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Want a Backyard Farm in Ann Arbor or Saline Michigan ?

by Tom Stachler,ABR,CDPE - Group One Realty Team

The Rise of the Backyard Farm

As a national speaker and edible landscaping expert, Rosalind Creasy has seen a sea change in how the public views growing food and tending to food-producing fauna in their yards. She says that, just as a segment of society has traded in the allure of the huge, gas-guzzling Cadillac for sleeker, more efficient cars, so too have we redefined the concept of a desirable outdoor space. “It used to be that having a big lawn and lots of shrubs was a status symbol, showing you have so much land and so many servants and so much money you didn’t have to use your land to just grow food,” Creasy says. “But now edibles have cachet. They are in. They’re sustainable. They’re healthy. Wealthy, educated people in particular are aware that this is the new status symbol.”

A Buzz in the Air

It’s not just gardens that are creating buzz. There’s no doubt in the mind of American Beekeeping Federation President Tim Tucker that the backyard beehive trend is going mainstream. “The number of beekeepers of one to five hives is growing by leaps and bounds,” he says. Part of this is fueled by the shock over the problem of colony collapse disorder, a mysterious event where entire colonies of bees perish. “People do want to help,” he says. However, Tucker says he also sees a growing interest from older Home owners, some of whom are having trouble finding wild bees for fruit trees and other plants that rely on pollination. “There’s also this movement of the baby boom generation toward more sustainable practices. They see it as a hobby that will help their garden.”

Chicago home owner Jean Bryan says she’s excited about the uptick in people interested in agriculture in her Rogers Park neighborhood. “This neighborhood is very chicken-heavy,” she says with a smile. “There’s a real tipping point in terms of our awareness of healthy food and the need for having food closer at hand.”

With the increasing interest in local food production, Bryan knows her yard—at 50 by 170 feet, it’s larger than the average Chicago lot—is enviable for city dwellers. She has room for a coop that offers protection and a “chicken run” that allows her seven hens outdoor space to scratch and forage. “There’s an increasing interest in home production of food—chickens are a subset of that—and the size of our yard would be very attractive to someone who was into that.”

The yard also offers a head start for gardeners that’s been decades in the making. “Besides the size of the yard, which would be a big selling point, we already have a raised-bed garden that was started by the original owners of the house,” Bryan says. “That part of the yard has been a garden for decades, and its soil has been built up significantly.”

Bryan says she and her husband are not looking to sell right now, but that having a real estate pro who understands the market for their home would be important. She says she thinks today’s chicken coop is yesterday’s solar panel. While a few years ago, agents might have recommended terminating a solar panel Lease at a home before putting it on the market, “I really think they’re becoming something of value.”

Josh Friberg, green, a realty sales associate in Portland, Ore., says it’s simple to change your thinking about the needs of this subset of buyers. “It takes a different kind of property for a Yorkie versus a Great Dane,” he says. “It really only takes a small shift in mindset to consider what’s going to be appropriate for chickens.”

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Knowing the Rules

Governments are beginning to see benefits to localizing food production. More than a dozen states have recently enacted legislation promoting small-scale agriculture, and a smaller number, including Hawaii, Louisiana, North Carolina, and Oklahoma, have looked into or introduced incentives to encourage people to pursue backyard food production on residential property, according to the National Conference of State Legislatures.

Where municipalities and agencies do restrict or monitor agricultural activity on residential land, they are rarely out to squelch those practices with regulations, which are often created to protect home owners. Tucker says part of the reason it’s hard for his organization to get reliable numbers about the beekeeper population in the U.S. is because many residents with just a few hives try to avoid state monitoring programs. “Unfortunately it’s going to get more involved and there are going to be more requirements for beekeepers,” he says. However, he notes this will make for healthier bees, as agricultural agencies track disease and ensure that pesticide companies are aware of any no-spray zones in residential areas.

