Greater Lansing Michigan Events Summer 2010

There plenty of exciting events going on, in and around the Greater Lansing Michigan area this summer. Visit the SlideShare Presentation and mark your calendars for some of these local festivals, celebrations, and family affairs:

Greater Lansing Michigan Events 2010

View more presentations from Mike Bowler Sr..

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 Listings

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
Take the ePRO Class Get A FREE Website

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

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

Lansing Community is an Essential Part of Family, of Lifestyle, and of Real Estate

Understanding local conditions in Lansing is important when it comes to buying and selling real estate, but the neighborhood you choose can have a dramatic impact on all other aspects of your life as well. the Lansing area has many amenities, services, and opportunities for fun, education and home ownership that will impress you and your family. Search many of the greater Lansing area communities here.
When it’s time to move, call me to get a representative on your side who has experience, Lansing area market knowledge, and the confidence to help you make the best transaction possible. ”Expect the Best” Mike