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Compass Realty Services News

Forbes names Grand Rapids #1 for Housing Investment in 2016

Thinking about real estate investing? Grand Rapids, Michigan has snagged another #1 spot, this time at the head of Forbes list of best cities to invest in housing in 2016. Grand Rapids topped Dallas, Seattle, Orlando, Nashville, and many other metro areas as a great...

New Mortgage Rules Expected to Make Borrowing Easier

Obtaining a mortgage may get easier for creditworthy borrowers with low and moderate incomes thanks to changes Fannie Mae is making. According to KARE 11, an NBC affiliate in Minneapolis and St. Paul, Fannie Mae’s HomeReady mortgage program was designed specifically...

Most ZIP Codes with Good Schools Are Unaffordable

RealtyTrac found that “65 percent of the ‘good school’ ZIP codes were unaffordable for average wage earners,” CNN Money reports. The top 16 of the affordable good school ZIP codes are in California. What makes a school good? RealtyTrac defined it as those that post...

4 renovations that could decrease your home’s value

MarketWatch's Amy Hoak reveals the four renovations that could decrease a home's value. Homes with more bedrooms sell at a higher price, and removing a bedroom is a home improvement blunder that could negatively impact resale value in the long run, even if the...

The Reason Why Foreclosures Spiked in October

Newly started foreclosures rose 12 percent in October from December, a new report from RealtyTrac revealed. CNBC reports that this is the largest monthly increase since August 2011, and more than twice the gain from September to October in the last five years, a time...

Buying Real Estate in Grand Rapids Makes Sense

Buying real estate in Grand Rapids just makes sense! We just keep hearing this over and over again. It doesn't matter if you're buying a home for your family or if you are looking to make a wise investment. Grand Rapids, MI is where it is at right now! Why do we say...

Why Invest in Grand Rapids Real Estate?

Our brokerage continues to see an influx of out of state, out of country real estate investors coming to Grand Rapids to cash in our fantastic city. We ask ourselves what is it that we have that brings investors from all over the world. We have compiled a list of...

West Michigan Attracting Real Estate Investors From All Over

What is going on with the West Michigan real estate market? A better question would be, what is not going on in West Michigan? Let's look at this from a property management perspective. Compass Property Management was only founded in 2007, on a little card table in a...

Do I Really Need a Professional Property Manager?

There are times in life when everyone needs to hire something out. You lack either the time or skills (or both) to be able to complete a task and begin lo0king for someone who does. Often these choices are obvious. If you don’t know a socket from a driver you’ll be...

The Home Sale: Securing the Deal

Ready to close the deal on your home sale? Maybe not. Sometimes unforeseeable issues arise just prior to closing the sale. Hopefully, with negotiation, most of these have a workable solution. Unfortunately, this is not always the case. But don’t panic. Another buyer...

Comparative Market Analysis: Do you need one to sell your home?

CMA is real estate shorthand for comparative market analysis.  A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace. The first thing an agent will need to do to provide you with a CMA is to...

Traversing the Pitfalls of Home Inspections

June and Fred Smith were diligent about getting their home ready for sale. They ordered a pre-sale termite inspection report. The report revealed that their large rear deck was dry-rot infested, so they replaced it before putting their home on the market. The Smiths...

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