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Expert Tips for Navigating the Real Estate Market

Our mission at Yoder Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

The Secret to Getting the Most Out of Your Home Sale



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

The goal of every home seller is to get the most possible money for their home in the shortest period of time. Today we are going to share with you some of the methods we utilize to maximize the price when we sell a home.

Sellers often want to get things going right away, and for good reason. They are excited toget their home on the market and are eager to sell. Our job is to offer them a little guidance in that area. Our goal is to help sellers maximize their potential price. The first thing we tell our sellers to do is take off their hat that says they live there, and put on their hat that says they sell there.

The home is typically set up in a way for the people who live there. In order for the home to show its best, we need to make adjustments to the homes. Here are some tips and guidelines we give all of our sellers to help them sell their homes faster and for more money. 

Our first tip is to not rush your home onto the market. Our motto is "No home is listed until it's time." If it takes a few weeks to get your home ready, that is ok. This will actually allow you to broaden your home's reach on the market.

Another tip is to keep in mind that the first showing of your home is not in person, it's online. With the rise in internet home searching (98% of home searches begin there), people are deciding which homes they want to see in person based on the home's appearance online.

One thing that buyers do really appreciate is a home that is "Move-in ready." This means making the home neutral, and inviting. We recommend the following 3 steps when getting your home ready to present to potential buyers:

1. Professional Painting
 Paint your home neutral, bright colors. This will make the home more inviting to buyers and let in more natural light.

2. Home Staging
 A professional home stager goes room to room and lets you know what to do to really help your home show its best.

3. Pre-inspection
  Having your home pre-inspected is very helpful. Identifying where you need to make improvements and fixes  make it much easier to handle and overall makes everything easier for you.

We hope you enjoyed these tips. If we can help you apply these concepts and get your home sold, give us a call. Until next time, happy holidays!

Why Would you Sell Your Home During the Winter?



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Why Would you Sell Your Home During the Winter?

OK, let's talk about selling your home. A lot of people have been asking us if they should list their property now, or wait until the spring when there are more buyers. Most people generally think that listing their home this time of year is a bad idea, because there are no buyers out there. 

Should you sell your home in the winterActually, there are a ton of buyers out there, especially with these low interest rates we have been seeing. At just over 4%, these historically low interest rates are an opportunity that most buyers have figured out they shouldn't pass up. Waiting for another decrease in interest rates doesn't really make sense, as they are expected by many experts do increase in the next year by at least 1.5%. That might not sound like very much, but could cost you an extra $100,000 throughout the life of your mortgage.

We are currently at our lowest point of the year in terms of homes for sale. Combined with the fact that there are still a ton of great buyers out there, is great news for anybody thinking about selling their home. When we have low inventory, every home that comes on the market has a lot of traffic through it, especially with the number of buyers we have right now.

The holidays are a joyous time, where we decorate our homes and create a warm environment for all of our holiday guests. This is great for the environment of holiday buyers as well. You will likely be one of the few homes in your area on the market. 

If you have every reason to sell but are planning on holding off until spring, think again. You could be shooting yourself in the foot by not taking advantage of the trends we are seeing right now. If you have any questions, feel free to contact us via call, text, or email. We hope to hear from you soon!

Who is our Big Winner?



 There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Who is our Big Winner?

We recently finished our Zillow review contest, where we had past and current clients write online reviews about their experiences working with our team. It was a great success, as we went from  5 reviews to over 30 reviews in just 10 days! This is great because it showed that you enjoyed your time working with us, and it will be out there for potential buyers and sellers to see to help them make their decision on who to hire. 

So, without further ado, our winners are... Jeff and Erica Poest! 
Announcing the winner of our contestCongratulations, Jeff and Erica, you have won an iPad Mini! Thanks again for your great review!

