Although most people are thinking a lot about shopping this month, it's more often shopping for gifts and not shopping for homes that occupies their minds. However, with interest rates still at incredibly low rates and increasing home values in the area, there's never been a better time to make the switch from renter to home owner. The home you purchase can be your biggest asset and investment, especially with some care and sweat equity invested. If you're thinking of making the switch, here are three great reasons to get in touch with the team of professionals at Pyxis Realty today instead of waiting for the “spring thaw.”
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December is a slower month, meaning less competition for buyers. The West Michigan real estate market, especially the Grand Rapids real estate market, has been very strong throughout 2015, with little sign of slowing as the end of the year approaches. For prospective home buyers, this means, among other things, that the inventory of homes available for purchase on the market right now are at historically low levels. In real world speak, that means higher prices and more competition for the best homes on the market. Thankfully, the slight slowdown before the holidays can be the perfect time to view and make an offer on a property. Many prospective homeowners will put this search off until the new year, allowing a little more breathing room and time for reflection after seeing homes.
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The mild winter is likely to continue. One of the primary reasons people loathe the idea of moving in the winter, especially around the holidays, is the snow and the cold. Thanks to El Nino, however, this winter is shaping up to be one of the warmest and mildest on record in West Michigan. That means substantially lower risk of snowy, slippery, or altogether miserable conditions when you're moving. It also means that you can beat the spring rush for real estate and be happily settled into your new home when the daffodils begin breaking ground.
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There are some amazing houses on the market right now. Now that the economy is really starting to recover, both in West Michigan and nationally, there's more reason for people with well-cared for homes to put them on the market. Some are moving into new neighborhoods or cities due to promotions or other work changes, while others are upgrading to a bigger home to accommodate their family (or a smaller one to accommodate being empty nesters), and many of these people could not have sold their properties previously due to being unable to recoup investment thanks to incredibly low housing values in the area. As values and average sale prices have increased, more high value homes have come onto the market, as their owners are more confident about receiving an appropriate price for their home.
Whether this will be your first home or a change of size, style, or neighborhood, Pyxis Realty's professional staff is the best team to help you navigate the sometimes murky waters of real estate transactions on a hot, highly competitive market. Get in touch with our team today and see how easy it can be to go from renting to owning your home!