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

Articles

DuPage County Housing Market Report

May 24, 2022

About DuPage County, ILDuPage County, IL has 4,815 homes on the market. The inventory of homes for sale in DuPage County, IL between March 2022 and April 2022 increased by 11.3%. In April 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate ...

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Contract cancellation and return of earnest money

May 21, 2022

If it is ever necessary to cancel a HUD transaction (contract) it is important to know how to do it and what is the likelihood of having the earnest money returned. The answer depends on whether you are an owner occupant or an investor. Owner occupants will receive their earnest money returned where they must cancel a contract due ...

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DocuSign Offers with HUD

May 20, 2022

DocuSign Offers with HUDOnce a Realtor knows that they have a Verbally Accepted Offer, based upon the information that they uploaded, they just assume that the DocuSign offer will be coming their way within the hour.First, the Selling Agent must upload the necessary documents that HUD requests into Hudhomestore.com, including the Bank Preapproval Letter or Verification of ...

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695 Conrad St Kalamazoo MI 49048 HUD HOME OPEN HOUSE

May 18, 2022

OPEN HOUSE SUNDAY 5/22/22 2-3 PM 695 Conrad St Kalamazoo MI 49048 This is a 3 bedroom 1 bath ranch style home. It sits on a .23 acre corner lot. It features a nicely fenced yard with a storage shed. Property is owned by the US Dept. of HUD Case #263-623863 Insurability Code is IE (insured) Hud homes are ...

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Hidden Fees To Be Aware of When Purchasing A Home

May 16, 2022

Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don't forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you begin to budget.Home inspection. This is a crucial ...

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Chicago Housing Market: Prices | Trends | Forecasts 2022

May 16, 2022

We'll discuss the latest trends and projections for the Chicago housing market. Prices are expected to continue to increase through the rest of the year while the number of sales is expected to decrease. In February 2022, median prices rose in both Illinois and Chicago PMSA. Homes in Illinois sold at a rapid pace as inventory remained low ...

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Investor Series – Evaluating a property to flip for profit

May 15, 2022

This is one of many articles we will be writing regarding investing in Real Estate.  Today we’ll be looking at evaluating a distressed property for resale profit potential.   Traditionally, we call these “flips” in Real Estate terms.  Just a property you intend to purchase and sell quickly for profit after repairing.Flips are ...

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Does The Municipality of Your Future Home Require An Inspection?

May 15, 2022

So you're closing date is just a few days away. You're all packed up and ready to move. Your lender has issued a clear to close and you're all set to go. What could possibly go wrong? Then you get a call from your agent and they tell you that the seller has not completed the ...

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ARE WE IN A HOUSING BUBBLE?

May 15, 2022

Historically speaking, the ongoing housing boom is an anomaly. Over the past two years, U.S. home prices have soared 34.4%—including 19.8% over the past 12 months. For perspective, home prices have risen on average 4.6% per year since 1987.PAID CONTENTWhy operating sustainably is imperative for businessFROM ZURICH NORTH AMERICAWhile the hot ...

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City may have a buyer - again - for historic Hayes Hotel building

May 13, 2022

 City may have a buyer - again - for historic Hayes Hotel buildingUpdated: Apr. 04, 2022, 4:46 p.m. | Published: Apr. 04, 2022, 11:05 a.m.By Chloe Miller | cmiller@mlive.comJACKSON, MI – A proposal to sell the historic Hayes Hotel building downtown is expected to go before the Jackson City Council this week.J. Jeffers ...

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Home Price Increases slowing down?

May 13, 2022

Some good information from Mutual Mortgage!!!Are Home Price Increases About to Slow Down? Home prices have spiked over the past year. The most recent S&P Case-Shiller Home Price indices, for example, shows, in the 12 months ending in February, prices rose at the third fastest pace in the 35 years they've been tracking them. S&...

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Garage Organizing Tips

May 13, 2022

Lets organize that garage! Spring is a great time to clean out and reorganize that garage.  Here are a few tips and organizing hacks for everything from sports equipment to tools.Bikes, Skates, and Other Wheels#1 Hoist bicycles to the rafters with a rope-and-pulley system (about $42) that makes it easy to raise the bike and lock it ...

