MARK HAGAN's Blog

FDIC-Owned Lochenheath Private Golf Community Lots. Sold for over $200,000 from developer.

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 15 Jun 2010 11:49:18 -0700

MLS#: 1717128

Listing Details:
Price: $24,200.00
MLS#: 1717128
Address: 7752 TURNBERRY CIRCLE
Williamsburg, 49690-
Bedrooms:
Bath:
Size: Sq. Ft.
Year Built:
School District: Traverse City

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Description:
Lochenheath lot available and priced for quick sale. Be a part of what was billed as the area's premiere private golf community. Development is currently reorganizing and lots are being priced accordingly, considerable less than what they sold for from developer.

Property Information:

Subdivision:	Lochenheath	LotDimensions:
Township:	Acme	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:	$2,000.00
Condo:		Acres:	0
LotNumber:	18	MainFloor Laundry:	No
Section:	26	Access:
Year Remodeled:
WaterFrontage:	1450

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	X			MasterBed	X
Dining	X			Bedroom	X
Kitchen	X			Bedroom	X
Family	X			Bedroom	X

Additional Information:

Style:	LotDescription:
Architecture:	Financing:
Garage:	Type:	Vacant Lot/Land
Basement:	Zoning:	,Planned Unit Development
Construction:	Heating/Cooling:
Roof:	Heating/CoolingType:
Baths:	Water/Waste:	,
Appliances:	Road:
Interior:	OutBuildings:
Exterior:	Possession:

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

FDIC-Owned Lochenheath Private Golf Community Lots. Sold for over $170,000 from developer.

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 15 Jun 2010 11:46:11 -0700

MLS#: 1717130

Listing Details:
Price: $4,950.00
MLS#: 1717130
Address: 7312 HIGHGROVE
Williamsburg, 49690-
Bedrooms:
Bath:
Size: Sq. Ft.
Year Built:
School District: Traverse City

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Property Information:

Subdivision:	Lochenheath	LotDimensions:
Township:	Acme	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:	$2,000.00
Condo:		Acres:	0
LotNumber:	124	MainFloor Laundry:	No
Section:	26	Access:
Year Remodeled:
WaterFrontage:	1450

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	X			MasterBed	X
Dining	X			Bedroom	X
Kitchen	X			Bedroom	X
Family	X			Bedroom	X

Additional Information:

Style:	LotDescription:
Architecture:	Financing:
Garage:	Type:	Vacant Lot/Land
Basement:	Zoning:	,Planned Unit Development
Construction:	Heating/Cooling:
Roof:	Heating/CoolingType:
Baths:	Water/Waste:	,
Appliances:	Road:
Interior:	OutBuildings:
Exterior:	Possession:

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

The Crown Golf Course Condominium

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 15 Jun 2010 11:24:25 -0700

MLS#: 1716552

Listing Details:
Price: $339,900.00
MLS#: 1716552
Address: 2725 E CROWN DR
Traverse City, 49684-
Bedrooms: 3
Bath: 2.5
Size: 2390 Sq. Ft.
Year Built: 1999
School District: Traverse City

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Description:
Well-maintained home on The Crown with views of the golf course from most rooms. This 3BR/2.5Bath home has an open floorplan with cathedral ceilings, gas fireplace, private master suite with walk in closets, multiple doorwalls leading to large wrap-around deck that overlooks the dramatic 4th fairway, and oversized 2 car garage. One of the area's most desirable public courses out your door, close to downtown Traverse City, and a short drive to many area lakes for recreation.

Property Information:

Subdivision:	The Crown	LotDimensions:
Township:	Garfield	County:	Grand Traverse
SpecialAssess:	Yes	AnnualAssn Fee:	$300.00
Condo:	No	Acres:	0.55
LotNumber:	25	MainFloor Laundry:	Yes
Section:	18	Access:	None
Year Remodeled:
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	25XCombo	Main Floor	Yes	MasterBed	15X13	Main Floor	Yes
Dining	ComboX17	Main Floor	No	Bedroom	15.5X12	Lower Floor	Yes
Kitchen	13X12	Main Floor	No	Bedroom	17X11	Lower Floor	Yes
Family	18X16	Lower Floor	Yes	Bedroom	X

Additional Information:

Style:	One Story	LotDescription:	Site Condo,Golf Course
Architecture:	Ranch,Contemporary	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA
Garage:	Two Car Garage,Attached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Full,Walkout,Egress Windows,Poured Concrete,Finished Rooms,Plumbed for Bath	Zoning:	Residential,Planned Unit Development,
Construction:	Vinyl Siding	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air,Central Air
Baths:	Private Master Bath,Shower Over Tub,Shower Stall	Water/Waste:	Municipal Wter,Municipal Sewer
Appliances:	Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Washer,Dryer	Road:	Private,Association,Paved
Interior:	Gas Fireplace,Skylights,Cathedral Ceilings,Cable TV Available,Built-In Bookcase,Foyer Entrance,Walk-In Closets,Library/Office,High Speed Internet,Island Kitchen,Mud Room	OutBuildings:	No Outbuildings
Exterior:	Underground Sprinkler Sys,Deck,Covered Porch,Patio,Sidewalk,Golf Course View	Possession:	Negotiable/Other

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Traverse City Bank-owned Home With A Large Pole Barn and over 2500 sq ft of Living Space

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Sun, 18 Apr 2010 16:11:25 -0700

MLS#: 1714583

Listing Details:
Price: $139,000.00
MLS#: 1714583
Address: 3917 ZIMMERMAN RD
Traverse City, 49684-
Bedrooms: 4
Bath: 2.2
Size: 2540 Sq. Ft.
Year Built: 1972
School District: Traverse City

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Description:
4BR Ranch Home on over an acre with a large pole barn close in to town. This home is in good condition and features many custom accents. Home has over 2500 sq ft of finished living space with a walk out lower level. Yard has been well-landscaped and has an oversized deck on the back of the home. Ready to close before the New HomeBuyer Tax Credit with a qualiified buyer.

