This Thanksgiving, we’d like to extend our sincere thanks to all of you who have made our business possible.
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Interest Rates Continue to Climb
We have many folks in Michigan who are waiting to buy or waiting to sell. Is there a cost of waiting? Our preferred lender, Steve, put together the facts below You decide what is best for you! We are here to add value and be your real estate solution. Text us 734-669-0337
This year we have seen a consistent growth on mortgage interest rates. Entering 2018, the national average on a 30 year fixed mortgage rate began at 4.25% and is on pace to exceed 5% by the end of the year. Much of the increase is due to the growing concerns of inflation, as well as a consistently stronger employment outlook. These are two main factors as to why the Federal Reserve continues their aggressive approach on increasing rates, with another increase anticipated in December of 2018.
More often than not, home buyers take a break from their home search over the holidays. With rates only expected to rise in 2019, potential buyers should strongly consider the financial advantages of purchasing now opposed to waiting until the New Year.
The chart below shows how significant an increase in rates can impact a purchaser’s monthly payment, even if it’s only a quarter of a percent.
Not only does the increase in rates impact the payment, but it can also decrease the amount of financing a purchaser can afford. If a purchaser doesn’t have the ability to offset this with their down payment, it could remove them from qualifying for their desired price range or area. Even worse, the total cost of waiting to buy over a 15 year loan could be $70,000 over the life of the loan.
If you are curious what this potential impact has on your financing scenario, or have someone that you know that would like to discuss details further, please let me know. My team and I are here to help and available 7 days a week.
10944 Waterloo-Munith, Munith, MI – Ann Arbor Area Real Estate for Sale
Bedrooms: 5
Bathrooms: 2.5
Sq. Feet: 2,246
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Visit our Website for a Complimentary MLS Search
Welcome to a generous Cape Cod with three floors of living space! The open floor plan on the main level features vaulted ceilings, pine hardwood flooring, stainless steel kitchen appliances with tile back splash, and a four seasons room that overlooks 2.75 acres of the great outdoors. Out side enjoy an above ground pool, and a deck which reaches around to the fist floor master suite. The master suite includes a jetted bath and slate tile surround shower with a double vanity.There is a laundry room and powder room on the main level for added convenience. A pine stairway takes you to the second level with a cozy loft overlooking the main floor. Three additional bedrooms and full bathroom complete this upper level and offer so many options. The lower level is finished with slate tile throughout, second kitchen, full bath and bedroom as possible mother-in-law suite. Additional features in lower level include bonus room, bar, utility room with extra storage, and walkout to concrete patio. Electric and water run to insulated outbuilding which provides space for lawn equipment, workshop and more. Come and check out 10944 Waterloo-Munith in the Ann Arbor area real estate market! It has it all!
Additional Ann Arbor Area Real Estate Listings
1795 Majon Street
11111 Monroe
Toth Team Worldwide Network
Keller Williams Realty
Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world. Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be the only trusted agent endorsed by celebrity Martin Bandyke on red 107.1. and the exclusive real estate agent for 102.9 W4Country.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.
1795 Majon Street, Highland, MI – Ann Arbor Area Real Estate for Sale
Bedrooms: 5
Bathrooms: 2.5
Sq. Feet: 2,246
Related Links
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View a Virtual Tour of 1795 Majon Street
Visit our Website for a Complimentary MLS Search
Located in the highly desirable Axford Acres All Sports Lake Community, this lovingly maintained 5 bedroom 2.1 bath home is a MUST SEE! You will fall in love with this home situated on a large .68 acre lot with lovely mature trees. The updated kitchen includes new high end appliances (still under warranty!) and opens to the living room with exposed brick wall and vaulted ceiling. The wood burning fireplace in the family room is the perfect place to cozy up. A large master suite with private bath will become one of your favorite features of this home. Updates include: newer roof, windows and fresh paint. An attached 2 car garage is a luxury with winter just around the corner. An automatic sprinkler system makes your life easy. Residents of Axford Acres enjoy lake living at its best year round with privileges on All Sports Duck Lake, including a private beach and swim area, pavilion, playground and private neighborhood boat launch. Move in just in time to enjoy some winter lake fun – ice skating, ice fishing, snowmobiling and more! Short walk to Spring Mills Elementary. LOW HOA FEES! Schedule your showing of 1795 Majon in the Ann Arbor area real estate market today!
Additional Ann Arbor Area Real Estate Listings
10944 Waterloo-Munith
11111 Monroe
Toth Team Worldwide Network
Keller Williams Realty
Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world. Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be the only trusted agent endorsed by celebrity Martin Bandyke on red 107.1. and the exclusive real estate agent for 102.9 W4Country.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.