Other restrictions are based on so-called “nuisance laws,” which attempt to keep neighborhoods harmonious. Friberg says the complaint-based system in Portland is governed by this principle. He needed a permit for his backyard farm, which is home to goats, turkeys, chickens, honeybees, and a massive vegetable garden (the city allows residents to have up to three livestock animals without a permit). However, he says the permitting process is easy if you have a good relationship with your neighbors. Even visits from county disease control officials center on how comfortable nearby people are with his activities. “They mostly want to know what your relationships are with neighbors,” he says. “Also, I make homemade beer and a lot of that does go over the fence. All of a sudden you’ve got really happy neighbors!”

You might counsel buyers interested in residential food production to reach out to potential neighbors before committing to a new home. “It’s always a good idea to know your neighbors,” Tucker says. He adds that because bees need access to water, even a nearby bird bath can draw their attention. If a potential neighbor has both an outdoor swimming pool and a severe bee allergy, it might not be the best fit. (Another tip from Tucker for mobile beekeepers: Don’t pick a place that’s too close to the previous hive. “If you only move [the bees] a quarter of a mile, they’re going to go back to their old site.”)

But in the early stages of helping buyers, it’s important to know the local laws. When Sarah Snodgrass, a agent in Kansas City, Mo., was looking into the possibility of starting a coop in her backyard, she found the overlapping regulations incredibly confusing. “Before I got chickens I thought, ‘Well, am I allowed? What’s the deal?'” she remembers. A home may be in a city where a coop is acceptable but “you might be in a subdivision that doesn’t allow chickens.”

Cities might mandate minimum space requirements around coops or restrict the number of chickens home owners may legally have, and some prohibit rooster ownership altogether. Additional restrictions may exist on a smaller scale, through home owner associations. To make the situation clearer, Snodgrass put together a chart on her blog, which she updates as changes occur. Not only does she reference it often in her own business, she says clients and real estate pros often come to her for advice on urban farming. “They think I will understand them and be able to help them better than anyone else,” Snodgrass says.

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Marketing Your Expertise

Snodgrass is currently working with buyers looking to start up a backyard chicken coop. But it’s not just her blog that helps her connect with this community. She’s currently working toward becoming a master gardener, taking classes through the University of Missouri’s extension program and volunteering in the community. She says agents who want to follow her lead should gather expertise in what they’re passionate about. “Be yourself. You have so many ways to connect—from local activities to online outreach via social media. Get out there, be professional, but, most important, be authentic,” Snodgrass says. “Buyers and sellers want to work with a real estate pro who will understand them.”

Friberg says his agricultural expertise has led to several referrals. He holds his annual client appreciation event at a pumpkin patch, mentions how the livestock are doing in his newsletter, and can be seen taking his goats for leashed walks around the community. “This is who I am, and people know that,” Friberg says. “I just got an e-mail from a former neighbor who said, ‘I really want to have the lifestyle that you and your wife have, and I think you could help me with that.'”

So what happens when a seller with a coop, beehive, or massive garden is ready to sell? Bryan suggests agents ask chicken coop owners whether they plan to take the coop with them. Creasy says conversations with sellers can also inform your marketing plan: “Ask them what are the things in their yard that make them happy,” she says. “If they say, ‘I’ve grown $700 worth of food out of this box,’ don’t you think that’s worth mentioning to buyers?”

Creasy also recommends using the fruits of edible landscaping in staging, perhaps gathering a few sun-ripened tomatoes from the garden and arranging them in a rustic basket. She’s helped several clients get their yards ready to sell and says anything from a mini-orchard to a tidy herb garden off the kitchen can help. “Plants like thyme are so easy; they don’t ask for anything,” Creasy says. “I call them edible plants with training wheels.” But you may need several months’ lead time to make sure all the plantings are ready. “It’s different with landscaping,” she says. “You can’t walk in and set up a few decorative pillows and take down the pictures.”

Friberg suggests ensuring farming structures are in good shape. He remembers working with one seller whose chicken coop was in disrepair. “We had to spend time mucking out the coop to really make it look nice. We were also prepared to remove it [if buyers insisted],” he says. “The goal was making it look as pleasing as possible.” Friberg helps widen the appeal of chicken runs by suggesting alternative uses in his listing notes, such as repurposing them for dogs or gardening. “It’s all about recognizing that there are multiple functions for these items,” he says. “I make sure this is part of the conversation.”

