SE Michigan News
We talk to Ellen Mahoney, a commercial specialist, about challenges the commercial real estate market is facing like higher capital and borrowing costs and higher vacancy rates as well as what sector of the commercial market there are opportunities right now. We also discuss the impacts the lack of foot-traffic in the city means for other local businesses and how some commercial properties are being repurposed.
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SE Michigan News
Just when we thought interest rates had stabilized, they shot up quickly the beginning of August 2023. It has some buyers wondering if now is still the right time to buy or should they wait. Michael Koorman from Eagle Financial joins us to discuss how interest rates and low inventory is impacting the market and why waiting doesn’t guarantee a lower mortgage payment. We also discuss next year’s election, inflation and how over 1 million existing home owners have re-financed as part of a plan to blended mortgage plan.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-8-31-23-finalmx
SE Michigan News
With current interest rates and inflation pressures, some first-time buyers are pooling resources with a friend to buy a home. We discuss the financial benefits of splitting the costs of the home purchase as well as subsequent upkeep and repair of the home as well as the need to determine up front what happens when one party is ready to move out and the tough questions you need to address to be sure you and your friend are a good fit for co-home ownership.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-7-13-23-finalmx
SE Michigan News
Home inspections are a common part of the home buying process, but is there value to doing an inspection pre-sale as a seller? We look at the pros and cons of having an inspection done prior to putting your home on the market, tips to prepare for a home inspection and provide a checklist of things you can look for and address before a home inspection is done.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-6-22-23-finalmx
SE Michigan News
June is Parade of Homes month and we share how to take advantage of the opportunities that are part of this popular event. Supply chain, labor force, zoning, and interest rates are all items that home builders are navigating today and we discuss all these with Forrest Wall, CEO of the Homebuilders Association of SE Michigan and what this means for those looking to purchase a new construction home.
Click here to listen: https://www.spreaker.com/user/9808881/remax-6-8-23-finalmx
SE Michigan News
A 1031 exchange is a “swap” of one real estate investment property for another that provides a tax break. We discuss properties that do and don’t qualify for a 1031 exchange and two important timelines you need to be aware to designate and close on the property to keep within established guidelines.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-5-18-23-finalmx
SE Michigan News
Maintaining your home is an important part of home ownership and key to the value of your home. Winter winds, snow and ice can take a toll on the exterior of your home so spring is the time to review your roof, gutters, downspouts, foundation, windows, doors and more for any damage and needed repairs. We share things to do on both the exterior and interior of your home so your home can transition for the warmer weather to come.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-5-04-23-finalmx
SE Michigan News
A thorough spring cleaning of your home is important to keep your home fresh and in good condition, and if you are planning to sell your home soon this is a great first step to prepare your home for showings. We share tips for things to do in each major room in your home as well as list of items to have handy for this process.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-4-20-23-finalmx
SE Michigan News
A local non-profit wants your no longer needed and gently used mattress, box springs, sofa, dining room table and other essential items. We talk to Robert Boyle, Executive Director of the Furniture Bank of Southeastern Michigan, about the high demand for furniture donations to help local families in need. He shares how your tax-deductible donation helps others have a stable and comfortable home and how your furniture can be picked up for free or for a small fee professional movers can remove donated items for you.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-4-06-23-finalmx
SE Michigan News
Spring marks the unofficial start of the busy real estate season and we take a look at what to expect in 2023. We discuss if the market favors buyer or sellers and what inventory looks like now and how that is impacting open house attendance and offers being received. We also share advice for buyer and sellers in the spring market and the importance of working with the right agent.