Selling Your Home

Oct. 2, 2018

Fall Real Estate Market Update

It is now officially fall. And, in Michigan the weather has changed drastically. However, it will be up in the 80s again early next week. Nonetheless, the leaves are changing and pumpkins are everywhere. So, what is changing with the real estate market? Well, according to CoreLogic, the year on ...

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March 25, 2018

How long does it take on average to sell a home?

Its not uncommon for homes in certain markets to stay on the market for a day or less. Sometimes, homes can go pending within hours after hitting the MLS. However, what is typical? And, why do some homes sit on the market for months? The biggest factors affecting the speed ...

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March 19, 2018

Troy Michigan Residential Real Estate Market Report for March 2018

If you have been considering selling your home in Troy, residential real estate statistics are indicating that now is the right time. Over the past year, the median home value increase was $11,000 in the state of Michigan. In the City of Troy specifically, the median property value growth ...

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March 8, 2018

From Housing Bubble to Today: How Far Did We Drop and Where are We Today?

After seeing homes prices peak in 2006, the US housing market collapsed in the longest economic recession this country has seen since the 1940s. Nationally home prices dropped 33% on average. In Michigan, home prices crashed 43%, which is 10% more than the national average and the 4th largest loss ...

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March 5, 2018

Real Estate Investing Success: Work Harder and Smarter

Part 1 of 4 of the series on Residential Real Estate Investment Basics: Work Harder and Smarter
Since I was young child, I have always had a fascination with real estate and architecture. As a teen, I would sneak into construction sites (please don’t do this!) and walk the floor ...

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Feb. 28, 2018

Michigan Property Taxes and Avoiding "Uncapping"

The Tax Act requires an annual assessment of all taxable property in the state of Michigan. Before the end of the day of the first Monday in March, the assessor must complete the annual assessment roll, setting forth the name and address of every person subject to the tax, along ...

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Feb. 26, 2018

1031 Exchange – Defer Tax to Increase Wealth

When a property is sold, the seller is forced to pay capital gains on the profit realized from this sale. For example, say you buy a rental property in 2010 for $250,000. If you are able to sell that property today for $310,000, you would have a profit ...

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Feb. 25, 2018

Michigan Water Law Basics

Water law is important in Michigan, not just because of the Great Lakes, but also because the state boasts more than 60,000 inland lakes and rivers as well. The terms riparian and littoral are used to refer to the set of rights that a landowner has to use the ...

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Feb. 22, 2018

State of the Residential Real Estate Economy

State of the Residential Real Estate Economy

First time home buyers represented 29% of the January sales, down from 33% one year ago. Cash sales up only 1% year on year, while distresses sales down  2 points to 5% of sales. (Data courtesy of the National Association of Realtors). Across ...

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Feb. 20, 2018

How will the 2018 Tax Reform affect Homeowners?

How will the 2018 Tax Reform affect Homeowners?
The Tax Cuts and Jobs Act was officially signed into law on December 22, 2017, and made effective for the 2018 calendar year. Here is what changed, of importance to home owners, and what did not change.
•    Mortgage Interest Deduction: Interest ...

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