Friday, January 29, 2010

4848 Queens Circle, Gladwin MI - SOLD!

Nice Waterfront Chalet in Sugar Springs
3 Bedrooms, 1.5 Baths, 2 Car Garage

SOLD!!!


Cute cottage or year round home on beautiful Lake Lancelot! Enjoy lakefront living at it's best. This home features large rooms, newer windows & roof. Enjoy the beautiful sandy beach and lovely shaded lot, overlooking a clean and quiet cove, just off of the main lake. There is even a permanent dock for you boat. Includes most furnishings. Great location at an even better price!


Wednesday, January 27, 2010

Why Buy Now?

Written by Ivie K Baker - January 26th, 2010

There is a long list of reasons why NOW is a great time to buy real estate! The stars and planets have aligned and the real estate environment is in the perfect position. Well, maybe that’s a little exaggerated, but you’ll never see a better time to buy a home or property.

According to many real estate experts, most believe that we have seen the bottom of the market and sales are going to start to up-tick in 2010. Of course, we aren’t going to see those soaring real estate prices for a long time, but we should start seeing some markets appreciate in value across much of the USA.

According to an article in the January 2010 National Association of Realtors Magazine, (Easier Money, Steadier Sales), one expert predicts that we could see existing home sales raise by 13.6 percent in 2010. That’s great, considering that in 2009, we only saw an estimated 2 percent increase over 2008.

So, why should YOU buy now? There are several very valid reasons. If you are a first time home buyer, you may be eligible for the $8,000 tax credit, if you purchase a home before April 30th, 2010 or have a valid purchase agreement signed before April 30st 2010 and the sale closes on or before June 30th, 2010. If you are a current home owner, you may be eligible if you have used the home being sold or vacated as a principal residence for five consecutive years within the last eight! To find out more about the Home Buyers Tax Credit, visit http://www.irs.gov/newsroom/article/0,,id=204671,00.html

There are other key factors that make this a great time to buy! Home and land prices are at a recent all time LOW. In most markets, prices have already hit bottom. Experts say that we should start seeing prices appreciate in the near future. As real estate sales start in increase, prices will stabilize and many markets will start to see a subtle rise in price as consumers decide to take the plunge and take advantage of the market.

Along with the lower housing prices, mortgage interest rates are still holding very low. This is key for enticing buyers into making a purchase in this market. Obtaining a new mortgage is also getting a little easier too. When the mortgage crisis first hit and HVCC (Home Valuation Code of Conduct) was put into place, we saw some very poor and inaccurate appraisals surface. This was due to the insane regulations that were put on the appraisal market. Lenders were forced to use third party referral companies to order their appraisals and in many cases, appraisers were sent into areas where they were unfamiliar with the local market. This resulted in low and inaccurate appraisals.

Since then, other regulations have been put in place to allow only appraisers who are familiar with the local markets, to do appraisals in those areas. This has improved the quality of the appraisals being done throughout the nation, making it a easier for buyers to secure a mortgage.

Currently, there are several programs out there to help lower income families purchase a home. FHA is also lightening up their restrictions and now allowing some manufactured home purchases though their program. In my Michigan market, there are still programs, such a USDA Rural Development and MSHDA (Michigan State Housing Development Authority) programs, to help make owning a home affordable for many Michigan families.

Find out more about these programs here:
USDA Rural Development: http://www.rurdev.usda.gov/mi/
MSHDA: http://www.michigan.gov/mshda

For second home buyers, there are still advantages to buying in this market. The biggest advantage is, that prices have come down and interest rates are still low; even for second home purchases. In my local market (Clare/Gladwin Counties, MI), even waterfront homes have come down in price between 1/4 to 1/3, compared to two years ago.

Many second home buyers are finally taking advantage of the decreased prices to purchase a vacation home, which may have been out of their price range several years ago.

Also, contrary to popular belief, there are lenders out there, who will mortgages on second homes with just 10% down. I personally recommended one in particular lender, who has closed several deals for my clients in the past 6 month, with just 10% down. This has created additional sales that may have not come together, considering that most lenders are now requiring a minimum of 20% down for this type of purchase.

Vacant land is also easier to buy. With just 15% down with a good credit score, many buyers are purchasing vacant lots and acreage with reasonable down payments and fixed mortgage terms, stretching out as long as 30 years. For vacant land purchases, the closings tend to happen much faster than a home purchase, with an average turn around time of just 2-3 weeks.

