Traverse City, MI

Our new 2009 Exposure Engine is now including our E-Flyer and Smart Phone Tour. The E-Flyer is an HTML email-ready flyer that our customers can easily send out to prospects anytime they wish. You can preview a sample E-Flyer Traverse City Real Estate Flyer. The new Smart Phone tour allows real estate agents and local business owners to carry with them at all times their virtual tour on their cell phones for an on-demand preview. See our new Smart Phone tour TC Cell Phone Tours.

Our virtual tour and listing exposure is so far ahead of our competition that you will be amazed at the traffic you're getting when your weekly hit reports come in. We even send hot leads your way as your listings generate questions and comments from interested parties!! The Exposure Engine allows real estate agents and local business owners to do what they do best and that is list homes, sell homes, and conduct everyday business while not getting their hands dirty with the online promotion of their listings and products. That's where we come in.

BlueLaVaMedia

Traverse City Home Tours

Order a Virtual Tour - 231-946-1360

The burning question on ever Buyer, Sellerand Realtor's mind is - When will our market stabilize? If we each had a crystal ball, we could predict that information for the world to hear and see. Unfortunately, we do not have a crystal ball.

A healthy Real Estate market is one that has no more than 6 months of inventory in it. Nationally, we currently have approximately 9% of inventory on the market. So, what does this mean. It means that we are still in a Buyers market for homes.

In order to maintain a healthy Real Estate market, we must have an equal amount of Buyers who are ready, willing, and able to purchase homes and Sellerswho are willing to sell at market value. Without both of these critical components, we will have a disconnect in our market. This is what we are currently seeing. Buyers are searching for the deal of the century, therefore taking much longer to make a decision to purchase. Buyers are also waiting for interest rates to drop even further before making that all important decision to sign on the dotted line.

The 1st Time Home Buyer Tax Credithas increased 1st Time Buyers to purchase. Just over 50% of the homes purchased last month were 1st time homebuyers. In order to reach more home buyers, we desperately need for Congress to pass the $15,000 primary home purchase tax credit. This tax credit would enable ANYONE who was purchasing a Primary Residence to be eligible for the credit.

Our housing market is in much better shape then it was a uear ago when we were faced with 18+ months of inventory on the market.

Although some are waiting for interest rates to lower even further, we are seeing interest rates at an all time low and it is a GREAT TIME TO BUY A HOME!

Link to Video Jim Gillespie, President and CEO of Coldwell Banker

Christine Stalsonburg, Realtor

"A Tradition Of Sound Advice"

231-944-0854

www.stalsonburg.com

www.northernmichiganrealestatecs.com

Coldwell Banker Schmidt Realtors

402 E. Front St. Traverse City, MI 49686

Sellers and Listing Agent's Beware

We finally get a contract on our listing and we are very excited to bring it to the seller. After days of negotiation, we finally have a meeting of the minds. Our sellers are ecstatic!!! Then we hold our breath for the inspection period to end to make sure that they buyers do not find anything that they just cannot live with.

The inspection is done and the buyer brings a list of repairs to be done, based on the inspection report that are longer than your arm. The first thing that most agents do is ask to see the report to verify the repair requests. I caution each and every one of you to re-think asking for these reports. Once you and your seller see everything that the inspector just found wrong with your home, you are not obligated to update your seller disclosure documents to reflect this new information (if it was not already incorporated in your original documents).

This is something that many do not think twice about. Unless you are prepared to make this new report a part of your seller disclosure obligation, I would not ask to see the report. Bottom line for the seller is that the buyer has asked for the repairs and it is up to the seller if they want to make them or counter back with a different list of repairs that they are willing to do.

As the Buyer's Agent, you should also be aware that if you review the report personally and then pass it on to your buyer, you are then also obligated to disclosure to any other potential buyers for that property what you know about the property from the report. If for some reason the original buyer backs out of the purchase based on the report and you happen to have another buyer who wants to put in a contract on this home, you must tell them what you know about the house based on the report that you reviewed.

