Now is the time to buy real estate in Grand Rapids!
August 5, 2010If there was ever a time to buy real estate in Grand Rapids, that time was now!!! Interest rates are all time historical lows…..4-5% for a 30 year fixed. We will probably never see interest rates that low again in the next 50 years.
Real estate prices are again at all time lows. The Grand Rapids real estate board came out early this year and said that we were at 1997 prices. You again will not see that for a LONG time.
Buyers are ready to sell. They have been on the market for a long time and are ready to sell or negotiate. Many of them have been commuting out of the area and others just need to sell.
Now, the good news is that we have hit rock bottom and are on our way back. But, Grand Rapids has it’s own swagger and we are on the comeback trail. With the Michigan State Medical School coming to town, the new Medical Mile, the continued resurgence of the downtown area, the Hollywood movie industry shooting movies in Western Michigan and the new jobs coming into our area. These are all things that we as citizens can be thankful for and look forward to a bright future in Grand rapids for years to come. We are also home to the world’s biggest Art contest…Artprize. ArtPrize is a radically open competition. Open to any artist in the world who can find space. Open to anybody in Grand Rapids, Michigan who wants to create a venue. Open to a vote from anyone who attends.
If you are thinking about buying…selling …or both, this is the time to get involved in real estate. prices are low, money is very cheap and the market is right.