Discussing Real Estate and Topical Issues for Livingston County, Michigan
Thursday, December 13, 2012
Lakefront Homes For Sale Near Hartland Michigan
Monday, December 03, 2012
Expiring Mortgage Debt Forgiveness Act To Increase Strategic Defaults?
Confused about short sales, or need to explore the options for the sale of your home? Give me a call for a no-pressure appointment.
Saturday, December 01, 2012
Holiday Home Maintenance Tip – Garbage Disposals
Thursday, November 29, 2012
Strangers In My House?
First, nobody will enter your house for a showing unless they are accompanied by a licensed agent. There are very few agents that will just take a phone call, drop what they are doing and meet a new prospective 'buyer' at a house. I want to talk with them to find out their goals, verify that they have a legitimate lender pre-approval (which entails them divulging a lot of personal info), and meet them in person at my office first. I also like to talk to their lender to be sure we're on the same page. In short, I want to know who they are and that they are real people, not an AKA (also known as).
There are still times when some agents take short cuts and don't get to know a buyer as well as they should. Here are a few simple tips that apply to any home seller and will help you to keep your home safe.
Jewelry - don't keep grandma's expensive antique broach out in plain sight. Keep your jewelry hidden. If you can, store it in a safe deposit box until the house is sold or just keep the items you need for the immediate future. The same applies for cash - keep it very well hidden.
Prescription Drugs - I encourage you to keep your preescriptions out of sight. This may mean changing your daily habits for a while, but the old maxim 'out of sight, out of mind' does come into play. If you have children livng at home, you may already have this area covered.
Personal documents - be sure that you don't leave a bunch of monthly bills or personal douments out in plain view to deter identity theft. File your documents promptly, or shred paper bills if you pay and file things electronically.
Keys - don't keep a lot of extra keys on the coat rack peg or table in the foyer. I know we occasionally leave a shed or pole barn key for prospective buyers to enter an outbuilding, but make sure that your house keys are secure.
Doors and windows - it's rare for buyers to open and close windows, but it may happen. A good showing agent will always make sure that all doors locked when they leave your home, but on occasion they may get distracted. Boisterous or very active children accompanying their parents, an aggressive time frame to show multiple properties (especially in the winter months when daylight time is reduced) or a host of other factors may come in to play. Be sure that you check your doors upon return.
Agents will not allow a prospective buyer to open dresser drawers, but you can expect a look at the closets and pantry. Sometimes kitchen cabinets are opened to see what type of storage systems are installed. Expect them also to look through the garage and enter any mechanical or store rooms you may have in the basement.
These few simple precautions will help you keep your home selling experience a safe and happy one. If you're thinking about selling your home, consider calling me for a no-pressure appointment to determine its value and estimated time to sell. I'm a full-time real estate professional. Real estate is my passion.
image courtesy of vichi81 freedigitalphotos.net
Wednesday, November 14, 2012
What’s Your Home’s ‘Sell By’ Date?
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| Sell Your Home |
Sometimes it’s aesthetic, sometimes it’s for safety. The ‘Sell By’ date is largely for stores. It helps them to pull slow moving items that may have reached their peak for freshness, consistency and taste. But often, you can still consume those products beyond that date. Note: I wouldn’t recommend trying that with the milk two weeks later, though. My wife and I agree on that one!
Sellers in no particular hurry often make a bigger mistake by “trying it out at a higher price,” thinking they can reduce the list price later. By then, buyers are thinking there’s an issue with the house and will not perceive it the same as when it’s new to the market. Consult your real estate professional to arrive at the correct pricing to get your sale completed by your “sell by” date. And if you need help with determining that value, I’m happy to assist.
image courtesy of Stuart Miles, freedigitalphotos.net
Tuesday, November 13, 2012
Buy A New Or Existing Home?
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| Build or Buy Existing? |
Existing homes. Depending on the age and location, it could have been built with better materials, exhibit more true craftsmanship, and perhaps have architectural ‘character’ and features that are all but impossible to replicate today. And don't forget about mature trees and landscaping.
Friday, November 09, 2012
Long Term Care Patients Can Keep Their Principal Residence Exemption
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| courtesy koratmember freedigitalphotos.net |
This bill allows them to keep the lower property tax rate if their intention is to return, as long as they meet all of these criteria:
Thursday, November 01, 2012
First Time Buyers Drop But Still Significant
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| Courtesy of NAR |
First time buyers have it tough. Mortgage financing is harder to obtain, government loan (FHA and USDA Rural Development Program) underwriting is more tedious, distressed home sales take longer to complete, and investors have often picked over the lower priced listings already. That being said, they are still a significant part of the buyer pool.
