Author: GRPV Reviewer

An Earnest Deposit Could Be Your Ticket To Winning Your Bid

The housing market in Grand Rapids is competitive. Well – probably everywhere. Yesterday a friend lost a bidding war, and she was shocked.

She shouldn’t have been. She thought because she extended herself in order to bid asking price (She’s a bargain shopper and a coupon clipper) she was a shoo in, and the realtor seemed so affirming to her offer. How could they not accept it?

Another family who had already sold their home and were very sick of staying with family offered 33k over asking with an attractive earnest deposit. That’s how.

A Realtor’s Attitude Is Not The Indicator Of Being The Top Bidderchristmas-gift-box-14109686029mB

This decision isn’t really up to the realtor. That positivism and encouragement that you are hopefully getting is more about getting your business and referrals from  is the connection between the realtors attitude and if you will step foot in the house after the offer is made.

Comparison of the offers on the table is the real war. You play a card, and shut your eyes. Maybe you could put a pretty ribbon on it, too. Just for safe playing – in hope to lead to safe keeping.

How Does An Earnest Deposit Work?

The earnest deposit can definitely make your offer more attractive. It’s like saying, the paperwork process towards closing will take awhile, but here, I’ll give you 1-3% of your asking price in cash 1-3 days after you accept my offer. Because I’m a good person, and I really want you to accept my offer. It makes it feel to the seller that you will put in effort upfront to take care of their beloved asset.

Good Faith Deposit is Synonymous For Earnest Deposit And A Bow On A Package

If having an earnest deposit seems unrealistic to your financial situation, that’s understandable. This deposit is separate than the down payment, and the savings ready and waiting was hard to come by.

You have already applied for a new line of credit with a mortgage. Asking for another in a personal loan for an earnest deposit amount will roll into one-try…and won’t hurt your score for pursuing more credit all at once. It’s actually the perfect time to ask.

Don’t lose the house of your dreams because your offer wasn’t attractive enough. It’s a competitive market out there.

Click here to pursue your means to an end, in the form of good faith – this time known as a personal loan. 

Word On The Street: Rent Is More Expensive Than Buying

“I don’t want to be trapped in a 30 Year Mortgage – or a 30 Year Anything!”

rent

Vincent van Gogh – Houses at Auvers

“I don’t want the hassle of ownership.”

We HEAR YOU, but please, we have a point and plea. Carry on…

Millennials and Generation Z’s are pouring into Grand Rapids between Grand Valley, Aquinas, Ross Education Center, Ferris State University’s Kendall, Western, MSU Medical School, of course, Grand Rapids Community College and more. It’s not a secret anymore how awesome Grand Rapids is (Thanks ArtPrize!) and people are graduating – and staying put. It’s true – read about it here. 

That dorm life is translating into roommate situations, and remaining that way. Even married couples are getting a mortgage and keeping a roommate or two. The Co-Op James Russel House isn’t the only one with these cooperative living ideas! Little micro-communities is partly what’s making Grand Rapids so great! It’s been known that GR is a great place to buy and flip, or become the not-slum-lord.

We do hear the aches of gentrification – and people are talking about how to respect and join the existing communities while being a part of an expanding local economy. Read a three part series on race from Grand Rapids Home Values Here: Let’s Talk Racial Inequality: History, Specifics and Solutions.

One Solution We At Grand Rapids Property Value Really Love Is: OWNERSHIP

If there’s a tension between the Grand Rapids natives and the new kids on the block…and there’s a really high incentive for big money to buy up all the real estate and rent to this not-so-secret growing population. That’s not the Grand Rapids native’s favorite option. Big investors owning your block, while you struggle to hang on…as they charge more and more for rent because they can. Yeah, not ideal.

Why not? If you walking around town (playing Pokémon Go – look up) and you may be able to guess which homes are owned by the tenant and which homes are rented by the tenant (all home are owned by someone – or some corporation).

As a general rule of thumbs-up,

The Tenant Owned Homes Are Kept Up Better Because Ownership Results In Pride

rentRent results in carelessness because yeah, it’s not yours. You can care…less…Read the  The Pros and Cons of Owning Vs. Renting.

Pride in the homes in your community IS pride in your community. Ownership equals more pride. The hassle of ownership IS the never ending desire to care for what you own. Some will call it burden. Some will have a roommate to do the work with and then share a refreshing beverage, waving to neighbors and sitting on the porch — heaven.

