OPEN HOUSE

SATURDAY, MAY 26  12PM-2PM

4735 MILLHAVEN AVE., KENTWOOD 

$102,900

Here is an opportunity to own a home in a nice neighborhood in the Kelloggsville School District. The home features cathedral ceilings, central air, 3 bedrooms on the main floor, along with 1+ baths. The master bedroom provides sliders onto a two tiered deck. The kitchen has laminate flooring, oak cabinets and an eating area. Two finished family/rec room areas in the basement provide a lot of additional space to enjoy. Entertaining is no problem here. The tiered deck looks out upon a spacious nicely landscaped backyard that is great for spending time with family and friends. If you need even more room, there is a park just a few minutes walk from home. So, add this one to your TO SEE list. This home could be the one.

It seems like every day there is an article about rising home values, and the recovery of the housing market.  This is great news if you are a homeowner that is considering selling, but as a buyer that is not necessarily the case.  

Currently low interest rates and great prices on homes make now the ideal time to purchase a home.  As home values increase, so do home prices.  So, waiting just allows further housing recovery and higher prices for home buyers, as well as the risk that interest rates could rise costing you even more on top of that higher price.  So, the decision to make a purchase now, or wait is pretty obvious.  You wouldn’t wait for a stock to reach its peak before you decided purchase it.  The goal is to buy when it is lower so that you reap the rewards of its increasing value.

As a current homeowner, you have a decision to make as well.  The values of homes are on the rise…great!  Now, what does that mean for you?  Well, the obvious result is that you potentially can get more money for your home.  Great!  However, once your home sells, you become that buyer that I mentioned earlier.  So, now that you have waited to get more for your home, you have also waited long enough for that home that you want to purchase to increase in value as well.  So, you sold your home for more, but now you are paying more for your next home.  So, homeowners really have a decision to make in today’s market if they plan to purchase a new home.  Solution…sell while the market is active.

Homes are currently selling well and selling quickly when priced appropriately.  So, by pricing your home at a value that it would appraise at; you will find that you will still be able to get your home sold and get yourself into a new home at a good price.  Waiting just allows further time for the interest rates to increase, home prices to increase, and further competition to join the market when you attempt to sell your home. 

So, whether you are looking to buy a new home or sell your current home, now is the time to take advantage of the market.  Buyers and sellers both benefit from the currently low interest rates, and waiting for home values to increase further means higher prices for the buyer and potentially the same for homeowners looking to sell and purchase a new home.  The only ones that potentially benefit from waiting are those looking to sell with no intention of purchasing another home.  Otherwise, now is the time!   The market won’t wait, so you shouldn’t either.

 MAY 25th, 2012

FHA    3.625 %  

( 3.5% down, can be Gifted ) 

FHA 203K    4.250 %

VA    3.750 %  

RD    3.750 %    ( ZERO down )   

RD    3.875 %

  CONFORMING 30 YR     3.750 %   

 CONFORMING 15 YR    3.000 % 

( minimum 3%-5% down, both 30 & 15 yr )

LOUISE KREUN

Vice President

 MORTGAGE LENDER

Direct: (616) 836-6853

Office: (616) 494-3150

Fax: (616) 392-6448

lkreun@mercbank.com