230 Wildwood, Ann Arbor MI Home Near Downtown

230 Wildwood, Ann Arbor MI 48103230 Wildwood, Ann Arbor MI Home Near Downtown

Just Listed! Located on one of the best streets near downtown Ann Arbor, this charming home backs to a wooded ravine for added beauty and privacy. Details include:

  • 1321 square feet, with an additional 300 of finished space in the lower level, 4 bedrooms and 2 baths.
  • Hardwood floors throughout with tile in the kitchen and bathrooms.
  • 3 Seasons porch views the ravine and opens to the deck.
  • More photos and features
  • MLS# 3234325
  • Listed for $350,000

To learn more about 230 Wildwood or to schedule a private showing, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more of our Featured Listings here!

Ann Arbor Real Estate Market Update – July 2015

Ann Arbor Home Sales Up in July

Ann Arbor Real Estate Statistics for July 2015
When comparing single family home sales in July 2015 to those of July 2014, the number of homes sold rose 14.9%, according to the Ann Arbor Area Board of Realtors. Ann Arbor is just barely in a balanced market with a 5.1 month supply of homes listed for sale, hovering on a seller’s market. Listing inventory is beginning to decline, from it’s high in June, and with heightened sales is creating an even tighter market for buyers.

There is still a strong pool of buyers out there in search of the right home, which is evidenced in the increased home sales despite the decreasing inventory. If you think the home selling season is over, you’re wrong! Call us today at 734-761-3060 for a market analysis for your home to find out what it’s worth in today’s market. We’ve been selling Washtenaw County homes for more than 27 years and know the market better than anyone. Learn more about our seller services here.

7350 Vintage Drive, Ann Arbor Home on Over 6 Acres

7350 Vintage Dr., Ann Arbor MI 481057350 Vintage Drive, Ann Arbor MI Home iwth Acreage

Just Listed! With a great location, just minutes to downtown Ann Arbor or Brighton, this immaculate, custom ranch style home sits on 6.4 beautiful acres. Features include:

  • 2548 square feet of living space with 3 bedrooms and 3.1 baths.
  • Soaring vaulted living room has a cozy fireplace and a wall of windows with great views of evening sunsets.
  • Open kitchen with gleaming white cabinets, granite counters, a center island, ceramic tile and large breakfast nook.
  • Expansive walk-out lower level is partially finished with a kitchenette, full bath, and storage room.
  • More photos and features
  • Virtual tour
  • MLS# 3234151
  • Listed for $525,000

To set up your private showing for 7350 Vintage Drive or to learn more about this pristine home, contact the Ann Arbor Real Estate specialists at The Bouma Group at 734-761-3060 or email info@bouma.com today!

The Bouma Group Welcomes Bobby Brosnahan to Their Real Estate Team

Bobby Brosnahan, Listing Specialist for The Bouma GroupMartin Bouma and The Bouma Group welcome Bobby Brosnahan to their team of Real Estate Professionals as a Listing Specialist. Bobby is a recent graduate of the University of Michigan where he played on the Michigan Wolverines baseball team.  He left college early to pursue a professional baseball career after signing a minor league contract with the Toronto Blue Jays.  Upon the conclusion of his baseball career, he returned to his hometown of Ann Arbor, completed his degree and sought a career in real estate.  He believes his passion, work ethic, and attention to detail make him a valuable asset to the already successful team at The Bouma Group.  He is very excited to be working with future sellers in their endeavor to list their homes.

The Bouma Group has been servicing the real estate needs of Washtenaw County for more than 25 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group’s continued success and have made them the #1 real estate team in Ann Arbor for the past 12 years. To find out more about home and condo buying opportunities in Washtenaw County, contact The Bouma Group at 734-761-3060 or visit their website at www.bouma.com.

 

7521 Lake St., Dexter MI Home at Huron Farms

7521 Lake Street, Dexter MI 481307521 Lake Street, Dexter MI Home at Huron Farms

Just Listed! Ready to move into 2-story situated on a quiet cul-de-sac in Dexter’s popular Huron Farms subdivision. Features include:

  • 1830 square feet, plus an additional 900 in the finished lower level, 3 bedrooms, 2 full and 2 half baths.
  • Great room is open to the kitchen and has a cozy fireplace and french doors that open to the dining room.
  • Walk-out lower level is finished with a huge family room, exercise area, half bath, and large daylight windows.
  • More photos and features
  • Virtual tour
  • MLS# 3233920
  • Listed for $314,900

For more information on 7521 Lake St., and to request your private showing, contact the Dexter Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Learn more about Huron Farms here!

What Every First Time Home Buyer Should Know About Home Loans

Home Buying 11First-time home buyers who work with us often have the same question: Should we or shouldn’t we get a first-time home buyer loan?

In fact, there are a number of advantages and disadvantages attached to this type of loan.

So today, we thought we would take a few moments to share with you what you can expect from getting this type of loan as a first-time home buyer. That way, when it comes time for your to decide how you’re going to finance your first home, you’ll have all of the information you need right at your fingertips.

First-Time Home Buyer Loans 101

A first time home buyer loan offers financial assistance to qualified buyers by utilizing a variety of methods:

  • Very low down payments or none at all
  • Subsidized interest costs
  • Grants
  • Forgive loans
  • Defer payments

Generally speaking, the best candidates for this type of loan are home buyers who have never owned a home, although those who have not owned a home in more than three years may also qualify.