This information comes from the monthly NAR Realtors® Confidence Index survey for September 2012.
If you're looking for a home in Brighton, Howell, Livingston County or the surrounding areas of West Oakland and Washtenaw County, call me.
Wednesday, October 31, 2012
Spillover Costs of Foreclosure
Foreclosures have brought down property values across the country. Your home has been affected even if there are no foreclosures in your neighborhood (which would be pretty rare, I think). That value reduction means that while you’re paying lower property taxes, your municipality and school system is getting less money, too. If there are many foreclosures in a given area, there can also be blight and crime issues that come into play.
We all know intuitively that foreclosed homes are not a good thing for neighborhoods. Unfortunately, there are still a lot of them sitting out there, many that haven’t even been listed.
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Tuesday, October 30, 2012
Helpful Technology – Batch Picture Resizing
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| from www.softorbits.com |
One that I couldn’t easily live without is the Batch Picture Resizer by SoftOrbits. In Real Estate, we take a lot of pictures. My high-res photos are great for printed materials, but cumbersome or even unusable for upload to the multilist system (MLS), clients and web sites. I was using a very basic re-sizing function that was part of my operating system until I discovered Batch Picture Resizer.
I can now select, drag and resize an entire folder of pictures in one action. Since my source photos are 3008 x 2000 pixels (usually around 2MB in size each), the time needed to individually resize photos was awkward and frustrating.
I downloaded the free trial not expecting a whole lot, to be honest. We’ve all had that experience – download, try, uninstall, delete, keep looking. But this program was different. I can resize by pixels or percentage of the original. While not overwhelming in terms of functions, it allows for renaming files by adding either prefixes or suffixes to the original file, or adding a watermark. It has ample folder handling functions to keep your pictures organized, and will do rotations easily, too. At an affordable $29.95, it was a no-brainer for me to purchase this program.
If you deal with a lot of photos on a regular basis, you should consider evaluating this program on a free trial basis. I think you’ll be happy with it. Do you have a particular program that you can't live without? I'd love to hear about it.
Monday, October 29, 2012
Great House, Acreage - Howell Schools
This newer home (Built in 2003) has a full basement, HE water heater, water softener, 200 amp electrical service and a 3 car garage. It is a modular home (built to the same codes as an on-site built home) on 3.06 acres, although there is a natural gas easement that runs through the property. The lot size is irregular.
It's been repainted, recarpeted, new kitchen appliances installed, gutters have been replaced and the house power washed. Three bedrooms, 2 full baths, 1792 sq ft of living space in a private setting, yet just minutes from the I-96 ramps at Pinkney Rd (D 19). Howell Schools.
See the entire listing on my website by clicking here. And while you're there, check out my new map-based MLS search functon, too!
I am a full-time real estate professional at Preview Properties, PC. Contact me at 810-220-1478, through my website, or my facebook page at http://www.facebook.com/MichiganRE.
Friday, October 26, 2012
Closed Sales – Financing Types Through September 2012
While I am a very active listing agent, I also work with buyers. And I know from my experience as well as discussions with other agents that it’s difficult to find a financeable house in the $125,000 and under price range. If you do find a house that’s ‘ready to go’ you can be sure there will be multiple offers. If it needs some work, it likely won’t qualify for government loan programs – FHA and USDA Rural Development. And of course, these are the programs that many people need to enter the housing market.
Instead of repeating this past month’s stats, I delved into the difference between the kinds of loan instrument used for January through September 2011 vs. the same period in 2012. Here’s what I found.
Cash sales went up only nominally YTD. They represented a little over 23% of total sales in 2011 and are a little over 24% in 2012. Since cash purchasers come largely from investor-owners, is this showing us that investor action is leveling off? Hard to say, but certainly the lower inventory likely has a role to play in this market segment.
Conventional mortgage sales went up from 34.4% YTD in 2011 to 37.45% YTD in 2012. With mortgage rates at an almost ridiculous historic low I would have expected more of this type of sale, but first-time buyers usually don’t qualify for a conventional mortgage, so they likely have little representation in this segment.
