Tuesday, November 1, 2022

Official Winner of the Best Pizza in the area!

 Top 5 Area Pizza's according to Cathy & Jim:

5. Langel's thin crust.

4.  Doreen's thin crust.

3.  Sanfratello's thin crust.

2.  Arrenello's

1.  Lou Malnati's deep dish.

 Question: Have you had any haunted experiences showing vacant homes?


Answer: A colleague of mine told us this story of what happened to him earlier in his career. He was doing an open house in a vacant home built in the 1940’s. The previous owner had recently died. The family was selling the estate. At the conclusion of the open house, he began shutting off the lights. He was alone — or so he thought. As reached the main level, he saw a dark figure walking towards the main bedroom. 

A chill ran down his spine because he only had two people show up to the open house, and he saw both drive away. He went into the main bedroom, and no one was there. He checked every room in the house. There was nothing.

He said he was a bit shaken because he knew he saw something. As he went to the door to leave, it was locked, and it would not open. By this time, he was very concerned. As he went to the other door, the dark figure of that slumped man walking away reappeared. The dark man disappeared down the hall. 

He attempted to open the other door and it too was locked. He said he never locked any doors because it was an open house. He tried windows and they would not open.
He said he then heard a crash from the other bedroom. His fear made him follow the noise that sounded like a vase had fallen and broken. 
When he reached the bedroom, he felt a cold chill in the air. Written on the wall of the bedroom in a very eerie looking print, was the sentence: “This is my house.”                                                                       
He said he did not see these words on the wall when he walked through the home many times previous.

As he went back downstairs, he checked the door again. This time it opened. He went to the other door, and it too was now open. He left the home quickly and saw that black figure of a slumped man walking outside towards an outbuilding.

The owners said they did not come to the open house. There was something wrong and he wanted no part of it. He eventually dropped the listing. He said the home never sold and still stands vacant and in badly deteriorating condition.

Lansing Median Sales Price


 Another indication of a market slowdown.

Thursday, October 27, 2022

 

Question: I'm trying to buy a home for the first time, did the usual contract, had the inspection done and found out the roof had four layers of shingles. The inspection report came out and stated the roof was not leaking, but structurally it was dangerous.

The sellers came back and said they will fix the roof, but increase the price of the house. That was a verbal, and we stated no because we did not expect to pay more for the house. 

To make a long story short, the sellers are two attorneys and they are now threatening us with legal action because they said nothing is wrong with the roof and they agreed to fix it anyway.

Answer: You need to get your own attorney and have him or her look at the purchase agreement and all disclosure statements. Most likely the building code requires that no more than two layers of roofing material can be used. The reason for this is to limit weight on the roof.  Too much weight could cause structural problems.

As to the seller's offer, it's a counter offer to fix the roof at your cost in the form of a higher price to which you have not agreed. What, exactly, is attractive about that?

 


Saturday, October 22, 2022

Friday, October 21, 2022

From the World of Statistics

 The United States has the world's most extreme weather.


No other region of the world suffers from a combination of hurricanes, tornadoes, droughts, floods, blizzards, heat waves, and cold snaps.

Monday, October 17, 2022

Real Estate Market Update from Cathy and Jim. What you need to Know.

 What's Happening?                                    

It is still a sellers Market, meaning advantage sellers. Inventory is low and demand is still good. Interest rate movement will be the deciding factor in buyer demand.

Homes are still selling. It has slowed down due to interest rates and inflation. The most noticeable change was less multiple offers on homes and fewer over asking price offers. Sellers are still receiving excellent offers.

A borrower in January who took out a $300,000, 30 year mortgage at 3.2% pays $1,297 per month in Principal and Interest. 

Today, that $300,00 borrower would be paying $1,976 per month Principal and Interest at 6.9% Interest. That's $679 per month higher and $8,148 for the year!

But don't Panic. These Interest rates ups and downs have been cyclical.    (Please Click Read More)