Home on 22 Acres in Leelanu County

6195 E Hoxie Rd

Cedar, MI

Bank owned, bring any and all offers! Spacious home on 13+ acres with beautiful Leelanau County views. Move your horses right in to the barn with 4 stalls. Well-built 4BR/2.5BA home that needs some TLC. Offers: Cathedral ceilings, coyer entrance, walk-in closets, hardwood flooring, pantry & breakfast nook. Outside you will find a large deck/balcony overlooking beautiful, open property. Full finished walkout lower level along with a 2 car attached garage. Located in the heart of Leelanau County. Priced for quick sale.

$248,600

Listing Details

For more information, Jeff Yule at 231-392-6795 or jspyule@remerica.com

 

Cottage with Private, Direct Frontage on Old Mission Harbor

18494 Dougherty Lane

Traverse City, Mi

183’ direct water frontage on approx. 2.5 acres in peaceful Old Mission Harbor. Sandy bottom beach for swimming, boating & fishing. Or just relax in your own private paradise. Breathtaking views of the Harbor. The cottage has a warm, rustic feeling, w/a 3-way fireplace & knotty pine thruout. Open kitchen, dining & living room, an office/study area & covered porch. Lots of windows overlooking the sparking water of E Bay. 2 of the BR’s have ¾ baths. Perfect for vacation or year-round. Property can be split.

$749,000

Listing Details

For more information, Jan DeWildt 231-620-4562 or jan@remerica.com

Home on 22 Acres South of Kingsley

830 County Line Rd

Kingsley, Mi

Country setting south of Kingsley, close to state land and Manistee River. Home has recent updates: maple cabinets, open floor plan, partially finished basement & more. Property can be split, great for horses. ALL OFFERS SUBJECT TO THIRD PARTY APPROVAL.

$159,900

Listing Details

For more information, call Sharon Reid-Brown at 231-632-6260 or sharonreid@remerica.com

Fieldstone Farmhouse Near Fife Lake with Tons of Charm

6234 Gonyer Rd

Fife Lake, Mi

Charming stone house with a totally modernized interior. Very nicely completed renovation needing some finishing touches. Outbuilding needs some seriously deferred maintenance. Set off the road, with large front yard, mature trees, it is a nice shady spot, cool with the stone house and wafting countryside breezes. If your quiet you can hear them accompany the birds in the background.

Listing Details

$59,900

For more information, call Gail Matthews 231-620-6138 or gail@remerica.com

Commercial Property Between Interlochen & Honor

18798 Honor Hwy

Traverse City, MI

Zoned C-1. Allows for most commercial uses on 4.53 acres. 300 feet of road frontage on US-31 South. Lot graded and drainage installed in 2005. 30×40 pole building with office/storage room/restroom & 16×24 paint booth and 2 air compressors. New 2005-insulation/dry wall/windows/doors/furnace/water heater/bathroom. Seller is licensed Broker in state of MI.

$199,900

Listing Details

For more information, please call Nichols Team at 231-941-8283 or tcinfo@remerica.com

2301 Morgan Run Dr

Traverse City, MI

Fabulous 3bed/2bath home. Quality finishes include oak cabinetry & trim, peninsula w/breakfast bar in the kitchen, 90+ furnace, extra large attached garage w/steel insulated doors & paved drive. Living room features a gas fireplace w/beautiful mantel & soaring vaulted ceilings. Gorgeous ceramic tile throughout the main floor dining, kitchen, laundry & 1/2 bath. Lower level has egress window & all mechanics tucked away for easy finishing. Outbuildings allowed!

$172,900

Listing Details

For more information, please call the Nichola Team at 231-941-8283 or tcinfo@remerica.com

Weekly Mortgage Forecast/Update

Week of: Monday, August 18, 2008

Present Market Conditions
Mortgage rates barely reacted to last week’s Consumer Price Index (CPI) report, which showed that inflation rose more than was expected, and ended the week essentially unchanged. Mortgage rates usually move higher after an unexpected increase in inflation. This time they did not.

Expectations
Minneapolis Federal Reserve Bank President Gary Stern noted that the decline in energy prices has slowed the inflation outlook, allowing the Fed “to be patient” on whether to boost interest rates. Economic weakness at home and abroad, a stronger dollar, and a decline in oil prices is bringing hope to Wall Street investors that the Fed will refrain from raising interest rates this year.

Guidance
With housing prices favoring a buyer’s market and rates holding, now is the best time to contact Georgie. Leverage her knowledge and expertise to structure a mortgage solution that meets your financial goals.

