Fall 2025: Prices Are Coming Down

As fall approaches, so do the prices of homes that have not sold all summer, due to a combination of high interest rates and high asking prices. There is still a large supply of homes for sale in Northwest Michigan. It is unlikely interest rates will come down soon. The best thing to do now is negotiate the sales price, and now could be the right time.

So, the big question is whether it’s the right time for you to buy. That’s why it’s important to contact Real Estate Lawyers, who are Realtors and lawyers familiar with the real estate market, and who can guide you in writing a winning offer, guide you through closing, and get you possession. Do your research as to where you would like to be, then contact us. Use Zillow, Realtor.com, or another online real estate database to get an idea of prices in the area you like. If you see something you like, or have questions on a property, please contact us first, not the Realtor whose sign is on the property. They represent the seller.

Be it your primary home or a secondary home, cottage, or northern retreat, we can help you find it and get title to it. We know the market and how to move swiftly, yet safely, in this fast-paced market. Although our fees are commission based, like all Realtors, as real estate lawyers we review all the documents prior to closing and inform our client accordingly, so they know what they are getting before they close. If there are problems, we help fix them. If additional terms are needed, we write the terms.

These are major investments, so do it right and hire a Real Estate Lawyer/Realtor from REL to represent you in your purchase. We charge the same as a Realtor on listed properties, with no hourly legal fees. Unlike a Realtor, as lawyers we can provide legal advice, draft contracts, and interpret legal terms and contracts. As Realtors, we can schedule a showing of any property listed by other Realtors. We question why buyers call the seller’s Realtor to buy their client’s property. Why wouldn’t you call us first?

REL is a member of both the Northern Great Lakes Realtors MLS and the Great Lakes Bay Region Board of Realtors and can provide listings for properties from Saginaw north. With an office in Elk Rapids, Michigan, we have great insight into price and location. Call us at (231) 498-2171 or email jim@realestatelawyersplc.com.