Creasy says the industry will benefit from understanding the growing mini-farm movement: “Real estate agents should get to know more about food, because the public is integrating food into their whole lifestyle.” And we’ve all got to eat.

 

If you are looking for a property with a bit more lot space for you to plant your own backyard garden, call, text or email. I can help!

 

Tom Stachler, Real Estate One, Ann Arbor, Michigan, farming, backyard, goats, chickens, coop, crops, raising, bee's, hives, agriculture

Understanding Home Owner Tax Deductions and Michigan Homestead Tax Credit

by Tom Stachler,ABR,CDPE - Group One Realty Team

For decades, Home ownership in the United States has been partially subsidized by the tax savings associated with owning a home. Many homeowners qualify for certain tax deductions and tax credits that make home ownership more affordable.  In order to utilize certain deductions, a homeowner must itemize their tax deductions. But almost everyone is eligible to benefit from one or more of the tax benefits of home ownership. Here are a few to consider as of the date of this article:

tax benefits of owning a house
  1. Property Taxes Deduction: In many areas, property taxes can be one of the most significant costs of homeownership. Therefore, the ability to deduct residential property taxes from taxable income is an incredible savings. A property tax deduction is essentially a tax-deductible tax, so that the homeowner does not pay income tax on money that was used to pay property taxes. This particular deduction may only be used for the period of time the homeowner actually owns the home. Back taxes paid as part of the purchase arrangement may not be deducted. But anything going to the Seller on the settlement statement for property taxes the seller paid in advance can be deducted. Homeowners can only deduct the amount of property tax actually paid to their local municipality for the tax year. However, if the property taxes are held in escrow for paying taxes at a later time, the deduction cannot be taken until such time as the money is paid out of the escrow account to the taxing authority. Many local assessments for improvements or other city/county fees that one may find on their property tax bill are not deductible. Also, if any (typically partial) refund of the property tax occurs, the amount of the deduction is generally reduced by the amount of the refund.

  2. Mortgage Interest Deduction: For many homeowners, the mortgage interest tax deduction is the most valuable tax deduction, and can be used to deduct interest paid on a mortgage of up to one million ($1,000,000.00). When a homeowner receives their first Form 1098 from their lender, they should know that its potential value is vast and to consult with a tax professional as to how best to take advantage of this benefit. This deduction is especially useful for most new homeowners, as the initial mortgage payments for new homeowners are primarily comprised of interest for the first several years, making for a larger deduction (until more of the payment is comprised of principal when there is less interest paid and less interest to deduct). Prepaid mortgage interest paid at closing may also add to the amount of this deduction.

  3. Mortgage Insurance Premiums Deduction: Many home buyers whose initial down payment is less than 20% of the purchase price are required to pay private mortgage insurance or "PMI." This insurance can be a significant expense. Homeowners may generally deduct the premiums paid for such mortgage insurance for the current tax year on a primary residence and a non-rental second or vacation home. However, eligibility for this deduction is phased out based on income levels (check with your tax professional).

  4. Points Deduction: If an owner paid discount points or "points" (or sometimes "loan discounts") to reduce the interest rate on borrowed funds as part of the purchase or refinance of a home, the cost of these points can be deductible in the year they were paid or over the life of the mortgage, depending on the type of loan and the unique qualities of the taxpayer.

  5. Energy Credits: Some homeowners can receive a tax credit (either federal, state or local) for a portion of the cost of materials used for energy efficient upgrades to their residence (including doors, windows, furnaces and air conditioners, roofing materials, insulation, solar panels, water heaters, geo thermal heat pumps, fuel cells, wind turbines, and other energy efficient upgrades).

  6. Home Office Deduction: Many home owners, who use a portion of their home for office purposes, may be able to claim a tax deduction for the pro-rata portion of costs related to the office space (e.g. repairs, mortgage, insurance, utilities, and depreciation). To utilize this deduction, the home office must be used exclusively and regularly as a place of business, a place to meet clients/patients for business purposes, a place of storage (e.g. for inventory or records used in the business), or a place where a majority of business work is done.

