Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
April 23, 2023
First-Time Homebuyers Maintain Optimistic Outlook Despite Uncertain EconomyRecent stydy from TD Bank Among those looking to purchase a home for the first time in 2023, 39% believe now is a good time to buy. Many who have begun their process are also showing signs of preparedness with 48% starting to save for a downpayment. Additionally 85% of ...
Case Study: Property Renovation Management
April 18, 2023
Client: Institutional Real Estate Investment FirmThe ChallengeThis bank owned condominium in Chicago was in poor condition and being marketed as-is. After a few weeks on the market it was determined that most buyers did not want to remodel a unit in a building that had a strict homeowners association and that finding contactors willing to do the work ...
Economical Upgrades to Increase Your Home’s Value
April 18, 2023
Whether you are looking to move now or may consider it in the future, there are many affordable options for making significant changes to your home without having to do a major renovation. With low-cost purchases of supplies, DIY instructions or professional guidance, and time set aside, you can make improvements that will increase your home’s resale value, ...
FED RAISES RATES AGAIN
April 17, 2023
The Federal Reserve raised interest rates for the ninth time in a row on Wednesday, opting to continue its campaign against high inflation despite stress in the banking industry following the collapse of two regional banks.Fed policymakers voted unanimously to raise their benchmark interest rate by a quarter percentage point to just under 5%, which will make it ...
Why a Home Inspection
April 17, 2023
If you’re in the market for a new home, you may have come across the term “HUD home.” HUD stands for the U.S. Department of Housing and Urban Development, and a HUD home is a property that has been foreclosed upon and is now owned by the federal government. While HUD homes may offer ...
Open House Eastpointe
April 16, 2023
Take a look at this Eastpointe brick ranch style home which features 3 bedrooms, open floor plan, large living room with picture window, beautiful finished basement with bar and half bath, 2 car detached garage, spacious covered deck over looking fenced back yard! Contact Jasan Hoyt @ 586-805-3785 for more information. ...
Don't Make A Promise of a Later Refi That You Can't Keep
April 16, 2023
As a real estate agent, a basic duty is to look out for the best interests of our clients. We also want our clients to be happy, not just with the purchase they've made, but also with the service that we provide them. Due to the recent trends in home buying, particularly higher interest rates, it ...
Protecting Your Privacy
April 16, 2023
Knowledge is power. The reason you have decided to put your home on the market is the knowledge that can prove quite valuable to a potential buyer. Whether it is a divorce, death, debt, or other reason you need to sell, it is a private matter and the buyer's knowledge of it will reduce your power at the ...
3 Tips for First-Time Home Buyers
April 15, 2023
First-time homeownership is powerful. Your focus could be building generational wealth or creating an investment. 1. Be Sure You’re Ready To Commit To A Loan - The average mortgage loan is 15-30 yearsStart by asking yourself these questions:Am I ready to commit to this home and city for at least 5 years?Do I have an emergency ...
Investor Series – Value Add
April 15, 2023
This is one of many articles we will be writing regarding investing in Real Estate. Today we’ll be looking at something called “Value Add”. What is it? How does it work?Value Add is a common term in the investment lexicon and simply means an opportunity on an investment property to add value to ...
Four Ways You Can Use Your Homes Equity
April 15, 2023
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report ...
Michigan Real Estate News and the Country
April 14, 2023
As in most areas of the county the real estate market has been up and down the last few years with values appreciated in most cities. Per Redfin in Michigan home prices have fallen .06% year-over-year in February 2023. The number of homes that sold also fell by 12.6% and the number of homes for ...
Importance of a Real Estate Review
April 14, 2023
A lot can happen in a year which is why sitting down with your real estate agent annually can be very beneficial whether you are thinking of selling your home or not. Swift housing market changes can happen and news sources and publications can provide too little or too much information, not always relevant to you and your needs. ...
Updating your home to sell... without going broke!
April 14, 2023
If you're looking to sell your home, there are several cost-effective updates you can make to increase its appeal to potential buyers and boost its value. Here are a few of the most effective updates to consider:Paint: A fresh coat of paint can give your home a clean and updated look, and it's relatively inexpensive. Choose neutral ...
