Applications are now open for entrepreneurs, artisans, artists and small businesses to take part in this winter season's Downtown Detroit Markets, hosted by real estate mogul Dan Gilbert's Bedrock and the Quicken Loans Family of Companies.
Thirty vendors will be selected to set up shop inside the 1001 Woodward building or outside at Cadillac Square and Capitol Park downtown. For $1,000, vendors will get a 130-square-foot glass booth with electrical, some lighting, heaters... [MORE]
The vacant Herman Kiefer Hospital complex looms along the side of the Lodge Freeway. A developer hopes to invest $143 million in the complex, begging with a small hotel and indoor sk... [MORE]
- Alden Development makes noise in Birmingham, downtown Detroit
- Matt Shiffman is son of Sun Communities CEO
- Shiffman is also a partne
The median sales price for homes in the city in August increased 50 percent year over year to $36,000 — the biggest jump in metro Detroit, according to new data released Thursday by Farmington Hills-based Realcomp Ltd. II. The number of total sales in... [MORE]
An updated vision for Dan Gilbert's planned redevelopment of the J.L. Hudson's site downtown calls for a taller, more expensive building than previously proposed, but Detroit's most influential real estate developer needs more time to complete it.
The Bank of America regional headquarters building in Troy sold this week to an unidentified New York City-based real estate group, according to two sources familiar with the deal.
The sale price was $74 million, according to one of those sources, who were not authorized to speak p... [MORE]
(As seen on WZZM TV 13)... [MORE]
I'm About To Move Into A Tiny Home. Here's The Decluttering Hack That Made It Possible By Jordyn Moullette
At the time, I was working 80-hour weeks, not including the long, crowded commute between Beverly Hills and East LA. Though everything seemed OK on the surface, I was burned out, my life was full of mental and physical clutter, and my relationships were strained. I kne... [MORE]
Here’s our round-up of surprisingly simple household hacks to take into 2017. ‘Cos when it comes to cleaning, the less time we spend doing it, the better!
1. Unload the dishwasher before breakfast
The Bright Side team has selected some awesome tips that will help you clean your house using products easily found in any kitchen.
You will need:
- 1/4 glass of hydrogen peroxide
- 1 tablespoon of liquid soap
- 1/2 glass of
The Atwater Beach project, pitched by The Detroit Riverfront Conservancy, was named a finalist in the Knight Cities Challenge earlier this year and was announced Monday as a winner of a $225,700 grant.
"We're thrilled," said Marc Pasco, spokesman for the Detroit RiverFront Conservancy.
"We're still in process of raising the funds to fulfill this project but the money we're awarded in this grant helps Atwater Beach become a reality.&... [MORE]
Across the country, Knight received more than 4,500 submissions and they narrowed it to 144 finalists to submit full applications. From those finalists, we selected the 33 winners in 19 cities.
Here are the award winners:
Atwater Beach: $225,000 (by Detroit RiverFront Conservancy; submitted by Jan Shimshock): Further activating the Detroit waterfront by creating an inviting, urban beach along the city’s Atwater St... [MORE]
Detroit hasn’t been known for being very pedestrian-friendly in the past. In fact, it was recently named one of the most dangerous cities for pedestrians in the country. In the last couple months, we’ve seen more mobility options in the Motor City including the QLINE and the MoGo Bike Share. An esplanade opened from Campus Martius to Larned last month, and now a large pedestrian plaza is open in front of the Spirit of Detroit statue on Woodward.
This week, we’re looking at four homes in desirable neighborhoods across Detroit, all coming in between $110,000 and $149,000. Which house and which neighborhood would you choose?
Beyond The Bookshelf: How Detroit’s Libraries Are Finding New Ways To Engage With The Community By: Jessica Meyer
1. Effortless Garbage Disposal Cleaning
Make a tray
Ready to tackle your home’s springtime projects? Our handy guide breaks them down: Spring Cleaning & To-Dos (once-a-year tasks perfectly suited for spring), Exterior To-Dos (fix-ups and repairs for the outside of your home), and Room-by-Room Tasks (decluttering and cleaning tips for specific rooms).
