Archive | Real Estate Updates

    Private Waterfront For Sale 80 Acres – Hunt Fish 3 BD 3 BA HUGE Pole Barn

    1062 80th Avenue, Evart, MI 49631

    1062 80th Avenue, Evart, MI 49631

    Incredible – 80 acres of amazing land with a large private lake, stunning completely renovated 3 bedroom 3 bath home with 2680 finished sqft, several out buildings, large pole barn with heated and insulated areas, separate well and more, near the home is also a nice shed – the perfect distance from the house for projects. All around the land are groomed trails, a running stream, established hunting sites, wonderful fishing, a place to get away from it all. The ”front yard” features an open field setting with several small stand alone cabins. This property is a one-of-a-kind, just far enough away to enjoy the quite, yet close enough to town to have natural gas heat and easy trips to the store for whatever you need. Shown by appointment only.

    Forest Hills Schools – Private Waterfront Retreat

    Forest Hill Schools – Private Thornapple River frontage. This gorgeous Town & Country cedar home is surrounded by the natural beauty of hardwoods. Located on the open 6 mile stretch of the Thornapple River (all sports.) This home offers the best of rustic-lux. With soaring vaulted plank ceilings, stone fireplace, majestic views out every window, and quality finishes throughout every inch breathes the essence of home. The main floor master with luxuriously appointed on-suite, the additional bedrooms, finished garage loft space, and walk-out lower level each offer custom touches combining form, function and fun. Experience the peace of this location while appreciating its easy proximity to everyday amenities such as shopping, dining, entertainment, and more.

    Have You Outgrown Your Home?

     

    Have You Outgrown Your Home?

    Have You Outgrown Your Home? | Simplifying The Market

    It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.

    The good news is, it’s okay to admit if your house no longer fits your needs.

    According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.Have You Outgrown Your Home? | Simplifying The MarketThese two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.

    This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.

    Lastly, timing is key – looking to move UP during this time of year can really pay off.  Often the large house market is cooler during the winter months (not as many other buyers to compete with) while the market for your current house is often strong all year long (those looking to quite renting and purchase are less seasonal buyers.)

    Bottom Line

    If you think you’ve outgrown your home, let’s get together to discuss local market conditions and determine if now is the best time for you to sell.


    Source: Michigan Real Estate Updates

    Move-in Ready 4 Bedrooms 2 Fulls Bath with Barn for Sale

    177 W Broadway Street, Woodland, MI 48897

    Move right in – this charming ”farm house” is one of the original homesteads of Woodland. Offering a double lot that runs 110 wide by 264 feet deep. An easy walk to nearby schools, the library, and park. The exterior features low maintenance vinyl siding, a large deck, and a barn/garage with great character. Inside features many updates including hot water heater new in 2015, updated furnace and AC, today’s hottest colors throughout, with beautiful white kitchen, luxury plank vinyl (LPV) flooring, 2 full baths, main floor laundry, a master suite with private bath, and 3 upstairs additional bedrooms (the 3rd bedroom just needs a door.) Schedule your tour today and start enjoying this great home!

    Excellent Waterfront Opportunity: Thornapple River Waterfront Forest Hills Schools

    This is a rare opportunity offering an incredible location with sought-after Thornapple River frontage on “the pond” in Forest Hills School. With “great bones”, spacious room sizes and fabulous floor plan, this home offers the perfect opportunity to renovate the space into the home you have always dreamed of.

    140 Ft of private Thornapple River frontage. Nestled in the cove this 4 bedroom 3.5 bath home gives you all the enjoyment of being on the wide open stretch of the Thornapple River ranked top in the area for water sports, yet the location provide tranquility not found anywhere else on the river. With quality fit and finish throughout this masterfully crafted walkout ranch provides vaulted cathedral ceiling featuring beautiful wood beams, parquet floor, solid wood cabinetry, over 700sqft of Trex composite decking, 2 fireplaces, 2 docks, gorgeous river views, multi-zone heating and cooling, updated mechanicals, gorgeous landscaping, main floor master, main floor laundry, a brilliant floor plan with large spacious rooms, ample storage space, 2 wet bars, attached 3 stall garage and more. 

    What is the Best Investment for Americans?

    What is the Best Investment for Americans?

    What is the Best Investment for Americans? | Simplifying The Market

    Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable.

    Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans:

    “What do you believe is the safest investment over the next 10 years?”

