$8000 Tax Credit Extension is Approved

6 11 2009

Grand Rapids Real Estate Market Update

$8000 first Time Home Buyer Tax Credit Extension The $8000 First Time Home Buyer Tax credit was approved and is now on the President’s desk for signatures. This current extension does have a few changes, for the better in my opinion. For first timers, the $8000 tax credit is extended until April 30th, 2010. The major addition is a $6500 Tax credit for existing home owners. Effective the day of the signing, this gives current homeowners, that have owned their current home for more than 5 years, a credit and incentive to move up or sell their home.This is nice for homeowners to help with their closing costs. Income limits have also been increased to $125,000 single or $225,000 married and you can claim this credit on any home up to $800,000 in price.

Many people have used this tax credit to help with their home purchase and it has helped the market recover, so this latest extension is welcome. Here is a list of Tax Credit Highlights.

For more information about the Grand Rapids real estate market, visit my website at GRRealEstateInfo.com or contact me any time.





Downtown Grand Rapids Condos That are FHA Approved

13 10 2009

 

Grand Rapids Condos Downtown Grand Rapids offers some incredible condos from cool, affordable urban studios at the Hillmount or the Boardwalk condos, to luxurious penthouses and lofts at Riverhouse condos or the Fitzgerald Condos. One of the problems we have been experiencing with buyers wanting to purchase a downtown Grand Rapids condo has been financing. Many of the condos, especially the “boutique” condos like Peck, Front Row, Cityview or 65 Monroe require a conventional mortgage with ten to twenty percent down. It can be difficult to come up with that amount of cash  on hand.

Having said that, there are some condos that are FHA approved. This is important to many buyers, especially first time condo buyers looking to capitalize on the $8000 Tax credit. With an FHA loan, you need only pay a 3.5% downpayment on the loan. Much better than 10% or 20%!

Boardwalk Condos Boardwalk condos are FHA approved! Just before last Christmas they were approved. Boardwalk is a great building with many amenities including a pool hot tub area, game room, theatre room, fitness center, roof top deck, salon and JD Reardon’s bar. These condos are loft style with exposed brick, exposed duct work, river views and tall ceilings. Many floor plans are available from studio, 1, 2 and 3 bedrooms and there are two courtyards, one with the pool and the other with a peaceful, wooded area where the outdoor grills are located.

The Hillmount condos are FHA approved! The Hillmount condos offer aHillmount Condos little different feel to the Boardwalk. The building itself is an older, solid brick buillding and it does offer a few amenities such as wireless (wifi) internet, fitness center and an awesome rooftop deck with grill. Many of these condos offer lovely hardwood floors and updated kitchens with stainless steel appliances. This is a great building located at the corner of College and cherry, minutes from the downtown core. Pets are allowed.

Union Square condos Union Square condos are FHA approved! Union Square is one of the coolest buildings in town. You have probably seen it while driving on the expressway at the junction of I-96 and US-131 highways. The building is the Union Square High School and there is a big mix of condos here from affordable 1, 2 and 3 bedrooms which also includes some incredible penthouse units. Amenites include a very nice fitness center and the  roof top deck, pool and hot tub. These condos are loft style similar to Boardwalk but with more floor plans and larger windows. Some of the old school features like chalk boards and lockers have been blended in with the modern condo features.

Fulton Street Flats are FHA approved! This is a new addition to the downtownFulton Street Flats condo scene and has just been approved. These are affordable 1 and 2 bedroom condos with some nice standard features accross the street from Davenport University and minutes to the downtown core. Some features include large balconies, hardwood floors and granite counters. I like the location here and for the money, you get a good sized condo with reasonable association fees, parking and laundry rooms in each unit.

For more information on any of these Grand Rapids downtown condos, visit my website or contact me any time.





Realty Executives Comes To West Michigan

30 09 2009

The Platinum Realty Group is now affiliated with Realty Executives.

Grand Rapids Real Estate

I am excited to announce that the Platnum Realty Group is now affiliated with Realty Executives. This is a great opportunity for everyone involved including our Realtors, their families, clients and business partners. The Platinum Realty Group has always been a family oriented broker that has always put customer service above all else. Affiliating with one of the fastest growing national real estate companies, with offices in 18 countries, opens up many doors and will only benefit our clients.

Realty Executives Platinum Group will now be able  to provide cutting edge marketing tools with which their agents can use to market their client’s homes. This increased national and international exposure can only help us sell these properties and open up doors to buyers relocating to the Grand Rapids area. For more information on the local Grand Rapids market or to request a Relocation Package, visit my website at GRRealEstateInfo.com or contact me any time.





$8000 Tax Credit Ending Soon – Grand Rapids Real Estate Update

10 09 2009

$8000 Federal Tax Credit is Ending Soon

Grand Rapids Tax credit If you are thinking of purchasing a Grand Rapids home or condo and want to use the First Time Homebuyer’s $8000 Tax credit, time is running out. To qualify, you can’t have owned a home in the last 3 years and you must purchase a home before December 1st 2009. This is a real credit and does not have to be repaid. Many clients have taken advantage of it this year.

