You have decided to purchase a home, or are thinking about buying one, in the Greater Lansing real estate market. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity as a long tern investment, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value. Although real estate values shot up about 89% from 2000-2006, they have declined in excess of 30% in some parts of the country over the past couple of years. My point is this: Real Estate is a long term investment, and is also important for the welfare of the entire economic picture.

The Bureau of Economic Analysis; NAR recently reportedthat the total economic impact of a typical home sale in Michigan created income of $38,512.00 on the median priced home of $118,600.00. That figure contributed to furniture, appliances etc to be purchased, and additional people to be put to work, as originators of mortgages, appraisers, home inspectors, and others. This is the key contributing factor to recovery and has been in other economic downturns.

A home is a financial asset and more: it's a place to live and raise children; it's a plan for the future; it's an investment in your community. FHA provides 100 questions and answers for the homebuyer to consider. These questions will help you sort things out and give you some ideas for preparing for the future. I hope you enjoy.

"Expect the Best" Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com  
Website for Clients: MikeBowler.com
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