MI Real Estate Blog

YARD WASTE PICKUP RESUMES - THANK YOU GOD!

2011-03-11T23:27:00.002-05:00

Spring Yard Waste Pickup Resumes Monday, April 11

Yard waste collection will resume in the City of Farmington Hills on Monday, April 11. As of that date, all yard waste placed at the curbside in acceptable containers will be collected by the yard waste truck on the regular garbage day.

Acceptable yard waste includes leaves, grass, shrub clippings, twigs, and plant materials. There are three options available for yard waste disposal:

1. Place yard waste in a trash can (32-gallon size limit) with a “Yard Waste” sticker available free from City Hall or the DPW.

2. Put yard waste in a brown paper yard waste bag.

3. Use a mulching mower and recycle leaves and grass clippings back into the lawn.

Small limbs (six inches in diameter or less) and brush must be tied in bundles that do not exceed four feet in length or weigh more than 60 pounds per bundle. Unbundled brush and large limbs will not be picked up. Also, any brush or twigs placed in cans or bags should not stick out above the top of the container and large quantities of dirt or sod are not accepted for pickup.

For more information, call the DPW at 248-871-2850 or visit www.fhgov.com.

TEN COMMON TAX ERRORS HOMEOWNERS MAKE

2011-02-22T17:18:00.001-05:00

(New!)

10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Read

Visit houselogic.com for more articles like this.

ZILLOW SAYS...

2011-02-21T14:20:00.002-05:00

According to Zillow's Real Estate Market Reports for December 2010, Farmington Hills home values were Down 1.5% compared to November 2010 and Down 4.9% compared to December 2009.

Farmington Hills Zillow Home Value Index

Farmington Hills Home Values - Interactive chart

Please call Kristy Dunnigan at 248 417 6662 if you have any questions or need assistance with buying, selling or leasing.

ARE YOU PREPARED TO OWN A HOME?

2011-02-07T16:00:00.002-05:00

The process of purchasing a home is a special and important time as homeownership can bring personal satisfaction, as well as financial benefit. Before going through the process, you should ask yourself several questions about your decision to purchase a home. Click here for more.

If you are ready now or in the near future, call Kristy Dunnigan at 248-419-3122 or visit www.KristyDunnigan.com.

THE TAX BENEFITS OF HOMEOWNERSHIP

2011-02-06T22:58:00.004-05:00

When it comes to the tax benefits of renting vs. buying, the benefits of buying are many, while there are few or no tax benefits for renting. This simple fact can help get renters motivated to take the plunge... MORE

City of Farmington Hills 2010 Annual Report

2011-01-18T12:10:00.002-05:00

City of Farmington Hills 2010 Annual Report

Questions You SHOULD Be Asking Your Lender

2010-12-30T09:44:00.000-05:00

Questions You SHOULD Be Asking Your Lender

The Tax Relief Act of 2010: Income Tax Provisions

2010-12-21T13:09:00.002-05:00

I recently came across a comprehensive guide to the recently tax relief act and wanted to share...

William's Tax Planning Blog
By William Perez, About.com Guide since 2004

http://taxes.about.com/b/2010/12/20/the-tax-relief-act-of-2010-income-tax-provisions.htm

$325,000 - 25020 13 Mile Rd, Franklin, MI

2010-10-27T15:40:00.002-04:00

Farmington Hills Home values - August 2010

2010-10-12T20:32:00.003-04:00

According to Zillow's Real Estate Market Reports for August 2010, Farmington Hills home values were Up 1.2% compared to July 2010 and Up 2.4% compared to August 2009.

Farmington Hills Zillow Home Value Index

Farmington Hills Home Values - Interactive chart

To speak to a local Realtor that lives and works in Farmington Hills, call Kristy Dunnigan at 248-417-6662 or visit www.KristyDunnigan.com.

Dos and Don’ts of Homebuyer Incentives

2010-09-25T09:18:00.000-04:00

(New!)

Dos and Don’ts of Homebuyer Incentives

Homebuyer incentives can be smart marketing or a waste of money. Find out when and how to use them. Read

Visit houselogic.com for more articles like this.

FALL INTO HOME MAINTENANCE

2010-09-24T14:05:00.000-04:00

Appliance Maintenance: Water Heaters

Keep your water heater running efficiently and reliably with this simple maintenance routine. Read
The Value of Home Maintenance

Regular home maintenance is key to preserving the value of your house and property. Read
Essential Heating System Maintenance

Getting your home’s heating system professionally serviced every year will keep it running smoothly and help keep heating costs under control. Read
8 Easy Ways to Seal Air Leaks Around the House

For what the typical family wastes every year on air leaks—about $350—you can plug energy-robbing gaps, start saving money, and enjoy a more comfortable home. Read
Chimney Maintenance for Warmth and Safety

Chimney maintenance and a fireplace inspection can make the difference between warm safety and drafty danger. Read

Visit houselogic.com for more articles like this.

ENERGY TAX CREDITS SOON TO EXPIRE

2010-09-23T14:02:00.001-04:00

Tax Credits for Replacing Heating and Cooling Systems

Upgrading to an energy-efficient heating and cooling system can save hundreds on your utility bills and earn you a tax credit worth as much as $1,500. Read
Tax Credits for Non-Solar Water Heaters

Cut your energy bills and your IRS bill by installing a non-solar water heater that’s eligible for a federal tax credit worth up to $1,500. Read
Tax Credits for Installing Biomass Stoves

A federal tax credit makes energy-efficient biomass stoves a more affordable option for cutting winter heating bills. Read
Tax Credits for Adding or Replacing Insulation

A federal tax credit makes adding insulation an even cheaper way to improve your home’s energy efficiency and cut your heating and cooling bills. Read
Tax Credits for Replacing Windows, Doors, and Skylights

If money seems to be escaping through drafty windows, doors, and skylights, this federal tax credit might make energy-efficient replacements more affordable. Read

Visit houselogic.com for more articles like this.

REALTOR® Magazine-Daily News-Home Buying and Selling Tips for Fall

2010-09-18T21:45:00.001-04:00

REALTOR® Magazine-Daily News-Home Buying and Selling Tips for Fall

TRUST ME - I UNDERSTAND WHY YOU'RE CONFUSED

2010-09-17T01:59:00.004-04:00

I recently received all three of these headlines in a single google alert! At first I simply shook my head in disbelief and then realized that if it took a REALTOR a few minutes to make sense of it - "Joe Public" must be really confused! The bottom line it this: EVERY situation is different - you need to talk one on one with a REALTOR to discuss the current market conditions in YOUR area. Call me and we will make a plan that makes sense!

August home sales sag 11.8% in metro Detroit
Detroit Free Press
Non-foreclosure sales were up 15.5% to 2412 in the metro area. The metro area as defined by the Farmington Hills-based multiple listing service includes ...

Prices up but residential home sales decrease in August, report shows
Crain's Detroit Business
The number of non-foreclosure sales increased in August while prices decreased, according to data from the Farmington Hills-based MLS RealComp II Ltd. There ...

Home Sales Down While Median Prices Increase
WHMI
That's according to data released this week by Farmington Hills-based real ... 67 were due to foreclosure which was down almost 20% from a year earlier. ...

2010-08-05T18:47:00.001-04:00

5 Tips for Deciphering Your Home Loan’s Good-faith Estimate

Knowing how to read your good-faith estimate can help you save money on your home loan. Read
7 Homeowner Tax Advantages

When you’re evaluating how much home you can afford, make sure you factor in the tax advantages of homeownership. Read
4 Tips to Determine How Much Mortgage You Can Afford

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
7 Tips for Improving Your Credit

Here’s how to clean up your credit so you get the least-expensive home loan possible. Read
Find the Home Loan that Fits Your Needs

Understand which mortgage loan is best for you so your budget is not stretched too thin. Read

Visit houselogic.com for more articles like this.

MORTGAGE CRISIS ANSWERS

2010-07-29T00:21:00.002-04:00

There are Solutions! If you or someone you know is in a mortgage crisis, please click here for frequently asked questions and ANSWERS!

