Grand Rapids Real Estate Shines Through Pandemic

Tom Sprich • November 23, 2020
Grand Rapids Real Estate Agent

Can Covid 19 and real estate markets co-exist peacefully? Covid 19 may be permeating most aspects of your life, but rest assured that the housing market in the metro city of Grand Rapids, Mich., is still going strong. Why is this an excellent time to sell or buy real estate in Grand Rapids (even amidst a pandemic)? A refreshing family-friendly culture, housing affordability, and record low interest rates await.

Hi, I'm Tom Sprich. Grand Rapids has been my home for 50+ years. I'm a member of the Grand Rapids Association of Realtors and National Association of Realtors. I know that Covid 19 generally complicates life but, as always, I promise to do my personal best in negotiating the deal you desire. Ask me anything: Covid 19 and real estate create concern. But, in my line of work, I believe that communication with you, the client, is key especially during Covid 19 and real estate worries.

Culture
The unique culture Grand Rapids offers is every buyer's dream. Grand Rapids takes pride in its beautiful scenery, top-notch medical industry, and art scene. After work is through, there's always something to do. You'll appreciate:

  • Frederik Meijer Gardens
  • ArtPrize, the internationally renowned art festival
  • the ice rink at Rosa Park Circle

Affordability
I believe Grand Rapids is the place to settle down, but don't just listen to me. In 2015, the national real estate research firm, Trulia, named Grand Rapids the nation's hottest housing market. Forbes even listed Grand Rapids as the number one best city to raise a family! We excel in categories like:

  • education
  • low crime rates
  • average median income
  • overall cost of living (area)
  • housing affordability

Covid 19 and real estate concerns may make your head spin: Is buying a home during a pandemic viable? Wise? I can help ease your fears. According to EY.com, "Real estate has lower liquidity and less volatility than equity investments." So, Covid 19 and real estate are finding ways to cope alongside each other in these unprecedented times. Suddenly, families are spending more time at home. Americans are asking -- and needing -- a lot from their living spaces:

  • Bonus room may become school rooms overnight
  • Nice-sized backyards offer an extension of the home
  • Extra bedrooms may become impromptu offices

I understand your family's evolving situation, and through Covid 19 and real estate searches, I'm here to help your family find all the potential waiting in a home in our unique, family-friendly city.

Low Interest Rates
Covid 19 and real estate are seeing record-low interest rates. Even another minuscule drop in rates can save you thousands of dollars over your mortgage's life. Remember to speak with a lender so you can lock in a great rate through Covid 19 and real estate rates may dip again

Real estate in Grand Rapids gets more challenging and sophisticated as time passes. While our housing market is strong, there are still many other potential buyers -- just like yourself -- waiting to make offers to purchase. But Covid 19 and real estate seem uneasy together. Crafting an offer and executing its timing is of the essence. That's where I come in. I'm knowledgeable about the Grand Rapids area. Whether buying or selling, it would give me great pleasure to negotiate the best deal for you even through Covid 19 and real estate concerns. 

Grand Rapids Real Estate Agent

Insight Into the 5 House Pricing Strategies Sellers Use

By Tom Sprich • June 15, 2022
When sellers put up a home, there are a lot of factors to consider. However, pricing is very important. Sellers understand that buyers can now research information, and they are now smarter than ever. So, they need to set a reasonable price for their homes. Besides, the initial price differentiates between a painless sale and months of frustration. Here are five common house pricing strategies sellers use. 
Grand Rapids Real Estate Agent

Appraisal Gap: What You Need to Know and How to Deal with It

By Tom Sprich • May 16, 2022
Buying a home is a significant investment, and it can be an exciting process. You have read about how important it is to get pre-approved and pre-qualified to stand out from the competition. However, when the home appraises for less than the agreed-upon price during the home appraisal, you risk losing your home or your money. Here is a guide on appraisal gaps and how to deal with the difference. 
Grand Rapids Real Estate Agent

3 Ways You Can Beat Competition in a Multiple Offer Situation

By Tom Sprich • April 18, 2022
Are you looking to settle in Grand Rapids? Grand Rapids offers a growing economy, low cost of living, excellent health care, diverse cultural options, and award-winning schools. Thus, it was ranked among the top places to live. Given the high demand for homes in Grand Rapids, the real estate market is hot, and sometimes, sellers have multiple offers to consider. So, how do you deal with multiple offer situations as a buyer? 
Grand Rapids Real Estate Agent

How To Tell The Real Estate Market Is Shifting And What It Means

By Tom Sprich • March 16, 2022
If you are trying to buy a home, you are probably keeping tabs on the real estate market trend. The real estate market is constantly shifting, impacting buyers' purchasing decisions. Thus, buyers are always on the lookout for the perfect time when the prices are low to make a purchase. This guide will help you understand the two markets under real estate and how to tell when the market is shifting. 
Grand Rapids Real Estate Agent

How Seasons and Interest Rates Impacts the Real Estate Market

By Tom Sprich • February 16, 2022
Are you planning on buying or selling a home? While the forces of housing demand and supply affect the market, so do seasons. The seasonality of the real estate market will vary according to location since each region has its nuance. Read on to understand how spring impacts the real estate market and why spring is the best time to invest in your dream home.
Grand Rapids Real Estate Agent

5 Tips to Prepare Your Home for the Spring Market

By Tom Sprich • January 17, 2022
As the spring season approaches, it is time to get your home in order if you intend on selling. The real estate market goes up every spring, making it the best time to take advantage of the market and list your property. Preparing your home for listing could seem like a lengthy process for a first-time seller. If you would like your home to stand out among beautiful listed homes for sale in Grand Rapids, follow these tips. 
Grand Rapids Real Estate Agent

Why Now Is the Best Time to Make Your Investment in Grand Rapids Real Estate

By Tom Sprich • December 16, 2021
As the market begins to shift and the interest rates start going up, the best time to make your investment in real estate is now. But where should you invest? - In Grand Rapids. Grand Rapids has become a favorite location for many real estate investors due to the competitive housing market and low cost of living. 
Grand Rapids Real Estate Agent

Should You Move to Grand Rapids?

By Tom Sprich • November 16, 2021
You plan on selling your home and moving to a new location, but you can’t seem to decide the best town to move to yet. How about Grand Rapids? If you have been waiting for the best time to make an investment in real estate, it's time to make your move. The housing market has begun to shift, and the interest rates are expected to go up soon. So, if you would like your home to sell faster, list your property now for the best deals. 
Grand Rapids Real Estate Agent

3 Reasons to Invest in Grand Rapids Real Estate Today

By Tom Sprich • October 18, 2021
Are you on the lookout for real estate investment opportunities? Have you considered investing in Grand Rapids real estate? With an average population of 200,000 people, Grand Rapids is the second-largest city in Michigan State. The city shows more promise than other cities in the state, making it a prime area for investment. It has the following.
Grand Rapids Real Estate Agent

Why Is Interest Rate Important When Buying a House?

By Tom Sprich • September 15, 2021
Buying a house is a dream many people would like to accomplish. However, government policies change with the ever-changing real-estate sector and the dynamics of homeowners. Besides finding a suitable mortgage lender, the next considered factor is the interest rate. After the pandemic, the real-estate sector has been significantly affected, and most finance corporations like banks and commercial lenders have lowered their interest to encourage investments. However, a low-interest rate is like stealing money, and a rate between 6 and 8 is a healthy interest rate. Read more about interest rates below. 
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