Real estate in the Lansing area takes in the urban area plus many great bedroom communities like Holt, Mason Dewitt, Okemos, Grand Ledge, Dimondale, Haslett, Delta Township and others that offer great school districts, a wonderful selection of family homes, condos and investment properties. "Expect the Best" Mike Bowler Sr.
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8 Reasons Why You Should Work With a REALTOR® in the Greater Lansing Real Estate Market.
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR®.
1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.
2. Information and opinions.REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
3. Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.
4. Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
5.Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
6. Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.
7. Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.
8. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.
The greater Lansing Association of Realtors YTD stats were shared today at the general sales meeting of Coldwell Banker Hubbell BriarWood who meet once a month for industry updates, programs, and financial mews. The Greater Lansing Real estate market has positive numbers adding up as we near the expiration date (April 30th) of the home buyer tax credit. A whopping 21.89% increase over last year for volume and 16.76% increase in average sale price. Interest rates are at 5.15% today.
Two of the positive signs shared by Matt Bowler, general Sales manager were average sale price in residential increasing to $94,755.00 up 14% over last year and Residential Market Surplus at 11.25 months down over last year. What that means to sellers is that right now there is less competition on the market and pricing has somewhat stabilized compared to the big drop in pricing in 2009.
If you are interested in learning more about marketing your home in the greater Lansing real estate market and determining if now is the right time for you, feel free to contact me for a no obligation review of your current real estate wants and needs.
The Greater Lansing real estate market update for March 2, 2010. The Greater Lansing area is a great place to live, work, and play. We are showing signs of increased sales as the inventory continues to become lower also. last year at this time there was 11 months supply of homes, which is down to 7 month today. Now that's good news. The home buyer tax credit expires April 30, 2010 which has also been a contribution to pending sales. Transaction written prior to the deadline must be closed by June 30, 2010.
Buying or selling a home in todays market requires someone who knows what they're doing and will work hard to get the job done. My knowledge of the real estate market, negotiating skills, and ability to listen to clients' needs and desires keep me ahead of my competition.
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 Mike@MikeBowler.com