We will be doing little contests like this from time to time, so keep an eye out for the chance to win another great prize in the future. In the meantime, if you know somebody who wants to have a great real estate experience, be sure to have them give us a call . Referrals are the lifeblood of our business and we can't thank you enough for helping provide us with clients who want to experience a high level of service.

If you have any questions, don't hesitate to give us a call or send us an email. We would be more than glad to help. 

Discussing Real Estate FAQ's On Air

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There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Discussing Real Estate FAQ's On Air

Today I thought I would share with you guys some snippets of an interview I did on the radio recently. I shared a lot of information on a lot of different topics, but here are some of the highlights:

Affordability
We are now in a 2nd year of improving market conditions. With interest rates right around the 4% mark, now is a great time to buy a home. Our market is one of the most affordable markets in the country. 

Buyers or Sellers Market?
When determining whether we are in a buyers or sellers market, the main variable that comes into place is the absorption rate, or how long it would take to sell all the inventory we have if no new homes came on the market. Right now, we are at 4 months. This actually puts us in more of a balanced market than anything else. It's not a hot seller's market, but there is not enough inventory for it to be considered a buyer's market either. 

Pre-Approval
In my opinion, pre-approval is about as important as the decision to buy a home. When you decide to sell your home and purchase a new one, you have to be pre-approved because if we sell your home quickly, you won't be able to get a new home right away. 

Finding the Right Agent
When you are deciding on the right agent to hire, throwing in a question like "How long have you been in the business?" or "How well will you negotiate for me?"  will give you insight to an agent's experience, skill, and strategy. The more you have been in business, the better you are at negotiating. A strong negotiator is invaluable.

Staging
When you prepare a home for sale, you need to stop looking at your home as your home and start looking at it like a home you want to sell. The way you prefer your home isn't necessarily the way the broad market will appreciate it. 

Thanks for letting me share some of these tips with you today. If you have any questions at all, feel free to give me a call or send me an email. I would be glad to answer them for you.

Grand Rapids Real Estate Market Update for Fall 2014



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Grand Rapids Real Estate Market Update for Fall 2014

Here we are, the fall of 2014. The leaves outside are starting to turn and we want to give you an update on the Grand Rapids real estate market. A lot has happened this year as we head into the 4th quarter. We are going to recap you on what's been happening, and give you an idea of what to expect in the near future.

For the first 3 quarters of 2014, the Grand Rapids market was very healthy. Home prices have escalated, but not as dramatically as they did in 2013. We have seen low interest rates, as well as low inventory as we head into the latter part of the year. Inventory is really starting to fall right now, and when that happens we will usually see demand start to pick up. 

As for mortgage interest rates, all the information available to us points that yes, they are going to rise very soon. We talked to some mortgage professionals and we are looking at about a 1% increase in the next year. 

People don't realize how low that really is and what it means to take advantage of these low interest rates before they rise. According to Freddie Mac, a 1% increase in interest rates is like putting an extra $10,000 on a home over the life of the loan. 

If you are a first time home buyer, rates won't be like this for long. If you are a seller, inventory is dipping and soon, we will see some increases. If you have any questions about our market, don't hesitate to reach out to us. We would love to help you out.

The Top 5 Questions You MUST Ask When Interviewing Agents to Sell Your Home



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

The Top 5 Questions You MUST Ask When Interviewing Agents to Sell Your Home

Today we are discussing the top 5 questions you should ask a listing agent before you hire them. These 5 questions are rarely asked of us, but we feel they are very critical to understanding if your real estate experience will be successful. We recommend you ask these questions of every person you are considering hiring.  

1. How long have you been selling real estate?
A lot of people will just hire a friend or family member without even asking or knowing the answer to this question. The listing process is a marketing-based experience and your agent needs to have experience. The agent's tenure will give them the ability to navigate situations that newer agents won't know how to deal with.

2. How many homes did you sell last year?
The number of homes an agent sells is usually a sign of things to come in terms of their selling ability. If someone is making hundreds of sales per year, it's an indicator that they are experience and have systems in place to get you a great deal on your home. Someone who doesn't do as many transactions is somewhat of a tossup. 

