The Michigan real estate market is no exception, 2020 is projected to be a strong year in real estate. Here are some pros and cons of buying and selling your home in the Michigan real estate market in 2020.
Mortgage Rates are on the Rise
Although rates are projected to increase in 2020, they are only projected to slightly rise. This means now more than ever is a great time to buy as they will only continue to rise over the next year or so, and you can still get a great rate!
Rent Prices Increase
Millennials are reaching the point in their life where they are having to make the decision of continuing to rent or becoming a homeowner. As rent prices rise it is becoming increasingly affordable to take on a mortgage. Many renters are finding they are able to take on a mortgage for the same, or at times, a cheaper monthly payment!
Low Inventory on the Market
Low housing inventory will continue into the new year, which will make it a great time for sellers. This trend will result in homes to selling quicker at a higher price. It's more important than ever for buyers to have a real estate agent working for them. Having an agent will get you the quickest access to homes once they're on the market.
Housing Prices on the Rise
As the demand for houses remains higher than the supply, many home prices will rise. Housing will become less affordable which will hurt Millennials and those that are renting the most. It's always best to work with a trusted real estate agent to best determine the listing price for your home. An experienced real estate agent has the knowledge and experience in your market and will be able to guide you to reach top dollar for your home.
The market for 2020 is really at a stage that can work well for both sellers and buyers. Since rent prices are on the rise and mortgage rates are slowly increasing as well, now is a great time for renters to become homeowners! with motivated buyers on the market and low inventory now is a great opportunity for sellers to get multiple offers on their home. If you are looking to buy, the first step is to consult an experienced real estate agent and get pre-approved for a mortgage. Sellers will want to consult with a real estate agent for expert advice on their home value and the current market!
Considering the Kitchen
Moving day, just imagine it: The sun is shining, the weather is just perfect, and you’re about to close one chapter and open a brand new one. There’s so much possibility ahead! Although it may be exciting and full of promise for you, moving can be a terrifying event for your pets, even if you’re just moving down the street. Fortunately, you can take a lot of steps to protect your furry, feathery and scaly pals in these high stress times.
Your Moving Day Checklist: Pet Edition
Whether you’ve got a dog that you love, a cat that’s a handful or a flock of chickens, moving with animals takes patience and attention to detail in order to help them get through the process with the least amount of stress possible. Remember that your pet doesn’t understand what’s happening and that the noise, strangers and general chaos can be terrifying for them. Before you so much as begin to pack, it’s important to consider what’s going to happen with your pets during your move. Here are some things you can do to keep them safer and happier during the whirlwind that’s to come:
It’s likely your pet will need to be confined to a crate, bathroom or other safe space so that the door can be left open to move things out. Before the move starts, you can begin to get them used to the idea of being confined. Start by staying in or near the space with them and rewarding them when they relax (this could take some time at first, so be patient). As they get better at being confined with you, go farther and farther away, and for longer periods, rewarding them as they adjust to the situation. Getting your pets used to being confined like this can help prevent injuries to them should they frantically scramble to escape, and can help you better see what kinds of things in those spaces may be potentially dangerous when they’re left unattended on moving day.
Your vet has all kinds of things in their dispensary for these one-time highly stressful events. They can make a specific recommendation based on your pet’s history and particular panic buttons, and also give you more behavioral tools to your own toolbox to help your pet cope. Absolutely ask your vet for help before you even book a mover or a moving truck.
If you can, stretch your move out over a few days or a week so that your pets can have a breather from their safety spot. Depending on just how much there is to move, it’ll be easier on you, too. For example, you might move a lot of boxes on Monday, take the small appliances over on a Wednesday and then move the furniture on Friday. Giving your pet some time to shake off the stress will make the move a lot easier for them.
Longer moves may require you to be away for a while, which turns an already stressful situation into a potential for real trouble. A pet sitter will help fill your shoes while you’re moving, or while you’re taking care of getting the new place cleaned up and ready to go if your pet is very prone to stress in new situations. Just make sure to introduce the pet to the sitter ahead of time so they can get to know one another.