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Archive for January, 2015

For Immediate Release

Contact:           Women’s Council Education Dept.

800-245-8512

Performance Management Network Designation Awarded to Local REALTOR®

Lola Audu ~ 2011 President of the Grand Rapids Association of Realtors®(Chicago, IL—August 4, 2014) Lola Audu, a Audu Real Estate REALTOR®, has been awarded the Performance Management Network Designation by the Women’s Council of REALTORS. The Performance Management Network is a next-generation REALTOR® designation designed from the ground up to deliver the real-world skills, know-how and tools to keep an agent’s business out front and on top of an evolving real estate market.

PMN curriculum is driven by the following topics: negotiating strategies and tactics, networking and referrals, business planning and systems, personal performance management and cultural differences in buying and selling.

About WCR

Women’s Council of REALTORS® is a nationwide community of more than 10,000 real estate professionals who include many of the best and brightest in the business. Women’s Council is an affiliate of the National Association of REALTORS® and is headquartered in Chicago, IL. For more information on Women’s Council, please visit WCR.org.

Mission

We are a network of successful REALTORS®, advancing women as professionals and leaders in business, the industry and the communities we serve.

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The housing market has stabilized in Grand Rapids, Michigan.  Gone are the days when investor traffic flooded the market and houses were being plucked up at rock bottom prices.  Although exceptionally low inventory throughout much of the past 18 months has been a challenge, home buyers are once again entering the market in a serious way.  There is ample reason to indicate that a foray into the real estate market in Grand Rapids, Michigan today is a prudent financial move.

According to a recent article in Forbes Magazine, Grand Rapids Mi is now ranked as one of the nation’s Top 20 Housing Investments.  The list was based on key indicators such as: employments opportunities, annual job growth, population and the calculation of an area’s Equilibrium Home Price or Income Price.   This Equilibrium Home Price is used as a tool to measure what the average home price in any given area would be absent distortions such as the housing crash of recent years.  A good score on this index provides investors with confidence that their investments are likely to garner a good return.

Another measure of the strength of the real estate investment sector in Grand Rapids, Michigan is the affordability index. According to statistics cited in the Forbes article, Grand Rapids, Michigan is currently under-priced by 23% when compared to similar areas across the country.  One of the advantages the West Michigan area has had is the fact that the market was never seriously overheated.  For the most part, appreciation rates were stable even during the wild upward swings that overtook many cities prior to the housing crash.  Although Grand Rapids was affected significantly by the crisis, housing has regained its losses and home owners are seeing steady gains in their home equity.

Additional factors which bode well for Grand Rapids, Michigan in terms of real estate investment include a strong rental market. Vacancy rates in the Grand Rapids area are very low. The growth of area colleges (in particular Grand Valley) and the influx of population moving into the area for jobs has created the perfect storm as it collided with people who had lost their homes during the housing crisis competing for dwellings as well.  Buyers in the Grand Rapids, Michigan area are finding that with low interest rates, it is often much cheaper to buy a house than it is to rent one.

Related Content:  11 Reasons Why People Who Don’t Live in Grand Rapids, MI Should Wish They Did!

Metro Grand Rapids, Michigan Quick Stats:

MSA: Grand Rapids-Wyoming, MI

Pop.: 1,016,603

Avg. Home Price: $149,123

Pop Growth (’10-’13): 2.8%

Jobs Growth (annual): 3.7%

Unemployment: 4.7%

Annual price growth: 8%

Over (+) or under (-) priced by: -23%

Home Price/Rent Ratio: 14

Click on the picture below for the slide show featuring all the “Top Best Buy’ cities to invest in real estate within the United States.  Contact Audu Real Estate by calling 616-791-0511 or e-mail:  info@audurealestate.com for more information.

Grand Rapids MI Where to Invest Capture

 

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Sunnyslope CaptureSunnyslope Floral has been my florist of choice for over twenty five years!  When I first started working as a marketing specialist, a colleague sent over an arrangement from Sunnyslope.  It was a floral arrangement in a mug and it brightened up my day.

That one thoughtful gift from a friend has inspired me to want to share the beauty of the gift of flowers with hundereds of friends and clients through the years.

When I started my real estate business, I decided to use Sunnyslope to send out Thank You gifts for individuals who referred clients to me.  Over the years, they have worked with me to design unique and beautiful gifts for my family, friends and clients. They have also designed some unique Closing gifts.

