The recent near blizzard conditions here in Northern Michigan brought to mind the topic of Weathering the Storm.  Like many areas in the country, Michigan’s real estate market has taken a beating.  Honestly, our entire state economy has been struggling.

 The thing about real estate markets, though, is that they’re local.  In our area, we’ve got one county showing a 15% drop in average sales price, while the neighboring county is down only minimally.  SE Michigan continues to struggle mightily, but when that market turns (and it eventually will) we’re going to benifit in the vacation/retirement mecca here in the north.

 So what to do in the meantime?  Work hard, get good listings, make sure they’re priced well, and tell the world about the deals available.  And there are deals!  I’ve got a list sitting in front of me that includes 286 bank owned properties in a 5 county area.  These banks don’t want to sit on these properties- they want them gone, and among these 286 listings are some great deals.  Aside from bank owned properties, there are private sellers who are ready to make someone a very happy owner. 

I’ve literally got one owner right now who is all but begging me to buy his property.  And I might just give in and do it, because it’s a GREAT deal.  But I can’t buy all the great deals, as much as I’d like to.  I need to keep finding buyers who are ready to move when these deals become available.  So that’s what I’ll be working on this week.  Calling contacts and pitching them a deal, one that I should probably take, but so far haven’t.

 I’m really optimistic about the upcoming year.  It’s the buyers turn in the drivers seat, and as prices adjust, buyers can afford more home.  That means more happy buyers, more dreams fulfilled, and more excitement.  And for me, those are the rewards that last, that fill you with hope when deals go bad, that make you smile when you head to the office, that make you feel like you make a real difference.  I’ve said often to friends and family that “I still want to save the world, to make it a better place.”  When dreams get fullfilled, I can see that I’m doing that, bit by bit.

If you want a copy of the list I referenced, or want to be on my “hit list,” send me an email, or post a response.  It’s a great time to be a buyer!

Advertisements