Attention ALL First Time Home Buyers
Over the past 2-3 years, all too many have experienced that purchasing their first home has been unattainable given the heavy competition from 20, 30, and even 40+ offers on the same house. Thankfully, for these buyers who have been locked out of the housing market because they have not been able to compete with large down payments, generous appraisal gap guarantees and cash offers, the local West Michigan housing market is FINALLY showing signs of changing. Our local housing market is becoming much more friendly toward buyers and the change seems to be strong, unpredicted and faster than anyone would have thought.
In the past week, we have had some of our customers in the $200,000 to $400,000 price range get offers accepted on desirable homes in high demand areas that most would think would have been bid way up in the recent months and recent years. These offers in the past week included:
$3,900 below list price, no other offers were made.
At asking price, no other offers were made.
4,100 above list price, only 2 other offers were made.
$10,600 above asking price, only 6 other offers were made.