The Cereal City Real Estate Connection: December 2010

Selling Your Home Quickly in a Recession in Battle Creek, Michigan

Selling your home quickly in a recession in Battle Creek, Michigan can mean that one has to take someSelling your Home Quickly in a Recession in Battle Creek Michigan unconventional approaches or change the way one usually thinks about selling a home. When one looks at the steep decline in home values in recent years, it is not hard to realize that this is a completely different market than existed when you most likely bought your home.

So how does one answer the question of selling your home quickly in a recession in Battle Creek, Michigan? Obviously, one needs to recognize that it is a buyer’s market. What that means is that there are more homes available, than there are buyers, and thus a qualified home buyer looking at houses has much to choose from.

They also cannot help but be inundated with the low prices offered by foreclosures being listed by banks. This drives down values, and makes selling your home quickly in a recession in Battle Creek, Michigan very difficult. If you are in a position where you owe more on your home than the surrounding market value, this presents problems. This is sometimes being referred to as being ‘under water’ on your home.

Selling your Home Quickly in a Recession in Battle Creek MichiganHowever, one can only reduce the price of their home so far, and then they reach a point where they either have to bring additional money to closing in order to walk away from it, or they have to seek a short sale with their lender if they are struggling financially with keeping the home. Some homeowners are taking the option to rent their home, when placed in this situation.

Home improvements can sometimes raise the value, but it is important to realize you will not get the return on investment for extensive costs, so these improvements should be carefully chosen.

Working with an experienced Realtor who knows your market area can help you with making some of these decisions. As a Realtor in Battle Creek, I work with sellers every day. Selling your home quickly in a recession in Battle Creek, Michigan can be a challenge, and there are many aspects to consider.

For more information, give me a call at: 269-441-8182 or contact me through my website at: www.michaeldelaware.com.

Selling your Home Quickly in a Recession in Battle Creek Michigan

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For the Battle Creek Area Association of Realtors

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0 commentsMichael Delaware • December 19 2010 12:36PM
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