Ann Arbor Real Estate: 13470 Rockwell Road, Stockbridge, MI, 49205

13470 Rockwell, Stockbridge

Bedrooms: 3
Bathrooms: 3
Square Feet: 2,884

SUBJECT TO SHORT SALE APPROVAL. LOVELY COUNTRY SETTING, 9 FT CEILINGS IN WALKOUT BASEMENT, PARTIALLY FINISHED. LARGE 1200 SF WOOD DECK TO ENJOY NATURE AND TREED 12.5 ACRES. OWN A PIECE OF YOUR OWN ANN ARBOR REAL ESTATE.

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Kathy Toth and Team
www.KathyToth.com

Ann Arbor Market Center
Keller Williams Realty

National Home Sales Report

Home Sales
August
home sales were up 18.6% year-to-year nationally, posting a 7.7% increase in sales
activity over July despite Hurricane Irene, which struck the Eastern
seaboard and New England regions at the end of the month. As a result of
the hurricane, the Northeast experienced the smallest increase in sales. At
the same time, persisting restrictions among banks affecting home lending
are having the greatest constraint on sales levels. NAR Chief Economist
Lawrence Yun stated, “The market can easily move into a healthy
expansion if mortgage underwriting standards return to normalcy.”
Home Price
Homes
prices were down, with a 5.1% drop in August compared to a year ago. The
national median price for homes in August was $168,300, with distressed properties,
foreclosures, and short sales still accounting for 31% of sales. The
buyer’s market for residential property continues, as favorable prices, and
record low interest rates offer the most affordable conditions for
purchasing a home in the last 40 years.
Inventory
The
supply of homes measured in months on the market at their current pace of
sales fell 10.5% in the month of August, to an 8.5 month supply of
inventory, down from a 9.5-month supply in July. With homes being more
affordable than they have been in a generation and the lowest levels of new
home construction since World War II, this inventory is projected to
continue to fall, which will eventually result in the appreciation of home
prices and a move toward a balanced market.
Distressed Properties
and What They Mean to You
Since affordable
pricing tops the list of motivation and criteria for buying, it is no
surprise that many first-time home buyers purchase distressed properties,
which can be up to 30% below market value. Cost-conscious buyers are the most
interested in distressed properties, but it is important for them to take
into consideration the additional costs and expenses related to damage or
neglect that occurred during the foreclosure process. On average, distressed
property prices for first-time home buyers are $185,971 with a median of
$153,000.Another consideration for buyers is the transaction time. Short sales and
foreclosures typically take considerably longer to close because buyers deal
with institutions rather than individual sellers. Yet buyers who are patient
can benefit by paying less.As a seller, it is important to understand the current real estate market,
and a real estate agent is there to guide sellers every step of the way.
Agents can help sellers understand what the level of distressed sales and
competition look like in their area. This way, they will be able to price
their home right and will more than likely be able to attract attention from
potential home buyers. Want to know what your Ann Arbor home is worth?

Ann Arbor Real Estate: 10155 Curtis, Pinckney, MI 48169


Bedrooms: 3
Bathrooms: 2.1
Square Feet: 1816

2 STORY FOYER WITH FORMAL LIVING ROOM/DEN/ BEDROOM GREETS GUESTS, LARGE EAT-IN OAK KITCHEN W/ SNACK BAR OPENS TO GREATROOM WITH FIREPLACE. NICE SIZED BACKYARD, PERFECT LANDSAPING, SUPER CLEAN MOVE IN CONDITION, BASEMENT PLUMBED FOR BATH, CONVENIENT TO SCHOOLS, SHOPPING, PARKS. PRICED TO SELL. HOME WARRANTY INCLUDED.