3 Year Property Tax Analysis 2007 - 2009

2010-05-26T23:49:00.003-04:00

Having recently come across this information on the City of Farmington Hills, MI website, I thought I'd share a link with you. Is the City of Farmington Hills, MI gently reminding homeowners how lucky we are?

This information is based on the average State Equalized Value (SEV) for the City of Farmington Hills, Michigan, which appears to be $108,500. Oddly, the graphic indicates that SEV is half of your homes current market value!!! On what planet? That "rule of thumb" is so out dated, it's a joke! Please call me for information on the market value of your property.

In the meantime, check out the following ....

http://www.ci.farmington-hills.mi.us/Services/Finance/ThreeYearPropertyTaxAnalysisForAvgSev.pdf

Change Your Clock, Change Your Battery

2010-03-10T13:58:00.002-05:00

Daylight saving time begins on Sunday, March 14

The Farmington Hills Fire Department is joining fire departments all across America in the annual “Change Your Clock, Change Your Battery” campaign.
This simple program is designed to save lives by encouraging people to change their smoke alarm battery when they change their clocks forward this month.

The time change takes place this year on Sunday, March 14. Farmington Hills Fire Lt. Denny Hughes is encouraging all residents to adopt this simple, lifesaving habit of changing the batteries in their smoke alarms. “It’s a simple and inexpensive way to protect your family and home,” said Hughes.

Since 1987, the International Association of Fire Chiefs (IAFC) and Energizer batteries have joined forces to raise awareness about the issue that nonworking
smoke alarms are often responsible for home fire deaths and injuries. Now, thanks to the participation of residents all across America, and the dedication of more than 6,000 Fire Departments, home fire deaths continue to be on the decline. Millions of families nationwide are hearing the “Change Your Clock, Change Your Battery” message.

Although smoke alarms are present in 95% of American homes, 20% do not work due to worn or missing batteries – this means nearly 19 million homes are at needless risk. The peak time for home fire fatalities is between 10 p.m. and 6 a.m. when most families are sleeping. A working smoke alarm can often provide critical extra seconds people need to get out safely.

The Farmington Hills Fire Department has a free smoke detector installation program. “We’ve installed hundreds of smoke alarms over the past 24 years, and will continue to do so until everyone who needs them has them,” said Lt. Hughes.

For information about the program, contact Lt. Hughes at Farmington Hills Fire headquarters at 248-871-2800 or e-mail him at dhughes@fhgov.com.

2009 KENDALLWOOD FARMS "SOLDS"

2010-01-01T14:45:00.002-05:00

Here are the "sold" numbers for Kendallwood Farms from 1/1/2009 - 12/31/2009.

Check my 1/6/09 postings for 2008 numbers - looks like we held our own compared to what happened elsewhere. Remember to tell everyone you know HOW GREAT KENDALLWOOD FARMS IS!

2009 Summary:

Residential Properties:

Sold Listings: 18
Avg Sold Price:$153,122
Avg Days on Market: 150.39

Call Kristy Dunnigan at 248-417-6662 regarding any questions you may have.

Pumpkin

2009-10-29T09:23:00.000-04:00

Pumpkin

NOV 1 - CHANGE YOUR BATTERIES & CLOCKS

2009-10-23T11:33:00.002-04:00

The Farmington Hills Fire Department is joining with nearly 6,000 fire departments nationwide in promoting the annual Change Your Clock, Change Your Battery campaign on Sunday, November 1.

Fire Lt. Denny Hughes encourages all residents to adopt the simple, life-saving habit of changing smoke alarm batteries when they change their clocks back from daylight savings time to standard time. “It’s an easy, inexpensive, and proven way to protect your family and your home,” said Hughes.

Since 1987, the International Association of Fire Chiefs has joined forces with Energizer batteries to spread the message that non-working smoke alarms are responsible for needless home fire deaths and injuries. Now, 22 years later, thanks to the Change Your Clock, Change Your Battery campaign, home fire deaths continue to decline.

Although 95% of American homes do have smoke alarms, 20% have worn or missing batteries, which puts nearly 19 million homes at needless risk. The peak time for home fire fatalities is between 10:00 p.m. and 6:00 a.m. when most families are sleeping. A working smoke alarm can provide the critical extra seconds that people need to get out safely.

“The Farmington Hills Fire Department has a free smoke detector installation program,” says Hughes. “We’ve installed hundreds of smoke alarms over the past 20 years and will continue to do so until everyone who needs them has them.”

For information about the program, contact the Farmington Hills Fire Department at 248-871-2800.

HOPE

2009-10-15T10:36:00.000-04:00

"Zestimate for 29090 Kendallwood Dr has increased by 1.2%"

This is one piece of good news you won't hear on the news...

If you'd like to know the value of your property, please call me to discuss setting an appointment to receive professional, person to person advice.

Kristy Dunnigan, Real Estate One, 248-417-6662

Kristy.Dunnigan@gmail.com

FOR SALE

2009-09-20T20:22:00.002-04:00

There are currently 8 homes available ranging in price from $150,000 to $199,900.

$150,000 - 29000 Kendallwood Drive features 4 bedrooms, 2.5 bathrooms, 2411 square feet

$199,900 - 32125 Hearthstone Road features 3 bedrooms, 2.5 bathrooms, 1740 square feet

The average asking price for the 8 available properties is $174,688 and have been on the market an average of 64 days.

For a showing or additional information regarding ANY property, please call me, Kristy Dunnigan at 248-417-6662.

SOLDS

2009-09-20T20:07:00.003-04:00

It's been SIX months (yikes) since the last update regarding homes that have sold in Kendallwood. In that time, eleven homes have sold with an average price of $157,791. In my opinion, at least one home sold at a far above average price and pushed the average over $150K. The average days that these homes were on the market was 181 days.

If you, your family or friends are in need of a real estate professional, please contact me, Kristy Dunnigan at 248-417-6662 or through my website: www.KristyDunnigan.com.

Let's Talk Michigan Real Estate: The Time is Now! The 2009 Tax Credit is Winding Down. Don't Miss Out On Your $8,000!

2009-08-27T09:32:00.001-04:00

Found a GREAT post regarding the looming tax credit deadline and an action plan that makes sense! Call me for more information, 248-417-6662 or visit www.KristyDunnigan.com.

Let's Talk Michigan Real Estate: The Time is Now! The 2009 Tax Credit is Winding Down. Don't Miss Out On Your $8,000!

ABSOLUTELY FREE HOME BUYERS SEMINAR

2009-04-22T21:13:00.001-04:00

ABSOLUTELY FREE HOME BUYERS SEMINAR:
LEARN HOW TO:
- put $8,000.00 in your pocket
- buy up in a down market
- buy with at little at 3.5% down
- take advantage of today's low interest rates
- take advantage of the foreclosure pricing
.......and much more

BRING THIS AD AND RECEIVE UP TO $500.00 OFF YOUR CLOSING COSTS WHEN YOU CLOSE YOUR NEXT HOME THRU REAL ESTATE ONE (14 Mile/Middlebelt location only). Seating is limited - reply to this email for your reservation or call 248-855-6763 ext.176 - to reserve your seat. Seminar is Saturday, April 25th at 10:00 a.m.and Tuesday, April 28th @7:00 p.m. 4/18 SEMINAR IS FULL. Real Estate One, 32961 Middlebelt, Farmington Hills, MI 48334

SOLDS!

2009-03-17T12:44:00.001-04:00

Since my last update regarding properties recently sold in Kendallwood Farms three houses have sold in our wonderful subdivision. The average sold price for these three homes was $127,667 and sold on average within 97 days.

If you, your neighbor, family or friends have any questions regarding Kendallwood Farms real estate, please call Kristy Dunnigan at 248-417-6662 or visit my website at http://www.kristydunnigan.com/ .

FOR SALE

2009-03-17T12:04:00.001-04:00

There are currently 12 homes available, ranging in price from $132,000 - $219,900.

$132,000 – 28751 Leamington Drive features 3 bedrooms, 2 baths, 2 car attached garage, 2241 square feet.