Step inside a $1.1M luxury ‘barndominium’ for sale near Ann Arbor Published: Apr. 08, 2023 By Jacob Hamilton MLive
April 14, 2023
WASHTENAW COUNTY, MI -- A Civil War-era barn outside Chelsea has a new life as a luxury “barndominium.”A private circle drive welcomes guests to the mid-19th-century barn which strikes a sleek, contemporary figure with dark siding and large picture windows. The entrance of the five-bedroom, five-bathroom home on 3.25 acres at 20925 Waterloo Road is ...
Getting The Inside Of Your Home Ready For Spring
April 13, 2023
Now that the weather is warmer, we tend to want to think about getting our outdoor spaces ready for spring, but here are a few things that need to be done inside first.1. Replace Old Filters. Filters are never the first thought on anyone’s mind but they do still need to be replaced. Generally, you should ...
Lake County Illinois Real Estate News
April 13, 2023
I found some real estate highlights for Lake County, IL on realtor.com. The median listing home price in Lake County, IL was $350K in February 2023, trending down -2.8% year-over-year. The median listing home price per square foot was $177. The median home sold price was $295K. There are 2,606 homes for sale in Lake County, ...
Home Buyer Tips For Spring!
April 13, 2023
Home Buyer Tips For Spring!1) Know how much you can afford.2) Get Preapproved.3) Set your priorities for what you want in a home.4) Find a Real Estate Agent. ...
There’s Good News and Bad News for Single Women Who Buy a House (But the Bad News Can Be Avoided…)
April 12, 2023
The good news for single women is that they outpace single men in terms of homeownership. According to the National Association of Realtors, as of February 2023, single women were 17% of all homeowners, while only 9% of single men own a home.The bad news is that single women don’t get as good of a return ...
When the Seller Says, ‘Please, Take My Mortgage!’
April 11, 2023
March 30, 2023Marketing, Sales Tips & TechniquesBy: Stacey MoncrieffAn assumable FHA, VA or USDA mortgage adds a nice bow to your marketing package.Key takeaways:A mortgage assumption takes place when the buyer takes over the seller’s existing mortgage at closing in lieu of getting a new loan. Currently, the only loans with a standard qualifying ...
6 Questions to Ask Your Real Estate Agent Before Buying a Home
April 11, 2023
1. Would you buy this house?2. What is the sales history of this house, and how would it affect my offer?3. What contingencies are worth getting—and skipping?4. Are there upcoming condo or homeowners association assessments?5. What’s happening in this neighborhood, and how will that affect home prices?...
31 Spring Home Improvement Projects To Increase Your Home’s Value
April 10, 2023
https://wealthofgeeks.com/spring-home-improvement-projects-that-will-increase-your-homes-value/31 Spring Home Improvement Projects To Increase Your Home’s ValueSpring is a time of renewal, and it certainly extends to the space we now spend most of our time in; our home.Three out of four real estate agents report that home improvement projects are on the rise. With so many people staying put and not looking ...
HUD Commemorates National Fair Housing Month 2023 and the 55th Anniversary of the Signing of the Fair Housing Act
April 07, 2023
HUD No. 23-069HUD Public Affairs(202) 708-0685FOR RELEASEMondayApril 3, 2023WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2023, commemorating 55 years since the Fair Housing Act was signed into law. This year’s Fair Housing Month theme, Choices for All Voices: Building an Equitable Future, underscores the Biden-Harris Administration’...
5 things you need to know about Fair Housing
April 05, 2023
April is Fair Housing Month. Show your commitment to fair housing and equal housing protection this month and throughout the year. REALTORS® need to be sure they follow federal, state, local and fair housing guidelines when providing real estate brokerage services. Here are some tips and resources to help.A monument commemorating the federal Fair Housing Act stands in ...
Market perspective
April 04, 2023
Any buyer who has been looking for a home in the past 2 years has seen all the real estate market can throw at them! First a huge slowdown, with homes being taken off the market, virtual showings, signed health disclosures, and a general caution about doing anything in uncertain times. And then.....who would have ...