Clean The Creosote From Your Chimney
Creosote is a black substance that builds up in chimneys over time. It mostly forms in the winter months when the warm air from your fireplace meets the cold air outside. This causes condensation and the development of a tar-like solution that can smell and reduce your chimney’... [MORE]
The building at Cass and Peterboro sold earlier this month for an undisclosed price. Plans for the building, which houses art studios and office space, are not known. A representative from Sterling Group could not immediately be reached... [MORE]
METRO DETROIT, MI — If you’ve got a huge wad of cash to spend on real estate, be sure to check out these seriously extravagant homes. They feature everything from a bank vault and a theater that’s a double for New York City’s most famous theate... [MORE]
Yesterday, we talked... [MORE]
Here is a quick summary:
Bed bugs can be a massive problem that no one talks about because they are embarrassed! On the contrary, in order to stop the spreading, we need to talk about these things. Bed bugs are bloodsucking insects that are notoriously difficult to exterminate and not uncommon. They are hitchhikers! Bed bugs will climb into things such as purses, duffle bags, furniture, used clothing ETC. This is how they spread from place to place. People need to tell other when they have t... [MORE]
At what point can you really call yourself an real estate investor?
On a daily basis we receive calls from buyers that state they are real estate "investors" looking for a good deal. But are those buyers qualified to be calling themselves investors at all? Here are my key conversation points that I listen for to determine if a buyer is a true investor!
1. You have done your research! Before you even lifted up the phone to c... [MORE]
Although we all love a great cannonball, an in-ground pool may be your belly flop- worst choice when deciding where to get the biggest returns for your buck in upgrades. Typically it will cost between 25k-50k depending on the size and quality of pool materials before anyone will be able to set foot in the water... [MORE]
We are changing from summer to fall and for many homeowners this begins to instill fear thinking that without summer they will be unable to sell their home. Many buyers like to get settled in before children begin the school year, many hate to move in the cold, BUT this does not mean that it is too late to sell or rent your home. The best thing you can do is be sure to keep up with the marketing.
Being sure to keep the home plastered on the market will create th... [MORE]
Q: Does the health care law impose a 3.8 percent tax on profits from selling your home?
A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
FULL ANSWER... [MORE]
Foreclosures were up 47% in March from a year ago, and up 7% from last month alone, according to Realty Trac, While foreclosure rates leveled off last year in the second and third quarters, many economists and industry insiders are predicting foreclosures to surge again in coming months.
Economist David Shulman of the UCLA Anderson Forecast says he thinks foreclosures will continue to rise for the remainder of the year as more adjustable-rate mortgages res... [MORE]
Even the smallest improvements on a property can have a wonderful impact on prospective buyers. These improvements can be inexpensive, affordable, but alter the property for the better. One of the most important areas such as this is THE LAWN. Through the landscaping, an owner can transform a bleak building to a desirable destination. The primary presentation of the property is one thing t... [MORE]
I think Luxury is relative and not absolute. It’s all about the person’s point of view on the particular subject that really matters. Below are the dictionary definitions of luxury!
1.a material object, service, etc., conducive to sumptuous living, usually a delicacy, elegance, or refinement of living rather than a necessity: Gold cufflinks we... [MORE]
The four hurricanes that hit Florida in 2004, along with Hurricane Katrina in 2005, set off a building boom that drained domestic supplies of drywall, a board used to create the interior walls of homes. Builders turned to imported materials, much of it from China. But serious problems soon emerged.[MORE]
There are homes that are hard to insure and there are homes that are hard to finance. Homes in flood plains, adjacent to wildfire zones and in the likely path of hurricanes can be difficult and expensive to insure. When fire or wind risk is high, many homeowners wind up having to buy coverage from their states'... [MORE]
Sometimes the problem isn't the house; it's the neighborhood. You won't be shelling out for repairs, since the issues typically can't be fixed. The real cost is the reduction of your home's value and how difficult your home may be to sell in the future.
