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

HUD Articles

7 Principles for Homebuying Success

June 07, 2024

Following these 7 principles will improve the homebuying experience. 1. Accept that no house is ever perfect.The yard may be smaller than you had hoped. The kitchen may be imperfect. The roof may need repair. But if the home is in the right location and fulfills your shelter needs, don't immediately discount it. Make a list ...

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"Zombie" Foreclosures Shrink in Second Quarter

June 07, 2024

‘Zombie’ Foreclosures Shrink in Second QuarterForeclosure activity is down nearly 25% YOY,following a surge that hit after a nationwide Covid moratorium on lenders pursuing delinquent homeowners.Learn How Fair Housing Impacts EveryoneLearn more about fair housing at the Be the Change - Fair Housing and You education session featuring Neil Bridgers on Wednesday, Aug, 21.Participants also ...

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5 WAYS To conserve Water at Home

June 06, 2024

Do you really know how much water you use? Your water footprint may reveal some surprises. Save the environment and your wallet with these five home improvement projects and lifestyle modifications to reduce water usage in your household.Repair Leaks PromptlyAccording to the Environmental Protection Agency (EPA), leaky faucets and pipes in the average household can result in a ...

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The Emotional Benefits of Homeownership: Beyond the Brick and Mortar

June 04, 2024

Owning a home transcends mere property ownership; it encapsulates a profound sense of satisfaction, stability, community, and the liberty to craft one's sanctuary. Beyond the financial investment, homeownership offers a plethora of emotional rewards that enrich lives and foster personal well-being.(1)  Satisfaction:There's an unparalleled sense of accomplishment in owning a home. It's more than just ...

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Better weather brings more buyers

June 04, 2024

Spring and summer usually brings more buyers into the market.  School is out, and maybe schools will be switched.Families want to settle in to their new home and get adjusted before the start of school.  also, lets be honest, who wants to look at houses during a blizzard or ice storm?  The days are longer ...

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Ask Richard Stewart: Can you Secure a Mortgage After Foreclosure?

June 02, 2024

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SELLER TIP

May 29, 2024

The current market is still a Seller's market with low inventory.  Do you want to be a head of those competing listings?  Consider having a Home Inspection prior to listing.  This way you can repair anything that is noted, save time negotiating what the Buyer thinks is wrong with your home, and give the Buyer ...

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### The Impact of Staging vs. Not Staging in Real Estate: A Comparative Analysis

May 28, 2024

 ### The Impact of Staging vs. Not Staging in Real Estate: A Comparative AnalysisWhen it comes to selling a home, first impressions are paramount. This is where the art of staging comes into play. Staging is the process of strategically arranging furniture and decor to highlight a home's best features, making it more appealing to potential buyers. ...

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HUD Counter-Offers ~ an explanation

May 28, 2024

This note will clarify, HUD’s “counter offer” to a bid.  In this process, HUD informs you of the “net” required and give you a chance (but not an exclusive one) to make a new offer along with any other bidders.  This is not the same as traditional real estate, as HUD is accepting other ...

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I have a friend in real estate

May 26, 2024

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Current MI Mortgage Rates

May 23, 2024

Current Mortgage RatesThe average APR for the benchmark 30-year fixed-rate mortgage rose to 7.46% today from 7.44% yesterday. Last week, the 30-year fixed APR was 7.37%. Meanwhile, the average APR on a 15-year fixed mortgage sits at 6.76%. At this same time last week, the 15-year fixed-rate mortgage APR was at 6.57%. And the ...

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VACANT PROPERTY TIPS FOR SUMMER!

May 22, 2024

Summer is upon us in Michigan! Here are some tips for maintaining vacant properties during the summer months...-Keep the lawn manicured for curb appeal and to avoid fines from the city or township-BUZZZZ Watch for bees nests near entry points to keep buyers and agents safe- Run a dehumidifier in homes without Air Conditioning to avoid mold and ...

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Common Buyer Mistakes

May 18, 2024

#1. Wating too long to engage with a buyer's agent- Most seasoned homeowners understand that it benefits them to work with a buyer’s agent during their search, but many prospective purchasers don’t engage with one soon enough in the process. The purchase process starts before getting out and looking at a property.  Offers need to ...

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Will Mortgage Rates go down in 2024

May 16, 2024

Mortgage rates are expected to decline later this year as the U.S. economy weakens, inflation cools and the Federal Reserve cuts interest rates. But until the Fed sees evidence of slowing economic growth, interest rates will stay higher for longer.The 30-year fixed mortgage rate is expected to fall to the mid-6% range through the end of 2024, ...

