Northern Michigan Real Estate

The burning question on ever Buyer, Sellerand Realtor's mind is - When will our market stabilize?  If we each had a crystal ball, we could predict that information for the world to hear and see.  Unfortunately, we do not have a crystal ball. 

A healthy Real Estate market is one that has no more than 6 months of inventory in it.  Nationally, we currently have approximately 9% of inventory on the market.  So, what does this mean.  It means that we are still in a Buyers market for homes. 

In order to maintain a healthy Real Estate market, we must have an equal amount of Buyers who are ready, willing, and able to purchase homes and Sellerswho are willing to sell at market value.  Without both of these critical components, we will have a disconnect in our market.  This is what we are currently seeing.  Buyers are searching for the deal of the century, therefore taking much longer to make a decision to purchase.  Buyers are also waiting for interest rates to drop even further before making that all important decision to sign on the dotted line.

The 1st Time Home Buyer Tax Credithas increased 1st Time Buyers to purchase.  Just over 50% of the homes purchased last month were 1st time homebuyers.  In order to reach more home buyers, we desperately need for Congress to pass the $15,000 primary home purchase tax credit.  This tax credit would enable ANYONE who was purchasing a Primary Residence to be eligible for the credit. 

Our housing market is in much better shape then it was a uear ago when we were faced with 18+ months of inventory on the market. 

Although some are waiting for interest rates to lower even further, we are seeing interest rates at an all time low and it is a GREAT TIME TO BUY A HOME!

Link to Video Jim Gillespie, President and CEO of Coldwell Banker

Christine Stalsonburg, Realtor

"A Tradition Of Sound Advice"

231-944-0854

www.stalsonburg.com

www.northernmichiganrealestatecs.com

Coldwell Banker Schmidt Realtors

402 E. Front St.  Traverse City, MI   49686

I have a fabulous home for sale in Fountain Hills, Arizona.  Fountain Hills is located just east of Scottsdale Arizona, nestled in the foothills of the McDowell Mountains.

This beautiful 3 bedroom, 2 bath home has some of the most magnificent mountain views Fountain Hills has to offer.  You must see the views to truly appreciate the home.  Over sized family room includes a plasma TV and built-in entertainment center that conveys with the sale of the home.  Custom paint throughout.  Spacious den offers the convenience of a home office without forfeiting valuable bedroom space.  Pebble Tec pool enhances the peaceful feel that you will get from this paradise backyard complete with water feature, extended covered patio with fan and lighting as well as surround system speakers. 

Washer/Dryer and refrigerator convey with home.  3 car garage comes complete with build-in cabinetry that will make any man happy in his "man cave".  Automatic watering system in front and backyard, which are both desert landscaped.  Home includes a security system that can be professionally monitored or manual.  Sunscreens, ceiling fans and multi-pane windows make for great energy savings.

I have been working with a home warrnaty company that provides warranty service to the selller for the time of the listing and then transfers the policy to the new buyer.  This has been a great listing tool.  There is no up front cost to the seller, all fees are paid at closing.  If the house does not sell, the warranty company does not back charge the customer.  It has just recently proven to pay for itself in a huge way when my seller had their furnace go out.  We were able to call the home warranty company and have them send out a service technician to evaluate and eventually replace the unit.  Without this covereage, my seller would have been out of pocket for these repairs.  American Home Shield is the company that I have worked with and they do a great job with their warranty programs.  If you don't offer this as a service on your listing appointments, you are missin gout on a great opportunity to put your services at an advantage over someone elses.