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Rockford, MI

Fannie Mae and Freddie Mac Must Pay!

Gary White~Grand Rapids Real Estate Market Home Selling Pro! 616-784-2360: Real Estate Agent in Grand Rapids, MI

The short version is Michigan Association of Realtors(R) MAR, just reported that Fannie Mae and Freddie Mac must pay the transfer tax on home sales in Michigan just like any other seller.

Fannie and Freddie had been siting a constitutional loophole to avoid the Michigan transfer tax. Michigan is like any state with tight finances...they went to court and challenged the diversion tactic and won.

Don't worry about poor Fannie and Freddie they still won't pay! They have their own paperwork that transfers theWondering What to Do? www.FlexitRealty.com has "Flexible Selling Options" normal selling costs of a foreclosure transaction to the buyer. The transfer tax will be paid but will become the responsibility of the buyer by adding another addendum to their current 22 pages (don't remember if it actually is 22 pages!) that adds to normal purchase agreement a buyer signs at the time of making the offer.

This will not impact past buyers but any Fannie and Freddie sales that are pending could be immediately impacted. It will likely be in the form of another delay in closing until the buyer agrees to pick up the cost of the transfer tax the seller normally pays in Michigan. In this case it would be Fannie and Freddie.

Now you want to know the real irony here? We'll probably, as tax payers,, have to give them a bailout on top of the bailout to the last bailout to pay for the back transfer taxes. Perfect! The lending cycle is complete.

A "Special Thanks" to the Grand Rapids Association of Realtors for keeping it's members informed.


Gary L White Assoc. Broker www.FlexitRealty.com "Flexible Real Estate Home Selling Options"

Call: 616-784-2360

Email: GaryWhite@FlexitRealty.com

Website: www.FlexitRealty.com


No Technology? But I want to show your home

Gary White~Grand Rapids Real Estate Market Home Selling Pro! 616-784-2360: Real Estate Agent in Grand Rapids, MI

Bad News: No phone, No internet, No means of communication. Good news: I have a showing request on your home. What do you do when your client has no technology other than the regular land-line phone, and that is out and has been for 2 days?

Want to Upgrade your Home Selling Opportunities www.FlexitRealty.comCall the daughter, of course, who in turn, sent her other sister to their moms to relay the message about the showing. Where there is a will there is a way, and thankfully with family, friends and neighbors, they, too are a part of technology.

It may not be speedy but it works if you have backup phone numbers. The mom forgot to pay her phone bill. It Poor Communication options?  www.FlexitRealty.com we communicatewasn't that important to her the "kids" always check on her by stopping by anyway, was her comment.

When I called the daughter...she said oh, Mom probably forgot to pay the phone bill again! She knew right away what the likely issue was for the phone being out.

I suggested a minimal cell phone bill plan. The daughter says, will she have to buy minutes? Yeah, thats how cell phones work. She'll forget and we are back to you calling me again.

I dropped the issue. I just wanted an easy way to get the showing setup and the property sold...thank you very much!

It doesn't happen often but rural listings can be a difficult situation when setting showing appointments if the client only have one form of communication.

We all have had problems with our cell phones. Our emails have at time caused us issues as well. We usually have back up plans or contingency options to deal with our needs. Many people today have gone to a cell phone as their primary phone and don't have home phones. It makes sense.

Seldom do I find a client with only a home phone and no other form of communications.

Had any interesting lack of communicaitons lately?

Gary L White associate broker www.FlexitRealty.com "Flexible Real Estate Selling Options"Call: 616-784-2360

Email: GaryWhite@FlexitRealty.com

Website: www.FlexitRealty.com

Rockford Michigan Real Estate Market Report Jan - June 2011

Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate: Real Estate Agent in Grand Rapids, MI

Rockford Michigan Real Estate Market Report Jan-June 2011

Rockford is a northern suburb of Grand Rapids, about 15-20 minutes

by freeway from the center of the city. It is a small town on the Rogue

River with an excellent public school system and diverse businesses and

resources. It is a popular Grand Rapids suburban area that many like

to call home.

P1030534 thumb Rockford Michigan Real Estate Market Report Jan – June 2011

351 Active Rockford MI Listings

Pending Home Sales: 91

Sold Rockford Homes: 208

Average sold price $ 188.014

Sale Price to List Price – 96.%

Absorption Rate : 7 months

Housing sales in Courtland Township, Algoma Township and City

of Rockford are included in this report. Rockford’s housing market which

ranges $60,000 at the low end to over a $1 million at the high end.

The average sold home has increased in value from 2010 figures and

sold activity in Rockford seems to be up. So far, so good.

The real story of this year’s real estate story is held by the banks.

The bank owned inventory is very high and hasn’t been coming on the

market at the rate it has in the last few years. This has allowed the

housing market a brief reprieve this year and seen home prices increase

slightly because of a lack of distressed home inventory.

If you have any questions about Rockford or Grand Rapids

MI homes, please contact me directly: 1-616-292-7263 or

email: terry@terrywestbrook.com

More Rockford Articles:

SEARCH FOR ROCKFORD MICHIGAN HOMES

SEARCH for Rockford MI Bank Owned –Short Sale Homes

Rockford Michigan Real Estate Market Reports

Rockford Michigan Video Tour

Copyright 2011 All rights reserved

Photo of Lake Bella Vista sunset by Bonnie Westbrook


Rockford Michigan 2011 Rogue River Blues Concerts

Bonnie & Terry Westbrook Grand Rapids MI Real Estate : Real Estate - Other in Ada, MI

Rockford Michigan 2011 Rogue River Blues Concerts

origrockfordpics040 thumb Rockford Michigan 2011 Rogue River Blues Concerts

Summer 2011 Schedule – Tuesdays 7:00 pm to 9:00 pm
June 14, 2011 - Harper and Midwest Kind
June 21, 2011 – The Vincent Hayes Project
June 29, 2011 - Rob Blaine’s Big Otis Blues Band
July 5, 2011 - BMF Band
July 12, 2011 – Root Doctor
July 19, 2011 - Steve Hilger Band
July 26, 2011 - Thirsty Perch Blues Band

AFTER THE BLUES

August 2, 2011 - Mind’s Eye (Jazz)

August 9, 2011 - Red Sea Pedestrians (World Beat)
August 16, 2011 - Small Town Son (Country/Rock)

Concerts are held at the Garden Park Stage along the dam and

White Pine Trail. Free event, bring your folding chair and enjoy!

Rockford Michigan 2011 Rogue River Blues Concerts

Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate: Real Estate Agent in Grand Rapids, MI

Rockford Michigan 2011 Rogue River Blues Concerts

origrockfordpics040 thumb Rockford Michigan 2011 Rogue River Blues Concerts

Summer 2011 Schedule – Tuesdays 7:00 pm to 9:00 pm
June 14, 2011 - Harper and Midwest Kind
June 21, 2011 – The Vincent Hayes Project
June 29, 2011 - Rob Blaine’s Big Otis Blues Band
July 5, 2011 - BMF Band
July 12, 2011 – Root Doctor
July 19, 2011 - Steve Hilger Band
July 26, 2011 - Thirsty Perch Blues Band

AFTER THE BLUES

August 2, 2011 - Mind’s Eye (Jazz)

August 9, 2011 - Red Sea Pedestrians (World Beat)
August 16, 2011 - Small Town Son (Country/Rock)

Concerts are held at the Garden Park Stage along the dam and

White Pine Trail. Free event, bring your folding chair and enjoy!

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