Sellers market in west Michigan

Sellers market in west Michigan

Grand Rapids, MI · Member since 2014 · 174 posts · 27 votes
Multiple offers on these trainrecks of houses, houses pending after an hour on mls, etc etc. Anyone having good luck ofer here?!
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  • Real Estate Investor · Madison Heights, MI · Member since 2014 · 693 posts · 216 votes
    12y
    Originally posted by @Drew Denham:
    Multiple offers on these trainrecks of houses, houses pending after an hour on mls, etc etc.
    Anyone having good luck ofer here?!

    Yeah its tough out here. I just got one in Roseville but I put in 15 offers on other properties.

    The property I have needs lots of work but this was the best deal I could get at the moment

  • Specialist · Grand Rapids and Kalamazoo, MI · Member since 2013 · 391 posts · 116 votes
    12y

    Hi Drew,

    I'm having some success, but using direct marketing rather than MLS searches. Also, I know of a couple of people that are having good luck with the MLS just a bit outside of Grand Rapids - Rockford, Caledonia, Byron Center, etc. Message me, and we can get a little conversation going about it.

    Good luck!

  • Macomb, MI · Member since 2015 · 141 posts · 45 votes
    10y

    I was just talking with @Christian Hutchinson about this the other day.  The market is weird right now. 

    Stuff is going for full price and even above asking price in B, B- areas. 

    I just lost a good deal on a small place in Fraser.  I saw the value immediately and offered full price with normal conventional financing.  

    I lost to a full price offer, all cash that was presented the same day apparently.  The majority of the listings I am finding and the ones my realtor is sending me just stink.  Margins are not there.  Even bank owned stuff isn't making sense.  Don't get me wrong, there are deals, but it's slim pickens.  I am currently concentrating on north warren, sterling heights, Clinton Twp, Fraser.  

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