Tag Archives: Living

Winter Home Buying. by Kathleen Adams, Canadian Lakes Homes Blog

Winter home buying can be perplexing for both buyer and seller, especially in the north.  When the weather turns and temperatures are freezing the ground, the snow is up to your knees, and it is not fun to tramp through the elements to shop for homes, it can be trying.

Working in a climate that brings snow, cold temperatures and homes that are seasonal, it has many challenges for the Realtor, the buyer and the seller.  But, working through the challenges can be rewarding.

Sellers often think that there are no buyers in the winter and take their homes off the market.  This is simply not true, there is always someone looking for a home.   Seller on the market through winter may just be rewarded with a buyer.

When we had little kids and took them to the mountains to ski, we always advised them to dress in layers and take extra gloves.  You can always strip down if you get too hot, we would tell them.  This is the same advice I have for buyers looking in snowy northern Michigan for homes.  Buyers are often coming from climates that are not as severe and are met with a surprise when they have to trudge through snow knee deep and look at a home with little to no heat.  Be prepared for all things when looking at homes in the winter months.  Bring boots, hats, gloves, etc.

Sellers find another challenge when they actually have an offer presented to them in the winter.  If it is a summer home, they are often out of town during the winter months and need to deal with things from a distance.  Their home may be winterized and they will now need to deal with opening it up for inspections and then re-winterizing it until closing.  They may not want people coming through the home with snow.  They may not want to have the driveway plowed and add an additional expense.

Seller can work with their Realtor to handle snow plowing and to protect their homes.

I find that buyers generally flexible when it comes to inspections.  Trying to coordinate things to avoid de-winterizing more than once, etc. can be done.  Depend on the Realtor to make sure things get done to eliminate extra costs.

Buyers sometime take a risk buying in the winter.  For instance, a waterfront home be a risky buy because you really cannot see what the waterfront is like.  The Realtor should be able to come up with photos from the seller to rest assure the buyer as to the condition of the waterfront.  Another challenge is inspections of the well and septic systems.  This can not always be done in the winter.  If the septic inspector cannot break ground to access the system, inspection has to be postponed or waived.  A seller that has records of all septic inspections can be helpful.  These records sometimes serve the purpose for the buyer.  Keep those systems in good condition with regular checkups and keep the records handy.

These are just a few examples of winter challenges when buying or selling a home.  They are not monumental, but a bit more work versus summer season selling.  It can be done if the seller, buyer and Realtor all work as a team to – get it sold!

 

 

Summer is Here! by Kathleen Adams, Canadian Lakes Homes Blog

Summer is here!  People are starting to come to the area for the summer lake season and golf season.  It is good to see the town all abuzz!  Don’t forget to visit me at Coldwell Banker Lakes and get a map of the area while you are here.  I have other information on homes available, our new summer brochure and information on what is going on in Canadian Lakes and the surrounding area.  Many great homes are available on all-sports lakes around the area as well as great deals in Canadian Lakes.  Let me know what you are looking for and I will do all I can to help you out!

See our homes here:

Canadian Lakes Homes For Sale – Area Homes for Sale

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ISLAND COUT HOME FOR SALE!  SEE ME FOR MORE INFORMATION AT WWW.CANADIANLAKESHOMES.COM

HAPPY SUMMER EVERYONE!

Muskegon River Cruise – Kathleen Adams, Canadian Lakes Homes Blog

The mighty Muskegon is how people refer to it around here.  We took our boat on a cruise of the Muskegon River on Sunday.   We put it in at the River Landings Resort and had a four hour cruise on the Hardy Dam Pond.  Beautiful water, beautiful scenery and just a beautiful day all around.  It was such a relaxing day and the sights were amazing.  There were so many carp  jumping, it was as though the water was boiling.  The swans were beautiful swimming and splashing about.  There were about ten turtles perched on a log.  And, although the water is still cold, we saw one wakeboarder – a diehard to be sure.  What a beautiful place to consider living or a vacation property.  I will have to explore more on the Mighty Muskegon!

See my photos here:

Cruising

Up, Up and Away, Kathleen Adams Blog

Up, up and away is something my first time home buyers are now crying.  After doing pre-qualification work, then shopping for their first home, it all comes down to offers.  Some of what they see, and like, while shopping is beginning to get “scooped-up” quickly.  They are starting to see the trends of upward prices and limited inventory.  That’s good news for sellers, but not especially for first time home buyers on a tight budget.  How you can get ahead of the rest of the buyers is to be prepared.  Here are a few tips to keep it straight and get it done:

