home buying: Magnolia Sprinkles...Springtime Brings Increased Activity to the West Michigan Housing Market - 03/27/12 01:01 AM

Spring has arrived early in West Michigan in more ways than one.  The Grand Rapids Association of REALTORS® released its' February 2012 Statistical Report which indicates that based on PENDING SALES, there is only 4.5 months of Housing Inventory available.  
Well, here's a Short Primer about Inventory Levels and how the Supply & Demand Curve impact your position as a Home Seller or Buyer.
 
BALANCED MARKET
A Balanced Real Estate Market (aka as a Transitional Market) refers to a market which has approximately 5-7 months of home inventory supply available.  You will often hear agents reference 6 months … (12 comments)

home buying: Royal Treatment...Are Your Clients Getting What they Think They Deserve? - 09/13/09 12:24 PM
It seems that every year, a new study comes out which highlights WHY real estate commissions should be lower.  This one was written by academic researchers from Stanford University. The conclusions were: 
"the typical commission paid for the average real estate transaction does not impact the initial price offering for a home or the sale price.  However, the home does tend to sell more quickly.  In the estimation of the researchers, the average Commission of $34,000 (6% was the number quoted) on the average home they researched was too steep a price to pay for the efficiency gained in time."
In a related … (45 comments)

home buying: 6 Great Reasons Why "JOE THE PLUMBER" Should Consider Buying His New Home Today! - 10/21/08 08:43 AM
Unless you've been under a rock, you have heard about the furor over 'Joe the Plumber.' (Actually I understand that his full name is actually Samuel Joseph Wurzelbacher.)  But at a time when 'Joe Six Pack' and the 'Bridge to Nowhere' have captured the national spotlight,  it's no surprise that our attention has been riveted by the the question'Joe the Plumber' asked Presidential hopeful Senator Barak Obama during a routine campaign stop in Columbus, Ohio. 
"How Will Your Tax Plan Affect My Plan to Become A Small Business Owner?" (my paraphrased version)
Joe concern centered around his perception that his personal tax rate might be adversely impacted by … (27 comments)

home buying: A Tale of Two Ladies, Two Homes & A Closing... - 06/03/08 06:02 AM
One never knows how a transaction will turn out.  Nor are we ever fully cognizant of the manner in which our lives and experiences will intersect. What happened this past week is a testimony to the mysterious workings of life that have a way of binding us together.
A couple of years ago, Ed Vogt, a real estate agent with Audu Real Estate started working with a new home buyer.  The process would be intermittent, interrupted by life from time to time, but Faye the home buyer and Ed continued forward with dodged determination and goodwill. 
As the Broker, I was not intimately … (20 comments)

home buying: Repo Parades & Other Signs of the Times... - 01/30/08 02:27 PM
 
As the Spring market prepares to heat up, the real estate community will begin a familiar ritual of preparing the latest new offerings for sale to make their debut to the market. The Parade of Homes is one of the most well attended Open House Events for new homes in the Grand Rapids, Michigan area.  It's a coming out, not unlike a debutante's ball. Prospective buyers, lookers and the simply curious buy tickets and tour maps to see the insides of Grand Rapids latest new home offerings.
Builders work diligently to make sure that deadlines are met.  Stagers dress the interior with stylish sophistication … (17 comments)

 
Lola Audu, Audu Real Estate~Grand Rapids, MI ~Welcome Home! (Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate)

Lola Audu

Audu Real Estate~Grand Rapids, MI ~Welcome Home!

Grand Rapids, MI

More about me…

Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate

Address: 3659 Alpine NW, Suite 102, Grand Rapids, MI, 49321

Office: (616) 791-0511

Fax: (616) 791-0535

Grand Rapids, Michigan real estate information including houses for sale, rent and home buyer/seller tips. Also includes wisdom and insights from Lola Audu, CRS Associate Broker.

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