Blog
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Why Selling Your Condo on Your Own in 2021 Is a Mistake
Published 4 years agoThere are many benefits to working with a real estate professional when selling your house or condo. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as… read more
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Ann Arbor Condo Report – November 2020
Published 4 years agoMarket Statistics are Seemingly Stable for Ann Arbor Condos Overall, Ann Arbor condos have not see a considerable change in inventory or prices in November 2020. 56 condos were listed for sale, a 6.6% decrease from the 60 last year. As for the average listing price of these units, it was down similarly by 6.7%… read more
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What to Consider When Choosing Your Retirement Condo or Home
Published 4 years agoAs more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in… read more
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Ann Arbor Condo Report – October 2020
Published 4 years agoPrices Remain Consistent Overall for Ann Arbor Condos The prices for Ann Arbor condos did not change drastically from last October. For example, the average listing price this past month is $366,788, a minimal increase from the $365,348 prior. New inventory saw a 12.5% rise at 72 condos compared to the 64 from before. As… read more
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Rent vs. Buy: How to Decide What’s Best for You
Published 4 years agoRent vs. Buy: How to Decide What’s Best for You According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a condo or… read more
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Do You Have Enough Money Saved for a Down Payment?
Published 5 years agoOne of the biggest misconceptions for first-time condo or home buyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a condo or house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials… read more
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Ann Arbor Condo Report – August 2020
Published 5 years agoMore Inventory for Both Listings and Sales Ann Arbor condos saw an increase in new and sold inventory this August 2020. New listings were up 14.5% at 71 condos, and this is in comparison to the 62 last August. The average listing price for these condos was $269,522, versus $362,526 before, down 25.7%. A total… read more
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Millennials Are Increasing the Demand for Condominiums
Published 5 years agoWhen deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications were submitted… read more
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Ann Arbor Condo Report – July 2020
Published 5 years agoComparable Inventory for Ann Arbor Condos Besides year-to-date sales, all other inventory for Ann Arbor condos have remained stable. July saw 108 new units hit the market, a 4.9% increase from the 103 last July. The amount of sold condos experienced a decline of 4.8%, from 83 to 79 this past month. As for the… read more
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Guidance and Support Are Key When Buying Your First Condo or Home
Published 5 years agoIn June, the number of first-time homebuyers accounted for 35% of the existing sales, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending… read more