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Ann Arbor Market Center
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Ann Arbor Real Estate: 10597 W. Splitstone, Pinckney, MI 48169

10597 W. Splitstone, Pinckney

Bedrooms: 5
Bathrooms: 3.1
Square Feet: 3743

STUNNING FROM TOP TO BOTTOM. 2 STORY FOYER – CHANDALIER LOWERS FOR EZ CLENAING, 1ST FLOOR STUDY W/WETBAR, BEDROOM/FORMAL LIVING ROOM, HUGE GRANITE CENTER ISLAND KITCHEN WITH EATING AREA TO DOORWALL TO MAGICAL GARDENS W/2 PONDS, WATERFALL, CREEK, INGROUND TIMED LIGHTING FEATURED ON GARDEN TOURS, FIREPLACE IN FAMILY ROOM FOR COZY FAMILY EVENINGS OR ENTERTAINING IS A BREEZE IN FORMAL DINING ROOM, FAMILY FUN IN PERFECTLY FINISHED BASEMENT. ESCAPE TO LUXURIOUS MASTER SUITE WITH DUAL SINKS, TUB AND SEPARATE SHOWER 4. CAR ATT GARAGE. DON’T MISS YOUR OPPORTUNITY TO OWN A PIECE OF ANN ARBOR REAL ESTATE!

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Ann Arbor Market Center
Keller Williams Realty

Ann Arbor Area Top Home Sales Prices in 2011

Ann Arbor Luxury Home Sales   

All price points in Ann Arbor Real Estate have been affected by the economy and local unemployment.

Some of the finest homes in South Eastern Michigan are located in Ann Arbor, Michigan, home of the Wolverines. Four homes have sold this year in excess of $1,000,000.

Ann Arbor luxury market is relatively small so you won’t have hundreds of homes to choose from. If you decide to buy in Ann Arbor, Michigan and this area fits your budget make sure you put it on your list. Very few areas can offer lakes, boating, dining and super easy convenience to shopping, golf, tennis, arts, culture and other entertainmaint. Did you know there have been 23 homes sold this year for over $750,000?  They are listed below:

 

Address Legal Sold Price Sold Date
321 HUNTINGTON DR OLD SID 1-09-027-055-00…. 790,000 2/3/2011
860 Colliston Lot 15, Block 9 Supervisors Plat – Barton Hills 760,000 3/15/2011
2963 OVERRIDGE BEG AT THE E 1/4 COR OF SEC 34, T2S, R6E, ALSO BEING THE 1,015,000 6/1/2011
140 UNDERDOWN BEG AT MOST EASTERLY COR OF LOT 7, BLK 2…BARTON HILLS 850,000 1/21/2011
3 GEDDES HEIGHTS DR PRT SEC 28 T25 R6E-WASHTENAW CO METES & BUNDS 829,000 1/5/2011
2985 HICKORY LN LOT 55 RIVERSIDE HILLS SUB NO 2 872,500 3/28/2011
5322 BETHENY CIRCLE UNIT 40 GLENNBOROUGH CONDO 850,000 4/8/2011
1588 TOWSLEY LANE TOWSLEY FARMS, UNIT #3 950,000 4/4/2011
3078 COTTONTAIL CT PARKRIDGE ESTATES SITE CONDO, SITE #10 847,000 4/15/2011
280 HIGH ORCHARD LOT 8 HIGH ORCHARD SUBDIVISION 1,040,000 6/21/2011
2860 HEATHER WAY PT NE 1/4 SEC 34, T2S, R6E 875,000 5/18/2011
2600 ENGLISH OAK DR NEWPORT HILLS, UNIT # 22 & 23 950,000 6/22/2011
260 BARTON SHORE DR. PART OF NE 1/4 SEC 17, T2S R6E 1,030,000 6/24/2011
2206 HILL ST. Lot 2 also pt. Lot 3 Berkshire Hills Sub. 850,000 6/15/2011
2210 Melrose Avenue Prt LOT 6 BEG NE COR LOT 5 770,000 7/15/2011
6725 FLEMING CREEK M.D. L4532 P51 UNIT 20, ARBOR HILLS II CONDOMINIUMS SPLIT 755,000 5/20/2011
2200 Belmont Rd ASSESSORS PLAT # 39, LOT # 21 860,000 6/8/2011
1921 CAMBRIDGE RD ASSESSORS PLAT#15, LOT #17 1,075,000 8/30/2011
2203 LAFAYETTE LOT 7 THE HIGHLANDS 825,000 8/5/2011
2115 WALLINGFORD LOT 18 M A IVES SUB 915,000 6/28/2011
3001 GEDDES AVENUE COM AT S 1/4 COR SEC 27, TH N 89-17-30 E 497.90 FT TO POB 755,000 8/29/2011
1828 Vinewood Blvd. Lot 10 College Hill 776,000 8/12/2011
2592 OAK HILLS DR. UNIT 40 NEWPORT CREEK CONDO 940,000 9/23/2011

The average of the 23 luxury homes sold price per square feet was $216.88. For more information on Ann Arbor luxury real estate market and updated pricing, call 734-274-9544.  Where do you want to shop for your next Ann Arbor home?   Have a house to sell before you can trade up?  Ask about Your Home Sold Guranteed in Ann Arbor MICHIGAN.

