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Home Sellers: When Should You Reduce Your Listing Price?

Key Takeaways

  • Even in a seller’s market, you may still need to reduce your price
  • Consider if you’ve tried everything else before a price reduction
  • Make sure to seek the advice of your trusted realtor–we’ve seen it all before!

Even in a competitive seller’s market like the one we’re in right now, listing your home for the right price is key. Don’t count on a bidding war happening to get the price you want! Let’s take a look at what you should do before listing your home, indicators that your home is priced too high, and the strategies you can use to make the price right. Continue reading

Oil and Gas Prices on the Rise: How It Changes Real Estate

Key Takeaways:

  1. Oil and gas prices are the highest in United States history!
  2. Individuals and families are shifting how they think about housing, from suburban versus urban to downsizing or going multigenerational.
  3. It’s critical to work with an agent who understands the right fit for you and your family.

Record-high oil and gas prices are changing home buying and selling

It’s difficult to escape the news: gas prices are surging across the nation, with the increase averaging $1 per gallon. With costs at historical highs, the ripple effect changes how we think about everything. That includes the largest line item on any household’s budget: their home. How will this new reality change how people buy and sell real estate? Let’s take a look at some of the main considerations. Continue reading

Top 3 First-Time Home Seller Questions & Answers

Key Takeaways

  • First-time home-sellers need an accurate value before listing.
  • Sellers need to make smart choices on repairs and staging.
  • Offers are evaluated on multiple factors, not just price.

The three most common questions first-time sellers ask our real estate team.

It’s common to be overwhelmed by the number of questions you inevitably run into when you’re selling your home. Does the doorbell work? Are the exterior colors suitable for today’s market? Am I getting what my home is worth? From marketing the house to negotiating a fair market price and making repairs, here are some of the most common questions sellers ask us and some helpful strategies you can utilize when selling your home.

Question 1: How do I know what my home is worth?

Image of a wooden home and a stack of cash representing home value.

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How Will Inflation Affect the Housing Market?

Key Takeaways:

  • The historic low housing inventory creates value opportunities in competitive housing markets.
  • Anticipation of new home listings to hit a 10-year high as some owners see right now as the best time to sell.
  • Condo and rental demand are likely to surge as inventory supply chain issues impact the housing market.

This Year Will Bring Balance to the Housing Market

After two consecutive years in which words like “unprecedented,” “historic,” and “white-hot” have been buzzing about, we can now add “inflation” to the list.

What is inflation, and how will it affect the real estate market in 2022?

Real estate is not immune from the inflationary effects of declining purchasing power on an economy. When prices go up, so do the costs associated with real estate. In a nutshell, that’s how inflation works; like a rising tide lifts all boats, so does inflation with rising costs. However, there are always reasons to be genuinely confident in real estate’s proven ability to hedge against inflation and be profitable.

Here are three particulars and tips to help you navigate these inflationary waters and better prepare you to make your move when you decide it’s time to do so.

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From Boomers to Zoomers: Home-Buying Tips for Every Generation

Key Takeaways:

  • Buyers throughout all walks of life are wondering how to navigate today’s competitive housing market.
  • Whether you’re a Gen Z first-time buyer or a Baby Boomer looking to downsize, you should consider making a move to lock in your real estate goals.
  • Have questions about buying or selling? Contact us for personalized advice!  734-761-3060 or info@bouma.com

What Every Generation Should Know About Buying a Home

As older members of Gen Z reach home-buying age and Millennials make up the largest share of the housing market, buyers from every generation are wondering if now is the right time to make a move. Buying a home at any stage in life comes with its own unique challenges, so it’s crucial to consider your future and factor finances into your decision.

Looking for advice? We’re here to offer some savvy real estate tips for every generation, from Gen Z to Baby Boomers. Continue reading

Buying or Selling in 2022? Look for an Agent with These 10 Qualities

Key Takeaways:

  • In today’s hot market, it’s more important than ever to choose the right agent to help you buy or sell a home.
  • Real estate agents don’t just offer local expertise—their insider knowledge and marketing prowess come in handy, too.
  • Thinking about making a move in the new year? Contact us to start planning now!

