Real Estate Search

Housing Shortage Is Likely Coming, Report Says

June 30th, 2011 by Katie K Team

Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual “State of the Nation’s Housing” report.

That means household growth, which has dropped drastically in recent years, will need to greatly reverse its trend to meet the forecasted spike in demand. From 2007-2010, household growth averaged about 500,000 per year–less than half the 1.2 million annual pace averaged prior from 2000-2007.

Read the rest of this entry »


Does Moving Up Make Sense?

September 30th, 2010 by Katie K Team

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move. In this market, you can move up for less!

1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains. Read the rest of this entry »


Grand Rapids Board of Realtors Joins SWMRIC

July 13th, 2010 by Katie K Team

A great change is occuring!  Currently when you list your home with an agent in the Grand Rapids area who is a member of the Grand Rapids Board of Realtors, such as Katie K, your listing has appeared on the GRAR.com website.  This website reaches seller and agents in the Greater Grand Rapids Area.  As of July 14, not only will your listing appear on GRAR.com, it will also appear on SWMRIC.com (South and West Regional Information Center).  What does that mean for exposure of your home?  A lot!  SWMRIC reaches agents and buyers in the South and West Michigan counties of Allegan, Barry, Berrien, Branch, Calhoun,Cass, Hillsdale, Ionia, kalamazoo, Kent, Lake, Manistee, Mason, Medcosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, Ottawa, St. Joseph, Van Buren and beyond!

On July 9, all activity on GRAR will be stopped.  All information that is currently on this website will remain there, but agents will not be able to change or add any of that information until July 14.  On July 14, it will be business as usual except…the listings will also be on SWMRIC, getting YOU maximum exposure for your home.

If you have any questions or concerns about this transition, please call our office.


Move-Up Buyers Tax Credit!

December 16th, 2009 by Katie K Team

GOOD NEWS! The United States Congress have passed a new legislation that expands the tax credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010! This gives you, my valued client, more time to prepare to buy a property.

According to REALTOR.org, you qualify for the tax credit if you are current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight years.

CLICK HERE to visit the NAR Website that expands on the extension of the move-up buyer tax credit!

Contact Katie today for more information!


New Keller Williams Office in Traverse City

November 23rd, 2009 by Katie K Team

Local Greenridge Realty Offices to Become Part of Keller Williams Franchise

Two years after expanding into the Traverse City region, Grand Rapids-based Greenridge Realty—the exclusive operating agency for Grand Traverse Resort properties—will disappear from the area on December 21.

Doug Meteyer, broker and owner of the local Greenridge offices located at the Grand Traverse Resort and at 534 Front St. in Traverse City, plans to sign a license agreement with Keller Williams Realty International. Keller Williams is the third largest real estate franchise in the United States.

Not only will Meteyer retain both offices and all current agents but also, he says, “the [Keller Williams] business model calls for us to double in size in the first six months.”

What prompted the switch? Two things: First, Greenridge began closing and consolidating its offices around the state last spring in an effort to stabilize its budget. Second, says Meteyer, “I have always looked at the conventional business model of how real estate operates and have never been thrilled. When I started looking into Keller Williams, everywhere I thought there was a gap in the traditional model, they had a solution.”

A lean model that offers profit sharing with its agents and encourages them to work remotely to reduce overhead and an agent’s cost of doing business, Keller Williams is a debt-free company that is prompting a “paradigm shift” in the real estate industry, says Meteyer.

As part of the Keller Williams franchise, the Meteyer’s outfit will continue to be the exclusive operating agency for the Grand Traverse Resort. J. Michael DeAgostino, Public Relations Manager for Grand Traverse Resort & Spa is enthusiastic about the news. “It’s a very tough market out there right now, so anything Doug can do to make it better as far as representing and selling—we’re in favor.”

Article courtesy of The Traverse City Business News, Copyright © 2009
http://www.tcbusinessnews.com/archives/view.php?archiveId=608


Market Snapshot, How Accurate is This Information?

October 26th, 2009 by Katie K Team

How accurate is the information you receive from the market snapshot feature offered on the Katie K website?  The market snapshot is far more reliable than similar information provided by other real estate sites such as Trulia and Zillow.  The detailed local market data and analysis provided when you request a market snapshot is generated from the MLS used for Grand Rapids, The Grand Rapids Association of Realtors (GRAR.com). 


Harnessing the Power of Social Media in the Grand Rapids Real Estate Market

October 6th, 2009 by Katie K Team

Ever heard of Facebook?  How about Twitter? LinkedIn?  There are countless social media sites on the internet today keeping everyone updated on virtually all subjects. Our office has begun focusing more on the use of social media to reach out to clients, buyers and sellers alike, and keeping these individuals updated on Grand Rapids Real Estate and the Katie K Team.

In order to harness the power of social media and networking, the Katie K Team has launched a new profile for Katie on Facebook. You can go through the link on the homepage of this site, Katie-K.com, or directly through Facebook at  www.facebook.com/katiekarczewski.kwrealty.  All of Katie’s currently listed homes can be seen with full detail under the “Real Estate” tab.   There is also a “FriendFeed” tab that displays all of Katie’s Tweets direct from Twitter.  Come check it out and stay connected!


Pricing Your Home to Sell in the Grand Rapids Real Estate Market of Today

September 10th, 2009 by Katie K Team

Are we heading back to basics?  You bet and what could be wrong with that?  A whole new set of rules has emerged out of the ashes of the mortgage meltdown.  Stated income, subprime mortgages, drive-by appraisals are out of vogue!    The Greatest Generation, so eloquently authored by Tom Brokaw about the sacrifice of the World War II generation said it all.  The standard for living within your means was set by them. Twenty-percent down, 30 years mortgages, paying it down and living the dream.   The pendulum swings between buyer/seller for leverage of negotiating the best deal. Today, it is in the buyer’s court.   If you want to sell, then you have to not only be on the market but in the market.  And that means being priced at or below the market conditions to create value.  In the absence of value, money will always be an issue!   Create the sense of urgency for those buyers to feel a value proposition and you just might end up with a full price offer and/or a bidding situation.   And what you give up on one end, you will benefit on the other!  Not only from a purchase price but a base for your taxes too!


Grand Rapids Homes Sales are Reported up in April

May 18th, 2009 by Katie K Team

For the third month in a row, The Grand Rapids Association of Realtors reports home sales in April were up from a year ago.  1,021 homes were sold in the month of April, a 21 percent increase from April of 2008.  Average home prices are remaining on the decline.

Agents feel that the statistics are a reflection of the new first time home buyer tax credit low interest rates effectiveness.

To read the complete Grand Rapids Press article, please follow the link the Mlive:
http://www.mlive.com/business/west-michigan/index.ssf/2009/05/home_sales_up_21_percent_for_g.html


 

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