Visit My "New Living in Greater Lansing" BLOG

I have consolidated my posts to a new location to provide all readers a better experience.


"Expect the Best" Mike

Thursday, December 4, 2008

This home is the best buy in East Lansing. Seller says bring all offers.

This home is the best buy in East Lansing. Seller says bring all offers. Don’t wait on this wonderful 1728+ Sq. Feet, four bedroom home with 2 1/2 baths, formal dining room, formal living room and spacious family room to enjoy a cozy fire anytime with the gas log fireplace. Great kitchen with ceramic floor, laminate counters and refaced cabinetry adjacent to both dining areas. This is an opportunity of a lifetime for the large family who needs lots of bedrooms, storage, near a neighborhood park and a nature trail right out your backdoor. Fabulous neighborhood that is convenient to MSU, Lansing, East Towne centre, and much more. Additional features include: Master bedroom with walk-in closet and full bath. Glass French doors leading from ceramic foyer to living room and family room. Enjoy the finished recreation room in the basement with cedar closet and with tons of storage space. By having a nice corner lot, side load garage, and huge deck, this under-priced home creates an easy to maintain yard for those who would want to enjoy the amenities in this great neighborhood.

Tuesday, November 25, 2008

Reasons To Be Thankful About Lansing Michigan & Why It's A Great Place to Buy Real Estate


My son Matt wrote these items up on what the greater Lansing area should be thankful for this Thanksgiving. There are several great reasons here that should make anyone want to buy a house in the greater Lansing area:

· I Believe in Greater Lansing ~ Do you?

· Our Community is bursting with Opportunities and Possibilities.

· 93 % of greater Lansing’s work force is WORKING!

· Over 4700 properties have SOLD year to date with Local REALTORS®

· There has NEVER been a better time to invest in Real Estate.

· The largest selection of homes in years is a major benefit for the Buyers.
· Interest rates are remaining VERY favorable.

· Low income and first-time Home Buyer programs are available.

· The Dream of Home Ownership is the fabric of our culture.

· Programs are in place to help homeowners keep their homes.

· $6 Million Federal Boost Set Aside for Lansing Neighborhoods

· Our performing arts and cultural centers are alive and well and growing.

· We are Green with outdoor sports, excellent parks and nature centers.

· Our Museums are wonderful family time opportunities.

· CATA was awarded #ONE public transportation in North America

· Lansing is the only region in the world with two new auto plants.

· The most technologically advanced plants in the world are producing some of the hottest and best vehicles in the country.

· GM owns an additional 700+ acres in Delta Township for the future.

· GM has the potential and opportunities to be a world leader again.

· The State of Michigan Government is in our front yard.

· Michigan State University is a community treasure and world leader.

· The Spartans beat U of M this year and are going to a choice bowl game.

· Cooley Law School is the largest law school in the country.

· Sparrow Health Systems is growing, building and healing at a record pace.

· Ingham Regional recently constructed a state-of-the-art Heart Center.

· Our Community has become a model leader in Health Care.

· Technology and Biotechnology companies are expanding in greater Lansing.

· Major Insurance companies (headquarters) are expanding.

· We have the largest cluster of Insurance companies in the country.

· Financial Leaders and Service growth is occurring all over the region.
· People are still transferring every day into our area from around the country.

· Lansing was awarded “top ten” best tasting water in America.

· Community support and fundraising remain very high. We Care!

· We have proactive and enthusiastic Leaders in Regional Development.

· The Capital Area is one of Michigan’s growth trend communities and is

an important player in Michigan’s economic recovery.

· Lansing is receiving national attention for being VERY affordable.

· Greater Lansing is an excellent place to live, to raise a family, and to work.

· www.capitalgainsmedia.com is an excellent local resource for good news.

· I’m Thankful for Greater Lansing ~ Are You?

Matthew M. Bowler

Happy Thanksgiving to You and Your Families, Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Search Homes around the Greater Lansing Area

Monday, November 10, 2008

The Video That Made Me Cry - Christian the Lion | Thank Goodness It's Monday

Love comes in many fashions - hope you enjoy. Mike




more about "The Video That Made Me Cry - Christia...", posted with vodpod

Wednesday, October 29, 2008

I've Got the Real Estate Blues

Frankie lee has a great song to share here, that is so true. His humor, lyrics, and wittiness will make you smile at our current problems and challenges. Hope you enjoy.




more about "I've Got the Real Estate Blues", posted with vodpod

Wednesday, October 8, 2008

"The trouble with our times is that the future is not what it used to be"


"The trouble with our times is that the future is not what it used to be". Paul Valery He is best known as a French poet who made the above statement and contributed much to society. Those of us in the real estate business, mortgage business or consumers attempting to sell their homes can relate to this quote. Real estate is not what it used be, and probably never will be. These are certainly challenging times for everyone. Regardless of where I go, what I read, or listen to, it seems to ring with the negativity that comes with mediocrity. Are we as a nation wailing in our own self pity, or are we going to be part of the solution. Real estate markets are just that, real estate markets. There is no such thing as a good market and a bad market, it's just a market. Supply and demand have always controlled the price of housing.

Now, granted it does not help having troubled financial institutions, politicians talking out of both sides of the mouth, or funny money be created by our Government. Between these fiascoes and the media consistently driving bad news down our throats 24 hours a day, it is challenging to stay positive. I can assure you one thing, that is, from 2000 to 2006 when home prices were going through the roof, mortgages were provided to anyone who could fog a mirror, and homes were having two and three offers written on them, no one complained. You can go back in history and see a similar pattern in the 70's. 80's and 90's. Yes the future is not what it used to be, however, it does resemble the past.

I have a sign that hangs above my desk, that I am in the habit of reading each and everyday. It says: "Tough Times Never Last, Tough People Do!" quoted off a Book title written by, Robert H. Schuller back in the 80's. Another little reminder that I have hanging there is a sign that says, "I must do the most productive thing possible at every given moment". Tom Hopkins. Tommy was an inspiration to my real estate business and life in general back in the early eighties and still is today. When interest rates were 18% people thought the sky was falling, however we survived.

You may ask, who this post is meant for? It's meant for all of us. If we want to make this world a better place to live, we need to start at home. We need to go help a friend, neighbor, or shelter down the street. We need to share our experiences, our smile, and our attitude with others. We need to get out of our own head and be of service to other people. I believe, that our world will change, when we do. What do you think?