What To Know About Earnest Money Deposits
What is an earnest money deposit and what role does it play in a real estate transaction?
We’ll be tackling this question today.
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When you find the house of your dreams, you show the seller you’re serious by writing a check. This is known in the industry as an earnest money deposit.
By law, this sum must be deposited into the title company’s or broker’s escrow account within two days from the final acceptance of the offer.
Essentially, earnest money deposits (otherwise known as a good faith deposit) represents your commitment to buying the home. It shows the seller you’re operating in good faith and allows them to label the home as “Contingent” in the multiple listing system.
As a result of this, the number of showings the seller takes on may decrease while you, the buyer, go through the due diligence period. The larger your earnest money deposit, the more certain the seller will be of your desire to purchase the house.
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The larger your earnest money deposit, the more certain
the seller will be of your desire to purchase the house.
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This deposit can range from about $1,000 to 10% of the home’s sales price. In multiple offer situations, you may want to increase this amount to make your offer more attractive.
Keep in mind, though, that this amount will not be refunded to you if you break the terms of the contract and walk away from the deal.
However, if you meet all of the deadlines and contingencies of the contract, such as the inspection, appraisal, and title review, then the earnest money will be applied toward your down payment at closing.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
11111 E Monroe, Britton, MI – Ann Arbor Area Real Estate for Sale
Bedrooms: 6
Bathrooms: 4
Sq. Feet: 2,280
Related Links
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This is country living on almost 5 acres! With an easy commute to Ann Arbor or Toledo the location is ideal. The charming front porch welcomes you as you enter to a large family room with gorgeous stone wood burning fireplace. The floorplan is open to the kitchen, dining area and living room with plenty of space for family gatherings. The large deck on south side of house has easy access from living spaces and adds more square feet, it’s a fantastic area to entertain all your guests! New hardwood and slate floors on main level with all new paint and ceiling fans. Four large bedrooms on main level with 3 full bathrooms. The master suite is 22 x 14 with two very large closets, one the size of a small bedroom!! All this, plus a finished walkout lower level with second kitchen, living room area, 2 bedrooms, full bathroom, and new carpet throughout. The lower level boasts a separate entry. There are so many possibilities for this space, mother in law suite, home office, short term rental or second family living space. The large garden area with fruit trees, grape vines and over 60 small pine trees is planted on the west side of the property. Plenty of space for the growing family. There is an extra 5.23 acres for sale ($29,900) that could make this a full 10 acre property! MLS# 3256814. Come and see 11111 E. Monroe, it’s a wonderful home in the Ann Arbor area real estate market.
Additional Ann Arbor Area Real Estate Listings
Toth Team Worldwide Network
Keller Williams Realty
Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world. Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be the only trusted agent endorsed by celebrity Martin Bandyke on red 107.1. and the exclusive real estate agent for 102.9 W4Country.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.
165 Oaklawn, MI – Ann Arbor Area Real Estate for Sale
Bedrooms: 2
Bathrooms: 1
Sq. Feet: 824
Related Links
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View a Virtual Tour of 165 Oaklawn, Ypsilanti
Visit our Website for a Complimentary MLS Search
This darling move in ready ranch is perfect for a first time home buyer or as a great investment opportunity. Every wall in the home is freshly painted with new flooring throughout, turn key condition with several updates. The kitchen is light and bright and there is beautiful flooring throughout. New roof in 2017, New gutters in 2018. Full basement. Home sits on a double lot with a wonderful 2.5 car garage for the family that needs the extra space. The huge, fully fenced backyard is perfect for relaxing or entertaining. All this on a quiet tree lined street close to anything you need. Seller offering a $4000.00 credit for closing costs with an acceptable offer. 165 Oaklawn is a perfect home in the Ann Arbor area real estate market!
Additional Ann Arbor Area Real Estate Listings
Toth Team Worldwide Network
Keller Williams Realty
Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world. Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be the only trusted agent endorsed by celebrity Martin Bandyke on red 107.1. and the exclusive real estate agent for 102.9 W4Country.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.
413 N Hewitt, Mi – Ann Arbor Area Real Estate for Sale
Bedrooms: 3
Bathrooms: 1.5
Sq. Feet: 1,628
Related Links
View Extra Photos for 413 N Hewitt, Mi
View a Virtual Tour of 413 N Hewitt, Mi
Visit our Website for a Complimentary MLS Search
This is a lovely classic mid-century brick ranch home. It will be suitable for residential or commercial use. Step into the living area with brick surround fireplace, fresh new carpet and a great floor plan that flows throughout the home. Enter the dining area and meet a cozy, freshly painted kitchen. Built in cabinetry and a utility room provide plenty of extra room for storage. Additional recreation room in the rear of the home exits to the concrete patio and private yard, offering comfortable entertainment. Two car attached garage features a workshop for the hobbyist. Excellent starter home or investment. Come see 413 N Hewitt, an Ann Arbor area classic before it’s off the market!