$219,900 – 32846 Ardwick Drive features 5 bedrooms, 2.5 baths, 2 car attached garage, 2400 square feet.

The average asking price is $182,348 and the average days these homes have been available to purchase are 119 days.

Please call me at 248-417-6662 or email me for more information on these or any property. Visit my website at www.kristydunnigan.com .

Homeowner Affordability and Stability Plan

2009-02-25T00:32:00.002-05:00

The Homeowner Affordability and Stability Plan is part of the President's broad, comprehensive strategy to get the economy back on track. The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure. In doing so, the plan not only helps responsible homeowners on the verge of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs.

I have an excellent "Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan" file I can email you - just ask.

Please email me at Kristy.Dunnigan@gmail.com or call 248-417-6662.

New Program Makes Home Ownership Possible For More Oakland County Families

2009-02-18T17:31:00.001-05:00

Pontiac, Michigan, February 17, 2009 -- More families in Oakland County may be able to find homeownership within their means thanks to a new program administered by the Oakland County Community & Home Improvement Division. The Oakland County Home Buyer Program is aimed at helping low and moderate income families take ownership of vacant, foreclosed single family homes and condominiums as their primary residence.

An informational workshop for prospective homebuyers will be held Saturday, February 28, from 9 a.m. to noon at the Oakland County Executive Office Building Conference Center, 2100 Pontiac Lake Rd., just west of Telegraph Rd., in Waterford. Pre-registration is not required.

"Families who thought they could never afford their own home now have the best opportunity to become homeowners through this unprecedented program," Oakland County Executive L. Brooks Patterson said.

Oakland County can provide no-interest loans for down payment assistance, closing costs, home improvements or other financing. The homebuyer must prequalify for a fixed rate mortgage loan from a lending institution. This loan represents 51% of the purchase price. Oakland County will finance the remaining 49% of the purchase and rehabilitation costs up to $100,000. The homebuyer must also provide $2,000 to initiate the purchase. The homebuyer only pays on the conventional mortgage obtained from their lender. Payment on the down payment and home improvement loans is deferred until the property changes ownership.

Homebuyers with incomes at or below 120% of Area Median Income (AMI) are eligible for assistance. For example, a family of four earning up to $83,900 per year is eligible under this program.

Funding for the Oakland County Home Buyer Program is provided by the U.S. Department of Housing and Urban Development's (HUD) Neighborhood Stabilization Program (NSP). This one-time $17.4 million emergency funding supplements the Community Development Block Grant (CDBG) program to purchase foreclosed homes at a discount, and rehabilitate or redevelop the homes to stabilize neighborhoods impacted by foreclosure and abandonment, and reverse the decline of neighborhood housing values.

The Oakland County Home Buyer Program covers properties in select Oakland County communities. Contact Farmington Hills, Pontiac, Royal Oak, Southfield, or Waterford directly to inquire about home buying assistance programs in their communities.

For more information, visit the Oakland County Community & Home Improvement website at www.oakgov.com/chi or call 248-858-1529 or contact Steve Huber, Marketing & Communications Officer Oakland County Economic Development & Community Affairs at 248-858-1848.

You may also call Kristy Dunnigan at 248-417-6662 for more information.

LOAN MODIFICATION ADVICE

2009-01-14T00:53:00.003-05:00

Consumer advocate Ralph R. Roberts offers noteworthy advice for those facing the possibility of foreclosure. Read the entire article here:

Real Estate Law Center: Real Estate Law Movers & Shakers: Consumer Advocate Ralph R. Roberts Reveals the Top Five Dos and Dont's of Loan Modification

Posted using ShareThis

WEALTH BUILDING

2009-01-12T23:21:00.004-05:00

I'd like to share an email I recently received - After you read this, call me for a list of investment property!

Dear Wealth Builder,

It’s apparent that foreclosures were at an all time high in 2008, and the housing market has gone through a major recession. There were an average 3,100 foreclosures per day in the U.S. in November [2008], according to RealtyTrac Inc., an Irvine, California real estate data company.

When markets are low, those who know the strategies to achieve wealth in a down market are preparing to launch a strategic plan to fill their real estate portfolios. Times like these are golden opportunities for knowledgeable and skilled wealth builders!

Ninety seven percent of all millionaires have achieved their financial independence through Real Estate Investing. Have you ever thought of having real estate as a Cash Machine?

Whether you answered yes or no, if you want to learn more, then join me for my webinar on January 20th at 4pm Pacific time entitled The USA is on Sale - Make Real Estate Your Cash Machine.

Those who know the right strategies to use at the right time will be successful. There were 4.2 million homes on the market in November – are you taking advantage of deals, like these, that only come around once in a lifetime?

Come learn the strategies on how you CAN make Real Estate a successful Cash Machine. We have designed this webinar to help you understand the current market conditions and the best strategies to make money now.

Don’t believe the hype – it IS possible to make money in real estate in this economy! The USA is on Sale - Make Real Estate Your Cash Machine Tuesday, January 20th at 4pm PST Register Now at https://www1.gotomeeting.com/register/668601683.

To Your Wealth!
Loral
CEO & Founder Live Out Loud – A Loral Langemeier Brand www.LiveOutLoud.com
Questions? Call our office at 877-7-GET-LOL or email strategy@liveoutloud.com.

Call your neighborhood REALTOR, Kristy Dunnigan at 248-417-6662 or email Kristy.Dunnigan@gmail.com.

2008 KENDALLWOOD FARMS "SOLDS"

2009-01-06T00:53:00.003-05:00

Here are the "sold" numbers for Kendallwood Farms from 1/1/2008 - 12/31/2008.

Don't shoot the messenger!

Summary:

Residential Properties:

Sold Listings: 15
Avg Sold Price:$156,560
Avg Days on Market: 150.13

Call Kristy Dunnigan at 248-417-6662 regarding any questions you may have.

HAPPY NEW YEAR

2009-01-01T11:12:00.003-05:00

To all of my neighbors, friends, family and clients - Thank you for an amazing 2008. I look forward to 2009 with hope, peace and gratitude. With a positive attitude and a bit of courage, go forward with your dreams. You do not need to wait for the sun to shine to have fun - dancing in the rain works too!

Monday I will post the complete 2008 numbers for Kendallwood. Stay tuned or feel free to call me at 248-417-6662.

BUYERS RULE!

2008-12-31T11:33:00.003-05:00

If you’re ready to buy a home, many signs point to favorable buying conditions: mortgages are available (First-time buyers have MANY options), affordability has improved (but you knew this), home choices are abundant (there are at least 8 homes in Kendallwood Farms for sale) and interest rates are low (thanks to the Fed). Even better, 8 out of 10 economists agree that home prices will rise in the next five years (the other 2 are just cranky). Which means getting in on the ground floor before prices begin to rise is a smart move. (your in-laws will think you're a genuis)

Home ownership is an investment in your future. (and good for the economy) Call Kristy Dunnigan (your friendly neighborhood REALTOR ) at 248-417-6662 or visit Kristy.Dunnigan@gmail.com. To search for homes, visit www.KristyDunnigan.com.

HOLIDAY GARBAGE PICKUP

2008-12-30T22:30:00.003-05:00

Regular pickup of garbage and recycling will occur on Wednesday, December 24 and on Wednesday, December 31. Garbage and recycling will not be picked up on Thursday, December 25 due to the Christmas Day holiday and on Thursday, January 1 due to the New Year’s Day Holiday. Thursday and Friday’s collection will be delayed by one day during both weeks, with Thursday’s collection made on Friday and Friday’s collection made on Saturday.

Holiday cards and wrapping paper can go in your recycling bin loosely or in a brown paper bag with your newspapers and junk mail. Any cards or wrapping paper with glitter or metallics are not recyclable and should go in with the regular trash. Aluminum holiday cookie tins and lids can also go in your recycling bin.

Christmas trees can be dropped off for recycling at Glen Oaks Golf Course from December 26 through January 12, seven days a week from 9 a.m. to 4 p.m. at the east end of the clubhouse parking lot at 30500 W. Thirteen Mile, just east of Orchard Lake Road. Trees must be free of all lights, decorations, and tinsel. For more info, call 248-858-0906. Trees placed at the curbside will be collected with the regular trash.

