K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

HUD Articles

Investor Series – What is BRRRR?

March 15, 2022

Its cold out there campers!!  This is a continuing series about investor terms in Real Estate and what they mean.   BRRRR is a common concept in the investor tool box when it comes to Real Estate.  Besides something you might say when its cold out, it’s actually an acronym for something very different.  ...

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Paint Color Trends on Radar for 2022

March 15, 2022

The new year is the perfect time to consider a home refresh. But if a gut renovation isn't part of your plans, giving your space a new look with a fresh coat of paint is the next best thing. Cover all four walls with calming blues or neutrals, or go for an arresting accent color — think ...

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Spring Home Maintenance Tips!

March 15, 2022

As we head into Spring and the sun starts shinning longer and the ground starts to thaw, I’ve prepared tips to make sure your home is ready!Look at your roof shingles – Ensure you don’t have any missing or loose shingles.  Any that are cracked or buckled need to be replaced.  Make sure to ...

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New First Time Homebuyer Savings Program for Michigan

March 15, 2022

Michigan Realtors and Legislatures have been working on a program to help Michigan residence purchase homes in the state by introducing a tax deferred savings program, for a long time.This new law just signed by Governor Whitmer creates a tax-free savings account for a first-time home purchase in Michigan. This tool will help retain talent and grow our ...

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The Chicago real estate market: Stats and trends for 2022

March 15, 2022

The Chicago real estate market is hotter than ever, with prices skyrocketing due to inventory shortages and the high cost of new construction. As The Real Deal reports, even buyers with medium-incomes often lose in bidding wars in less expensive areas like Garfield Park and Humboldt Park, and are more likely to stay in rentals.Inventory is down to ...

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Don't Let Inflation 'Inflate' Your Idea of Your Home's Value

March 15, 2022

Many financial minds and experts have much to say about inflation and it's effect on real estate.  It would certainly make sense that if the price of everything else is going up, why wouldn't one's most precious asset-their home-also go up in price (if they're selling) and perhaps value as well? The answer ...

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Foreclosure starts increase monthly in 40 states

March 14, 2022

Foreclosure starts increase monthly in 40 states including the District of ColombiaLenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.Those states that saw the greatest numbers of foreclosures starts in February 2022 included: California (1,868 foreclosure starts); Florida (1,...

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Exterior Spring Home Maintenance

March 14, 2022

Exterior Spring Home MaintenanceTake a Look at the Roof. ...Clean the Gutters. ...Inspect the Concrete. ...Run Outside Faucets. ...Give Your AC Some Attention. ...Check Out the Deck. ...Repair and Reseal Woodwork. ...Run the Sprinklers....

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Case Study: Property Management

March 14, 2022

Client: Local Community BankThe ChallengeA lender took back a 2-flat property through deed-in-lieu of foreclosure that was occupied by section 8 tenants. The rents were in abatement with the Chicago Housing Authority due to failed property inspections.The SolutionParkvue Realty stepped in as the interim property manager and was able to transfer the property under our management with ...

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Your Home Can Help Make Your Money Go Further

March 14, 2022

Inflation has generated a lot of attention lately as the prices ofgoods and services have risen faster than they normally do.Housing can be one way to hedge against inflation, helpingreduce the impact it has on your purchasing power.If you buy, a fixed-rate mortgage means your monthly principaland interest payment won’t keep going up like rent will....

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Don't Overlook Home Safety Checks

March 14, 2022

Home safety checks should not be overlooked.  With the season changing it is a good time to run a safety check in your home.Smoke detectors and carbon monoxide detecters are a good place to start. Not only check your batteries but clean the detectors off.  Built up dust can affect the way they work.If you ...

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An aspiring homeowner's guide to Real Estate Terms

March 11, 2022

An aspiring homeowner's guide to Real Estate Termshttps://www.roomvu.com/agent/richard-stewart?video=aspiring-guide-terms&share=true Presented by Richard Stewart REO Specialists llc Kalamazoo MI 269-345-7000...

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Foreclosures-A-Poppin!

