Discover why new employment prospects and job recovery opportunities affect the improvement of home and property values in Ann Arbor and Washtenaw County.
Discover what governmental factors, such as zoning laws and rent control, influence real estate values in Ann Arbor neighborhoods.
The Bouma Group's informative blog will supply all the latest information about recovering market trends and what Washtenaw County and Ann Arbor neighborhoods will rebound the quickest based on these certain factors. The real estate professionals at The Bouma Group can help you find or sell real estate in Ann Arbor based on these important location factors. The Bouma Group is always looking for your feedback and opinions in order to help them provide better and more resourceful information for you in your search for real estate in Ann Arbor.
With the slump in the economy and housing market, every competitive edge helps, including the importance of your Ann Arbor neighborhood location. If you are using the Ann Arbor MLS search to find a Washtenaw County or Ann Arbor property, there are some specifics you are usually looking for. Those factors are explained for you by the Ann Arbor realtors at The Bouma Group.
What are Buyers Looking For?
If you are a buyer, you are typically looking at certain factors in relation to an Ann Arbor neighborhood's location. The same goes if you are the seller because you want to have as many of those factors that buyers are looking for so you can sell your Ann Arbor real estate in a timely manner and for the most money possible.
The Flip Mino video camera has recently been added to the arsenal of Ann Arbor real estate resources. Martin Bouma and his team of Ann Arbor real estate professionals constantly search for new ways to help clients search the Ann Arbor area to find the perfect home. The new Flip Mino video capability on www.Bouma.com will help you become familiar with our Ann Arbor condo buildings, our neighborhoods and the subdivisions of Ann Arbor, Chelsea, Ypsilanti, Saline, Milan, Dexter and greater Washtenaw County. For a full explanation of this new video resource, go to www.bouma.com/blog.
Everyone keeps asking me, 'Martin - who's buying homes in Ann Arbor right now?'. After getting asked this a couple of times, especially since the beginning of the current financial crisis, I decided to look into this further.
I went back two months to analyze where our buyers came from. The Bouma Group sold homes to 18 buyers in September and October of 2008. The results are interesting, and much different from the perceptions that I had.
First Time Buyers 8 Sales 44%
Relocation Buyers 3 Sales 17%
Move up Buyers 2 Sales 11%
Second-Home Buyers 2 Sales 11%
Rentals 2 Sales 11%
Investment Buyers 1 Sale 6.5%
The most interesting statistic is the number of first time home buyers. Despite the fact that most 100% loan programs and seller down payment assistant loans are now gone, almost half of the buyers are first time buyers. That's a very good sign as it tells me that first time home buyers, who are generally younger buyers, are confident that a home purchase is still a sound economic decision. The second-home buyer is also a good trend. Many of these buyers are people that graduated from the University of Michigan, and as they approach retirement years, want a residence in Ann Arbor because of all the amenities Ann Arbor has to offer, like excellent restaurants, theater, sports events, world class medical facilities, and a 25 minute drive from Detroit Metropolitan Airport - a world class international airport. Many of them are also cash buyers.
Great deals are to be found everywhere! If you are working with an Ann Arbor Realtor who has expert knowledge of the local real estate market and is a strong negotiator, you can certainily take advantage of today's challenging real estate market. Contrary to what many are thinking, there are lots of buyers taking advantage of the current market to purchase a Washtenaw County home. Homes that are priced well, show well, and have a good location are the ones that are selling.
To stay updated on the current Washtenaw County real estate market conditions, be sure to check my website regularily.
We have all heard of Digg, delicious and many other social bookmarking websites but another lesser known site I discovered recently is called Mixx.com. Like its sister sites, Mixx allows visitors to create profiles and designate or bookmark your "favorite" blogs. Offering users similar attributes to a "StumbleUpon", one can also rate your favorite blogs, videos and photos as well.
Taking Mixx for a Test Drive
As a test, I decided to try out Mixx.com and upload my own Ann Arbor real estate blog as a favorite. Other visitors can vote on the link too. It will be interesting to see what additional traffic and Google power this site will provide. If it's anything like StumbleUpon I can tell by the amount of traffic I receive when someone "Stumbles" my blog.
Are You on Mixx?
If so share we the other Rainmakers what results you have realized by creating your profile there.
I don't know about your state's RE licensing laws but here in Michigan we are required by state law to be loyal to our clients, obey the laws, be financially prudent with other people's funds and conduct our business in a "skillful" manner. That actually means being on your "A" game with new technologies and how those technologies relate to our real estate market. Are you on keeping a finger on the ever-changing pulse of new technologies as they relate to the mobile computing crowd?