So, if you’ve been thinking about purchasing a home or land in the near future, now is the time to do it. Combined with low interest rates, low real estate prices and flexible lending programs, you can’t go wrong in this market!

Copyright 2010 - Ivie K Baker


Friday, January 15, 2010

Debit-Card 'Skimming' Scams

I thought this was important to post. I realize that this isn't related to real estate, but a good way to keep your money in check!


Three steps to take to protect your account data from getting into the wrong hands

Whether by choice or necessity, American consumers are increasingly relying on debit rather than credit cards. Debit card spending has risen steadily, growing from 47.7 percent of purchases made with plastic in 2003 to 58.9 percent in 2008 and it is expected to surpass 67 percent by 2013, according to the Nilson Report, a newsletter that tracks the consumer payment industry.

When you use a debit card, the money is immediately taken from your checking account. While using debit guarantees that you pay as you go, these cards have downsides, including a growing appeal to thieves.

Wednesday, November 25, 2009

2375 Croll Road, Beaverton MI - SOLD!

10 Acres with a Mobile Home & Pond

Priced to sell! $32,888
SOLD!!!

Take a VIRTUAL TOUR!

Hunters and Nature Lovers... take notice! Nice 10 acre parcel with a pond, blinds and a trail to the back. Nicely wooded. Lots of deer and turkey in the area. Property comes with an older usable mobile, septic system and an elevated blind and one ground blind. There is a well in need of repair. Great hunting camp or get-away. Close to the Cedar River. Surrounded by other larger parcels of land on a dead end road.
Nice Pond.
Elevated Blind.
Nice Trail towards the back.
The property is roughly outlined in this aerial photo.

Take a VIRTUAL TOUR!

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56+ Acres with the Tobacco River - SOLD!

"The River Runs Through It"

56+ Acres with the Tobacco River
North of Beaverton MI

SOLD!

Take a VIRTUAL TOUR!
The "River Runs Through It"! This stunning property offers mature woods and open meadows. The Tobacco River runs west to east through the property. There are trails all the way around the property, to give easy access to most portions of the land. The river can be crossed by wading across or by ATV. Fantastic hunting property! Deer tracks and signs all over the property.

Nice scenic river.

The front of the property has a large open area. Great for a nice building spot or pasture area for animals.


Take a VIRTUAL TOUR!

Saturday, November 07, 2009

Update on the Extended Home Buyer's Tax Credit


New Legislation

New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

- Extends deadlines for purchasing and closing on a home.
- Authorizes the credit for long-time homeowners buying a replacement principal residence.
- Raises the income limitations for homeowners claiming the credit.

Find out more about the Extended Home Buyer's Tax Credit HERE!

Friday, November 06, 2009

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.

- Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between the date the bill is signed by President Obama and April 30, 2010.
- Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Find out who may be eligible at Realtor.org

NOTE: This has not been voted in yet. Updates to be posted soon.

Thursday, October 15, 2009

3517 Lakeshore Dr, Gladwin MI - SOLD!

Wow! Look at this Beautiful 4 Bedroom Home on Secord Lake!

SOLD!!!

Beautiful 4 Bedroom Secord Lake Home w a Sandy Beach! Beautiful, newly updated home on main Secord Lake. Enjoy this million dollar view and sandy swimming beach. This home offers plenty of living space with over 3000 sq ft of living space! All bathrooms have ceramic tile floors (main floor bath has a large jet tub). Relax out on the large decks, facing the lake and watch the boats go by.

The kitchen features new hickory cupboards, new appliances, nice breakfast island, wood laminate flooring, dishwasher & a built in microwave.

Kick back & relax in the beautiful knotty pine living room with a stone fireplace & vaulted ceilings.
Check out this MILLION DOLLAR VIEW!
This home comes with an over-sized, 2 story 24x40 garage with an unfinished upper loft that could be finished for extra living space, or just use as storage.

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5019 Ruby, Gladwin MI - SOLD

Cozy Island Lake Cottage!
Enjoy Beautiful Island Lake

2 Bedrooms, 1.5 Baths, 1.5 Car Garage
139 ft of waterfront
SOLD! $99,500


If you're looking for a nice cabin and a great fishing lake with hunting land just across the street, then this is it! This property features a cute cottage with a large fireplace, 2 bedrooms and extra sleeping space in the walkout basement. Enjoy almost 140 ft of waterfront, with beautiful sunset views over the island. Island Lake also offer approx 290 acres of association shared property for hunting, walking and ORV riding. Also located just around the corner from the designated snowmobile trail head. Great recreational area!