Here Are the Top 10 Qualities Every Successful Real Estate Agent Should Have

Did you know that 75% of buyers and sellers work with the first agent they meet? It’s true—but that doesn’t mean it’s the best decision. If you want to come out on top in today’s competitive market, experts often recommend interviewing a few candidates before settling on the right real estate professional for the job. And if you’re not sure where to start, we’ve outlined 10 qualities of a highly successful agent.

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3 Reasons All Buyers and Sellers Should Use Listing Alerts

Key takeaways:

  • Listing alerts send new home and condo listings straight to your inbox as soon as they hit the MLS, and they’re the easiest way to keep up with the competitive market.
  • Listing alerts aren’t just useful for buyers—they can also help sellers stay up-to-date on other current and sold properties in their neighborhood or complex.
  • Signing up for listing alerts only takes a minute, and you can always contact us to schedule a tour if you see a property you love!

Why Every Buyer and Seller Should Sign Up for Listing Alerts

Today’s real estate market is more fast-paced than ever—in fact, it’s not uncommon for a place to sell above asking price not long after it’s listed. So if you’re serious about buying, you need a to-the-minute resource to help you stay ahead of the competition.

This is where listing alerts come in handy. Just use our fully customizable filters to narrow down your search, and you’ll receive an email right when a condo or house matching your criteria hits the market. And if you’re thinking about selling, you can also use listing alerts to scope out the competition in your area.

Want to learn even more about the benefits of signing up for listing alerts? Here are three additional perks that every buyer and seller should know about. Continue reading

What to Expect in the 2022 Real Estate Market

Key Takeaways:

  • Many of the dynamics seen in 2021 will carry through into next year’s housing market, but at a much less frenzied pace.
  • As remote work becomes a more permanent, widespread option, Millennials are taking advantage and entering the real estate market.
  • We’re ready for another seller’s market. Like last year, there isn’t time to waste—contact us to start planning now!

What Buyers and Sellers Need to Know About the 2022 Housing Market

In the final few weeks of 2021, both home buyers and sellers look forward to what lies ahead in 2022. We can help build your strategy to stay competitive! Don’t wait for the real estate market to heat up during the spring and summer. Here’s what you need to know to get ahead of the competition next year.

First-time home buyers can overcome the challenging market

First time home buyers celebrating

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3845 Arcadia Dr. Immaculate 2-Story Home in Kirtland Hills SOLD!

3845 Arcadia Dr, Ann Arbor, MI 48108

SOLD! With recessed lighting and wood flooring, this spacious floorplan feels fresh and inviting! Featuring:

  • 4 bedrooms, 2.5 baths, 2 car garage
  • 2,228 sqft
  • Gourmet eat-in kitchen with granite counters and large pantry
  • Bright family room with cozy fireplace
  • Large Trex deck overlooks tree-lined backyard
  • Huge primary bedroom has walk-in closet and ensuite bath with soaking tub
  • Convenient upstairs laundry
  • Full basement with egress window
  • Heated and insulated garage
  • Pittsfield Township taxes
  • Ann Arbor School District
  • Take a virtual 3D tour!

To schedule a private showing or learn more about 3845 Arcadia Dr, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

49321 Wear Rd. Updated Ranch with Open Floor Plan on Over 3 Acres!

49321 Wear Rd, Belleville, MI 48111

Just Listed! From the convenient circular driveway to spacious and flowing interior with new flooring – this home is designed for entertaining and hosting friends and family. Featuring:

  • 4 bedrooms, 2.5 baths, 2 car garage
  • 2,548 sqft
  • 3.26 acres
  • Eat-in chef’s kitchen with large center island, granite counters, stylish backsplash and white shaker cabinetry
  • Cozy wood fireplace in living room that opens to kitchen
  • Large, bright and open sunroom
  • Large deck overlooking fenced backyard and woods beyond
  • Spacious primary suite with 2 closets and ensuite bathroom
  • New luxury laminate flooring through hall and primary bedroom
  • Easy walking distance to Sherwood Park with trails, pond and beach
  • Take a virtual 3D tour!

To schedule a private showing or learn more about 49321 Wear Rd, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!