Ann Arbor Realty relies on data to inform future buyers and sellers. We strive to provide accurate information to help you make informed decisions about future housing plans .
Ann Arbor, Michigan is a city in southeastern Michigan with a population of slightly more that 100,000. It is home to the University of Michigan as well as numerous hi-tech businesses. The recession that gripped much of the state of Michigan and most of the country has been softened in Ann Arbor by the entrepreneurial spirit created by the University of Michigan through the spin-off of businesses it has created in new and emerging fields. Consequently, Ann Arbor housing appears to be stabilizing and appreciating faster that the rest of the state.
According to the Ann Arbor Area Board of Realtors, the total real estate sales for January 2011 are up 15.7% over January of last year. Single family homes have increased 8.5% year to year and condominium sales posted a strong increase of 26.6% when compared with last years figures. Strong activity in the month of December as well as the past six months indicates a possible return for the Ann Arbor realty. While it is still prudent to be cautious about an exuberant return, individuals should be prepared to see Ann Arbor area real estate values increase.
Ann Arbor Realty – Facts that Tell a Story
Ann Arbor houses January, ’11 sold units increased 14 units from January ’10.
homes spent an average of 8 days less on the market before being sold in January 2011.
the median sales price for a residential home increased from $124,250 to $130,000.
there were 127 Ann Arbor houses newly listed for sale in the month of January 2011.
Many neighboring communities in this marketplace are selling as well. For example, Ypsilanti homes are selling extremely well with 12 home sales in January. Homes were on the market for 104 days on average last year. However, homes in Ypsilanti that sold were on the market for an average of just 73 days. Ann Arbor area real estate is increasing in the surrounding area including Chelsea and Dexter.
Ann Arbor Houses – More Housing Data
The latest statistics for Ann Arbor area houses and real estate trends from the Ann Arbor Area Board of Realtors state that as of February 10th 2011 the average listing price for a home was $177,683. This is a increase of $2,003 when compared to the same period last year. Some of the most popular neighborhoods in the Ann Arbor area are Burns Park , the Old West Side and the neighborhoods adjacent to the University of Michigan’s North Campus.
The local Area Board of Realtors believes that real estate market is becoming more active. While prices may not have recovered their record values as of yet, they are starting to reflect the real conditions of the market in Ann Arbor housing.
You can search Ann Arbor houses here or contact Prudential Snyder & Company, Realtors, a local Ann Arbor realty company to get more data or learn about housing opportunities. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!
Purchasing a home is one of the most important steps that you will take in your lifetime.Besides being one of the largest financial investments that you may ever make, today it has easily become one of the most complex.Entering into a Buyer Agency Contract will be the first and most important step that you will take in the home buying process.
Michigan law requires real estate licensees who are acting as agents of sellers or buyers of real property to advise the potential sellers or buyers with whom they work of the nature of their agency relationship.
A buyer’s agent, under the buyer agency agreement with the buyer, acts solely on behalf of the buyer.The buyer’s agent will have a fiduciary responsibility to negotiate on your behalf.Working with a buyer agent is beneficial for so many reasons.
Your buyer’s agents will provide help and support throughout the entire process.
Buying or selling a home requires numerous disclosure forms, inspection reports, mortgage documents, deeds and so much more.An experiences real estate professional will have the expertise to walk you through the home buying process.
Your buyer agent can provide important information on each property that you are interested in learning more about.They can also provide crucial local community information on utilities, zoning and more.You can’t find everything on the internet; let your Realtor lead the way!
Benefit from your buyer’s agent negotiating experience.There will be many factors involved in your real estate transaction including but not limited to price, date of possession, possible repairs or concessions, financing or furnishings.Your buyer agent can advise you as to what’s worth negotiating.
Your buyer agent can speak the language.Odds are you don’t know the difference between a CTS status from a PUD.You can understand why it’s important to enter into a Buyer Agency Contract with your real estate professional who is immersed in the industry.
Most people only buy and sell real estate a few times in their entire lifetime.Your buyer agent spends every single day in the real estate business and is up to date on recent laws and possible regulation changes.Realtors handle hundreds of real estate transactions over the course of their career.Working with an expert in the industry is crucial.
Most often Realtor compensation is at the expense of the seller.
THIS IS THE BEST TIME TO PURCHASE YOUR FIRST HOME!
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.Time is running out!
Top 5 frequently asked questions about the First Time Home Buyer Tax Credit:
1) Who is eligible to claim the tax credit?First-time home buyers who purchase any kind of home are eligible for the tax credit.It’s important to know that the home purchase must occur on or after January 1, 2009 and before December 1, 2009.The purchase date is the date when the closing occurs and the title to the property transfers to the home owner.
2) What is the definition of a first-time home buyer?The law defines “first-time home buyer” as a buyer who has not owned a principle residence during the three-year period prior to the purchase.For married taxpayers, the law will look into the history of both home buyer and his/her spouse.
