There are many properties currently available for sale in Grand Rapids, Michigan. Whether you are an investor, a first time buyer, or are looking to move to a new home, you can benefit from finding a great deal when you buy a house in the Grand Rapids area.
So where do you start? First, you need to understand that there are many ways to find homes for sale in Grand Rapids, and you can find good deals many different ways also. There are foreclosures, short sales, auctions, probate sales, bankruptcy sales, motivated sellers due to divorce or job loss, and many different other situations. All of these can lead to a great opportunity to buy a house in Grand Rapids below market value. There are several ways to go about finding these types of properties.
One of the most basic ways is to work with a real estate agent that can search out foreclosures for you. There is a lot of competition when a hot property becomes available, so you will want to be ready to move fast. Another way you can find properties is by marketing directly to distressed seller. Upcoming foreclosures become public record, and you can use that list to contact the property owner. My company does this on a weekly basis, and we turn up many great property deals.
For sale by owners are also a way to potentially find a great house to buy in Grand Rapids. This can be a time consuming process, but the payoff can be huge when you find the right motivated seller. Just remember during your property search to pay attention to the numbers. Your goal is to get a great price so you will have a good amount of equity in the home. Whether you are a 1st time buyer, or an investor, this equity is what will make you money in the future.
There are also services that search for properties in Grand Rapids that can be purchased below market value. Sign up to for a free Grand Rapids property update to see these houses before they even get listed. This is a great way to get the best prices without taking all your time searching for properties.
Now is a good time to buy a house in the Grand Rapids area, don’t wait until prices go back up!
Source: Justin Razmus