Property Information:

Subdivision:	Metes & Bounds	LotDimensions:
Township:	Garfield	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	1.12
LotNumber:		MainFloor Laundry:	Yes
Section:	18	Access:	See Remarks
Year Remodeled:	2007
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	21X15	Main Floor	No	MasterBed	15.6X14	Main Floor	Yes
Dining	11.6X11	Main Floor	No	Bedroom	14X12	Main Floor	Yes
Kitchen	15X11	Main Floor	No	Bedroom	11X10	Main Floor	Yes
Family	28X23	Lower Floor	Yes	Bedroom	11.5X11	Lower Floor	Yes

Additional Information:

Style:	One Story	LotDescription:	Metes and Bounds
Architecture:	Ranch	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA
Garage:	Two Car Garage,Attached,Paved Driveway	Type:	Residential
Basement:	Full,Walkout,Block,Finished Rooms	Zoning:	Residential,
Construction:	Vinyl Siding	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air,Central Air
Baths:	Shower Over Tub	Water/Waste:	Private Well,Septic System
Appliances:	No Kitchen Appliances	Road:	County Maintained,Paved
Interior:	Cable TV Available,Foyer Entrance,High Speed Internet,Solid Surface Counters	OutBuildings:	Pole Barn(s)
Exterior:	Deck,Countryside View	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Historic Old Mission Peninsula Farmstead- Remodeled and ready for you to call home for your vineyard or horses

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 13 Apr 2010 12:53:06 -0700

MLS#: 1714144

Listing Details:
Price: $399,900.00
MLS#: 1714144
Address: 15208 PENINSULA DR
Traverse City, 49686-
Bedrooms: 3
Bath: 1
Size: 1794 Sq. Ft.
Year Built: 1904
School District: Traverse City

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Description:
Old Mission Peninsula farmstead. Remodeled 3BD/1BA farmhouse on 14.16 acres. New kitchen in '05 features stainless-steel appliances, hickory cabinets, ceramic-tile flooring & island with breakfast bar. Beadboard wainscot throughout the main level. New 14x8 main-floor laundry room with knotty pine ceiling in 2008. New roof and exterior siding in 2005. New small deck in 2007. New furnace in 2008. Outbuildings consist of a 2,268 sq ft detached garage, 300-sq-ft building, garden shed & barn.

Property Information:

Subdivision:	Metes & Bounds	LotDimensions:
Township:	Peninsula	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	14.16
LotNumber:		MainFloor Laundry:	Yes
Section:	15	Access:	None
Year Remodeled:	2008
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	18.00X17.00	Main Floor	Yes	MasterBed	16.00X10.00	Upper Floor	No
Dining	18.00Xcombo	Main Floor	No	Bedroom	16.00X08.00	Upper Floor	No
Kitchen	comboX18.00	Main Floor	No	Bedroom	16.00X13.00	Upper Floor	No
Family	X			Bedroom	X

Additional Information:

Style:	Two Story	LotDescription:	Metes and Bounds,Open Land,Acreage
Architecture:	Farm House	Financing:	Conventional Mortgage,Cash
Garage:	Three or More Car Garage,Detached	Type:	Residential
Basement:	Partial,Block,See Remarks	Zoning:	Agricultural,
Construction:	Wood	Heating/Cooling:	Oil
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air
Baths:	Shower Over Tub,Ceramic Tile	Water/Waste:	Private Well,Septic System
Appliances:	Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Water Softener,Washer,Dryer	Road:	County Maintained,Paved
Interior:	Hardwood Floors,Island Kitchen	OutBuildings:	Barn(s),Garden/Storage Shed
Exterior:	Deck,Covered Porch,Countryside View	Possession:	Negotiable/Other

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

West Side TC Home Ready For a First Time Buyer- Close in time for the tax credit

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 13 Apr 2010 11:42:50 -0700

MLS#: 1714346

Listing Details:
Price: $118,500.00
MLS#: 1714346
Address: 1010 S LONG LAKE RD
Interlochen, 48643-
Bedrooms: 2
Bath: 1
Size: 936 Sq. Ft.
Year Built: 1987
School District: Traverse City

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Description:
Newly remodeled home North of Interlochen, close to Traverse City. This 2BR/1Bath home has new carpeting throughout, a remodeled bathroom, new ceramic tile and custom fireplace hearth, and custom closet organizers. Seller can close fast to qualify for New HomeBuyer Tax Credit. Land Contract terms may be available to qualified buyer with 20% down payment. Located near several lakes with public access, miles of hiking, skiing, snowmobile, ATV trails, and Interlochen Center For the Arts and State Park.

Property Information:

Subdivision:	The Hedges	LotDimensions:
Township:	Green Lake	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	0.67
LotNumber:	1	MainFloor Laundry:	Yes
Section:	9	Access:	None,See Remarks
Year Remodeled:
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	16X12	Main Floor	Yes	MasterBed	23X12	Main Floor	Yes
Dining	16Xcombo	Main Floor	No	Bedroom	10X8	Main Floor	Yes
Kitchen	comboX12	Main Floor	No	Bedroom	X
Family	X			Bedroom	X

Additional Information:

Style:	One Story	LotDescription:	Subdivision,Wooded-Hardwoods,Wooded-Pines,Near State Land,Near Water Access
Architecture:	Ranch	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA,Owner Assist (L/C)
Garage:	Two Car Garage,Attached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Crawl Space	Zoning:	Residential,
Construction:	Vinyl Siding	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air
Baths:	Shower Over Tub,Ceramic Tile,See Remarks	Water/Waste:	Private Well,Septic System
Appliances:	Refrigerator,Oven/Range,Dishwasher	Road:	County Maintained,Paved
Interior:	Natural Fireplace,Cable TV Available,Walk-In Closets,High Speed Internet,Island Kitchen	OutBuildings:	No Outbuildings
Exterior:	Deck	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

In-town Home in Traverse City- Perfect for that first home

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 08 Apr 2010 08:52:05 -0700

MLS#: 1714047

Listing Details:
Price: $129,900.00
MLS#: 1714047
Address: 866 BOON ST
Traverse City, 49686-
Bedrooms: 3
Bath: 1
Size: 1506 Sq. Ft.
Year Built: 1971
School District: Traverse City

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Description:
Comfortable and welcoming 3-bedroom home in a convenient Traverse City location. Features of this well-maintained home include updated kitchen countertops, cabinetry, sink and flooring in 2009; custom tile backsplash; built-in curio shelving; bow window; full lower level with spacious family room and plenty of storage space; central air conditioning; humidifier; new exterior doors; large patio; storage shed; 24x24 garage, concrete driveway and an attractive yard with a variety of perennials, shrubs & trees.