  7. Gain on Sale Exclusion: Individuals can exclude up to $250,000 of gain from a primary residence from taxable income, and married couples can exclude up to $500,000 of gain. To qualify, the seller(s) must have lived in the home as a primary residence for two of the prior five years before the sale.

  8. selling Costs Deduction: If the seller’s gain from the sale of a home does not qualify for the exclusion in #7 above, or the gain exceeds the maximum amount of the exclusion in #7, the costs associated with selling the home may also be available to reduce the tax burden of the seller. For example, the following costs may be deductible: title insurance, advertising and marketing expenses, broker fees, or repairs (if made within 90 days of the sale and with the intent to facilitate a sale).

  9. Home Improvement Loan Interest Deduction: Interest on loans for home improvements may be deductible, provided the loan was used for a "capital improvement," such as building a deck, installing a new water heater system, or building a garage or otherwise expanding the size of the home. Many s1maller items, such as wallpaper, paint, carpet, etc. are not considered "capital improvements."

  10. Construction Loan Interest Deduction: Interest on a loan used to construct a new principal residence or vacation home for personal use may be deductible for the first 24 months of the loan.

  11. Loan Forgiveness Exclusion: As of the date of this article, the Mortgage Debt Forgiveness Relief Act of 2007 was extended to allow debt that is forgiven by lenders in short sale situations to be excluded from taxable income, rather than being taxed as debt forgiveness income.

  12.  IRA Penalty Exemption: The ten (10) percent penalty for the early withdrawal of IRA funds can be avoided if the withdrawal of such funds is used toward the purchase of a home within 120 days of the withdrawal. This benefit is limited to a withdrawal of up to $10,000 in IRA funds for each spouse, and only if each spouse did not own a home within the two years prior to the new home purchase.

These tax benefits represent some of the biggest tax benefits of homeownership. Other tax benefits also exist. And the above analysis is an informational summary only and is not to be used, and is not intended to be used, as tax advice. When it comes to tax matters, a tax professional, Certified Public Accountant, or tax attorney should be consulted for the particular circumstances of each taxpayer, to ensure that no tax benefit opportunities are missed and to ensure compliance with law. 

HOMESTEAD TAX CREDITS - The state of Michigan has a homestead tax credit for owner occupied residences.  This amounts to approximately a 33% discount on your annual local and state property taxes.  There are deadlines for filing this paperwork however in order to get your tax savings.  There is also options to get more than one homestead credit though in most cases it is limited to just one per person/household.  CALL us to discuss your situation as they there are complex rules and regulations which vary by individual case.  

Interested in new listing updates?  Just click on the link above "Get Listing Updates" to receive new listings the day they come out automatically.  You can also contact us by using one of the options found after clicking on our home button above or call our office direct line at 734-996-0000 and ask for Tom Stachler.

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Ingenuity of Ancient Architecture

by Tom Stachler,ABR,CDPE - Group One Realty Team

Home styles vary around the world and Ann Arbor, Michigan.  Interesting article on ancient architecture covering different parts of the world below.  Here in Ann Arbor you can find different homes for sale in Ann Arbor and the surrounding communities by clicking this link.  Homes for Sale in Ann Arbor.

General contractors, home builders, and more ∨

Hire a decorator to find that just-right sofa and coffee table for your living room.
For small bathroom ideas, browse photos of space-saving sink consoles and clever hidden medicine cabinet mirrors.

Please call or click the link below if you would like help with any Real Estate Matter.  Note the All MLS Listings link above for direct access to the Ann Arbor Board of Realtors data base containing every listing for sale in Washtenaw County Michigan.  

