The Grand Rapids real estate market is ready for Spring and here is why.

1. The Grand Rapids Real Estate Board is reporting the lowest inventory of homes since 2005.  That is great news for sellers, as they try to sell their home and  buy a new home. As the Grand Rapids real estate market inventory comes down, prices will go up. This not only will help the Grand Rapids real estate market, but will also help help the Grand Rapids economy in general.

2. Interest rates are still very attractive and still near all time lows. This still makes buying a home  in Grand Rapids very affordable.  Remember, for every percentage point that interest rates go up, it is basically like paying an extra 10% for the home you are interested in purchasing.

3. Many Grand Rapids home sellers have been listed for more than a year and sometimes for more than 2 years. They are ready to deal…which makes buying more attractive.

4. With the economy starting to recover, people are starting to feel better about themselves. This then makes buyers and sellers more apt to get out into the Grand Rapids real estate market and get the Grand Rapids home buying or selling process underway.

5. Grand Rapids real estate has been stagnate or in a decline for 4 years plus. To hear that the Grand rapids real estate market is starting to turn around is good news for everyone…..so buyers, get out there and buy. Sellers, get your home priced right, so you can then be one of those Grand Rapids buyers.

6. Springtime is here. The next 5 months are the busiest in Grand Rapids real estate. You want to be priced right if you are a seller and you want to take advantage of the interest rates and great deals if you are a buyer. So contact your Grand rapids real estate agent and start to make it happen.