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.

4321 Walsh, Whitmore Lake, MI – Ann Arbor Area Real Estate for Sale

4321 Walsh, Whitmore Lake, MI 481894321 Walsh, Whitmore Lake, MI 481894321 Walsh

Bedrooms: 4

Bathrooms: 2.5

Sq. Feet: 2,142

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Welcome to this beautifully updated home situated on 10 acres with three fenced pastures in the highly sought after Dexter School District. This secluded nature and horse lover’s gem provides breathtaking views of the property with a true up-north feel. This professionally renovated home has a complete newer kitchen, hardwood flooring throughout the main floor, vaulted ceilings, newer windows, siding, and concrete driveway. The generous first floor master features a large master bath featuring a claw foot soaking tub, tile and glass 3 head shower, and walk-in closet. This very functional property includes a 7 stall L-shaped horse barn featuring a heated tack room with a full bathroom. Another outbuilding is outfitted for the serious mechanic or handyman with a car hoist and fully is heated. The third outbuilding currently serving as a chicken coop can also be easily used as an additional 2 stall horse barn. Come and enjoy the true serenity of 4321 Walsh Road. It is one of a kind in the Ann Arbor area real estate market!

 

Additional Ann Arbor Area Real Estate Listings

7581 N Britton Hwy
3175 Dwight

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.

404 Settlers Cove, Tecumseh, MI 49286 – Ann Arbor Area Real Estate for Sale

 404 Settlers Cove, Tecumseh, MI 49286 404 Settlers Cove, Tecumseh, MI 49286404 Settlers Cove

Bedrooms: 3

Bathrooms: 3.0

Sq. Feet: 1,615

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Located in Tecumseh’s desirable Indian Hills subdivision, this flawless ranch awaits. The open floor plan invites from the moment you step through the door. The Great Room with vaulted ceiling and a gas fireplace is the perfect spot to cozy up or entertain and it opens to the stylish eat-in kitchen with peninsula and bar seating. Three bedrooms on the main level including the master with en suite and spa tub. A full finished basement doubles the living space and allows for a family room, work out room, study, additional bedrooms and more! Close to schools, shopping and dining. Schedule your showing of 404 Settlers Cove today!

 

Additional Ann Arbor Area Real Estate Listings

1017 Alpine Drive
7359 Homestead Road

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 exc;isove Rea; 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.

7090 Ulrich, Dexter, MI – Dexter Real Estate for Sale

7090 Ulrich, Dexter, MI 481307090 Ulrich7090 Ulrich, Dexter, MI 48130

Bedrooms: 5

Bathrooms: 3.5

Sq. Feet: 2,426

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Welcome to a well kept two-story home in Huron Farms. The popular Huron Farms Subdivision is in the highly sought after Dexter School District and has easy access to trails and metro parks. Upon entering you will be amazed by the two story foyer and hardwood flooring. A formal living space is just inside with light streaming in from above. The heart of the home is the large great room, with a vaulted ceiling, large windows and natural fireplace. The kitchen and eating area are adjacent. The large kitchen features stainless appliances, warm wood cabinetry, recessed lighting and tile flooring. Access to the deck will make entertaining a snap. The first floor master suite includes a walk in closet and a bath with jetted tub, dual sinks and separate shower. Upstairs, a spacious loft could be home office, play room or craft space. Three bedrooms and a full bathroom on the second level makes this an ideal family home. The walkout lower level is partially finished and leads you to views of the Huron River with quick access to walking trails and parks, all within walking distance of town. Come out to 7090 Ulrich and see a wonderful home in the Dexter Real Estate Market!

Additional Ann Arbor Area Real Estate Listings

2616 Bayberry
3782 Kipling Circle

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 exc;isove Rea; 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.
Toth Team Worldwide Network exceeds Client expectations while delivering top performance in the purchase or sale of residential real estate worldwide.

 

8185 S Huron River Dr., Ann Arbor Area Real Estate for Sale

8185 S Huron River Dr

Bedrooms: 3

Bathrooms: 2.5

Sq. Feet: 1,724

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This beautifully updated two-story home in Ford Lake Heights is move-in ready. Features include a remodeled kitchen with granite counter tops and all new stainless steel appliances. The home has new carpet in the family room, most of upstairs, and the steps leading to the partially finished lower level. New durable laminate flooring in the entryway, kitchen, dining room and living room will make clean-up a snap. The cozy family room has a fireplace and will be a wonderful place to relax. A half bath on the first floor is a nice convenience. Upstairs, a master bedroom with french doors, crown molding with cable lighting will be an oasis after a long day. Two additional spacious bedrooms and a full bath ensure plenty of room for all. The yard features a large 16×20 deck (recently stained), privacy fence, and storage shed. The home is freshly painted and very clean! Easy access to I-94 and minutes from Ann Arbor, U of M, EMU, downtown Ypsilanti, Depot Town, and the local parks. 8185 S. Huron Drive is a must see in the Ann Arbor area real estate market.

Additional Ann Arbor Area Real Estate Listings

1175 Overidge View Court
1915 Suffolk Street

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 exc;isove Rea; 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.