Cat sitting is nice… It’s a whole different ball of yarn to be a cat mom or dad. That cat is better cared for by mom or dad. That cat wants a mom or dad, but it’ll purr for whoever is nice enough, sure.

Our Community Will Be Better Cared For If More Of You Are In A Home…”Owning It”

“Own it” means, do it well. 

Now – some of you are millennials that don’t have credit…you listened to your human mom or dad tell you the woes of credit cards so you didn’t get any. You may not have been the roommate mom or dad that took care of the bills, building up red tape, system tolerance (winky face).

Some of you don’t care about that because you don’t want to own a home anyway. But do you really see what that means now? Pay more per month, for what? Do you want to pay more per month without even the chance of that coming back to you in some form of benefit? Not really, just a guess.

Just because you get a mortgage doesn’t mean you need to stay in it forever. You can sell it! You can ownership-it…make it your own, make it nicer, play poke-the-house GO! And when you are ready to move to Portland, Ireland or Greenland…you can! You can sell it. OR you can rent it out. Check out that ball of yarn. Property managers are real thing and there are lots of handy people in GR to do it!

Buying Has Become Cheaper Than Renting

There are business who are just waiting to fill your service needs…Like THE ULTIMATE RENT TO OWN HOME PROGRAM, click there to read a review and learn more.

There’s a lot of altruism in this program’s philosophy. You shouldn’t be rentlocked out of the housing market because of LOW or NO credit! There are tricks of the trade to fix this issue. The Sub Prime Credit Store is one such place…connecting you to options to build credit pretty fast. There are home owners out there who would rather have you taking excellent care of your community – through ownership… and understand your predicaments, hang ups, and whatever else.

Do you know that positive actions you take for your future WILL take some will power and of course the process can be annoying – but it has procrastination built in! And you cannot replace that feeling of taking care of yourself – that pride you’ll feel about YOU! Will transfer into your community.

Rent to own for better. It won’t be worse. And it will cost less. Let an educated representative hear your specific needs and situation and HELP you. We are here waiting. Click now. 

Would You Like $250 NOT Leaving Your Pockets Monthly!

Thanks To The HARP Program, Of course You Would!

grand rapids

Education about the HARP Program Could Help You!

$250 is the average mortgage payment savings per month with the HARP program.

Does you mortgage total less than $650,000?

You might qualify for the HARP program. Find out in approximately 30 seconds here. 

Are you underwater? We mean, your house…is it underwater? Refiance your mortgage. You really need the HARP Program.

Do you want to pay off your mortgage faster?? Of course you do.

Our government has great responsibility to keep the economy functioning – with stability . Banks getting as much interest out of you as they can is their prerogative, and that free hand isn’t great for you…and not great for the economy as a whole. If you are middle class and all your expendable income goes to the bank, you aren’t alone. You are seen, and heard. Have you seen and heard about the HARP Program?

Last month in May 2016 HARP refinances surpassed the 3.4 million mark, read more here. 

11 Million Americans Are Struggling To Make Rent – Getting A Mortgage Is Cheaper, Especially With HARP.

Read this Article from CNN about a concerning amount of Americans – where rent is becoming unaffordable. Ideally, you spend 50% of your income on bills…20% on financial goals (otherwise known as the past – debt – and future – savings, retirement, kid’s college…)…and 30% on weekly flex spending. You and everyone else spending the 30% freely spent makes up 100% of the paycheck for everyone else. That flow of goods and services outside of the bank getting your mortgage, or your landlord getting your rent and Xfinity Comcast is CRUCIAL.

Are You One Of The 325,000 Borrowers, Prospective Borrowers That The Government Is Trying To Protect?

grand rapidsA lower interest rate will put more money in your disposal. That’s better than you being completely strapped to a mortgage.

In 2016 the government is ready to move on from the HARP initiative to stimulate the economy…So take advantage of this TODAY. At the end of 2016 HARP is over!

If all this is far too much for you to handle, seen, heard, understand: speak with some really kind and knowledgeable representatives with the H.O.P.E. Program, whose goal is to connect you to a network that worries for you. These representatives work on your behalf. Click here and fill out this form to get a call. No shame.

Why Grand Rapids Property Values Is Building A Healthy Economy

This Guy: David Korten Is On Point

Mr. Korten is an author of the Living Economies Forum, and the tagline is lovely. “The old economy of greed and dominion is dying. A new economy of life and partnership is struggling to be born. The outcome is ours to choose.” This optimistic fact/belief is only helpful.