Neighbors who are slobs or hoarders can knock up to 10% off adjacent home values. Getting them to clean up their acts can be difficult, even if your area has zoning and public-health officials... [MORE]
Many say that the two most important things to look at when purchasing a home is the foundation and the soil it sits on! Be sure to look not only at the foundation itself but also check on where it sits. The old-school method of detecting foundation problems still works: Drop a marble on the floor and see how far (and how fast) it rolls. Sloping or sagging floors can indicate serious foundation problems that can cost a fortune to fix, inspectors and appraisers warn.... [MORE]
Typically when looking to screen tenants, the owner or management company goes straight to a credit report to review for qualification on the tenants.
What happens when the tenant does not have a credit history? This is very common for international renters. Perhaps a person who is just coming into the country, an internation... [MORE]
I found this article written by By John Nuzzolese on www.thelpa.com , but I had a few things to add to it. Although useful, sometimes these are characteristics you can’t see right off the bat! I’d suggest keeping your eyes open for a few extra things as well.
1) Be careful if they are in too much of a hurry.
2) &... [MORE]
Changing the color of your front door is one of the quickest ways to spiff up your home's curb appeal. And, according to the Paint Quality Institute, the color you choose tells visitors a lot about you, even before they the ring the door... [MORE]
The CMA is used daily in our real estate world. Whether working with investors and researching the would be rentals to find out what sort of income can be made or simply searching for a seller to find out what the expected price is of the home the CMA tool is invaluable. Agents use this when working with sellers to determine a listing price or with buyers to check value before offers to purchase, real estate agents do what is known as a comparative market analysis, or CMA.... [MORE]
I read this article in the Wall Street Journal and found it fascinating. I have been seeing bidding wars alive and well in my day to day business, but this article arranged and organized it all out for me on print and I found it very helpful!
A new development is catching home buyers off guard a... [MORE]
There are a few obvious reasons you might want to consider a roof replacement, but there are some other telltale signs that may be letting you know your roof needs a freshen up or a tear off.
Sun patches and water puddles are the first obvious signs it’s time for a new tent topper, however, there may be a few additional signs that aren’t quite as obvious.
Many times it will depend on the type of roof you have. Asphalt Shingles which seem t... [MORE]
When you are checking out an prospective leasing tenant what are the best ways to look for a good candidate? Below are a few tips to look for when reviewing the leasing application.
A candidate tenant's application must not contain any false information.
The candidate tenant must meet the requirement... [MORE]
Every year around this time customers all over prepare to have their swimming pools opened for the season. people sometim... [MORE]
I found this commentary on www.earth911.com. Although I personally like the idea of the rechargeable battery, and of course they are necessary for laptops, cell phones, etc…I’ll state that I find them to be difficult to use, I lose them, and they never seem to last very long when in the form of the AA. I love the idea of saving energy and waste, however, for me personally, they are... [MORE]
Everyone needs to have an emergency kit. Here is a great check list of ideas to add to yours. Keep a kit in the trunk of your car and also keep a kit inside your house near the door. Take the time to throw some important items together. Unless you have them at hand, they won’t do you any good!!! Here are just a few ideas!
Do you trim your own shrubs or do you have a gardener/landscaper do it? I’ve trimmed them w/ the large scissor types, with electric trimmers, but I’ve always wondered if I’m doing it right. If you wonder too, then i have some simple tips for you. If those shrubs in the front of your house seem to be getting a bit too big for you, it might be time for a trim. If when you are trimming you leave giant holes in your bushes, this is the blog for you.... [MORE]
Today I wanted to talk about a title deed. With all the deals that are out there at rock bottom prices, advertised bank owned homes that are great deals, and properties changing hands quickly as investors flip or rent, it is important to understand two clear different ways to take on title. Title is the legal evidence to a right in something. In this case we ar... [MORE]
There are many different choices of flooring to choose from and often times the climate and weather will determine which type of flooring fits your needs. There are also many benefits to each type of flooring.
There are THREE types of flooring I’ve seen that are most common.