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Friday, October 09, 2009

4544 Hamilton Way, Lake Lancer - Gladwin MI SOLD

One of the Best Deals in Sugar Springs!
Nice Lake Lancer Waterfrontfront Home!
Fantastic View and a Sandy Beach.

SOLD for $201,000!!!

3 Bedrooms, 3 Baths, 2 Car Garage & Walkout Basement

Enjoy beautiful Lake Lancer! This nice home is located in the Hamilton Realm, with a great view of Lake Lancer.

This home features an open floor plan, vaulted ceilings, walkout finished basement, open deck, and more.

Enjoy this great view and sandy beach. Great for children!

Price well below the suggested listing price at just $204,888!


Monday, September 28, 2009

Kiss Concert in Detroit September 25th, 2009

Jim and I went to Detroit to see the Kiss Concert at Cobo Hall on September 25th. I found a Youtube video with many of the highlights that I thought we'd share.


Tuesday, September 15, 2009

Why Consider Buying a Second Home on a No Wake Lake?

Ah! The dream of owning a home on a beautiful lake in the country. So many people dream of purchasing a second home, away from all of the hustle and bustle of city life. It’s become a popular lifestyle for many families in Michigan and
around the country.

Sunday, August 30, 2009

652 Hughes Point, Harrison - Sold!

Cute Waterfront Cottage on Budd Lake in Harrison!
2 bedrooms, 1 bath, 70 ft of Waterfront
Sandy Beach & Sunset Views

SOLD!!!

Great Price at $139,888

Fantastic waterfront cottage facing west. Enjoy sunset views and a sandy beach for swimming.


This cottage features hardwood floors, knotty pine interior and vaulted ceilings. This cottage come mostly furnished. (Excludes the coffee table, rocking chair and other small items)

Nice open kitchen and dining area. Prefect family cottage! Start making "Up North" memories at the lake.

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Friday, July 10, 2009

5641 Lakeside Drive, McGilvery Lake SOLD

Cute Waterfront Cottage on McGilvery Lake
Great Fishing Lake!

SOLD! $50,000!

2 Bedrooms, 1 Bath on 2 Waterfront Lots
458 Ft of Waterfront!

Affordable waterfront cottage on beautiful McGilvery Lake!
Enjoy fantastic fishing and beautiful views!

This nice little cottage comes with 2 large waterfront lots with approx 258 ft of waterfront. Located at the very end of a dead end street and on a point. All appliances and furnishings are included with the sale. New 5 inch well in 2007.
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Friday, July 03, 2009

Lot 21 Huntington Circle - SOLD!

SOLD!!!
Nice camping or building lot close to the Huntington Beach Club. Walking distance to the swimming beach, boat docks, boat launch and bath house. This great lot is already set up for camping with a nice 5 inch well, sewer hook up and electric installed! Also would make a fantastic building lot. Lot is surrounded on 2 sides with pine trees. Nice flat area.
SOLD for $9,000!!!

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Well Built Home at Blue Lake Estates - SOLD!

Very Nice 3 Bedroom, 2 Bath Home
Located within 25o ft from the Blue Lake Beach and Park

SOLD!!! $125,888

Take a Virtual Tour!

Very well built home (built by Dan French Builders) in Blue Lake Estates. This well laid out home home offers spacious rooms, open kitchen, free standing wood stove and an open deck off of the dining area with a beautiful view of the woods. Watch deer and turkey right out of your back door!

This property backs up to 100's of acres of state land and has a small creek flowing through the property. This home is less that 250 ft from the private swimming beach.

Large dining area with a view of the woods.

Nice, open kitchen.

Enjoy one of the nicest private beaches in the area with it's own swim raft. Blue Lake also offers some of the best fishing around! Fish for bluegills, bass, crappie, rock bass, pike and rainbow trout! Blue Lake is a no gas motors lake. Super clean lake. There is also a private park w/playground and walking trails.

Find out more about BLUE LAKE ESTATES!


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Thursday, May 21, 2009

2486 Whitney Beach, Beaverton MI - Wixom Lake SOLD!

Cute Wixom Lake/Tittabawassee River Cottage!
2 Bedrooms, 1 Bath, Large Shed

SOLD!!!