Property Information:

Subdivision:	Arubutus Subd #2	LotDimensions:
Township:	Traverse City	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	0.22
LotNumber:	68	MainFloor Laundry:	No
Section:	3	Access:	None
Year Remodeled:	2009
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	15.00X11.00	Main Floor	Yes	MasterBed	13.07X09.06	Main Floor	Yes
Dining	12.08XCombo	Main Floor	No	Bedroom	10.00X09.00	Main Floor	Yes
Kitchen	ComboX12.03	Main Floor	No	Bedroom	10.00X08.04	Main Floor	Yes
Family	24.10X11.01	Lower Floor	Yes	Bedroom	09.07X09.02	Lower Floor	Yes

Additional Information:

Style:	One Story	LotDescription:	Subdivision
Architecture:	Bungalow	Financing:	Conventional Mortgage,Cash
Garage:	Two Car Garage,Detached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Full,Block,Daylight Windows,Finished Rooms	Zoning:	Residential,
Construction:	Vinyl Siding	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air,Central Air
Baths:	Shower Over Tub,Ceramic Tile	Water/Waste:	Municipal Wter,Municipal Sewer
Appliances:	Refrigerator,Oven/Range,Washer,Dryer,Humidifier	Road:	City/Village,Paved
Interior:	Cable TV Available,Bay Window,Library/Office,High Speed Internet	OutBuildings:	Garden/Storage Shed
Exterior:	Covered Porch,Patio,Sidewalk	Possession:	Negotiable/Other

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

West Grand Traverse Bay Waterfront Home-Large, deep lot with over 200' of waterfront

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 08 Apr 2010 08:46:22 -0700

MLS#: 1714117

Listing Details:
Price: $799,900.00
MLS#: 1714117
Address: 4049 S W BAY SHORE DR
Suttons Bay, 49682-
Bedrooms: 3
Bath: 2.5
Size: 4242 Sq. Ft.
Year Built: 1978
School District: Suttons Bay

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Description:
224' of private, sandy, West Bay frontage. Immaculately-maintained, 3BD/2.5BA home with open layout; floor-to-ceiling windows; Brazilian-cherry-inlay flooring; double-sided, gas f/p; extensive bathroom tiling; and full, finished lower level w/kitchenette, laundry, f/p and bar. Sprawling, perfectly landscaped yard with a variety of beautiful shade trees, a large waterside patio w/built-in grill and walkway to the sandy beach. Convenient to Traverse City and Leelanau County villages.

Property Information:

Subdivision:	Elm Knoll	LotDimensions:
Township:	Bingham	County:	Leelanau
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	1.43
LotNumber:	12&13	MainFloor Laundry:	Yes
Section:	15	Access:	Private Access-On Wtr Sd,Grand Traverse Bay,All Sports Lake,Sandy Beach,Sandy Shoreline/Bottom
Year Remodeled:	2000
WaterFrontage:	225

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	26.04X15.07	Main Floor	Yes	MasterBed	16.00X16.00	Main Floor	Yes
Dining	14.07X14.05	Main Floor	No	Bedroom	15.07X14.06	Main Floor	Yes
Kitchen	15.04X12.03	Main Floor	No	Bedroom	12.00X12.00	Main Floor	Yes
Family	62.06X31.06	Lower Floor	Yes	Bedroom	X

Additional Information:

Style:	One Story,In-Law Suite or Apartment	LotDescription:	Subdivision,Open Land,Wooded-Hardwoods,Wooded-Pines
Architecture:	Ranch	Financing:	Conventional Mortgage,Cash
Garage:	Three or More Car Garage,Attached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Full,Poured Concrete,Daylight Windows,Finished Rooms,See Remarks	Zoning:	Residential,
Construction:	Brick	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air
Baths:	Private Master Bath,Shower Over Tub,Shower Stall,Ceramic Tile	Water/Waste:	Private Well,Septic System
Appliances:	Refrigerator,Oven/Range,Dishwasher,Water Softener,Humidifier	Road:	County Maintained,Paved
Interior:	Natural Fireplace,Gas Fireplace,Free Standing Wood Stove,Cable TV Available,Built-In Bookcase,Foyer Entrance,Hardwood Floors,Wet Bar,Breakfast Nook	OutBuildings:	Garden/Storage Shed
Exterior:	View of the Bay,Private Dock,Underground Sprinkler Sys,Covered Porch,Patio,Sidewalk	Possession:	Negotiable/Other

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Leelanau County Acreage With Water Views- Great spot for an orchard, vineyard, hops, or grazing. Views of Lk MI, East Bay, & Northport Bay

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Wed, 07 Apr 2010 08:32:56 -0700

MLS#: 1710406

Listing Details:
Price: $826,000.00
MLS#: 1710406
Address: 10827 E PETERSON PARK RD
Northport, 49670-
Bedrooms: 4
Bath: 1
Size: 2164 Sq. Ft.
Year Built: 1892
School District: Northport

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Description:
As Leelanau County continues to be recognized as Michigan's "Napa Valley", properties like this offer a prime opportunity to take part in this popular enterprise. Beautiful 118-acre, original farmstead still works its 16 acres of apple/cherry orchards, but the remaining high rolling terrain carries potential for much more. As an added bonus, wide water views grace nearly the entire E boundary. Convenient to Lake MI access & shopping/dining in village. Farmhouse, barn, outbuildings & equipment included.

