Home
You are here: Home
Archives
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
Wholesaling Middlemen Descend on Neighborhoods
/in National /by Tracy WillisStates and cities in the U.S. are cracking down on a niche in house-flipping known as wholesaling. The wholesalers do not typically hold real-estate licenses which makes regulation difficult. Wholesalers negotiate with homeowners and then put the homes under contract and sell those contracts to home-flippers. A home that just needs a little upgrade is long gone in today’s market. Instead, wholesalers are targeting homes that aren’t on listing services and need major overhauls. Most are in poorer neighborhoods. There are allegations that some wholesalers mislead struggling homeowners about the value of their property and take advantage of the situation.
Second “First” Home Buyers Accelerate Home Prices In Southwest Michigan
/in Outstate, Western Michigan /by Tracy WillisA beachfront house in New Buffalo will set a new record for Southwest Michigan. It will be the fourth home in New Buffalo to sell for $4 million or more in the past year. The real estate boom in Southwest Michigan is not only at the upper end of the market. Along the 16-mile strip of shoreline towns from New Buffalo to Bridgman, home sales were up 48 percent in the first quarter of the year from the same time in 2020. Buyers aren’t necessarily buying vacation homes. They may keep their first residence in another city, but think of New Buffalo as “home” for now as they wait to see how things play out with the pandemic. New Buffalo is seeing an influx of buyers from Indiana and the Chicagoland areas.
Vacant Farmington Hills Property Flip Flops…Again
/in SE Michigan /by Tracy WillisThe property at 30250 Grand River Avenue in Farmington Hills will flip flop, once again. Formerly an auto dealership, the property most recently housed a school, Steppingstone School for gifted children. The school moved on in 2018, leaving the building empty. A Farmington Hills developer will revive the property and bring it back to its auto dealership days. However, the lot will be used for online sales instead of in-person sales. The city needs to approve the site plan since the use is once again changing.