Real estate is hot in many areas of the nation. The demand for homes in urban and suburban areas has created seller’s markets throughout the country. A seller’s market means it’s easier to sell a house than to purchase one due to conditions such as property scarcity, gentrification, inflated pricing or rampant foreign investment.
In Michigan, the hottest real estate markets are in places as diverse as Detroit and Grand Rapids. While it may seem like a prime time to list your home in the state, be aware that you may still face struggles when offering your home for sale in a seller’s market. Consider the three situations listed below, and plan your real estate sale to protect yourself from each one.