3. What is your average list price vs. your average sale price?
If an agent has a good statistic in this area, they will be tracking it and will let you know personally, as well as through their marketing. 

4. What is your average days on the market?
An agent's marketing style will impact the days on the market through photography and staging. A good agent can decrease days on the market through marketing techniques and increasing the home's exposure

5. How well will you negotiate and how will you get me a better price?
How well an agent negotiates is based on both experience and fiduciary function, which means they will do anything to put their seller's interest above all else to get them more money in a shorter time . A good agent will have the systems in place for the negotiation process to start earlier rather than later. 

Start with these questions, but be sure to also ask about commission, length of contract, and other standard questions. These 5 questions above are not standard, so they might throw the agent off a bit, which isn't a bad thing. It might actually get you a more honest answer than you would have gotten otherwise. 

If you have any questions, please feel free to give us a call. We'd be glad to help. 

Western Michigan Real Estate Market Update for Fall 2014 Part 2



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Western Michigan Real Estate Market Update for Fall 2014 Part 2

Welcome back everyone to part 2 of our real estate market update. Today we are going to talk about just a few more things you should keep an eye out for right now in the real estate market. Some of these market shifts may impact your current or future home and we want to make sure you are aware of that.

The absorption rate in real estate is the number of homes that sell in a given time relative to the number of homes available. The absorption rate right now is about 30%, which means that 30/100 homes on the market right now are the ones that are going to sell. Any absorption rate over 20% is considered a seller's market and as you can see, that's where we are at.

As far as how long a home stays on the market, right now we are at a healthy average of 39 days. The average is about 55 days and in Western Michigan it's even higher. These homes are also selling for about 97% of their asking price, which is above average as well.

While conditions seem to be perfect for sellers and sellers only, that's not the case. Interest rates for mortgages are at historical lows right now in the 4% range. This is so much lower than these rates have been in the past. If you are thinking about making a move, now is the time to do so because locking these interest rates in now could save you thousands of dollars down the road over the life of your loan.

If you have any questions about this topic or any other, please give us a call or send us an email. 

Grand Rapids Michigan Real Estate Market Update



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Grand Rapids Real Estate Market Update

  Welcome back. Thanks for joining us for part of of our Western Michigan real estate update. As we head away from the summer and into the fall, a lot of changes have been coming in real estate as far as numbers go. We have a couple of notes for you to keep an eye on for now.

Inventory is the true measure of the market's condition. It's a good benchmark for us to compare where we are to where we were in the past. Right now in Grand Rapids, inventory is way down. There are not a lot of homes on the market, the number has decreased 8% from this time last year, and now sits at 3500 homes. 

As for our sales so far this year, they are pretty much even from what we sold last year. However, the market is improving because we are weeding out some of the bad listings we had last year.  

If you have any questions about your home, or are interested in looking for a new one, give us a call. We have everything you need to make a smart real estate decision.

Digging Deeper into Zillow's Acquisition of Trulia



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Digging Deeper into Zillow's Acquisition of Trulia

You've probably heard the recent news that internet home search giant Zillow has purchased its biggest competitor, Trulia, for $3.5 billion in an all stock deal that's designed to make the combined entity the largest of its kind in online real estate advertising.

These companies help sellers and renters find information on homes, but that is not their source of revenue. Nearly all their revenue comes from advertisements. They charge agents and professionals to place listings on the site and have key placements along the side of the page. Not every agent does it, but a lot of them do and Zillow and Trulia get a lot of revenue from those advertisements.

This is a strategic move by Zillow. As more and more people start house hunting on the web, Zillow will be by far the largest site to go to for information. A lot of people are afraid that the online industry will eventually eliminate the need for an agent's services. Zillow already has most of the same listings that they do and more and more people are wanting to conduct all of their business online. 

