Foreclosure Home Buyers...

Foreclosure Home Buyers....Don't miss the "bottom" of this market!!!

Are we at the bottom? How big is the bottom? Today's real estate market could be likened to reminiscing about your 3d grade bus driver in that no one knows how "big" (his or her) bottom was. However, whereas you don't care to know the anatomy of your 3d grade bus driver, you are hoping to foresee and understand the "anatomy" of this unprecedented market low as it relates to buying a home or helping someone buy a home.

There are indications that the market is reaching it's bottom. This means that home prices may not get any lower. When you consider that interest rates are at a 50 year low, now is unquestionably and unmistakably the time to "get off the fence". Foreclosure pricing has also affected the pricing of homes overall. Now we're seeing non bank owned (regular folks) pricing their homes more competitively and this is causing them to sell (their homes) in higher numbers than for example 6 months ago when they may have "hoped foreclosure home inventories would be decreasing". Although the number of foreclosure homes is not decreasing yet, we are seeing the stabilization of pricing which alludes to a possible bottoming of the market.

The "bottom" line is get your "butt" in gear or you may be kicking yourself in the "rear".

See all of the Traverse City, MI Real Estate listings, residential, homes, vacant land, waterfront and bank foreclosure properties! All Realtor and MLS listed homes and acreage properties. View ALL MLS Listings!

All Bank Foreclosure Properties. Every MLS Bank Repo, REO properties here, Foreclosures. See all homes in the Traverse City, Michigan area. See all foreclosures before buying bank foreclosure homes, all bank repo homes, All REO homes. Click here for All Bank Foreclosure Homes, Bank Repos, REO Homes

If you are Buying a home or Real Estate in Traverse City, Michigan then consider finding every available residential, waterfront, bank foreclosure, condo, commercial and vacant land right in one place CBGreatLakes.com

What about Selling a home or Real Estate in the Traverse City, MI area? Whether you own residential, waterfront, vacant land, commercial, condo or you might be nearing bank foreclosure we have experienced Traverse City sales associates who can assist you in Selling your property!

All MLS Listings of Traverse City, MI Real Estate are a click away. Property Detailed MLS profile pages of homes for sale in Traverse City, Michigan. 18 photos and virtual tours of Traverse City Real Estate Listings ALL MLS Listings!

Location, Location, Location see the Location of every property via Google mapping. It's all about Google. It's our Marketing Strategy. Whether you're searching for bank foreclosure homes, residential listings, waterfront or vacant properties, our site has ALL MLS listings!

Coldwell Banker Schmidt Recongnized Among Top Brokers in Country

Coldwell Banker Schmidt Recognized Among Top Brokers in Nation

Traverse City, Michigan April 7, 2009 The Coldwell Banker Schmidt Family of Companies has been recognized in two national surveys as being among the top Real Estate Brokerages in the country.

The results of the 2009 RISMedia Power Broker Survey are in, and local real estate brokerage Coldwell Banker Schmidt Realtors has made the top 50 once again. The firm, which operates throughout western and Northern Michigan, was ranked #46 of over 600 respondents with 6,672 closed sales units in 2008. This establishes them as the #3 Coldwell Banker Affiliate in the nation, and the largest Coldwell Banker Affiliate in the Eastern half of the county. Their unit ranking was echoed in the REALTrends 500, an annual research report which identifies the 500 largest brokers in the nation.

"We're very proud of the hard work our agents, staff and managers have put forth on behalf of our customers, especially in the face of recent market conditions" said Ken Schmidt, CEO of The Coldwell Banker Schmidt Family of Companies. "That we've experienced this kind of growth, and done it outside of the large metro markets in Southeast Michigan, is truly humbling. We've developed great offices in the best markets in the state, and all indicators point to these markets continuing to thrive in the long term, outperforming the balance of the state as Michigan's demographic and economic makeup transforms. These are the places where people want to live, and we're blessed to be able to live and work here ourselves."

