Everything a First Time Buyer Should Know
July 06, 2023
Buying your first home can be an exciting and intimidating experience all at the same time. It’s a major milestone in anyone’s life, but it can be daunting to navigate the complex world of real estate and mortgages. Fear not, though! With a little bit of knowledge, you can confidently navigate the home buying process and make ...
Home Prices Continue to Rise Despite Sales Slowdown
July 05, 2023
Low housing supply continues to push up home prices, and eager buyers are showing willingness to pay more. The median existing-home price for all housing types in August reached $407,100 nationwide, a nearly 4% increase compared to a year earlier, the National Association of REALTORS® reported Thursday. This also marks the third consecutive month for median sales ...
REO Specialists Llc Kalamazoo MI Real Estate Broker Earns the Certified Probate Specialist Designation
June 30, 2023
KALAMAZOO, Mich. - June 23, 2023 - PRLog -- Kalamazoo Michigan – REO Specialists Llc, a leading provider of exceptional real estate services in Kalamazoo Michigan, is proud to announce that their Principal Real Estate Broker, Richard Stewart, has successfully completed the rigorous training and certification program to become a Certified Probate Specialist (CPRES). This prestigious designation highlights ...
Creating a search request for a property
June 21, 2023
If for some reason, a property is no showing it is no longer available, there is a way to be notified if and when it comes back to market. This property may have an accepted contract, or it may have been removed a title related matter or another reason. You can be notified via email direct from HUD when ...
Choosing Better Paint Colors
June 19, 2023
Painting can be a great way to customize your house and make it into a home. Whether you’re just adding a splash of color or redoing entire rooms to match your favorites, a fresh coat of paint is a great way to take a home that you bought and really make it yours. Unfortunately, not everyone is great ...
Exclusive 30 Day Period for Owner-Occupant Buyers
June 17, 2023
The Federal Housijng Administration is offering a exclusive look at foreclosed properties to owner - occupied buyers, goverment agencies, and HUD- approved nonprofits. The 30-day exclusive period will give buyers an opportunity to bid on foreclosed properties before investors. This also gives buyers more time to secure financing for the sale.This policy change is critical as the ...
Want to buy a home? It'll cost you $1,030 a month more than renting
June 16, 2023
The premium for buying a home is now 17% higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting.In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the ...
12 WAYS TO GET YOUR OFFER ACCEPTED
June 16, 2023
12 WAYS TO GET YOUR OFFER ACCEPTED IN THIS CRAZY MARKET 1. Higher Earnest Money Deposits – Increase after contingency removal.2. Clean Offers – Conventional mortgage, down payment, not “subject to”.3. Include Pre-Approval letter from a local lender!4. Communicate with Listing Agent – What are the seller’s needs?5. Honor appliances and chattel property ...
Investor Series – Short Term Investments vs. Long Term Investments
June 15, 2023
This is another installment of our investor series articles. Today we are going to look at short term investments vs. long term investments in the Real Estate sector.Some things to consider when thinking about short term vs. long term investments:Time horizon: Short-term investments are typically held for less than a year, while long-term investments are held ...
With this market...Should I wait to buy a home?
June 15, 2023
Buying a home can have several advantages over renting, making it a preferable option for many individuals. Here are some reasons why buying is often considered better than renting:Investment and Equity: When you buy a property, you are investing in an asset that has the potential to appreciate over time. As you make mortgage payments, you build equity, essentially ...
Homebuyer Needs and Interest Rate Fluctuations
June 15, 2023
Clearly, the topic about interest rates for mortgages is not going away any time soon. Even though the Feds are holding steady at the rate as the date of this article, will it continue to rise and at what rate and how often is anyone’s guess. However, the acceptance of the ever changing interest rate could eventually ...
Today's Fed Meeting
June 15, 2023
The Federal Reserve's policy committee chose to skip a rate hike at today's meeting, halting a series of 10 increases that stretches back to March 2022.A breather—simply keeping rates where they are—gives the central bank more time to monitor the effects of its fight against inflation.The central bank also signaled it may need ...
Curb Appeal is Important For the Back of Your HOme too
June 15, 2023
With grilling season upon us back yard space and appeal is an important assett to a home too. Make your outdoor space an extension of your home. Make sure your deck is clean and freshly stained. Adding an outdoor rug can really set apart a space and make is feel like a "room". Add ...
