Congratulations CSI, your new home purchase in Brimley MI will serve you well during snowmobiling season... Thank you for allowing me to assist you with your Michigan real estate transaction...

Angie Ridley
Complete Realty, LLC
810 744 4600
Angie@AngieRidley.com

Follow the links for more information!  These classes are offered in the Lapeer Michigan area. 

Brokers Prep:   http://www.lutar.org/Forms/2009-03-BrokersPrep.pdf  

Blogging: http://www.lutar.org/Forms/2009-03-20-Blogging.pdf    

Green Meeting at night:   http://www.lutar.org/Forms/2009-03-26-BuildingGreen.pdf

Education is knowledge and we all know "Knowledge is Power".

Consumer will not pick an agent based on who mailed the best pie recipe post card.  They are looking for one that can provide facts.

How do you answer the question:  Why should I buy now if prices are still going down?

Because of the changing market, you may not financially qualify tomorrow for what you financially qualify for today. 

The government is getting involved in the economy by lowering credit card and short term loans.  The impact of this action the interest rates will raise. 

            Price Today $150,000 @ 6% = $899.53 per month
               Price Later   $138,000 @ 7% = $918.12 per month

 MI 2008 Projected Foreclosures 28,239.
         MI homes affected by the 28,239 is 1,442,570.

The 2008 waive of foreclosures is not because of loans, it's because the values are declining so people just walk away.  The people that are walking away don't realize the market will come back and real estate is a cycle.

Wow, the listing total in the Flint Area Association of Realtors (FAAR) has reached a record high, 8192 listing.  This does not include homes for sale by unrepresented sellers, nor does this figure represent homes listed by out of area real estate agents.  The average number of listings use to be 3000-4000.

Actual closed sales are are close to last year.  FAAR is down about 66 closing, this year to date FAAR agents closed 2804 last year, 2870.  2001 was acutally a tougher year for real estate agents, just less noticed.  2001 had 2551 total closings.  We sure wasn't paniced then.  The years between average about 3000-3200 closings per year.

I don't have to tell you the prices of homes have dropped dramatically because of the price investors are purchasing foreclosed homes at.  Some are angry at the investors and some home buyers getting these good deals.  I look at this way, the home gets fixed up, the purchase helps the neighborhood stay in tact and the cycle of a seller's market will begin again in a couple of years.

I was watching the news today, I was stirred when I heard some banks and lending companies will no longer provide mortgages until the market changes.

The news keeps taking about sub prime loans, I don't think the news ever explained sub-prime loans.  Sub prime loans are loans that would not be approved through normal channels.  Sub prime loans have special investors and fees.  Adjustable rate mortgages are an example.  Loans that require no documentation are also an example. 

FHA loans are up.  FHA seems to be the new sub prime as my brother from ICON Mortgage Lending puts it.  It's the new sub prime with the government calling the shots.  Right now, that's a good thing!

I've been Memed!!!!

     Hmmm, so I've been memed.  Thanks Caron.

It's hard to think of 5 things about myself that many would not know.  I am a very open person.

Okay,

1. I am a Bronze Level USBC Bowling Coach.  I went to school to learn how to teach people to bowl.  I love working with the kids that want to learn to bowl.
2. I love to fish and camp.  I will not eat fish or anything from the water, except tuna fish (-:
3. My favorite pass time is hanging out with my grandbaby, Lexy.
4. I have a 20*40 in ground pool that I turned into a Goldfish and Frog Pond.  I started with 5 fish, now I have hundreds.
5. My favorite flower is the "Rose."  I love all roses and grow many.

Our NuCasa Before Picture   My Little Lexy Girl
 

In Michigan an agent can put their license in "escrow" by putting their license with a school or broker that does not belong to a board.  They don't have to pay dues that way.  When a person puts their license with a school, they must give any client they recieve to the school and then rec. a referral fee.  Not allowed to practice real estate.

I showed and negotiated vacant land for a couple for over a year so I was going to have a procurring cause issue.

When I research the so called "agent" that wrote an offer on the vacant land I found the person was licensed with a school, on the purchase agreement he made up a fake brokerage on the pa, verbally said he was the broker. He wanted the check made out to the fake brokerage and he had a bank account set up in this fake name.

I looked on line for the brokerage, it wasn't listed.  I looked up his name, his license was with a school.  Well, I called the school, they said he wasn't suppose to be actively selling real estate, then I turned him into the board for fraud.  The purchasers used him again for another peice of land.  He wrote another offer, the listing brokerage is aware of the agent practicing illegally, he won't get paid for the transaction.  Now if something else happens, who all can the purchasers sue for knowing he was not suppose to be practicing, therefore everyone involved is being dishonest with the purchasers.

The second person, called me to set up a showing for one of my listings.  I checked the state site for his license, his license had lapsed.  I had to call the office he was doing business out of and yadda yadda yadda.