Mike Bowler blog

The Benefits of a 20% Down Payment

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on May 08, 2019 in  Buying a Home  Greater Lansing  Real Estate Update
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment. These programs have cut the savings ... read more
| 0

Home Buyers are Optimistic About Homeownership!

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on May 07, 2019 in  Buying a Home  Greater Lansing  Homeownership
When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase! Most homebuyers start by listening to the news to hear what is being said about the real estate market. They check with family and friends about their experience. They spend time online reading rev... read more
| 0

The Cost of Renting vs. Buying This Spring [INFOGRAPHIC]

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on May 03, 2019 in  Buying a Home  Homeownership
Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year! ... read more
| 0

Your Fabulous New Dream Home is Now Available

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on May 02, 2019 in  Buying a Home  Greater Lansing  Real Estate Update  Spring
Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in. That two-story, four-bedroom colonial with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the h... read more
| 0

How Quickly Can You Save Your Down Payment?

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 29, 2019 in  Buying a Home  Greater Lansing  Homeownership
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from HUD, Census and Apartment List, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’&nbs... read more
| 0