Watch Live Stream of Bald Eagle Nest Near Ann Arbor, Michigan

Click play above to watch a live stream of a bald eagle nest with babies. This nest is located in a residential neighborhood near Ann Arbor, Michigan. The Bald Eagle is a bird of prey found throughout North America. It has been the national bird and national animal of the United States since 1782, and was an endangered species until recent conservation efforts were implemented. This video of a majestic creature in it’s natural habitat comes to you from the nest located nearly 105 feet high, near the top of a white pine tree.

Ann Arbor Real Estate for Sale: 3329 Gensley Road, Ann Arbor, MI 

 

 

This beautiful, well cared for and updated ranch is on over three private acres in Saline Schools. It has been freshly painted and is move-in ready. The open great room features transom windows, cathedral ceiling, border hardwood flooring and a gas fireplace. The great room is open to the  kitchen and is makes an ideal entertaining space. The large kitchen has hardwood flooring, plenty of cabinet space, under cabinet lighting, desk area and peninsula breakfast bar. All appliances are included int he sale. The formal dining room has hardwood flooring, a bay window and crown molding. An elegant space for intimate gatherings with friends or family. The master bedroom includes two walk-in closets! The tasteful master bath has a soaking tub, dual sinks and separate shower. Two other ample sized bedrooms are serviced by a main bathroom. The first floor laundry comes complete is very convenient and offers storage too, with cabinetry, sink, washer and dryer. The daylight unfinished lower level is prepped for a full bath and just waiting to be finished. This home is located just minutes away from downtown Ann Arbor and Saline. This home is ready for a new owner, so come see this gem in the Ann Arbor real estate market today!

Additional ANN ARBOR AREA REAL ESTATE Listings

1038 Meadowview Drive
11955 Mayra Lane

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 radio 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.

How Can a Pre-Listing Inspection Enhance Your Home Sale?

If you’re selling your home, there are a myriad of benefits to ordering a pre-listing inspection. Today we’re joined by an expert to help explain them all.

Looking to buy a home? Search all homes.

Looking to sell a home? Get a FREE Home Value Report.

Why should sellers get a home inspection before selling their home? Today we’re joined by HouseMaster marketing representative Melissa Berends to give you the lowdown. Melissa will go over the benefits of a pre-listing inspection, but for more information about home inspections and questions you should as as a buyer, download our free e-book by clicking the image below.

 

In case you don’t know, a home inspection is an unbiased, objective evaluation of the home’s major components which notes any potential defects or areas of concern. HouseMaster refers to these as pre-listing inspections.

The first major benefit you get from a pre-listing inspection is that you know what repairs are needed and can decide to either make them or negotiate an adjustment to the selling price. Seller-made repairs can normally be made for less than the negotiated repair cost, so it’s probably in your best interest to make the repairs that are revealed during the pre-listing inspection.

 

A pre-listing inspection greatly enhances your home’s marketability.

 

Another benefit is that the original selling price is more often obtained when a pre-listing inspection has been performed because either the noted repairs have been made or the original selling price has been adjusted to reflect the home’s condition. Therefore, a realistic price is established based on factual data prior to the home being listed. You could also lose more money off your initial asking price if a buyer performs their own inspection and find undisclosed flaws. In fact, for every flaw a buyer finds in a home that would cost $1,000 to fix, you stand to lose $3,000- $5,000 off your asking price. In truth, the average buyer doesn’t really know what it would cost to fix a given issue, and flaws are seen as far more egregious than those disclosed beforehand.

A pre-listing inspection also greatly enhances your home’s marketability. If you have an excellent home inspection report, you can show it to potential buyers. For example, HouseMaster provides a link to their electronic pre-listing inspection report for any digital media advertising. There are many other creative ways to use the inspection report to help sell your property, as well.

Lastly, your potential liability will be reduced with an independent report of the home’s condition from a professional home inspection company. You may not know the true condition or any possible defects when completing the seller’s disclosure statement, which can cause legal and goodwill issues. If both you and the buyer are aware of the home’s conditions, you can proceed forward with a good-faith negotiation.

For a more in-depth look at the scope and purpose of a home inspection, click here to see one of HouseMaster’s own reports.

If you would like more information from Melissa about home inspections, you can call her at (888) 848-0202.

A special thanks to Brandy from Toronto for inquiring about this topic. She will receive a $25 gift card for her question being chosen. If you have any questions or are interested in buying or selling a house, please don’t hesitate to give us a call or send us an email. We’d be glad to assist you.

 

We Promise to Deliver the Same Level of Service to Your Friends & Loved Ones

 

Thank you for being a client of the Toth Team Worldwide Network. We hope you can help us help your friends and family members, and in return, we promise to give them the same level of service we give you.

Looking to sell your home? Get a FREE home value report

Looking to buy a home? Search all homes for sale

 

On behalf of our team, we’d like to thank you for working with the Toth Team Worldwide Network. Our promise to you is simple—communicate with you to ensure you have the best experience possible with your real estate transaction. Thank you for being a client!

As your needs change over the coming years, we want to make sure that you, your friends, and your family members have the same wonderful real estate experience.

When we spoke about our team’s promise before the transaction, you said you’d help us meet more people that we can help. We’d be extremely grateful for the opportunity to work with anyone you know who is looking to buy or sell a home. Just give us call or send us an email or text if you know a friend, family member, or co-worker who is looking to buy or sell a home.

 

Our promise to you is simple.

 

We’ll reach out to them and with your permission, we’ll share your story with them, as well as offer to educate them on the process of the real estate transaction so they can receive the same great experience.

Thank you again for being a client!