His background is as a former professor in the Harvard Business School, and it’s no secret that he’s a political activist that’s against Corporate America.2325235254_c08b63ac5a_b

Think Monopoly for a second, and let’s get philosophical. The board is GR. There’s the river dividing east and west, and Divison Ave. runs parallel drawing the half line. Broadway is East Grand Rapids. Xfinity is general electric. 6th street bridge, blue bridge, Marquette Rainroad bridge and 131 are the railroads. It’s green, or trying to be: the middle of the board is about 36% tree canopy. There’s Alpine and 28th street to shop. Meijier all over the perimeter.

Let’s Play Monopoly: GR

And you, a blue or white collared individual set to play against the big doughs: Devos, Meijer, VanAndel.

They are going to try to buy the board on short sale with a hedge fund.

Oh, and you did not start with the same amount of money. That rule was just so you didn’t kill a sibling growing up. This is real life, and you learned to get a long even when it’s not fair. This game will be short.

In this imaginary Monopoly game and maybe real life…You are going to use Grand Rapids Property Values and be apart of establishing what David Korten calls a “Healthy Economy”.

  • Financial Stability – the opposite of “phantom wealth” and speculation on financial bubbles…real wealth has sound productive investment that responses to community needs and creates opportunity.
  • Earth Balance – this calls for a reduction of aggregate, many parts that come together for a whole, consumption and an increased commitment to the health of the earth.
  • Shared Prosperity – Everyone earns a livelihood conducive to well-being. “This requires dealing with defects in the system structure that deprive a majority of the world’s people of access to an adequate and dignified means of living.”
  • Living Democracy – Every person being an active part of society working in communities to solve problems (politics) and economic decisions that bear on health and happiness, which requires restoring the caring relationships of ‘the village’ which breaking up “unaccountable concentrations of economic and political power.”

A different individual owning one spot each would create those four things, no matter what each individual believes. There’s a cat’s game, right there. No one wins. Everyone plays. And the game goes on and on.

You know how monopoly goes. Especially with this inequitable share of wealth, you are toast.

The Game Ends, The Bubble Bursts…

The dude, or corporate entity, that gets the property monopoly may have values in all these areas(for example): financial stability (Devos), earth balance (LEED certified buildings), shared prosperity(Philanthropy), living democracy(ArtPrize?)…and could create an idyllic world…

Because things like ArtPrize are holding space for people to come together. 

Then there are things like ArtPrize creates this national-global reputation and Grand Rapids increasingly becomes a gem, attractive to outside investors. All of sudden there’s more than the local high rollers involved. 

Well known in the news, Grand Rapids is a great place for renters, rentals, flips… Here’s an Mlive sample. 

Word on the street is: Renters are experiencing a rent hike…how hard it is to find a good rental place…With so many colleges are pouring out graduates who want to stay and raise their families here because also hear how great Grand Rapids is for families. Here’s a sample from Forbes.

There’s this humm on the street of “investors”: Here’s a sample from Compass Properties.

Hummm…Hedge Funds…

These things aren’t easy to explain…and that’s part of their definition. Transparent handling of funds is not part of hedge fund. It’s in the namesake…you trim it, and you can’t see what’s behind it. Mysterious Funds…Read an article from Complete Real Estate about “What In The World Is Going On With Hedge Funds“. 

There’s this: “Vision Real Estate Investment in Grand Rapids is a cutting-edge real estate investment firm, focused on the acquisition, development and management of commercial properties in the West Michigan area. We strive to make a positive impact on our community while adding value for our investment partners.”

This is speculation, but it sounds like the cutting-edge is hedge funds, and maybe there’s that localist community values that happen in a healthy economy AND investment, faceless, far away (perhaps) partners will profit. (Eye brow raises)

There’s this: “Build local is the next buy local”,healthy economy

Thanks for playing and pulling this apart a little bit to see how greed and dominion can die to leave room for life and partnership.

“I’m Over The Hedge” Unless…

Unless…the grassroots communities that are under-resourced can be funded through big investors. Balle is a group, sort of like a rule keeper (value keeper?) for that Monopoly, lost. When the people who have the money have the priorities of a healthy economy it can be more than just bubble and bust…but bustling…

If you are interested in investing click here… 

If you are interested in buying your own home…