Priced to sell! Cute, well maintained waterfront cottage on north Wixom Lake / Tittabawassee river. Enjoy beautiful all sports Wixom Lake. Miles and miles of boatable waterway, great fishing and scenic shorelines. This cottage is ready to move into! Many updates and very well taken care of. This would be a great get-away cottage or full time home on the river. Pictures are 1000 words!


SOLD!
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Thursday, May 14, 2009

HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.

Read More...

Saturday, April 18, 2009

2297 Heil Road, Gladwin - 20 acres SOLD!

Nice Home on 20 Beautiful Acres Near State Land

SOLD!!! $97,888

Wow! Don't judge this book by it's cover. This is a very nice mobile home with many nice updates! Enjoy 20 rolling acres with a nice 4 seasons creek flowing through it. Nice trails and excellent hunting.
Enjoy watching deer and turkeys right out your back window!

This nicely updated home has new Pella windows, vinyl siding, new shingled roof, ceramic tile oversized bath with whirlpool tub, wood laminate floors, efficient outdoor wood burning alterative furnace (plus a propane forced air furnace) and so much more. The 32x12 outbuilding has in floor hot water heat. Concrete sidewalk is already piped in for in ground heat (but heater not yet installed). Property is already set up to have a pole garage built with in floor hot water heat. Heat pipes have already been run. Need to see to truly appreciate!


SOLD!
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Friday, April 17, 2009

Michigan Homeowners Implementing Green Alternatives to Asbestos

Located in the mid western part of the United States, Michigan is renowned for being the eighth most populous state in the country. Hosting four out of the five great lakes, automotive industry and beautiful sceneries, the state is one of the ideal places to call home. The path to home ownership is an exciting time, but one that will bring other responsibilities into your life.

Having the assistance of a professional real estate agent can make the process smoother and less stressful. Many older homes may need additional repairs or remodeling. This is especially the case when these homes still harbor older, corrosive building materials.

Used in many construction applications for the greater part of the 20th century, asbestos is a fibrous mineral that possesses many intrinsic traits. In most situations, asbestos appears in roof shingles, dry wall, attic insulation, popcorn ceilings, joint compounds and electrical wires. It’s flame resistant and durable qualities made it an ideal choice for many industries. Potential Gladwin, Michigan home buyers or those seeking to remodel an older home should be aware that homes built before 1980 may still contain asbestos materials.

This by no means should make you jump out of your seat because asbestos exposure is easily preventable by taking simple precautions. There are now many green insulation options that replace the need for asbestos.

According to the experts, the general rule of thumb is if the asbestos is in good shape, it's posing no apparent risk. If it's in bad shape, it could be a problem. In many situations, the best action in dealing with asbestos is no action at all. However, if an inspector deems removal necessary, it must be performed by a licensed abatement contractor who is trained in handling asbestos materials.

Prolonged exposure to asbestos can cause related lung ailments such as pleural mesothelioma, a form of asbestos lung cancer that accounts for three percent of cancer diagnoses in the country each year. Due to the fact many mesothelioma symptoms are similar to less serious ailments, mesothelioma diagnosis is one of the more difficult tasks physicians encounter.

With growing education and technology in green sustainable energy and building resources, Michigan has taken actions to ensure safety and health is a top priority in this great state. Non-profit organizations such as Michigan GREEN, consists of energy consultants and companies who have joined forces with schools, government agencies and conscious individuals to promote the cause of renewable and green efficiency throughout the U.S. Its goals include increasing public awareness on energy efficiency, renewable energy and application of new green technologies to increase the youth’s awareness of energy conservation.

Focusing to rid Michigan of asbestos use and other harmful materials, they also focus to protect the water and open spaces. With many health options such as cotton fiber, lcynene foam and cellulose, Environment Michigan is working hard to give the state the healthy environment that the people deserve.

Friday, April 03, 2009

Q & A on First Time Home Buyers Tax Credit

In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. 

For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.


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Thursday, March 05, 2009

Property Tax Assessments... OH MY!

Well... most home owners have probably received their property tax assessments and wondering... WHAT THE HECK! I found this document posted by Oakland County (LINK), explaining how properties are assessed and why your TAXABLE values probably didn't go down, (unless your SEV happened to go down with it). If your SEV did happen to come down but your Taxable Value didn't... this document will explain why that is.

I've had several calls by "NOT SO HAPPY" home owners over the past week, asking me to get them information to fight their increases. It might not be so easy to fight...