Schmidt cited increased affordability, "incredibly low mortgage rates, and the $8000 home buyer tax credit" as major factors that were driving buyer activity, and noted that fewer new listings were coming on the market, an indication that area markets were beginning to tighten. "We're hearing from our agents that the best buys on the market are being snapped up quickly, and that the phones are really starting to ring" with buyer inquiries.

More information about the RISMedia Power Broker Report can be found by visiting www.rismedia.com. The REALTrends 500 Report can be found at www.realtrends.com.

The Coldwell Banker Schmidt Family of Companies is a fourth-generation, family-owned realty firm made up of three companies: Coldwell Banker Woodland Schmidt, serving the Western Lakeshore from Holland to Muskegon and beyond, Coldwell Banker AJS Schmidt serving the greater Grand Rapids area, and Coldwell Banker Schmidt Realtors serving Northwestern and Northern Michigan, including the UP. The company's website, www.cbgreatlakes.com boasts thousands of listings across Michigan.

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,600 residential real estate offices and 110,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

Extention of the $8,000 Tax Credit?

Will the $8000 Tax Credit be extended?

Passed by the House early in October was a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas. This increases the likelihood that Congress will write an extension of the $8000 tax credit program into 2010 but of course there is no guarantee. Hopefully, lawmakers appreciate the tax credit program, currently slated to expire November 30, as a critical component in "saving and creating" jobs. The $8,000 tax credit for first-time homebuyers is scheduled to expire on December 1, 2009. However, in order to qualify, the transaction must be closed on or before November 30th, essentially leaving first-time buyers with less than 35 days to complete the process. At this point, this assumes a "Chinese Fire Drill" approach in order to take advantage of this program if you haven't already began the process. While the urgency of trying to find and close on a home before the deadline may seem stressful, it doesn't have to be, unless you want it to be a... "Chinese Fire Drill". “Yes, the tax credit is encouraging first-time homebuyers, but we’re concerned that people could miss out on this unique money-saving opportunity if they haven't anticipated the time necessary for closing,” said Coldwell Banker Schmidt Realtors General Manager Tom Gray. “While every home purchase is a unique experience, we are encouraging first-time homebuyers to be under contract within the next few days in order to participate in this "soon to not likely be extended"... Chinese Fire Drill.” Please assume your positions.

Traverse City Foreclosures - May 2009

Traverse City MI - Foreclosure Homes

So the big question is how many foreclosure homes closed in May 2009 in Traverse City? 26 homes out of 88 were tagged as foreclosure or bank owned in Traverse City for May 2009. That represents about 29%. The better news is right now if you complete a search for foreclosure and bank owned homes in Grand Traverse County, there were only 74 such homes available as of June 12, 2009. That means that there is less than a 3 month supply of foreclosure/bank owned homes on the market today in Traverse City Michigan. With the number of foreclosures starting to perhaps taper off, there could be a chance that prices may begin to climb again in the near future. Please see below the diverse mix of foreclosures in Traverse City Mi:

