Thursday, July 24, 2008
A 1.3 acre county-owned parcel along Grand River is awake for sale. The Livingston County Board of Commissioners agreed the measure at Monday night's meeting with a few conditions. The parcel is located in front of the county's East Complex in Genoa Township and any sale is contingent on the completion of plans to enlarge Golf Club Road south of Grand River. Those plans are part of a development project to construct an Aldi low-cost supermarket where a real estate office and vacant McDonald's currently sit. By extending Golf Club, the intersection would become a full four-way crossing with a light and is expected to develop traffic flow through the area. Commission Chair Bill Rogers tells WHMI its mainly a matter of protection at the intersection. Rogers says the property is priced at just over $683,000 - not in today's market - but the more robust one of a few years ago. Though, they've set the starting price at $700,000. Commissioner Don Parker direct the only no vote. He tells WHMI he doesn't think there is a compelling sufficient reason to sell the real estate. The proceeds will help offset the county's portion of the expenses of realigning the road, which Rogers estimates at about $120,000. Any remaining money would go to its capital improvement fund.
For More Details Refer this URL: http://www.whmi.com.
For More Details Refer this URL: http://www.whmi.com.
posted by malar @ 1:03 AMpermanent link | Post a Comment |
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Sunday, July 13, 2008
Things are not as terrible in the real estate market as the national and Chicagoland news media make it out to be.
When national and Chicagoland statistics are given, they don't reflect what's happening particularly, for example, in Palatine or Arlington Heights.
Real Estate is always limited.
There are areas around Chicago that are actually hurting. in a tough economy, everything pulls in. Those areas, of course, are averaged into the overall Chicagoland data.
As of June 1st, mortgage financier Fannie Mae began requiring a least down payment of 3 to 5 percent on all loans it guarantees for single-family, owner-occupied properties.
That's down from 20 percent. That's massive!
Buyers need to have good praise, as they always should have. Since most first-time buyers usually don't have 20 percent to put down, this new change should dramatically help more first-time buyers to buy.
This in turn will assist the "move-up" buyer to sell his home, so that he can move up.
For More Details Refer: http://www.dailyherald.com
When national and Chicagoland statistics are given, they don't reflect what's happening particularly, for example, in Palatine or Arlington Heights.
Real Estate is always limited.
There are areas around Chicago that are actually hurting. in a tough economy, everything pulls in. Those areas, of course, are averaged into the overall Chicagoland data.
As of June 1st, mortgage financier Fannie Mae began requiring a least down payment of 3 to 5 percent on all loans it guarantees for single-family, owner-occupied properties.
That's down from 20 percent. That's massive!
Buyers need to have good praise, as they always should have. Since most first-time buyers usually don't have 20 percent to put down, this new change should dramatically help more first-time buyers to buy.
This in turn will assist the "move-up" buyer to sell his home, so that he can move up.
For More Details Refer: http://www.dailyherald.com
posted by malar @ 4:28 AMpermanent link | Post a Comment |
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