All FHA loan sales (includes the FHA 203K renovation program) dropped from 24.61% in 2011 to 21.5% this year. And the USDA Rural Development program loan sales went up slightly from 7.5% of all sales in 2011 to 8.58% in 2012. When you combine the FHA and USDA RD programs, my stats show that they were a combined 32.12% of sales in 2011 and represent a lower 30.1% usage in 2012. So at least in this market, closings with government loans are down on a percentage basis.
My personal experience with FHA and Rural Development buyers has been that the properties appraise at a value of or above their sale price, but the underwriters for government loans are being very, very picky, in some cases bordering on the insane. I know that there are a lot of buyers out there that are pre-qualified for these programs, but finding a home that is in financeable condition is tough. And banks have been slow to correct the deficiencies needed for the financing of foreclosure properties, even if it’s only a few thousand dollars in repairs.
If you’re considering a home sale or purchase, please call me for a confidential meeting to discuss your goals. I’d love to help you with your real estate needs. Let me put my market knowledge to work for you.
Tuesday, October 02, 2012
7323 Norcrest, Brighton - $121,900
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| 7323 Norcrest 48116 |
Work includes a new roof and gutters, replacement siding, new kitchen appliances, new vinyl flooring, carpet and a complete repaint - inside and out. Located in the Ore Lake Shores subdivision, your access to the lake is via a community lot.
Brighton schools, close to M-36, this home is priced at an affordable $54/sq ft! It is not inside a flood zone according to the latest FEMA flood hazard maps.
For information on this, and other homes in the area, please contact me through my web site, http://www.realestatemich.com/10/listing/22680.
Thursday, September 13, 2012
Real Estate As A Contact Sport
Every new day is exciting and filled with untold potential. I don’t think it matters whether you’re a CEO, a mechanic, an entrepreneur or a, well, Real Estate agent. Today I had meetings in the morning, touched bases with consumers and agents on some deals in process, and was preparing for an afternoon appointment to have a seller sign a purchase agreement. Not an unusal day by any means.
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| Could Have Been Worse |
Apparently the dog felt otherwise. I heard the jingling collar and turned to see him charging me, but not growling or showing teeth. I thought he wanted to play. Before I could reach down to pet him, he’d grabbed my slacks at the pocket and ripped about a 14” swath down the seam. I yelled and he turned around to go back to ‘his’ yard. Luckily he got all fabric and didn’t break the skin, but it wasn’t pretty when I walked directly away from ‘his’ territory and found that he was again running towards me.
A couple more loud verbal commands turned him around, but he kept coming back. After the third try, he returned to his yard and left me alone. Needless to say I got to my car and drove away. Actually, I drove home to find more suitable business attire since I was now pretty well ‘air conditioned’. I may have gotten a few compliments on my selection of boxer shorts (or maybe not), but prudence won out and I made myself presentable again.
There are likely many lessons to be learned here, which brings me back to, “every new day is exciting and filled with untold potential.” The exciting part is pretty obvious. The untold potential is that I was made aware that I needed a wake up call on my personal safety habits. I learned the hard way that I can’t ‘trust’ dogs to always behave the same way – especially dogs with whom I have very limited contact. I will also add a pepper spray to my ‘traveling real estate’ kit. Of course, the pepper spray will clip onto my belt or stay in my hand as I get out of my vehicle and am sure there’s no obvious danger. And yes, I will catch that neighbor to let him know his dog tried to bite me.
It’s a good thing to remember that threats to your safety come from a variety of causes, and sometimes we let ourselves become inured to situations that may look the same, but are not. Stay alert. And carry an extra pair of slacks.
Saturday, July 28, 2012
12 Acres, Barns and Move-In Condition - Marion Twp (Howell mailing)
Priced at $167,900, it's located in Marion Township. See the full listing here. Owner occupants may submit offers on July 31st, investors can submit offers on August 5th.
Thursday, July 19, 2012
New Listing - Move In Condition at $53/sq ft!
At 1880 sq ft, this raised ranch is ready for its new family. 2 car attached garage, large deck, large rear yard -and close to Lake Chemung (no deeded privileges).
Check out the full spec sheet for 5819 Cherokee Bend, Howell MI 48843. Only $99,900 - that's $53/sq ft, what a great value!
And if you're considering the sale or purchase of a home, this year my average time to get a listing under contract is 44 days and my average sales price is almost 5% over list price. Short sales expertise, too.