Property Information:

Subdivision:	Metes & Bounds	LotDimensions:
Township:	Leelanau	County:	Leelanau
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	118.61
LotNumber:		MainFloor Laundry:	Yes
Section:	28	Access:	None
Year Remodeled:	1960
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	17.5X13.3	Main Floor		MasterBed	11.5X11.3	Main Floor
Dining	15.0X13.2	Main Floor		Bedroom	16.8X15.0	Upper Floor
Kitchen	15.8X11.8	Main Floor		Bedroom	11.8X11.5	Upper Floor
Family	X			Bedroom	15.8X11.5	Upper Floor

Additional Information:

Style:	Two Story	LotDescription:	Metes and Bounds,Open Land,Wooded-Hardwoods,Wooded-Pines,Previously Farmed,Acreage,Near State Land,Near Water Access
Architecture:	Bungalow,See Remarks	Financing:	Conventional Mortgage,Cash,Owner Assist (L/C)
Garage:	Two Car Garage,Detached,See Remarks	Type:	Residential
Basement:	Partial	Zoning:	Agricultural,
Construction:	Wood	Heating/Cooling:	Propane Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air
Baths:	Shower Stall	Water/Waste:	Private Well,Septic System
Appliances:	Refrigerator,Oven/Range,Washer,Dryer,Satellite Dish	Road:	County Maintained,Paved
Interior:	Foyer Entrance,Fixer-Upper/Repairs	OutBuildings:	Barn(s),Pole Barn(s),Garden/Storage Shed,See Remarks
Exterior:	View of the Bay,Covered Porch,Countryside View,Fixer-Upper/Repairs	Possession:	Negotiable/Other

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Bank-approved Short Sale- Custom Biult 4BR Traverse City home in a wooded setting

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 06 Apr 2010 08:15:13 -0700

MLS#: 1706003

Listing Details:
Price: $161,000.00
MLS#: 1706003
Address: 2309 KENONA WOODS DR
Traverse City, 49686-
Bedrooms: 4
Bath: 2
Size: 1743 Sq. Ft.
Year Built: 1994
School District: Traverse City

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Description:
Custom-built, one-owner 4BR/2Bath home located on a 1+ acre lot within walking distance to Arbutus Lake's fishing, boating, and walking trails. Vaulted ceilings w/ large windows and double doorwalls highlight the view of the forested lot and lead out to the elevated deck. The island kitchen and open floorplan are great for entertaining guests. 2 Car attached garage and partially finished walkout lower level provide plenty of storage and room to grow. Close to Traverse City, yet nestled in the woods.

Property Information:

Subdivision:	Kenona Woods	LotDimensions:
Township:	East Bay	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	1.11
LotNumber:	12	MainFloor Laundry:	Yes
Section:	4	Access:	See Remarks
Year Remodeled:
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	21X12	Main Floor	Yes	MasterBed	13X12	Main Floor	Yes
Dining	19XCombo	Main Floor	Yes	Bedroom	14X12	Upper Floor	Yes
Kitchen	ComboX13	Main Floor	No	Bedroom	11X9	Main Floor	Yes
Family	X			Bedroom	14X11	Lower Floor	Yes

Additional Information:

Style:	1 1/2 Story	LotDescription:	Subdivision,Wooded-Hardwoods,Near State Land,Near Water Access
Architecture:	Chalet	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA
Garage:	Two Car Garage,Attached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Full,Walkout,Egress Windows,Poured Concrete,Finished Rooms	Zoning:	Residential,
Construction:	Wood	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air,Central Air
Baths:	Shower Over Tub	Water/Waste:	Private Well,Septic System
Appliances:	Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Washer,Dryer,Central Vacuum	Road:	County Maintained,Paved
Interior:	Cathedral Ceilings,Cable TV Available,Foyer Entrance,Pantry,High Speed Internet,Island Kitchen,Laminate Flooring	OutBuildings:	No Outbuildings
Exterior:	Deck,Covered Porch,Countryside View	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Old Mission Peninsula 5BR Bank-owned home- Views and frontage on East Bay

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 06 Apr 2010 08:08:18 -0700

MLS#: 1711861

Listing Details:
Price: $259,900.00
MLS#: 1711861
Address: 16642 WHISPERING PINES TRL
Traverse City, 49686-
Bedrooms: 5
Bath: 3
Size: 2186 Sq. Ft.
Year Built: 1998
School District: Traverse City

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Description:
Spacious 5BR home with walkout lower level on Old Mission Peninsula. Enjoy sunny East Bay views from the deck and over 200' of shared access with this newer ranch home. Main level features Master Bed Room Suite w/ walk in closet, open living space w/ a wall of windows & gas fireplace, and separate laundry room. Home also features a high efficiency 90+ furnace to conserve energy. Located across the street from 2 Lads Winery and up the road from Chateau Chantal.

Property Information:

Subdivision:	Wrightwood Terrace	LotDimensions:
Township:	Peninsula	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:	$100.00
Condo:	No	Acres:	0.75
LotNumber:	21	MainFloor Laundry:	Yes
Section:	11	Access:	Shared Access,Lake Michigan,Grand Traverse Bay,All Sports Lake,Sandy Beach,Sandy Shoreline/Bottom,Gradual Slope to Water
Year Remodeled:
WaterFrontage:	209

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	21X15	Main Floor	Yes	MasterBed	15X14	Main Floor	Yes
Dining	13X11	Main Floor	No	Bedroom	12X11	Main Floor	Yes
Kitchen	21X15	Main Floor	No	Bedroom	11X11	Main Floor	Yes
Family	X			Bedroom	12X11	Main Floor	Yes

Additional Information:

Style:	One Story	LotDescription:	Subdivision,Cul-de-Sac
Architecture:	Ranch	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA
Garage:	Two Car Garage,Attached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	Full,Walkout,Egress Windows,Block,Finished Rooms,Plumbed for Bath	Zoning:	Residential,
Construction:	Vinyl Siding	Heating/Cooling:	Propane Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air
Baths:	Private Master Bath,Shower Over Tub,Shower Stall,Garden Tub	Water/Waste:	Private Well,Septic System
Appliances:	No Kitchen Appliances	Road:	County Maintained,Paved
Interior:	Gas Fireplace,Cathedral Ceilings,Cable TV Available,Foyer Entrance,Walk-In Closets,Hardwood Floors,Breakfast Nook,High Speed Internet,Mud Room	OutBuildings:	Garden/Storage Shed
Exterior:	View of the Bay,Deck,Covered Porch,Sidewalk	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Bank-owned Condo in Traverse City- Stop paying for hotel rooms and make this cheap condo your Northern Michigan base camp

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Mon, 05 Apr 2010 09:40:18 -0700

MLS#: 1712284

Listing Details:
Price: $71,000.00
MLS#: 1712284
Address: 5275 GRAY RD
Traverse City, 49684-
Bedrooms: 2
Bath: 1
Size: 899 Sq. Ft.
Year Built: 1991
School District: Traverse City

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Description:
Neat and tidy 2BR/1Bath condo in Country Eden. Floorplan has well-sized rooms, main floor laundry, and dining room/kitchen combo. Well-maintained home. Features a patio overlooking the 8+ acre condo setting and an oversized 2 car garage. Convenient location close to Traverse City, Grand Traverse Commons, West GT Bay, and all that Leelanau County has to offer. Why get a hotel room, when you can buy this affordable condo.

Property Information:

Subdivision:	Country Eden	LotDimensions:
Township:	Long Lake	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:	$2,820.00
Condo:	Yes	Acres:	0
LotNumber:		MainFloor Laundry:	Yes
Section:	1	Access:	None
Year Remodeled:
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	18X12	Main Floor	Yes	MasterBed	13X12	Main Floor	Yes
Dining	ComboX10	Main Floor	No	Bedroom	11X11	Main Floor	Yes
Kitchen	18XCombo	Main Floor	No	Bedroom	X
Family	X			Bedroom	X

Additional Information:

Style:	One Story	LotDescription:	Condo/None
Architecture:	Ranch	Financing:	Conventional Mortgage,Cash,FHA,MSHDA,Rural Development,VA
Garage:	Two Car Garage,Detached,Auto Garage Door Opener,Paved Driveway	Type:	Residential
Basement:	No Basement	Zoning:	Residential,
Construction:	Vinyl Siding	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Hot Water,Baseboard
Baths:	Shower Over Tub	Water/Waste:	Shared Well,Septic System
Appliances:	No Kitchen Appliances	Road:	Private,Association,Paved
Interior:	Cable TV Available,Pantry,High Speed Internet,Laminate Flooring	OutBuildings:	No Outbuildings
Exterior:	Patio,Sidewalk,Countryside View	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Short-sale Investment Opportunity- Hotel, Commercial Building, & Multi-family Units on high traffic road in Grayling, MI

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Mon, 05 Apr 2010 09:34:24 -0700

Call Mark Hagan Today at (231) 922-2396!

MLS#: 1707871

	Listing Details: Price: $500,000.00 MLS#: 1707871 Address: 615 S I-75 BUSINESS LOOP Grayling, 49738- School District: No View Marketing Package Click Here to request more information.

Description:
Investment/development opportunity located directly across from the Grayling Airfield on I75 Business Loop. Be in a prime spot as the Grayling Nat. Guard Base continues expansion. Property has a 24 unit motel, 2BR home, 2BR apt, 1700sq ft commercial building, and four 900-square-foot, 2BR/1BA apartments. Property is 5.6 acres and features a diverse mix of uses and opportunites. Contact listing agent for complete details.

Property Information:

Subdivision:	METES & BOUNDS	School District:	No
Township:	Grayling	County:	Crawford
Taxes: Special Assess:	No
Condo: Annual Assn Fee:
Lot Number:		Section:	6
Acres:	5.6	Lot Dimensions:
Water Frontage:		Access:

Additional Information:

Type:	Hotel/Motel,Service,Business Opportunity	Zoning:	Commercial,Industrial,Motel/Hotel
Construction:	Alumininum Siding,Vinyl Siding	Roof:	Asphalt Shingle
Floor Type:	Vinyl/Vinyl Tile,Carpet,Other	Location:	Freestanding
Road Frontage:	County Maintained,State Highway,Paved	Basement:
Heating/Cooling Source:	Natural Gas,Electric,Mutiple Units	Heating/Cooling Type:	Forced Air,Hot Water/Steam,Baseboard,Central Air
Water/Waste:	Private Well,Septic System	Extras:	Phone System,Furniture/Fixtures,Additional Buildings
Licenses:	None	Full-Time Employees:

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Waterfront Development Parcel on Traverse City's Silver Lake- 45 Sites w/ Waterfront!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Mon, 05 Apr 2010 09:10:24 -0700

MLS#: 1711675

Listing Details:
Price: $2,950,000.00
MLS#: 1711675
Address: W SILVER LAKE RD S
Traverse City, 49684-
Bedrooms:
Bath:
Size: Sq. Ft.
Year Built:
School District: Traverse City

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Description:
Prime development acreage consisting of 40.74 acres, both open and partly wooded, 1728 feet of private Silver Lake frontage, 1093 feet of direct Silver Lake Road frontage, suitable topography and only 6 miles to downtown Traverse City. Projected site plan allows for 16 private waterfront lots and an additional 29 shared frontage lots. Sandy frontage, free of vegetation, and sunrise views add to the appeal of this one-of-a-kind parcel.

