Posts Tagged ‘Ann Arbor MI homes’

Wednesday, October 7th, 2009

YOUR housing market

We keep being bombarded with information about the glut of homes on the Green Globe for Realtors Can Help You in Any Market!market and the steady decrease in pricing nationally. Although  Greater Ann Arbor Area Real Estate isn’t immune to the decline, we need to focus on the LOCAL marketplace for a moment!

This may be the greatest opportunity for average investors and home buyers that we’ll have in our lifetime! It’s all basic supply and demand – the increase in inventory has brought us a decrease in prices. If you’re considering buying a home, take advantage of the low interest rates, 1st time buyer credits (also eligible to you if you haven’t owned a home for more than 3 years!), and great prices available in our market.

Special Notice to Sellers: It’s all about the pricing! We’re seeing Ann Arbor homes that are aggressively priced receiving multiple offers. As we enter the Fall market and look towards Winter, we typically see a decrease in available inventory. Review your competition’s pricing and amenities and carefully evaluate your list price. Make sure you’re ahead of the curve!

It’s all about YOU and your local marketplace! Make sure you’re getting the most current information on your area from a Prudential Snyder & Company Realtor. We’re readily available to answer questions and assist with your housing needs. Call us at 734-747-7500 or 734-747-7700 weekdays or 734-660-0105 weeknights and weekends. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!

 

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Wednesday, October 7th, 2009

Interested in Becoming a Landlord?

Ann Arbor House for sale in HandsMany folks who are unwilling or unable to commit to purchasing a home right now are looking to rent instead. As we’re seeing the need for rental properties increase, we’re recieving more and more inquiries from individuals who are considering buying investment properties. If you’re considering taking advantage of the current buyers market and interest rates, here are some basic considerations before becoming a Landlord.

  • Do you know the market? Use a qualified Ann Arbor Real Estate Agent to help you assess the value of the property you’re interested in.
  • Have you done your homework? Make sure you know the area you’re investing in and have studied comparable sales and rentals.
  • Is the house a sound investment? Utilize a private home inspector to review the condition of the property before purchase. If it needs a lot of work, it may not be a good choice.
  • Make sure you can afford the investment. Rental fees aren’t guaranteed – don’t assume the property will always be rented and make sure you’ve got working capital for emergencies and repairs.
  • Do you know your rights and responsibilities? Michigan has laws in effect for the protection of both the landlord and the tenant. Make sure you understand them!

 

Fannie Mae has put together a great book online covering everything from finding the right property to rental calculators and budget worksheets to assist you in the process. https://www.efanniemae.com/lc/publications/pdf/landlord.pdf

 

As always, Prudential Snyder & Company Realtors are here to assist you with any of your real estate needs. We’re experienced in dealing with investment properties and property management and can help you every step of the way. Call us at 734-747-7500 or 734-747-7700 weekdays, or 734-660-0105 evenings and weekends. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!

 

There are 2 new sales to report in Burns Park!

1234-ferdon

1324 Ferdon

List Price: $559,000  Sales Price: $547,050 (after concessions)

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1103 Packard

List Price: $349,800            Sales Price: $319,000

 

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