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Archive for the ‘Multi-Family’ Category
Traverse City Investment Opportunity – Duplex for Sale
Posted by remerica on March 31, 2008
Walk-in closet
Posted in Grand Traverse County, Multi-Family, Northern Michigan, Real Estate, Selling, Single Family, Traverse City, traverse city real estate | Leave a Comment »
Cute Starter Home on South Airport in Traverse City
Posted by remerica on March 27, 2008
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Living room
Posted in Buyers, Creekfront, Grand Traverse County, Land Contract, Multi-Family, Northern Michigan, Real Estate, Single Family, Traverse City, traverse city real estate | Leave a Comment »
No Time for Sleeping Sellers
Posted by remerica on March 24, 2008
Positive thoughts are essential in this down housing market and it is time for sellers and Realtors to go back to basics. The technology age is in “hyper-overdrive” when it comes to the housing sector with nothing but one negative thought after the other following, and feeding on, the next set of negative statistics and hyped by the media.
While Michigan may have led the nation into the housing recession due in not small part to the inability of the American automobile industry to get their act together (still promoting horsepower and gimmicks rather than efficiency, miles per gallon and cost per mile) we are seeing great real estate buying opportunities but can do much better as both sellers and Realtors.
So what is it that can be done to enhance home sale opportunities?
First, a few relevant concepts and factoids that seem to be in play at this time:
1. Any appraisal more than six months old is worthless.
2. Neighborhood sold properties used in market analysis may no longer be valid.
3. Banks have an inventory of foreclosures negatively impacting resale homes and new built homes.
4. Many of the articles and “breaking news” factoids are repeats of yesterday’s news and simply repackaged and presented as new – over and over.
5. Testing the water to see what my home is worth is a very antiquated concept.
So what to do?
1. Price it right and aggressive from the beginning. Be prepared to reduce the price every couple of weeks.
2. Offer a substantial commission or Realtors will move to one with a larger commission because of the inventory available – buyers market in every way!
3. Clean, repair, polish everything, trash out, power wash; lighten the logistics load as it is truly “white glove” inspection time. If there ever was a time to complete cleaning and fix up now is the time. Buyers make their “like-don’t like” decision within seconds of entering your home.
4. Offer a selling bonus to the selling broker or other incentives – anything to get people into your home.
5. Hire a broker that understands the internet and lists on multiple sites – a sign in the ground and on suedoe.com or joedoe.com won’t get your home sold or even seen on the internet.
6. Don’t hire a friend to sell your property. You are selling the largest asset that you most likely own and you need a professional who can represent YOUR interests. Amateur hour it is not.
7. Be sure your Realtor can string two thoughts together and write a complex sentence.
8. See if your agent answers his/her phone after hours and on the weekends. Buyers want to talk with someone now when they call, not to some answering machine or uninformed agent.
9. Give any offer, especially a first offer serious consideration as it may be the best one you will receive. Don’t pass up an offer believing that a better offer is just around the corner.
10. Be prepared to negotiate.
Real estate sales by nature are adversarial. You have a buyer and a seller how can it be anything but adversarial? Somebody is going to beat the other person out of a few bucks and for me that is a very negative experience.
You need a tough, tested and sometimes not so nice professional negotiator who will represent YOUR interests.
You know where to come when you need one!
Written by:
Brent Nichols
Co-Broker/Co-Owner
231-941-8283
Posted in Agent News, Commercial, Condos, Multi-Family, Northern Michigan, Real Estate, Selling, Single Family, traverse city real estate | 1 Comment »
Diesel Prices Impacting Home Buying?
Posted by remerica on March 19, 2008
Items for contemplation:
Being an old diesel head, by my calculation diesel fuel is up in the last year more than 40%.
Because diesel fuel is used for every form of transportation (trucks, trains, airplanes, delivery trucks) it should not be any surprise that the cost of food products, durable goods, building materials, equipment, you name it has increased in cost at far greater rate than the general inflation rate.
The loss of the Bear Stearns investment house and purchase by JP Morgan supported by the FED clearly is an indication of just how deeply the fuel and housing crisis is impacting our daily life and, for us involved in the housing sector, the ability to achieve the American dream of home ownership.
Across the board we are seeing major builders in turmoil, small and large builders in foreclosure, banks making margin calls, investors loosing their nest eggs, personal portfolios being attacked by recessionary fears, the depreciating dollar, the ever stronger Euro, oil going up daily and no end in site for downward price adjustments in home sector.
Because Michigan led the nation in an uncontrolled economic flat-spin (sky-divers term for an out of control free fall) we are now seeing buying opportunities far ahead of the nation. Now is the time to buy individual homes; now is the time to buy packaged foreclosures; now is the time to buy development properties; now is the time to invest in our State because it is the right economic decision for you at this moment in time.
