Thinking about selling?
Lansing Michigan Real Estate for Lansing Homes and other Real Estate Searches. 1400 REALTOR Members in the Greater Lansing Michigan area.Thinking about selling?
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Thinking About Selling?
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There has been a wealth of stories in the news media about present home-buying conditions, and with today's low interest rates, it is an excellent time to buy. "But what consumers may overlook is that it's also a good time to sell," according to David S. Ledebuhr, CCIM, CRS, GRI, former President of the Greater Lansing Association of REALTORS®. "While conditions vary from one area to another, and even between neighborhoods within cities, the combination of mortgage interest rates, home prices, and family income is the best we've seen since the mid-1970s," Ledebuhr says. Excellent affordability conditions have brought many first-time homebuyers into the market. "Trade up Buyers can now benefit from this healthy market," he explains. With both first-time buyers and repeat homebuyers in the market, potential Sellers who have been on the sidelines may wish to take advantage of favorable market conditions. Most families with children purchase homes during the spring and summer months with school-year calendars a factor in the timing of their purchase. "As an example, many potential Buyers hesitated to buy a home during the Persian Gulf War and uncertain economic climate," Ledebuhr adds. "Now, confidence in the market has improved." To be successful, Sellers must price their homes competitively. Unrealistic expectations waste time, since most Buyers shop carefully and often look at many homes before they are willing to make an offer. "It's important to consult a real estate professional to get a comparative market analysis," Ledebuhr advises. "This will show you recent selling prices of comparable homes in terms of size, style, neighborhood, and amenities. In addition to realistic pricing, an objective professional, a REALTORS® who is a member of the Greater Lansing Association of REALTORS® and subscribes to a strict Code of Ethics, can show you what improvements or repairs may be necessary to help your home sell faster and at the best possible price, he adds. One simple piece of advice to consider before putting your home up for sale is to clean out closets and remove clutter. You'll want to give your home a spacious feel; and since you'll have to go through all your possessions when you move, this will get you started on the process! The Greater Lansing Association of REALTORS® is one of more than 1,800 local boards and associations of REALTORS® nationwide that comprise the National Association of REALTORS®. As the nation's largest trade association, NAR is "The Voice for Real Estate," representing nearly 750,000 members involved in all aspects of the real estate industry.
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