We feel that the relationship between Zillow and real estate agent's is mutually beneficial. On one hand, these sites provide the same listings that agents have from the local MLS, but on the other hand, agents are profiting off these sites because they attract buyers and sellers for them. Zillow wants our listings, we want their buyers.

So will Zillow replace traditional real estate brokers? probably not. The truth is that most buyers and sellers want a professional to guide them through the process of buying and selling. The internet will forever increase the flow of info to buyers and sellers but simply can't replace the relationship part of the process. Technology will evolve the way real estate is done, but we can't imagine a day where a home buyer or seller will want to opt for a completely online home buying or selling experience. There is just too much complexity involved with not being able to pick up the phone and get a hold of each other and call the agent that you are working with.


If you have any questions about this buyout, or about real estate in general, give us a call or send us an email. We'd be happy to answer any questions you may have.

How we helped Angel sell her home in 11 days by bringing in a stager



We had a pretty awesome experience. The stager came out and told us what to do to the house from putting an extra coat of paint on to suggesting we store some of our stuff offsite to make it look presentable. I think that really helped out a lot especially since the first day it was on the market, someone came through the house.

Helpful Tips on Improving and Maintaining a Good Credit Score



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Helpful Tips on Improving and Maintaining a Good Credit Score

 One thing we get asked about a lot by prospective home buyers is  the importance of a good credit score. Having a good credit score is the starting point of getting a home because you want to take care of your financing first before anything else. Your credit history is a compilation of all the pieces of your financial history. It includes every credit card you have ever opened, all your debt, loans and debt repayment history. Other information that impacts your credit score includes whether you've payed back credit card companies on time, filed bankruptcy, if a court has ordered you to pay a loan, or a debt has been deemed noncollectable. All of this information stays on your credit history and affects your score. If you have had money problems, or have failed to pay back loans in the past, you are a greater risk to a lender and more likely to be denied a loan. If you have bad credit, or are just starting to build it up, here are 5 simple things you can do to improve your score.

1. Start small
 One small card or loan can get the ball rolling for you and start building your credit score.

2. Pay off your charges in full at the end of the month
  By doing this, you demonstrate to lenders that you are fiscally responsible and less of a risk in giving a loan to.

3. Make your payments on time
 This is one of the most important things you can do. By paying on time, you are showing the lender that you are disciplined and responsible enough to make payments on time.

4. Keep your total charges within their credit limit
 This is another demonstration of fiscal responsibility that will prevent you from overspending on your limit.

5. Regularly read your credit report
 One way to build a positive history is to make sure you know what information is being reported. We recommend you to visit the free, online service AnnualCreditReport.com once a year  so you can see how your credit score is being rated by the 3 big credit reporting agencies, Experian, Equifax, and Transunion.

If you have any question at all about how to maintain or build your credit score, or any questions about real estate in general, please don't hesitate to contact us.

Grand Rapids Home Buying Guide



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Grand Rapids Home Buying Guide

When you are in the market for buying a new home, there is a simple question you need to answer. Do you want to purchase a pre-existing home in Grand Rapids or do you want to build a brand-new one?

This may be a simple question, but the answer is anything but. There are many different factors that go into this decision. Buying a new home is definitely a great option, but there  advantages and disadvantages to doing this that you need to know about first. Let's start with the disadvantages.

First, Money. While building a new home isn't dramatically more expensive than buying a pre-existing one, it undoubtedly comes with a higher price tag. You will need to also take into consideration that the cost of new carpet, paint, and fixtures will cost you more per sq ft. on a new home than in an existing one. A lot of people don't realize this before they make their decision. 

Another disadvantage to building a new home is the amount of time and effort you have to put into it. Not only do you have to purchase the land that your home will be built on, you also have to pick a house plan and hire an architect to do your design work. You will then need to go into great detail with all of the financial planning of the home so you know exactly what your money is going in to.

