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

Articles

TOP TIPS FOR BUYERS

August 10, 2022

TOP TIPS FOR BUYERS: 1) Take Time to get Preapproved.-Getting fully qualified beforehand makes a seller more confident in your offer and increases your odds of acceptance. 2)  Consider a Fixer Upper.-Many buyers are seeking move-in ready homes.  However, in an environment with low inventory, considering a home that needs minor cosmetic repairs may be ...

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When Will Home Prices Come Down?

August 09, 2022

As the market continues to shift, more and more questions are being asked about how home prices will behave in the coming months. Will home prices continue to rise, or will they finally start to come down? If you’ve been interested in selling your home and/or buying a new one but have been intimidated by the fast-moving market, ...

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Tips for Your Basement Remodel

August 09, 2022

Having a finished basement is a great addition for just about any house. It can give you a place to relax, a play area for your children, or even additional bedroom space if you need it. Some people even use basement areas to create fully furnished workshops, craft rooms, and other furnished DIY areas so they’ll have comfortable ...

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‘Home Sellers Were Spoiled’: 5 Rude Awakenings To Brace For If You’re Selling Your Home Today

August 08, 2022

 By Tara MastroeniAug 8, 2022For the past two years, real estate has been in a raging seller’s market. Sellers have been able to expect offers well over the asking price, frantic bidding wars, and few if any strings attached. They’ve basically been able to name their price and get it, with some extra to spare.But ...

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Is the housing market in a recession? Here’s what economists are saying

August 06, 2022

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Mortgage applications inch up for the first time in five weeks

August 04, 2022

Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020.Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since last year.Applications ...

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Where to turn?

August 04, 2022

Where to turn?Buyers and sellers today are receiving so much conflicting information.  They hear the market is slowing, and yet some homes have tons of showings and multiple offers.  Buyers may think when they hear of a slowing market that now is the time to lowball.  Sellers think that the offer prices will still be ...

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MUST-HAVE TOOLS FOR HOMEOWNERS

August 02, 2022

When you own your home, things are going to break and, unless you want to spend your money on visits from a neighborhood handyman, you’re going to need to fix them yourself. Luckily, you don’t need an arsenal of tools to handle most home maintenance fixes. These five tools will cover most of your basic projects.Cordless ...

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Buyer interest creeps upward as mortgage rates inch down

August 01, 2022

Buyer interest creeps upward as mortgage rates inch downRedfin's Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April.A recent half-point drop in mortgage rates could be drawing some buyers back to the market, according to a new report released Thursday by the online brokerage Redfin.The ...

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What Buyers Should Know about Current Interest Rate Hikes

July 29, 2022

Home buyers and Realtors alike have been concerned about the Federal Reserve raising it's interest rates this year.  Here are some important things to keep in mind:There is a purpose to these rates increases, which is to balance out the economy and fight inflation.  Also, when the Feds raise interest rates, it's important to remember ...

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What is a HUD home?

July 28, 2022

What exactly is a HUD owned home and how can I purchase one? A HUD home is a house that has been foreclosed on that had buyers that originally used FHA insured financing to purchase the property. The homeowner could not make the payments for whatever reasons and the lender was forced to foreclose on the house.  HUD ...

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Sellers - Here are 10 Most Important Features Buyers are looking for

July 26, 2022

Sellers - Do you know what homebuyers want?What can sellers do to their own homes to make them more desirable to most buyers?If you are looking to take advantage of the 2022 real estate market, but aren’t quite sure which angle to take, here is a list of what Millennials and first-time homebuyers want:Updated Kitchens And ...

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Negotiating

July 25, 2022

Negotiating your home sale does not have to be intimidating. By learning how real estate negotiations work and how to apply proven techniques, you can get the price you want from the buyers.KNOW MORE THAN YOUR BUYERS
The two major elements of negotiation are motivation and skill.A motivated buyer wants the best deal, and you, the seller, want ...

