Entries by admin
Closing Tips for Title held in Trusts:
Whether you are selling a property in which title is in a Trust or purchasing property in your Trust, here are a few tips for a smooth closing process: If you are a Seller and the property is held in a Trust, you will need to have an open bank account in the name of […]
December Five County Michigan Real Estate Sales Strong
The real estate prices remain in an upward trend comparing December 2021 to December 2022. Average days on the market remained the same in comparison. Total dollar volume rose 11% to $138,068,518 and had 7 more sales than last December as a whole, while Kalkaska and Benzie counties had fewer sales and lower total dollar […]
Selling During a Hot Market
A hot market means low inventory combined with lots of buyers looking for the perfect place. In many instances, a hot market does indeed mean a faster sale at or above asking price. However, there are some pitfalls that a house seller in a hot market needs to be aware of before watching the money […]
Michigan Five County RE Settles Down
The total cumulative number of sales, and the dollar volume of sales declined when comparing the Five County Area report of November 2021 to November 2020. However, due to the lower inventory numbers, the average price and median price continued to rise. The average days on the also dropped from 110 in November 2020 to […]
Title Requirements for Businesses and Entities:
If you own title of a property through a Business or Entity, there will be certain requirements a title agency will need to review in order to close. Your closer will need to confirm two things: the existence of the Business/Entity and the Authority of the Business/Entity to sell or purchase real property. Below are […]
Michigan Real Estate Has Mixed Sales Outlook – Low Inventories
Total number of sales and dollar volume of sales were down when comparing October 2021 to October 2020. While dollar volumes were down, the average sales price was up as well as the median price. There is a lower inventory which cause the reduction in the number of sales, and caused the average days on […]