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

Articles

Fannie Mae launches rent payment reporting pilot program

September 28, 2022

Effetive Sept. 27, eligible multifamily property owners can share rent payment data through a vendor network to TransUnion, Equifax, and Experian in the renter's credit profile.  "Around 20% of the U.S. population has little to no established credit history. Per Michele Evans, Executive Vice President and Head of Multifamily at Fannie Mae...

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What if there are private inspection problems?

September 26, 2022

What happens if the inspection reveals problems with the home?There’s no such thing as a perfect house, so it’s inevitable the report will uncover things that need to be addressed. Even brand-new homes have a few items requiring repairs, often referred to as a “punch list,” that’s identified in the final walkthrough. If ...

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5 First Time Home Buyer Mistakes

September 26, 2022

5 Common mistakes buyers make when buying their First HomeBuyer a home for the first time can be overwhelming.  With so many steps involved, it’s easy for first-time home buyers to make some mistakes. Not working with a qualified Real Estate Professional:Real Estate agents are experts in handling the home buying process. They provide expert knowledge ...

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Why This Fall is a Great Time to Buy a Home

September 23, 2022

If you have been thinking of buying a house this year but have been intimidated by what you have heard in the news and online about the competition and prices, you may finally breathe a sigh of relief and start shopping for your dream home.  Experts in the industry have been weighing in about the fall real estate ...

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How Personal Touch Still Matters In Buying A Real Estate Property

September 17, 2022

https://medium.com/@LeaxFoundation/how-personal-touch-still-matters-in-buying-a-real-estate-property-d5bb3625b391From online buying to protect, technology has changed the way we buy and sell properties. But even in an increasingly digital age, buyers still value personal connection when it comes to real estate transactions. Millennials — who make up the largest share of homebuyers in the world — were the most likely to use both the internet and ...

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Flood Clean Up Tips

September 16, 2022

When natural disasters hit, the effects are typically much more significant than you might first suspect. Sure, there is the immediate impact and potentially some damage resulting directly from that, but in most cases, there is also a significant amount of clean up and recovery that’s required afterward. This is especially true in instances of flooding where it ...

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Pressure Washing Your Home

September 15, 2022

Pressure WashingAfter several seasons of snow, pollen and fallen leaves, professional pressure washing can remove all that dirt and debris from your home. Your home will look good as new from the outside after a thorough washing of the siding, deck, fences and driveway. Pressure washing also helps to ensure a smoother finish when you’re planning an ...

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Building permit necessary?

September 15, 2022

We have had this question multiple times. Are building permits necessary? Response directly from michigan.gov"Before construction of a building or structure, an owner, or the owner's builder, architect, engineer, or agent, shall submit an application in writing to the appropriate enforcing agency for a building permit. A permit is also required when the use ...

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U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide

September 15, 2022

llinois, Delaware and South Carolina had the Highest Foreclosure Rates; Completed Foreclosures Increase 28 Percent from Last Month...RVINE, Calif. — September 8, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its August 2022 U.S. Foreclosure Market Report, which shows there were a total of 34,501 U....

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Case Study: Personal Property Assessment and Cleanout

September 15, 2022

Client: Family EstateThe ChallengeThe rich history of this family and house started its story in 1955 when a young doctor and nurse got married and purchased a house on the Northside of Chicago. Over the next 65 years the home accumulated with 3 generations of mementos, filling the basement and cluttering the entire house.  While surely there ...

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Investor Series – Projecting cash flow on a Multi Family Property

September 15, 2022

This is one of many articles we will be writing regarding investing in Real Estate.  Today we’ll be looking at Multi Family properties and now to set up a projected cash flow.Multi family properties are named after the number of residential units they contain.   For example, a property that contains 4 residential apartments is ...

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Getting your home ready ahead of the Fall season!

September 14, 2022

The weather is getting cooler and the leaves are falling, which means business is changing for some and home upkeep is changing for all. “This time of year it’s yard cleanup and getting ready for the insulating of windows,”  said Bob Parent Assistant Sales Manager at Rocky’s Ace Hardware in Agawam.As the ...

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Chicago Housing Market: Prices | Trends | Forecasts 2022

September 14, 2022

September 1, 2022 By Marco Santarelli Illinois Housing Market UpdateWe'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. As demand remained robust and mortgage rates climbed, Illinois houses sold faster in May 2022 ...