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Extremely Delinquent Mortgagors Struggling to Recover

May 13, 2022

Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic.  In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency.  This is defined as being at ...

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Extremely Delinquent Mortgagors Struggling to Recover

May 13, 2022

Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic.  In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency.  This is defined as being at ...

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Real estate expert on whether home prices could come down amid Fed rate hikes

May 12, 2022

By Talia Kaplan FOXBusinessFirst American Financial Corporation chief economist Mark Fleming discussed where he believes home prices are going amid expected rate hikes from the Federal Reserve as a way to tame surging inflation. Fleming, who leads an economics team responsible for analyzing and forecasting trends in the real estate and mortgage markets, weighed in on current mortgage ...

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Case Study: Preservation and Maintenance Services

May 12, 2022

Client: Local Community BankThe ChallengeDid you ever watch one of those home improvement shows where the owner or investor finds out the worst possible scenario becomes their reality? Parkvue Realty had one of those “DUN-DUN-DUUUN” moments when when we gained access to a newly assigned property and discovered that due to recent extremely cold temperatures, a frozen pipe ...

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SPRING CLEANING FOR SELLING A HOME!

May 11, 2022

Spring has sprung and that means more would-be homebuyers emerging from winter hibernation. Here are four “spring cleaning” steps your clients can take before listing their home that can help make the process easier.1. Research the local housing market--You should understand  home’s value and compare it to other listings near you. 2. Find a agent--Encourageselelr'...

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Mistakes new homeowners make

May 11, 2022

Making Improvements Without Checking the ROIJust because you might personally value an upgrade doesn't mean the market will. "It's easy to build yourself out of your neighborhood" and invest more than you can recoup at resale, says Linda Sowell, a REALTOR® in Memphis, Tenn.What to do: Before you pick up a sledgehammer, check with an ...

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Curb Appeal

May 10, 2022

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Carving Out Your Home Office Space

May 10, 2022

When COVID-19 emerged, a lot of employers realized the advantage of allowing at least some employees to work from home. Not only can it act as a benefit for employees, but it can also help to reduce the cost of stocking and maintaining a physical office space. As a result, the number of people working in home offices has ...

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7 Things Every Buyer Should Know in This Market

May 09, 2022

The real estate market is on fire right now. More than 80% of Americans ages 18–34 said now was a bad time to buy a home, and the median home-sale price reached a record high of $365,000 in January. That’s a 28% increase from January 2019! The inventory simply hasn’t kept up with buyer demand. ...

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McHenry County, IL Housing Market and Trends

May 09, 2022

McHenry County, IL Housing Market In March 2022, McHenry County home prices were up 10.8% compared to last year, selling for a median price of $277K. On average, homes in McHenry County sell after 49 days on the market compared to 10 days last year. There were 414 homes sold in March this year, down from 483 last ...

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How to Prepare Your House for Sale

May 06, 2022

How to Prepare Your House for Sale - Little things can make a big differencehttps://www.thebalance.com/how-to-prepare-your-house-for-sale-1799018Every seller wants their home to sell quickly and for a large profit, but it takes more than luck to make that happen. It involves careful planning and knowing how to professionally prepare your home to convince buyers to pull out their checkbooks....

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Home Prices on the Rise, As Well as Home Appreciation!

May 05, 2022

Home Prices on the Rise,As Well as Home Appreciation In housing news, New Home Sales, which measures signed contracts on new homes, were down 8.6% in March to a 763,000 annualized pace, which was in line with expectations. The report is stronger than it appears as there was an 8% positive revision to the previous month. ...

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Get Ready for Spring!

May 03, 2022

Spring is here! The snow is gone here in Michigan (hopefully) and it is time to get your house ready for Summer. Here are some tips for maintaining your home and getting ready for the Summer season...1. Test your smoke and carbon monoxide detectors and change the batteries.2. Change your furnace filter.3. Check roof for any ...

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