Channel Rental Home

I get a lot of traffic to my Denver page because I out rank everyone in the search engines.
I was looking at some of that data for the past month and thought it would be fun to see who is looking to move to Denver. The chart above is for search for houses for rent […]

Now that summer is around the corner and school is just about out, it is time to get out and start looking for your new home for sale in Grandville, MI  How many homes are available for sale in Grandville? Right now there are 256 homes for sale to choose from in the Grandville School District.  How many 3 bedroom homes on the market in Grandville?  127 homes in Grandville are 3 bedrooms.  What if you are looking for a 4 bedroom Grandville home for sale? You have only 81 4 bedroom Grandville Homes to choose from. If you are shopping price in Grandville between $100,000 and $150,000 there are 69 homes.  Almost the same for between $150,000 and $200,000, you have 61 homes to choose from.  You can easily search these Grandville Homes and the Grandville MLS at my website. www.DreamHomeDozeman.com

This advice is informational only provided by http://www.DreamHomeDozeman.com/  Ethan Dozeman 616-301-6766 or 1-866-393-0366

Once you have found 10 properties take a qualified person, whether it is your Realtor, or a relative who is a contractor, or if you can pay a home inspector to look at the homes with you.  The first step really is to go through the homes with your Realtor, because you should narrow it down to 3 homes to make offers on. Before making an offer you need an exit strategy.  Are you going to fix up the home to rent it out?  Would you like to try to resell the home?  I can suggest right now in this market renting is a good choice.  There are some investors who are wholesaleing.  We are talking like buying it for $35,000 and turning it for $55,000 without doing very much to the Grand Rapids house.  It is still a great value to the end buyer because the house in Grand Rapids might be worth $90,000 fixed up.  Those can be good sources for homes at good deals as well.  Once you have it narrowed down to your top three Grand Rapids Homes be prepared to make offers and see what bank is willing to work with you the most.  You have to be very decisive and ready to move immediately.  While you are contemplating if you want to make an offer, your grand rapids foreclosure deal might be picked up by another buyer who is in the market for great foreclosure deals as well.  Once you have a feel for the area you want your home, then one strategy is look at everything for sale in a particular area to understand what the real estate market is doing. 

This advice is informational only provided by http://www.DreamHomeDozeman.com/  Ethan Dozeman 616-301-6766 or 1-866-393-0366

Would you like a real life story?  I am sure you would.  I had a buyer who bought a home on Merrifield in the Alger Heights neighborhood of Grand Rapids, MI. It had been listed for a few months and I was tracking the home for my buyer. When it got down to $65,000 my buyer pulled the trigger and offerd $57,000.  So much less you ask? How did you come up with that fo an offer? First the assesed value was $57,200. The house was bank owned and had been for sale for over 3 months.  When you are not emotionally attached to the outcome you are in the best situation to negotiate as a buyer.  After going through the home with a licensed contractor for estimates on what it would be to fix up the home to my buyers standards he reevaluated and accepted the sellers counter of $62,000. Once they closed they went to work on the repairs. Immediately my buyer put the home up for rent.  A four bedroom 1.5 bath home in Alger Heights goes for around $900-$1000 per month.  After 2 weeks with just a sign in the yard he found a renter for $950 per month that was willing to wait until the repairs where all done.  The repairs took 6 weeks. I will list everything my buyer did to the house not neccessarily in order. It was a total of $19,000 in repairs.  You might have sticker shock at the redo, but let me tell you what was done. First was a tear off and new roof on the house and 1 stall garage, then all the walls where painted, but first the walls where patched. One thing that was not planned was all the water pipes needed to be replaced as it had been vacant for 2 winters, and the first winter my buyer found out later, it wasn’t properly winterized. The home had new windows on the main floor but he had to put in 7 windows upstairs so it wouldn’t need any exerior window work.  The main floor and upstairs floor was refinished with 3 coats of polyurethane.  They had to build a wall to make the egress window that was already in the basement into a 4th bedroom, so new carpet in the finished half of the basement.  The basement windows got glass block and the walls and floor where painted white and grey respectively. So what do you do with a bank owned foreclosure when you are done fixing it up and renting it out? My buyers positive cashflow is $150 per month and a solid home that will perform well for years to come. 

This advice is informational only provided by http://www.DreamHomeDozeman.com/  Ethan Dozeman 616-301-6766 or 1-866-393-0366