Thursday, September 18, 2008

Inventory of New Homes at Low, Could Be Good News for Other Sellers


I received this post today from The Mortgage Guys, in Lansing Michigan. They keep me posted on a daily basis of the current financial market conditions, interest rates and to either lock in the rates or float. This is good service for home buyers and sellers in the greater Lansing area to have access to search homes on my site and get solid financial information from my contacts in our concierge department. Thanks Don for another great update.

In August, home builders broke ground on the fewest number of homes since January 1991.

It was the 16th straight month in which Housing Starts declined.

But, although the press labels these statistics indicative of a recession, home sellers nationwide quietly applaud them.

With fewer new homes coming on the market, home sellers are finding that there's less competition for buyers, helping them to command higher prices for their homes.

It's Supply and Demand in its most basic form.

But that's not all that home buyers have to worry about. The most recent Existing Home Sales report showed an increase in sales nationwide, plus a reduction in the number of single-family homes for sale.

Again, Supply and Demand. Good for sellers, bad for buyers.

However, we should keep in mind that real estate is local. What we see in national and regional trends are not as important as what's happening in your town, your neighborhood, and your street. But, if we learn one thing from the chart above, it's this: builders are rational.

If homes won't sell, builders will stop building them. And, sooner or later, the market -- and home prices -- will catch up.

(Image courtesy: The Wall Street Journal)


"Expect the Best" Mike

Sunday, August 24, 2008

Selling Your Home in the Greater Lansing Real Estate Market? Here Are 10 Keys


Find the key to getting the most exposure for your real estate in the greater Lansing real estate market by talking to your agent about their Internet marketing plan for your house. The following questions, if answered properly will get your home the most exposure, which will generate traffic and interest. Top priority of course is pricing your home competitively based on recent sales.

1. Do you have a personal website, that syndicates out to other sites on the web?
2. What are those additional sites that my home will be marketed on?
3. If what fashion will you drive traffic to these sites?
4. Will you use keywords, pinging programs and social networking sites?
5. Will you post my house on a real estate Blog with links back to my property on your site?
6. Will you use a program like SawItOnLine to build ads for Craig's List and other media's?
7. Are you using a smart phone with instant email to respond fast to buyer inquiries?
8. Will you post my house on major Portals like Trulia, Realtor.com & Zillow?
9. Do you have marketing plans to talk about the amenities of my community?
10. Will you keep me abreast to all marketing, activity and communication by email?

If you would like to learn more about marketing your home in today's challenging real estate market, by getting the best exposure, feel free to contact me or visit my website today!

"Expect the Best" Mike

Sunday, August 3, 2008

"Barnes Ave" "Large Duplex" "Lansing MI"

This home has been completely renovated and is huge. 4 bedrooms on one side, 3 on the other, it’s a must to see and a great opportunity for someone who attends LCC, Colley Law School or works downtown. Rent one side out and live on the other. Legislators, Congress Representatives, Liberals Conservatives, Independents, you name it; they could join forces and live together here and share a ride downtown. (Now that’s bi-partisan) This is an example of pride of ownership and making Lansing a better place to live. Call or email today on this one. Virtual Tour Here:

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com

Saturday, August 2, 2008

Are You Puzzled About the Real Estate Market in Greater Lansing?

If You're thinking of selling your home in the current real estate market, it's important to have a real estate professional that has a positive attitude, has experienced tough times (Early 80's), knows your market, Internet technology, real estate law, negotiation skills and someone who is ready to go to work for you.
Your home's value depends on many factors, including its style and size, amenities, condition and, of course, location, location, location. In addition, the value of your real estate investment can be affected by market conditions: interest rates, supply and demand and the overall strength of the economy.

My Home Sellers Kit is packed with information to assist you in your decision making process. You can also order your FREE Internet Marketing Seller Presentation here to discover the various syndicated websites your property will be exposed to when marketing your home with me. Not only will your listing get serious advertising on my website and on the websites of all of my network partners . . . I will also push it out all over the web, to the busiest real estate marketplaces online.

My goal is to provide you with the latest real estate marketing systems, technology and a high level of customer satisfaction to get you happily moved into your new home or to sell your existing home. In modern markets, having a technological edge can make a dramatic impact. I have that edge, and I am looking forward to using it to your advantage.
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
Website for Clients: MikeBowler.com

Wednesday, July 23, 2008

Open Sunday 2:00 to 4:00 P.M.

http://ping.fm/5LPha

Saturday, July 19, 2008

MAR News - Homeowners Can Still Take Advantage of Principal Residence Exemption


Homeowners can still take advantage of Principal Residence Exemption
As you know, PA 96 of 2008 created a new tax break for people who have moved to a new principal residence but have been unable to sell their previous principal residence. Under the new law, the owner is allowed to maintain a Principal Residence Exemption (PRE) on their former home for up to 3 years if the home is vacant and for sale. This new law expands the Principal Residence Exemption to unsold homes, essentially allowing for two exemptions where homebuyers have their original property on the market but are now living in their new home elsewhere in the state.
To claim this tax break, the owner must file a Conditional Rescission of Principal Residence Exemption Form #4640 with their local assessor. Unfortunately, the bill was not signed until April of this year and that left a narrow window for taxpayers to file before the May 1 deadline in order to claim this benefit for 2008.
However, an amendment was inserted into Public Act 198 of 2008, allowing any homeowner who missed the May 1st deadline for the 2008 tax year to now file an appeal with their community's July or December 2008 Board of Review. This is a tremendous victory and offers property tax relief for homeowners in Michigan.
Individuals should contact local assessors for meeting dates and additional information. Traditionally, the July board of review has met the Tuesday following the third Monday in July (July 22 this year). A change in the law (PA 122 of 2008) allows communities to schedule their board of review any time that week. While most communities will meet on July 22, taxpayers should contact their local government to be sure they know when the board of review meets in order to submit Form #4640 to the board of review for consideration.
The ability to appeal to the board of review is for 2008 only. Homeowners will need to apply to keep their PRE by December 31 of the previous year. Homeowners can already file the form for 2009 with their local unit of government. For additional information, please check out www.michigan.gov/treasury .