  1. Have your pre-qualification letter ready, printed and in the hands of your Realtor.
  2. Have your good faith deposit ready to go.  Not, I will have it when I get paid next week.  Set it aside and be ready when you find that perfect home.  In today’s market of “bank owned” properties, the typical deposit requirement is $1,000.00.  That is CASH.  Not money they will “take out” at closing.  You need CASH, today, to write the offer.
  3. Probably the most important tip, do not shop out of your budgeted amount.  Last year this would have been different.  Everyone was shopping in a bit higher price range because you could get deals.  Today, the prices have corrected to the point that banks are marketing the property at prices that are bringing in multiple offers.  So, if your budget will not allow a full price, or sometimes, an over full price offer, expect to be disappointed when the offer is rejected or outbid by another buyer.  This disappointment can lead to a deflation in spirit and sometimes can turn a buyer to renting longer.
  4. Roll off disappointment and start over.  The best thing to remember is the ultimate goal – owning your home and not paying rent.  We all know the foreclosure market has led to more renters and higher rent prices.  Don’t get caught in the disappointment of losing a bid on a home.  It’s a lot of work to shop, and write offers, etc. for all parties involved; but so worth the reward when you finally accomplish your goal.

Get it done should be your mindset when shopping for a home.  With the proper planning it should not be hard to accomplish your goal of buying a home.  So don’t let that perfect home go up in price, up in a bidding war, and away from your hands!  Get it done!

See an inventory of the area’s homes here:  kathy_adams_header2

No Money Down? Kathleen Adams Blog

No money down is a term heard often in Real Estate today.  What does no money down really mean?  I have had first time home buyers come in to “shop”.  They are pre-qualified with a bank for a “no money down loan”.  Now I know the banks are informing the client about the loan products they will be using.  There are certain products that require “no money down”.   But “no money down” does not mean “no money at all”.

Buyers shopping for new homes do need to have some money to buy a home.  First of all, you will need a “good faith deposit”.  This usually consists of cash deposit made when putting forth an offer on a home.  Most of the time, and especially when buying a foreclosed home, the deposit required is a minimum $1,000.00.  Next, you will need money for inspections.  Typically, inspections run $350 and up.  An average home inspection is more near the $400 mark.  Inspectors expect to be paid at the time of inspection.  What about lender expenses.  Are you expected to pay for the appraisal?  Will the lender be rolling expenses into the mortgage?  When first time home buyers are shopping, these numbers can be overwhelming.  If you expect to buy a home with “no cash” this can be a shocker!

Buyer’s beware, no money down does not mean no cash required.  There is a difference and you should be prepared.  It’s great to get pre-approved with a lender.  This gives you an edge to know what your buying power is.  Next look at your household budget and decide how that fits in your overall plan.  Next, establish a cash fund to use for expenses during the purchase process.   Planning will elimate all the surprises for new home buyers.

For more help with purchasing a home, or answers to any real estate questions, please get in touch with me.

Spring is Here? Kathleen Adams Blog

Spring is here, so says the calendar. But, in northern Michigan we have yet to feel it in the air.  The sun has been shining, the temperatures say 40’s, but the air is so brisk that it feels like winter is still around.  Regardless, people have been coming in to look at lake front homes already this year.  Want to see what is new in lakefront homes?  Check out my website for all the latest listings.  Get your mind set for summer – it’s right around the corner.

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Winter Warriors

OK all you winter warriors. This is the time of year when lakes are starting to think of spring coming. And, because of that, they are planning many winter lake activities to enjoy the ice before it melts. So, all you winter warriors know that there are two really great ice happenings this weekend. Horsehead Lake will be having their annual winterfest on the ice. There will be a live band, dancing, ice fishing, snowmobiling, and other things to do around the lake on Saturday. Chippewa Lake is having their annual Polar Plunge to benefit the Special Olympics. Chippewa Lake also hosts ice racing on the weekends.  Want to know more about these events, contact me for information.  So, come on out to the lakes and have fun with all the winter warriors!  You will have a great time.

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Pick Your Paint

Be inspired to paint.  It’s a great winter project.

Visit houselogic.com for more articles like this.

Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

Winter is on the Way

Winter is on the way – that is for sure.  We can expect snow any day now.  The mild weather this year has us fooled but we know that winter is on the way.  It is also a time when people like to “take their home off the market”.  Sometimes that can be a mistake as it interrupts the marketing.  Two things that we can also be sure of in Real Estate; to sell a home it needs to have a fair market price, or a longer period of time on the market.  If it is priced right, it should sell in a fair amount of time.  If it does not, and seems priced high for the market area, it will take a longer period of time to sell.  Keep up on the market in your area with a good Real Estate Agent!

Enjoy the upcoming winter season, and as we look forward to the next season, if you are dreaming of that summer property, it’s never too early to start looking.  There are great buys out there.  Don’t forget, winter is on the way!

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Halloween Pranks