1. How Much Do You Need for Your Down Payment?

    As you set out on your home or condo buying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based… read more

  2. 4 Things Every Renter Needs To Consider

    As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a condo or home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before… read more

  3. What Do Supply and Demand Tell Us About Today’s Housing Market?

    There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is… read more

  4. Two Reasons Why Waiting a Year To Buy Could Cost You

    If you’re a renter with a desire to become a homeowner or a homeowner who’s decided your current place no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a condo or home. To determine if you should buy now or wait, you need to… read more

  5. Ann Arbor Condo Report – August 2021

    Approximately 20% Increase in Average Sales Price Both monthly and year-to-date statistics saw a decent increase in the average sale price. In the month of August, Ann Arbor condos had an ASP of $312,212, which was a 24.9% increase from the ASP of $250,020 last August. As well, closed sales rose 10.1% from 69 to… read more

  6. Ann Arbor Condo Report – July 2021

    Listings Remain Hot with a Decline in Inventory For the first time in a few months, there has been a decrease in the amount of new inventory added to the Ann Arbor condo market; 89 units were listed, and this was a 19.8% difference from the 111 last July. Sellers will be pleased to know… read more

  7. Ann Arbor Condo Report – June 2021

    Sale Prices Continue to Climb Two things moved up this past month for Ann Arbor condos, new inventory and the average sale price. June saw a total of 125 new condos added to the market, a 27.6% change from the 98 the previous June. There was a very minimal decline in the amount of sold… read more

  8. What is an Appraisal Gap and Why Are They Happening Now?

    In today’s real estate market, low inventory and high demand are driving up condo and home prices. As many as 54% are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing… read more

  9. Ann Arbor Condo Report – May 2021

    A Significant Increase in Sold Ann Arbor Condos Although the amount of added inventory for Ann Arbor condominiums is starting to cool, sales are going full steam ahead. There was a 5.3% increase for new listings from 113 last May to 119 recently. Sold condos on the other hand jumped from 35 to 77, a… read more

  10. Keep Calm and Move On: How to Tackle a Long-Distance Relocation

    Whether you’re heading down the street or to a new town, moving is always a tough transition. However, a long distance relocation presents a whole new set of challenges you might not have considered. Picking up your life can be an exciting change, but it’s also a bit overwhelming. Need some help navigating the process?… read more