What does that tag line ‘Your Bigger Picture’ on our business card mean exactly? It includes taking a larger perspective on your home sale, first home purchase, vacation home or relocation, and your investment rentals & flips. You see, there is indeed a ‘bigger picture’. After this many years in the business I’ve accumulated many … More Your Bigger Picture, and ‘Life Changes’
When is it time to sell? For everyone its different. Frequently we begin to consider relocating when: We become ’empty nesters’ We retire A major change in health of one or more homeowners Loss of spouse New opportunities Really, there is the possibility for great strife in moving, even for young and strong. So much … More Assisting with the sale of an Elderly / Retired Person’s home.
This article is condensed but has some of the basics correct. … More Buying a house site unseen. Would you?
Are we in a bubble market ? Just read from one of my favorite bloggers who boasts: “15 flips currently in progress. 126 flips completed. 15 rentals properties. Follow me to see how I make money in any market cycle.” So here’s the excerpt & my ‘reply’: “…Low-money-down loans have been available for decades, and … More Real estate bubbles, strategies, and the current market
When/ How/ If: I Should Deed My House to the Kids There can be some benefits, but also drawbacks to both the gift giver and recipient(s). (Speak to your accountant/ lawyer/ lender/ and insurance agent for specific advise – the following is excerpts from counsel received and not to take the place of paid advisers … More Passing Your Home to Your Children.
If you expect real estate should involve ROI, then there’s some basics to the outline. Acquisitions – some we have control, others not – e.g.: inheritance. Holding – short/ long/ entity/ self held/ purchase for child/ etc Approach: add value/ flip/ wholesale/ rent/ vacation/ family lease to/ residence with business inside Most properties will be … More Tax Strategies for Real Estate
Every year I give feedback to people AFTER there has been a life changing event in their family. I strongly recommend that everyone who buys/ sells/ marries/ has children, etc, seek a consultation asap with (at a minimum): Legal counselor Insurance agent Real estate/ tax consultant Estate planner ‘Dower rights’ have changed in MI. A … More Married folks note: ‘The Demise of Dower – State Bar of Michigan’
As always, this is NOT to take the place of calling YOUR agent! What happens if: My tree falls on my house. A: my insurance should pay ” and the ins.co. had asked I remove/trim it beforehand. A: I pay My tree falls on neighbors property. A: their insurance should pay ” and the tree … More Storms/ Trees/ Insurance/ Liability
Are you one of Michigan’s thousands of ‘car persons’ ? I’ve brokered for 3 decades and owned many classics myself. If you’re a local, you seen my office just down the street from Boomers Shark Club, home of the famous huge weekly car cruise-ins, or the Dream Cruise in Flint, or the Fenton Dream Cruise … More Great Car Enthusiast Garages – ‘with attached house’ !
Remember when you first realized you need ‘something more to offer’ when friends are at a hard time ? I remember well. I felt empty that I didn’t have deeper compassion for a grieving neighbor at a time of traumatic loss in the family. It was time to turn off the entertainment and read. Here … More For your friend at a time of loss.
Let Me Share A Secret. Just read a post about ‘The secret life of Realtor Referrals’. It was something like: ‘oh let me “help” you…you’ll get nothing and I get $$!’ kind of an article. Phooey to that noise. It didn’t, so we shall, discuss ‘the better way‘. Here’s MY Secret: When using the referral … More Let Me Share A Secret. (aka: Realty Relocations & Referrals)
Its been a privilege assisting customers and clients this summer. Its not too late … Shall we grab a bite and discuss YOUR situation ?
What these folks did with a large brick fireplace to make it look more modern is quite exceptional considering neither had carpentry experience (so they say). “Do you have a fireplace that is an outdated eyesore? Here is how we updated ours without removing a single brick. More http://thepeartreecottage.blogspot.com/2011/04/fireplace-remodel-before-and-after-with.html
Well, anytime you want to is the short answer. Further, most brokered transactions involve standard forms that have been drafted by lawyers. These are the same lawyers that produce materials and workshops the local attorney uses as reference. So do you need a lawyer ? There are certain client situations that I’ll simply not move … More When to use a real estate lawyer
Those flipping TV shows can’t be wrong, can they ? Oh my. If only customer/clients realized they are buying a house, not a candy bar. (photos of actual house shown to client). “If it was that easy…” right ? Here’s some of the better article excerpts I’ve found. Property taxes, utility bills and assessments are … More Real estate auctions, can you trust them
This is the story of 2 types of investors and 2 types of investments. After reading, tell me if having a seasoned long term hands on skin-in-the-game professional in your back pocket is useful. Fair enough ? 2 Investor types: Knows when to cut bait Holds on until value is all gone, damaging credit. 2 … More The tale of 2 houses, aka: WHEN to cut bait.
Finally, an article above Readers Digest but below Wall Street Journal – like as much as I do both periodicals. But as I’ve often said, ‘don’t get your financial advise from Woman’s Day and don’t get your cooking ideas from Forbes’. The approach to real estate investing is not about jumping in or jumping out. … More What is a Good Real Estate Market to Invest in ?
You already know from Solomon that there’s “Wisdom in the counsel of many…”, so don’t just take my word for it. Yes, even read the articles about why many think property is a terrible investment, but make sure you read the feedback postings at the bottom of those posts. So on to that excerpted wisdom: … More (Real Estate Investing) Wisdom in the counsel of many…
Many times I’ve actually discourage married couples from building new, buying a fixer upper, or ‘taking a shot’ and investing. Why? Because financial stress can devastate a home and I’ll not take a commission at the expense of a marriage. Yes, I’ve even studied family counseling for years because of the stress that comes with … More Going to work on houses ? Work on relationship first.
Graphic shows when to be a buyer and when to be a seller. I’ve used basic timing as part of a strategy to quickly add equity & net worth to clients portfolios for decades. There is more here than just basic info, e.g. your timing will be different based on if you are a 1st … More When is the time to buy – no really.