Summer 2023: A Hot Season, a Cooler Market
It’s summertime in Northern Michigan, and it looks like a hot one. Although the new normal is predicted to be fewer listings and lower inventory in 2023, we expect the market will also be without the kind of intense demand that fueled it from 2020 through 2022, due to mortgage rate increases and employers backing off on remote work. The big question for 2023 is whether it’s the right time for you to buy.
That’s why it’s important to contact Real Estate Lawyers, who are real estate brokers and lawyers, and who can guide you in writing a winning offer while keeping you within your financial comfort zone. We have unique ideas on how to write a winning offer. But first, we need to know what you’re looking for, so we can get a jump start when new listings appear on the MLS that match your likes and needs. 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/Broker 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 real estate brokers, we can schedule a showing of any listed property.
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.