Tuesday, July 27, 2021 / by Kevin Irwin
You could leave a lot of money on the table if you wait to buy.
For today’s message, I want to address the elephant in the room.
People give me a lot of reasons why they don’t want to sell and buy a house (or just buy a house) in today’s market. Either they’re waiting for a crash, they’re waiting for prices to come down, they think the market is too hot, they don’t want to be in a bidding war, etc. Let’s face it: You might be in a house that’s just too small, and although you know you’ll get a ton of money for it, you’ll also have to pay a lot for the house you want to buy.
However, if you plan on waiting for a year or two to buy in the hope that prices will come down so you can get a cheaper house, you may be leaving a lot of money on the table. Many economists predict that prices will appreciate for the next five years at a minimum. As you can see in the chart at 1:47 in the video, if you buy a $35 ...
Thursday, March 11, 2021 / by Kevin Irwin
Here’s the scoop on our West Michigan market as we push into spring.
By now you’ve probably heard a lot of buzz about the West Michigan real estate market. We Realtors have few other words to describe it besides ‘crazy.’ What does our red-hot market really mean for buyers and sellers, though? Today I’ll be diving deeper into some statistics to give you a clearer picture. Inventory is insanely low at the moment, so buying a home is a challenge. That said, I want to share some data that proves home prices are right where they should be, historically speaking.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to skip to topics that interest you most:
1:10 — Explaining the multiple-offer madness through the lens of my own recent home sale
3:12 — When the Cedar Springs market ignites, you know things have ...