Category Archives: Ann Arbor Real Estate Technology

How Buyers and Sellers Have Lost Thousands of Dollars to Email Scams

laptop and smart phoneEmail scams are as old as, well, email, but as the years go by, these scams have become more and more sophisticated. Recently, several home buyers have fallen victim to specially targeted email scams that attempt to rob them of their closing costs — sometimes up to hundreds of thousands of dollars.

These types of scams are devastating both financially and emotionally, especially when your home is involved. But to help protect you from email scams targeting the real estate industry, we have outlined a few tips about what these scams are and how to avoid them.

What Email Scams Are Common?

Though the method through which hackers collect personal or financial information is always changing, there are a few basic types of scams that buyers and sellers should be aware of.

Phishing

fishingThis type of scam attempts to “fish” for sensitive personal or financial information (such as passwords or credit card numbers). Many emails used in recent phishing schemes look legitimate; they may use the name of a trusted company or individual as the sender name, but the email address is slightly different than the company’s or individual’s verified address.

These types of email messages may also ask you to verify information or click on a link, which could install harmful software on your computer. Continue reading

How 2016 Technology Has Changed Your Home Search Forever

scrolling through mobile phoneWhen was the last time you hopped in your car to start your home search? Most home buyers today just pick up their phones to instantly view properties all around the country — no car required.

Each year, new technology changes the way we interact with the world. Here are just a few of the ways 2016 tech has changed the way buyers find real estate.

You Can Access Anything On the Go

Your home search doesn’t stop while you’re out and about. Today’s technology has made it easier to access information when you need it. While you’re waiting in line at the store or idly scrolling through your phone, you can find articles about the home buying process on social media, see listings on a mobile search app, or check commute times from homes you’re considering.

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Ann Arbor Real Estate Market Update – February 2016

Now is the Time to List Your Ann Arbor Home

Ann Arbor Real Estate Statistics for February 2016
Ann Arbor remains in a seller’s market with a 2.8 month supply of homes listed for sale. Listing inventory is beginning to rise and sales are very strong. This is the beginning of what is going to be a hot spring market. Home inventory will only continue to increase over the next few months, so now is the time to get listed before the competition gets tougher.

Thinking of listing your home, but not sure what it’s worth in today’s market? Get a free market analysis here or give us a call at 734-761-3060 to learn more about home values in your Ann Arbor neighborhood.

Ashley Mews, Downtown Ann Arbor Condo Report

Ashley Mews, Ann Arbor Condo Report – March 2014Ashley Mews, Downtown Ann Arbor Condos

Located just steps from vibrant Main Street in Downtown Ann Arbor, Ashley Mews offers a variety of brownstone condos, as well as a few penthouses that overlook the city. There are currently 3 units listed for sale, 2 listed for rent, and last year 3 condos sold.

Condos for Sale:

  • $750,000.  138 Ashley Mews, Ann Arbor. 2352 sq. ft. +548 in finished lower level, 3 bedrooms, 2.1 baths. Sale Pending. Listed by The Bouma Group
  • $469,450.  168 Ashley Mews, Ann Arbor. 1404 square feet with 2 bedrooms and 2 baths.
  • $450,000.  107 Ashley Mews, Ann Arbor. 1404 square feet with 2 bedrooms and 2 baths.

Condos for Rent:

  • $5000/month.  426 S. Main, Ann Arbor. 2352 square feet with 3 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $5000/month.  414 S. Main #806, Ann Arbor.  2916 square feet with 3 bedrooms and 3 baths. Listed by The Bouma Group

Sold Condos:

  • $750,000.  428 S. Main, Ann Arbor. 2352 sq. ft. +779 in finished lower level, 3 bedrooms, 3.1 baths.
  • $429,000.  429 S. Ashley, Ann Arbor. 1739 square feet with 2 bedrooms and 2.1 baths.
  • $405,000.  111 Ashley Mews, Ann Arbor. 1358 square feet with 2 bedrooms and 2 baths.