 

 

 

 

homes for sale, ann arbor, michigan, property listings, real estate for sale, saline, mi, ypsilanti, Dexter, Pinckney, waterfront homes for sale, 

 

ANN ARBOR REAL ESTATE FOR SALE

by Tom Stachler,ABR,CDPE - Group One Realty Team

Spring is Here and Ann Arbor Real Estate Market is Active

Click Here to View all MLS Listings

Click Here for Tom's Spring Newsletter

Click Here to Win Dinner for Two at Weber's Inn

Tom's Resources, Contractor Discounts and More Ann Arbor Real Estate Savings Here

Get References for Any Ann Arbor Real Estate Broker by Clicking Here

Remember we are the most recommended Buyer Representative in the Saline and Ann Arbor Michigan Area.  Stop by and Visit our Website anytime by Clicking here.

MORTGAGE RATES DROP

by Tom Stachler,ABR,CDPE - Group One Realty Team

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. 

9221 Sandhill Ct, Saline, MI 48176

by Tom Stachler,ABR,CDPE - Group One Realty Team

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.  

Tea Cafe Locations in Ann Arbor Michigan

by Tom Stachler,ABR,CDPE - Group One Realty Team
VideoVideo

Explore the Tea Culture and Locations

Ann Arbor Michigan

Watch this video covering various Tea Cafe locations and owner comments.

 Let us know your favorite places!

Video Link: http://therealtytour.com/video/Tea-Culture-in-Ann-Arbor

Five Mortgage and Foreclosure Myths

by Tom Stachler,ABR,CDPE - Group One Realty Team

In a mortgage market that changes as quickly as this one, today’s fact is tomorrow’s fiction.  For buyers, misinformation can be the difference between qualifying for a Home loan or not. Sellers and owners, knowledge is foreclosure-preventing, smart decision-making power! Without further ado, let’s correct some common mortgage misconceptions.

1.       Myth: Buyers with bad credit can’t qualify for home loans. Obviously, mortgage guidelines have tightened up, big time, since the housing bubble burst, and they seem likely to tighten even further over the long-term. But just this moment, they have relaxed a bit.  In the last couple of weeks, two of the nation’s largest lenders of FHA loans announced that they’ve dropped the minimum FICO score guideline from 620 (which allows for some credit imperfections) to 580, which is actually a fairly low score. 

At a FICO score of 620, buyers can qualify for FHA loans at many lenders with only 3.5 percent down. With a score of 580, the lenders are looking for more like 5 to 10 percent down – they want to see you put more of your own skin in the game, and the higher down payment lowers the risk that you’ll default.  However, if your credit has taken a recessionary hit, like that of so many Americans, this might create a glimmer of hope that you’ll be able to take advantage of low prices and interest rates without needing years of credit repair.

2.     Myth: The Mortgage Interest Deduction isn’t long for this world.  Homeowners saved over $85 billion in 2008 by deducting their mortgage interest on their income tax returns. A few months ago, the National Commission on Fiscal Responsibility and Reform caused a massive wave of fear to ripple throughout the world of real estate consumers and professionals when they recommended Mortgage Interest Deduction (MID) reform, which would dramatically reduce the size of the deduction.

Fact is, the Commission made a sweeping set of deficit-busting recommendations to Congress, a few of which are likely to be adopted.  Fortunately for buyers and sellers, MID reform is not one of them.  Very powerful industry groups and economists have been working with Congress to plead the case that MID reform any time in the near future would only handicap the housing recovery.  Congress-folk aren’t interested in stopping the stabilization of the real estate market.  As such, the MID is nearly universally thought of as safe – even by those who disagree that it should be.

3.       Myth:  It’s just a matter of time before loan guidelines loosen up. 
 The US Treasury Department recently recommended the elimination of mortgage industry giants Fannie Mae and Freddie Mac. I won’t get into the eye-glazing details of it here, but the long and the short is that (a) this is highly likely to happen, and (b) it will make mortgage loans much harder and costlier to get, for both buyers and homeowners.   It’s possible that loans are as easy to get as they’re going to get.  So don’t expect that if you hold out, zero-down mortgages will come back into vogue anytime soon. Fortunately, Fannie and Freddie aren't likely to disappear for another 5-7 years, so you have a little time to pull your down payment and credit together. If you want to get into the market, the time to get yourself ready is now!