 

We have insider access to many Ann Arbor neighborhoods and Ann Arbor subdivisions.  All the Ann Arbor subdivisions below have videos of the home exteriors and interiors. Who does not want to check out the inside of other people’s homes? Talk to your Ann Arbor Real Estate Experts.

Ann Arbor Lofts on W Washington St with Video in Ann Arbor Michigan Arbor Pointe Subdivision with Video in Ann Arbor Michigan Arbor Woods Subdivision with Video in Ann Arbor Michigan Ashley Mews Condos with Video Ann Arbor Michigan Ashley Terrace Condos with Video in Ann Arbor Michigan Barton Hills Homes Golf Course Club Facilities with Videos in Ann Arbor Michigan Country French Video Eagle Ridge Condominiums with Video Kirkway of Scio Video Kirtland Hills Video Lake Forest Subdivision with Video in Ann Arbor Michigan Liberty Lofts with Video in Ann Arbor Michigan Liberty Pointe Video Loft 322 Condos with Video in Ann Arbor Michigan Meadow Grove Condominiums with Video Ann Arbor Michigan Nielsen Square Condos Vid Polo Fields Golf Community with Video in Ann Arbor Michgian Silverleaf Estates Silverleaf Village Subdivision with Vieo in Ann Arbor Michigan Sloan Plaza Downtown Condo Living with Video in Ann Arbor Michigan Summerfield Glen Condominiumswith Video In Ann Arbor Michigan The Ravines Sub Video Walnut Ridge Sub Video Weatherstone Condos with Video in Ann Arbor Michigan Wellesley Gardens Video Woodside Meadows with Video in Ann Arbor Michigan

New Construction Home Purchase in Washtenaw County – Do you Need REALTOR?

Do I Need a Buyer’s Agent to Purchase New Construction?

Q: I’m thinking about buying a new construction home.  Should I just go to the builder myself or do people use Realtors to buy new homes?

A:  STOP, WAIT, DON’T START THE CAR!  It’s absolutely in your best interest to hire a buyer’s agent experienced in New Construction homes BEFORE you start visiting the models.  Here’s why.  In order to represent you, the buyer’s agent must register you at the new home model.  If you visit the model on your own without your agent and register yourself, the builders generally will not allow the Realtor to negotiate on your behalf later.  So make sure to make an appointment with your buyer’s agent and they can show you all of the new construction in your area!  Ask Jennifer Graswick, buyer’s agent on our team who used to represent a builder for years, what it is like to now represent new construction buyers: 734-845-8888.

Reasons to hire a Realtor to buy new construction:

  • We Save You Money!  Are you getting what you are entitled to – both in quality and value? An experienced agent knows what you should receive and what “extras” might be available.
  • Pre-construction – Realtors have relationships with builders that can be quite beneficial to the buyer. The REALTOR® is also in a position to inform you when new pre-construction opportunities arise before they are even made public.
  • Dispute Resolution – in the event of a dispute with the builder over cost, build time, work orders, etc. you need the backing a strong Realtor and large real estate company such as Keller Williams. A builder is much more likely to yield when dealing with a top producing Realtor from a leading company who is bringing them a lot of business.
  • Our SERVICES are free to YOU – The builder pays us a commission once the sale is complete.  Since the purchase price of the property is the same with or without a Realtor, it makes sense to have a REALTOR® on your side to help you navigate the complicated home buying process.  We can help you locate your brand new dream home!
  • We know where the new homes are and can help you find the right one for you!