1) Hardwood. This is a floor that can be used throughout the entire house. No matter what room you are in, this material is pertinent. The least desirable... [MORE]
One option you may have lease seekers ask you about is an early termination or buy-out clause in its lease. These clauses are especially useful if you may be transferring jobs, in the military, or just in a new roommate situation where you are not certain that all the roommates will get along for the entire term of the Lease. Remember, a lease is a binding contract, there is no thr... [MORE]
I have been noticing that a LOT more of my deals are not only coming in closer to list price, but going over list! I saw this article and it caught my eye. The condos and homes in the same complex and subs seem to be selling for higher prices this year in 2012 in comparison to 2011. The article below I saw in the daily real estate news.
Last year, 10 percent of REALTORS® complained about receiving low-ball offers on listed homes — offers usually submit... [MORE]
1. Sell your clutter on eBay or Craigslist.
Start on a weekend in your garage and closets. Take your camera phone and start taking pictures of all the items you want to sell. When you upload all the photos place the ads. You’ll be surprised how much extra cash each week you can make as well as the space you will clear!
2. Cl... [MORE]
Assuming you live in an HOA friendly complex, here is a guide to some of the best dogs for small spaces. Despite these dogs' size and fragility, it is essential to schedule daily walks and play sessions to keep your dogs happy. By doing so, you will undoubtedly be able to mold your lovable fluff ball into the perfect canine-sized roommate you've always dreamed about!
Death is something most all of us have had to deal with so far in our lives. If you haven’t you will. It’s a part of everything, but it’s never fun. Here are some tips to help you know what and what not to do when someone you know is dealing with death.
1) Do say something…ALMOST Anything.
You can say, “I’m sorry for your loss.” “just wanted to stop by to give my condolences.&r... [MORE]
We all live SOMEWHERE. And most of us call where we live “home”. Most of us also have neighbors. Some of us love our neighbors. Some of us hate them, however, wherever we go we are going to have to deal with people who are also calling a space close to us “home”.
1. Mow your lawn!
Seriously. Just mow it. It's not a protected wildlife area. If you can’t roll off the couch to do it your... [MORE]
Many of my new agents ask me what is the difference between a FHA loan, FHA 203k, and how or why would they want one. After explaining it, I decided to post it the most simple explanation I could find. This is from ehow.com. I find their explanations on most any topic to be simple, inclusive, and easy to understand.
· &nbs... [MORE]
The death of unarmed black teenager Trayvon Martin is all over the news! Many are waiting for this neighborhood watch killer to be put on trial. Some are also wondering if the HOA could have a civil suit against them regarding their rules and regulations.
The HOA could be in trouble because it assigned Zimmerman the role of community watchman on the night of February 26 when he followed, shot and killed Martin. Even if Florida’s "stand-your-ground&quo... [MORE]
Every good buyer knows that once you are truly interested in a home you need to a have a thorough inspection done. This important step can keep you from making a big mistake or on the opposite hand give you some peace of mind about your purchase.
Did you know there are things you can look for, before an inspection, that can tell you about the house? It's true. Here are five things that all home buyers should be on the lookout for when viewing a home.... [MORE]
Since the housing crisis began in 2007, mortgage rates have currently dropped to all-time lows and home prices continue to bottom out in most markets. The big question still lingers on the mind of everyone in the industry: Are we on the road to a recovery or are there still gloomy days ahead?
There are currently more than 1.7 million properties 90 or more days delinquent and about two million homes in the foreclosure pre-sale inventory, according to Lender Proce... [MORE]
With the seasons changing temperature, we are going to notice more tornadoes across the country. Tornadoes have already hit several towns this year in the Midwest. The answer to the question? If you have a homeowners insurance policy, yes, you have "tornado insurance."
Homeowners insurance policies cover your home and its contents for wind damage, including damage caused by cyclones. You've just got to be sure your coverage limits are enough to ful... [MORE]
Many of you have never heard of an ARM. Many of you have been told to stay away from adjustable rate mortgages. They definitely have their benefits and they definitely have their downfalls.
For those new to real estate, there are a hundred different terms to learn. It can be overwhelming, but if... [MORE]
Flowers are a low-cost way to add curb appeal to your home. They provide a positive first impression. And if you’re selling your house, they’ll entice prospective buyers to come inside and see more.
