Displaying blog entries 31-40 of 51
Check out this Cool Cat Video
Happy HOlidays Everyone!
Best of luck in the coming New Year!
Please keep us in mind if we can help you or an associate with their real estate pursuits in 2012!
Ann Arbor Area Community Information Click here
ANOTHER CONTEST WINNER FOR DINNER FOR TWO AT WEBER'S INN
ANN ARBOR MICHIGAN
For those of you who don't know already, we are always giving away Dinner for Two at Weber's Inn Ann Arbor Michiga. Just click on the Links below to enter the contest.
Check out this Video taken with another Lucky winner!
Click "Like" on one or all of these Sites for chance(s) to Enter and win the contest to Win Dinner for Two at Webers Inn Ann Arbor, Michigan
Real Estate Market Statistics for Ann Arbor and Washtenaw County
Well the 2011 third quarter statistics are out for Home and condo sales in Washtenaw County. Click here to view Ann Arbor Real Estate Market Statistics for information on current inventory levels and recent sales.
Market is keeping active, homes for sales are down and still considered a buyers market. Contact us if you need help finding a place using the chat or contact features provided below.
Want to Get to Wisconsin and Avoid Chicago Traffic?
Take a scenic cruise on this high speed car ferry with you car, RV or motorcycle across Lake Michigan to Milwaukee Wisconsin and beyond. This auto ferry is a great was to spend a couple scenic hours on your way west.
Looking for Ann Arbor Real Estate? Get Ann Arbor Real Estate here
SEARCH FOR ANN ARBOR REAL ESTATE
CLICK THE FOUR ARROWS ON RIGHT CORNER OF VIEWING FRAME FOR A LARGER IMAGE
"Has a 5 Star Rating"
Get a Direct Link to the Board of Realtors MLS System
This is Where all Listings First Show Up!
Its Free and No Advertising! Check out this Great New Realty Search Tool providing direct MLS access to Ann Arbor Real Estate and All the Surrounding Counties!
Also, there is an FREE option to Get realtime updates and the latest in software powered programming providing you with Walkscores, Zillowzestimates, neighborhood demographics, School information, distances to popular retailers and key driving destinations and much, much more.
Get Started Test it by Clicking Here
One of the biggest hurdles in Buying a Home is coming up with the required downpayment amount. The zero down payment days are gone and in fact the 3.5% min for FHA loans may be increasing to 6% sometime in the future too.
Want to avoid PMI payments too? Then you will need to put a min 20% of the purchase price down. If you can show you have 20% equity in a property you can request this monthly payment be removed from your lender on both new and existing mortgages.
Back to the downpayment options..... of course some buyers will simply save up their own cash, even if it takes more time. The good news is that there is some help to boost your down-payment savings, there are resources that you can harness to power your home-buying pursuit:
And while you can’t similarly draw from your 401K, many retirement and pension plans will allow you to borrow the money from yourself against your funds, then repay it to yourself – at interest. So the choice there comes down to paying your lender back with interest or paying yourself with interest. That choice should be be easy.....you! But first, get some advice from your CPA and/or financial planner. Its possible that this option might not make financial sense for your particular situation.
Remember you can view homes using a direct access to the Board of REALTORS MLS inventory to find homes for sale in Ann Arbor by clicking here, or homes for sale in Saline Michigan by clicking here.
MORTGAGE RATES CONTINUE THEIR THREE WEEK DROP to hit record low's. Rates on loans tracked by Freddie Mac are now nearly a full percentage pointe below their 2011 highs seen in February.
Of course this means its a good time to purchase real estate or even re-finance as rates seem to be in the low's 4% range. That's a new all-time low for 30 yr fixed rate loans according to Freddie Mac records dating to 1971, surpassing the previous record of 4.17 percent set during the week ending Nov. 11, 2010.
Please Click Here to access the properties for sale inventory within the Board of REALTORS database MLS system.
High inventories of homes for sale have plagued many markets, but in a recent analysis of metro areas, inventories were found to be shrinking sharply during the second quarter, The Wall Street Journal reports.
About 2.34 million homes were listed for sale on the multiple-listing service by the end of June, the lowest level for that time of year since at least 2007, according to Realtor.com. What’s more, some inventory levels even reached their lowest levels since the housing crisis began five years ago, which has prompted some markets to even say their facing a shortage of homes on the market.
While a drop in inventories can often signal more demand — and ultimately a boost to Home prices — some analysts aren’t so sure this signals a complete turnaround for the real estate market quite yet.
“While sales are picking up in some cities, analysts say the sharp decline in inventory also reflects the slow pace at which banks are processing foreclosures,” The Wall Street Journal reports. (The number of homes in foreclosure — a backlog of 2.1 million — is near a high.) Also, some sellers are taking their homes off the market due to low offers and waiting until they put it back on the market.
In its analysis, The Wall Street Journal found that of the 28 major metro areas evaluated inventory levels had dropped in all 28 — except for three. What’s more, they found that inventories had dropped by double digits in 16 of those markets during the second quarter when compared to a year ago. For example, inventories dropped in Miami by 43 percent from a year ago; 30 percent in Washington, D.C.; and more than 20 percent in cities like Charlotte, N.C., Seattle, and San Francisco.
Click the "Property Search" or "All MLS Listings" link above to view current Real Estate Inventory.
Title Issue that Comes up When Buying a Foreclosure
"Covenant deeds are not illegal. With a warranty deed, the grantor is warranting title against all prior claims - even claims that arose prior to the grantor acquiring title to the property. With a covenant deed (or "deed C") the grantor's warranty is limited to claims arising from the actions of the grantor. You get a little more from a covenant deed that you would get through a quit claim deed. Bank/sellers` are never going to give someone a warranty deed, the battle is typically over whether the bank will give a covenant deed or only a quit claim deed.
If I was a buyer, I would push for the covenant deed and in all events make sure that I had good title insurance in place to protect me. Good title insurance from a reputable company is always important but particularly so if you are getting something less than a warranty deed. Purchasers need to keep in mind that there is title insurance out there these days that really doesn't protect the them because the exceptions to coverage are way too broad.
I usually review the title company's pre-committment policy and often with recommend that buyers taking covenant deeds (or quit claim deeds) should strongly consider having their real esate attorney look at the title commitment/policy before they close. This is even more important if the policy is coming from an affiliate of the seller/bank --or other title company that we may not be as familiar with."
Check out the "All MLS Listings" above or our other Blog postings including "Things to Do in Ann Arbor"
Get Direct MLS Access that Real Estate Brokers Use Click here to View
9221 Sandhill Ct. Saline, MI
York Woods Subdivision
New Listing you should check out:
2800' Home located in one of the area's most desireable communities that features a private park and sandy beach on Sunset Lake. Situated on a cul du sac with a huge quiet yard and setting, this is what you have been waiting for.
4BR-2.5Baths with Granite Counters, solid wood doors, stainless appliances and a partially finished basement plumbed for a bath.....this home won'l last long.
Just 5 minutes from the I94-US23 interchange for commuters who wish to avoid the Ann Arbor exit backups and save money the low York Township taxes while just 2 minutes from the coffee shops and restaurants in downtown Saline.
Call for a showing appointment today or stop by www.TheRealtyTour.com and then look under the Featured listings tab for more information.
Displaying blog entries 31-40 of 51