4.       Myth: If you don’t have equity, you can’t refi. Much ado is being made about how stuck so many people are in their bad loans, because they don’t have the equity to refinance their way out of them.  If you’re severely upside down (meaning you own much, much more than your home is worth), stuck may be the situation. But there are actually a couple of ways homeowners can refi their underwater home loans.  If your loan is held by Fannie or Freddie (which you can find out, here), they will actually refinance it up to 125% of its current value, assuming you otherwise qualify for the loan.  That means, if your home is worth $100,000, you could refinance a loan up to $125,000, despite the fact that your home can’t secure the full amount of the loan.

If your loan is not owned by Fannie or Freddie, you might be a candidate for the FHA “Short Refi” program. While most mortgage workout plans are only available to people who are behind on their loans, the Short Refi program is only available to homeowners who are current on their mortgages and need to refinance up to 115 percent of their homes’ value.  So, if you owe $250,000 on your home, you can refinance via an FHA Short Refi even if your home’s value is as low as $217,000. If you think you’re a good candidate for a short refi, contact your mortgage broker, stat – there are some in Congress who think that this program is so underutilized (only 245 applications have been submitted since it rolled out in September – no typo!) that its funding should be diverted to other needy programs.

5.       Myth: 
 If you’ve lost your job and can’t make your mortgage payment, you might as well mail your keys in.  Until recently, this was essentially true – virtually every loan modification and refinancing opportunity required that your economic hardship be over before you could qualify. And documenting income has always been high on the requirements checklist. But there are some new funds available in the states with the hardest hit housing and job markets, which have been designated specifically for out-of-work homeowners.

The US Treasury Department’s Hardest Hit Fund allocated $7.6 billion to the states listed below – all of which are now using some portion of these funds to offer up to $3,000 per month for up to 36 months in mortgage payment assistance to help unemployed homeowners avoid foreclosure.  Contact the state agency listed below if you need this sort of help:

3818 Century Ct, Ypsilanti, MI 48197

by Tom Stachler,ABR,CDPE - Group One Realty Team

3818 Century Ct, Ypsilanti, MI  48197

Pittsfield Township Taxes, Ann Arbor Schools.  

2600 square foot 4 Bedroom Home with 2.5 Baths.  This home backs to a common area in Palisades Subdivision.  Features include Granite kitchen counters, hardwood floors in master bedroom, family room and foyer leads to a stylishly updated powder room.  Located on a quiet cul du sac and close to shopping, parks and Freeway access making it a popular commuter area.

RECOMMEND VIEWING FULL SCREEN BY CLICKING THE FOUR ARROWS BOTTOM RIGHT CORNER. 720P HD RESOLUTION

2600' 4B$/2.5B home with plenty of hardwood floorS, granite counters along with an updated powder room. Located on quiet cul du sac and backs to subdivision common area for plenty of setback from the neighbors and space for the kids to play.

Call Listing agent Tom Stachler for more information at (734) 996-0000 or visit his website at www.TheRealtyTour.com

CLICK HERE FOR MORE HOME ON 3818 CENTURY COURT, PITTSFIELD TOWNSHIP, MI  48197

Why Banks prefer to Foreclose than Modify your loan

by Tom Stachler,ABR,CDPE - Group One Realty Team
Video Video

The President says everyone should.... within reason, be given the opportunity to stay in their Home and avoid foreclosure and eviction. Watch this Short video to provide you with some insight on how the cards maybe stacked against the loan modification process and understand how the banks are making more money on real estate Foreclosures.  Its no wonder why it is so difficult to get their lender to lower their mortgage payment or interest rate.  

This short video will provide you with a little insight and perhaps something you should write your Washington representative about.  Please forward this to anyone you know who might be looking for help either with a short sale or interest in the foreclosure process.  

We have many additional resources available on our website here for Ann Arbor Short Sale Information and I am always available to confidential advice.  Also try this short sale web site http://www.annarborhome.info/

Get the latest Ann Arbor Real Estate Listings and Saline real estate listings for sale using this link. 

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