November 27, 2017

Paul Banicki Realtor


paul new pic.jpg
Southeast Michigan
Home Buying
Opportunity!!


Paul Banicki, Realtor
248-259-4187 | Paul@PaulBanicki.com

As demonstrated below, for a certain segment of the population the next six months may be the best time to buy a house. Over the coming year Michigan’s house prices are expected to rise between 4% and 5%. Applying this to a $150,000 house meansyou could potentially miss out on a $7,500 increase in value by delaying your purchase.
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First, housing prices are driven by supply and demand. The larger the demand for housing the greater the pressure put on price. At any point in time there is a limited number of buyers in the marketplace. The housing stock available is also limited. Typically it takes six months to build a house so today’s housing inventory is fixed. This is especially true for a northern state like Michigan because of our severe winters.

Second, many families wishing to buy a home have school aged children and do not want to expose their kids to moving and enrolling in a different school in the middle of a school year. This causes undue anxiety on their children. School is stressful enough without the need to make new friends in a new location.

Third, some families must move and are willing to negotiate more than in the summer months. With fewer buyers they become more flexible on price.

Paul Banicki - 248-259-4187 -  Paul@paulbanicki.com

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