For more information, call the DPW at 248-871-2850 or visit www.fhgov.com.

FOR SALE

2008-12-29T08:50:00.001-05:00

There are currently 8 homes available, ranging in price from $139,900 - $249,900.

$139,900 - 32244 Bonnett Hill Road features 4 bedrooms, 2 baths, 2 car attached garage, 1865 square feet.

$249,900 - 28360 Kendallwood Drive features 3 bedrooms, 1.5 baths, 2 car attached garage, basement, 1724 square feet.

The average asking price is $186,924 and the average days these homes have been available to purchase is 127 days. Please call me at 248-417-6662 or email me for more information on these or any property. Visit my website at http://www.kristydunnigan.com/.

SOLDS!

2008-12-28T20:13:00.003-05:00

It's been eighty (80) days since my last update regarding properties recently sold in Kendallwood Farms. (Drum-roll please) ONE house has sold in that time period. The Brandywine Road property is a 1528 square foot, 3 Bedroom, 2 bath brick ranch and features a full basement and 2 car attached garage. The sale price was $135,000 and sold in 14 days. (It was priced "correctly" and in excellent condition). There is currently a property "pending" on Old Forge Lane - if you are interested in the actual sold price, please call and ask.

If you, your neighbor, family or friends have any questions regarding Kendallwood Farms real estate, please call Kristy Dunnigan at 248-417-6662.

CLEAR YOUR FIRE HYDRANT

2008-12-26T11:05:00.003-05:00

Simple Clearing of Snow Saves Firefighters Valuable Time and May Save Lives

Southeastern Michigan has experienced heavy snowfalls early this year and area Fire Departments are asking for your help. “We can’t do our job if we can’t locate a hydrant, and that puts people’s lives at risk,” says Lieutenant Denny Hughes, a fire safety educator with the Farmington Hills Fire Department.

Whether you’re a homeowner, business owner or snow removal company, Hughes asks everyone to do their part in assuring that fire hydrants are visible to responding fire tucks. “Some contractors have nowhere to put the snow after a large snowfall,” says Hughes. “But they need to be conscious about not piling it up on or around a fire hydrant.”

Homeowners and business owners are asked to shovel a clear path to the hydrant from the road, and assure that snow is also cleared at least one to two feet around the hydrant. It also helps if you take a broom and remove the snow buildup on the hydrant itself and clear the snow from any landscaping around the hydrant.

“Remember -- if firefighters can’t see the hydrant, they can’t use it,” says Hughes. For more information, contact Lt. Denny Hughes at 248-871-2800 or dhughes@fhgov.com.

Michigan Real Estate Law Blog: Strategies for Avoiding Foreclosure

2008-12-17T22:32:00.000-05:00

As timely as it gets -

Michigan Real Estate Law Blog: Strategies for Avoiding Foreclosure

To buy or sell Michigan real estate, please call Kristy Dunnigan at 248-417-6662 or email Kristy.Dunnigan@gmail.com.

FOR SALE

2008-10-09T16:15:00.002-04:00

"It's a great time to buy real estate!" has become practically the only statement these days that I am 100% certain is correct. Is it the "bottom of the market"? Who cares?? At these prices (and today's interest rate), and the promise that someday the market WILL turn upward, real estate is a wonderful investment. I am not a financial planner but know one that would tell you the same thing. I am a REALTOR and I know a great mortgage broker that still offers great lending programs! Teachers, first time buyers and emergency response personnel should really take advantage of new lending programs! (before they disappear)

And could there be a better neighborhood than Kendallwood to buy - no. Our wonderful neighborhood is surrounded by amazing schools, beautiful parks, houses of worship and shops. Call your family and friends that are looking to purchase a primary residence or an investment and tell them about Kendallwood Farms.

As of today, there are 8 homes available, ranging in price from $160,500 - $309,900.

$160,500 - 32169 Bonnett Hill Road features 3 bedrooms, 2.5 baths, 2 car attached garage, basement, 1478 square feet.

$309,900 - 28937 Kendallwood Drive features 5 bedrooms, 3.5 baths, 2 car attached garage, basement, 2581 square feet.

The average asking price is $211,611 and the average days these homes have been available to purchase is 75 days.Please call me at 248-417-6662 or email me for more information. Please visit my website at http://www.kristydunnigan.com/.

SOLDS!

2008-10-09T15:49:00.003-04:00

I am so excited to report that FIVE homes have sold (and closed) in Kendallwood Farms since my last update on July 1st. Unfortunately, the average sales price was $139,080 and took an average of 120 days to sell. But sell they did and if a house is for sale right now, the goal is to "get rid of it." I do not say that with any disrespect, everyone has a different story - some are selling to avoid a pending interest rate increase, others are selling due to a job transfer and some are taking advantage of a super low price on their new dream home and are willing to take a hit on the current property. And, of course, properties are being sold by banks as foreclosures and we all know what that means.

I have details on each home that sold and would like to share that information with anyone that cares to ask for it. Please contact me at 248-417-6662 or www.Kristy.Dunnigan.com.

SERVICE AND RESULTS

2008-08-23T18:29:00.003-04:00

Call KRISTY DUNNIGAN at 248-417-6662 or 248-851-4100. Visit her website at http://www.kristydunnigan.com/.

FIGHT FORECLOSURE

2008-08-21T05:32:00.001-04:00

Families in danger of losing their homes can learn some important tips on how to fight foreclosure. And it's all free.

Oakland County is teaming up with the cities of Farmington and Farmington Hills to offer a free seminar. Counselors will be available to teach ways to prevent foreclosure. They will also discuss what to do once the foreclosure process kicks in.

The seminar is being held September 3rd at 6:30 pm.. at the Costick Center at 28600 W. 11 Mile in Farmington Hills. For more information call: (888) 350-0900 Ext. 85402or click on the link: http://www.oakgov.com/chi

SOLDS!

2008-07-01T00:19:00.002-04:00

Time again for information regarding properties recently sold in Kendallwood Farms. Since the May 18th posting, 1 home has sold (and closed).

The 1942 square foot tri level on Kirkside Lane features 4 bedrooms, 2 baths, and 2 car attached garage. The sold price was $145,000.

A house on Farmersville Rd is pending a closing - Stay tuned for information.

If you know of any friends or family members that would like to live in Kendallwood Farms (and why wouldn't they?) there are currently 14 properties available for purchase. Please have them call me at 248-417-6662 to discuss these or any other Michigan Real Estate.

THINK POSTIVELY

2008-06-27T00:19:00.003-04:00

Things could be worse.

It's a great time to buy UP! Call me, Kristy Dunnigan, to discuss your plans to buy up in Michigan - 248-417-6662 or visit www.KristyDunnigan.com

Happy 35th Anniversary, Farmington Hills!

2008-06-20T10:30:00.002-04:00

The City of Farmington Hills is planning to celebrate its 35th anniversary with a bang! Fireworks will highlight the community gathering planned for Tuesday, July 1 at Founders Sports Park on Eight Mile Road.

City officials will kick off the 35th anniversary celebration with a special program at 8 p.m., followed by live music and then a fireworks display at 10 p.m.

The City got its start as a small Quaker settlement, which was incorporated in 1927 as the City of Farmington. In 1973, the surrounding township became the City of Farmington Hills. Today, Farmington Hills is home to many of the world’s most advanced technology companies. The City is known for its high quality of life, beautiful parks, and extensive recreational and cultural programs.

“From humble roots, the City of Farmington Hills has grown into a vibrant center for international business and a wonderful place to raise a family,” says Farmington Hills Mayor Jerry Ellis. “On the occasion of our 35th anniversary, we look with pride toward the past and with excitement
toward the future.”

Join your fellow residents in celebrating the past and future of Farmington Hills! For more information on the City’s 35th anniversary celebration, call 248-871-2500.

For information on real estate in Farmington Hills, please call Kristy Dunnigan at 248-417-6662 or visit www.KristyDunnigan.com.

