Real Estate Information

There is one last opportunity on Wednesday, February 3, 2010 from 6:00 – 9:00 p.m., to take the RPOA-REI detailed class on fighting inaccurate tax assessments.  The class will:

• Provide a detailed look at the property tax assessment process.
• Explain the assessment appeal process.
• Explain and provide examples of the paperwork necessary to file an appeal.
• Explain the methodology of determining a correct assessed value and proving it.
• Offer information on resources to help appeal your property tax assessments.

Also, Feb 12,2010 is the last day to file your property tax assesment appeal!! Don't throw away your money!! Take action now!!

Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value.

“It's all about family togetherness – casual living, entertaining and flexible spaces," says Carol Lavender, president of the Lavender Design Group in San Antonio.

Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes:

1. Large kitchens with islands
2. Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows.
3. Home offices
4. Main-floor master suite
5. Outdoor living space
6. Ceiling fans
7. Soaking tub in the master suite and/or an oversize shower with a seating area
8. Stone and brick exteriors rather than stucco or vinyl
9. Community walking paths and playgrounds
10. Two-car garages, but three-car garages are even more desirable

Source: Realtor Magazine

Cirque De Soleil is known for putting on wacky, zany and mysifying acrobatic shows. They are usually performed in large Metro areas such as Las Vegas, Chicago and NYC however, we who live in Grand Rapids are getting the chance to see one of the Cirque shows starting tonight (1/26) at DeVos Performance Hall. In Cirque Dreams Illumination city dwellers collect objects that are balanced beyond belief, linemen delicately walk wires, daredevils leap tall buildings and flyers redefine the risks of flight. Everyday occurrences are transformed into astounding feats performed by an international cast of acrobatic urbanites, flexible fanatics, world-class athletes, musicians and more. This action packed Cirque Dream is enhanced with over 100 inventive costumes and set in a fantastical cityscape of dimension and special effects. Cirque Dreams Illumination will surpass its "jaw dropping, family friendly spectacle" proclamation by the Los Angeles Times and exhilarate audiences of all ages. To get tickets visit www.broadwaygrandrapids.org.

According to Realtor Magazine there are 10 ways you can update your home for sale without breaking the bank. These ideas are all proven to make an impact on potential buyers without making a huge impact on your wallet. Check out the ideas below:

1. Tidy-Up Kitchen Cabinets-Potential buyers do typically open up cabinets and peek inside. An easy way to make them look better is by organizing with baskets or roll-out organizing trays.

2. Add or Replace Tile-By adding new tile inexpensively you can make a space look much brighter and cleaner than it was. Many stores offer tile for $1-$2 and under. This is an easy way to update bathrooms as well.

3. Add a Breakfast Bar-When a wall separates a family room from a kitchen, cutting out an opening to create a breakfast bar is a low cost upgrade that adds value to the home. This can be done for around $500.

4. Install Granite Tiles instead of a Granite Slab-Granite counter tops are an extremely hot commodity in the home buyer's market, but a granite slab can go for more than $3000. An easy alternative is installing granite tiles, which gives the feel of granite counter tops for around 1/10 of the cost!

5. Freshen Up a Bathroom-Add new light fixtures, updated hardware, a new medicine cabinet and re-grout existing tile. All of these are low-cost ways to improve and freshen up a bathroom.

6. Freshen up the Basement-Even if you don't have a finished basement, there are ways to freshen it up. If you have poured concrete walls, have a contractor fill the cracks with cement and paint with a waterproofing paint. After the waterproofing paint you can add a top coat to add color.  You can also paint the basement floor with a good floor paint.

7. Add a Room- Look for large spaces that can be enclosed to create a bedroom for just the cost of creating a wall. Adding rooms adds value.

8. Spruce up Cabinet Fronts-Recondition old wood cabinets or even paint them. Both of these are less expensive than re-facing or replacing.

9. Replace Light Fixtures-Replacing light fixtures is the easiest way to update a home.

10. Tech up the Garage- The easiest way is to replace the garage door opener with a remote touch-pad entry system.  The cost is low, but makes it look like you have a high-tech garage-opening system.

Click to visit my activerain blog and important staging tips for sale.

http://activerain.com/blogsview/1441858/a-staging-technique-that-neutralizes-those-personal-photos-no-more-distracted-buyers-

1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing.

2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your expectations. There’s no such thing as a perfect home. Use your list of priorities as a guide to evaluate each property.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and closing costs. Then, talk to a lender and get prequalified for a mortgage. This will save you the heartache later of falling in love with a house you can’t afford.

4. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion, but be ready to make the final decision on your own.

5. Decide your moving timeline. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area? All of these factors will help you determine when you should move.

6. Think long term. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a longer period? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that will best suit you.

7. Insist on a home inspection. If possible, get a warranty from the seller to cover defects for one year.

8. Get help from a REALTOR®. Hire a real estate professional who specializes in buyer representation. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. Buyer’s reps are usually paid out of the seller’s commission payment (free to the buyer, what a deal!).

There are 5 reasons why replacing the carpet in your home should be at the top of your to-do list when getting ready to sell. These reasons are listed below:

5) SMELL-You may be unaware of a smell because you're used to it, but these scents are usually very apparent when someone is walking in for the first time. Make your home smell new again. 

4) COMPETITION-With 1 buyer/10 homes on the market, they will always choose the home that demands no work or effort. Move-in condition is a HUGE selling point.

3)MONEY-Data shows that those who re-carpet are able to not only recover that cost, but actually make a profit from the project.

2)TIME-Homes that require buyers to paint or replace carpet sit on the market much longer than one that has been completely updated. If it's replaced up front, your home won't sit on the market.

1)The number one reason-again-is MONEY-Putting a little bit of money into prepping your home for sale will save you from buyers demanding a lower price for them to update!

Give your home a fighting chance to sell for the price it's worth in an extremely competitive market!

I just launched a New iPhone app for searching homes for sale in the Grand Rapids area on you iPhone. I have a blackberry app and android app under construction to be coming soon. The app is free visit www.markbrace.com for download instructions or click on the picture below to download through itunes.

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I'm really excited about this please let me know your feedback from searching for homes for sale

There has been some conflicting information on whether the current home has to be sold or not to get the $6,500 tax credit.  I have confirmed with a CPA that there are NO requirements on the disposition of the previous primary residence.  It must have been a primary residence during 5 of the last 8 years is all.  They can keep the property and still qualify for the $6,500 if they purchase another primary residence.