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Updated over 8 years ago on . Most recent reply

Michael Terry's profile image
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Michael Terry
  • from Temperance, Michigan
  • Member since Jul 3, 2012
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Michael Terry's profile image
Michael Terry's profile image
Michael Terry
  • from Temperance, Michigan
  • Member since Jul 3, 2012
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Michael Terry
  • Temperance, MI
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Michigan Real Estate Q&A Discussion Forum

Canadian Lakes, Michigan

Michael Terry
  • Temperance, MI
Posted

I own a lot (and a house) in Canadian Lakes, Michigan, a resort area 50 miles north of Grand Rapids. Anyone familiar with the area doing any investing? Have a crazy thought of building a spec home on the lot, but there is so much for sale! 

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David Zamarron's profile image
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David Zamarron
  • Real Estate Broker & Investor
  • from Mount Pleasant, Michigan
  • Member since Dec 23, 2013
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David Zamarron
  • Real Estate Broker & Investor
  • from Mount Pleasant, Michigan
  • Member since Dec 23, 2013
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David Zamarron
  • Real Estate Broker & Investor
  • Mount Pleasant, MI
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David Zamarron
  • Real Estate Broker & Investor
  • Mount Pleasant, MI
Replied

I've brokered many houses in the area.  I would urge caution in building a spec house as there are many properties available at prices well below reproduction cost.  Additionally, many sellers in this retirement/second home market own their properties free & clear of mortgages and have room to market and negotiate aggressively.

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