Building new homes is not all bad news. There are some incredible advantages to building your new home in Grand Rapids that you need to consider as well.

One key advantage is low maintenance. In theory, a brand new home should be perfectly functional and efficient when you move in, so it will require less maintenance and fewer fixes. 

Another key advantage is design. Nobody has lived in this home before so you can make it your own and design it to fit your personal style. You don't have to look through different homes in Grand Rapids that somebody else built, you can create your personal dream home if you build.

If you are thinking about building a new home or simply purchasing a pre-existing one, I would love the opportunity to talk with you about the process and how the Yoder Team can benefit you!

West Michigan Real Estate Market Update



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

West Michigan Real Estate Market Update

Here’s what is happening in our current market:

  • There are currently 2,439 homes for sale, accounting for a 13% decrease from last year when there were 2,900 homes on the market. We are seeing trends of very low inventory and very high demand!
  • In the first quarter of 2014, there were 1,895 homes sold which accounts for an 18% decrease from 2013 when there were 2,306 homes for sale.
  • The average time a home spends on the market in the first quarter of 2014 is 69 days, as opposed to 71 days in the first quarter of 2013. The slight 3% difference is normal and indicates a healthy market.
  • The absorption rate in the first quarter of 2014 was 25% - anything above 20% indicates a “seller’s” market.

The slightly lower sales are nothing to be concerned about – we faced a tougher than normal winter, which put sellers about 30 days behind from when they actually should sell. If interest rates remain in the mid-4% range, expect the market to break loose.

If you have any questions or would like further clarification, please feel free to call or email me. Thanks and have a great day!

Accurate Home Pricing Strategies for Your Grand Rapids Property



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Accurate Home Pricing Strategies for Your Grand Rapids Property

I get asked nearly every single day about pricing. Clients always want to know the best strategy to get their home priced correctly, so due to popular demand, I will now be revealing how this can be accomplished. 

A lot of people often get pricing wrong, and it's either due to bad advice from an agent or sellers want to start at a high price and reduce later on (which typically doesn't work). 

When your home is priced right from the very beginning, you capture the attention of more online buyers. Most online home searches have price brackets, so after you do a comparative market analysis or a competitive market analysis, you can find that perfect range that will attract buyers to your property.

If you've found the optimal price range for your home, it will do a few different things for you. 

  • You will attract more buyers: The more eyeballs on your home, the better. This increases showings, which will hopefully increase the amount of offers on your home. If all of these things happen, you have a great chance of getting top dollar on your home. 
    • If you price incorrectly, buyers will pass on your home and it will become stale. People will typically think that something else is wrong with the property because it's been on the market for so long. This is a death blow to your home selling endeavor, because once this happens you are very unlikely to get a good price for your property. 
    • Also, your overpriced home will act as a justification for buyers to purchase another home.Because your home is badly priced, when they see a property that is priced well they will likely buy it. So in this case, by pricing your home incorrectly, you have helped to sell another person's property. 
  • Pricing your home high to begin with and then going low lacks velocity: What I mean by velocity is that you want your home to make a splash on the market when you list it for sale. It needs to be priced attractively to draw people's attention. If you price it too high it will hit the market flat and you will have missed your big chance to draw lots of buyer interest. 
  • Don't forget about appraisals: If you have managed to get a buyer to put down an offer for much more than what your property is worth, don't forget that you still have to appraise it. If your home doesn't appraise right, you could lose a sale. This is why it is important to consult with a realtor on how to accurately price your home. 

When you are priced attractively, staged correctly, and marketed aggressively, then you have the perfect formula to sell your home at the highest price possible in the least amount of time. Ultimately you should view your home's price as its most important marketing tool. You can attract buyers with a good price and then make them fight over your home, which should then drive up the price.

If you would like to learn more about how I can help to sell your Grand Rapids home for top dollar using my other strategies such as staging or marketing, feel free to contact me. I am always here to help you.