Property Information:

Subdivision:	Metes & Bounds	LotDimensions:
Township:	Blair	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:		Acres:	40.74
LotNumber:		MainFloor Laundry:	Yes
Section:	6	Access:
Year Remodeled:
WaterFrontage:	1728

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	X			MasterBed	X
Dining	X			Bedroom	X
Kitchen	X			Bedroom	X
Family	X			Bedroom	X

Additional Information:

Style:	LotDescription:
Architecture:	Financing:
Garage:	Type:	Vacant Lot/Land
Basement:	Zoning:	,Residential
Construction:	Heating/Cooling:
Roof:	Heating/CoolingType:
Baths:	Water/Waste:	,
Appliances:	Road:
Interior:	OutBuildings:
Exterior:	Possession:

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

Dramatic Remodeled Victorian in Traverse City's Historical Neighborhood

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Mon, 05 Apr 2010 08:54:01 -0700

MLS#: 1708076

Listing Details:
Price: $2,700,000.00
MLS#: 1708076
Address: 528 SIXTH ST
Traverse City, 49684-
Bedrooms: 6
Bath: 5.5
Size: 6906 Sq. Ft.
Year Built: 1921
School District: Traverse City

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Description:
Traverse City's most exclusive Central Neighborhood location. Completely-renovated 3-story home featuring 6BD/5.5BA; 4 gas fireplaces; hardwood floors; formal dining room; window seats; floor-to-ceiling bookshelves & cabinetry; butler's pantry; oversized elevator; 3rd-floor master suite w/arched ceilings, sitting room, sun room & skylights; mother-in-law suite w/kitchenette; 2nd-floor 31x18 bonus room; large wrap-around porch; multi-level decks; hot tub; u/g irrigation; 3-car garage and so much more.

Property Information:

Subdivision:	Hannah Lay 6th Add	LotDimensions:
Township:	Traverse City	County:	Grand Traverse
SpecialAssess:	No	AnnualAssn Fee:
Condo:	No	Acres:	0.19
LotNumber:	35-36	MainFloor Laundry:	Yes
Section:	4	Access:	None
Year Remodeled:	2003
WaterFrontage:

Room Information:

Room	Dimensions	Level	Carpet		Room	Dimensions	Level	Carpet
Living	26.03X10.07	Main Floor	No	MasterBed	17.07X15.03	Upper Floor	Yes
Dining	26.08X11.10	Main Floor	No	Bedroom	17.00X12.01	Upper Floor	Yes
Kitchen	17.04X12.09	Main Floor	No	Bedroom	17.00X11.03	Upper Floor	Yes
Family	20.08X20.05	Main Floor	No	Bedroom	13.00X12.02	Upper Floor	Yes

Additional Information:

Style:	Other,See Remarks	LotDescription:	Subdivision
Architecture:	Victorian	Financing:	Conventional Mortgage,Cash
Garage:	Three or More Car Garage,Detached,Auto Garage Door Opener,Alley Entrance	Type:	Residential
Basement:	Full,Block,Poured Concrete,Daylight Windows,See Remarks	Zoning:	Residential,
Construction:	Stone,Wood	Heating/Cooling:	Natural Gas
Roof:	Asphalt Shingle	Heating/CoolingType:	Forced Air,Hot Water
Baths:	Private Master Bath,Shower Over Tub,Shower Stall,Whirlpool,Ceramic Tile,Marble	Water/Waste:	Municipal Wter,Municipal Sewer
Appliances:	Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Trash Compactor,Humidifier	Road:	City/Village,Paved
Interior:	Gas Fireplace,Skylights,Cathedral Ceilings,Cable TV Available,Built-In Bookcase,Foyer Entrance,Walk-In Closets,Hardwood Floors,Wet Bar,Library/Office,High Speed Internet,Mud Room,See Remarks	OutBuildings:	No Outbuildings
Exterior:	Underground Sprinkler Sys,Deck,Multi-Level Decking,Covered Porch,Sidewalk,Fenced Yard	Possession:	At Closing

Courtesy of:
COLDWELL BANKER SCHMIDT-402
402 E Front Street Traverse City

No Rain, but it's Raining Buyers!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Wed, 31 Mar 2010 13:10:18 -0700

On the last day of March 2010, I looked back and have noticed that it hasn't rained at all here in Traverse City this month. I haven't had a moment to notice this because we have been so busy with buyer leads that I have no time to watch my trusty friend The Weather Channel. In talking with other agents in other markets, I have heard that most other markets are not expereincing these same results. We have several amenities here in TC that other markets don't have and I have to believe that's what is bringing people to our market. We have beautiful bays and waterfront properties, miles of recreational trails of all sorts and the homes on acreage and with pole buildings to store the toys in, and beautiful historic Victorians in a downtown that hosts the National Cherry Festival, The Traverse City Film Festival, among other festivals.

So what does your market have to offer that makes it unique and most importantly, is making your phone ring with buyers? Comment below and let's let people out in the ActiveRain worl know about some other hidden gems like Traverse City, Michigan.

Steven Terry- Mark Hagan and Associates

Traverse City Real Estate Here

Thank You Vegas!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 28 Jan 2010 09:24:26 -0800

Michigan: the cold, barren January tundra that cools the real estate market after gains in the 4th quarter of last year. Well, the city that most people associate Michigan is of course, Detroit. What was Detroit known for? Crime and homocide in the past. More recently, we have been the poster child for the foreclosure fallout. Well Detroit, someone outdid you. Las Vegas now leads the nation as the city with the most foreclosures. Not something we are envious of.

The market in Las Vegas had explosive growth in the height of the market in the lead up to the banking crash. Investors were highly speculative gobbling up land for new homes and flipping existing homes, driving values through the stratosphere. What goes up, must come down. It's my experience that the steeper the curve is on the way up, the steeper the fall. We have expereinced more gradual increases here in the Midwest and our decline was similar... slow and steady.

So, Las Vegas... what are you doing to right the ship? How are these REO's being handled? What new systems and techniques are NV agents seeing that are effective? I'd love to hear from local agents with their boots on the ground.

Steven Terry- Mark Hagan and Associates

Looking for a Northern Michigan Realtor?

Holiday Lull

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 15 Dec 2009 08:47:32 -0800

In a market that has snow as a seasonal feature, you can almost predict when the Holiday Lull is about to happen. You turn on the news and the weatherman says Winter Storm Warning or Lake Effect Snow expected... moments later the fluffy, white stuff is cascading down to the ground, snow plows are slamming your signs with mounds of snow, and then the unthinkable happens: the phone stops ringing!

