Ann Arbor, MI Real Estate News

By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Financing guidelines seem to change weekly. If your lender has not had this conversation with you yet, then read these 10 Commandment to avoid denial. (Not a river in the Nile). THE 10 COMMANDMENTS WHEN APPLYING FOR A MORTGAGE 1. Thou shalt not change jobs, become self-employed, or quit your job. 2. Thou shalt not buy a car, truck, or van (or you may be living in it)! 3. Thou shalt not use charge cards excessively or let your accounts fall behind. 4. Thou shalt not spend money you have set aside for closing. 5. Thou shalt not omit debts or liabilities from your loan application. 6. Thou shalt not buy furniture. 7. Thou shalt not originate any inquiries into your credit. 8. Thou shalt not make large deposits without first checking with your loan officer. 9. Thou shalt not change bank acc...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Ann Arbor offers a unique lifestyle. To me it is like a mini Boston – very chic, home town, entertainmenet choices, dining, sports, friends and even fishing. Why would I ever leave? One reason – I would leave for more sunshine. Until then, I LOVE Ann Arbor, MI. Let us tour you around and help you with housing choices.   Kathy Toth Keller Williams Realty Ann Arbor info@kathytoth.com(734) 426-6669 From Ann Arbor Homes and Condos For Sale
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
We have provided detail reports breaking down home sales by price ranges and absoprtion rates - showing how many months supply of homes we have.  If you are interested in Ann Arbor Real Estate Data, please visit: http://www.homesearchannarbor.com/ann-arbor-area-market-stats.html and you will get the data immediately. The Washtenaw County Market is improving and unemployment rates are 8.8 percent.  It is still a super time to buy Ann Arbor Real estate.  NAR said sales of national distressed homes -- foreclosures and short sales sold at deep discounts -- accounted for 34 percent of February sales, down from 35 percent in January and 39 percent in February 2011. In February, 1 in 5 existing homes sold had been foreclosed on and repossessed by lenders, and 14 percent were short sales.  Our ...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Freddie Mac has new servicing rules that should not start until June 1, 2012.  Why are they being implemented now? Referencing Bulletin - Freddie Mac Bulletin-1207. So what is really going on? Here, in short, are the answers. Another Mortgage Industry Issue.  The National Association of REALTORS (NAR) is getting involved once again along with the Michigan Association of REALTORS (MAR) to get a clear understanding on the new policy brought forth by Freddie Mac.  A policy that should not get underway until June 1, 2012. At this point NAR is trying to get their arms around the immediate decision of lenders to cancel all of their Freddie short sale listings. The Freddie bulletin at issue came out on 13th of March and the new changes to their REO Rollback program are not set to go into effec...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Go to http://www.howtogomo.com/en/d/ Answer a few questions and then learn what you can do to make sure you are ready for mobile leads.  We just went live with www.HomeSearchAnnArbor.com and need one more tweak to make it perfect.  How about you? According to the ATT annual report, mobile is a revolution and they expect more than 8x data traffic from today's levels, after increasing 20,000 percent in the last 5 years. Are you ready?  The consumers are there now. I hope this tool helps you assess your site.  
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By Rachel Massey, Competent, independent, impartial and objective
(Massey & Associates)
As always, this data is my interpretation of what was happening in the market on a given date and should be used with caution. That noted, here are recent findings for a property   The first grouping of data is a three year run of all sales in the Ann Arbor school district through the MLS, regardless of age, size, etc. this data indicates a rise from the first year of the data run to the second, then stability in the third year. The median sizes remained consistent, and number of sales per year was also relatively consistent with a small increase noted over the past couple of years. Overall, on average, there were 910 sales per year, which equates to 75.83 per month. As there are currently 293 offerings on the market not under contract (409 less the 116 under contract), based on histori...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Buying a home in Ann Arbor can be like swimming with the sharks and one piece of meat is in the water. The market has shifted per my buddy Paula Gardner AnnArbor.com. Ask for the latest market report. We update the Ann Arbor Area market monthly and have a ton of requests from Sellers for this data. If you want to know hyper specific data in your Ann Arbor Area neighborhood, click here. One of our latest tools is the Mobile home search. From your phone go to www.HomeSearchAnnArbor.com and click on mobile on bottom right hand cornere and voila you have the button on your smart phone for mobile Washtenaw County home search. We are here to share our passion and rock and roll to assist you in achieving your Ann Arbor real estate goals. By the way, my husband, son and I were in the water scub...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
As an Ann Arbor Area real estate professional, I strive to keep in touch with clients and provide them with information that I hope they will find useful! This newsletter is an opportunity to let you know about the state of the market and current trends in Washtenaw County. It may even touch on ways that you could enhance your home’s value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact our awesome team! Ann Arbor Area Real Estate Sales Data Average Listing Price (last 12 months) Average List Price in February Single Family Homes $253,181 Condos/Townhomes $161,777 Multi-family Homes $372,166
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Existing-home sales rose for a third consecutive month, according to a January report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops were up 5 percent from the previous month, to a seasonally adjusted rate of 4.61 million units. In total, 2011 existing-home sales were up 1.7 percent from 2010, and reached 4.26 million units sold. Lawrence Yun, NAR chief economist, believes the trend could point to a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.” YAHHHHHH! National inventory for ex...