Thursday, July 10, 2008

Selling Your Home in The Greater Lansing Real Estate Market


Selling your home can be more likely in today’s market using the proper marketing programs and the Realtor who believes in technology. Yes, homes sell based on price, location and features, however it takes exposure as well. Here are some questions to ask your Realtor.
1. With more than four out of five home-buyers using the Internet to find their new home, which sites are you going to post my property on and how many?
2. Which multiple search platforms will you attract attention to my property with? Will you use Google, Yahoo, and MSN search engines that control the majority of the business.
3. How many photographs will you place on your website promoting my property? Will it be 10-20 or 30 various snap shots of different rooms of my home?
4. Will you post on your Blog about my neighborhood, community and my house in general to drive traffic toward your website, which increases exposure?
5. Do you have network partners like Facebook, Googlebase, Craigslist and Trulia who have national exposure in some of the busiest marketplaces?

By subscribing to some of the most effective real estate technology available a Realtor can give your home more exposure then has ever been available to effectively attract potential buyers. That’s why I use Point2NLS which automatically places potential buyers in a communication program so that I am sure to maintain friendly contact with them, encouraging more repeat visits to my website and more repeat viewings of your listing.

"Expect the Best" Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com
Search Listings

Friday, July 4, 2008

Real Estate Disclosures for Eaton County


When selling your home, you may be obligated to disclose problems that could affect the property’s value or desirability. In Michigan, it is illegal to fraudulently conceal major physical defects in your property, such as a basement that floods in heavy rains. And many states now require sellers to take a proactive role by making written disclosures on the condition of the property. Today Realtors in the greater Lansing area are required to provide you a four page seller disclosure form that you fill out in your own handwriting that becomes your statement of of disclosure for condition of the property. This is not a substitute for for any inspections or warranties the Buyer may wish to obtain when they place an offer on your home. Other disclosures may include: a lead-based paint disclosure, a well and septic evaluation, and others. You can be better prepared to sell your house by having a pre-home inspection, placing a home warranty on your house, and using the full disclosure opportunities we provide in today's market. If you have questions on these issues or any other related questions about selling your house in today's market, feel free to visit my website.
"Expect the Best" Mike
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com
Search Listings

Friday, June 6, 2008

"Now's the Time to Make Your Move" Lansing Michigan


What kinds of housing are available in your area (styles, pricing, sizes, subdivisions and neighborhoods)? That's a question I am often asked by buyers transferring into the greater Lansing, Michigan area. We are very fortunate in the Tri-County area of Ingham, Clinton and Eaton Counties to have GM, Michigan state University, and the State of Michigan as a draw. However, many good smaller employers are also starting to take a closer look at what Lansing has to offer. I am optimistic about the future for central Michigan regardless of the bad press, changing market conditions and other challenges we have had over the past few years. As market conditions begin to pickup, which they have over the past few weeks, we will continue to see a brighter future for Michigan. Buying a home is a great way to build long-term wealth. Notice, I said long term wealth, hopefully everyone learned something from this past mortgage crisis and sub-prime fiasco that real estate is not a get Rich quick skim of flipping houses, however it has always proved to be a wonderful long term investment for future wealth. There is some other important dividends, also that include, tax advantages, private ownership and the fact that you have more at the end of the year besides rent receipt's.


Speaking of great investments, Now's The Time to Make Your Move! Visit my website for additional information on buying and selling real estate in today's market.
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com
Search Listings

Wednesday, May 14, 2008

Lansing Michigan Real Estate is Not a Loser - We're Winners!


Several news articles have broken in the past few days about how Lansing Michigan is the big loser when it comes to drop in housing prices, referring to the median price drop of 27%. What most articles always tend to leave out is that the national median normally is a typical market price, where half of the homes sold for more and half sold for less.

NAR President Richard Gaylord, said the U.S. market is very dynamic. "It's more important than ever to examine what's happening with home prices at the city and neighborhood level," Gaylord said. "The old real estate mantra of ‘location, location, location' is perhaps more relevant today than ever before. Consumers should check with REALTORS® for local expertise on what's going on in their own area because conditions can vary considerably from one neighborhood to the next."

Lawrence Yun, NAR chief economist, said the numbers don't tell the whole story. "These are highly unusual results because there were very few jumbo loan originations in the latest quarter, so sales are much slower in high-cost areas, and at the same time foreclosures related to subprime mortgages rose," he said. "Neighborhoods with little subprime exposure are holding on very well, while prices have fallen in neighborhoods with a wide prevalence of subprime loans because more foreclosed properties are being sold at discounted prices."

Coldwell Banker Hubbell Briarwood recently published its quarterly housing report which gives you a more accurate description of what's going on in the Lansing area real estate market. Some interesting stats that show some parts of Lansing city area (Four Areas) with average sale price down as much as 44% vs. surrounding communities down in average sale price down as low as only 3%. I think thats what Mr Yun is referring to above, real estate is about location, location, location. We are seeing deep discounts on bank owned properties, that affect the median price, however you need to keep in mind that only 1 in 150 homes in the Lansing area are repo's and sellers don't need to play that game. To find out the value of your home in today's market, you won't find it in the newspaper, because they are not telling the whole story. You need to read beyond the headlines and take it to a local level. My last 3 closings were within 5% of list price.
Now, more than ever is when sellers need professional advice on marketing their real estate. Even more important is hiring a Realtor who is going to be optimistic about your transaction, yet realistic to be competitive in today's market.

Feel free to contact me if I can answer your questions about selling a home in the greater Lansing area. I'm SOLD on real estate as a great investment and understand that the there's repos and then there's your house, which is not all in the same.

"Expect the Best" Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com
Search Listings
Website for Agents: MikeBowler.net
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Tuesday, May 6, 2008

Selling a Home in Delhi Township, Holt, Michigan, FREE Reports


Selling your home is an involved process that affects your family and your future. Before you begin this process, you'll want to ensure that you have the most up-to-date information. When should you sell? How do you get the best price? What kinds of renovations should be made prior to the sale?

These home selling reports will assist you in answering the many questions that arise during the home selling process. When you're armed with the right information, and an experienced real estate professional, you'll be closer to reaching your goal - selling your home fast, and for the best price.

