A story out of North Carolina this month is bringing up some interesting questions for residents here in Michigan. The problem stems around a neighborhood that was built on an old landfill. With the ground sinking because of decomposition, residents are wondering who is liable for damages to their homes and the possibility of health risks in the area.
The disclosure process when purchasing a home can sometimes be one of those necessary evils, expecially if the home you are trying to buy has a lot of problems that need attending to before you move in. But the need of a roof replacement seems minimal when some Michigan residents compare it to the ordeal an Oregon family went through when they bought their first home recently.
There is no questioning the fact that the recession hit many communities hard; but as we've mentioned before, some were hit harder than others. This was definitely the case for Flint which is still trying to recover economically and having a difficult time doing so. It's not for lack of trying by the people in the community, say many experts; it's the difficulty of convincing out-of-state businesses to come to Michigan that's been the tricky part.
Our blog readers know how closely we've been following the housing market since the recession ended. Would it rebound as quickly as we hoped it would? Would prices ever reach acceptable levels again? How would both the personal and commercial real estate markets change in the New Year?
An uninhabited, private island, wedged in Florida's Intracoastal Waterway, could be yours for only $459,000!
An interesting story out of Minnesota may give readers of our blog here in Michigan more information about real estate transactions and how property can be transferred from private ownership to public ownership.
People trying to sell their homes in Michigan within the last few years can tell you how difficult it's been. After the housing bubble burst, property value dropped drastically giving the nation's housing market the lowest prices it's seen in several decades.
Mortgage agreements are complex and difficult for many consumers to understand. Prospective buyers often rely on the expertise of their realtor and the advice of their mortgage company representative or banker to help them parse the language and terms of the agreement. Some homebuyers choose to be represented by an attorney in the negotiation and execution of a home purchase so that they have an expert that will advocate for their interests alone.
The Rails to Trails program has been a popular program nationwide. Many communities enjoy the conversion of unused rail road tracks into walking and biking trails. However, few people are aware that much of the land used for those trails was privately owned before the government decided to turn it into trails.