Grayling Real Estate Market Report
Hello Friend
Happy New Year to you and I hope you have a safe and prosperous year ahead. The 2009 real estate market was a year of continued foreclosures with loads of property available to interested buyer’s in the Grayling real estate market. Sales were steady with seller’s discounting prices to come into line with market values being soft. Some have called the current market conditions a major correction, others have called it giving away your property. I see at some place in the middle in Northern Michigan. The good times of no end to property appreciation could not be sustained indefinitely. As seller’s some are waiting the soft economic times out and others are jumping in with both feet and selling for discounted prices. The great thing about Northern Michigan is, that you can decide what works best for you and your situation. Remember, do not become frightened by the changing times in the real estate market, rather, use these times to find out how you can capitalize your position in the the biggest bear real estate market in decades!
Grayling real estate buyer’s are in the best position they have been in for decades! If you have been in the market looking for homes for sale in Grayling Michigan this past year, do continue. The days ahead will have the potential for golden opportunities througout Northern Michigan. The perfect storm as been brewing for financially responsible people. Here are the basic ingredients for your successful purchase in 2010!
* Continued large inventory of listings which will continue to drive down prices.
* The “Shadow” inventory of Bank Owned Properties (REOs) that has not been put on the market yet. This inventory has the potential to be approximately 25% of the total foreclosure market!
* Additional buyer purchasing power with the lowest interest rates in decades.
* It makes sense to invest your cash in real estate when bank CDs and money markets are at ugly low returns.
* Real estate taxes are starting to drop after 2-3 years of sales prices forcing assessors to adjust assessments.
In summary, don’t wait to long. This type of opportunity may not be offered again in your life time. For detailed consultation on northern Michigan real estate opportunities contact me today.
Again, Happy New Year!
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Ken Carlson Associate Broker KEN CARLSON REALTY PC
2540 W Pinewood Dr Roscommon, MI 48653 989.240.0970 Phone
989.775.5767 Faxhttps://kencarlsonrealty.com |
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