In order to close on a home by the end of November, your should be looking right now. My website provides all of the listed homes on the MLS Database and the search is free. Feel free to use it and if you have any questions, let me know. Once you find your home or condo, you will need to have an accepted offer before the end of October, just to be on the safe side.

If you don’t know where to start and would like to talk to a lender, give Scot Veneklase a call at Exchange Financial. Scot can be reached at 616-957-3480.

Click Here for a 2009 Tax Credit Q & A





Hillmount Condo For Sale – Downtown Grand Rapids Condo Update

18 05 2009

 

Excellent opportunity at Hillmount Condos – FHA Approved

Hillmount Condos Work Downtown and Live Downtown at the Hillmount Condos. This upgraded, large 1 bedroom – 1 bath corner unit has undergone extensive remodeling and is as good as new. Walls have been removed to open up the kitchen and it really works well in this downtown Grand Rapids Condo. The kitchen/dining/living area flow together to create a wonderful space to live and entertain. Some of the upgraded features include Maple Cabinets, Hardwood Floors, Stainless Steel Appliances, Bathroom Tile and a huge bedroom with dual closets.

Hillmount Condos are located at the corner of Cherry St and College at 505 Hillmount Condos Grand RapidsCherry St SE. These condos feature one of the coolest rooftop decks in town, a well equipped fitness room, wireless internet and is located 15 minutes from all of the excitement of downtown. Hillmount is also close to St Marys Hospital and has off street parking and secure entry. Take advantage of historically low interest rates and the $8000 Federal Tax to own this condo today. Use the $8000 towards your downpayment.

Heritage Hill Condos Hillmount condos were originally apartments and were constructed in 1959. These condos were carefully restored by into cool Art-Deco/Moderne style downtown Grand Rapids residences. The building itself is solidly built with very little-to zero noise transfer between walls and floors. Air conditioning is provided by a window A/C unit or an interior A/C unit. This particular unit was originally finished last year and only very briefly lived in. It’s better than new.

If you are looking for Heritage Hill real estate, homes or condos, visit me at GRRealEstateInfo.com or contact me any time. Click here to view the Online Flyer.





El Dorado Condo Listings – Downtown Grand Rapids Condo Update

26 03 2009

 

New Listings at El Dorado Condos

El Dorado Condos Now here is a great opportunity to own a condo in the Heritage Hill Historic District. I will be listing the four remaining condos in the El Dorado Condominium development located at 512 Lyon St NE. There are two – 2 bedroom condos and two – 1 bedroom condos for sale. These condos will be offered as-is, or white box condition and we are putting together several purchasing options.

All four condos will be offered separately however, all four condos can be purchased together as a package.  This is a fantastic opportunity to own a downtown Grand Rapids condo within walking distance to the Grand Rapids Medical Mile.

Heritage Hill Condos

El Dorado Condos are Chicago-style Flats converted from an historic building that was built in 1910. This uniquely U-shaped, 13 unit condo features original hardwood floors, enclosed porches and a wide open floor plan. The floor plan is very nice and lends itself to entertaining quite well. The 2 bedroom condos have large bedrooms and over 1000 square feet of living space and the one bedroom condos have 625 square feet. The buildings have secure entryways and if you work in the Medical Mile or attend school here, these would be a good location to live.

For more information on these or any other Grand Rapids Condos, please visit my website at GRRealEstateInfo.com or contact me any time.





310 Eola St SE – Grand Rapids Short Sale

17 02 2009

310 Eola St SE – Affordable Alger Heights Home For Sale, $90,0310 Eola St SE00

Another great listing offered for sale in Alger Heights at 310 Eola St SE. This cute 1 1/2 story has three bedrooms, two full baths and and a newly remodeled full basement. This charming home is very clean and has hardwood floors, a newer roof and furnace. The full basement was recently remodeled with new laminate floors, a full bath was added as well as a laundry room. A few more finishing touches and your creativity, is all that is required.

Since this home is offered as a short sale, any offers are subject to the bank’s approval. We have a Certified Debt Negotiator working directly with the lender on our behalf and communication has been started with the bank. This is something that we offer to all of our homeowners that may be in danger of drastically falling behind in payments and going into a foreclosure. Selling your home as a short sale is far better than having a foreclosure on your credit report.

Affordable Alger Heights Home For Sale

This is home would make for a great starter in Alger Heights. Located close to 28th st and US-131, if you are a First Time Home Buyer, you could be eligible to take advantage of the $8000 First Time Homebuyer Tax Credit that is being offered by the government. This is truly a credit and does not have to be paid back.

This property is very easy to show. If you have any questions, or would like a tour, please contact me or call me direct at 616-570-1871. Visit my website at GRRealEstateInfo.com to view our other featured properties for sale in Grand Rapids and the surrounding areas.