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Create an Evacuation Plan for your Pets

July 25, 2022

An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create evacuation plans for their homes and practice them with their kids, but far fewer have considered one for their pets. Take these steps to add your pets to your ...

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What Is a SEER Rating?

July 21, 2022

With the cost of heating and cooling a home throughout the year, homeowners want to have the most efficient HVAC units in their home that they can afford. Asking for recommendations for a specific unit can bring about a wide range of different answers, though. Those who are in the market for a new HVAC unit need a way ...

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2022 Housing Market Forecast and Predictions: A Whirlwind Year

July 19, 2022

Per Realtor.com,  Americans will have a better chance to find a home in 2022, but will face a competitive seller's market as first-time buyer demand outmatches the inventory recovery.  Additionally, with listing prices, rents, and mortgage rates all expected to climb while incomes rise, 2022 will present a mixed bag of housing affordability challenges and ...

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Escalation Clause? Bridge Loan? 9 Real Estate Terms Buyers Need To Know To Survive in This Market

July 19, 2022

By Ana DurraniJul 15, 2022The current real estate market is a little like a theme park ride: It’s unpredictable with twists and surprises at every turn. If you’re a buyer who’s been in it for a minute (read: the better half of the past two years), you’re used to the heart-wrenching process of making an ...

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HOME BUILDER NEWS

July 16, 2022

Sentiment among the nation’s homebuilders fell for the sixth straight month to the lowest level since June 2020, when the economy was grappling with shutdowns stemming from the Covid pandemic.The National Association of Home Builders/Wells Fargo Housing Market Index fell 2 points to 67 in June. Anything above 50 is considered positive. The index hit 90 at ...

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Housing supply increasing in our area

July 15, 2022

Inventory is up and the growing inventory is going to help balance the market but we are still in need of affordable housing in our rapidly growing area of the Upper Peninsula. We currently have 23 active listings in our city.  A price high of $2,250,000 and a low of $205,000.  Affordable housing ...

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Investor Series – House Hacking

July 15, 2022

This is one of many articles we will be writing regarding investing in Real Estate.  Today we’ll be looking at house hacking.  What is it?  How do you do it?  What are the pros and cons?House Hacking is essentially getting other people to help you pay your mortgage payment.   You basically ...

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Housing Bubble losing air at an Accelerating Pace

July 14, 2022

According to the article published by Shiffgold.com pending home sales have dropped significantly as well the inventory of homes on the market rose as the interest rates on mortgage rose as well.  As compared to the same period one year ago the sales dropped by 16% for the month of June.  May also dropped by 12% ...

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Homeowner Assistance Fund

July 14, 2022

Homeowner Assistance Fund Income Limits (HAF)The Department of the Treasury's Homeowner Assistance Fund provides funds to prevent homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and homeowner displacement. For more information about the Homeowner Assistance Fund Program, please visit https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund...

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Can You Still Get A Mortgage With A Low Credit Score

July 13, 2022

With rental rates reaching an all time high, you might be thinking it’s time to buy.  You have been saving money for a down payment but your credit score isn’t quite where you need it to be.  Can you still buy?Lenders consider four primary factors when reviewing a mortgage application:1. Your credit score.2. ...

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Strategies to beat rising interest rates!

July 13, 2022

A few of the best strategies to beat rising interest rates include:Buying down your rate with points.Considering an ARM with a low intro rate.Using a shorter loan term.Making a bigger down payment.Choosing a different property.Choosing a different loan product.Making lenders compete.Working with a mortgage broker....

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How to avoid Heat Stroke and Exhaustion

July 13, 2022

Its that time of year and may areas are facing unusual high temperatures this summer. To help and avoid heat related stroke or exhaustion follow the tips belowdrink plenty of cold drinks, especially when exercising.take cool baths or showers.wear light-coloured, loose clothing.sprinkle water over skin or clothes.avoid the sun between 11am and 3pm.avoid excess ...

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