Getting Home ready for fall!
September 13, 2023
Here are some tips to get your home ready for fall:Reprogram the thermostat to make your home ready for the colder weather.Clean your furnace and switch out your filters.Look for gaps and cracks in your insulation.Clean, inspect and prepare your fireplace.Switch to warmer bedding and clothes.Prepare your outdoor furniture.Insulate pipes to get your ...
What’s Happening With Home Prices This Fall? See the Cities Where They’re Rising—and Falling—the Most Now
September 13, 2023
By Evan WylogeSep 13, 2023There’s more to look forward to this fall than your favorite sweaters and pumpkin-flavored everything. The fall is a special time for homebuyers, as there are more homes for sale, list prices usually begin their seasonal dip, and there’s less competition from other home shoppers. In fact, it’s often the best ...
Little fixes add up to big rewards
September 13, 2023
If you are putting your home on the market soon, there are some things you can do to maximize the selling price. Not talking about a new kitchen here (although that would be nice! )How about a professional carpet clean if necessary, or touching up paint nicks and dings? Or you can pay someone to come and ...
Thinking About Selling Your Home? These Kitchen Improvements Might Be Worth Doing
September 12, 2023
When you sell your home, you want to sell it as quickly and profitably as possible. And sometimes, that means making some improvements before you start showing it to buyers—including improvements in the kitchen.But what kitchen improvements might make sense to do before listing your home?A article from realtor.com outlined the kitchen improvements you should ...
Mortgage Rate Forecast: When Will Rates Go Down?
September 12, 2023
https://money.usnews.com/loans/mortgages/mortgage-rate-forecastMortgage Rate Forecast: When Will Rates Go Down?-Why Mortgage Rates Are Expected to Stay High-Stubbornly high mortgage rates are a byproduct of the Fed’s battle to bring annual inflation back to its 2% target. The central bank raised the federal funds rate seven times in 2022 and another four times so far in 2023, with ...
3 Reasons Why You Might Want to Break the 5-Year Rule
September 10, 2023
3 Reasons Why You Might Want to Break the 5-Year RuleSome things get more valuable the longer you own them, and that is often true in realestate. This is why you’ll often hear experts talk about the 5-year rule, which is the ideathat new homeowners should stay put for at least 5 years before selling a home or ...
Local and State Programs for Home Buying Assistance
September 10, 2023
Buying your first home... You May Be Eligible For GrantsWhy Rent when you can Own? The main reason buyers postpone their homeownership dreams? Saving for a down payment. There are valuabe programs available to help today's buyers with down payment assistance programs. Many state and federal programs are available for first-time home ...
Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?
September 09, 2023
As temperatures continue to sizzle, the housing market continues to fizzle, with blisteringly high mortgage rates and scorching home prices becoming too hot to handle for many would-be home buyers.The national average 30-year fixed mortgage rate blasted through 7% in mid-August, reaching a 2023 high of 7.23%. As of September 7, the average 30-year fixed mortgage rate ...
Free well water testing now available for Michigan residents September 05, 2023 Sara Pearson Supervisor, Source Water Unit PearsonS@Michigan.gov
September 08, 2023
The Department of Environment, Great Lakes, and Energy (EGLE) is excited to announce a special program to help Michigan families know the quality of their well water. EGLE and local health departments (LHD) are working together to ensure that safe drinking water is a priority for Michigan families.Last year, the Michigan Legislature appropriated $5 million to provide free ...
6 Ways Your Buyers Can Save on Their Mortgage
September 06, 2023
Although mortgage rates, which have been hovering near 7% over the last few weeks, are expected to fall in the second half of the year, home buyers have adjusted to higher borrowing costs and home prices. Still, affordability is a big issue: 60% of U.S. cities saw gains in home prices in the second quarter, according to data ...
4 Ways That You Can Use Your Home Equity
August 26, 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 ...
Exclusive Listing Period Priorities
August 24, 2023
A primary goal of HUD in selling HUD homes is to provide housing ownership opportunities to those who plan on being owner occupants. An owner occupant is defined as someone who intends to occupy the property as their primary residence for at least 12 months and has not purchased a HUD home, as an owner occupant in the past ...