"Expect the Best" Mike
Coldwell Banker Hubbell Briarwood

Sunday, April 20, 2008

Five FREE Home Seller Reports - Lansing Area Sellers


“Profit occurs when preparation and experience meet opportunity."

When it’s time to sell, you must be confident that every element of negotiating the best terms and the highest price has been set before your home is even listed.

Start with the resources I can provide you. There is no charge for this information. These will help get you started in terms of assessing your real estate situation and planning for a stress-free and successful sale.

The real estate market in the greater Lansing area is volatile, especially lately, and it takes an experienced professional to move your house quickly, professionally, and profitably.

When you’ve decided to sell, I will be your advocate, your guide, and your fierce negotiator. I will work hard to make yours a great sale.

I look forward to it.

"Expect the Best"
Mike Bowler Sr.

Coldwell Banker Hubbell Briarwood

Thursday, April 10, 2008

Real Estate Cooking in Lansing Michigan, Real Estate Laws That Is.


New legislation is being introduced, often to late these days. Here 's one example of the new requirements that mortgage brokers will have, which should have been done years ago to prevent the fraud that took place between 2001 and 2006. better late than never. Part of the bailout programs and economic stimulus being introduced by congress over the past couple of months are also a good long read, if your up for the juggling act. In the end, I think we will all learn something from this fiasco of a real estate market. One thing I already know is that strong will survive and come out of this with a new appreciation on life, homeownership, and what greed has done to the U.S. economy.
Now that the sun will shine around Lansing Michigan for the next few months we may start reducing some inventory to balance things out. Activity has picked up somewhat over the past few weeks, rates are stable, and as I always say, there has never been a better time to buy a home.
"expect the Best" Mike

Tuesday, March 25, 2008

Real Estate: 2215 Fairfax, Lansing Michigan $127,900.00 WOW!

I heard it was open Sunday March 30th from 1-3 p.m. You better hurry on this one in Colonial Village.

read more | digg story

Thursday, March 20, 2008

Real Estate Marketing 101, No, Try 2008


As an ePro and real estate Blogger I find it very important in today’s market to connect and network with those who believe in the power of the Internet to enhance their business and career. I have found that it does not matter where I happen to be focusing my business on for that day in the greater Lansing area, I can post an article about the real estate business in that area to benefit my clients, customers and Realtor friends who believe in technology. Delta Township, Grand Ledge, and Delhi Township have been key areas that I have hyperlinked into my website for clients to obtain demographics and other great information about those communities. Point2Agent Websites have been a plus for Realtors because of the high search engine rankings and the idea of handshakes that Realtors can do with each other to co-operate on listings.

Much of what I have written above may sound of beat to what you have been use to over the years for real estate marketing, however times have changed rapidly over the past few years and will continue to evolve into what we call the Web2 stage where you, our customer will have a better opportunity to participate in this exciting new world of Real Estate Technology. Here are a few samples: a Squidoo lens to promote a property, A HubPage is yet another tool, and then of course the Blog is a great way to promote a listing.

Monday, March 17, 2008

Avoid The Most Common Buyer Errors


Shopping for a new home is an emotional experience. It’s also time consuming and comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:

Paying too much
Losing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Remember additional cost
Besides the funds for the purchase of a home, you’ll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc.

Rushing the closing
Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don’t rush. You could lose money, financing or even the sale.

Buying real estate in the greater Lansing area? View over 6000 listings here.

"Expect the Best" Mike


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Wednesday, March 5, 2008

Coldwell Banker 2008 TV Ad - Rapid Response

This is another great tool offered by Coldwell Banker that help generate additional website activity for my current technology marketing plan that I offer all my sellers at http://www.mikebowler.com

Wednesday, February 27, 2008

Title: Five Topics to Discuss With Your Real Estate Agent When Selling Your Home


Thinking of selling your home? Before you place the “For Sale” sign in front of your house, there are a few things you should consider in order to maximize your home value and make the sales process smooth and efficient. Be prepared to discuss the following subjects with your real estate agent when you’re ready to sell your home and you’ll be one step ahead in the market.

1) Best Time of Year to Put Your House on the Market
Conventional wisdom dictates that spring is the best time for selling a home. The weather is getting warmer, the school year is coming to an end, and people who have just received their tax refunds may now have extra cash to use for a down payment on a home. However, since not everyone can sell a home in the spring, here are some other seasonal factors to consider. According to annual home sale data from the National Association of Realtors, the slowest selling months of the year are typically January and February, since fewer home sales occur during the holidays. In spite of this, with less competition in the marketplace, you may be able to ask for a higher price for your home, or a quicker closing. Additionally, temperate locations like Florida and California don’t see the seasonal fluctuations in the housing market, where house-hunters are almost always looking. And a late winter or early spring in the Northeast may extend the typical “selling season.” These seasonal variations, as well as a variety of local factors, will all influence the housing market in your area. Be sure to talk to your real estate agent regarding the current state of the market and how it will affect the sale of your home.

2) Open House Strategy and How to De-Clutter
At an open house, first impressions count, so you’ll want to enhance your home’s perceived value. Make your home inviting by taking care of bothersome minor repairs; clean bathroom and kitchen counters and clear them of dishes and clutter. Arrange storage areas neatly and put unused items in a closet. If you have pets, consider having a neighbor watch them for the duration of the open house. It’s a good idea for you to be absent during the open house, also. If you must be present, let your agent do the talking.

Decorate your home to sell by arranging the furniture to look as spacious as possible. Add color and fragrance to any room with fresh flowers. Lastly, don’t forget the outside of your home. Put away all gardening equipment and neatly arrange outdoor items like firewood or furniture. Even take a hard look at your mailbox and make sure it reflects the value and character of your home.

3) Features to Accentuate
While you may have long determined which aspects of your home you love, having a fresh set of eyes assess its best features is a smart idea. If you’re considering selling your home, take the time to walk through it methodically with your real estate agent. Together you can determine which features of the home should be accentuated. Does your home have a wonderful view? Make the most of it by sprucing up window treatments and arranging furniture to draw the eye toward the windows. Perhaps the location of your house is truly incredible. Your real estate agent can help accentuate this feature in sales and marketing materials.