Additional Ann Arbor Area Real Estate Listings
Toth Team Worldwide Network
Keller Williams Realty
Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world. Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be the only trusted agent endorsed by celebrity Martin Bandyke on red 107.1. and the exclusive real estate agent for 102.9 W4Country.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.
There Are Signs of a Shift in the Michigan Housing Market
How is the housing market looking in Michigan? See what this fall holds.
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Want to Sell a Home? Get a Home Value Report
As real estate and its prices are always changing, it’s always a good idea to keep up to date. So today, we’ll bring you the fall market update for the Michigan area.
There are more single-family homes coming on the market, up 8.9% from 358 to 390 year to year. The number of year-to-year sales is down 18.1% from 315 to 258. However, the average sales price is up to $308,080 from last year’s $299,788—an increase of 2.8%. The average days on market has improved from 32 days last year to 25 days this year.
Things can change so gradually that many people do not notice. To see if shifts are occurring in the market, it’s important to watch for accurate data in your price range.
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Things can change so gradually that
many people do not notice.
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Sellers could be chasing prices down, so the question for many is if they should wait until spring to sell a house. It depends on what you think is going to happen in regard to elections, the economy, and interest rates.
What happens to prices when rates go up? There may be a relationship. According to the National Association of Realtors’ national media manager, if you have rising interest rates over a longer period, then you’ll see a weaker demand. In this case, you may see price appreciation slow down. Keep in mind, today’s interest rate for an adjustable mortgage is 4.25% and 5.15% for an annual percentage rate.
If you have any questions or would like some more information, feel free to give us a call at (866) 696-8447. We look forward to hearing from you.
Ann Arbor and Surrounding area Fun Fall Festivities from the Toth Team at Keller Williams Realty
The Dexter Cider Mill located at the corner of Central and Huron Street in Dexter, Michigan has been a long time favorite to many of the local residents. What is your favorite outdoor event during the month of October. Is it visiting your favorite cider mill, walking through a corn maze, taking a stroll through a pumpkin patch, scaring your way through a haunted house or just getting out for a fall bike ride on your favorite bike path or strolling along the banks of the Huron River on a beautiful Saturday or Sunday afternoon?
Here is a guide for U-Pick Apple Orchards. U-Pick
You might even want to take the kids on a train ride on the Famous Punpkin Train out of Coopersville Marne Railay Station, located at 311 E. Danforth Street, Coopersville, MI 49404.
Here is a list of the local area events happening here in the Ann Arbor area. Pick by city at VisitAnnArbor.org
Hudson Mill Metro Park is also very busy this time of year – don’t miss out on the Zombie Apocalypse Survival, October 27 @ 1:00 pm – 3:00 pm.
Hudson Mills is wondering if you are ready for the Zombie Apocalypse? Learn the skills you need to survive! Shelter building, fire making, and other zombie-proofing techniques will be covered. Please preregister, 734-426-8211. Time: 1 – 3 p.m. Cost: $5 Location: Hudson Mills Metropark Activity Center – Map Me. Contact: Phone: (734) 426-8211. E-Mail: [email protected] A Metroparks vehicle entry permit is required to enter any Metropark and is only $35 annually for regular admission, $21 annually for seniors or $10 daily.
Toth Team, Worldwide Network
Your Ann Arbor Real Estate Experts
Keller Williams Realty
Kathy Toth and Team are Washtenaw County, Michigan real estate experts who will guide home buyers and sellers through the entire real estate process. Our extensive knowledge of Washtenaw County areas, combined with decades of expertise in the local real estate market is extremely valuable to helping you achieve your goals. For quality service and personal attention during your real estate transaction, contact Kathy Toth and Team for all your home buying and selling needs. Call 734.426.6669 or email us at [email protected].
We want to be your real estate agents!
The 2018 holiday season has officially begun! We hope you are as excited as we are.
We’d like to take a moment to express our gratitude to all of you this Thanksgiving. We have met some truly wonderful people, and we’re proud to have helped so many reach their real estate goals over the years.
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Happy Thanksgiving!
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We wouldn’t be where we are today without all of your support. Enjoy your Thanksgiving dinner with all of your family and friends—that’s what we plan to do!
In the meantime, please don’t hesitate to reach out to us if you have any real estate questions. We would be happy to help you.