How to Buy a Big House For a Small-House Price
If you are considering buying a house within the next two or three years but are waiting until you can afford the house of your dreams, you may want to reconsider.
With housing prices going up as much as 10 percent per year in some areas, the longer you wait, the farther that perfect house can move out of your reach.
Along with the hike in house prices, interest rates are starting to creep up as well. This is even more of an incentive to buy a house now, rather than later.
How can you get a big house for a small-house price? The following tips will reveal the secrets to getting a great deal on your dream house.
1. Get to know house values. Before you get started, look at the areas in which you want to purchase a house. Monitor the prices of houses in that area until you are fairly comfortable with those values. Your goal is to know the value of homes so well that a great deal will be obvious to you.
2. Make low offers. Start by making offers that are as low as 65 percent to 70 percent of the asking price. Rather than making only one offer at a time, make five or 10 offers each week. Make sure you write "To be deposited only upon acceptance of this offer" on your earnest deposit check.
3. Expect most of your offers to be rejected. You'll know you are on the right path when your real estate agent complains that your offers are too low.
4. Wait for a great deal. If a seller accepts your offer, or counters with an offer at 80 percent or less of the home's value, you've probably found a great deal. You will be able to live in a bigger house than other buyers who
didn't take the extra time to find a seller willing to sell for less.
This strategy will test the patience of both you and your real estate agent. You will be tempted to think that no one will ever accept one of your low offers. However, when a good offer finally comes along, the extra space you get to enjoy in your new house will make it all worthwhile.
About Nicolaas Peters Nicolaas Peters is affliated with RE/MAX of Grand Rapids, which is located in Grand rapids, MI. For further assistance please use the contact information located on the right.
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Local Information for Grand rapids, MI
Latitude: 42.960476 -- Longitude: -85.65828
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ZIP Codes for Grand Rapids, Michigan
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49501 
49502 
49503 
49504 
49505 
49506 
49507 
49508 
49509 
49510 
49512 
49514 
49515 
49516 
49518 
49519 
49523 
49525 
49530 
49544 
49546 
49548 
49550 
49555 
49560 
49588 
49599 
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Area Code for Grand Rapids, Michigan
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616
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Time zone for Grand Rapids, Michigan
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EST
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Other Area Cities:
Grand Rapids, MI
Comstock Park, MI
Cutlerville, MI
Grandville, MI
Wyoming, MI
Walker, MI
Kentwood, MI
Rockford, MI
Hudsonville, MI
Jenison, MI
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Over 2,000 years ago, the Hopewell Indians occupied the Grand River Valley. Around 1700 A.D., the Ottawa Indians moved into the area and founded several villages along the Grand River.
The Grand Rapids area was first settled by Europeans near the start of the 19th century by missionaries and fur traders, who generally lived in reasonable peace alongside the Ottawa tribespeople, trading their European metal and textile goods for the fur pelts. Joseph and Madeline La Framboise established the first Indian/European trading post in West Michigan, on the banks of the Grand River near what is now Ada. After the death of her husband in 1806, Medaline La Franboise carried on, expanding fur trading posts to the west and north. La Framboise, a mix of French and Indian descent, later merged her successful operations with the American Fur Company and retired, at age 41, to Mackinac Island. -- Source: Wikipedia.com
Michigan 2000 Census Population Profile Map
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Grand Rapids |
Michigan |
United States |
|---|
| Population |
197,800 |
9,938,444 |
281,421,906 |
|---|
| Median age |
30.4 |
35.5 |
35.3 |
|---|
| Median age for Male |
29.4 |
34.3 |
34 |
|---|
| Median age for Female |
31.7 |
36.6 |
36.5 |
|---|
| Households |
73,217 |
3,785,661 |
105,480,101 |
|---|
| Household population |
188,106 |
9,688,555 |
273,643,273 |
|---|
| Average household size |
2.57 |
2.56 |
2.59 |
|---|
| Families |
44,370 |
2,575,699 |
71,787,347 |
|---|
| Average family size |
3.24 |
3.1 |
3.14 |
|---|
| Housing units |
77,960 |
4,234,279 |
115,904,641 |
|---|
| Occupied units |
73,217 |
3,785,661 |
105,480,101 |
|---|
| Vacant units |
4,743 |
448,618 |
10,424,540 |
|---|
Visit US Census
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Nicolaas Peters
RE/MAX of Grand Rapids
2301 East Paris SE
Grand rapids, MI 49546
VOICE: 616 957-5702
FAX: 616 975-5678
TOLL FREE: 800-530-9550
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