    U.S. housing came in at number one, beating out other investments such as gold, stocks, bonds, and savings.

    Here is a graph showing the top five investments Americans selected:What is the Best Investment for Americans? | Simplifying The MarketThe findings of the Porch.com survey also coincide with two previous surveys done earlier this year:

    1. The Federal Reserve Bank’s 2019 Consumer Expectations Housing Survey reported that 65% of Americans believe homeownership is a good financial investment, and that the percentage has increased in each of the last four years.
    2. The Gallup survey showed that Americans have picked real estate as the “best” investment for six straight years.

    Bottom Line

    Based on all three surveys done this year, we can see that Americans still believe in homeownership as a great investment, and that feeling continues to grow.

    Source: Michigan Real Estate Updates

    Is A Bigger House Within Your Budget?

     

    Is A Bigger House Within Your Budget?

    Is A Bigger House Within Your Budget? | Simplifying The Market

    At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?

    You may have enough equity in your current home to move up.

    According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,

    “14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.”

    This means that one in four of the 54 million mortgaged homes in the U.S. have at least 50% equity. If these homeowners decide to sell, they can use their equity to put toward the purchase of a new home. Maybe you’ll be one of them.

    NAR recently released their 2019 Profile of Home Buyers and Sellers showing that,

    “This year, home sellers cited that they sold their homes for a median of $60,000 more than they purchased it, up from $55,500 the year prior. This accounted for a 31 percent price gain, up from 29 percent the year before.”

    Here’s the equity gain breakdown based on the number of years these sellers lived in their homes:Is A Bigger House Within Your Budget? | Simplifying The Market

    Bottom Line

    If you’re one of the many homeowners with big dreams of owning a larger home, let’s get together. Working together finding out how much equity you have is a great first step in putting your move-up plan in motion.


    Source: Michigan Real Estate Updates

    Buyers Are Looking Now. Are You Ready to List Your Home?

     

    Buyers Are Looking Now. Are You Ready to List Your Home?

     

    Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:
    Buyers Are Looking Now. Are You Ready to List Your Home? | Simplifying The MarketWith inventory being one of the biggest housing market challenges today, finding a starter home right now isn’t easy. According to the Q3 Housing Trends Report from the National Association of Homebuilders (NAHB), 68% of those searching for a home think their search will get harder or stay about the same over the next 12 months.

    The same study reveals,

    “In Qtr3’19, buyers actively engaged in the process of buying a home are more likely to have spent at least 3 months searching (58%) than a year earlier (55%).”

     This is certainly no surprise, given the current inventory status. So, what’s the good news? The NAHB continues to say,

    “If still unable to find a home in the next few months, the next step for most long-time searchers is to continue looking for the ‘right’ home in the same preferred location (52%). The next step for 35% is to expand their search area and for 16% is to accept a smaller/older home. Only 15% will give up looking.”

    What does this mean for homeowners?

     If you’re thinking of selling your home, buyer demand is high – and those looking in your neighborhood aren’t planning on giving up anytime soon. The majority of potential buyers who are still searching for their dream home are eager, willing, and ready to buy, so maybe it’s time to list your house and make your move.

    Bottom Line

    With buyer demand as high as it is today, and inventory in the entry and middle-tier markets remaining low, it’s never been a better time to move up. Let’s get together to determine if now is your time to sell.


    Source: Michigan Real Estate Updates

    Planning on Buying a Home? Be Sure You Know Your Options.

     

    Planning on Buying a Home? Be Sure You Know Your Options.

    Planning on Buying a Home? Be Sure You Know Your Options. | Simplifying The Market

    When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building the home of their dreams.

    According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB),

    “The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months.”

    This is great news for homebuyers because it means there is additional inventory coming to the market, giving buyers more choices. The most recent data from NAHB shows,

    “The inventory of new homes for sale was 321,000 in September, representing a 5.5 months’ supply. The median sales price was $299,400. The median price of a new home sale a year earlier was $328,300.”

    Another added bonus is that builders are very aware of buyer demand in this segment, so they’re now building in a price range where there are more interested buyers ($299,400 instead of $328,300). With a reduced sales price and low-interest rates, today’s buyers have strong purchasing power.

    Bottom Line

    If you’re thinking of buying a home, you may want to consider a new build to meet your family’s needs. Let’s get together to discuss the process and review what’s available in our area.


    Source: Michigan Real Estate Updates