Warner Senior Counsel Adam Bruski wrote an article for the Grand Rapids Business Journal titled “Buyer Beware in Hot Housing Market.” The article discusses how Michigan is a “sellers’ market” this spring, which is all the more reason for buyers to proceed with caution.
Record low inventories of homes for sale have led to bidding wars between eager buyers. Low inventory and limited selections are leading buyers to forego their “dream home” and take what is available – especially when life events such as a new child or a work relocation make entering today’s market necessary.
In this article, Adam provides insight into what buyers should be mindful of when rushed into making an offer. Also, he urges buyers to carefully review any agreements and contracts up front to minimize fraudulent activity and disputes after a sale.
To read the full Grand Rapids Business Journal article, click here.
Adam Bruski is a senior counsel at Warner and concentrates his practice in real estate and litigation. To learn more about Adam’s practice, click here.