If you have experience in real estate, you already know how critical it is to do your due diligence before starting a new project. If you are new to developing real estate, it is smart to start learning how state and local laws will affect your projects. Zoning issues...
What are your options if the seller isn’t ready to move out of your new home?
You’ve found the home of your dreams, you’ve been pre-qualified for a mortgage, made an offer and it was accepted. You’ve given your landlord notice and preparing to move into your new home on the first of the month when you’re officially its new owner. There’s just...
Real estate development must comply with land use ordinances
Residential real estate developers have the exciting benefit of creating homes and neighborhoods for individuals and families. Homeownership is a desire of many in Michigan. It can provide security, freedom and a feeling of accomplishment. In addition to the advantage...
Don’t overlook residential real estate trends
Recent events may have complicated the ability of real estate analysts to accurately predict trends. Nevertheless, it may still be important for those involved in residential real estate development to be aware of the trends many experts expected to see throughout the...
Condo deconversions are the new real estate trend
Sometimes it can be a delicate balancing act to keep up with ever-changing trends. Real estate is no different. One example is the practice of purchasing apartment buildings and converting them into condos, which was popular in the past decade or so. More recently in...
Real estate developers sought zoning changes for cottages
Housing developments are nothing new in Michigan. However, residents in one township may be seeing something quite different as a new development grows. After obtaining a zoning ordinance amendment, real estate developers are ready to create a cottage housing village...
Early steps in developing residential real estate
Michigan real estate developers understand that planning a residential development project involves more than buying a piece of land and putting up houses, condos or apartments. A great deal of work must take place before a single shovel hits the dirt. Most real...
Real estate market appears to be healthy
The residential real estate market in Grand Traverse County continues to be healthy. According to the online real estate site, Zillow, the median price for homes in the area has increased 9% in the last year and 32% since 2013. Number of days on the...
Real estate continues to thrive in Northern Michigan
Northern Michigan has been enjoying a surge in corporate and residential real estate and that trend is continuing. There has been a significant amount of corporate real estate growth. As so often happens, the health of the residential market has followed...
Commercial real estate can spur residential development
Commercial real estate has been on the uptick for Northern parts of Michigan and Grand Traverse County for a while now. Growth in commercial real estate frequently spurs growth in residential development and the Traverse City area is no exception. A new...