4) Desired Price and Bottom Line Price
It’s great to shoot high, but when determining your home value, it’s also important to identify your bottom line. By assessing recent home sale statistics in your area, your real estate agent can recommend an appropriate target price range. Working with your agent, you can set an initial asking price, as well as privately determine the absolute lowest price you would comfortably accept for selling your home. By crunching the numbers and setting parameters early on, you can avoid emotional rollercoasters during the process of receiving, countering and accepting offers.

5) Disclosures
When selling your home, you may be obligated to disclose problems that could affect the property’s value or desirability. In most states, it is illegal to fraudulently conceal major physical defects in your property, such as a basement that floods in heavy rains. And many states now require sellers to take a proactive role by making written disclosures on the condition of the property. Ask your real estate agent for the particular laws of your state.


Visit My Website for addtional information specializing in Lansing real estate, DeWitt, Grand Ledge, Holt, Okemos, Haslett, East Lansing, Bath, and Ingham, Clinton, Eaton County. Lansing] MI Real Estate Listings and homes for sale, local information, free advice for home buyers and sellers.

Saturday, February 16, 2008

Delhi Township, Holt Real Estate, Preparing Your Home for Sale

First impressions make a significant impact on a buyer’s decision-making process! Once your home goes on the market, it becomes a product. Home Styling or Staging simply allows you to highlight the best of your home and de-emphasize its flaws. It’s not about decorating, but actually turning your home into a model, to appeal to the broadest range of prospective buyers. The goal is to make people feel like they could live there, and the best way to do this is to “neutralize” the surroundings.

Try out these helpful styling tips taken from Setting the Stage - REALTOR® Magazine Online. They’ve compiled the best tips from stagers and real estate pros—things you can do for little or no expense—to put a home in prime showing shape.

*Clear out closets and clutter—sellers can give away or pack up toys, linens, and small kitchen appliances to store offsite. Buyers are also forgiving of storage boxes neatly tucked away in a garage or basement.
*Focus most on the most visible areas—the foyer, kitchen, living room, master bedroom, and family room.
*De-personalize the home by removing photos, mementos, and dated items.
*Use plants in colorful pots or inexpensive wicker baskets to fill in empty spaces.
*Look to home catalogs for little details on beautifying the home. For instance, group books, pictures, and objets d’art appealingly on bookcases.
*Try angling one or two pieces of furniture slightly and move furniture 4 inches to 6 inches from the wall to create more interesting room spaces.
*Put away large collections— porcelains, plates, and so on.
*Remove valuables, prescription medicine, collectibles, and breakables.
*Trim trees, prune shrubs, and make sure the lawn is mowed and watered regularly.
In summer, turn on the sprinklers for five minutes, 30 minutes before the open house. It makes the lawn and driveway sparkle.
*Refrain from cooking anything that leaves a distinctive odor, such as fish, garlic, or cabbage.
*Hire a professional service to clean the home, including the carpets and the windows.
*Set the dining room table with attractive linens, dishes, and stemware.
*Arrange fresh or silk flowers throughout the home.
*Light a fire in the fireplace in fall and winter.
*A mirror in a pretty frame can make a small room feel more open.
*Use as much natural light as possible. Add extra lamps in dark rooms or corners.
*Make functional repairs—fix dripping faucets, sticking doors, and broken fences.
*Bring in another pair of eyes—even if it’s not a professional stylist. The person may see problems you and have missed.
Visit my website for addtional ideas on preparing your home for sale & establishing value.

Monday, February 11, 2008

Lansing Real Estate, Stars, Science, & Grilled Cheese

The Greater Lansing area is a great place to live, work, and visit, there are also great things to do here for all ages. Abrams Planetarium offer a variety of planetarium shows if your interested in the stars and planets. Sharon and I took our grandson there recently and thought it was wonderful. I highly recommend it. Another great place is Impression 5, to bring a group of children of all ages. There are workshops, tours and a variety of educational displays.
I provide a list of various community sites, in addition to other important links for the Lansing area on my website.

Now, before we get back to real estate, I thought you may find this interesting. Grilled Cheese Sandwich Restaurants are starting to pop up, Akron Ohio just opened one. I hope we get one in Lansing soon, everybody loves grilled cheese sandwiches.
The real estate market has shown some improvements over the past month and will gradually improve as the weather changes. With 0 degree temperatures on Sunday, not many buyers were out looking at open houses, however the ones who were, are serious buyers. Interest rates are below 6%, pricing is great, there is plenty to pick from. There has never been a better time to buy a home.
Bookmark my site for all your real estate needs and I also invite you to subscribe to my blogs.
"Expect the Best" Mike

Tuesday, February 5, 2008

More Great News for Buyers on Lansing Real Estate Market & Housing

Realogy and Coldwell Banker will be running a series of three consumer confidence ads in USA TODAY, beginning Wednesday, February 6th and continuing on February 13th and February 20th. The ads cover a number of topics, including:

Money is available to those with reasonable credit
Mortgage rates are attractive — at or near historical lows
Many lending options exist
Recent rate cuts mean increased buying power for consumers
Greater selection of inventory
Housing affordability is at a three-year high
Now is the time to act if a home purchase is in your future plans


Jim Gillespie, President of Coldwell banker indicated that these ads will reinforce the recent aggressive rate cut actions undertaken by the Federal Reserve. He indicated that our goal is to educate and inform potential homebuyers and sellers about the most relevant facts in today's residential real estate market.


I think this will help support another reason why buyers should get into the market to take advantage of the opportunities that exist today. Now’s the time to make your move!
Other support material to give you reason to start home shopping is available on my website at MikeBowler.com and below:







"Expect the Best" Mike

Sunday, February 3, 2008

Five Topics on Selling Your Home In The Lansing Area

Thinking of selling your home? Before you place the “For Sale” sign in front of your house, there are a few things you should consider in order to maximize your home value and make the sales process smooth and efficient. Be prepared to discuss the following subjects with your real estate agent when you’re ready to sell your home and you’ll be one step ahead in the market.