So what does diesel fuel have to do with housing, simply put everything! Every building product used in some way is dependent upon the consumption of diesel fuel. Generators, trucks, cement mixers, delivery trucks, processing plants, worker to/from work transportation etc. At the moment the impact of soaring diesel fuel costs is just beginning to be understood and the dramatic impact of diesel fuel has not yet been fully impacted in the housing industry as it has been in some sectors of the economy (freight haulers for example).
Bottom Line: Buy now while the price of homes and building materials are at record level lows and before the price of diesel begins to boost the price of homes and commercial projects.
Brent Nichols
Co-Owner/Co-Broker
Posted in Agent News, Buyers, Commercial, Condos, Euro Buyers, Foreclosure, Land, Michigan Economy, Multi-Family, Northern Michigan, Pre-foreclosure, Real Estate, Recreational, Selling, Single Family, Vacant Land | Leave a Comment »
Traverse City Duplex for Sale
Posted by remerica on March 14, 2008
1762/1764 Linden Ave
Traverse City, MI
Great investment opportunity! Move-in ready, like-new condition for this duplex conveniently located in Traverse City. Each unit has a laundry area and its own garage located between the units providing privacy and noise reduction. Additional storage in the crawl space. Generously sized backyards for both units with patio and fire pit, with privacy fence between units. Left unit currently open so can be owner occupied or leased!
For more information call Diane Mack (231) 631-1462 or dianemack@remerica.com
Posted in Buyers, Grand Traverse County, Multi-Family, Northern Michigan, Real Estate, Selling, Single Family, Traverse City, traverse city real estate | Leave a Comment »
Market Update & MSHDA Change
Posted by remerica on March 11, 2008
MSHDA increases the rate to 5.375%
Week of: Monday, March 10, 2008
Present Market ConditionsTremendous volatility was the continued theme for financial markets last week. Investors and consumers are hopeful that aggressive Federal Reserve actions coordinated with strong banking industry reforms might counter much of the negative news that is dominating the major media outlets. Record high oil prices and the latest job loss numbers have created the most recent round of negative sentiment.
ExpectationsAnother expected Feds Funds rate cut on March 18th will, at a minimum, add some psychological improvement to the housing and financial market woes. FNMA and FHLMC raised their lending limits, allowing for greater access to capital and the ability for the nations two largest investors to help struggling homeowners refinance and purchase homes. Middle range fixed rate mortgages, those with fixed terms between 5 and 7 years, should become very attractive over the coming weeks and months.
GuidanceNow is an excellent time for consumers to take advantage of the historically low rates. Contact Georgie to discuss a tailored mortgage solution to meet your unique financial goals. 
Traverse Mortgage Corporation(231) 947-9700 (800) 968-3680
Posted in Agent News, Buyers, Buying, Commercial, Condos, Euro Buyers, Fixer-Upper, Home Loans, Michigan Economy, Multi-Family, Northern Michigan, Pre-foreclosure, Real Estate, Selling, Single Family, Vacant Land, Weekly Market Forecast | Leave a Comment »
Now IS the Right Time to Buy in Michigan!
Posted by remerica on March 10, 2008
Weakness in the market has always been equated to buying opportunities. Never has this axiom ever been more accurate then the chance for investors to buy properties in Michigan at significantly discounted prices.
As most of the nation knows Michigan has been in a recession for several years as a result of loss of jobs in the all important automobile sector, high state taxes, a generally anti-business mentality and environmental concerns that are now being addressed to permit a more friendly business climate. ALL of the negative this is changing far ahead of the rest of the nation and translates to opportunity.
In every cloud there is a little gold. Only now are other states beginning to feel the harsh pinch of foreclosures, unemployment etc.. Michigan may have led the way down but the real estate market HAS stabilized and is producing great investor opportunities in the real estate market throughout the State.
Want a single family home; commercial buildings; bundles of foreclosed single family home properties; manufacturing facilities; vacant land; idle developments with installed infrastructure; your call!! There remains a significant unsold inventory throughout the State and that spells opportunity!
For investors of all categories now is the time be it Canadian, Middle Eastern, US or Euro based investors. Email for more information or to establish a relationship with a professional.
Brought to you by:
Brent Nichols
brent@remerica.com
(231) 941-8283
Broker/Owner
Posted in Agent News, Buyers, Buying, Commercial, Condos, Euro Buyers, Fixer-Upper, Foreclosure, Land, Michigan Economy, Multi-Family, Northern Michigan, Pre-foreclosure, Real Estate, Recreational, Short Sales, Single Family, Vacant Land | Leave a Comment »
Welcome to the Future of Real Estate
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 »
