Posted by remerica on February 28, 2008
Major downward price adjustments in real estate have been the order of the day in Northern Michigan for the past several months making Northern Michigan a tremendous buying opportunity for investors, home buyers and those looking for vacant land in paradise.
The brakes seem to have finally gone on regarding foreclosures as new foreclosures declined dramatically in January 2008. According to several recent articles the reduction in foreclosures in Michigan dropped by as much as 7% in January. Fishing for the bottom? Who knows!
If you are a Euro buyer looking for real estate of all classifications now is the time. Banks are selling short on those properties they own as they try to blow out their unwated inventory of homes and we are now seeing a dramatic round of “pre-foreclosure” bank approved price adjustments to keep banks from owning more property.
Bank foreclosure and pre-foreclosure approvals have put great pressure on builders and private home sellers alike. If you are buying now is the time to acquire your real estate in Northern Michigan. Wait no longer – time to buy!
Brought to you by:
Brent Nichols (brent@remerica.com)
Broker/Owner
Posted in Buyers, Buying, Euro Buyers, Foreclosure, Michigan Economy, Northern Michigan, Pre-foreclosure, Real Estate, Short Sales | Leave a Comment »
Posted by remerica on February 25, 2008
Our claim to fame at Remerica-Traverse City is simple: “Real Estate Done Right”™. The bottom line – we’re different than the run-of-the-mill Real Estate agency. Given that we’re a smaller operation, minus the hundreds of mediocre agents and impassive brokers, we will better serve you with more personal one-on-one attention. Our Realtors are seasoned veterans of the real estate market, offering years of experience selling and buying homes and properties in Traverse City, Benzie, Beulah, Kalkaska, Manistee, Leelanau and the surrounding areas whether it be waterfront, vacant land, river front, downtown condominium or a home on acreage.
We are firm believers in the power of the internet, utilizing more than 60 different websites to actively market our listings. We have created a powerful tool for promoting your home, acreage, condo or waterfront. More than 80% of home buyers begin their real estate search online and we’ve tapped into that infinite source.
Located in Northern Michigan, our main office is situated near downtown Traverse City. The Traverse Area region is home to gorgeous vineyards, rolling cherry orchards, blue sailing waters and so much more. Let us help you find that perfect property in Northern Michigan that you desire. And sellers, we’re always ready to list your home, waterfront retreat, riverside condo or acreage.
Our team of real estate professionals are readily available to serve all your realty needs. It is our mission to prove “Real Estate Done Right” ™ is the difference you deserve.
Posted in Antrim County, Benzie County, Commercial, Condos, Grand Traverse County, Kalkaska County, Leelanau County, Manistee County, Missaukee County, Multi-Family, Real Estate, Single Family, Vacant Land, Wexford County | 1 Comment »
Posted by remerica on February 25, 2008
Fairlane Condos
217 Fair Street, Traverse City
Great in-town location near Civic Center, NMC College, schools & shopping. Recent condo conversion, newly rehabbed condos available, updated roof, heating system, AC, appliances, carpet, paint, etc. 9’ door walls, 6 x 11 deck. Association fees $197/mo includes heat, hot water, municipal sewer & water.
For more information contact David DeMerchant 231-645-2777 or davidDEM@remerica.com. Click to view details.
Posted in Condos, Grand Traverse County, Real Estate, Traverse City | Leave a Comment »
Posted by remerica on February 25, 2008
Week of: Monday, February 11, 2008
Present Market Conditions
Freddie Macs chief economist Frank Nothaft stated that Long-term mortgage rates were little changed last week, largely in sync with the movements in the Treasury bond yields during the same time. Stocks ended mixed last week due to the Feds stimulus plan approval and positive corporate news failed to resuscitate buyers. Investors just cant seem to shake off recession fears. U.S. stock futures made modest gains to start the week as investors weighed speculation about a number of major corporate deals.
Expectations
Amid much uncertainty and volatility in the financial markets, market players, economists and analysts will look to the data in the coming weeks for a handle on the economic outlook and monetary policy. Retail sales data in the week ahead stands out among the reports as most critical because two-thirds of all economic activity is based on consumer spending. This fact will keep investors waiting for the Retail sales and Consumer Sentiment reports due out later this week.
Guidance
Now is the time for consumers to take advantage of the currently low rates. Contact Georgie so she can structure you mortgage to meet your financial goals.
Traverse Mortgage Corporation (231) 947-9700 (800) 968-3680
Posted in Real Estate, Weekly Market Forecast | Leave a Comment »
