Local housing market is heating up…

Summer is officially upon us. Unofficially, Memorial Day marked the start of the start of summer and with it comes increased home sales. Our local market in the Upper Peninsula is heating up. There are more buyers than sellers currently, which puts us in a sellers market. The properties that are moving are going fast, sometimes the may go under contract in the same day. This means that if you are thinking about listing your home in the near future, now would be a great time. As a seller, anytime you can have more eyeballs in front of your property, the better it is. As a buyer, do your homework ahead of time (i.e. pre-approval, financing, etc) and when you’re ready to make an offer, it will be considered more seriously. Also, if you’ve been on the fence about listing your home, now would be a great time to jump in.

Memorial Day Weekend

For a large number of Americans, Memorial Day weekend is thought of as a relaxing 3 day weekend filled with parties, barbecues, trips and other fun activities. Memorial Day (Monday, May 27th this year) is actually a federal holiday we celebrate to remember the people who died while serving in our nation’s armed forces. Our freedom was not free and because of those who’ve paid the ultimate sacrifice with their life defending our nation, we are able to relax and enjoy this particular weekend each year. Thank you to all of the men and women who’ve served and sacrificed for our nation!

Searching for Good Bones

When looking for homes, there is something for everyone. Do you know what kind of property you’re searching for?. When our family looks for homes, we often look for “good bones”. What does this mean? It means a structurally sound. This includes the foundation of the structure. When you examine the home, are the updates that are needed structural or cosmetic. Structural needs could be seen as roofing, electrical wiring or plumbing and cosmetic needs could be thought of as undesirable flooring or paint color. Cosmetic repairs may be desired, but are not necessarily a top priority. By sorting information like this, we were able to narrow down our search and see the potential costs associated with each home we were considering.

Check out this link to learn more about the differences between structural and cosmetic fixes.

HE Appliance Rebates

Have you upgraded your appliances recently? If not, it may be worth thinking about, from a cost savings standpoint and from an efficiency standpoint as well. Last year, our family purchased a new washer and dryer set. With the deal we scored and high-efficiency rebates we received, we ended up getting a great set for the cost of the most basic washer and dryer combo. Now we have been able to enjoy lower water and electric bills. This is something to considering if you think an upgrade of an appliance is on the horizon.

Check out Michigan Energy Optimization to learn more about incentives currently available.