Being Prepared For Summer Storms
June 15, 2023
Summer brings beautiful weather and lots of fun outdoor activities. With this comes the threat of bad weather. Here are a few tips for new homeowners and a reminder for the seasoned homeowner, to be prepared for the summer storms that can pop up out of nowhere.It’s essential to implement all storm safety tips before ...
9 Tips for Homebuyers!
June 15, 2023
9 Tips for Homebuyers!1) Work on improving our credit score.2) Chose your agent carefully.3) Be patient.4) Shop around for a loan.5) Don't ignore your agents advice.6) Understand the local market.7) Opt for a smaller home than planned, if necessary.8) Negotiate, negotiate, negotiate. 9) Figure out your home buying timeline....
Helpful Home Buying Tips for the Current Market
June 14, 2023
Don’t avoid homeownership It’s a good time to buy a house, even if the mortgage loan will cost you a little bit more.There are some experts who fear a ...
Tour 9 Gardens at McHenry County Master Gardeners Walk
June 14, 2023
Join the University of Illinois Extension McHenry County Master Gardeners for Garden Walk 2023 from 9 a.m. to 4 p.m. Saturday, July 8, starting at the outdoor Demonstration Garden at McHenry County College, 8900 Route 14, Crystal Lake.Attendees of the annual event presented by the University of Illinois Extension and McHenry County College will experience some ...
Posted on: June 13, 2023 New houses taking shape on vacant lots across Jackson
June 13, 2023
Posted on: June 13, 2023 Hundreds of new homes are set to be built in Jackson in the coming years, and the Powell-Lepards will be the first family to move in. “It’s exciting. I think it’s going to be a great thing for the City and families like ours,” said Kristin Powell-Lepard. The family, who ...
New Study on Housing Shortage
June 13, 2023
According to a recent study completed by NAR and realtor.com there is a shortage of more than 300,000 homes in the pricing point the middle-income buyers can afford. The current housing market is short about 300,000 homes in the listing price range up to 256K which according to Housing Affordability & Supply report is considered the ...
10 Kitchen Cabinet Makeover Ideas. Economic Way to add Value to your Home
June 09, 2023
https://www.thisoldhouse.com/kitchens/21017763/10-ways-to-update-kitchen-cabinetsOur favorite how-to guides to help inspire your next kitchen cabinet makeover without replacing your existing cabinets while staying within budget.How can I update my kitchen cabinets without replacing them?If you’re looking to reface, refurbish, or refresh your kitchen cabinets without a major overhaul, this list is for you. We’ve rounded up 10 ...
Challenges of Selling and Buying at the same time
June 09, 2023
Selling your home and buying a new one at the same time can be an exciting and stressful experience. While it's possible to sell your home and use that sale to purchase another house, it's also a challenging task that requires careful planning and execution. In this blog, we'll explore the challenges of selling and buying ...
What is a LOMA-You May Want One
June 08, 2023
Buying a HUD Property Number 5by Tom Nelson HUD Licensed Listing Broker (LLB) Leave Me A LOMAThis is just a play on words (leave me alone). But a LOMA is something of great value-especially if you are buying a HUD home with a ‘F’ code.HUD properties have a number of codes LBP (Lead Based Paint), ...
Mortgage Demand Falls as Lending Rates Remain Elevated
June 07, 2023
By Aarthi SwaminathanJun 7, 2023The numbers: Stubbornly high mortgage rates and a scarcity of inventory are stalling the housing market.As homeowners sit on properties, finding little incentive to sell and give up an ultralow mortgage rate, current loan rates remain elevated, adding hundreds of dollars in extra costs for buyers.The average 30-year mortgage rate was 6.81% ...
BIDEN-HARRIS ADMINISTRATION’S PAVE TASK FORCE ANNOUNCES NEW ACTIONS TO ADDRESS APPRAISAL BIAS
June 06, 2023
HUD No. 23-107HUD Public Affairs(202) 708-0685FOR RELEASEThursdayJune 1, 2023WASHINGTON - Today, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), co-chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and White House Domestic Policy Advisor Neera Tanden, announced a set of meaningful actions to deliver on the PAVE Action Plan and ...
Consumers Beware: Zombie Mortgages Are on the Rise
June 06, 2023
Key pointsZombie mortgages are dormant, delinquent second mortgages that many homeowners assumed were discharged in loan modifications years ago.However, these were often bought by debt collectors, and we're starting to see a resurgence in collection activity.The CFPB warns that these collection activities might be illegal, and consumers should know their rights.Check out our picks for ...
