Archives: November 7, 2017

Thinking About Buying? Know Your Credit Score!

Do You Know Your Credit Score?

Calculation Your Credit Score when buying a home

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

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Laurel Gardens Condos, Ann Arbor Report

Laurel Gardens Condo Report – November 2017Laurel Gardens Ann Arbor MI

Laurel Gardens is a luxury Ann Arbor complex set among beautiful foliage and landscaping, both the heated pool and variety of courts are enjoyed by residents. There are currently no condos listed for sale and so far this year, 2 have sold.

Sold Condos:

  • $565,000. 4690 Mulberry Woods Cir., Ann Arbor. 1817 sq. ft., + 1300 in finished lower level, 2 bedrooms and 2.1 baths.$500,000. 4684 Mulberry Woods Cir., Ann Arbor. 2077 square feet with 3 bedrooms and 2.1 baths.

Last year at Laurel Gardens, no condos were sold. In 2015, 2 condos sold with an average sale price of $356,00 and an average price per square foot of $214.00. The 2 condos sold this year have an ASP of $532,500, up 50%, and an A$/SF of $276.00, up 29%. To learn more about condo values at Laurel Gardens, contact the real estate specialists with The Bouma Group, Realors at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

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