OAKLAND COUNTY Home & Condo Sales Continue to Rise

2008-06-19T22:11:00.004-04:00

by Ben LaMothe Michigan Business Review
Wednesday June 18, 2008, 12:52 PM

May home sales in Oakland County were up 9.3 percent over the prior-year period, according to a report issued Wednesday that tracks monthly residential and condominium sales in Southeast Michigan.

But the report noted that Michigan remains fifth in the nation in the number of foreclosures, keeping home prices often well below appraisals.

The monthly report by Multiple Listing Services and real estate property data service Realcomp II Ltd. of Farmington Hills surveys home and condo sales in five counties and the city of Detroit. It found that sales were up in May in Oakland, Macomb, Livingston and Wayne counties and in the city of Detroit, while dropping in St. Clair County.

Residential and condo sales in Oakland County rose from 1,135 in May 2007 to 1,241 last month. And the numbers will likely continue to rise, with 1,625 residential and condo sales pending compared to 1,406 in May 2007.

Overall, Oakland County has seen home sales rise in four of the past five months, the report said.

The report found key factors for the continued increase in home sales as homes being priced to sell and interest rates remaining at historically low levels.

GO "GREEN" and HELP RESCUE THE ROUGE

2008-06-06T09:51:00.004-04:00

Dig in and be a part of “green” efforts in Farmington Hills! Come to Rouge Rescue 2008 on Saturday, June 7 from 9 a.m. until noon at the pond in Founders Sports Park located on Eight Mile between Halsted and Farmington Roads.

Every year since 1986, thousands of caring citizens have been part of the hands-on community effort to clean and restore the Rouge River watershed. Do your part and join the fun!

• Plant wildflowers
• Create a natural buffer with native plants along the pond’s edge
• Pick up litter and debris
• Enjoy a free picnic lunch
• Get a free Rouge Rescue t-shirt (first 50 participants to arrive)

Organize a group from your school, church or homeowners’ association and make a difference in your community! To pre-register, call 248-871-2555 or e-mail tslintak@fhgov.com. For a listing of other Rouge Rescue sites, call the Friends of the Rouge at 313-792-9900 or visit www.therouge.org .

KFHA ANNUAL MEETING REVIEW

2008-05-28T21:23:00.003-04:00

What a pleasure it was to see so many fresh faces at this years HOA meeting! It is my hope that the "new blood" will help rejuvenate our wonderful neighborhood association. The current board members are excited to have several new members in addition to the several homeowners that volunteered for traffic committee, phone duty, watering plants and hosting social gatherings. Thank you and welcome. If you were unable to attend and would like to become involved, please email or call.

NEVER FORGET

2008-05-23T09:06:00.002-04:00

photo by Haley Dunnigan

My daughters, Haley and Kelly, took time to stop and takes photos at Heritage Park (Farmington Hills, Michigan) on a previous Memorial Day. God Bless those that have served our country. Thank you for your service and bravery.

OURS TO PROTECT

2008-05-21T21:56:00.003-04:00

Photo by Haley Dunnigan

The beautiful Minnow Pond Creek winds through our neighborhood. Please protect the creek.

For information on homes available to purchase in Kendallwood Farms, Farmington Hills or Oakland County, Michigan - please call Kristy Dunnigan at 248-417-6662 or visit www.KristyDunnigan.com

FHPD BICYCLE HELMET GIVEAWAY PROGRAM

2008-05-20T22:52:00.005-04:00

The Farmington Hills Police are pleased to announce the renewal of a program designed to place bicycle safety helmets where they belong, on the heads of the boys and girls of Farmington Hills. Once again, the Department has purchased a number of helmets to be distributed to young residents, beginning Monday, May 19, 2008. Through this special program, the helmets are made available to children who may not otherwise be able to obtain a helmet.

The helmets will be distributed 24-hours-a-day, seven-days-a-week at the Command desk located in the Police Department Headquarters at 31555 Eleven Mile Road. A parent or legal guardian must accompany any child seeking a helmet and show proof of Farmington Hills residency.

Last year the Farmington Hills Police Department gave away more than 600 helmets to children in the community. For additional information, please contact the Command desk at 248-871-2610.

For information regarding buying or selling Farmington Hills real estate, call Kristy Dunnigan at 248-417-6662 or visit www.KristyDunnigan.com.

FOR SALE

2008-05-19T12:10:00.003-04:00

"It's a great time to buy real estate!" has become practically the only statement these days that I am 100% certain is correct. Is it the "bottom of the market"? Who cares?? At these prices (and toady's interest rate), and the promise that someday the market WILL turn upward, real estate is a wonderful investment. I am not a financial planner but know one that would tell you the same thing.

And could there be a better neighborhood than Kendallwood to buy - no. Our wonderful neighborhood is surrounded by amazing schools, beautiful parks, houses of worship and shops. Call your family and friends that are looking to purchase a primary residence or an investment and tell them about Kendallwood Farms.

As of today, there are 14 homes available, ranging in price from $139,900 - $254,900.

$139,900 - 28469 Bay Tree Road features 3 bedrooms, 1.5 baths, 2 car attached garage, basement, 1340 square feet.

$254,900 - 32402 Bonnet Hill Road features 4 bedrooms, 2.5 baths, 2 car attached garage, basement, 2241 square feet.

The average asking price is $198,649 and the average days these homes have been available to purchase is 161 days.

Please call me at 248-417-6662 or email me for more information. Please visit my website at http://www.kristydunnigan.com/.

MORE SOLDS!

2008-05-18T22:05:00.003-04:00

Since the May 1st post, 3 (count them, three!) properties have sold in Kendallwood Farms!

The first is a 1487 square foot ranch on Ridgebrook Rd that features 3 bedrooms, 1.1 baths, finished basement and 2 car attached garage. The sold price was $159,500.

The second is a 2084 square foot split level on Bonnet Hill Rd featuring 4 bedrooms, 2 baths, unfinished basement and 2 car attached garage. The sold price was $200,500.

And, last (but definitely not least), is a 1870 square foot colonial on Old Forge Lane featuring 3 bedrooms, 2.1 baths, finished basement and 2 car attached garage. The sold price was $220,000.

In summary, these 3 properties had an average list (asking) price of $209,933, an average sold price of $193,333 and were on the market an average of 255 days.

If you know of any friends or family members that are considering a move to a new home, please have them call me at 248-417-6662 or visit my website at www.KristyDunnigan.com.

KFHA ANNUAL MEETING

2008-05-12T20:43:00.002-04:00

Kendallwood Farms Homeowners Association annual meeting will be held May 28th from 7 to 8:30p.m. at the Farmington Hills Library on 12 Mile Road. A quorum of at least 30 households is needed in order to conduct any business, so please attend - and bring a neighbor!

Volunteers are needed for the following positions: Board of Directors, Social committee and Traffic committee. Additionally, volunteers are needed for watering and weeding of our new entrances.

Please contact KFHA President Eric Stern at 553-2286.

Kendallwood Farms website is www.KendallwoodFarms.org

SOLDS!

2008-05-01T10:36:00.005-04:00

In the past 30 days, one house has sold in Kendallwood Farms. The home is located on Kendallwood Drive and features 4 bedrooms, 2.1 baths, basement, 2 car attached garage and is 2308 square feet. The sold price was $200,000.

Now I know what you may be thinking - What the heck! And I would have to agree and disagree with you. In fact, the way I see it is this...

Imagine you are the individual that just bought that home! WOW, what an amazing time to buy! How fortunate they must feel to be buying at this time is history and the good fortune they will have upon selling it. Even if they took a big hit when selling their home in order to move to our beautiful subdivision - they certainly may have made up the difference in the low purchase price of the new home on Kendallwood. Of course, I do not know the family that has recently moved in but I am sure to stop by soon and welcome them to Farmington Hills and Kendallwood Farms. Please do the same when you see a new family moving in.

If you know of any friends or family members that are considering a move to a new home, please call me at 248-417-6662 or visit my website at www.KristyDunnigan.com.

