I am prepared to employ the latest techniques and services for your benefit, just like you've grown to expect from a professional. Real estate transactions are complex, involve large assets and demand competent representation. Marketing properties, home selection and financing are just a few of the skills today's consumer looks for when they select a real estate professional. I am prepared to offer my clients the knowledge and expertise to counsel them in relocating, buying, investing or selling the family home.
"Expect the Best"
Here's some hot real estate news for the Greater Lansing, Michigan Real Estate market on the proposed new Home buyer Tax Credit. According to an article written by Bloomberg the U.S. Senate leaders moved closer to an agreement replacing an expiring $8,000 tax credit for first- time home buyers with a smaller one that would expand access to so-called step-up purchasers.
The Senate deal would reduce the size of the tax credit to 10 percent of the sale’s price, capped at $6500.00. The credit would be available on home purchases that are under contract by April 30, 2010 and borrowers would have 90 days more to close the sale. The existing credit is due to end Nov. 30.
The new agreement, which is still being negotiated and may change, would grant the credit to borrowers who have lived in their current home for at least five years. Lawmakers want to keep home sales from slipping as the economy struggles to recover from the worst drop in home prices since the Great Depression. Economists say a recovery in housing is a key to rebuilding the confidence and finances of American consumers, whose spending makes up 70 percent of the world’s largest economy.
The demand for new homes and condominiums may increase by “more than two times because you’re allowing step-up buyers into the equation,” said Andrew Parmentier, a managing partner at Height Analytics, a research firm in Washington. “ You just opened up a whole new pool of people who can buy into those empty homes and empty condos that were built out.”
The Bloomberg article went on to say:
The income eligibility for first-time home buyers would remain the same at $75,000 for individuals and $150,000 for couples. The income criteria for step-up buyers would be $125,000 for individuals and $250,000 for couples.
This is an opportunity for those sellers who have been sitting on the sidelines in the Greater Lansing real estate market to take advantage of selling their home, and moving up to more space for the growing family. Regardless of values coming down over the past 3 years, sellers who are moving up, should be able to pick up the loss on the new purchase, in addition to a tax credit if qualified. Keep in mind that if you have considered moving, now is the time to plan ahead.
Buying or selling a home in today's real estate market can be complicated without having the proper expertise and guidance throughout the process. Visit MikeBowler.com for additional tips to assist you.
“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
Buyers and Sellers need professional consulting in a challenging real estate market like we have experienced the past few years in Delta Township, Grand Ledge and other greater Lansing areas. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. There are many negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings.
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible. Number one is consulting with a Realtor to obtain all the tools and advice needed to make a smart purchase that will not have disappointing surprises prior to the closing. Attached here you will find four helpful reports on buying a home, which will give you some insight to get started.
Selling a home requires top notch marketing by qualified responsible professionals who understand syndication of properties, search engine optimization, and how to obtain additional exposure using social media, like Blogging, Twitter, and pinging.
In todays real estate market sellers should also expect a complete written report on recent market statistics, that include competiing properties, Solds, and those that did not sell. A Realtor can provide information on market current conditions ike mortgage interest rates, legal issues and year to date information on what is happening in the marketplace. These are key factors in getting your property sold at the best price, a shorter amount of time, and with minimum hassle. Recommend repairs or cosmetic work will enhance the salability of your property. First and lasting impressions will net more money for sellers who have shown pride of ownership in their home with clean, spacious rooms, basements, and garage's.
By precreening, providing a pre-approval for a morgage, and consulting potential purchasers with what's involved to buy a home in advance, a professional real estate agent can help prevent unqualified buyers from putting sellers through the emotional roller coaster of time delays and surprises of unworthy credit. A Realtor can objectively help you resolve these issues and move the transaction to closing
Lastly it's important to have a real estate professional that has a positive attitude, has experienced tough times, knows the market, understands Internet technology, real estate law, has negotiation skills and someone who is not shy about being brutally honest with you about your real estate challenges. You can visit MikeBowler.com for additional ideas on selling your home or search all properties in Delta Township, Grand Ledge, and other greater Lansing, Michigan areas.
"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
Emailto:Mike@MikeBowler.com
Greater Lansing home buyers and sellers can begin to smile as real estate sales continue to perk up over last year and the market begins to bottom out. I would consider a strong 4th quarter coming up to buy or sell real estate in the Greater Lansing area real estate market.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said.
NAR estimates that about 1.8 to 2.0 million first-time buyers will take advantage of the $8,000 tax credit this year, with approximately 350,000 additional sales that would not have taken place without the credit. Buyers have little time to act because they must complete the transaction by November 30 to qualify for the credit. Unless extended, contracts signed but not completed by that date will not be eligible – it is taking approximately two months to complete home sales in the current market.
Buying or selling a home in today’s greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Community information - about services, restaurants, parks, things to do, tourist information, local government and issues, buildings, and development projects, are only a few of the many services you should expect from your Realtor. You can obtain additional information on buying and selling at my website.
“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 Emailto:Mike@MikeBowler.com
Don’t Be Left Behind, Greater Lansing Home Buyers. First time home buyers in the Greater Lansing, Michigan real estate market during 2009 has been around 50 percent. Historically, first-time home buyers account for approximately 35 percent to 40 percent of purchases. This has increased due to the first time home buyer tax credit that expires December 1st. There is strong support from real estate agents for the Government to extend the tax credit for buying a home. I would suggest caution to make sure you are in contract no later than October 15th to meet the deadline, in the event this program is not extended. If you’re not, you’ll probably miss out on the tax credit
Long-term mortgage rates were barely changed this week, remaining historically low, which is helping to sustain a high level of affordability in the home-purchase market, said Frank Nothaft, Freddie Mac vice president and chief economist. Low rates contributed to existing home sales rising for the fourth consecutive month to an annual pace of 5.24 million in July, the most since August 2007, according to the National Association of Realtors.
On a local level you can see by the chart above that the Lansing real estate market has again increased substantially last week compared to last year in both pending and closed sales.
Buying or selling a home in today’s greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Community information – about services, restaurants, parks, things to do, tourist information, local government and issues, buildings, and development projects, are only a few of the many services you should expect from your Realtor, in addition to the availability of financing. You can obtain additional information on buying and selling at my website.
“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
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the past few years in Delta Township, Grand Ledge and other greater Lansing areas. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. There are many negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings.
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