Subscribe to my real estate newsletter to stay current on market news. Try my new MLS search to zero in on what you want in a given area.
Tuesday, June 19, 2012
Shop Local–More Benefits Than Thought
We all know at some intuitive level that supporting your local merchants is good. Yes, sometimes you pay a little bit more than the big box stores, but often they have unique items or services that balance out the little bit of extra expense. Or perhaps it’s just the convenience.
I don’t know about you, but I absolutely hate having to walk to the very rear of a large grocery store when all I want is a gallon of milk. Not to mention the wait in line to pay.
Now a study shows that shopping local is not just good for the merchant, it’s also good for you!
A thriving business district actually helps to raise the values of the homes in that area! The study conducted by American Express OPEN indicates that home values in neighborhoods close to such active business districts with primarily independent (non-chain) ownership resulted in an above average rate of appreciation when compared to the rest of their larger market areas.
Independent retailers and restaurants have still lost ground since the 1990’s, but they remain a force as residents look to shop local. We know franchises employ a lot of local folks and some do better than others when it comes to getting behind a community project, but in general they don’t do nearly as much as the often smaller independent businesses that have fewer resources.
So let’s shop local!
Thursday, June 14, 2012
Outdoor Projects Create More Living Space
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Smart Options: Patio Pavers
A broad selection of patio pavers accompanies increased demand for outdoor living spaces. Read -
Smart Upgrades for Decks
A few cost-effective add-ons can give a modest deck an edge and deliver a handsome payback should you sell your house. Read
Wednesday, May 30, 2012
Home, Neighborhood, Location – This One Has It All
509 Cloverview Ct., Howell 48843 - MLS# 212053920
Located in the Lakewood Knoll sub just off Latson Rd., this 1996-built 2-story home has 4 bedrooms, 2 full and 1 half baths, 2200 sq ft of living space, refinished hardwood flooring, new stainless steel appliances, 5 new replacement windows, a new water heater, a new garage service door to the back yard, and a basement that is framed, rough plumbed and wired. All for $179,900.
Located between Grand River and Golf Club Rd., you’re close to the new retail shopping district at Latson and Grand River, including Meijers, WalMart, a variety of restaurants and other shops as well as I-96 Exit 141. Like to golf? This home is a short drive to either Chemung Hills or Faulkwood Shores, and the Tom Deaton pro shop and driving range is nearby, too. It’s in the Howell School District but the location is Genoa Township for lower property taxes. This sub has sanitary sewers and municipal water, so you don’t need to worry about well and septic.
In addition to the other improvements mentioned, it has been freshly painted and carpeted and is truly a ‘move-in’ condition house, just waiting to become somebody’s home. Wells Fargo pre-approval is required to place an offer. Call me if you need more details. I know it’s a trite real estate saying, but in this case I do believe that this home is going to sell very fast.
We have lower inventory now that a year ago, so buyers need to work with an active and knowledgeable agent. If you know somebody that needs real estate services (buying or selling), please consider sending them to me. My main market area is Livingston County, western Wayne and Oakland Counties and northern Washtenaw County.
Friday, May 25, 2012
Livingston Realtors Excel at Food Drive
The Livingston County Association of Realtors (LCAR) have conducted their 10th annual food drive for Gleaners Community Food Bank (GCFB). Titled, “Fill The Gazebo”, it started at the Brighton Millpond Gazebo but has since expanded to a Howell location at the Historic County Courthouse, as well as some grocery store locations, some as far away as Fowlerville.
This year, over 3 tons of food and more than $11,000 were collected due to the generosity of the community. Since its beginning, ‘Fill The Gazebo’ has collected more than 61 tons of food and over $72,000.
Hunger is a growing problem in Livingston County. If you’ve ever dropped off food at the GCFB pantry, you know that they are serving a lot of people. The Livingston food pantry does not collect enough food to serve our own County, and food actually has to be brought in from other Counties to meet the need.
The next time you see a great deal on non-perishables or staples at your grocery store, consider picking up some extra items to drop off at the pantry. Or better yet, make a monetary donation. With their extra buying power, Gleaners can actually stretch a dollar much further than you or I. The Livingston pantry is at 5924 Sterling Drive, Howell 48843 – just off Dorr Rd and south of Grand River.