To give you an example, we recently worked with clients named Jane and Bob.  They’d looked at dozens of resale homes, short sales, foreclosures.  None of them quite measured up or was what they were looking for, so we decided to look at the new construction homes in the area.  We took them to visit several builders and in the end, we found two new construction homes they liked a lot.  We were able to negotiate on their behalf with 2 builders and got both of them to compete for our buyer’s business and lowered their pricing.  In the end, the home they chose was originally listed at a $214,900 price for a 4 bedroom 3 bath 3 car garage home.  The negotiated price with the builder?  $203,000.  Yep – saved them $11,900.  Not only that – we got the builder to agree to switch out the black appliances for stainless steel, put up a PVC white fence in the back yard, add crown moldings to the kitchen cabinets, add a water softener and a garage door opener to the 3rd garage door, and paint the front door (it was a funny shade of purple!)  Last but not least, we negotiated the builder to pay all the buyer’s closing costs AND buy down their interest rate to 4.25%.

As a Realtor, we know the Ann Arbor Area recent sales and can play good cop/bad cop with the builder and negotiate the price with the upgrades you want.  This may be more true with builder homes that have already been built and are sitting in inventory.

If you are thinking about buying Ann Arbor Area new construction, call 734-274-9544 and we’ll start sending you info on what new homes are available in Washtenaw County.  We are your Ann Arbor Real Estate Experts and are here to help.

Ann Arbor Real Estate: 1365 Regents Park Court, Ann Arbor, MI 48108

1365 Regents Park Court, Ann Arbor, MI:  Saline Schools

 

 

 

 

 

 

Bedrooms: 5
Bathrooms: 4.1
Square Feet: 3825


A MAJESTIC CUSTOM 2 STORY HOME IN ANN ARBOR, MI W/LUXURIOUS 1ST FLOOR MASTER: TRAY CEILING, RECESSED LIGHTING, FLAT SCREEN, 2 WAY FP, DELUXE SHOWER HEADS, ORGANIZED WALK IN CLOSET, OAK FLOORS, SOLID OAK DOORS, 6″ FLOOR/CROWN MOLDINGS, EXCEPTIONAL LIGHTING, BUILT IN BOOK CASES IN LIBRARY W/CATHEDRAL CEILING, GRANITE CENTER ISLAND GOURMET KITCHEN, SS APPLIANCES, BUTLER’S PANTRY, EXQUISITELY FINISHED LL W/HOME THEATER, SECOND KITCHEN, RUBBER EXERCISE FLOOR, BRICK PATIO. TREX DECK, 3 SEASON PORCH, ENJOY HEAVILY WOODED LOT THAT BACKS TO 30 ACRES DNR LAND.

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Ann Arbor Market Center
Keller Williams Realty

 

 

Ann Arbor Area Real Estate: 4553 Seven Mile Road, Northfield, MI 48178

4553 Seven Mile Road, Northfield

Lot Size: 70 Acres

60 ACRES FARMLAND, 10 ACRES WOODS, PARADISE FOUND FOR HUNTERS. EQUESTRIAN, DEVELOPMENT, INVESTMENT. PAVED ROADS AND QUICK ACCESS TO PLYMOUTH & NORTHVILLE.

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Kathy Toth and Team
www.KathyToth.com

Ann Arbor Market Center
Keller Williams Realty

Impact of Interest Rates on Washtenaw County Home Buyers

Rates are historic lows.  Should you wait to buy?  Do you think rates are going lower?  Do you think home prices are going lower? Take a look at Ann Arbor Area market timing for real estate trends. So what are you to do?


If you look at the chart below you will find scenarios of stable prices and lower rates, lower price and rising rates, etc.  See what happens to home mortgage payments.

To figure out which was a smarter bet–counting on home prices to fall further or interest rates to rise–our Keller Williams research department took the last ten years of monthly home price and mortgage interest rate data and ran the numbers to see which was more likely: an increase in mortgage rates or a further drop in home prices. Here’s what Keller Williams found:

  1. A one percent increase in mortgage rates is ten times more likely to happen than a ten percent drop      in home prices.
  2. A one percent rate increase more than offsets a ten percent reduction in home prices.
  3. When interest rates fall by one percent, the total interest paid is almost three times more than the      interest savings from a ten percent drop in home prices.
  4. The probability of both happening at the same time is ridiculously small, and homeowners would      still pay 15 percent more in interest over the life of the loan.