MLS #	Ask Price	Status	Address	City	Zip	#BR	#BA	Apx Abv Grd Finished SQFT	Days On Market
1701847	$31,000	SLD	3405 N FOUR MILE RD	Traverse City	49686	3	1	1540	46
1700256	$44,900	SLD	2514 E M-113	Kingsley	49649	3	1.5	1056	105
1699778	$64,900	SLD	10235 US-31 S	Interlochen	49643	2	1	972	130
1700642	$70,000	SLD	1250 BASS LAKE RD	Traverse City	49684	3	2	1620	101
1699208	$74,900	SLD	4704 N MANOR WOOD DR	Traverse City	49684	4	2	864	161
1698455	$69,900	SLD	3628 EMILY LN	Traverse City	49686	2	1.5	1152	171
1701043	$77,900	SLD	8985 HARVEST LN	Buckley	49620	3	1.5	1100	76
1701092	$83,000	SLD	1701 WOODWARD AVE	Traverse City	49686	3	1.5	1000	64
1701696	$79,900	SLD	1589 INNWOOD NORTH	Interlochen	49643	3	1	810	64
1698458	$84,900	SLD	8613 SUMMIT CITY RD	Kingsley	49649	4	1	1512	172
1700153	$99,900	SLD	6435 APPLEWOOD LN	Williamsburg	49690	3	1.5	1700	143
1699873	$94,900	SLD	2081 SPARLING RD	Kingsley	49649	3	1	1052	123
1699609	$99,900	SLD	4147 HARRAND RD	Kingsley	49649	3	2	1266	161
1703526	$97,000	SLD	2154 GROUSE DR	Traverse City	49684	3	2	1176	14
1702077	$95,000	SLD	2096 POTTER RD	Traverse City	49686	2	2	864	48
1701202	$99,900	SLD	18978 TRAVERSE ST	Traverse City	49686	2	2.75	1456	77
1698047	$101,500	SLD	7310 FOREST LODGE RD	Traverse City	49684	3	2	1824	209
1699610	$114,900	SLD	2879 N OLD FARM LN	Traverse City	49684	4	2	1692	145
1700152	$124,900	SLD	3188 NIMROD RD	Traverse City	49684	4	2.5	1100	118
1701378	$127,900	SLD	2178 ARTHUR CT	Traverse City	49684	3	2	1152	83
1701846	$149,900	SLD	2141 BLACK FOREST LN	Traverse City	49686	3	1.5	1000	62
1692939	$132,250	SLD	7655 HAMPTON CIRCLE	Grawn	49637	4	2	1999	365
1701520	$149,900	SLD	1278 TERRACE BLUFF DR	Traverse City	49686	2	2	1212	70
1694131	$179,900	SLD	4566 DEEP WOODS DR	Traverse City	49684	2	2	1660	316
1699706	$199,900	SLD	6733 MATHISON RD	Traverse City	49686	4	3.5	2900	147
1693242	$279,900	SLD	377 HOMESTEAD LN	Traverse City	49686	3	3.5	1879	344

Coldwell Banker Schmidt

Peninsula Bay Resort Opportunity - Top Floor Suite A50

Peninsula Bay Resort Condominium on East Bay

Suite A50 - A wonderful place to come with your family. This 5th floor luxury condo features open floor plan, gas fireplace, spectacular round window in Living Room, 210 SF balcony overlooking East Grand Traverse Bay, Sub-Zero refrigerator, Fisher-Paykel dishwasher and 330' of exceptional sandy beach frontage. This unit was professionally decorated and comes with furnishings.
Offered at: $489,000

Type: Private Condominium

Body of Water: Easy Grand Traverse Bay

Floor: 5th

Elevator: Yes

Square Feet: 1,530 Bedrooms: 2 (1 King in Master - 1 Queen in the Guest)

Bathrooms: 2

Waterfront: Shared (330ft)

Pool: Yes, Heated Outside/Bayside

Hot Tub: Yes, Heated Outside/Bayside

Beach Access: Yes

For more Information visit: NicoleHulet.com

Nicole Hulet "Rookie of the Year Award" Coldwell Banker Schmidt

Nicole Hulet of the 548 East Front Street Coldwell Banker Schmidt office was presented the "Rookie of the Year" award for 2007. Coldwell Banker's "Celebration of Excellence" ceremony was held last night at the Grand Traverse Resort. Although Nicole is no "Rookie" (she has held her real estate license since the mid 90s, using it in conjunction with vacation rental management) she was honored to receive the award. Nicole has had great success introducing new owners to the Peninsula Bay Resort Condominiums over the last 2+ years. She sells what she believes in and her heart belongs to Peninsula Bay. Nicole, coupled with a great team from Coldwell Banker, the once thought dim future of the project has turned full circle and this East Bay opportunity has been realized. She plans to continue matching new owners with this high quality complex through this summer 2008.
NICOLEHULET.COM