Following the Green: How Legalized Marijuana is Transforming the Traverse City, MI Real Estate Market

In our ongoing look at how the legalization of marijuana is impacting the real estate market in different areas across the country, today we’re putting the spotlight on Traverse City, MI. Michigan legalized recreational marijuana at the end of 2018, causing a “mad race among prospective marijuana businesses that’s having dramatic effects on the local…

Junior Liens Who Choose to Foreclose

Many lenders opt to only fund first mortgages because they believe that second mortgages are too risky, but is that always the case? Not always. Not all second mortgages are equal. Many private lenders may choose to fund a junior lien where the first mortgage is relatively small in comparison to the second. For example,…

Working With Professional Real Estate Agents

Buyers and sellers typically work with a licensed real estate salesperson or broker. It is important to ascertain if that person is working “for” you (you are the client) or “with” you (you are the customer). Most states will require that the licensee make early written disclosure concerning the agency relationship. License Required State licensing…

HOA Volunteer Pheromones

Moths give off “pheromones”, a scent that attracts mates from many miles away. Oh, that it were so easy to attract volunteers at a homeowner association. Just spritz a bit of Eau de Volunteer about and stand back! So what does it really take to attract good volunteers? Here are a couple of suggestions: Develop…

Why You Should Just Say No to FSBO

There was a lively conversation on our neighborhood Nextdoor last week from someone who was listing his home for sale by owner (FSBO) and wanted to get the word out to neighbors but definitely did NOT want to attract the attention of real estate agents. He had a few choice words for agents around what…

Your VA Loan the Second Time Around

For those that are eligible, the VA home loan program is peerless when it comes to financing a primary residence when savings as much cash as possible is a priority. VA loans don’t require a down payment and the veteran is restricted from paying certain types of closing costs. When lenders review an application for…

Using Independent Contractors

Question: It has been the practice at our condominium for the Board to permit independent contractors to work on our common elements without proof they are licensed or that they are properly insured (workers comp. and liability coverage). Everything I have read makes it clear it is important that the association not operate in this…

“Agency Mess” Report: Are You Doing Enough?

Customers and clients expect consistent, committed professionalism from those who are licensed to trade real estate and who want to be well-paid for this service. PJ Wade shares a recent report from the Consumer Federation of America that reveals consumers are often disappointed. When intent on delivering real estate services rated “excellent,” it’s not only…

How Color Helps Sell Your Home

Yes! Just like curb appeal matters, the colors of your home can and will influence buyers. With that in mind, we explore which colors tend to appeal to the masses. The color scheme of your home, from the outside in, sets the tone. It’s like going to see a theatre play and seeing an intricately…