If you want to make a small yard seem bigger, plant hot colors at the entryway and cool colors at the far end of your yard to create a living watercolor painting.
- Take color cues from your house, paving or other blooming plants:You shou
1. You can get a good deal. Especially if you play hardball. This is a buyer's market. Most of the other buyers have now vanished, as the tax credits on purchases have just expired. We're four to five years into the biggest housing bust in modern history. And prices have come down a long way– about 30% from their peak.
2. Mortgages are cheap. You can get a 30-year loan for around 4.3%. What's not to like? These are the lowest ra... [MORE]
Have you ever wondered how to remove black mold from your home? Black mold removal is the process that you need to learn. If you allow people into your home, it is very important that you get rid of black mold. People can get sick from just entering your home and you may be up for fines and lawsuits if you do not do something about it. You can pay a company big bucks to do a mold remediation or you can follow these tips to do it yourself at home!
It’s not about what you know, it’s who you know. Having a great database of people will help you gain more business. Not only will these people refer you out as their realtor, but you will be able to be remembered as the “go to person”. This may not seem that important at first, but let me assure you once you are in the middle of a shaky deal you will be thankful you have a team in place. You will not succeed without a good team! Here are a few peop... [MORE]
As we begin 2012, all real estate investors need to pay very close attention to the ever changes with taxes coming up in the future. Particular attention needs to be paid to the significant tax increases to occur in 2013.
Investors considering whether or not to sell now and pay their taxes must consider the tax implications. Real estate investors will have a much greater tax burden in 2013 than in 2012. Many may want to make the calculated decision... [MORE]
Does your spouse confidently and cheerfully refer you to everyone he knows who has a real estate need? Yes? Good for you!
But if you answered "no," do you know why he or she doesn't? Neither do I. But I'm going to throw something out there that you are free to embrace or reject.
Do you come home every night complaining about your real estate career? Do you cry about how awful the market is, or about how little training you're get... [MORE]
A successful color scheme is a scheme that is pleasant to live with and reflects the moods and personalities of the people living in it. A few tips can help you find a right palette for your exteriors:
1. When selecting exterior paint colors, take the fixed colors into account (like the roof, brick, stonework or any stained wood), and make sure all the colors look good together.
2. Be kind to neighboring properties. C... [MORE]
It's still wishful thinking across much of the country, but the lure of budding trees and blooming flowers with warming temperatures has many pressing their noses against the window panes.
The good news? It's never too early to start planning your garden.
First, you must establish what "zone" you live in. Knowing your zone will tell you when to plant what. If the risk of freeze is over in your zone,... [MORE]
Who would have ever thought that the Canadian dollar could be stronger than ours?! The strength of the Canadian dollar, sustained low pricing in the U.S. housing market, and perceptions regarding the general economic outlook continue to encourage Canadians to purchase a home in the Sunbelt states.
Even for international buyers it’s location, location, location. Forty-three percent of those surveyed report a favorable location as their client
The one thing on which our political leaders seem to agree is the need for corporate tax reform. Barack Obama and Mitt Romney unveiled new proposals on the same day last month, with President Obama cutting the top corporate tax rate to 28% and Mr. Romney reducing it to 25%. Rick Santorum would cut the rate to 17.5%, and to zero for manufacturing. Congressional action is bubbling below the surface as well.... [MORE]
It’s almost spring. Here are a few tips about tidying up your Kitchen!
The kitchen is an area that tends to get cluttered easily. Even if the countertops are cleared off, inside the cabinets often lies a cluttered mess. Star Hansen, a professional organizer on HGTV says cans create the most clutter. She recommends using soup can racks to store them. They’re inexpensive and they store three times as many cans. Spice racks are a great way... [MORE]
Renting spaces from extra rooms to vacation properties with ocean views is a snap, thanks to the Internet classifieds such as Craigslist.
Why shouldn't renting your driveway be just as easy? After all, finding somewhere to park is also about location, location, location.
Not limited to single-family home driveways and garages, the site will list spots for anyone who has space to fill from churches and schools to small businesses and strip malls.