1) Best Time of Year to Put Your House on the Market
Conventional wisdom dictates that spring is the best time for selling a home. The weather is getting warmer, the school year is coming to an end, and people who have just received their tax refunds may now have extra cash to use for a down payment on a home. However, since not everyone can sell a home in the spring, here are some other seasonal factors to consider. According to annual home sale data from the National Association of Realtors, the slowest selling months of the year are typically January and February, since fewer home sales occur during the holidays. In spite of this, with less competition in the marketplace, you may be able to ask for a higher price for your home, (oops, Not in today's market!) or a quicker closing. Additionally, temperate locations like Florida and California don’t see the seasonal fluctuations in the housing market, where house-hunters are almost always looking. And a late winter or early spring in the Northeast may extend the typical “selling season.” These seasonal variations, as well as a variety of local factors, will all influence the housing market in your area. Be sure to talk to your real estate agent regarding the current state of the market and how it will affect the sale of your home. (Now, here's where I can help!)

2) Open House Strategy and How to De-Clutter
At an open house, first impressions count, so you’ll want to enhance your home’s perceived value. Make your home inviting by taking care of bothersome minor repairs; clean bathroom and kitchen counters and clear them of dishes and clutter. Arrange storage areas neatly and put unused items in a closet. If you have pets, consider having a neighbor watch them for the duration of the open house. It’s a good idea for you to be absent during the open house, also. If you must be present, let your agent do the talking. (Go to a Movie)

Decorate your home to sell by arranging the furniture to look as spacious as possible. Add color and fragrance to any room with fresh flowers. Lastly, don’t forget the outside of your home. Put away all gardening equipment and neatly arrange outdoor items like firewood or furniture. Even take a hard look at your mailbox and make sure it reflects the value and character of your home.
3) Features to Accentuate
While you may have long determined which aspects of your home you love, having a fresh set of eyes assess its best features is a smart idea. If you’re considering selling your home, take the time to walk through it methodically with your real estate agent. Together you can determine which features of the home should be accentuated. Does your home have a wonderful view? Make the most of it by sprucing up window treatments and arranging furniture to draw the eye toward the windows. Perhaps the location of your house is truly incredible. Your real estate agent can help accentuate this feature in sales and marketing materials.

4) Desired Price and Bottom Line Price
It’s great to shoot high, but when determining your home value, it’s also important to identify your bottom line. By assessing recent home sale statistics in your area, your real estate agent can recommend an appropriate target price range. Working with your agent, you can set an initial asking price, as well as privately determine the absolute lowest price you would comfortably accept for selling your home. By crunching the numbers and setting parameters early on, you can avoid emotional rollercoasters during the process of receiving, countering and accepting offers.

5) Disclosures
When selling your home, you may be obligated to disclose problems that could affect the property’s value or desirability. In most states, it is illegal to fraudulently conceal major physical defects in your property, such as a basement that floods in heavy rains. And many states now require sellers to take a proactive role by making written disclosures on the condition of the property. Ask your real estate agent for the particular laws of your state.

The staff at Coldwell Banker Real Estate LLC writes select articles about important topics related to real estate. For more information about buying a home or selling your current property, visit ColdwellBanker.com today. (When your done there, come back to my site for to view over 6000 listings, get additional selling information and the latest Lansing area real estate updates. "Expect the Best" Mike

Wednesday, January 30, 2008

Lansing Homes, Rate Cuts, & Tools for Buyers

Fed Cuts Rate Again This will be a big shot in the arm for home sellers and buyers in the greater Lansing real estate market. In addition to today's good news, NAR Says the Economic Stimulus Legislation Will Help Jumpstart Sluggish Housing Market .

Inventory remains high throughout the suburbs of Okemos, Holt, Grand Ledge and Dewitt, which means buyers have plenty to pick from.

An Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

"Expect the Best" Mike

Monday, January 21, 2008

Delta Township, Enrichment, Real Estate and Green

Right now in Delta Township there is an excellent selection of inventory to pick from on some great homes. Interest rates dropped below 6% last week to put a spark of enthusiasm into the market and increase hits on most real estate websites. If your thinking of moving to Delta Township area make sure you check out the opportunities offered by the Delta Parks and Rec Department. Enrichment classes for kids and adults of all ages. You'll also find some information about Delta Township's greener awareness program and recycling program. Delta Township is also connected to two great school systems, Grand Ledge and Waverly. If you are looking for demographics about the community and desire additional information feel free to contact me or visit my website.
"Expect the Best" Mike

Friday, January 18, 2008

Greater Lansing Tips & Tools For Real Estate

I am beginning to see more activity in sales around the Lansing area compared to last year at this time. It appears that the buyers are getting off the fence, realizing that when interest rates are below 6% it’s time to make their move. The National Association of Realtors has launched a new website reaching out to consumers with the facts about home ownership and the value of real estate as a long-term investment. I encourage you to visit it.
If you’re a potentially ready, willing and able buyer thinking of owning a home and realize that at the end of the year as a renter you only have receipts, you may want to try out this Buying vs. Renting work sheet. It's a nice tool to compare owning a home vs. renting.
The greater Lansing area still has a nice selection of inventory and highly motivated sellers, who may even be willing to take you out of that lease your tied into. We're seeing some creative things going on right now that may disappear as inventory stabilizes back to normal levels.
You are always encouraged and welcome to bookmark my website for the tools and articles on buying and selling real estate.
"Expect the Best" Mike

Tuesday, January 15, 2008

Coldwell Banker Hubbell Briarwood Merger is Huge in Lansing Michigan

Today Coldwell Banker Hubbell Real Estate Co and Briarwood Realty announced the merger of their companies that will knock the sox's off the real estate industry in the greater Lansing area. With great pride and excitement, Bob Hubbell (My Boss), announced the affiliation publicly today. Both companies share high values for integrity and quality service. The public will benefit tremendously with this newly formed company called Coldwell Banker Hubbell Briarwood, enjoying 38% of the market share in volume, with the potential to grow substantially over the next few years. The talent of the management team, agents and support staff combined, will be an opportunity to multiply the exposure and strengths in a synergistic way for years to come. With the combined forces in real estate, the new company will have nearly 260 agents blanketing the entire greater Lansing real estate market.
Mergers and acquisitions have solved many challenges for our changing industry, by combining expenses, knowledge and expertise, to make excellent real estate companies. My hat goes off to Bob Hubbell CEO, and Bill MacLeod, President, for their vision and foresight to make this statement of courage in today's real estate market.
You can visit my website and blog for additional real estate market updates and tools to help you learn more about buying and selling real estate in the Lansing area.
"Expect the Best" Mike