3) How is the amount of the tax credit determined?The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8000.
4) Are there any income limits for claiming the tax credit?Yes, there are.The income limit for a single taxpayer is $75,000.For married tax payers filing a joint return, the income limit is $150,000.
5) What types of homes will qualify for the tax credit?Any home that will be used as a principle residence will qualify for the credit.This includes attached homes like townhouses and condominiums; single-family detached home, manufactured homes, and even houseboats.Keep in mind that you cannot purchase a home from any ancestors (parents, grandparents) or lineal descendants (children, grandchildren, or your spouse.
Contact you tax advisor or your local mortgage lender for more information.
Why aren’t you with Prudential Snyder & Company, Realtors?
Ann Arbor real estate is the domain of the motivated entrepreneur. Real estate is led and dominated by people with talent, a commitment to personal service, and a need to succeed.
Whether you are just considering a real estate career or an experienced agent, Prudential Snyder & Company may be the right choice for you!
·Leading edge technology tools and support
·Affiliation with one of the nation’s best-known brands
·One-stop shopping for your customers’ real estate needs
·Exclusive Fine Homes along with extensive marketing support programs
·Innovative marketing tools
·Non-competing management support
·Global Relocation Network
·Support staff – professional, reliable and accessible!
·Extensive market area covering 5 counties
·State-of-the-art Agent websites complete with lead generation functionality
·Single point-of-contact transaction management
·Web-based contact management
Contact us if you’re looking for a new opportunity! Sharon Snyder at
734-747-7500 orsharon@prusnyder.com. Choose Prudential Snyder and Company for the bestAnn Arbor Realtors!
It’s that time again!The Back to School excitement is in the air, and it’s a wonderful time to set the foundation for life-long habits. Here are our top five tips to create a successful routine for your child.Taking small steps to ensure a fantastic school year can last a lifetime!
Top 5 tips:
1) Create a proper work space for doing homework.TURN THE TV OFF.Be sure that the cell phone is tucked away in another room and that there are no temptations to listen to music.After a long summer, turning off all distractions may be a bit of a challenge.However, a quiet and uninterrupted study space is essential for your child’s success.
2) Commit at least one half hour per week to your local library.This is a fantastic time for you and your children to establish some quiet time together and an opportunity for your family to discuss your favorite works of literature.Ann Arbor has numerous libraries in the area, and the local Downtown Ann Arbor Library even offers FREE access to Rosetta Stone.Why not learn a new language?
3) Always ask if your children if they need help with their homework, even if they don’t ask.This can open up important dialogue for any underlying issues with certain subjects.Their attitude toward education will make or break their study habits early on in academics.It’s important to make sure that they are confident in the classroom, and if they need assistance be sure to turn to a professional tutor. Tutor Time is an excellent local tutoring service.
4) Its never too early to teach your child how to organize their time.Give them ideas on how to manage their daily school related activities and extra curricular activities.Setting a schedule can create a sense of confidence in your child.Never underestimate the power of preparation and planning.
5) Breakfast is still the most important meal of the day!Even if it’s something as simple as a banana or a granola bar, creating a habit of eating first thing in the morning will ensure a healthier child who can hold concentration through out the busy school morning. The entire day can be quickly thrown off by skipping breakfast in the morning, be sure to make time!
In our commitment to being the Local Innovation Leader, we at Prudential Snyder & Company would like to invite you to CLICK TO THE FUTURE of Real Estate!
GE announced today that it’s in-sourcing a key R&D facility to a site just outside of Detroit, here in Van Buren Township. This new Advanced Manufacturing and Software Technology Center will offer jobs to more than 1,100 scientists and engineers focusing on information technology, clean energy and aviation R&D.
The “Green Friendly” jobs will include everything from:
wind turbines
finding faster and more efficient ways of machining components
developing inspection, casting, and coating technologies for General Electric’s Aviation and Energy Businesses
software development
data architecture
networking
business intelligence and program management.
business operations for several advanced technologies, like the smart grid
The site also will serve as a training hub for GE information technology professionals.
Are you interested in learning more about the local “Green Revolution?”
Did you know that Prudential Snyder & Company has more Certified EcoBrokers than any other local Real Estate Company?
Our Certified EcoBrokers join the movement of professionals pushing the real estate market toward energy efficient, sustainable, and healthier future in homes and buildings.
In our commitment to being the Local Innovation Leader, we at Prudential Snyder & Company would like to invite you to CLICK TO THE FUTURE of Real Estate!
Ann Arbor, Michigan is a city in southeastern Michigan with a population of slightly more that 100,000. It is home to the University of Michigan as well as numerous hi-tech businesses. The recession that gripped much of the state of Michigan and most of the country has been softened in Ann Arbor by the entrepreneurial spirit created by the University of Michigan through the spin-off of businesses it has created in new and emerging fields. Consequently, Ann Arbor housing appears to be stabilizing and appreciating faster that the rest of the state.
