Archives: January 2020

The Top Tax Deductions and Credits for Homeowners for 2019

Taxes are confusing, which is why many people in the U.S. choose to hire an expert to do their taxes for them. After all, there are so many numbers to know, forms to have ready, records of income and expenses, W-4s, 1099s, 380-Ts—we could’ve just made that last one up, and there’s no way of knowing!

Even though taxes might be complicated, they (sometimes) have a few perks. And if you own a home, those perks could mean a major bonus on your return. If you’re thinking of buying a home before next year’s taxes are due, here’s everything you need to know about how making a home purchase can affect your returns.

A calculator app on an iPhone.

Deductions vs. Credit

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108 E. Henry #807, Saline Condo at Risdon Heights

Spacious, almost new custom condo with a terrific location within walking distance of downtown Saline, parks, restaurants, shops, and more! Features include:

  • 1822 square feet of living space with 3 bedrooms and 2.1 baths.
  • Beautiful hardwood floors throughout the vaulted living room, dining area, and kitchen.
  • Desirable first floor master bedroom suite offers wood floors, a ceiling fan, and private bath with a granite topped dual sink vanity and tiled shower.
  • Loft area provides more living space and makes a great family room, play area, or den.
  • More photos and features
  • Listed for $385,000

For more information on 108 E. Henry #807 or to schedule a private showing, contact the condo specialists with The Bouma Group, Realtors at 734-761-3060 or info@bouma.com today!

834 Faith Court, Milan MI Home For Sale

834 Faith Court, Milan, MI 48160

SOLD! Move right in to this bright and open multi-level home situated on a quiet cul-de-sac in Milan. This home offers:

  • 1,704 sq ft, 3 bedrooms and 2.1 baths
  • Gleaming hardwood floors throughout main level
  • Bright and open floor plan with wall of windows and vaulted ceiling
  • Gorgeous four-season sunroom overlooking large, fenced backyard.
  • More photos & features
  • Listed for $250,000

For more information on 834 Faith Court or to set up a private showing, contact the real estate experts with the Bouma Group at 734-761-3060 or info@bouma.com today!

Ann Arbor Real Estate Report – December 2019

Less Inventory and More Sales for Ann Arbor Homes

In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.

Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.

The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or considering selling, contact the specialists at (734)761-3060 or email info@bouma.com. To search Ann Arbor neighborhoods, click here!

Old Creek Farms Neighborhood Report

Year End Real Estate Report 2019

Old Creek Farms is a well situated Saline subdivision with traditional homes and mature vegetation. Not only is there a park located within the neighborhood, but there are also other nature areas nearby. Presently, there are no homes listed for sale and 11 have been sold.

Homes Sold in 2019:

  • $326,000. 548 Old Creek Drive, Saline. 1640 sq. ft., + 672 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $319,900. 685 Willis, Saline. 1951 sq. ft., + 700 in the finished lower level; 5 bedrooms and 2.1 baths.
  • $312,000. 507 Old Creek Court, Saline. 1640 square feet with 3 bedrooms and 2.1 baths.
  • $305,000. 511 Willis Road, Saline. 1710 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $296,000. 653 Willis Road, Saline. 1640 sq. ft., + 400 in the finished lower level; 3 bedrooms and 1.1 baths.
  • $295,000. 347 Willis, Saline. 1640 sq. ft., + 400 in the finished lower level; 3 bedrooms and 1.1 baths.
  • $284,900. 533 Forestbrooke Court, Saline. 1640 square feet with 3 bedrooms and 2.1 baths.
  • $282,000. 407 Old Creek Drive, Saline. 1640 square feet with 3 bedrooms and 1.1 baths.

For a complete list of Sold Homes at Old Creek Farms, Saline, contact us at (734)761-3060

Last year at Old Creek Farms, 12 homes sold with an average sale price of $257,650 and an average price per square foot of $161.55. The 11 homes that were sold in 2019 have an ASP of $290,064, up 12.6%, and an A$/SF of $174.57, up 8.1%. If you would like to be updated on the selling and listing activity at Old Creek Farms, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Saline neighborhoods here!

The Top 4 Home Selling Myths of 2019, Busted

“Fake news” has become one of the trendiest terms of the decade—even when it comes to real estate. Homeowners are often bombarded with selling advice that promises to get their home sold quickly and for top dollar…but more often than not, these “tips” are nothing more than misleading—and can throw you off-track.

As we end the year, we want to set the record straight. Here’s our list of the top four home selling myths, debunked.

Myth #1: It’s Just like Reality TV

Woman watching TV with popcorn

If HGTV is your guilty pleasure, you’ve probably watched hundreds of buyers and sellers navigate the real estate process on camera. Although the shows do get some things right, they’re often scripted and don’t provide an accurate idea of what it takes to sell your property.

One of the biggest misconceptions created by these programs is the length of the selling process. Don’t fall for the TV magic—it actually takes a lot more than a showing and a phone call to close a deal. In reality, homes can sit on the market for 60 to 100 days or more, and the closing process might last for up to 45 days. Instead of expecting instant gratification, it’s best to talk with your agent to create a realistic timeline before listing. Continue reading