Grand Rapids Home Buyer
Grand Rapids Home Buyer
Any home you buy should be the one you fall in love with, it should be everything you are looking for and more. When we find it, your emotions take over and you just have to buy it. Of course we want to get you your Grand Rapids Dream Home, but we don’t want you to over look the very important details. Most of our business comes from referrals, we want your business when it’s time to sell.
A good real estate investment is made when you buy, you’ll cash that investment in when you sell. How much you were educated & informed by your Realtor, will be the difference between a good investment and a GREAT INVESTMENT.
Are you a First Time Buyer or moving up to a larger home? An Experienced Investor interested in Foreclosure Properties? Are you interested in luxury homes, upscale homes and communities or condos? What about a country home with acreage? We also feature information about Grand Rapids Waterfront Properties as well as the West Michigan Lakeshore and Grand Rapids Rentals.
We hope you will make this site your #1 resource for Grand Rapids Michigan Real Estate. You’ll find a wealth of useful information about how to choose the “right” property for you, online loan applications and obtaining financing, making an offer, Interest Rates, moving, and everything involved in purchasing a home.
Buying a Home
Buying a home can be one of the most significant investments in your life. You are most likely investing a large portion of your assets into this venture and not only are you choosing your dwelling place, but the place in which you will bring up your family. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, I’m only a phone call or email away!
Live and Work in Grand Rapids
Grand Rapids has a growing economy, outstanding health care, low cost of living, award-winning schools and many diverse cultural options. These are just a few of the reasons Greater Grand Rapids is attracting professionals from around the globe.
Interest Rates are still relatively low and house prices are reflecting the market, meaning they are low (although we have seen an increase recently). It is still a great time to buy but property is moving quickly.
Couple that with a multitude of outdoor activities including camping, fishing, Lake Michigan beaches and much more and Grand Rapids stands out as one of the best places in the country to live and raise a family.
We can help you get started when searching for that perfect place to live in Grand Rapids. From the many downtown condo choices to that perfect home, call us today or start your Grand Rapids real estate search right now with unlimited access to the Grand Rapids and Lakeshore MLS.
Home Buyer Tips
Grand Rapids Home Buyer Tips
Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, I’m only a phone call or email away!
Tip #1: Benefits of Owning Your Own Home
- The Best Investment
- Income Tax Savings
- Stable Monthly Housing Costs
- Forced Savings
- Freedom and Individuality
- More Space
Tip #2: Important Things To Avoid Before Buying a Home
- Don’t Move Money Around
- The Effect of Changing Jobs
- No Major Purchases of Any Kind
Tip #3: Don’t Buy a Car – or Did You Already Buy One?
- When Income Grows and You Want to Buy “Stuff”
- Debt-to-Income Ratios and Car Payments
- How Buying a Car Reduces Your Purchase Price
Tip #4: The Business Cycle and Buying a Home
- Recession and Expansion
- Supply and Demand
- Should You Try to “Time the Market”?
Tip #5: Comparable Sales and Your Offer Price
- Determining Your Offer Price
- Comparable Sales in the Public Record
- Comparable Sales in the Multiple Listing Service
- Comparable Sales – Pending Transactions
- Other Factors Influencing Your Offer Price
Tip #6: Major Factors Influencing your Offer Price
- How Property Condition Affects Your Offer
- How Home Improvements Affect Your Offer
- How Market Conditions Affect Your Offer
- How Seller Motivation Affects Your Offer
- The Final Decision on Your Offer Price
Tip #7: Offering to Purchase Real Estate- the Basics
- Introduction and Overview
- Contingencies in a Purchase Offer
- Earnest Money Deposit
- The Closing Date
- Transfer of Possession
Tip #8: Writing an Offer – Safeguards Regarding the Property
- Disclosures From the Seller
- Condition of the Property Upon Transfer
- Inspections You Should Require
- Final Walk-Through Inspection
Tip #9: How Financing Details Affect Your Offer
- Down Payment
- Interest Rates
- Closing Costs and Financing Incentives
- Seller Financing
- Cash Offers
- Other Financing Details in Your Offer
Tip #10: How FHA and VA Financing Affects Your Offer
- Extra Costs for the Seller
- VA and FHA Appraisals
Tip #11: Selecting Service Providers
- You and the Seller Must Agree
- Escrow and Settlement
- Title Insurance
- Termite and Pest Inspection
Step by Step to Buying a Home
STEP ONE – OBTAINING FINANCING: Evaluating your purchasing capacity, and determining the right kind of financing package for you is the first step to take. This is a pain-free process! The reason I recommend you do this before we look at homes is that many times I can save you time, and eliminate properties that don’t fit your purchasing parameters. In addition, by going through this pre-qualifying step, you’ll be in a better negotiating posture when we do find the home you are looking for. If you don’t know a lender, we only work with preferred lenders who guarantee their results. We always recommend getting at least 2 opinions.
STEP TWO – SEARCHING FOR HOMES: What is more convenient for you? We can set an appointment to have an informal, relaxed, person-to-person discussion about what it is you’re looking for in a home, or you can search for homes yourself. If you would like to search online from the comfort of your own home, you can take advantage of our FREE MLS Search Tool. This allows you to search for any home listed on the Grand Rapids and the Lakeshore multiple listing service. If you don’t have the time, or would also like to be notified of any New Listings that meet your criteria, you can fill out my Dream Home Finder form and we’ll take care of the rest. This service searches the MLS daily and e-mails you any new listings. We also keep track of homes that could be for sale but are not listed and For Sale By Owners.
STEP THREE – VIEWING HOMES: This is the fun part. We’ll go look at homes which you’ve selected. The home buying process should be fun, like the ultimate shopping trip, and should include everyone in your family if possible.
Because I take the time to listen carefully to your wants and needs in advance, finding the perfect home will not take as long as you might think.
STEP FOUR – MAKING AN OFFER: Once we’ve found the perfect home, we’ll perform a market analysis to determine it’s fair market value and determine market condition to maximize your results. We’ll then write the offer and negotiate the purchase with the seller. Once the offer is accepted, you will be required to leave a Good Faith Deposit. This money is held in an escrow account and will be put towards the purchase price on the day of close.
Inspections are then scheduled. Again, we work with preferred vendors who will be able to represent you thoroughly. For this part of the process, we feel it is very important for you as the buyer, to be present at this time. If we find any material faults, we address accordingly. We can recommend a Home Inspector if you need one. Inspection costs vary based on the square footage but expect to pay ~$250 – $300. Please visit our Local Partners.
STEP FIVE – CLOSING: Before we get to this point, there are many details we ensure are completed before the actual documents are signed. We will go over the final numbers when receive them from the lender before closing to make sure that no mistakes are made. This eliminates any last minute surprises that could effect your piece of mind.
Having a Real Estate Professional represent you exclusively during this time can put you miles ahead of the game and add to your major investment.
Grand Rapids Short Sales
Buying a short sale in Grand Rapids is the same as any other sale with one major exception. TIME. The short sale process, for the most part, can take at least three to four months and sometimes more. If you have the time to wait though, you can potentially find a good deal.
If you would like information on short sales, please contact us as we may have a property that is right for you but not yet on the market.