$367,000 :: 1886 SNOWDEN CRT, Rochester Hills MI, 48306

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4 beds, 2 full, 1 part baths
Home size: 2,778 sq ft
Lot Size: 11,325 sq ft
Added: 03/24/17, Last Updated: 04/29/17
Property Type: 2 Story, Residential
MLS Number: 21274665
Community: Rochester Hills (63151)
Tract: OXFORD ESTATES
Status: Pending

Location! Location! Sought after Adams West subdivision. Spacious colonial tucked back in the subdivision on a cul-de-sac.~ The home backs a serene wooded commons area, yet is close to shopping and expressways.~ This builder’s model has many of the big-ticket items done for you.~ The custom kitchen (2012) has a large island, deep roll-out drawers, built-in pantry and granite counters.~ There are vaulted ceilings in the family room with 2 sets of doorwalls with access to the backyard.~ Five years ago, the home was painted, the basement was partially finished, new furnace and water heater and new first-floor bathroom. Additional features include the new roof as of 2014, driveway done in 2010 and textured walls/new doors/floors in the front office. Light over pool table is excluded.

Listed with Arterra Realty Michigan LLC


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$1,500 :: 3458 TREMONTE Circle N, Rochester MI, 48306

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2 beds, 2 full baths
Home size: 1,142 sq ft
Lot Size: 0 sq ft
Added: 04/29/17, Last Updated: 04/29/17
Property Type: Condo, Residential Rental
MLS Number: 217033842
Community: Oakland Twp
Tract: OAKMONTE AT SILVERCREEK CONDO
Status: Active

End unit has extra privacy, absolutely beautiful neutral hard to find 2 brs 2 full baths in Silvercreek condo complex, in Pristine condition, premium location deep in complex trees, nature preserve, pond, walking distance to Paint Creek trail, kitchen has white cabinets, wooden floor, Master bdrm w/ full ceramic bath, 2nd bdrm w/ wood floor and door wall to balcony, Large Great room w/ French door to balcony plush carpet Attached garage all appliances included long term lease preferred No pets complex has hot tub, tennis court, gazebo, club house also has exercise facilities. SORRY, NO PETS ALLOWED IN COMPLEX FOR TENANTS.

Listed with Max Broock, REALTORS®-Bloomfield Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$1,500 :: 3458 TREMONTE Circle N, Rochester MI, 48306

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2 beds, 2 full baths
Home size: 1,142 sq ft
Lot Size: 0 sq ft
Added: 04/29/17, Last Updated: 04/29/17
Property Type: Condo, Residential Rental
MLS Number: 217033842
Community: Oakland Twp
Tract: OAKMONTE AT SILVERCREEK CONDO
Status: Active

End unit has extra privacy, absolutely beautiful neutral hard to find 2 brs 2 full baths in Silvercreek condo complex, in Pristine condition, premium location deep in complex trees, nature preserve, pond, walking distance to Paint Creek trail, kitchen has white cabinets, wooden floor, Master bdrm w/ full ceramic bath, 2nd bdrm w/ wood floor and door wall to balcony, Large Great room w/ French door to balcony plush carpet Attached garage all appliances included long term lease preferred No pets complex has hot tub, tennis court, gazebo, club house also has exercise facilities. SORRY, NO PETS ALLOWED IN COMPLEX FOR TENANTS.

Listed with Max Broock, REALTORS®-Bloomfield Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$1,500 :: 3458 TREMONTE CIR N, Rochester MI, 48306

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2 beds, 2 full baths
Home size: 1,142 sq ft
Lot Size: 0 sq ft
Added: 04/29/17, Last Updated: 04/29/17
Property Type: Condo/Ranch 2nd Flr or Above, Residential
MLS Number: 21288595
Community: Rochester (63152)
Tract: OAKMONTE AT SILVERCREEK CONDO
Status: Active

End unit has extra privacy, absolutely beautiful neutral hard to find 2 brs 2 full baths in Silvercreek condo complex, in Pristine condition, premium location deep in complex trees, nature preserve, pond, walking distance to Paint Creek trail, kitchen has white cabinets, wooden floor, Master bdrm w/ full ceramic bath, 2nd bdrm w/ wood floor and door wall to balcony, Large Great room w/ French door to balcony plush carpet Attached garage all appliances included long term lease preferred No pets complex has hot tub, tennis court, gazebo, club house also has exercise facilities. SORRY, NO PETS ALLOWED IN COMPLEX FOR TENANTS.