Traverse Mortgage Corporation

231-947-9700    800-968-3680

georgie@traversemortgage.com

Real Estate, Hunting & Blueberries in Northern Michigan

The press of business continues to prevent us from contributing as much as we’d like. Sorry to those that may have been waiting for the latest. As most of you hopefully know by now we are completely relocated to our new offices at:

831 S. Garfield in Traverse City across from Ethan Allen. Our interior build-out resulted in much improved space, conference rooms, agent stations & offices, plus more & all brand new, top-of-the-line. Always more to do & hopefully we’ll complete that soon.

As with most transitions & business expansions come delays & unforeseen issues but overall it went well & we are open for business, new & improved.

During our build-out period I was fortunate enough to list some amazing recreation-type properties, plus riverfront parcels w/ cabins on them & more. My specialty continues to be vacant, recreational-style properties & I especially enjoy the opportunity to familiarize myself with each.

     

Over the past month or so I’ve listed two 40 acre Boardman River parcels a 300 acre parcel & others. My travels have produced some breathtaking photos that I’ve attached & outdoor experiences that I hope to have again soon.

    

On the 300 acre parcel near Kalkaska I was able to observe & photograph an 8-point Buck in full velvet from up close. While walking a portion of the property I woke him up from an afternoon rest in the cool shade of a young hardwood thicket. He just stood there & stared back at me long enough to allow me the attached shot. What a great day & the second decent Buck I’ve seen here only this one stuck around long enough & close enough to get to know a little better.

 How about those wild Blueberries this year? On a 200 acre parcel north of Lake City that we have listed I was able to pick within 20 minutes a nice amount of wild blues. Tasty, tasty & enough to share even! The size of them & the amount were amazing this year. I’ve never seen them so thick & so big.

 What a great summer & looking forward to a great fall season. Later this week I hope to list another Boardman river property as well as some creek front acreage. I’ll be sure to bring the camera along in hopes of sneaking up again on the local inhabitants & taking advantage of our stunning northern Michigan landscape. Until then….

Brad Nichols

Broker/Co-Owner

brad@remerica.com

231-941-8283

Investing in U.S. Residential Real Estate

Despite the current credit crunch and market turbulence, investment in U.S. housing is a good bet as long as investors and developers consider the increasingly complex environment, writes Richard Hanson, in a Summer 2008 Real Estate Issues article published by The Counselors of Real Estate. Factors he notes to consider include changing housing demographics that favor dense urban living, rising energy costs and declining supplies, and the cost and availability of food. The article charts U.S. home prices over the past two decades and the increasing need for housing, and speaks to the impact of employment, interest rates, and energy supply along with other factors that can help both developers and foreign investors understand that the perception of weakened U.S. residential real estate markets may be more psychological than technically true. While at the CRE site, REALTORS® should check out the Real Estate Issues archive of articles (select “International” under Topic). The search results produces 75 past abstracts with access to full PDF articles written by Counselors.

 

Increase in Foreign Tourism in U.S. Can Mean Business

The weaker U.S. dollar has been a boon to the American tourism sector. According to the U.S. Commerce Dept., 4.7 million international visitors traveled to the U.S. in March 2008, up 19% from March 2007. Visitation from overseas markets has grown for 11 consecutive months, with visitors spending a record $11.4 billion during the month, up 20% from the same month the previous year, according to commerce data. NAR’s new 2008 Profile of International Home buying Activity reports that the majority of foreign buyers (55%), purchased a U.S. home to use as a vacation venue for family and friends (up 8% from the 2007 study). REALTORS® working in markets attracting foreign tourists should look to these visitors as potential buyers. Consider advertising in places to target these visitors, e.g., hotel visitor guides. Partner with area tourist services to offer an free service or upgrade in exchange for an afternoon property tour, designed specifically to appeal to foreign buyers. Learn more about what these buyers are seeking in the NAR study, including barriers to purchasing property. Current U.S. immigration laws prohibit stays beyond six months for foreign visitors. To best serve these clients, know the U.S. visa policies.

Become knowledgeable about this international market. Sign up TODAY for our class with Marcus Wally.

  Kimberly R. Pontius

Traverse Area Association of Realtors

Executive Vice President

kim@taar.com

Spacious 3BR Ranch near Traverse City

3034 Zimmerman Rd

Traverse City, MI

EXTRA EXTRA!! This large ranch offers open floorplan w/Nat fireplc, bay window, kitchen w/island and veg sink & pantry. Master suite offers private ¾ bath. LL has finished rec/fam room (DEN dim), ½ bath, and tons of storage. Garage has attached 17.7×17.7 work room with dbl exterior doors/workbench/ separate 100amp elec. and phone lines and a bonus 14.6×9.7 office type area. Extensive decking.

$169,900

Virtual Tour URL  Listing Details

For more information, please call the Nichols Team 231-941-8283 or tcinfo@remerica.com