2014 Property Tax Assessments

February 1st, 2014

It’s that time of year again – homeowners have started to receive their 2011 property tax assessments in the mail. Homeowners have the right to appeal their assessments to the local board of review if they feel the assessment is incorrect. It is important to note that many review boards meet in March, but dates vary by each municipality, so be sure to contact your local assessor. Below is a step-by-step guide for homeowners to utilize when preparing to appeal their property tax assessment, courtesy of the Michigan House of Representatives Caucus Services.

Before deciding to appeal, you may find it helpful to call your local assessor to discuss your assessment and the appeal process.

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Happy Holidays

December 1st, 2013

The Lapeer and Upper Thumb Association of REALTORS and their staff would like to wish all of you Happy Holidays and a Safe and Prosperous New Year.

MICHIGAN GRANTS PROPERTY TAX RELIEF TO DISABLED VETERANS

November 22nd, 2013

There are many laws that get passed by state governments that few people hear about or know about. The Dannie Lee Barnes disabled veteran property tax relief act may be one of those new laws. Just enacted by the Michigan legislature during early November, 2013, it was made effective immediately but little has been done to get the word out about the law.

For those who served their country and suffered life changing disabilities because of that service, this is welcome relief. The law applies to only those who have been declared to be 100% disabled by their injuries or who have special needs due to their injuries and to those who lives have been so disrupted that they are now essentially unemployable.

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Why Do I Need A REALTOR to sell my house?

November 20th, 2013

All you have to do is look around your town or city to see WHY you need to have a REALTOR. Properties are being bought and sold everyday with the benefit of market research and planning. Often times these two elements are outside the scope of a person who wishes to sell their own home. Sure, you know what kind of equity you put into your own home, but how much did that other house down the street sell for? What kind of pricing is affecting the homes around you currently? Do you know how to reach out to prospective home buyers? These questions all lend to reasons why there are benefits of having a REALTOR-and you’re answers could be extremely wrong.

Benefit 1: Market Research

REALTORS have the benefit of not only searching the MLS (Multiple Listing Service) for you while finding a home or property you might like, but they also are privy to any phone calls that come into the office that might be from new sellers who are wishing to sell as soon as possible without going into the MLS. As a person who is not represented by a real estate agent, you would be missing out on these deals. Agents also have the benefit of researching market analyses of different property types in the area that you are looking to buy or sell in. This is invaluable information as it would go towards how much something is definitely worth.

Benefit 2: Planning and Consultation

REALTORS are the people who have gone through assisting with 100s of home closings and home selling situations. They are the ones to consult with in understanding how to sell your home. Do you keep you animals away when you have a home showing, and how much do you clean up? What do you want to highlight and what do you want to keep in the background. These are all questions that real estate agents can assist with.

Benefit 3: They are on your side

You will never have someone as ferocious on your side to help you buy or sell a home. REALTORS are commission based for their service fees, but they rely on their network of clients to bring in their next client. Without their network, they wouldn’t have anyone to represent. That being said, they will do everything possible to get what you want. Without satisfying their clients, they would have no clients!

As you can see, REALTORS, offer quantified benefits outside of assisting in purchasing or selling your home. They understand the nuances, the paperwork, and most importantly- your needs.

5 Tips to Prepare Your Home for Sale

September 19th, 2013

Working to get your home ship-shape for showings will increase its value and shorten your sales time.

1. Have a home inspection

Be proactive by arranging for a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on the market. In some states, you may have to disclose what the inspection turns up.

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GSE Structures Must Protect Taxpayers and Ensure Mortgage Availability, Says NAR

February 10th, 2011

Continued government participation in the secondary mortgage market is essential to ensuring affordable and available home mortgages to qualified consumers when private lenders withdraw from the market, according to the National Association of Realtors®’ recommendations for restructuring the government-sponsored enterprises (GSEs).

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December Existing Home Sales- Jump

February 3rd, 2011

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.

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Real Estate Today Celebrates 100th Show

January 7th, 2011

Real Estate Today, the national talk radio show produced by the National Association of Realtors®, celebrates its 100th show this weekend. Now the fastest growing real estate show in the country, “The 100th show is a significant milestone in talk radio, and we’re proud of this achievement,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “The overwhelming success of Real Estate Today underscores just how much home ownership matters to consumers. NAR is committed to being the best real estate resource for home owners, buyers and sellers, and Real Estate Today helps us do that.”

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Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011

January 4th, 2011

Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®.

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Home Owners Recoup More with Exterior Replacement Projects, REALTORS® Report

December 21st, 2010

As part of the 2010-11 Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of a home at resale time.

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