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By Missy Caulk, Savvy Realtor - Ann Arbor Real Estate
(Missy Caulk TEAM)
Some solutions if Your Ann Arbor Home You Are Buying Does Not Appraise? The first thing to do if the Ann Arbor home you are buying doesn’t appraise is to not panic. You are excited and have made an offer on a home for sale in Ann Arbor, and now you are in the process of obtaining financing for your new Ann Arbor home. The bank or mortgage broker is going to want an appraisal on your home to guarantee that the home is worth what you are paying. When we are representing buyers on a the purchase of the home in Ann Arbor, we write into the contract, “the purchase price must meet the appraised value of the home.” (even if you are paying cash.) In this market, seriously… many homes do not come in at the Purchase price on the contract for Appraised Value. How does a low appraisal affect you? I...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
8285 Jackson Road – Dexter Schools By Ann Arbor Real Estate Experts    8285 Jackson Road Ann Arbor, MI 48103  Dexter Schools Bedrooms: 3  Bathrooms: 1  Square Feet: 1,189 GREAT SHORT SALE OPPORTUNITY! THIS HOUSE IS PRICED TO SELL! THIS HOME IS A RANCH WITH AN EFFICIENT FLOOR PLAN. KEEP YOUR HOME CLUTTER-FREE WITH THE BASEMENT’S STORAGE AREAS. ALL THE AMENITIES ARE JUST MINUTES AWAY: SCHOOLS, PARKS, SHOPPING, RESTAURANTS, AND TRANSPORTATION! THIS HOME IS LOCATED ON A 4.88 ACRE PARCEL, ALLOWING YOU TO ENJOY SOME ROOM TO RELAX. DON’T LET THIS BE THE ONE THAT GOT AWAY. SALE OF THIS HOME IS SUBJECT TO BANK SHORT SALE APPROVAL AND SELLER ACCEPTANCE OF BANK TERMS.  Fine Dexter Real Estate with acreage. Related LinksSee Extra Photos for 8285 Jackson RoadPlease visit our website for a compliment...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Ann Arbor Market Trends shows stabilization   Total Properties Listed: 3,168 Month-Over-Month Change: +1.08% Average List Price: $224,055 Month-Over-Month Change: +.31% Median List Price: $145,000 Month-Over-Month Change: +3.65%Typical Property Single-Family Home3.24 Bedrooms2.29 Baths$224,055 Average List Price$114/SqFt Average Price per SqFt. Average Price by Bedrooms: 1 Bedroom: $139,692 2 Bedrooms: $116,986 3 Bedrooms: $183,089 4 Bedrooms: $328,406 5 Bedrooms: $514,296 Most Popular $149,900 Pittsfield, MI 4 beds / 1.5 baths Reduced Prices $189,000 Lima, MI 3 beds / 2.5 baths $50,000 Saline, MI 2 beds / 1 baths $299,900 Ann Arbor, MI 3 beds / 2.5 baths Virtual Tours $399,900 Ann Arbor, MI 4 beds / 2.5 baths $349,900 Ann Arbor, MI 3 beds / 2.5 baths $235,000 Ann Arbor, MI 4 beds / 2....