STEAL ONE WHILE YOU CAN

2008-04-30T17:03:00.004-04:00

Once again, I am posting the homes available to purchase in the Kendallwood Farms Sub. Encourage family and friends to buy a new home in our wonderful subdivision! There has never been a better time to buy real estate.

As of today, there are 15 homes available, ranging in price from $139,900 - $254,900.

$139,900 - 28469 Bay Tree Road features 3 bedrooms, 1.5 baths, 2 car attached garage, basement, 1340 square feet.

$254,900 - 32402 Bonnet Hill Road features 4 bedrooms, 2.5 baths, 2 car attached garage, basement, 2241 square feet.

For more information about these homes - or any other home for sale - please visit my website at www.KristyDunnigan.com or call my cell at 248-417-6662.

TAX RELIEF - IT'S WELL WORTH REPEATING

2008-04-19T17:42:00.003-04:00

Governor Granholm signed legislation allowing Michigan property homeowners to keep 2 principle resident exemptions for property still on the market after the seller has moved elsewhere in the state. The signing of this legislation is a huge step in aiding struggling sellers who have had homes on the market for over a year and have lost their principle residence status on that property.

Prior to this legislation, if a homeowner still owned two homes and May 1 rolled around, the homeowner would lose their homestead credit and property taxes would go up nearly 1 1/2 times what it was as their principal residence. Now homeowners in Michigan can keep two properties homesteaded at the same time, getting a tax break on both properties.

House Bill 4215, now Public Act 96 of 2008 sponsored by Representative Ed Gaffney enacts that the seller can retain an additional exemption for up to three years on property previously exempt as the owner's principal residence if the following circumstances are met:

1. The property is not occupied

2. The property is for sale

3. The property is not leased or available for lease

4. The property is not used for any business or commercial purposes

Retention of an existing homestead credit for an unoccupied home that is currently for sale would offer relief to sellers who have had to relocate for whatever reason.

Please contact me for the forms by May 1, 2008! Call me at 248-417-6662 or email Kristy.Dunnigan@gmail.com.

SNOW IS TO BLAME FOR SLOW MARCH SALES

2008-04-18T14:58:00.004-04:00

Sales figures for March cooled off a little from the previous two months. In February, for example, sales in Oakland County were up seven percent year-to-year. For March, sales dipped four percent. One likely culprit: the fourth snowiest March since 1880. And home buyers that may have been more active in the February-March time frame might have accelerated their buying schedule to take advantage of zero-down mortgages before banks largely stopped offering the option in January.

Oakland municipalities* experiencing year-to-year increases in March sales included:

White Lake Township, up 35 percent
Southfield, up 31 percent
Birmingham, up 29 percent

Last month, it was Birmingham that posted across-the-board positives. This month, it’s White Lake Township: sales volume was up 68 percent and the median sale price jumped 64 percent, while listings decreased nine percent.

Oakland municipalities that experienced sales drops include Rochester Hills (down 42 percent), Commerce Township (down 23 percent) and West Bloomfield Township (down 17 percent).

And Oakland County listings declined 14 percent from March 2007, following a decline of four percent in February and a modest 0.5 increase in January.

* Among municipalities with 15 or more sales.

METRO DETROIT'S STAGGERING BACKLOG

2008-04-13T19:58:00.002-04:00

Housing crisis yields 18.9-month supply of homes for sale
Inventory hurts owners but great news for buyers
BY GRETA GUEST • FREE PRESS BUSINESS WRITER • April 13, 2008

http://www.freep.com/apps/pbcs.dll/article?AID=/20080413/BUSINESS04/804130611

For information regarding the Real Estate One report in this article, please call me at 248-417-6662 or send me an email at Kristy.Dunnigan@gmail.com. To search for homes, go to www.KristyDunnigan.com

FORECLOSURE NEWS

2008-04-11T09:31:00.003-04:00

Foreclosures fall 16%

Metro Detroit properties heading into foreclosure fell 16% in March compared with the same time a year ago, according to a Thursday report.

Default Research of Mt. Pleasant, Pa., said Oakland and Macomb counties had 650 foreclosure notices and Wayne County had 2,000. Wayne County had the highest foreclosure rate at 3.59%, followed by Macomb with 2.49% and Oakland with 1.6%.

The company said the hardest-hit cities in Wayne County were Detroit, with 1,108 notices of sale filed, Redford with 106, Westland with 90 and Dearborn with 69.

In Macomb County, Warren had 131, Sterling Heights had 66, Roseville had 64, St. Clair Shores had 58 and Eastpointe had 55.

In Oakland County, Southfield led with 76, Pontiac followed with 54, then Oak Park with 40, Farmington Hills, 33, and White Lake with 32.

For more information about Farmington Hills foreclosures, please call Kristy Dunnigan @ 248-417-6662 or email Kristy.Dunnigan@gmail.com. You may also like to search for properties at www.KristyDunnigan.com .

FIVE REASONS YOU NEED A REALTOR

2008-04-10T17:19:00.002-04:00

1. A real estate transaction is complicated. In most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. A knowledgeable guide through this complexity can help you avoid delays or costly mistakes.

2. Selling or buying a home is time consuming. In today's market, homes in the area can stay on the market for more than six months. And it usually takes another 60 days or so for the transaction to close after an offer is accepted.

3. Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with someone who speaks that language.

4. REALTORS® have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. That’s why having an expert on your side is critical.

5. REALTORS® provide objectivity. Since a home often symbolizes family, rest, and security, not just four walls and roof, home selling or buying is often a very emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you keep focused on both the business and emotional issues most important to you.

Please contact me for more reasons to use a REALTOR. I can be reached at 249-417-6662 or Kristy.Dunnigan@gmail.com

TAX RELIEF

2008-04-09T21:48:00.001-04:00

Yesterday, Governor Granholm signed 3 significant pieces of REALTOR® supported legislation. First, legislation enabling home sellers to retain 2 principal resident exemptions for property still on the market after the seller has moved elsewhere in the state. The signing of this legislation is a huge step in aiding struggling sellers who have had homes on the market for over a year and have lost their principal residence status on that property.

House Bill 4215, now Public Act 96 of 2008 sponsored by Representative Ed Gaffney (R-Grosse Pointe Farms) enacts that the seller can retain an additional exemption for up to three years on property previously exempt as the owner’s principal residence if the following circumstances are met:

the property is not occupied,the property is for sale
the property is not leased or available for lease
the property is not used for any business or commercial purpose

The Michigan Association of REALTORS® (MAR) was active in pointing out to lawmakers that the struggling economy in Michigan has forced several home sellers to relocate to other areas of the state, in some instances continuing to market a home that they have not lived in for over a year. As a result, the home was no longer treated as a principle residence and the homeowner lost the principal residence exemption. Retention of an existing homestead credit for an unoccupied home that is currently for sale would offer relief to sellers who have had to relocate for whatever reason. The MAR is grateful to Representative Gaffney for being receptive and following through on this very important piece of property tax relief.

SOLDS!

2008-04-01T21:49:00.002-04:00

Today I will update you on the recent solds in Kendallwood Farms. Since my last post on homes sold, February 21, the home I featured in this blog on February 27 sold for the sad, sad low price of $150,000! It is the only home that has sold in the past 90 days in our subdivision.

If you have any questions regarding real estate in Kendallwood Farms, Farmington Hills or Michigan, please visit my website at http://www.kristydunnigan.com/ or call 248-417-6662.

SPRING YARD WASTE PICKUP RESUMES

2008-03-18T12:47:00.002-04:00

Spring Yard Waste Pickup Resumes Monday, March 31

Yard waste collection will resume in the City of Farmington Hills on Monday,
March 31. As of that date, all yard waste placed at the curbside in acceptable
containers will be collected by the yard waste truck on the regular garbage day.
Acceptable yard waste includes leaves, grass, shrub clippings, twigs, and plant
materials.

There are three options available for yard waste disposal:

1. Place yard waste in a trash can (32-gallon size limit) with a “Yard Waste”
sticker available free from City Hall or the DPW.
2. Put yard waste in a brown paper yard waste bag.
3. Use a mulching mower and recycle leaves and grass clippings back into
the lawn.