Today's homeowners are short on cash. Many homeowners are choosing to do-it-themselves. Making improvements to your home can be a great way to add value, especially if you keep costs low.
One popular projects today is tiling. Local home improvement stores offer weekend classes on how to tile. Check for the times available in your area. There are also a wide range of instructional videos available on YouTube that can steer you in the right direction. Sometime... [MORE]
With little economic activity released last week, the long lasting financial troubles in Greece have continued to be a major factor in worldwide markets, including ours. In times of trouble, investors prefer safe assets such as bonds which affect mortgage rate pricing. Because of this, low mortgage rates have remained consistent which has refinances on the increas... [MORE]
If you have a pet, you usually love it. You want it to be happy and you hate it when it seems to be in pain. In some households they're our "children.&q... [MORE]
Do you dream of how much better your business could be but just can't bring yourself to pick up the phone?
You're not alone. Here are 5 tips to make it easier.
Tip 1: Change the name
I'm not kidding. Do the words "cold calls" send a chill up your spine? It's no wonder. Whoever created that term didn't know what they were doing. So, change the term, because it's no... [MORE]
Here are 10 ways you can save energy. Every little bit helps.
1. Buy earth-friendly cleaning products and laundry detergents: This used to be a tall order for budget-conscious households, but now there are a plethora of products on the market available for the same price as traditional cleaners. Some households take it one step further and harness the cheap cleaning power of baking soda, vinegar, and lemon.
2. Lights out: Turning... [MORE]
The Federal Housing Finance Agency announced the first step of a Real-Estate Owned (REO)... [MORE]
Major news was released today regarding the banks, mortgages of the past, and the present homeowners who still have homes. U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal.
Five mortgage insurers have granted Fannie Mae mortgage servicers the authority to complete a short sale or deeds in lieu of foreclosure without getting their separate approval.
Traditionally, mortgage insurance groups have had to give the OK before a short sale can be processed on a property with a guaranteed loan. Now, without that extra step, Fannie mortgage servicers may be able to speed up short sale approvals on Fannie-backed loans.
The PMI Group, whi
Buying a condominium is getting more difficult for anyone who wants to put down only 3.5 percent and have the government insure their mortgage. The issue isn’t just the borrower’s financial qualifications. It’s the building’s, and plenty of condos no longer get a thumbs-up from the Federal Housing Administration.
Since Feb. 1, 2010, condo buyers haven’t been able to secure unit-by-unit “spot” approval for FHA-backed mortgages if an entire... [MORE]
Real Estate can be confusing for sellers and/or buyers. As a client, you may hear there are different types of agents and have no clue what this means. This can make it more confusing sometimes than just the basic home buying process. Let me explain it in easy terms…..In every transaction there is 2 sides to the deal.
The first part in a real estate is the listing. A client hires an agent to list the property on the market, this is... [MORE]
Step 1: Contract Acceptance
Step 2: If this is not a cash sale or if not already started yet -- Loan Application and Income/Employment Verification - Most buyers have started this process before looking for a home and if you were pre-qualified much of this work is complete.
Step 3: Inspections – Did you want an inspection in the P.A.?
Step 4: Escrow Opens - Selecting a title company is most often done by the sellers and the selling ag... [MORE]
Cheap roller covers leave fuzz on the wall. Cheap brushes leave streaky brush marks. Avoid those multi-packs of rollers, ten for a dollar. Pay the extra few cents and get bett... [MORE]
The holidays are coming and they bring so many good things-- Food, Family, and Festivities. Often however, the holidays are considered the worst time to put your home on the market. Do not let this dampen your holiday spirit. The season does have its advantages. Holiday buyers may be more serious and there is less competition.
If you have decided to commit to the sale, I have a few tips that may help your home sell quicker!... [MORE]
Check this out. Short sales can be a long, tedious process, however, they can also prove to be profitable in the end. Get enough started in your pipeline and when they start to close one by one by one, you'll thank yourself.
The Market will always change-- we must be resilient enough to change with the market!
This Article talks about how Detroit has changed in the last few years. it's very interesting to watch our city evolve and see where we are headed!