can pull out of it to make home improvements or invest in real estate. 

6. It’s time to sell. If you’re selling your home, you obviously need to know how much it’s worth. Beware of online valuation tools, though, because they used fixed algorithms that encompass entire ZIP codes. They’re useful if you want a ballpark idea of what your home is worth, but after you have that number, go ahead and call a real estate agent so they can calculate an exact price. 


If you’re selling your home, you obviously need to know how much it’s worth.

I recently did an interview with HomeLight about this very topic, so if you’d like to read more about it, click on this link. 


We would be happy to give you a free home valuation so that you can maximize your sale in today’s market, so if you have any questions or if you'd like to get started, don’t hesitate to reach out to me. I look forward to hearing from you. 

Spring 2019 Grand Rapids price update



Buying a home? Click here to perform a full home search
Want to know what your home is worth in today's market?
Check out our Free Online Home Price Estimation Tool.
Call me at (616) 942-2449 for a FREE home buying or selling consultation
2019 has gotten off to an incredible start as far as our Grand Rapids real estate market is concerned. There has been a surge of buyer demand from millennials entering our market nationwide, and this is great news for anyone thinking of selling this year. In fact, according to Odeta Kushi, the senior economist for First American Financial Corporation, 2019 is set to be even more lucrative on this front than we’ve observed in the recent past. That’s because the “largest cohort of millennials [will soon be] entering peak household formation and home-buying age,” says Kushi. This will have a massive impact on buyer demand across the nation. Yet, despite all of this positive news, the rumors that we’re in a housing bubble aren’t without some truth. I don’t want to alarm you, but I do want to make something clear: There is no time like the present. The opportunity to earn the best possible deal for your home has not yet passed, but it will soon—possibly sooner than we think. The SP CoreLogic Case-Shiller Home Price Indices shows that price growth (which has been monumentally strong for several years) is slowly but surely losing steam. Don’t let recent talk of a market slowdown scare you off from seizing this opportunity. Experts like Nick Ron (CEO of Home Buyers of America) agree that selling this year will yield far better results than doing so in years to come. Why? There are a couple of crucial reasons: 1. Rates are still historically low. Sitting at or slightly below 5% on average across markets nationwide, today’s rates are still incredible when compared to what buyers could obtain in the past. It’s also worth noting that rates are still rising, and won’t stop any time soon. Because of this, buyers are eager to lock in a low rate while they still can. This gives sellers an incredible amount of leverage. 2. Supply is down. After hearing rumors of a supposed market slowdown, many would-be sellers are choosing to hold off on pursuing their real estate goals. Yet for any sellers savvy enough to see the “bigger picture,” this means just one (very important) thing: less competition. It’s simple supply and demand—the fewer competing sellers there are in our market, the better chance you’ll have at selling quickly and for top dollar. Of course, these reasons only scratch the surface of what’s happening now. There are many other exciting developments taking place in our Grand Rapids market, specifically. What does this all mean for you? It means now is the time to act if you’re thinking of selling. Delaying much longer could cost you dearly. The good news, as I’ve already indicated, is that our market remains strong for now. If you get off the fence soon, you will still have the chance to sell quickly and for top dollar. If you’re thinking of selling, I encourage you to take a look at what your home is currently worth by using this free home value calculator, which takes into account recent Grand Rapids sales: Enter your home address here to find out what your home is currently worth This calculator will offer a decent estimate of your home’s value, but if you’re serious about maximizing your results, don’t hesitate to reach out for an in-person consultation. I'd love the opportunity to give you an even better idea of what you could earn for your home. I’m very familiar with our national and local market, and would be happy to help you make the most of this opportune moment in real estate. If you’re ready to take advantage of current conditions while they last, please give me a call.


Tips to Help Make Your Final Walk-Through Count


Before you close on your home, here are a few tips to help make your final-walkthrough count.  

Buying a home? Click here to perform a full home search
Want to know what your home is worth in today's market?
Check out our Free Online Home Price Estimation Tool.
Call me at (616) 942-2449 for a FREE home buying or selling consultation
If you’re a homebuyer, the final-walkthrough is an important part of the process that you need to know how to navigate. What is the final walk-through? The final walk-through is the buyer’s final opportunity to walk through the home and check it out before the official closing. This happens after the offer has been accepted and the inspection is done. Final walk-throughs are always a good idea. Why? If the last time you saw the home was two weeks ago, it might not be in the same condition today as it was then. As sellers move out, they take things off the walls and move furniture around, and certain issues you didn’t see during the inspection might be revealed during this time.

 Final walk-throughs are always a good idea.


With that in mind, here are three tips to help make your final walk-through count:

1. Don’t wait until the day of the closing to do the walk-through. By that time, if you find an issue you’d like the seller to take care of, it will be too late. Instead, do the walk-through a day or two in advance of the closing so you have time to reflect on whether any issues you find are worth bringing to the seller’s attention.

2. Use your phone to check the outlets during the walk-through. If you asked the seller to repair the outlets, this is an easy and effective way to know if they’re all working.

3. Watch out for any leftover belongings. State in your purchase agreement which items you’d like the seller to remove prior to closing. If you find any of these items during the walk-through, have your agent add an addendum to the contract and ask the seller to remove those items again. Hold off on the closing if you need to. You can also work out a dollar arrangement where the seller will pay for someone to remove the items for you. If you have any questions about this topic or you have any other real estate needs I can take care of, don’t hesitate to reach out to me. I’d be happy to help you.