Kingsley to Traverse City
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Archive for the ‘Pre-foreclosure’ Category
Price Slashed $30K – Attention Horse Lovers
Posted by remerica on April 3, 2008
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Central A/C
Posted in Buyers, Grand Traverse County, Kingsley, Northern Michigan, Pre-foreclosure, Real Estate, Single Family, horses, traverse city real estate | Leave a Comment »
Kingsley Homes – Under Construction – Yours to Finish
Posted by remerica on March 21, 2008
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Posted in Buying, Grand Traverse County, Kingsley, Northern Michigan, Pre-foreclosure, Real Estate, Selling, Single Family, Traverse City, Vacant Land, traverse city real estate | Leave a 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 »
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 »
Short-Sale Opp – Newer Ranch in Interlochen
Posted by remerica on March 7, 2008
1563 Green Oak Dr
Interlochen, Mi
Nearly new contemporary ranch has much to offer; full, finished basement w/large BR & family room (go ahead, make it into a game room). Main level offers hickory cabinets & Corian countertops in the kitchen. Beautiful natural stone FP in the living room, making it perfect for snuggling close to. Large (10.5 x 6.5) main floor laundry (no more stairs mom), private master suite w/private bath. In the evenings, sit on the covered front porch or out back on the large deck. Oversized garage. Imm. possession! $174,900
Click for detailed information
For more information call Jan DeWildt at 231-620-4562 or jan@remerica.com.
Posted in Buyers, Buying, Euro Buyers, Grand Traverse County, Interlochen, Northern Michigan, Pre-foreclosure, Real Estate, Short Sales, Single Family, Traverse City | Leave a Comment »
NORTHERN MICHIGAN BUYING OPPORTUNITIES
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 »
