Newer Belding Home For Sale. 4-5 Bedrooms, Built in 2007, Pole Barn, Attached 2 Stall Garage, Over 2300 Square feet of Living Space. For more information of for a private viewing call Lloyd Reed at 616-889-7662 or 616-217-4166 x 1004.
I’m sorry I can’t sell your home, only you can sell your home. What is your agents real job?
Almost every time that I speak with a seller and tell him that he is not hiring me to sell his home he looks as me with a dumbfounded look. I then explain that I cannot sign the purchase agreement on his behalf, I cannot make him accept a particular price, I cannot decide if he should agree to include the range, refrigerator, etc. Generally his next questions it “Well then what am I hiring you for?” and this is a very good question and one you should be asking yourself if you are considering hiring a real estate agent to help you sell your home.
I believe a real estate listing agents job really boils down to three parts…marketing the home to the public, giving the seller the best possible information so that he can make the most well-informed decision, and managing the transaction through to close once there is an accepted offer. So lets dig into these three parts a little bit.
I believe my first job is to market the home to as many people as possible in the shortest amount of time to generate the most number of views online, inquiries by phone, calls to the real estate hotline, etc. which will hopefully lead to a good amount of buyers who want to view the home which will hopefully lead to offers to purchase. I know this simplifies everything a lot but I do believe this is one of the most important reasons a seller should hire a real estate agent. If you think about it, my job is to market the home in every way possible to show a seller that is he doesn’t have an acceptable offer on his home, there are really only two reasons why. Either the home is in poor condition or more than likely, the home is priced too high.
My second job is to make sure the seller has all of the necessary information to make the most well-informed decision for his family. Not only does this include showing comparable sales in the area and the current competition but it also includes educating the seller on different loan types, interpreting a particular buyer’s preapproval letter, interpreting any clauses added to a purchase agreement by a buyer, providing an estimated seller expense sheet, and interpreting any title issues, local zoning issues and more.
My third job is to manage the transaction through to close once there is an accepted offer. Contrary to popular belief, we don’t just get a signed contract, hand it off to the lender and wait for a closing. Some of the things we do include ordering title work and making sure that title work is done properly, setting up inspection times and dates, helping lenders get the necessary paperwork from a buyer, ordering sidewalk inspection in the city of Grand Rapids, setting up appraisals, setting up well and septic inspections, dealing with any issues that might arise with the buyers financing and inspections, setting up closing dates, helping buyers arrange home owners insurances and moving services and the list goes on.
So, in summary, I can’t sell your house but I can generate interest in your home from potential buyers, I can give you good information to help you feel good about your decisions and I can help make the entire process a whole lot easier. After all isn’t all you really want is a listing agent who can help you get the most money, in the shortest time possible with the fewest hassles?
About The Author:
Lloyd Reed has been a licensed Real Estate Agent in the Grand Rapids and West Michigan areas for 10+ years and loves to work with HUD home buyers. He is the broker and owner of Home Run Real Estate and the primary broker for both the Inner City Christian Federation and Habitat For Humanity Of Kent County. Lloyd, along with his team of top real estate consultants specializes in helping first time home buyers, HUD home buyers, motivated home sellers and real estate investors accomplish their real estate goals. His team consistently ranks in the top 10% of all real estate agents nationwide in both real estate sales and real estate transactions. For more information on Lloyd Reed and Home Run Real Estate’s All Star Services you can visit www.HomeRun-GR.com or call 616-217-4166. Home Run Real Estate is located at 5500 Northland Dr. NE Suite A, Grand Rapids, Mi 49525.
What are home prices really going to do in the next 5 years?
Every day I turn on the television and hear one so-called real estate economist expert say home prices are going to go up for this reason or that reason and another saying they are going to go down for this reason and that reason. these guys are literally on the same channel most likely on the same program and have the same data. This just proves a point: No one knows what home prices are going to do in the near term. So what could cause home prices to go down and what could cause home prices to go up? Let’s see.