Housing Market Predictions for 2023
August 23, 2023
When will home prices be afforable again?The national average 30-year fixed mortgage rate crossed the 7% mark in the third week of August, rising to 7.09% the week ending August 17.The median existing-home sales price also broke through $400,000 for the first time in 2023, hitting $410,200—the second-highest price ever recorded—and is ...
BAD STEPS-ONES YOU TAKE AND ONES YOU WALK ON
August 22, 2023
BAD STEPS-ONES YOU TAKE AND ONES YOU WALK ONBy Tom Nelson, LLB-Real Estate One-Rochester, MIBAD STEPS-ONES YOU TAKE AND ONES YOU WALK ONBy Tom Nelson, LLB-Real Estate One-Rochester, MIBuying a HUD Property Series Number 6When buying a HUD or any home, steps are important, but often overlooked.More than 1 million injuries are caused by stairway falls each year ...
FED RAISES RATE
August 16, 2023
The Federal Reserve raised its key interest rate Wednesday jULY 26TH for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again.Wednesday’s move raised the Fed’s benchmark short-term rate from roughly 5.1% to 5....
Successfully Selling HUD Homes Seminar
August 15, 2023
Are you a seasoned agent who has sold lots of HUD Homes over the years, a brand new agent who has not sold any or somewhere in the middle? Then this class is for you. We can not stress enough how important it is to know the proper procedures to selling HUD Homes. Please join us ...
How someone can avoid foreclosure
August 14, 2023
There are a number of government programs available to help people avoid foreclosure. These programs can provide financial assistance, counseling, and other resources to help homeowners who are struggling to make their mortgage payments.Some of the most common government programs for avoiding foreclosure include:Making Home Affordable (MHA): This program offers a variety of loss mitigation options to help ...
2024 Growth Predictions for Michigan
August 14, 2023
As 2023 gets closer to the end of the quarter for the year the real estate trends and values for the year have been stable with overall growth!According to Zillow, the average home value for MI overall is $235,361 which represents a 2.3% increase in value over the past year. Sales have shown that 44% of ...
How to manage Stress when buying a home
August 14, 2023
How to manage stress when buying a home!It is important to surround yourself with the right team. Selecting the right Realtor and Lender can make all the difference. The current market conditions are challenging for buyers with inventory being so low. Take your time to choose an experienced Realtor that you are comfortable with to ...
Real estate company unveils $215M project to redevelop downtown Lansing
August 10, 2023
By: Katharine FinnertyFox 47 News LANSING, Mich. — A major project to redevelop downtown Lansing was unveiled Tuesday by a local real estate firm with a $215 million price tag.Gentilozzi Real Estate, alongside Detroit real estate developer and manager JFK Investments, showed off their "New Vision Lansing" project with Lansing Mayor Andy Schor at a press conference ...
Where are all the houses for sale?
August 10, 2023
For a few months now it has been obvious that the supply of homes for sale is way down. There are not a lot to choose from. A much more common type of market has many more homes that are for sale. Why are there so few listings for sale?One theory states that sellers ...
Nine ways to afford more house without more cash
August 10, 2023
https://themortgagereports.com/92976/ways-to-afford-more-house-without-more-cash-Nine ways to afford more house without more cash-Get creative to afford more house in today’s market!!Home buyers are feeling the affordability squeeze, with high home prices on one hand and rising rates on the other.If you’re looking at paying more for a house, one option is to save more cash. The more you ...
Down Payment Assistance Programs of Michigan
August 09, 2023
Buying a home is a significant investment that requires a lot of financial planning and preparation. One of the major obstacles that potential homebuyers face is saving up for a down payment. Fortunately, there are several down payment assistance programs in Michigan that aim to make homeownership more accessible for everyone.Down payment assistance programs provide financial support to ...
Real Estate is the best Long - Term Investment for 9 Years in a Row
August 09, 2023
Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before.Because inflation reached its highest level in 40 years recently, it’s ...
U.S. Foreclosure Filings Exceed 185K in First Half of 2023
August 08, 2023
According to ATTOM’s Midyear 2023 U.S. Foreclosure Market Report, there were a total of 185,580 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions—in the first six months of 2023, up 13% year-over-year and up 185% from the same time period two years ago during the heart of the pandemic."...