Helping Home Buyers Armed with the iPhone
Much has been said here and at many other real estate related websites about the virtues of the iPhone. While I don't personally own an iPhone, I truly believe it is far and away one of the coolest mobile devices of its kind. Now add to that all the great applications that can be downloaded and you quickly see why millions of these devices have been sold since the new "Souped Up" G3 version hit the market in mid-July.
Just Because I Don't Own One...
Like I said earlier, while I don't own an iPhone that doesn't mean I don't recognize its value and practical use as it relates to our Ann Arbor real estate market. In fact, The Bouma Group ensures every one of our Ann Arbor MLS property listings are visiable to iPhone owners. This is accomplished by uploading our featured Ann Arbor properties to Trulia. That way mobile computing home buyers can search for Ann Arbor homes for sale via the Trulia Property Search application on their iPhones. Of course, many cell phones provide Internet connectivity. The Trulia APP on the iPhone is just another tool for consumers to find their next home.
Ann Arbor Property Search Results in the Palm of Your Hand!
By uploading our Ann Arbor listings to Trulia, our featured properties are “exposed” to a whole new set of potential buyers who search for homes via their iPhones. One of the really cool “APP’s” (short for applications) available to iPhone users is the Trulia property search application. Armed with an iPhone and the Trulia Property Search APP, a consumer has the ability to:
Access maps with the Ann Arbor property plot pointed
Get driving directions to and from the property
Save their favorite property searches
Email or call the listing agent immediately
Email the property to a friend or family member
By virtue of uploading all our Ann Arbor listings to Trulia, our featured properties are visible to a wider audience of home buyers many of whom are mobile computing home buyers. This allows us to differentiate The Bouma Group in our market!
What iPhone APP's Work for You?
Be sure to comment and let the rest of us know what iPhone applications you use in your part of the world.
Until next time,
Martin
P.S. We empower Ann Arbor and greater Washtenaw County home buyers and sellers by educating them to the user-friendly technology tools at their disposal. Visit The Bouma Group Ann Arbor Real Estate Blog to learn more about how we are helping Ann Arbor consumers succeed.
Ann Arbor Ranks As Healthiest Home Town In America
AARP recently ranked the Top Healthiest Cities in America and it was no surprise to find Ann Arbor, MI at the top of their list. Ranked #1 Healthiest City to live and retire in, Ann Arbor continues to shine on a national level as one of the greenest, smartest and healthiest places to live. This national and exposure and distinctive honor should not be taken lightly. AARP Magazine chose cities offering the best opportunities in terms of educational resources, local economy, crime rates, quality of life and many other variables that put Ann Arbor right at the top of their list.
Visit The Bouma Group Blog to learn more about how Ann Arbor ranks on other Top National Lists.
The Bouma Group Leads The Local Real Estate Industry
The Ann Arbor Business Review recently featured The Bouma Group on the front page. Martin Bouma has continued to lead the local Ann Arbor Real Estate Industry as the Top Realtor, while many other agents are struggling to overcome a difficult market shift. According to BrokerMetrics, The Business Review reported that Martin Bouma sold 84 units, however The Bouma Group recently closed on it's 100th transaction and even leads in volume per Realtor with just over 23 Million Dollars in sales.
As over 85% of all home buyers begin their searches online, The Bouma Group has perfected it's target marketing techniques through numerous resources, including exclusive websites www.condohotline.com/annarbor and www.subdivisionhotline.com. Home buyers and sellers are hooked on these sites, as they provide access to the local Ann Arbor Multiple Listing Service and also feature a "one-stop shop" experience with site maps, association bylaws and floor plans. With an immediate response to online leads, a member of The Bouma Group responds within 30 seconds. These online inquires receive the same hands-on attention and the same level of service as walk in customers. To learn more about the #1 Realtor in The Ann Arbor Real Estate Market, click: Ann Arbor area Realtors 'working smarter," using technology in soft market.
Are you thinking about taking advantage of the current Ann Arbor Real Estate Market? Through our innovative website you have 24/7 access to the Ann Arbor MLS. To learn more about our services, including our FREE moving truck call (734) 761-3060.
Located in the heart of downtown Ann Arbor, Ashley Terrace Condominiums are architecturally distinctive and offer the very best in metropolitan living. Built by distinguished developer Joseph Freed and Associates, this high rise association offers 99 units including luxury penthouses. Spacious balconies give you a panoramic view of downtown Ann Arbor and Kerrytown.
To learn more about the location of Ashley Terrace, community amenities, and for an up to date market report on these popular downtown Ann Arbor condos, visit The Bouma Group Blog.
To preview more condominium listing and sold information, go to Ann Arbor's Condohotline. You will have access to the Ann Arbor MLS, color photographs, floor plans, site maps, Association Bylaws and much more! Or call The Bouma Group at (734) 761-3060 to meet with one of our excellent Buyers Agents!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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