This year has been fairly similar. We made it strong through Firearm Deer Hunting Season (yes, this event slows us down and even makes agents non-existent for 2 weeks), Thanksgiving, and Black Friday. We now have over a foot of snow on the ground with no end in sight and yes, the calls have slowed down. The redeeming quality is that the number of agents in the office also is way down. I find that when I can bring myself into the office during the Holidays, I may not get the normal volume of calls, but the ones that I get seem to be serious buyers. I mean, what "tire kicker" is going to trudge through 16" of cold, wet snow to see a smelly, moldy bank-owned home if they're not actually interested in buying something soon?!

I write this a day after traveling through a blizzard some 30 miles each way to show a $12,900 single-wide at the end of a private, unplowed road. On the way out, my truck got stuck and the subject property was a disaster. The silver lining here is that the new buyer I picked up is ready to buy a nice home for his daughter and has a very large family in the area that will likely lead to some referral activity in the future. Was it worth it? ...yep.

The Holiday Lull is something we have invented as agents. It gives us an excuse to sit home, rather than going into the office (I say this as I am looking out the window at beautiful snow coming down in my back yard and I am waiting for new Nordic skis to arrive so I can put some more miles in today). The important point here is that the business is still there for those who want it. Set the alarm, get out of bed, maybe think about shaving, and get yourself into your office and on a phone... you will be surprized how many good contacts you can make. Who knows you may even be lucky enough to get a call about a $12,900 single-wide that you get the opportunity to show. I wish you luck! (today I will likely be playing in the snow, so you can have my share of the calls also)

Steven Terry- Mark Hagan and Associates

Nothern Michigan Properties Found Here!

Black Friday 2009 is in The Books

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Sat, 28 Nov 2009 09:58:21 -0800

Thanksgiving has passed and so has the biggest shopping day of the year. Black Friday 2009 seems to have been a hit, based on early feedback from retailers. Online payment processor, PayPal reported that about 25% more money was moved around on Thursday in preparation for Friday shopping, as compared to last year. Will the retail enthusiasm continue through Christmas? Only time will tell.

We have seen plenty of ads for great deals on everything from TVs to toothbrushes from retailers. I am curious to see what kind of deals are out there in your local housing markets. It's no secret that homes in some markets have hit nearly wholesale pricing. In my local market, my clients have been astounded as to what they can buy for their money and with tax credits and low interest rates, it seems to only sweeten the pot. What is the best Black Friday Deal you have in your market. Share the rock-bottom best value for a home that you have seen. It will be interesting to see the pricing in different markets nationwide.

Steven Terry- Mark Hagan and Associates

Michigan Homes for Cheap!

MidWest Real Estate: Back in Business!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Tue, 24 Nov 2009 10:04:57 -0800

The bread and butter of america can be found in our counrty's MidWest. When you think of manufacturing and agriculture in the USA, you're talking about the states from Michigan, Illinois, and Indiana to places in Kansas, Iowa, and Nebraska. While the unemployment rate in these states is averaging nearly 10%, these hard-working people have stepped up to buy homes.

A few examples of what we have left of blue collar workers doing some business in the housing industry include growth in Des Moines, Iowa. Higher prices in Cleveland, Ohio. Even Detroit, Michigan is making some much needed progress. Here's the details from NAR on these improving markets.

Des Moines, Iowa. For this MidWestern town an increase of 39% in the number of sales from 1 year ago. The median price is down (as is true in most US markets) by 5%, but still come in at about $144,000. Local experts attribute a fair amount of this increase to the success of the New Homebuyer Tax Credit that now has been extended to next Spring. In a state that seems to only get the national spotlight every 4 years when we have an election caucus in it's backyard, it is great to see this increase!

Cleveland, Ohio. LeBron James is the biggest news to come out of Cleveland in recent years. With high unemployment numbers and even higher hopes for a revitalized downtown, Cleveland has been a tough market. Having said that, Cleveland leads the region in sales price increases. The median sales price saw a 15% jump year-over-year in the housing market. Signs that people may even be relocating to this midwestern city include more interest in higher-priced homes. With Lebron's contract coming up in 2010, maybe a revitalized housing market will keep him in his Cavalier home.

Detroit, Michigan. Well, they had a good thing going that Henry Ford started. Now we have seen that good thing built of steel and nuts & bolts and assembled by some of the world's finest workers for drivers all over the USA, pick up and leave town. We have just the rust left over from much of the prosperity enjoyed in the first half of this century. Toss in some nasty race riots that are still physically visible 40 years later in the form of burnt out buildings and a fair share of homicides and you have a market collapse. So what's new in "The D"... The Detroit market saw its median sale price rise 6 percent to $69,000, the first year-over-year increase in more than a year. Sales, meanwhile, increased 8 percent. Wow; $69,000 median home sale price and we are thrilled. Detroiters have learned to set the bar pretty low at this point, but progress is progress. On a side note, Detroit's cousin to the West, Chicago has the largest price decline in the region of 15%.

A call to action, yes. Take time to be with the family this Holiday Season. Come January 1st, go out and talk to a friend about the new home they just bought. Watch for the new excitement they have. If your an industry professional, call that nice couple that's been "on the fence" waiting out the market and get them excited about home ownership. Call that newly single person that wasn't sure if they could qualify for a $0 down loan. Talk with that vet that's back from the Middle East and ready to get into a home and settle down. Make it happen!

Steven Terry- Mark Hagan and Associates

Find Northern Michigan Homes Here

Michigan Housing Markets Ready to Rebound?!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Fri, 13 Nov 2009 11:05:53 -0800

Traverse City, Michigan?! Most have not heard of the local market that I do my business in and live. We have began to get some media coverage as consistently being a top destination for those in the retirement mode. With low median housing costs and a great upside with regard to qulity of life, Northwest Michigan has been largely unaffected by the housing crisis that has plagued most of the rest of the state and the nation. Truth be told, we are seeing about a 25% home value correction from the boom of 2003-2006. Some of our rural areas have seen a correction of about 40% in value from the same market. These numbers still have to be much lower than states like California, Florida, and Nevada that have seen much largrer corrections in their markets.

