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

Articles

Understanding HUD Counter Offers

September 21, 2021

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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Questions to ask your lender when financing a HUD Home

September 20, 2021

Questions to ask the Lender when financing your HUD Home.Not all Lenders understand how to finance a HUD Home.  When the Lenders are not experienced, it can cost you time and or money, and ultimately, your dream home.  Here is a list of questions that you should ask your lender, before moving forward with them as ...

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Case Study: Occupant Negotiation and Relocation

September 16, 2021

Case Study: Occupant Negotiation and Relocation Client: Local Community Bank The ChallengeIt is an unfortunate reality, but rental scams are on the rise. In this situation, the scammers took advantage of a vulnerable family with special needs. The tenants were moved into a property illegally unbeknownst to them. To make matters worse, the property was under contract ...

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Report: Best Time to Buy Is Now

September 16, 2021

September 13, 2021Between Sept. 12 and Oct. 17, the majority of housing markets nationwide will reach their “sweet spot” with a higher number of homes for sale, lower prices, and less buyer competition compared with the average week of the year, according to realtor.com®’s Best Time to Buy Report. This week kicks off the best ...

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5 WAYS TO MAKE YOUR PET DOG MORE COMFORTABLE WHEN MOVING

September 16, 2021

5 WAYS TO MAKE YOUR PET DOG MORE COMFORTABLE WHEN MOVING...

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FORECLOSURES

September 16, 2021

An estimated 1.75 million homeowners — roughly 3.5% of all homes — are in some sort of forbearance plan with their bank, according to the Mortgage Bankers Association. By comparison, about 10 million homeowners lost their homes to foreclosure after the housing bubble burst in 2008.WILL THOSE 1.75 MILLION HOMEOWNERS LOSE THEIR HOMES IMMEDIATELY?Not ...

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10 BENEFITS OF SELLING BY AUTIONS!!!

September 16, 2021

10 BENEFITS OF SELLING BY AUTIONS!!!1. eliminates prolonged negotiations.2. creates a sense of urgency amongst buyers.3. exposes property to targeted potential buyers.4 sells property within a relatively short period of time.5. assures property will be sold at true market value.6. seller establishes the terms of the sale prior to the auction.7. the ...

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Selling HUD Homes

September 16, 2021

When working with a potential buyer and they decide to purchase a HUD HOME it is key to remember that they are SOLD "AS-IS".  Many of the homes have been neglected prior to HUD obtaining and preserving them in the state they are.  As Agents it's imperative to review any and all documents associated to ...

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More Listings Expected to Enter the Market

September 16, 2021

We have seen price appreciation the past 2 years in the double digits.  A major reason for this is the shortable of available listings, and it's the reason why many buyers are frustrated by bidding wars in their search for a home.But we are seeing signs of relief.  Active listings have gone up over the ...

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10 Reasons To Hire A Real Estate Broker

September 15, 2021

10 Reasons to Hire a Real Estate Broker1. Real estate agents can help price your home to sell.Generally, as the seller, your primary goal is to sell your home as quickly as possible at the best price, so you can move on to your next place. However, a significant factor in making a quick sale is ensuring your ...

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Buying Vs. Renting Your home

September 15, 2021

Is now the right time for you to buy a home? You have many options to consider and choices to make. Buying a home is a big responsibility, financially and emotionally, but, most people want to own a home. Homeownership often is referred to as "The American Dream." Why is it so special? Among the reasons: Real ...

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UPDATED! 9 home financing programs to help buyers get into a home

September 15, 2021

 Homebuyers often think they need 20 percent or more for a down payment, but the actual amount is often far lower and there are a variety of down payment assistance and mortgage financing programs available to make buying a home more affordable. If you are wondering how much home you can afford, this mortgage loan resources page offers ...

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Lender needs to know it is a HUD owned home

September 15, 2021

Few examples of why this is important:1.  Is the loan the buyer is applying for require utilities to be turned on?  If yes, are there plumbing challenges that will prevent this loan type.  Is it possible they can switch to a FHA 203K or another loan that won't require utilities to be turned on?2....

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Fall Maintenance Checklist

September 14, 2021

When the last of summer's heat is becoming a memory, and you start pulling out hoodies more than your shorts, it's time to take on a few simple chores that'll make winter more pleasant and avoid any surprises in the spring.This fall checklist helps:Stow your mower – make sure to clean the blades and inside ...

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Just Don't Do It!

September 14, 2021

Giving direct home access to customers… This is an unacceptable practice that Realtors have been guilty of for years and it unfortunately continues to this day. They may say: “It's a vacant HUD foreclosure so I’ll just give you the combo and you and your brother can just pop in and take a look” This is ...

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Helping Your Clients Choose A Home Warranty: Price Isn’t Everything

September 14, 2021

Among the many decisions that homeowners must make during the homebuying process, choosing a home warranty, whether offered by the seller or purchased by the buyer, is among the many decisions that homebuyers must make. If offered by the seller, the buyer may have some say so in choosing the warranty company, given that some contracts only specify a ...

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5 Tips Home Buyers Must Know when Purchasing a home

September 14, 2021

September 14, 2021 Purchasing  A Home  - 5 Tips Home Buyers Must KnowSave for a Down Payment – this will impact on how much you can afford to borrow for a home.  There are also several home buyer assistance programs available like low-interest loans, forgivable loans, or seller concessions.  Current Debts – in addition to the down ...

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Top 6 things to consider when buying a home

September 14, 2021

 Chose the people you wish to help you carefullyThe professionals you choose to help you will be the difference between a great experience and a stressful one.  Buying a home is a life changing event and one of the most important decisions you’ll make in your life.  Trusting people to help you with this is ...

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How the Moratorium’s End is Affecting Foreclosure Activity

September 13, 2021

Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx. Borrowers across the nation collectively have record levels of home equity, and the sellers' market is ...

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Steps To Purchasing A HUD Home

September 13, 2021

 Thinking of purchasing a HUD Home?  Here are a few key steps to get you started. Get a mortgage pre-approval if you are financing the home.  Speak to your local bank or mortgage broker and let them know you would like to purchase a HUD Home, they will let you know what the best type of ...

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Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

September 13, 2021

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikelyPUBLISHED FRI, SEP 10 20217:00 AM EDTUPDATED FRI, SEP 10 20217:00 AM EDTDiana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICKKEY POINTSThere are still 1.618 million borrowers in forbearance programs, or 3.1% of all outstanding mortgagesSome 98% of those troubled borrowers have at least 10% equity in their homes, not ...

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Buying a Hud Home

September 08, 2021

                         BUYING A HUD OWNED HOMEWe receive many calls from Homebuyers wondering exactly what is a HUD Home and how  they can purchase one.  They want to know how is buying a HUD home ...

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September Is Realtor Safety Month!

September 08, 2021

September Is Realtor Safety Month!...

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Millennials are looking for dream homes, but Michigan’s competitive housing market keeps them out of reach

September 07, 2021

A promotion, a pay raise and a 30th birthday all felt like the right time for St. Clair Shores resident Justin Donoghue to purchase his first home.As he enters his seventh month of house hunting, he’s been outbid five times.“It’s just been really disheartening to fall in love with a home, write my cutesy ...

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Getting ready to start looking?

September 07, 2021

The lack of inventory and rising prices have put a pause on many first time home buyers dreams.  However, now is a great time to start preparing for a changing real estate market. If you are a first time buyer, start getting prepared with obtaining a pre approval for a loan.  This is the founation for ...

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