Posted on June 9, 2017
Housing Coming To Thirteenth Street?
June 9, 2017
Posted on May 30, 2017
Grocery Shopping Without The Store: My Shipt Experience
May 30, 2017
Posted on May 23, 2017
Posted on May 8, 2017
Visit REALTOR® Magazine’s Styled, Staged & Sold blog for the latest remodeling and design trends.
NAHB’s survey showed these are the most common jobs for remodelers:
- Kitchen remodeling: 81%
- Bathroom remodeling: 80%
- Whole-house remodeling: 53%
- Room additions: 45%
- Windows/door replacement: 36%
- Finished basement: 27%
- Repairing property damage: 27%
- Decks: 25%
- Bathroom additions: 24%
- Roofing: 23%
- Enclosed/added porch: 23%
- Handyman services: 22%
- Siding: 19%
- Second story additions: 16%
- Enclosed/added garage: 12%
- Historic preservation: 9%
- Finished attic: 7%
Fifty-three percent of remodelers say “whole-house remodeling” has become a much more common project, the survey notes. It’s also the first time since 2006 that more than half of the respondents to NAHB’s survey have cited anything besides kitchens and bathrooms as a common type of remodeling project, the index notes.
Source: “Remodeling in 2016: Kitchens Reclaim Top Spot From Baths,” National Association of Home Builders’ Eye on Housing blog (May 5, 2017)
Posted on May 1, 2017
How Much Does It Cost to Sell a House? Here’s a Reality Check
Posted on April 24, 2017
Posted on April 18, 2017
Posted on April 11, 2017
While nearly 40 percent of aspiring homeowners believe they need to put down 20 percent on a home purchase, the truth is the average down payment was just 11 percent in 2016, according to the National Association of REALTORS®. To help your clients understand the strength of their current financial profile when it comes to buying a home, mortgage industry blog MGIC Connects has created a Buy Now vs. Wait calculator that can show them whether they’re better off waiting and continuing to save for a bigger down payment or buying now with less money upfront.
There are hundreds of down payment assistance programs around the country. Sign up for this webcast on April 20 at 2 p.m. ET to learn how to connect your buyers to the help they need.
The calculator factors in information such as the current rent your clients are paying, amount of their monthly savings, and creditworthiness. Users can submit other information such as desired home price, current amount of savings for a down payment, and an estimated interest rate. MGIC Connects offers the following example of how its calculator works:
A consumer has saved $10,000 of the $40,000 needed for a 20 percent down payment. She can add about $6,000 a year in savings to that. She wants to purchase a $200,000 home. The calculator allows her to see the cost of the home purchase if she did a 3 percent or 5 percent down payment. The calculator also shows that if homes prices appreciate, say, at 3 percent annually, the amount she’d need for a 20 percent down payment would be $48,552, and she would need more than 6 years of savings before she could buy.
During that time, she will have paid more than $80,000 in rent, while her home equity position would be more than $72,000 had she bought six years ago. None of this is meant to encourage prospective borrowers to buy a home before they are ready. It is in everyone’s best interest for borrowers to succeed, so borrowers need to be comfortable not only with the mortgage payment but also the other responsibilities that come with homeownership.
Source: “Waiting to Save for a 20% Down Payment Can Cost Homebuyers Money,” MGIC Connects (April 5, 2017)
Posted on March 23, 2017
911 Texting Coming To Grand Traverse County
March 23, 2017
Posted on March 17, 2017
Near Town, Schools, Lakes
• lot / land – $260,000. Prime Development Parcel
The Highlands , East Bay Township – Developers Dream – 58+ hilly/rolling partly wooded acres with wonderful mix of Hardwoods, evergreens & open spaces perfect for walk out basements and tons of deer sign. Located just out of Traverse City and near schools, stores, & lakes with natural gas, underground utilities, cable tv/high speed internet all available. Property is pre-approved site condo development as Phase 3 of “The Highlands” with county maintained streets. Previous perk test on file. Also available 42.49 acres ( Phase 2 The Highlands) for $240,000 on corner of 4 Mile and Potter Roads.