Their customer service is excellent.  They will customize your order with a personal message and even include your business card.  I have only had a problem once and when I notified them of the issue, they took care of it immediately.  Working with a florist like Sunnyslope is easy…no hassle, simply great, friendly, timely service.  Highly recommended!  Visit the Sunnyslope Floral website and when you order, tell them Lola sent you! 🙂

*image courtesy of Sunnyslope floral website featuring a special value of a dozen European roses.

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33341293_sIt’s finally happened!  You Sold your home!  YES!!!   The moment you’ve been waiting for after all the cleaning, making the home available for impromptu showings and enduring nerve-racking anticipation and hope that a purchasing decision will be made in favor of your home.

But even before the ink starts to dry on the fully executed purchase agreement, you’re wondering what does this mean?  Is the home really sold if Inspections need to be cleared and title issues examined?  What about the financing…is the Lender absolutely 100% behind the guarantee for the loan commitment?  When should you order the moving van?

Signing a purchase agreement to sell your home to a prospective buyer starts a detailed and often complex process in which many aspects of the sale need to be coordinated to conclude in a successfully closed real estate transaction.  At Audu Real Estate, our goal is to assist our clients with these details and to relieve the strain and stress of the negotiation process.  Here’s what you can expect from our company.

Coordination:

There are many details to coordinate.  By some estimates, up to 10 different companies with their various employees will be involved in closing your transaction.  These include: the mortgage company, the title company, the other real estate company, the inspection company, the survey company, the home warranty company, the insurance company, the well & septic inspection company, the appraisal company & etc.  As you can see, the list can be extensive and this does NOT include additional companies which are involved in REO or Distress sales.  Coordination with ALL of these different entities and their representatives is a large part of what keeps us busy AFTER you sign the deal to sell your home!

Inspections:

Inspections are a vital part of the real estate process and often one of the most challenging areas to navigate.  So much emotion tends to be involved.  As a homeowner, you want the buyer to love your home and although you know it’s not perfect, there is a vested connection which might make you a little sensitive.  On the other hand, a prospective buyer may have some anxiety about the true value of their purchase.  No one wants to make a poor buying decision.  Navigating this ‘sticky’ territory is what we do best.  It’s our job to help all parties come to a resolution about the results of the inspection and how to move forward.

Follow-up:

Follow-up and Follow-through is where many transactions fall apart.  The details matter when it comes to real estate.  A missed signature can make a transaction which was a ‘sure thing’ become murky in a hurry.  Many aspects of a real estate transaction which is in the ‘Pending’ category are under strict time constraints.  For instance, certain inspections have to be conducted within a particular time frame.  When follow-through is poorly executed, even a solid transaction can go awry.  Our job as REALTORS is to ensure that your transaction stays on schedule.

Communication:

Staying on schedule requires excellent communication skills.  Today, communication flows through multiple channels.  We ask our clients how they prefer to communicate.  We’ll do whatever it takes to stay in touch.  This includes:  calls, e-mails, texts and even social media.  Not only are we keeping you informed about what is going on with your transaction, communication also involves keeping those other 10 companies we referenced earlier in the loop as well.  Good communication is the lubricant that helps to keep the friction down to a minimum.

Negotiation:

Negotiations are an ongoing part of the transaction.  They can involve all sorts of things.  Perhaps, there are some items or belongings which you would like to get rid of, or some repair issues crop up which need to be addressed.  Even the closing place and location sometimes become a part of a negotiated solution.  At Audu Real Estate, our goal is to create successful outcomes for our clients in the real estate negotiation.

Closing Facilitation:

An average transaction can take between 30-45 days to come to a conclusion.  The days leading up the closing are often filled with a flurry of activity as various parts of the transaction are completed.  Because there are so many moving parts, it’s important to have someone who is the Captain of the Ship.  Our job is to navigate your boat into a safe harbor.  We review the closing documents for accuracy in terms of reflecting the terms of the purchase agreement.  There is coordination with all parties regarding move in/move out dates as well as the transfer of utilities.  Well executed closings are like the passing of a baton in a relay race.  They are seemless and enable the next party to successfully execute the next stage of the race.

We hope that this has been a helpful article.  If you’d like to learn more about what we can do to help you sell your West Michigan home, please give us a call at:  616-791-0511.

 

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