The review of the inspection report should be handled just as the loan application process is handled. The buyer should deal directly with the inspector and ask you, as their Realtor to ask for the repairs that they feel are necessary to move the contract forward. Take yourself right out of the middle of this and don't review the inspection report unless you are willing to disclose everything that you learn from that report to any other prospective buyers for that home. If another potential buyer finds out that you knew information about that home and did not disclose that to them, you could find yourself defending that action in the future.

Some buyers are very confused when they get this huge report and have to decide what to be concerned about and what not to be concerned with. This is why I always encourage my buyers to attend the inspection so that the inspector can show them the concerns that he/she finds and explain what the findings mean.

Christine Stalsonburg, Realtor

"A Tradition Of Sound Advice"

231-944-0854

www.stalsonburg.com

www.northernmichiganrealestatecs.com

Coldwell Banker Schmidt Realtors

402 E. Front St. Traverse City, MI 49686

Traverse City Michigan Real Estate

Traverse City Michigan Real Estate market is alive and going strong. Grand Traverse County has had 195 homes sold so far this year with a 94% list price/sale price ratio. Many of these sales were Foreclosed Properties and Bank Owned Propertieswhich brings great deals for Homebuyers.

First Time Homebuyers have an added advantage. They are able to take advantage of the $8,000 First Time Homebuyers Tax Credit. Rural Development Loansalso give a benefit to Homebuyers in our area with the ability to purchase a home with No Money Down. Both of these programs have guidelines that must be followed, so be sure to consult your local Real Estate Expert for further information.

Christine Stalsonburg, Realtor

231-944-0854

www.stalsonburg.com

www.northernmichiganrealestatecs.com

Coldwell Banker Schmidt Realtors

402 E. Front St. Traverse City, MI 49686

Are we at the bottom? How big is the bottom? Today's real estate market could be likened to reminiscing about your 3d grade bus driver in that no one knows how "big" (his or her) bottom was. However, whereas you don't care to know the anatomy of your 3d grade bus driver, you are hoping to foresee and understand the "anatomy" of this unprecedented market low as it relates to buying a home or helping someone buy a home.

There are indications that the market is reaching it's bottom. This means that home prices may not get any lower. When you consider that interest rates are at a 50 year low, now is unquestionably and unmistakably the time to "get off the fence". Foreclosure pricing has also effected the pricing of homes overall. Now we're seeing non bank owned (regular folks) pricing their homes more competitively and this is causing them to sell (their homes) in higher numbers than for example 6 months ago when they may have "hoped foreclosure home inventories would be decreasing". Although the number of foreclosure homes is not decreasing yet, we are seeing the stabilization of pricing which alludes to a possible bottoming of the market.

The "bottom" line is get your "butt" in gear or you may be kicking yourself in the "rear".

See video below for similar sentiments nationally:

See all of the Traverse City, MI Real Estate listings, residential, homes, vacant land, waterfront and bank foreclosure properties! All Realtor and MLS listed homes and acreage properties. View ALL MLS Listings!

All Bank Foreclosure Properties. Every MLS Bank Repo, REO properties here, Foreclosures. See all homes in the Traverse City, Michigan area. See all foreclosures before buying bank foreclosure homes, all bank repo homes, All REO homes. Click here for All Bank Foreclosure Homes, Bank Repos, REO Homes

If you are Buying a home or Real Estate in Traverse City, Michigan then consider finding every available residential, waterfront, bank foreclosure, condo, commercial and vacant land right in one place CBGreatLakes.com

What about Selling a home or Real Estate in the Traverse City, MI area? Whether you own residential, waterfront, vacant land, commercial, condo or you might be nearing bank foreclosure we have experienced Traverse City sales associates who can assist you in Selling your property!

All MLS Listings of Traverse City, MI Real Estate are a click away. Property Detailed MLS profile pages of homes for sale in Traverse City, Michigan. 18 photos and virtual tours of Traverse City Real Estate Listings ALL MLS Listings!

Location, Location, Location see the Location of every property via Google mapping. It's all about Google. It's our Marketing Strategy. Whether you're searching for bank foreclosure homes, residential listings, waterfront or vacant properties, our site has ALL MLS listings!

Traverse City Relocation Link Here