October 26, 2007
I was in a department store this past weekend looking for new bed linens and their were Christmas carols reverberating through the aisles of sheets and duvet covers. I’ve come to terms with Christmas starting before Thanksgiving, but now it starts before Halloween? Maybe I’m just alarmed because I’m so Halloween focused right now what with being a Lansing Jaycee who is all about our Haunted House project.
The Christmas music did get me to thinking about what the Lansing real estate market is usually like for buyers during the holiday season. Buyer’s usually don’t want to look for homes in November and December because they feel like the market is cursed after Halloween. They think the inventory of homes is low, that the won’t have enough homes to choose from. I don’t think a lack of selection is going to be a problem this year. Here are some current inventory statistics for homes in the average first-time buyer’s price range, between $100,000 and $150,000.
Lansing: 1,579 homes available
East Lansing: 201
Total for areas covered by the Greater Lansing Association of Realtors: 5260
That is a lot to choose from – Happy House Hunting!
photo by Frankeys Creation
October 9, 2007
Posted by whitefel110 under First-Time Sellers 1 Comment
There is no way to spin it – the Lansing area is experiencing a Buyer’s Market. There are a lot of homes competing for every buyer’s attention. If you need to sell your home it isn’t going to be as easy as slapping a for sale sign in the front yard and sitting back to watch the offers role in. But don’t panic. A fair sale isn’t impossible and you won’t even need the help of St. Joseph.
You just need to embrace the fact that selling a home takes some elbow grease and a willingness to be realistic.
The first thing you’re going to have to be realistic about is the exterior appearance of your home. Don’t pretend that a buyer isn’t going to see the flaking paint, dead grass and cracked driveway. Be realistic about the problems and fix everything you can. (more…)
October 5, 2007
I wasn’t kidding – if you missed out on the dream of living downtown in Printer’s Row you won’t have to wait long for more Lansing urban housing options. Prudden Place is planning to add 48 new units to their existing 72 lofts. Look for Phase 2 at Prudden Place to break ground this winter.
Unfortunately Prudden Place is a rental community, but if you want to buy a downtown Lansing condo check out The Stadium District.
October 4, 2007
Realtor Magazine has a new survey out listing the 9 home features most desired by buyers.
1. Central Air
2. Oversize Garage
3. Walk-in Closet in Master Bedroom
4. Backyard/Play Area
5. Cable/Satellite TV-Ready
6. High-Speed Internet Access
7. Separate Showers in Main Bath
How do your desires stack up?
October 2, 2007
Posted by whitefel110 under Uncategorized Leave a Comment
If you’ve noticed the empty building on the corner of Grand River Ave. and Okemos Rd. don’t worry. Tomie Raines Okemos hasn’t disappeared, we’ve just moved.
You’ll find us now at:
3493 Woods Edge, Suite 100
Okemos, MI 48864
That’s just off Jolly Rd. between Okemos High School and Okemos Rd. Come check out our new digs anytime.
October 2, 2007
You’ve decided to buy a home in the Greater Lansing area. Congratulations! – you read this blog so I know you have all your ducks in a row. So I’ll assume you’ve already found a great Realtor, and you’ve hooked up with a lender who has told you how much you qualify to borrow.
Chances are you qualify for more than you want to spend. If you’re like me you want to know what the bottom line is - you want to know how much the monthly payment would be on the homes you’re interested in buying.
Here is a mortgage calculator that will help you find the bottom line.
October 2, 2007
If you’re new to the blog and not yet aware - I love, love, love homes built in the 1920s.
So, I’m sorry if I go on about them too much, but there are some beauties available right now in the Westside Neighborhood and I wouldn’t feel right if I failed to mention them.
You don’t see homes like these three on the market very often.
Now the homes I’m about to show you are on the higher end of the price range. Most of the homes in the neighborhood are a little smaller and sell in the mid 100s. These three are some of the beauties of the neighborhood and I’m surprised that they’re all available at the same time. Even in a slower buyer’s market I don’t expect them to be available for long. (more…)