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Buyer Roundtable Event – Feb 29, or Mar 21, 2012 – Sign Up Today! Ann Arbor Real Estate By Ann Arbor Real Estate Experts To register, call Jennifer at 734-845-8888or Register Below We welcome all questions and this is an open forum for all to learn.  
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By National Realty Centers
(National Realty Centers)
  Schedule a Showing/Request Info Ann Arbor Homes for Sale Washtenaw County Homes For Sale What Is Your Home Worth?   JERALD PITTMAN NATIONAL REALTY CENTERS, INC 734-320-6718 lepitt@nationalrealtycenters.com MLS#: 212001330 Information valid for the date of this posting only. Please contact us for the most current information and status of this property. 3364 WILLIAMSBURG RDANN ARBOR, MIScan with your smartphone & take me with you. Description Features Photos Maps & Local Schools Property Video     For 24 Hour Information: 888-866-9430 x 3364 $ Click for current price2 BEDROOMS1 BATHROOMS (1 full) 961 Square Feet Beautifully maintained 2BR, 1.5 bath unit in Colonial Square. All brick construction, quiet area close to schools, transportation & shopping. New furnace recently installed. A...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
The Liberty Lofts Cambridge floor plan of 1392 square feet, which has been modified slightly, is now available, with secured entry and a heated indoor garage parking space (space 122)!  New carpet and gleaming hardwood floors are the back stop for the wonderful granite kitchen. The seller raised the walls to meet the cement ceiling for improved privacy. A fine example of Ann Arbor downtown living and lifestyle, with dining, shopping, parks and even fishing on the Huron River all in walking distance.  Some interior Liberty Lofts #209 photos are below: Seller installed fireplaceMaster Bedroom with bank of Windows Master BathMaster Bedroom Closet Liberty Lofts were built/restructured by Morningside Group and units range in size from 844 sqft to 2,337 sqft. Some offer exceptional views of t...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Boulevard Manor in Ann Arbor is located in the Historic District.  This Historic Area has been a popular location for many Ann Arbor residents for many, many years.  The location and the eclectic styles of homes in the entire area make this a fun neighborhood to even drive around in and soak up the architecture.  The location is close enough to walk, bike, jog to the downtown area.  Don't miss out and making this one of your locations to search for homes. View Larger Map   Have a memorable day at a University of Michigan football game or Basketball game at Crysler Arena. Drive to Veteran’s Park for figure or hockey skating and outdoors for baseball, sledding, swimming. During July, visit the world famous Ann Arbor Arts Fairs. This neighborhood is well established and contains 146 Lots w...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
View Larger Map Yes the name might be a mouthful but Smokler Bolgos is a great northeast Ann Arbor subdivision that is conveniently located for all of Ann Arbor, being moments from US-23. Situated alongside the former Pfizer research facility which is now owned by the University of Michigan as the "North Campus Research Complex" this fantastic neighborhood is perfect for those working there as you could walk to work! Homes in this great neighborhood were constructed back in the 1960's and are mainly two story colonial homes and cape cods sized between 1250 an 3000 square feet and priced in the $200,000 to $300,000 range. Many properties having been renovated over the years having been brought up to date with new kitchens and bathrooms giving them the modern features buyers are looking f...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
View Larger MapAre you a homebuyer searching for that perfect luxury home in Ann Arbor Michigan? If so then Huntington Woods could be the neighborhood for you! This beautiful community of properties consists of some 45 homes that are nestled along the Huron River just east of Downtown Ann Arbor near to the picturesque Nichols Arboretum. Homes in this neighborhood are traditional and contemporary style homes that were constructed during the 1960's and 1970's. They range in size from 1900 to over 2400 square feet and contain 2-4 bedrooms, 1.5-4 bathrooms with some containing finished or walkout lower levels. These homes are set on gorgeous lots with well manicured landscaping with tons of mature trees. Outside entertaining space isn't an issue with many homes having decks and patios overl...
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By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
You are invited to Buyer Round Tables 6:00 pm  - 7:30 pm  |   January 25,  |  February 29,   |   March 21,  2012 RSVP:  Buyer Round Table Registration  Why Rent when you can Buy! Search homes in Ann Arbor and the surrounding Washtenaw County area  and call us as we often know about properties before they are listed. Search here to  find foreclosure deals in the area.    Let Ann Arbor Area Real Estate Experts - Kathy Toth and Team, Keller Williams Realty help you.
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