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120 W. Washington, Ann Arbor MI Downtown Loft Condo

120 W. Washington Street #C, Ann Arbor MI 48104 120 Washington Street #C, Ann Arbor MI Downtown Ann Arbor Loft Condo

Just Listed! Walk to everything from this stylish downtown Ann Arbor loft located above Grizzly Peak. Features include:

  • 963 square feet with 1 bedroom and 1 full bath.
  • Hardwood floors, exposed brick walls and ductwork, and large windows viewing Washington Street.
  • Kitchen is open to the living area and offers granite counters and stainless appliances.
  • More photos & features
  • MLS# 3233730
  • Listed for $425,000

To learn more about 120 W. Washington #C, or to request a private showing, contact us at The Bouma Group today at 74-761-3060 or email info@bouma.com. See more downtown Ann Arbor Condo communities here!

Buying a Home? 4 Things You Should Know About Home Appraisals

home mortgageAs you might already know, summer is a very busy time for real estate agents. That’s why so many home buyers decide to enter the market during this time of year.

If you too are a prospective home buyer planning to enter the market soon, then you’ve visited the right real estate blog!

Today, we’re going to share four things that every home buyer should know about appraisals.

What Are Appraisals and Why Are They Important?

An appraisal is the valuation of a property by the estimate of an authorized person. These are particularly important for those who will be taking out a loan on their next home. And unless you’re independently wealthy (or have been successful in building a sizable savings account), you will more than likely end up requesting a loan. When you ask for that loan, banks reference your home’s appraisal as a way of deciding how much to give you. That’s why appraisals are so important.

Consider this example: Let’s say you make a purchase offer on a home for $120,000. You need a loan for exactly that amount.

However, when the appraisal comes back, it says the home is worth only $100,000 – and the bank isn’t willing to give you a penny more.

This means that you’re faced with a $20,000 budget gap. And that’s enough to kill many a real estate deal.

But Don’t Worry – We Can Help!

Here is some valuable information on appraisals that may help you avoid unfortunate situations like the one above:

Appraisers must meet certain criteria first. According to the Appraisal Institute, a qualified appraiser should be licensed or certified and also should be familiar with the local area. What’s more, federal regulations stipulate that the appraiser must be impartial and have no direct or indirect interest in the transaction. Fannie Mae even requires that appraisers certify that they have experience appraising similar properties in the same area.

Appraisal values are influenced by a number of factors. For instance, appraisers will consider recent sales of similar properties as well as current market trends. They’ll also factor in such things as the home’s amenities, number of bedrooms, floor plan functionality and more.

Appraisers are required to do a complete visual inspection of the interior and exterior of the home. During this time, they’re also required to note any conditions that may adversely impact the property’s value. This may include needed repairs.

Generally speaking, appraisers use Fannie Mae’s Uniform Residential Appraisal Report for single-family homes. This report asks the appraiser a number of questions, including what the home’s interior and exterior look like, what neighborhood it’s located in and what nearby comparable sales there are. Other parts of the report include: a street map showing the appraised property, an exterior building sketch, an explanation of how the square footage was calculated, and photos of the home. After providing all of this information, the appraiser offers an analysis and conclusions about the property’s value based on this information.

We’ll Help You At Every Stage of the Home Buying Process

We hope you found the above information insightful as a prospective home buyer. Hopefully the appraisal on your next home will go smoothly and you’ll be that much closer to owning your own home.

For EVERY stage of the home buying process, we’ll be there to assist you in order to make the experience as seamless as possible. Contact us today at The Bouma Group at 734-761-3060 or email info@bouma.com to learn more about the services we provide and the valuable advice and insight we can offer.

2726 Glenbridge Court, Ann Arbor Condo at Georgetown Commons

2726 Glenbridge Court, Ann Arbor MI 481042726 Glenbridge Court, Ann Arbor MI 48104 Condo at Georgetown Commons

Just Listed! Nicely remodeled ranch style condo with a great central Ann Arbor location in Georgetown Commons. Details include:

  • 780 square feet of living space with 2 bedrooms and 1 full bath.
  • Sharp kitchen has granite counters, stainless appliances, and gleaming white cabinets.
  • Private, enclosed patio for enjoying the nice weather.
  • More photos and features
  • MLS# 3233416
  • Listed for $149,900

This stylish condo won’t last on the market long! For more information or to set up your private showing for 2726 Glenbridge Ct., contact Ann Arbor’s Premier Realtors with The Bouma Group today at 734-761-3060 or email info@bouma.com today.

Ann Arbor Condo Market Update – June 2015

Ann Arbor Condo Sales Still Going Strong

Ann Arbor Condo Statistics for June 2015
Ann Arbor Condo sales remain strong as inventory begins to decline. The number of units listed for sale in June decreased by 15% and when compared with June of last year, inventory is down 25%. Condos in Ann Arbor are currently in a seller’s market with a 3.3 month supply of units listed for sale. Inventory typically begins to decline this time of year with May being the highest listing month. The $100k-$200k price range has the highest level of inventory and there are no condos for sale over $1 million.

High buyer demand, combined with low inventory and steady sales, keep values increasing in Ann Arbor making this a terrific time to get your condo listed. Contact the real estate specialists with The Bouma Group today to find out what your condo is worth and what we can do to get it sold quickly! 734-761-3060 or email info@bouma.com. View all condo complexes and market updates here!