If home prices go down it could be caused by several factors. There could be more job loss. Interest rates could increase causing homebuyers to have to pay the same amount of money for a lower priced home. Banks could yet again increase minimum credit scores required or minimum down payments required to get a home loan meaning many people who could get a home today may not be able to in the future. More and more homeowners could choose to walk away from their homes and allow them to go into foreclosure causing neighborhood values to drop even more. More and more people could just choose to be renters rather than becoming homebuyers meaning there are less buyers competing for the homes that are for sale. Now let’s look at what could cause home values to increase.
On the flip side home price increases could also occur for many reasons. A current company could announce that it is adding several hundred or thousand new jobs. A company could come in to an area an announce it is going to open a new factory, service center or ??? again resulting in adding several hundred or thousand new jobs. Interest rates could go down meaning the person that is approved for $100,000 today may be able to be approved for $120,000 when rates drop. Banks could decrease the minimum credit scores or downpayments required to get a mortgage. The government could announce another home buyer tax credit that could jolt many would be home buyers off the fence. And I am sure there are many more reasons why home values could drop and rise.
So the answer to the question posed int he title of this article, what are home prices really going to do in the next 5 years, is no one really knows and only time will tell. If I could answer that question I certainly would not need to sell real estate for a living. And, if anyone out there tells you they know what is going to happen, run because it is impossible to know.
My two cents are worth, well, 2 cents. I believe that home values cannot increase much until we generate more jobs. Lets’s face it, if you don’t have a job, you can’t get approved for a mortgage. If you don’t have a job, even if you do have a significant amount of money stashed away, you probably do not want to gamble it on a home at this time. Jobs, jobs, jobs. That is what everyone needs to be concentrating on, not consumer confidence, not interest rates, not government subsidies. So there you have it, my 2 cents. Thanks for visiting.
Lloyd Reed
Broker / Owner
Home Run Real Estate
616-217-4166
1027 Pine Ave. NW Grand Rapids Just Listed! Wonderful 5 Bedroom Home Priced To Sell
Priced at $70,000, you absolutely must see the virtual tour. This large 2 story home has been lovingly cared for and updated nicely over the past 13 years by the current owners. You will notice this home has a ton of character and features over 1670 square feet of living space with 5 bedrooms and 1.5 baths. You will love the large doorways, the formal dining room, the large living room and the country kitchen all featuring lots of natural light. You will find newer windows, newer central air, newer high efficiency furnace, 1 year old roof and a large 2 stall detached garage. You will also love the large front porch to sit and watch the world go by and the nice back deck for visiting with friends and family. Priced to sell with fast possession, if you are looking for a home with great bones that needs very minimal work this home is a must see. To see a virtual tour of this fine home visit Home Run Real Estate’s Website and click on the “Recent Listings’ button at the top. For more information or a private viewing call Lloyd Reed at 616-889-7662.
Where do you find school statistics, community information and nearby businesses for homes you are considering purchasing?
We have recently added more features to our website www.HomeRunGr.com to bring even more value to Home Run Real Estate’s past, current and future clients. You can now view school statistics, community information, some crime statistics although we would still recommend that you consult the local police department for more information, and local business establishments. Some of these reports are very interesting. For instance, you can see how the school rates compared to others in the area of technology. It is called a Technology Measure. You can also see what percentage of students are college bound and the discretionary dollars per student which typically includes costs for textbooks, supplies and equipment and excludes teachers salaries.
We have found that schools, community and local business climate all play a much larger role in the home purchase decisions now that home buyers have so many more affordable choices. To check out this cool new tool just click here.
We would love to hear your feed back on this information and what other information you would like to see on our website. As always, we are here to serve.
Just Listed 828 Logan SE – Completely Rehabbed by the Inner City Christian Federation
Wonderful ICCF rehabilitated 4 bedroom, 1.5 bath home featuring beautiful hardwood floors in the living room and formal dining room, brand new kitchen with lots of cupboards, brand new flooring, newer windows, high efficiency furnace, maintenance free vinyl exterior, new driveway and a large 1+ stall garage. Priced at $60,000, you just can’t go wrong! This home was renovated using HOME FUNDS so buyers must not exceed maximum income limits based on family size and must be owner occupants. Just like a new home, but better. Call Lloyd at 616-889-7662 for more information.
Wow, How Nice It Is!