Listed with Max Broock, REALTORS~-Bloomfield Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$1,500 :: 3458 TREMONTE CIR N, Rochester MI, 48306

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2 beds, 2 full baths
Home size: 1,142 sq ft
Lot Size: 0 sq ft
Added: 04/29/17, Last Updated: 04/29/17
Property Type: Condo/Ranch 2nd Flr or Above, Residential
MLS Number: 21288595
Community: Rochester (63152)
Tract: OAKMONTE AT SILVERCREEK CONDO
Status: Active

End unit has extra privacy, absolutely beautiful neutral hard to find 2 brs 2 full baths in Silvercreek condo complex, in Pristine condition, premium location deep in complex trees, nature preserve, pond, walking distance to Paint Creek trail, kitchen has white cabinets, wooden floor, Master bdrm w/ full ceramic bath, 2nd bdrm w/ wood floor and door wall to balcony, Large Great room w/ French door to balcony plush carpet Attached garage all appliances included long term lease preferred No pets complex has hot tub, tennis court, gazebo, club house also has exercise facilities. SORRY, NO PETS ALLOWED IN COMPLEX FOR TENANTS.

Listed with Max Broock, REALTORS~-Bloomfield Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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Home Inspections: Items That Aren’t Deal-Breakers

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

After making an offer on a home, you’ll enter into a contract. Part of that contract should always include getting a home inspection. It is recommended that any homebuyer make an offer to purchase contingent upon a home inspection. This allows you to withdraw your offer if there are any major issues discovered during an inspection.

More than likely, the home inspector will find problems that need to be fixed before closing. Major foundation issues and significant water damage are at the top of the list of signs to walk away from.

On the other hand, there are some home defects found during an inspection that don’t have to be deal-breakers. Many of them can be fixed, and they can be used to negotiate with the seller for a lower price point or additional help with the closing costs.

Lead-Based Paint
Lead-based paint was banned in 1978, but it’s still possible that you could purchase a home that contains it if it was built before the ban. The sellers should disclose this, but the home inspector may find it, as well.

Ultimately, it is up to you to decide how comfortable you are with purchasing a home that has lead-based paint, but it doesn’t have to be a deal-breaker. You can hire a contractor who is certified to remove lead-based paint, and the home will be completely safe.

Concrete Floor Cracks
Cracks in a concrete basement floor may seem like a structural problem, but this is natural and not indicative of significant damage. Small cracks occur in concrete because it’s a porous substance. These cracks can be fixed at a relatively low cost, and shouldn’t be a reason for you to back out of a contract.

What is something that’s cause for concern are cracks in concrete walls, as these may or may not be associated with the structure. If the wall has moved or if the cracks have a large opening, then these would be deal-breakers.

Mold
Mold is something that no one ever wants to see in a home you put an offer on, but a little bit of mold by the shower doesn’t mean you need to back out of your offer—at least not immediately.

If mold is found during the home inspection, have a qualified mold inspector take a look. Not all molds are toxic, but the safest way to determine if this is a deal-breaker is by hiring a mold professional.

Bug Infestations
Bug infestations can cause significant damage to the home’s structure if they aren’t exterminated quickly and efficiently. A home inspector may find signs of an infestation during an inspection, but how do you tell if it’s truly a deal-breaker?

The best way to know if there is pest damage to the home’s structure or foundation is to ask a qualified pest expert to do an additional inspection of the home. Someone who is a specialist will be able to tell you if the home just has a few bugs, or if you need to rescind your offer.

When problems arise during home inspections, it doesn’t always mean you have to back out of your contract. Home inspectors will often find problems outside of their scope of expertise, so always get a second opinion from a specialist before making a final decision. In many instances, these problems are opportunities to negotiate with the seller. You can request that the seller do the repairs, or ask for money to put towards repairs.

You can also ask the seller to include a home warranty on the home in the contract of sale, but it won’t repair the problems found in a home inspection contract. A home warranty is there to protect you from aging systems and appliances after you buy. Think of getting car insurance on a car that was just wrecked and then opening a claim—it wouldn’t work, because the insurance was put on after the damage happened. The same goes for a home warranty.

Whitney Bennett is the SEO specialist at a home warranty service provider headquartered in Utah.

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$559,000 :: 0000 Mill Race, Rochester Hills MI, 48306

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0 beds, 0 baths
Home size: 0 sq ft
Lot Size: 446,490 sq ft
Added: 06/29/16, Last Updated: 04/28/17
Property Type: Vacant Land
MLS Number: 216064555
Community: Rochester Hills
The price of this listing was last reduced on 10/13/2016 by 20%
Status: Sold

Over 10 acres for this beautiful parcel surrounded by woods, ravine and creek. Lot’s of possibility here. Bank owned, sold “as-is”.