March 11, 2022

Foreclosures-A-Poppin’: The February U.S. Foreclosure Market Report published by ATTOM found 25,833 properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during February, an 11% increase from January and a 129% hemorrhage from one year earlier.Rick Sharga, executive vice president at RealtyTrac, cautioned that the dramatic increase from one year ago ...

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Preparing to Buy Spring 2022

March 11, 2022

Preparing to Buy During the Spring 2022 Homebuying SeasonIn the coming months, mortgage rates and home prices are forecasted to rise. This will cut into your buying power, so it’s important to begin preparing financially as far in advance as possible. Building your credit score can help you qualify for a lower mortgage rate. You’ll want to ...

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HOW TO MAKE YOUR YARD READY FOR SPRING

March 10, 2022

https://frador.com/how-to-make-your-yard-ready-for-spring/Spring has sprung! Do you have spring fever watching the snow melt and seeing your yard emerge? It doesn’t look like the yard you remember, does it? The grass is brown and matted down, debris is everywhere and plants may be damaged from the harsh winter. Luckily, this depressing sight of spring can be changed. Now is ...

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What Buyers Are Looking For In 2022

March 09, 2022

Selling your home in 2022 is an excellent idea as property values are expected to continue to increase after a record 2021. If you’ve been thinking to yourself, “I should sell my home,” but you’re not entirely sure what buyers are looking for in 2022, you’re in the right place. In this post, we’...

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More Americans Fear Even Higher Rental Costs

March 09, 2022

More Americans Fear Even Higher Rental CostsRents have been climbing higher and higher, and Americans have felt it in their wallets. A record number of Americans say they expect rents will rise even more over the next year as well, according to a newly released Fannie Mae survey.Sixty-nine percent of respondents said rental prices will rise. Consumers expect ...

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Palatine approves 6-home subdivision, for the second time.

March 08, 2022

Five years after initial approval, a plan for a new small subdivision in Palatine is back on track.The Carraig subdivision is slated to have six single-family homes at 274 and 286 W. Michigan Ave. The 2.75-acre property currently is divided into two lots.The new subdivision will be between two existing subdivisions: Arcadia and Arcadia West.The ...

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Showing Agent Reminders and Responsibilities

March 08, 2022

Showing Agent Reminders and ResponsibilitiesWhen you show a home, you are taking on a great deal of responsibility.  You are not just there to be “Vanna White”.     You are expected to be aware of the showing instructions, before you go into the home, and are expected to convey them to the buyer.  ...

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Where House Hunters Can Find Affordability

March 08, 2022

Surging home prices have prompted buyers to max out their budgets and priced out others. Buyers willing to move, however, can find several markets across the country that still offer affordability, housing experts say. Realtor.com® researchers analyzed housing data and 250 of the largest markets nationwide to identify the most affordable in the nation.They found several Midwest ...

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7 Tax Benefits of Owning a Home

March 04, 2022

What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes.You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result ...

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DO YOU LIKE PURPLE??

March 04, 2022

Yes, PURPLE, the color of royalty is now one of the most requested colors by interior decorators.  Julia Buckingham of Julia Buckingham Interiors says:  "It's a jewel tone that is both rich and neutral as a base for bright or more earthy tones."  If you prefer more subtle tones, KHAKI GREEN is also a ...

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Interest Rates are set to rise!

March 03, 2022

Interest rates are set to rise.What exactly does that mean for prospective home buyers?  This is an exceptionally hard time to forecast changes in the market due to the pandemic and its aftermath.  Heres what we do know.  the Fed announced that it would raise interest rates, and this may not be the only raise....

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Migration Patterns

March 03, 2022

During by the pandemic, millions of people moved, primarily driven by the opportunity (and oftentimes, necessity), to work from home. Patterns show that many Americans migrated away from larger cities into small cities and suburbs.Millennials have led the charge in moving. National Association of Realtors identified the top 100 markets most favorable for millennials during the pandemic and ...

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Improve Your Home’s Efficiency With a Garage Door

March 02, 2022

When it comes to improving the energy efficiency of your home, your garage might not be the first place that you think of. If you have an attached garage, though, you may be leaking warm (or cool) air from your home without even realizing it. While there are a few different ways that you can combat this, one of ...

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