In 2012, 4 condos sold with an average sale price of $422,500 and average price per square foot of $257.00. Last year, 3 condos sold with an ASP of $528,000, up 25%, and an A$SF of $288, up 12%. With a general lack of inventory for Downtown Ann Arbor Condos, values will continue to rise as buyers do whatever it takes to secure the sale. As more units come to the market, prices will begin to level out. To learn more about values at Ashley Mews, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

The Basics of Condominium Ownership in Ann Arbor

There are a great many benefits to purchasing a condominium in Ann Arbor. If you’re considering buying a condo, you’re likely to have questions. Here are a few answers to get you on the road to one of today’s hottest trends in home ownership – condominium living!

What is a condominium, and why should I buy one?

A condominium is a form of home ownership in which individual units of a larger complex are sold, not rented. These units may be renovated apartments, townhouses, or newly-constructed units. Contrary to popular belief, the word ‘condominium’ does not apply to the type of unit itself, but the legal ownership arrangement. Buying a condo provides all of the benefits of home ownership, at a price very competitive with the majority of rentals. Now is the time to stop paying your landlord’s bills, and begin building something for yourself!

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Ann Arbor Real Estate Market Update, June 2010

The one really interesting trend that we are noticing in the Ann Arbor real estate market is that the housing inventory is actually decreasing as we head into late Spring and Summer. This is normally a time when inventory should be increasing. There has been an overall drop in inventory of 8% from last month. In the beginning of May there were 841 homes listed for sale in Ann Arbor. In the beginning of June, there were 774 homes listed for sale. A contributing factor to the decrease in inventory is that many home owners owe more on their mortgage than their house is worth, forcing them to stay put for now.

The decrease in inventory isn’t spread evenly throughout the market.  Every price range under $600,000 has seen a decrease in inventory, ranging from a decrease of 20% in the $100,000 – $200,000 price range, to a decrease of 6% in the $400,000 – $500,000 price range. Once you get above $600,000, inventory has increased over last month. In the $800,000 – $1,000,000 price range there has been a 20% increase in inventory, and only 1 home went under contract in the past 30 days. Continue reading

Our New Ann Arbor Real Estate Photo Blog

Ann Arbor Real Estate Photo BlogYou may think that we here at The Bouma Group are only passionate about helping folks buy and sell Ann Arbor Real Estate. While that is our main goal, we are also committed to providing people with information about the Ann Arbor Area –  and what better way than through photos! We are excited to have started a brand new photo blog that showcases all things Ann Arbor from local icons to restaurants to special events. Take a look at the Ann Arbor Photo Blog and let us know what you think.

Not only do we love sharing our ‘view’, we want to see what your Ann Arbor looks like. So, please email us your best photos of what this city is to you. We want this photo blog to become a great resource for people who already live here or are planning to relocate. Send your photos, along with a short description, to us at info@bouma.com.

Be sure to check our new Ann Arbor Photo Blog regularly, as we are constantly updating it with new and exciting photos.

-Martin

Keeping Track of Your Ann Arbor Home's Value

What is my Ann Arbor Home Worth Today?

The condition of the real estate market keeps this question at the forefront of most Washtenaw County homeowners minds. You can spend hours on the web trying to keep up with the latest home price and sales information and then try to piece it all together to make sense. Or, you can check out this great tool called Market Snapshot.

What is Market Snapshot?

A free graphical report that provides up-to-the minute MLS information on the area or neighborhood of your choice.  Market Snapshot provides the real estate information you need all in one place and is automatically emailed to you at the frequency you request. In a single report you will find:

  • Market Info – including active and sold data, plus view homes in detail
  • Community Info – characteristics, restaurants, shopping, arts & entertainment, plus much more
  • School Info – schools in the area with detailed views

View an interactive sample of Market Snapshot here.

Signing Up is Easy

Just click here to visit the enrollment page. Remember, there is no obligation to buy or sell a home by signing up. Once you receive your report, contact the Bouma Group with any questions you may have with interpreting the data. If you are thinking of selling your home and would like more information on your home’s value, give Martin a call at 734-761-3060.