Saturday, January 12, 2008

Real Estate , Great News, Delhi Township, Holt and Greater Lansing Area

It's alway nice to pickup some news that gives a positive slant on the future for real estate investing. Here are three recent headlines that certainly attracted my attention. We need to change the perception, don't you think?
1. NAR forecasts stable home sales in 2008
2. Stable existing home sales in 2008 and then rise!!!
3. The housing "correction" process is well underway
Delhi Township, Holt area has always had plenty to offer with real estate growth and still does today. A recent article I blogged focuses on the positives and why now is the time to make your move. In case you missed it here's the link.
The marketing of homes today has developed into a science of search engines, keywords, social networking, virtual tours, and email marketing. The day of classified ads in the local newspaper are gone. here are a few good samples on instant exposure to you home that can help entice a sale in today's market.
Home in Delta Township
Home for sale in Holt
Colonial Village 2 story for sale.
You can always get the entire area of available homes which consist of over 6000 properties for sale or by visiting my website.
"Expect the best" Mike

Tuesday, January 8, 2008

People Involved In a Real Estate Sale, Lansing MI


Have you ever stopped to think of all the people a real estate agent in Lansing, Michigan or anywhere else in the USA, puts to work when we sell a house. I have this handy list that I handed out to my agents once a year to share with their customers and clients. Realtors that sell homes are great contributors to the overall economic conditions. I am proud to be a Realtor, you shoud be also. My point is to buyers: Buy a house today and help the overall economy!

To Agents: Go sell a house today, nothing happens until you do! :-)


How many people could be involved in a real estate transaction?

ASSESSORS & STAFF, DRAIN COMMISSIONERS
APPRAISERS & STAFF, DRYWALLERS
ARCHITECTS & STAFF, FLOORING CONTRACTORS
ATTORNEYS & STAFF, FARM HOME ADMINISTRATION
ACCOUNTANTS & STAFF, FRIENDS OF BUYERS & SELLERS
ASPHALT CONTRACTORS, FAMILY OF BUYERS & SELLERS
ASBESTOS REMOVERS, FOUNDATION INSP & CONTRACTORS
AUCTIONEERS, FRIEND OF THE COURT
APPLIANCE SERVICERS, FEDERAL EXPRESS
ASTROLOGERS, FUEL OIL SUPPLIERS
BUYERS, FEDERAL HOUSING ADMINISTRATION
BUILDERS, FLOOD INSURANCE AGENTS
BUILDING DEPARTMENTS, HEATING & AIR CONTRACTORS
BUILDING INSPECTORS, INSPECTORS
BILLING DEPARTMENTS, HOME INSPECTIONS
BOARD OF REALTORS, HOTEL PERSONNEL
BOARD OF WATER & LIGHT, HOMES & LIFESTYLES MAGAZINE
BROKERS, HOME WARRANTY COMPANIES
BASEMENT WATERPROOFERS, HEATLH DEPARTMENT
CLOSING DEPARTMENTS, HOUSING COMMISSION
CLOSING BROKERS, INSURANCE AGENTS & COMPANIES
CLOSING AGENTS, INVESTORS
CEMENT CONTRACTORS, INVESTMENT COUNSELORS
CARPET INSTALLERS, INGHAM COUNTY
CARPET CLEANERS, INTERNAL REVENUE SERVICE
CREDITORS, KITCHEN CONTRACTORS
CHILD CARE PROVIDERS, LEASING COMPANIES
CREDIT BUREAUS, LAB TECHNICIANS
CABLE COMPANIES, LUMBER COMPANIES
CONSUMER POWER CO., LAND CONTRACT HOLDERS
CHIMNEY INSP & CLEANERS, LAWN CARE & LANDSCAPING
CONDOMINIUM ASSOCIATIONS, LANSING STATE JOURNAL
DEPT OF NATURAL RESOURCES, LANDLORDS
DEVELOPERS, LOAN ORIGINATORS
DOWNTOWN DEVELOPMENT AUTH, LOAN PROCESSORS
DESIGNERS, LOAN UNDERWRITERS
M.S.H.D.A, SIGN COMPANIES
MEDIATORS, SALES MANAGERS
MOBILE HOME BROKERS, SHOPPING GUIDES
MANUFACTURED HOME AGENTS, SECONDARY LENDERS
MASONRY, Almost Forgot Mike Bowler, SUPERVISOR’S OFFICE
MULTIPLE LISTING SERVICE, SURVEYORS
MOVING COMPANIES, SEPTIC INSPECTORS
NOTARY PUBLICS, SEPTIC PUMPERS
OIL & GAS LEASE HOLDERS, SECURITY SYSTEM COMPANIES
OIL TANK INSPECTORS & REMOVERS SUPPLIERS
PERSONNEL DEPARMENTS, SOIL TESTERS
PROPANE FUEL SUPPLIERS, SECRETARY OF STATE
PHONE COMPNANIES, SCHOOL ADMINISTRATION
PAINTERS, SIDING CONTRACTORS
PLUMBERS, SNOW REMOVERS
P.M.I. COMPANIES, SELLERS
PLANNING DIVISIONS, STORAGE FACILITIES
PRINTERS, SEWER CLEANERS
PHOTGRAPHERS, SWIMMING POOL CONTRACTORS
POTENTIAL BUYERS, SUBDIVISION ASSOCIATIONS
PERSONAL MARKETING CO., TENANTS
PAYOFF DEPARTMENTS, TOPOGRAPHICAL STUDIERS
PROBATE COURTS, TRIMMING CONTRACTORS
PEST INSPECTORS, TAX CONSULTANTS
POST OFFICE, TAX EXAMINERS
PROPERTY MANAGEMENT CO., TITLE INS. EXAMINERS
PERSONAL REPRESENTATIVES, TITLE SEARCHERS
REALTORS TITLE INS. UNDERWRITERS
REALTORS ASSISTANTS, TITLE COMPANIES INSURERS
RADON TESTERS, TREASURERS OFFICE
REAL ESTATE WEEKLY PUBLICATION, UNTIED PARCEL SERVICE
REGISTER OF DEEDS ,UTILITY BILLING DEPTS.
ROAD COMMISSIONER, WELL INSPECTORS
ROOFERS & ROOF INSPECTORS, WATER TESTERS
RELOCATION COMPANIES, WATER SOFTENER & PURIFIER
RUBBISH REMOVAL COMPANIES, CONTRACTORS
REAL ESTATE CONSULTANTS, WINDOW CONTRACTORS
RETIREMENT HOMES, WELCOME WAGON REPESENTATIVES
RECYCLING COMPANIES, ZONING COMMISSIONS

