Search All Homes For Sale

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 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.