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Are there fewer Short Sales and Foreclosures in Mchenry County, IL ?

September 14, 2022

The above statistics were compiled based on all detached single family homes listed for sale in Mchenry, Illinois between September 2021 and August 2022. Of the 218 homes that were on the market in Mchenry during August 2022 71.6% never sold. 64.2% are still listed for sale and 7.3% were taken off the market by ...

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Tips for staying on track while buying a house

September 14, 2022

Buying a home is one of the biggest financial decisions you will ever make. It is important to understand the variables that can improve, or even interrupt, the transaction. We’ve created a list of Do’s and Don’ts to follow to keep you on track during the process!Do’sKeep Your Job – Mortgage lenders usually look ...

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What Is a Good Credit Score to Buy a House?

September 12, 2022

By Daniel BortzAug 27, 2022EnvelopeFacebookTwitterLinkedinPinterestIf you’re hoping to buy a home with a conventional mortgage, one number you’ll want to get to know well is your credit score. Also called a credit rating or FICO score (named after the company that created it, the Fair Isaac Corporation), this three-digit number is a numerical representation of your credit ...

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Has the red-hot housing market cooled off? By: McKoy Scribner WLNS-6 Sept. 5, 2022

September 12, 2022

LANSING, Mich. (WLNS) — Soaring prices during the pandemic left some home buyers no other choice but to pay well over asking prices.But one expert is saying that relief is on the way.Broker and Owner for Exit Realty at Home, Heather Driscoll, got her start in real estate about 13 years ago, putting her degrees in interior ...

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NATIONWIDE FORECLOSURE HITS PRE-PANDEMIC LEVELS

September 12, 2022

According to DSNews.com in the month of August 2022 there were a total of 34,501 properties with foreclosure filings, default notices, scheduled auctions or bank repossessions. This is up 14% from the month prior and is up a staggering 118% as compared to the same period a year ago. In the month of August there was an ...

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13 tax Breaks for Homeowners

September 09, 2022

https://www.kiplinger.com/taxes/income-tax/603276/tax-breaks-for-homeowners-and-home-buyers ...

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September housing market

September 09, 2022

Steps to Saving for a Down Payment on a HouseI’m a real estate agent in the Washington DC area where the median home price is about $500,000.  The area is also home to a large number of millennials.  Unfortunately, most millennials have a hard time purchasing homes in the area because of the high prices....

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Michigan State Housing Development Authority

September 09, 2022

MSHDA Your Best Way Home MSHDA’s Homeownership division provides a variety of programs and products for both homebuyers and homeowners. We can help if you’re trying to purchase a home, improve your current property or are facing foreclosure.Whether you are a first-time homebuyer or a seasoned veteran of the housing market, MSHDA has a mortgage product ...

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Buying or Selling in the Next 12 Months: What You Need to Know Today

September 08, 2022

There are many different reasons you might be thinking about selling your home. Perhaps you want to downsize (or upsize), perhaps you want to take advantage of the market, or maybe you need to move to another area of the country for your company. Regardless of the reasons, there are many things to consider before you speak with a ...

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Buyers wish list

September 06, 2022

Are there features that homebuyers dram about having?  You bet there are!  We all know that location and condition are the most important criteria, but after that, what are the features on a buyers dream  wish list?Here they are in order of importance....Laundry Room, Exterior lighting, ceiling fans, energy rated windows, a patio, a side ...

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'Further to fall': Housing downturn will worsen in 2023, Goldman Sachs predicts

September 06, 2022

SALT LAKE CITY — Researchers at the investment banking giant Goldman Sachs predict the U.S. housing market will close out 2022 on a low note, with dramatic drops in home sales and price growth.But it won't stop there. Next year will be worse.Housing market predictions: In a research paper titled "Housing Downturn: Further to ...

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Negotiating and "bargaining chips"

August 31, 2022

Things to tell your seller when it comes to negotiating:As a seller, you can use extras as "bargaining chips".  You may make counteroffers that include appliances and other incentives for the buyer to agree to a higher price. This is a particularly useful strategy when the demand for homes in your neighbourhood is weak and prices are ...

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