Now is the Perfect Time to Invest in Real Estate



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

 Is Now a Good Time to Invest in Real Estate?

A lot of my clients have been asking me this, and I think I have a few great reasons for you to invest in real estate.

  1. Low Home Prices & Low Interest Rates: Interest rates are lower than ever, and so are home prices. These two factors are almost never both so low. Usually you see high prices and low interest, or vice versa. This is why now may be the best time ever to become a real estate investor.
  2. The Economy is Turning Around: The economy is on the rise, so if you have the financial wherewithal to invest right now you will be glad that you did in 5 years' time when home prices have shot back up. Also, it will be tougher to invest in the future when the market is saturated with heavyweight investors. 
  3. Money is cheap to borrow: As I said before, interest rates are extremely low right now. With the combination of low home prices and low interest, it's hard to tell you a reason not to invest in real estate.
My Advice for First Time Investors:

Really what I would tell anyone to do would be to find an experienced real estate agent and have them find you some promising properties. Find a relational broker that you can refer to again and again for more leads and more properties. Finding someone that you can align yourself with and also who knows what they're doing in the investing arena can really take you pretty far in the business. 


Once again, if you have any questions about this or any inquiries about Grand Rapids real estate, then feel free to contact me. You can call me at (616) 942-2449 or email me at kevin@yoderteam.com

Selling in the Winter: List Now and Face Less Competition and Increase Demand for Your Home!



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

 Is Now a Good Time to Sell Your Home

Today we are going to discuss whether or not you should sell your home in the winter or wait until spring. When people decide to sell, whether that is in the winter or spring, it is all a matter of timing for the individual. Most sellers only think that they can only list exclusively in the spring and because that’s the truth, most people wait. The result of this is that very few homes hit the market between 
January and March creating a low inventory environment.

If you’re a seller that is ready and has everything lined up, it would be a great strategy to get ahead of the market. On the contrary, sellers who list in the spring may have nicer weather, but also face more competition. This could be 2-3 times more active listings that they would be competing with! By listing your home in the winter, you have less competition to face which in turn increases demand for your home.

There are personal preferences that may also factor in when the right time would be to sell your home. This could be certain features of your home that show better in the spring or waiting until school gets out, just to name a few. There is really no bad time to be on the market!

If you are thinking about selling your home at some point in 2014, give us a call at (616) 942-2449 or send me an email at kevin@yoderteam.com. Thanks and have a great day!

What You Can Expect from the Spring Grand Rapids Real Estate Market



There are many great Grand Rapids area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (616) 942-2449 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I wanted to give you an update for the Grand Rapids real estate market. Before I begin, I wanted to point out some links on our blog that could be very useful to you. There is a free home seller value report along with a free MLS home search. If you have a few minutes, take a look at them! I hope you find a lot of value in them.

The market is Grand Rapids is weighed more towards the favor of the sellers. We can tell the status of the market by looking at the absorption rate. If the absorption rate is anything higher than 20%, we are definitely in a seller’s market. Anything under 20% would be a buyer’s market. How we find the absorption rate is done by calculating how many homes are sold in a particular amount of time and divide that by the number of homes that are for sale at the end of the particular amount of time. The absorption rate gives us a great baseline of where we are in the market.

Current inventory levels in Grand Rapids are at about four months.Interestingly enough, this same time last year we saw the same levels of inventory. What we saw heading into the year was a very early spring market. Inventory levels dropped into the three month range combined with favorable interest rates made for a strong spring market.

With everything available to real estate agents today in terms of tracking and trending, we expect to have another strong spring market as well. If interest rates remain favorable, this will allow inventory to drop and give us a strong start to spring 2014. This is very exciting!

If you or anyone you know is looking to buy or sell a home in the West Michigan area, give us a call at (616) 942-2449 or send me at email atkevin@yoderteam.com. Thanks and have a great day!