Listed with Properties Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$280,000 :: 2880 TALLAHASSEE DR, Rochester Hills MI, 48306

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4 beds, 2 full, 1 part baths
Home size: 2,303 sq ft
Lot Size: 27,442 sq ft
Added: 04/01/17, Last Updated: 04/29/17
Property Type: Quad-Level, Residential
MLS Number: 21277949
Community: Rochester Hills (63151)
Tract: JUDSON PARK SUB NO 1
Status: Sold

WONDERFUL OPPORTUNITY TO OWN A HOME IN POPULAR JUDSON PARK! Mature landscaped yard on nearly 2/3 acre. Spacious Family Room with arched brick, gas fireplace, wet bar, heated ceramic floors, and Pella doorwall that leads to outdoor patio and charming fenced area. Master Bedroom with Bath and WIC as well as balcony overlooking the serene yard. Two additional spacious bedrooms upstairs as well as another in the lower level with doorwall. Lower level bedroom could also be used as a spa room. Updated flooring on main and upper level. 1st Floor Laundry/Mud room. 2+ car attached garage. Circular Driveway.Workout Room and loads of storage in the basement! Walk to the village of Rochester Hills, Adams High School, Van Hoosen Middle School and Oakland University. Easy access to I-75. This home is just waiting for your personal touch!

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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How to Get Rid of Private Mortgage Insurance

(TNS)—If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity.

Private mortgage insurance, called PMI for short, is expensive—but you can remove it after you have met some conditions.

You should know, however, that although you can cancel private mortgage insurance, you cannot cancel recent Federal Housing Administration insurance.

Canceling PMI Sooner
Here are steps you can take to cancel mortgage insurance sooner or strengthen your negotiating position:

  • Refinance: If your home value has increased enough, the new lender won’t require mortgage insurance.
  • Get a New Appraisal: Some lenders will consider a new appraisal instead of the original sales price or appraised value when deciding whether you meet the 20 percent equity threshold. An appraisal generally costs $300 to $500.
  • Prepay on Your Loan: Even $50 a month can mean a dramatic drop in your loan balance over time.
  • Remodel: Increase your home’s market value, then ask the lender to recalculate your loan-to-value ratio using the new value figure.

Refinancing to Get Out of PMI
When mortgage rates are near record lows, as they are now, refinancing can allow you not only to get rid of PMI but can also reduce your monthly interest payments. It’s a double whammy of savings.

The refinancing tactic works if your home has gained substantial value since the last time you got a mortgage. Let’s say you bought your house three years ago for $100,000, and you borrowed $90,000. That means you have a loan-to-value ratio of 90 percent, and you pay for PMI.

Three years later, you’ve made all your payments and you have chipped away at the loan balance. Now you owe $85,000, and your home’s value has gone up—now it can be appraised at $112,000. Its value has grown 4 percent a year.

At this point, you owe $85,000 on a $112,000 house. This means you owe 76 percent of the home’s value—well under the 80 percent loan-to-value that triggers the need for mortgage insurance. Under these circumstances, you can refinance into a new loan without having to pay for PMI.

Many loans have what’s called a seasoning requirement that requires you to wait at least two years before you can refinance to get rid of PMI. So if your loan is less than 2 years old, you can ask for a PMI-canceling refi, but you’re not guaranteed to get approval.

What Mortgage Insurance Is For
Mortgage insurance reimburses the lender if you default on your home loan. You, the borrower, pay the premiums. When sold by a company, it’s known as private mortgage insurance, or PMI. The Federal Housing Administration, a government agency, sells mortgage insurance, too.

Know Your Rights
By law, your lender must tell you at closing how many years and months it will take you to pay down your loan sufficiently to cancel mortgage insurance.

Mortgage servicers must give borrowers an annual statement that shows whom to call for information about canceling mortgage insurance.

Other Requirements to Cancel PMI
According to the Consumer Financial Protection Bureau, you have to meet certain requirements to remove PMI:

  • You must request PMI cancellation in writing.
  • You have to be current on your payments and have a good payment history.
  • You might have to prove that you don’t have any other liens on the home (for example, a home equity loan or home equity line of credit).
  • You might have to get an appraisal to demonstrate that your loan balance isn’t more than 80 percent of the home’s current value.

Higher-Risk Properties
|Lenders can impose stricter rules for high-risk borrowers. You may fall into this high-risk category if you have missed mortgage payments, so make sure your payments are up to date before asking your lender to drop mortgage insurance. Lenders may require a higher equity percentage if the property has been converted to rental use.

©2017 Bankrate.com

Distributed by Tribune Content Agency, LLC

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Homeowners Making Improvements Despite Political Uncertainties

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HomeAdvisor’s True Cost Report Infographic (PRNewsfoto/HomeAdvisor)

Homeowners are springing more for upgrades to their homes, despite unknowns that have the potential to impact their spending—a full 60 percent more than what they spent in 2016, according to a new report by HomeAdvisor.

“Home improvement activity is showing resilience in the face of political shifts,” says Brad Hunter, chief economist at HomeAdvisor. “While there is a sharp divide in how homeowners feel about the economy and the current presidential administration, that divide is not affecting their willingness to take on home projects.”

Thirty-five percent of the homeowners surveyed for the report, the 2017 True Cost Report, are confident the Trump Administration will put policies in place that will improve their finances—but 80 percent will carry out upgrades, anyway.

The report also found:

HomeAdvisor’s True Cost Report Infographic (PRNewsfoto/HomeAdvisor)

Source: HomeAdvisor

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