What are the risks of waiving a home inspection?
March 15, 2022
What are the risks of waiving a home inspection?A home inspection is a standard part of the homebuying process. After a buyer’s offer is accepted, the buyer hires a licensed professional who checks the wiring, flushes the toilets, peers into the attic and tests the heating and air conditioning systems.In a buyer’s market or a ...
Purchasing a HUD Home
March 15, 2022
Are you looking at purchasing a HUD Home. When purchasing a HUD Home you may find that these homes are in need of TLC. It is important as a Buyer that the HUD Registered Real Estate Agent you work with provides you all of the information they can regarding the home. To be safe, always have a ...
Buying a New Home: The First Steps
March 15, 2022
When you're thinking about buying a new home, the first steps in the process are usually are: Finding a neighborhood that's right for you. Considering how much money you would like to spend.Thinking about what type of home you would like. Deciding when you want to make your move. As a ...
Don't Overlook Home Safety Checks
March 14, 2022
Home safety checks should not be overlooked. With the season changing it is a good time to run a safety check in your home.Smoke detectors and carbon monoxide detecters are a good place to start. Not only check your batteries but clean the detectors off. Built up dust can affect the way they work.If you ...
Your Home Can Help Make Your Money Go Further
March 14, 2022
Inflation has generated a lot of attention lately as the prices ofgoods and services have risen faster than they normally do.Housing can be one way to hedge against inflation, helpingreduce the impact it has on your purchasing power.If you buy, a fixed-rate mortgage means your monthly principaland interest payment won’t keep going up like rent will....
Case Study: Property Management
March 14, 2022
Client: Local Community BankThe ChallengeA lender took back a 2-flat property through deed-in-lieu of foreclosure that was occupied by section 8 tenants. The rents were in abatement with the Chicago Housing Authority due to failed property inspections.The SolutionParkvue Realty stepped in as the interim property manager and was able to transfer the property under our management with ...
Exterior Spring Home Maintenance
March 14, 2022
Exterior Spring Home MaintenanceTake a Look at the Roof. ...Clean the Gutters. ...Inspect the Concrete. ...Run Outside Faucets. ...Give Your AC Some Attention. ...Check Out the Deck. ...Repair and Reseal Woodwork. ...Run the Sprinklers....
Foreclosure starts increase monthly in 40 states
March 14, 2022
Foreclosure starts increase monthly in 40 states including the District of ColombiaLenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.Those states that saw the greatest numbers of foreclosures starts in February 2022 included: California (1,868 foreclosure starts); Florida (1,...
Preparing to Buy Spring 2022
March 11, 2022
Preparing to Buy During the Spring 2022 Homebuying SeasonIn the coming months, mortgage rates and home prices are forecasted to rise. This will cut into your buying power, so it’s important to begin preparing financially as far in advance as possible. Building your credit score can help you qualify for a lower mortgage rate. You’ll want to ...
Foreclosures-A-Poppin!
March 11, 2022
Foreclosures-A-Poppin’: The February U.S. Foreclosure Market Report published by ATTOM found 25,833 properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during February, an 11% increase from January and a 129% hemorrhage from one year earlier.Rick Sharga, executive vice president at RealtyTrac, cautioned that the dramatic increase from one year ago ...
An aspiring homeowner's guide to Real Estate Terms
March 11, 2022
An aspiring homeowner's guide to Real Estate Termshttps://www.roomvu.com/agent/richard-stewart?video=aspiring-guide-terms&share=true Presented by Richard Stewart REO Specialists llc Kalamazoo MI 269-345-7000...
HOW TO MAKE YOUR YARD READY FOR SPRING
March 10, 2022
https://frador.com/how-to-make-your-yard-ready-for-spring/Spring has sprung! Do you have spring fever watching the snow melt and seeing your yard emerge? It doesn’t look like the yard you remember, does it? The grass is brown and matted down, debris is everywhere and plants may be damaged from the harsh winter. Luckily, this depressing sight of spring can be changed. Now is ...
