If you’ve been paying attention to the market, you know that there’s a severe shortage of homes for sale in the Grand Rapids area. In fact, we haven’t seen inventory this low in some time. If you’ve been thinking of selling, but you think you don’t have enough equity in your house because you just bought it a few years ago. Well, you might be surprised how much your home is actually worth now.
Home prices have continued to appreciate in many areas as much as 20%. In Kent County in 2018, the average single-family home was $211,000. Now, in 2021, it is $272,000. If you purchased just a few years ago, this gives you the opportunity to cash in on your home’s equity, so you can move up to that house that fits your needs now.
Buyers are out there, and their biggest complaint is the lack of homes on the market. The result? Buyers are competing over homes they love, and sellers are benefiting from multiple offers, which drives up the sales price. Higher sales prices aren’t the only benefit of today’s selling market. Homes are also selling quickly as buyers snap up properties they love. They are even offering longer possession times to the seller to give them time to purchase a new home.
If you’re wondering if it’s a good time to move up, let us help. There’s no pressure to list. There’s no obligation to hire A&J Realty Partners. Just honest answers about moving up in this market. And remember, A&J Realty Partners is here to help you fulfill your dreams, no matter the size!
We're April and Jean and we love helping people get into a home that fits their lifestyle. We call it "Right-Sizing", whether that is moving up to a bigger home or downsizing into something smaller. Let us know how we can help you make your real estate dreams come true.
2850 44th Street SE
Grand Rapids, MI 49512
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