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U.S. Foreclosure Activity Continues to See an Annual Increase

May 16, 2024

ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago....

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What is a Furnace Tune-Up?

May 15, 2024

What is a Furnace Tune-Up?Some HVAC pros prefer to call it routine maintenance.  Whatever you call a tune-up, it keeps your furnace in top shape and saves you money.Similar to your car or other gasoline-powered equipment, a periodic tune-up is needed. Carburetors can fall out of adjustment and burn too much fuel, stall because they aren’...

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Home Price Appreciation Continues In 2024

May 15, 2024

The Federal Housing Finance Agency published the 2023 Q4 Housing Price Index report and national data shows home prices rose 6.5% between the fourth quarter of 2022 and the fourth quarter of 2023. House prices were up 1.5% compared to the third quarter of 2023.Nationally, the U.S. housing market has experienced positive annual appreciation each ...

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Navigating the Maze of Homeowners Insurance

May 15, 2024

Home Owner's Insurance is a big part of purchasing a home.  Finding the right coverage can seem daunting, but this seemingly complex task can be tackled with a little know-how. Here's your roadmap to becoming a homeowner's insurance hero:Know Your Coverage:Dwelling Coverage: This is the big one, covering the cost to rebuild your home if ...

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Successfully Selling HUD Homes Seminar 5/15/24

May 14, 2024

We are holding a Successfully Selling HUD Homes Seminar tomorrow, 5/15/24 at NOCBOR, (4400 W. Walton Blvd. Waterford, MI) We have a few seats left if you know an agent who might benefit from this please have them attend - RSVP  https://www.eventbrite.com/e/2024-successfully-selling-hud-homes-seminar-tickets-885644856607?aff=oddtdtcreatorEvduza Ramaj, Inside Realty...

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Tips for Younger Home Buyers: Making Your First Home Purchase a Reality

May 13, 2024

For many younger individuals, the dream of owning a home can feel out of reach. However, with the right approach and some strategic planning, buying a home can be within your grasp. Here are some tips to help you navigate the home buying process:1. Explore Down Payment OptionsOne of the biggest barriers to buying a home is the down ...

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Spring Has Sprung! 5 Easy Tips to Spruce Up Your Home and Keep Pests Away!

May 12, 2024

https://bugyman.com/spring-has-sprung-5-easy-tips-to-spruce-up-your-home-and-keep-pests-away/Spring Has Sprung! 5 Easy Tips to Spruce Up Your Home and Keep Pests Away!Deep Clean Your Kitchen: Start by thoroughly cleaning your kitchen, including behind and under appliances, inside cabinets, and pantry shelves. Crumbs and food residue attract pests like ants, cockroaches, and rodents. Use a mixture of water and vinegar to wipe down surfaces, as ...

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Traffic shift south of Lansing begins Tuesday on US 127 between I-96 and I-496

May 11, 2024

Traffic shift south of Lansing begins Tuesday on US 127 between I-96 and I-496Ken PalmerLansing State JournalMarch 19th, 2024LANSING — Tuesday is the day all traffic will shift to the southbound side of U.S. 127 as part of the ongoing rebuild of the freeway between Interstates 96 and 496, the Michigan Department of Transportation said.That process was ...

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How much do homes in McHenry County, IL cost?

May 10, 2024

Median Sold Price Compared To Nearby CountiesCOUNTYAPR 2023APR 2024CHANGEBoone County$213K$240K+12.7%Kane County$309.5K$341K+10.2%Lake County$328.6K$356K+8.3%McHenry County$299.8K$323.3K+7.8%Kenosha County$260K$275K+5.7%...

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US home prices rise in 93% of all housing markets in Q1, NAR says

May 09, 2024

US home prices rise in 93% of all housing markets in Q1, NAR saysLow inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on WednesdayAhmet Sali / UnsplashBY LILLIAN DICKERSONMay 08, 2024SHAREAt Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will ...

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American Families Are Typically Spending 24.2% of Their Income on Mortgage Payments

May 09, 2024

By Keith GriffithMay 8, 2024The average family spent nearly a quarter of their income on mortgage payments during the first three months of this year, according to a new report.The monthly mortgage payment on a typical existing single-family home with a 20% down payment was $2,037 in the first quarter, the National Association of Realtors® said in ...

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