About Emmet County, MI

Come see the show! Boyne City Michigan

Petoskey Michigan Rocks in the fall!!

What more can we show you to get you here?

It was 70 today and perfect!

Did I sell a home today, no, but I had a fabulous day!

Lori Jodar

Although Michigan is often called the (Wolverine State) there are no longer any wolverines in Michigan.

The University of Michigan was the first university established by any of the states. Originally named Cathelepistemian and located in Detroit, the name was changed in 1821. The university moved to Ann Arbor in 1841. Corn in Michigan Field

The Mackinac Bridge is one of the longest suspention bridges in the world. Connecting the Upper Peninsula with the Lower Peninsula, it spans 5 miles over the Straits of Mackinac, which is where Lake Michigan and Lake Huron meet.

Michigan has more than 11,000 inland lakes and more than 36,000 miles of streams. Michigan has 116 lighthouses and navigational lights. seul Choix Point Lighthouse in Gulliver has been guiding ships since 1895. this working light also functions as a museum, which houses early 1900's furnishings and maritime artifacts.

You need to come see us in Northern Michigan, truly one of the most beautiful spots on this planet!

Fall comes to Northern Michigan

This shot is just outside Boyne City Michigan

Tractor shot is on Camp Daggett Road outside of Bay Shore Michigan

Shot #3 is near Boyne City,

and the shot of trees could be here

anywhere!

Come see us here this fall.

Come One Come All, to the spectacular

Color Tour in Northwest Michigan!

Come buy the deal of a lifetime!

Let me show you some wise investments!!

Lori Jodar, Assoc. Broker

231-330-3499 to schedule your

personal tour!!

After months and months of negative press about the Real Estate Market have we finally turned the corner in the Petoskey Real Estate market? The question has long been when will the market hit bottom, with the answer always being no one will know for sure until the market starts to go up. I believe I have found statistics to prove that we may be on our way back up. In the Petoskey real estate market from January 1, 2008 through March 3, 2008 the number of sales is actually up 5% over the same time period in 2007. This includes all sales published in the Northern Michigan Multiple Listing System including residential, vacant, waterfront and commercial properties. As far as the Petoskey residential market goes from January 1, 2008 through February 29, 2008 the statistics are up 3% over the same time period in 2007, again with all statistics being pulled from the Northern Michigan MLS.

What do these statistics mean? Well for our little corner of the world maybe things have finally started to get better. There is no question prices have come down from what they once were and that it is still a buyers market out there but with interest rates holding at exceptional levels, now before we get to the busy summer season may be the best time to buy before sales continue climb.

Back a few years ago, a couple of foreclosure notices posted at the Emmet County Courthouse was the norm. Nowadays, they might need to put another anchor in the wall so the bulletin board doesn't come crashing down (or perhaps consider purchasing a bigger bulletin board).

What does this mean for you if you are considering the purchase of a home in Emmet or Charlevoix Counties?

The number of Northern Michigan properties in foreclosure and bank owned properties on the market can potentially be considered good news for buyers. High foreclosure rates can result not only in good buys on bank owned properties, but possible short sale opportunities for homes still in foreclosure.

However, foreclosure sales can be fraught with pitfalls. Under Michigan law, bank owned properties are generally not subject to the Michigan Seller Disclosure Act. Almost all sales are on an "as-is" basis, with no disclosures of any type. In addition, most banks require that you use their form purchase agreements and addendums, which contain just about every type of waiver and release you could ever imagine. Many banks (especially the larger out of state lenders) are difficult, if not impossible, to communicate with.

As someone who is contemplating the purchase of a Northern Michigan foreclosure property, it is imperative that you have representation from both a licensed real estate professional and a licensed real estate attorney to minimize the risks associated with any such purchase. People willing to accept a certain degree of risk can be richly rewarded when purchasing a foreclosure property. However, it is only prudent to minimize that risk wherever and whenever possible.

At Buyer's Broker of Northern Michigan, LLC, we guarantee that we will always represent your interests. Broker/Owner Stefan J. Scholl is also a licensed Northern Michigan real estate attorney. Our buyer clients receive legal representation in connection with their purchase at no additional charge.

If you are considering the purchase of a foreclosure property in Northern Michigan, don't take on any unnecessary risk. Give us a call today.

Buyer's Broker of Northern Michigan, LLC
Toll Free: (877) 2 BUY NMI or (877) 228-9664
Northern Michigan Property Search