Small limbs (six inches in diameter or less) and brush must be tied in bundles
that do not exceed four feet in length or weigh more than 60 pounds per
bundle. Unbundled brush and large limbs will not be picked up. Also, any brush
or twigs placed in cans or bags should not stick out above the top of the
container and large quantities of dirt or sod are not accepted for pickup.

For more information, call the DPW at 248-871-2850 or visit www.fhgov.com.

APPEALING PROPERTY TAXES

2008-03-07T16:29:00.001-05:00

A Nutshell Lesson for Your 10 Minute Presentation
By Randy Repicky, GRI, JD

With our Michigan economy and money supply tight, many people are looking for financial relief. Our 2008 tax assessments have arrived and while they have provided a reprieve for many, some tax payers are scratching their heads wondering, “They say my value dropped, so how can it be that my taxes have again gone up?”
This year, the assessors and Boards of Review have been swarmed by upset tax payers looking to land one of the few available appeal appointments in the next few weeks. Some cities have limited appeal hearings to 10 minutes. My purpose in writing this is twofold: first, to help those who have a case, prepare it; second, to help those who don’t, understand why they don’t so that they don’t waste their time trying.
There is one and only one question that typically matters with a Board of Review… do the SEV(State Equalized Value) or Taxable Value exceed 50% of the market value of the property? Things that are irrelevant and not actionable by the Board of Review include: taxes going up while values are dropping; and the fact that subject property taxes are higher than taxes of neighbors, the fact that a property owner feels her taxes are excessive. Even if the taxpayer is right, it doesn’t matter. What does matter for Board of Review purposes and for a decision that will affect this year’s taxes is that the taxpayer shows their new Taxable value is greater than 50% of the market value of their home as of the December 31st of the prior year.
Since 1994 Michigan property taxes have had 3 values:
SEV = assessor’s estimate of 50% of the market value of your home.
Capped Value= the 1994 SEV (or the SEV from the year following the most recent transfer of ownership) plus annual adjustments for cost of living (CPI, not to exceed 5% in any year).
Taxable Value= the lesser of the SEV or Capped and the factor that is multiplied times the city’s tax rate to determine property taxes.
In the late ‘90’s we had a little tortoise and the hare action as property values and SEVs were shooting up and Capped/Taxables were plodding along behind. We’re seeing situations today where the tortoise has gotten close or even passed the hare. We rarely saw Capped values exceed SEVs. We are starting to see that now, with declining property values pulling down SEVs and cost of living increases lifting Capped values. It is especially common where there was a recent sale and “uncapping” followed by a reduction in the SEV by the Assessor.
SEVs are adjusted by our Assessors, while our Caps are statutorily adjusted according to the Consumer Price Index (2.3% for 2008 and roughly 2-3% in recent past years).
Back to appeals
While there may be a reason we may want to reduce our SEV (i.e. in anticipation of an upcoming sale), for most taxpayers, the number of most significance is the Taxable value. The other numbers may or may not mean anything to us, but our Taxable Value is the factor that the Assessor multiplies times our tax rate to determine our property taxes. To lower my 2008 taxes, I need to demonstrate to the Assessor and Board of Review that my Taxable Value exceeds 50% of the market value of my home as it sat on December 31, 2007. Be focused. For practical purposes, Nothing Else Matters!
It doesn’t matter that I think my taxes are too high. It doesn’t matter that I pay more than my neighbor whose house is 75% larger. It doesn’t matter that my taxes went up while my value (even according to the Assessor) dropped. Basically the only way I can get my Taxable Value and/or SEV reduced is to demonstrate to the Assessor and Board of Review that my Taxable Value or SEV exceeded 50% of the market value of my home as of December 31, 2007. Again the number of most significance for a reduction of this year’s taxes is Taxable Value. Unless I can persuade the Board of Review that my Taxable Value exceeds 50% of the market value of my home, I won’t save anything on my 2008 taxes.

Assembling and presenting your case.
As the tax payer, it is my responsibility to collect the materials and present a case (in about 5 minutes) that will convince the Board of Review that my Taxable Value and/or SEV exceed 50% of the market value of your home. Some people choose to pull together recent sold information on their own. Some hire appraisers. Many who have existing relationships with good real estate professionals call on them for help.

Keep it clear and simple.
Walk in the door with a positive attitude. Be nice. Today you are a salesperson making a sales presentation. Your job is to make it easy for the Board of Review to see and agree with your point. You only have about 5 minutes to present and a few minutes to answer questions. Focus on Value. If you are bringing comparables or other visuals, make copies so each member of the Board of Review has a copy. Keep it simple and tight. Be logical, reasonable and friendly (you are asking the same of the Board members).
If you recently purchased your home and your SEV/Taxable are higher than they should be, it is important that you appeal your assessment in the year following your purchase. By doing so, you preserve what might be the most compelling piece of evidence you have in establishing its market value… the selling price of your home. By doing so in the year following your purchase you will also establish a new starting benchmark which may affect and reduce taxes this year and all future years you live in the home.
The purchase price of a home is not conclusive in itself. We need to establish: that the home was on the open market for a period of time; that the transaction was an arms-length transaction; that the sale price is the best indication of market value as of the date of the sale; and that due to market conditions, the value of the property as of December 31st in the preceding year had not increased since the sale.

Results from Your Hearing
Appealing taxpayers typically don’t receive an answer while at the Board of Review hearing. Different Boards may work in different ways, but most often, taxpayers present their case and leave. Board members then review and discuss the evidence behind closed doors and make a decision that is then sent to the taxpayer via mail which arrives a few weeks later with directions for appealing the Board of Review decision.
As a community service, the Grosse Pointe Board of REALTORS® recently hosted a free Property Tax Appeal presentation at the Grosse Pointe War Memorial. There are some helpful materials from that presentation that are available on the GPBR web site gpbr.com.
There has never been a time when homeowners were more in need of professional help from a REALTOR®. We are blessed in Grosse Pointe with a professional organization (the GPBR) and its members who are well trained and caring. As a homeowner, whether you need help with property taxes, or getting out of a mortgage-related bind that so many homeowners are in, a good REALTOR® is an invaluable professional resource. Today, more than ever before, we do so much more than just sell homes. We help diagnose problems and guide our clients to solutions.
How to Appeal Your Property Taxes Presentation
Johnstone & Johnstone will be conducting three mini tax appeal presentations for the public on Saturday March 15th from 2:00 pm to 3:30 pm; Monday March 17th from 7:00 p.m. to 8:30 p.m.; and Tuesday March 18th from 7:00 p.m. to 8:30 p.m. The presentations will take place in J&J office conference rooms (82 Kercheval in Grosse Pointe Farms). Space is limited. To attend any of these sessions, please call 313.884.0600 for reservations.

Randy Repicky, GRI, JD is a real estate salesperson, sales manager of the Johnstone & Johnstone office of Real Estate One, Director/Officer and Past President of the Grosse Pointe Board of REALTORS®; and a member of the Michigan Bar Association. Questions/comments can be directed to Randy via phone or email: 313.530.1710; randy@repicky.com.

Women’s Self-Defense Seminar

2008-03-03T17:36:00.002-05:00

The Farmington Hills/Farmington Emergency Preparedness Commission will present
a women’s self-defense seminar on Saturday, March 8 from 9 to 11:30 a.m. at the
Costick Center, located on Eleven Mile Road between Middlebelt and Inkster.
Through a series of close-range drills, participants will learn situational awareness
skills and self-defense skills. The class will be taught by Jeff Duncan, master
instructor and 5th degree black belt; his wife Connie, 2nd degree black belt and
chief instructor; and additional female black belt instructors from Farmington
Martial Arts.
The self-defense seminar is open to all women ages 11 and up. A $5 registration
fee will cover class supplies and also a tax-deductible donation to HAVEN (Help
Against Violent Encounters Now), an Oakland County crisis and counseling center
for victims of domestic violence.
Advance registration is required. If financial help is needed with the seminar fee,
please mention this at the check-in table prior to the event. To register, call the
Costick Center at 248-473-1800.