Interest rates have been at 50 years lows. Potential home buyers need to understand the positive financial impact low interest rates have on the cost of Ann Arbor Area home ownership and the thousands of dollars that can be saved over the life of a typical mortgage loan. For those who can afford to buy, trade up, or invest, our current market presents a lifetime opportunity.  Talk to our preferred lenders to take advantage ofknowing your options.  Call us 734-274-9544.  I wrote about Mortgage Calculators to give some test run options.  If you want help with pre approval from a trusted lender, click here.

Mortgage Calculators for Ann Arbor Area Home Buyers

I found a great resource for mortgage calculators for those planners and analytic types in Washtenaw County, along with a quick video.

Mortgage Calculators for Ann Arbor Home Buyers

Refinance Calculators

Borrowers contemplating a refinance want to know whether the financial gain from a lower interest rate more than offsets the refinance costs; whether it is cheaper to raise cash through a refinance than through a second mortgage;  whether the cost of refinancing an ARM into an FRM is justified by the reduction in risk; and whether paying down the loan balance  in order to lower the refinance cost is a good investment; and whether it pays to consolidate short-term debt into a refinance.

Mortgage Payoff Calculators

Borrowers use mortgage payoff calculators to learn how different extra payment plans will affect the payoff date and the total amount of interest they  will have to pay.

Mortgage Payment Calculators

Borrowers use mortgage payment calculators to find the payments on FRMs and ARMs of different types and/or carrying special options, such as payment options or temporary buydowns.

Amortization Calculators

Borrowers use amortization calculators to monitor their progress in paying down the loan balance and increasing their equity, to see how the process would be affected by extra monthly payments or biweekly payments, and to check their tax savings.

Buying a House

Home buyers may use a calculator to determine how much they can afford to spend, and whether they should buy now or wait.

Mortgage Comparison

Borrowers choosing between different mortgages, including fixed-rate and ARMs, can use these calculators to compare future values of net cost.

Mortgage Interest Calculators

Borrowers choosing between different mortgages, including fixed-rate and ARMs, can use these calculators to compare their interest cost.

Consolidation Calculators

Borrowers with substantial amounts of short-term debt may use consolidation calculators to determine whether and how best to consolidate the debts in a mortgage.

Mortgage Insurance Calculators

Borrowers putting less than 20% down may use mortgage insurance calculators to decide whether to purchase mortgage insurance, the best premium plan, and how long they will have to pay it.

Points Calculators

Borrowers with an opportunity to pay points  to reduce the interest rate can use these calculators to find the break-even period, or the rate of return on investment.

Down Payment

Borrowers can use these calculators to find the rate of return on an increase in down payment, whether cash is better used for down payment than for points, and whether cash for settlement costs is better raised from the home seller or the lender.

Second Mortgages

Borrowers can use these calculators to determine whether a second mortgage “piggyback” is less costly than mortgage insurance or a jumbo first mortgage, or to compare two piggybacks.

Mortgage Term

Borrowers can use these calculators to explore how the term together with the interest rate affect the mortgage payment, and to determine whether a shorter term is a good investment.

APR Calculators

Borrowers can use an APR calculator to estimate lender fees whereas lenders use them to make sure their APR disclosures are correct.

This is courtesy of the Mortgage Professor who writes for Inman News: His link is http://www.mtgprofessor.com/calculators.htm  and let him know what you think.

I just want to share more from one of the good guys – Huron Valley Financial.  They have these calculators too.

Mortgage Calculators
The following online calculators serve as helpful tools during the mortgage process.
Payment/Amortization

Calculate your monthly payment and see how the principal is paid over time.
Rent vs. Own

      Calculate the difference between renting and buying a home.
Annual Percentage Rate (APR)

      Calculate the APR for fixed-rate or adjustable-rate loans.
Debt Consolidation

      Determine if you can consolidate your debt by combining it with your home mortgage.
Prepayment Savings

      Find out how soon you can pay off your mortgage by making a prepayment.
Early Payoff

      Determine the additional monthly payment amount needed to pay off the loan sooner.
Refinance Break-Even Point

      Find out how long it will take to “break-even” on a refinanced loan.
Tax Savings

      Determine the estimated tax savings with a new loan.
        The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

If you need help in getting into your Ann Arbor dream home, let our Ann Arbor Real Estpate Expert team help you.  734-274-9544.

We work with reliable lenders who are Ann Arbor Experts.