Mike Bowler Sr. CRB, GRI, ePRO, RECS, SRES

The 4th Quarter 2010 Greater Lansing Real Estate Market Report was released today by Coldwell Banker Hubbell BriarWood. This report is a 14 page comprehensive report that details many factors in todays real estate market including values, market times, pricing and much more. Here are a few highlights:

Download Complete Report Here

Greater Lansing Real Estate Buyers and Seller's seem to be getting mixed messages these days about the real estate market from disaster to recovery. An example sprang up yesterday as one of our leading news sources for real estate news, Inman News had two separate articles with headlines titled: Real Estate Market: Worse Than Expected? And the other titled, Another Record Week for Mortgage Rates.

Sometimes headlines are what confuse the buyers and sellers on market conditions because the headline might be all they read. Both of these articles are great and have some valuable information that would be a benefit to read.

My point is, the market may be good for some, bad for others, real estate is local, it's a buyer's market, and a great time to buy a house.Yet, it may not be the best time to sell, unless you're moving up and can take advantage of the pricing on the home you buy, to make up for the price you end up selling your home for.

The current economic fiasco with recession, job losses, foreclosures, falling home prices, individual debt and almost everything else in between have made this one of the toughest economic times in our nation's history. I can see why many people are still feeling stress and uncertainty.

If you're a potential home buyer and interested in homeownership, check your credit score and keep your credit looking it's best, make sure your job is stable and make sure you have enough savings and income to support homeownership. Owning a home is a long-term investment and cannot be approached as it was in the past.

Seller's on the other hand, should expect a challenge in this market.Pricing your home correctly is crucial; selecting the right agent to market your home is also a top priority. Be prepared to interview 3 REALTORS to compare each agent and their marketing strategies to get your home the most exposure. Ask them to go into detail on the Internet marketing your home will experience, since 90% of home buyers begin searching homes on the Internet prior to even contacting an agent to buy.

Should you even consider selling now? That depends on your situation. Interviewing an experienced seasoned real estate agent who doesn't have $$$ signs in their eyes, to list your house, will help you determine if the timing is correct for you. A good real estate agent might just tell you to stay put for now, or they may even say, sorry, I cannot help you make this work.

There are all kinds of things to take into consideration when buying or selling a home. What I addressed above are only a few of the important areas to keep in mind. When you think that time is near, feel free to ask my professional opinion. You may not like the results or news I bring you about buying or selling in this market, however you can depend on a frank and honest opinion.

OK Greater Lansing Michigan, Common Ground is coming to downtown Lansing along the banks of the Grand River in Adado Riverfront Park. This event features an outstanding line-up of musical acts, focusing on top-level, national, contemporary music performers, plenty of food vendors, and a dynamic display of outdoor interactive activities for kids.

Common Ground is the premier special event of the summer in the greater Lansing region offering music, food, and activities designed with the goal of entertaining and satisfying people of all ages and backgrounds..

Here's a lineup of performers, dates and pricing. Greater Lansing is a wonderful place to live, work, and play.

“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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Home Sellers in Greater Lansing Real Estate Market Can Get Creative. With another month packed away for 2010 it appears the market is much stronger then it was last year at this same time. The home buyer tax credit expired, however Coldwell Banker Hubbell BriarWood, greater Lansing Michigan, is participating in this 3 month-long national sales promotion. Here's how it works:

WHICH HOMES CAN PARTICIPATE?
Any property listed with a Coldwell Banker Hubbell BriarWood agent is eligible for inclusion in the Buyer Bonus Incentive.

WHICH HOME BUYERS ARE ELIGIBLE?
Unlike the Homebuyer Tax Credit which had income limitations and property eligibility requirements, all home buyers are eligible to participate in the event. The key is to make a qualified offer on a participating property that the home seller accepts. May 1st - July 31st

HOW DOES IT WORK?
It’s simple. If a home seller decided to participate in the promotion they agree to refund as a credit at closing 3% of their final home purchase price. (up to $8,000) to the buyer. e buyer simply has to sign an offer on a participating property after the promotion start date and before the promotion expiration date.

HOW IS A HOME BUYER PAID?
The buyer Bonus will be shown as a credit from the seller to the buyer at closing.

DOES THE CLOSING HAVE TO OCCUR BY A SPECIFIC DATE?
NO. e deadline to enter into a contract will be July 31st when the program ends, but the closing date will be negotiated by the buyer and seller.

The 4th annual duel between the Lansing Lugnuts and Michigan State Spartans was rescheduled for Monday April 26th. Bummer, I can't make it, however, I hope you can. As you can see Mr. Lug and Sparty will be there, along with other surprise guests. So you can Go Green! or Go Nuts! Hope you enjoy.

The event is being held at the newly named Cooley Law School Stadium at 505 E. Michigan Avenue, Lansing, Michigan. Downtown is looking great with lots of new and exciting things happening.

You can learn more about the Lansing Lugnuts and Cooley Law School Stadium here.

Expect the Best" Mike