PROPOSAL A

2008-02-29T10:11:00.001-05:00

By Stacy Jenkins OBSERVER STAFF WRITER

You might say, the honeymoon is over.
As homeowners in Farmington and Farmington Hills receive their annual property tax assessments in the mail this week, many will see numbers unlike they've seen in the past 14 years.
Proposal A, approved by Michigan voters in 1994, is now showing another side of the coin. Many homeowners are seeing their property values decrease, but taxes increase.
The two figures listed on the assessment are the State Equalized Value and the taxable value. The SEV is typically half the market value of the home, based on comparable home sales. The taxable value is used to calculate property taxes and is normally lower than the SEV, unless the property recently changed owners.
For years, increases in SEVs have been higher than the increases in taxable values, which are capped at the annual rate of inflation or 5 percent, whichever is less. SEVs have typically increased by 5-8 percent, creating a gap between the figures.
Farmington Hills Assessor Dean Babb said that gap is closing.
"This year, it's wholesale; everybody is seeing a reduction in their SEV," said Babb, noting the decrease ranges from 1-15 percent in Farmington Hills.
Babb said 56 percent of all Farmington Hills homeowners purchased their home prior to 1994, so the majority of homeowners will experience this situation.
"Proposal A is no longer working to their advantage," he said.
That's because the housing market has declined. The Farmington Hills Assessing Department used a 12-month sales study (from Oct. 1, 2006, to Sept. 30, 2007), neighborhood by neighborhood, to determine values for the 2008 assessment cycle.
"Nothing changes with the law because the market is down," said Babb, noting Proposal A benefited many property owners for years. "Nobody has control over that calculation. We are doing our best to be reflective of the current market."
A record number of foreclosures (more than 300 in 2007 in Farmington Hills) plays only a small part in determining values, said Babb, because they do not make up the predominant transaction in the general housing market.
While there is no recourse to the way Proposal A is affecting homeowners, Babb said he anticipates a high number of appeals at the annual Board of Review sessions, scheduled for March 10-12. Ten-minute appointments can be scheduled by calling the Assessor's Office at (248) 871-2470.
Assessments are being mailed this week and they include a brochure, "Understanding Proposal A in a Declining Market."
"Before residents pick up the phone, they should read the brochure," said Babb.

sjenkins@hometownlife.com (734) 953-2131

www.KristyDunnigan.com - 248.417.6662

Assessment Appeal Procedures

2008-02-28T20:51:00.001-05:00

Notices of annual changes in property tax assessments are mailed to all residents each year in February. Residents who wish to appeal the assessed or taxable value of their property by the Assessors Office may do so to the local Board of Review. The Board of Review meets annually during the second week of March.
Residents may appeal in person, by scheduling an appointment with the Assessor's Office or by letter. Letters must be received before the last day of the scheduled Board of Review meetings. Residents who appeal their values will need to provide market evidence if they believe that the assessment on the home is excessive. Residents may also appeal to the Board of Review if the taxes levied against their property create a financial hardship. To appeal based on hardship, you must complete an application through the Assessor's Office.
If you have any questions or concerns about assessments, contact the Assessor's Office at (248) 871-2470.

Contact me at www.KristyDunnigan.com for market information you may need in order to appeal.

BEST DEAL

2008-02-27T22:34:00.005-05:00

In my professional opinion, this home at 28767 LEAMINGTON DR is a very good "deal". It is a foreclosure, yet is in good condition. (rare, I know)

This 2285 square foot home features 4 bedrooms, 2.1 baths, newer kitchen, family room with fireplace, 2 car attached garage, hardwood floors throughout, 1st floor laundry and a large yard with a large deck. WOW! All for $175,750 - and that, of course, is negotiable.

Call 248-417-6662 for a showing on this, or any property.

FORECLOSURE HELP

2008-02-26T13:17:00.000-05:00

Don’t Lose Your Home to Foreclosure - There is Help Available

It is no secret that a number of our residents and fellow Michiganders are facing some economic challenges that are affecting their ability to maintain their quality of life. More and more individuals and families are finding it increasingly difficult to make their mortgage payments resulting in possible foreclosure. The most unfortunate thing is that many do not realize that they don’t have to lose their homes. In many cases, there are programs available designed to assist homeowners in getting back on track.

If you are facing foreclosure, there is help available. The City of Farmington Hills has assembled the following information to assist homeowners in finding the help that they need. Go to
http://www.ci.farmington-hills.mi.us/Services/PlanningAndCommDev/CommunityDevelopmentOffice/Foreclosure.asp .

FOR SALE

2008-02-25T09:50:00.002-05:00

From time to time, I will post the homes available to purchase in the Kendallwood Farms Sub. Encourage family and friends to buy a new home in our wonderful subdivision! There has never been a better time to buy real estate.

As of today, there are 24 homes available, ranging in price from $149,900 - $249,900.

$149,900 - 28469 Bay Tree features 3 bedrooms, 1.5 baths, 2 car attached garage, basement, 1340 square feet.

$249,900 - 32374 Craftsbury Court features 4 bedrooms, 2.5 baths, 2 car attached garage, basement, 2200 square feet.

For more information about these homes - or any other home for sale - please visit my website at www.KristyDunnigan.com or call 248-417-6662.

SOLDS!

2008-02-21T16:41:00.005-05:00

From time to time, I will post an update on the most recently sold properties in Kendallwood Farms. In the past 180 days, 9 homes have sold - ranging from $95,000 (Ridgebrook Rd) to $225,040 (Farmersville Rd.) The average list price was $194,467 with the average sold price of $180,694. Sad, but true!

If you have any questions regarding real estate in Kendallwood Farms, Farmington Hills or Michigan, please visit my website at http://www.kristydunnigan.com/ or call 248-417-6662.

RATES TO DROP IN LATE 08

2008-02-20T15:30:00.000-05:00

Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on Feb. 14 that the central bank is likely to make fewer rate cuts in the immediate future.

Over the past six months, the Fed has cut rates by a total of 2.25 percentage points; but the aggressive moves have not done much to alleviate the credit squeeze. Bernanke said the economy is more likely to see the benefits of the rate cuts in the second half of the year, and analysts now say the markets still expect the Fed to cut rates at its next meeting on March 18 but do not expect it to be as aggressive in doing so.

The Fed "is signaling less rather than more in the way of future rate cuts and this is disappointing to those who feel more is necessary," says Richard DeKaser, National City Corp. chief economist.

Source: REALTOR® Online Magazine

Welcome

2008-02-19T00:23:00.000-05:00

How exciting! A new real estate blog! OK, not new real estate - new blog. You get the point. Moving forward, I will post "all things" real estate concerning Kendallwood, Farmington Hills and Michigan. Occasionally you'll find something that doesn't have anything to do with real estate but I will try to say on topic. Feel free to contact me at my website www.KristyDunnigan.com if you you would like to suggest a topic, ask a question or contribute to the blog.

WHY BUY?

2008-02-19T00:06:00.001-05:00

Why Own?

There are many great reasons to consider owning a home:

You'll have a place that is yours!

You'll own it, have a place to raise your children and become a part of your community. You can pass your home down to your children, and their children, creating security for generations to come.

You may pay less to own a home than you would to rent – and it's yours at the end!

Homeownership can reduce the federal income taxes you pay. You can deduct the interest on your home mortgage and property taxes you pay on your home on the tax returns you file each year. These tax savings partially reduce, or offset somewhat, the actual cost of owning your home.

Your monthly payments won't ever go up if you choose a fixed-rate mortgage!

If you choose a mortgage with a fixed-interest rate (one that stays the same for the life of the loan, say 30 years), you'll pay the same mortgage payment each month for the entire 30 years of the loan (if your taxes go up, your escrow will go up – increasing your monthly payment).

You'll build a good nest egg!

Owning a home and building equity is the single greatest source of financial security and independence for the majority of people who've taken this step.

Neighborhood Realtor

2008-02-18T22:30:00.006-05:00

http://www.kristydunnigan.com/