Oh! One last thing: Let's not forget, St. Joseph Statue Salespeople and Authors. "Expect the Best" Mike

Monday, January 7, 2008

Real Estate Market Update For Lansing Michigan

Want to stay on top of the real estate market in the greater Lansing area? Go to Goggle, select "Alerts" Type in Lansing Real Estate, in addition to your email address etc. Wham-o! You will start receiving an email alert on all real estate related articles for Lansing Michigan. For those of you, who live elsewhere, just replace Lansing with your hometown! Better yet! Sign up for Goggle Reader and receive the article right to your computer as they are written. or Go to Goggle: type in Mike Bowler, Lansing and get numerous articles on real estate concerning the Lansing area market.
College Students number one goal is home ownership according to a RISMedia article, a real estate source for Realtors that I get each day. Michigan State and Facebook also made the news in this article. Hope you enjoy. If you want additional information on buying homes there are several great articles here.
The USA Today had a great article for Buyers and Sellers on couping with today's real estate market. It's worth the read. Hope you enjoy.
We currently have 6137 listings available in the greater Lansing, Michigan area, which is down almost 500 from last month at this time. Now that is good news, houses are moving. When are you?
"Expect the Best" Mike

Sunday, January 6, 2008

Profile: Single, Bright and Female, Lansing Real Estate

Here is an interesting report about the singles buyer in the greater Lansing real estate market and nationally. Single Women are one of the fastest growing market segments
1 out of every 5 homes was bought by a Single Woman in 2006
1.5 million Single Women bought their own homes last year
Over 27% of first time homebuyers are Single Women
Average age: 42; early 30's to mid-50's; diverse market includes divorcees, single moms, young career women postponing marriage; about 25% are minorities
More Single Women are buying homes than ever before. They are financially independent and not waiting until they get married, or remarried, before they invest in their own home.
However, unlike couples or single men, this market thinks differently. Acts differently. And buys differently.
Profile of an Informed Customer
Single Women are smart, well-informed consumers, which is a great advantage for a strong, high-quality brand like Coldwell Banker®. Women tend to comparison shop and do more information gathering and research than men.
Women do their homework, do more research and expect a buttoned-up approach from partners
Women tend to focus on the details and are information hungry
Women talk to women: Network to find properties, locations, financing, services, etc
Tend to look at more properties; longer decision buying process
Expect high level of service; respond positively to random acts of kindness,
Provide 2x more referrals than men
Financially independent, however, more likely to be budget conscience. They want a partner who is sensitive to their budget
Get the scoop on buying and selling at my website. hope you enjoy. "expect the Best" Mike

Thursday, January 3, 2008

Lansing Real Estate Update on 2007 Market

The stats are in on 2007 vs. 2006 for the greater Lansing real estate market, based on searching residential sold units off the MLXchange for 2007 I found 4248 residential sales with and average sale price of $143,000.00 compared to 2006 having 4933 sales at an average sale price of $153,618.00. Units are down 14% while average sale price is down 7% over one year. So don't believe what you read, it's hogwash, spin, and dirty media tactics to sell bad news.
Overall Lansing faired well compared to most areas in the country. Keep in mind that the reduction in sale prices is contributed to numerous foreclosures. Bank owned properties are taking deeper cuts than most listings on the market. This should also show improvements over the coming year.
I predict 2008 will be up over 2007, however we will still be faced with a challenging market. Rising defaults on sub-prime-mortgage loans, record high inventory, and media headlines that read, Mortgage crisis, credit crunch, sub-prime, foreclosures, housing bust will still be printed vs. any good news that happens our way.
I will continue to subscribe to my national media sources that provide the real facts, on my Goggle reader and pass them on to my colleagues, clients and customers. There will still be millions of people buying and selling real estate in 2008, just like there was in 2007. In most major cities housing prices are still showing long term gains "In some ways, the extended real estate boom from 2001 to 2005 created unrealistic expectations that housing is a short-term high-yield investment," said NAR Chief Economist Lawrence Yun in a Realtor.org, recent article. I think he hit it right on the head, real estate is long term.
Your home's value depends on many factors, including its style and size, amenities, condition and, of course, location, location, location. In addition, the value of your real estate investment can be affected by market conditions: interest rates, supply and demand and the overall strength of the economy. What to do?
1. If your moving up, keep in mind that if you take a sale price 10% less asking price, you can probably pick it up on the new home you buy. 10% on $150,000.00 = $15,000.00 less. Buy a $200,000.00 house at 10% less = $20,000.00 Gain or a $5000.00 net gain, plus the new home you wanted.
2. If your not motivated to move, don't need to sell, stay where your at, however, keep in touch with the market. you can do that by visiting my website often or subscribing to my blog RSS.
3. If you're a buyer sitting on the fence. It's time to get off. Home prices are bottoming out, interest rates are still the lowest in years, you have plenty of properties to pick from, sellers are more apt to negociate and as the market changes, so will the prices and interest rates. There has never been a more opportune time to buy than today!
4. If you in trouble on your house payments, need help to keep your house or need to sell prior to foreclosure, seek professional help. There are numerous programs recently introduced to assist you. Make sure you investigate your options. It cost nothing to be advised by a professional.
5. If your looking to invest in real estate for building your portfolio, this is the time to pick up great investments on bank owned homes in the Lansing area. However, be prepared for vacancy, due to high vacancy and competitive rent rates.
For most of us, our home is more than a house and more than "just" an investment. Knowing the value it holdscan have a significant impact on how we achieve our financial goals. That's why, I want to earn the right to service your real estate needs now and in the future. If you live in Lansing, Delta Township, Grand Ledge, Delhi Township, Holt, Okemos, East Lansing, Haslett , Bath, Dewitt, Mason or Eaton Rapids, I service your area and you can "Expect the Best" Mike