More Americans Fear Even Higher Rental Costs
March 09, 2022
More Americans Fear Even Higher Rental CostsRents have been climbing higher and higher, and Americans have felt it in their wallets. A record number of Americans say they expect rents will rise even more over the next year as well, according to a newly released Fannie Mae survey.Sixty-nine percent of respondents said rental prices will rise. Consumers expect ...
What Buyers Are Looking For In 2022
March 09, 2022
Selling your home in 2022 is an excellent idea as property values are expected to continue to increase after a record 2021. If you’ve been thinking to yourself, “I should sell my home,” but you’re not entirely sure what buyers are looking for in 2022, you’re in the right place. In this post, we’...
Where House Hunters Can Find Affordability
March 08, 2022
Surging home prices have prompted buyers to max out their budgets and priced out others. Buyers willing to move, however, can find several markets across the country that still offer affordability, housing experts say. Realtor.com® researchers analyzed housing data and 250 of the largest markets nationwide to identify the most affordable in the nation.They found several Midwest ...
Showing Agent Reminders and Responsibilities
March 08, 2022
Showing Agent Reminders and ResponsibilitiesWhen you show a home, you are taking on a great deal of responsibility. You are not just there to be “Vanna White”. You are expected to be aware of the showing instructions, before you go into the home, and are expected to convey them to the buyer. ...
Palatine approves 6-home subdivision, for the second time.
March 08, 2022
Five years after initial approval, a plan for a new small subdivision in Palatine is back on track.The Carraig subdivision is slated to have six single-family homes at 274 and 286 W. Michigan Ave. The 2.75-acre property currently is divided into two lots.The new subdivision will be between two existing subdivisions: Arcadia and Arcadia West.The ...
DO YOU LIKE PURPLE??
March 04, 2022
Yes, PURPLE, the color of royalty is now one of the most requested colors by interior decorators. Julia Buckingham of Julia Buckingham Interiors says: "It's a jewel tone that is both rich and neutral as a base for bright or more earthy tones." If you prefer more subtle tones, KHAKI GREEN is also a ...
7 Tax Benefits of Owning a Home
March 04, 2022
What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes.You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result ...
Migration Patterns
March 03, 2022
During by the pandemic, millions of people moved, primarily driven by the opportunity (and oftentimes, necessity), to work from home. Patterns show that many Americans migrated away from larger cities into small cities and suburbs.Millennials have led the charge in moving. National Association of Realtors identified the top 100 markets most favorable for millennials during the pandemic and ...
Interest Rates are set to rise!
March 03, 2022
Interest rates are set to rise.What exactly does that mean for prospective home buyers? This is an exceptionally hard time to forecast changes in the market due to the pandemic and its aftermath. Heres what we do know. the Fed announced that it would raise interest rates, and this may not be the only raise....
Improve Your Home’s Efficiency With a Garage Door
March 02, 2022
When it comes to improving the energy efficiency of your home, your garage might not be the first place that you think of. If you have an attached garage, though, you may be leaking warm (or cool) air from your home without even realizing it. While there are a few different ways that you can combat this, one of ...
Fair housing: A right for over 50 years
February 28, 2022
When you purchase or rent a home anywhere in the United States, you are legally entitled to fair treatment. No person or corporation can treat you unequally when looking for a home because of race, color, country of origin, religion, sex, family status, sexuality or disability. Black History Month is an ideal time to both celebrate and defend this ...
While showing homes watch out for pothole season!
February 27, 2022
The Michigan winter is getting closer to be over finally. What happens next though is the creation of terrible roads and potholes. The thaws mixed with rain and then again freezing causes havic on the roads and city streets. Here lies the issue. When you go out to show homes one has to make sure ...
Competition was steep and prices soared in 2021. Michigan’s 2022 housing market will likely be the same.
February 24, 2022
By: Lindsay Moore - MLive January 2, 2022It’s barely been a month since the Douglass family moved in, but the Christmas tree was put up and the girls are doing homework at the kitchen table — a house is becoming a home.Julie Douglass is happy with her new neighborhood in Kalamazoo. She see can see all the ...
