February 2014

There are 10 blog entries for February 2014.

Purchases of new U.S. homesunexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of unusually harsh weather.

Sales increased 9.6 percent to a 468,000 annualized pace, exceeding the highest estimate of economists surveyed by Bloomberg and the most since July 2008, figures from the Commerce Department showed today in Washington. Demand improved in three of four regions.


Home remodeling companies such asMohawk Industries Inc. (MHK) remain upbeat about the market’s prospects for 2014 as property values climb and the economy improves. Nonetheless, limited housing supply, rising borrowing costs and still-tight credit conditions are preventing the industry from making even

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So we were always proud of "BEING" a GREEN Real Estate Company...But we are very excited we WILL "BE" GREEN in color. But don't worry MAIZE and BLUE fans! We will get over there too, saving you money selling your home as well!  If you know of anyone buying or selling a home in Lansing...Let us knows! Hope to see you over there!

GO STATE...AND UMMM...MICHIGAN!!!!

And Yeah....We can LOVE BOTH:) And no you cannot ask us which one is our favorite:) They both are! 

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A mortgage pre-qualification letter is a lender’s non-binding estimate of a mortgage that may or may not be backed by borrower documentation.  A pre-qualification can be based on a borrower’s verbal representations regarding income, debt to income ratios, credit scores, and net worth.  It merely estimates the amount of mortgage the borrower may be eligible to obtain if the information provided by the borrower is true.

Pre-approval on the other hand, means that the lender is ready to go forward with the mortgage based on all of supporting documentation provided.  Typically, the lender has obtained tax returns, financials, and credit scores and the borrower is pre-approved for a mortgage falling within a certain price range.    The lender’s pre-approval

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The Michigan State Housing Development Authority is offering up to $7,500 to homeowners who need help in moving into their next home. Jim Harger | jharger@mlive.comBy Jim Harger | jharger@mlive.com  Follow on Twitter 

on February 24, 2014 at 12:14 PM, updated February 24, 2014 at 12:47 PM
GRAND RAPIDS, MI – Cash-strapped homeowners who want to move into another home can qualify for up to $7,500 toward the purchase of a new or existing home through a program unveiled on Monday, Feb. 24 by the Michigan State Housing Development Authority.

The “MI Next Home” program is designed to kick-start the state’s real estate market, where many homeowners find they need help before they can move into another home, according to a group of MSHDA officials and local politicians

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The Michigan State Housing Development Authority helps homebuyers with down payment assistance to buy a new home of up to 4 percent of the purchase price or up to $7500! Based on income levels that vary by county - generally range from $70,000 for a household of two people to just under $100,000 for a household of three plus.
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ListTrueWhen you make an offer on a house in Michigan one of the questions your agent will ask you is: How much of a deposit do you want to you want to include with your offer to purchase? The size of the deposit shows the seriousness of your offer.

The earnest money deposit or good faith deposit ties you to the purchase agreement. Once the offer has been accepted, the real estate agent is required to deposit the check in the broker’s bank account within 48 hours (2 business days). You get the deposit money back if any of the contingencies you listed fail to clear; e.g. home inspection problems, inability to obtain financing, zoning, boundary, survey, and legal title issues. You may decide to cancel the purchase agreement if the contingency issues cannot be

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ListTrue Inc.® is a proud member of the National Association of Realtors® (NAR). NAR members who discriminate based on gender identity are in violation of their ethical code, following a vote conducted in November, 2013, which added the protected class, according to a report from REALTOR® Magazine. Two years ago, NAR members voted to add sexual orientation as a protected class to their ethical code. This is the second time that the REALTORS® Code of Ethics was amended to include a protected class that's not a part of the Fair Housing Act (FHA).

Title VIII of the Civil Rights Act of 1968 (the Fair Housing Act) prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color,

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GRAND RAPIDS ASSOCIATION OF REALTORS®

COMPARATIVE ACTIVITY REPORT

JANUARY, 2014

Note: This report reflects closed sales and current activity (sales written) in the following areas: Kent County, Georgetown and Jamestown Townships in southeastern Ottawa County, Ionia County, the 6 townships in northeastern Allegan County, and the northern half of Barry County (including all of Gun Lake).

 

2014

2013

% Chg

# of Current Listings

 

Avg DOM

January New Listings (homes)

848

1,121

-24.4%

Residential

2,574

113

New Listings YTD

848

1,121

-24.4%

Multi-Family

162

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Resort property is defined as follows:

Property that lends itself to vacationers, recreation or leisure activity because of its natural resources or beauty, or its improvements.  Waterfront homes, hunting parcels and golf course frontage are just a few examples of what would be considered resort property.

The west Michigan area has plenty of these types of properties available due to our wonderful Lake Michigan shoreline and all of our inland lakes, rivers and other waterways. The vast forests and abundance of golf courses throughout our part of the state lend themselves to those of us who wish to enjoy all that the great outdoors has to offer. 

There are obviosly a great number of Realtors in west Michigan that you could chose to represent you

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