On the other hand, most of Michigan is not as fortunate as we are in our resort town. Former boomtowns like Detroit, Lansing, Warren, Grand Rapids, Kalamazoo, and Flint have faced catastrophic levels of decrease when it comes to home values. Increased forclosure and unemployment rates have haulted many markets. For many in Michigan the past few years have been a "perfect storm" of negative economic data, bank failures, job loss, increasing energy costs, and insufficient healthcare coverage... not a pretty picture.

Now the good news about the rest of Michigan. According to folks at MSN.com and USNews.com, Lansing and Warren have made it on to their list of "10 Hard Hit Housing Markets Ready to Rebound". They say that Lansing, the State Capital, has faced a drop of 28% in value from peak through the 1Q of 2009. They are projecting that values will rise by 15% by 1Q 2014. Warren, MI is the 3rd largest city in the state behind Detroit and Grand Rapids. Prices in Warren have dipped 37% from their peak through Q1 2009. The projections for Warren are an increase of 21% through Q1 of 2014. Then there's Detroit... what to say there. You can buy a house for less than the price of a car in the Motor City. The upshot here is that prices cannot go below construction value and in a market that has lost 72% in value since 2000, Detroit has had an increase of 1.9% in last month according to S&P Home Price Composite Index. Houston, we have reached the bottom of the bottom and we're ready for liftoff!

Has the New Homebuyer Tax Credit helped this... Yes. Will extending the Tax Credit to 2010 continue to help... Yes. Is the DJI being above 10,000 helping... Yes. How are these factors affecting you local market that most of us has never heard of? What are you doing to stimulate business to take advantage of some good news? We'd love to hear about other local markets ready to rebound!

Steven Terry- Mark Hagan and Associates

Your Nothern Michigan Real Estate Experts

Huntington Short Sale

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 29 Oct 2009 21:15:47 -0700

Short Sales... most professionals have mixed feelings at best.

In a period of 109 days we listed, got an approval on the short sale, and closed the deal. I have to say that some of the stories and info on ActiveRain regarding short sales has become the norm... long delays, no communication, frustration. Which at many times is the norm with any distressed sale. This recent transaction with Huntington went wonderfully though!

The seller came to us from a lead on ActiveRain. They had everything in order regarding their info, proper forms, and a contact at the bank. They were truly a joy to work with. The other agent in the transaction prepped the buyer well and the new home owner was very patient and easy to work with.

It looks as though we may have other short sale opportunites with Huntington in the near future and I look forward to more smoothe transactions.

Are there any other banks you've dealt with that have been swift, pleasant, and get the deal closed?

Steven Terry- Mark Hagan & Associates

Find help with Short Sales here!

The DOW at 10,000, how has it impacted interest rates?

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 15 Oct 2009 20:44:46 -0700

Well, at 1:21pm yesterday, the Dow reached 10,000 for the first time since October 7th of last year. What a long year it has been for so many in our industry.

I remember the day back in 1999 on March 3rd when the market first reached that mark of 10,000. It was almost a new horizon for the folks in the financial business. Reaching the mark this time seems to signal that the confidence we are seeing in our local market is being seen nationally.

After taking a look at local lending institutions, I found that even with the gains being made on the Dow, interest rates were being held to under 6% average for 30-yr fixed rate mortgages according to a survey from FreddieMac. With these rates staying this low for several weeks, it has really spurred activity in my local market.

Since I am not a lender, I am curious what industry professionals have to say about the short-term future of interest rates, assuming the Dow maintains the 10,000 level throughout the 4th quarter of 2009.

Steven Terry- Mark Hagan and Associates

Foreclosures in Northern Michigan?

OneWest/IndyMac Bank Short Sale During Redemption Period

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 16 Jul 2009 10:52:04 -0700

Hello...

What a changing climate we have to try to conduct business in. I have worked several short sales with banks such as Countrywide, Huntington, HSBC, and others. I have a client with a short sale with OneWest/IndyMac. The condo has been on the market for almost a year and is now listed at under $80k. The seller owes over $101k and we have had no activity on the property. We now have an offer also under $80k and have submitted the packet to OneWest. The sheriff's sale happened in March and we have a 6 month redemption period here in MI. I am not sure that OneWest/IMB knows this because they have made a back HOA fee payment already. The seller called the bank and was informed that the packet had not gone to review because the "sell" had already happened. The rep on the phone was not terribly helpful and said to call back next weeke and that she would request a review. Seems very strange that if a property was on the market under $80k with no activity that the bank would think that they would have a chance to collect their $100k+ on the market after going through the time and cost of the foreclosure. It seems as though these irrational decisions have become par for the course. Anyone have any experience or thoughts here?

Steven Terry- Mark Hagan and Associates

The Obama Bounce?!

MARK HAGAN (Coldwell Banker Schmidt Realtors) — Thu, 22 Jan 2009 14:38:03 -0800

Hello...

We have made it past the Inauguration Day of the newest edition to the long list of citizens who have been elected to the position of President of the USA. No matter who you voted for in this election, most folks in our industry are carefully watching what we as a country are going to do differently to jumpstart our sluggish economy. On Inauguration Day, we saw the market dip about 300 points... not the effect anyone wanted to see. On Day 1 we saw the market gain what it lost and then some. Day 2, as I am writing, the market seems to be pretty steady. So, is there an Obama Bounce happening? Not sure...

One thing I know is that our local Northern Michigan market is doing quite well. I have continued to have buyers contacting me, looking at homes, and most importantly... writing offers! So, is this the Obama Bounce? I think its just the combination of several factors playing themselves out and Americans putting one foot in front of the other and getting back to basics to keep America strong. Whatever it is, whoever you voted for, keep the optimism up and make sure to share your successes, rather than your failures, with your clients and coworkers in your local market. Call it what you want, but I think really its the American Bounce!

Steven Terry- Mark Hagan & Associates

Homes in Northern Michigan