$135,900 :: 46873 OAK POINTE DR., Update MI, 48042

3 beds, 2 baths
Home size: 1,575 sq ft
Lot Size: 0 sq ft
Added: 04/06/18, Last Updated: 04/06/18
Property Type: Single Family
MLS Number: 486708
Community: Macomb Twp (50008)
Status: Sold

Listed with Realty Executives Associates, Inc.


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet.

The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate increases to 1.5 percent to 1.75 percent.

“Job gains have been strong in recent months, and the unemployment rate has stayed low,” the Fed said in its statement. “Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readings.”

Going forward, consumers will continue to see an uptick in the cost of borrowing on everything from credit cards to car loans to mortgages.

This is the first rate hike of 2018 but it’s not the last, according to economists. Another two or three rate hikes are anticipated for this year, according to Robert Dye, chief economist for Comerica Bank.

“Higher interest rates are negatives for most households,” Dye says.

The U.S. economy has much going for it on the upside—strong job growth, rising home values, some wage growth and higher consumer confidence, and a federal tax cut that is putting more money in many wallets.

“I think the positives will outweigh the negatives this year and we will see a strong year for non-auto consumer spending,” Dye says.

Here are some things to pay attention to now in a rising-rate world:

  1. Budgets, unlike college basketball brackets, aren’t likely to be busted.
    The theory is that the Fed has room to raise rates because the job market is so strong. As wages rise, consumers may not be under so much pressure to borrow or they’d be able to afford slightly higher rates.

Rates are expected to climb gradually, so consumers still have time to refinance or borrow earlier in the year to avoid higher rates later on down the road.

Mark Zandi, chief economist for Moody’s Analytics, says his expectation is that mortgage rates and car loan rates will be up by at least a half a percentage point a year from now. For savers, new CD rates are expected to be about a quarter percentage point higher a year from now.

“The economy is set to boom,” Zandi wrote in a report this week. “Growth is already strong—well above the economy’s potential—and will soon accelerate. A massive dose of fiscal stimulus measures, including both deficit-financed tax cuts and federal government spending increases, has just begun to hit the economy.”

  1. Consumers aren’t stressing out.
    Policy wonks and bankers keep a close eye on all things Fed, but a recent NerdWallet survey indicated that 62 percent of respondents claimed that they didn’t know the Fed raised rates last year. The Harris Poll on behalf of NerdWallet surveyed 2,000 U.S. adults ages 18 and older.

As of the last hike, the Federal Reserve will have raised rates six times since December 2015. The Fed raised rates three times in 2017, once in 2016 and once in 2015.

  1. Borrowing costs aren’t sky-high.
    Mortgage rates rose for a good part of 2018 on strong jobs reports. The average 30-year fixed rate has gone up to 4.54 percent from 4.15 percent in early January, according to Bankrate.com.

“Borrowing costs are still relatively low, but moving higher and that’s why consumers need to get out of variable-rate debt and lock in fixed rates to insulate themselves from further increases,” says Greg McBride, chief financial analyst for Bankrate.com.

McBride says he’s expecting mortgage rates to remain around 4.54 percent by year-end, but he’s expecting plenty of volatility. At some point, mortgage rates could drop significantly if geopolitical issues arise or the U.S. economy slows down.

As for other rates, McBride says he’d expect the average five-year car loan rate to be 4.85 percent by year-end, up from 4.46 percent now.

Consumers aren’t seeing anything close to the average 8 percent for a car loan consumers faced in January 2006, according to Jessica Caldwell, executive director of industry analysis for Edmunds.com.

Savers are likely to see higher rates, too. McBride expects the average rate on a one-year CD to be 0.7 percent by year-end, up from 0.49 percent now. The average rate on a five-year CD is expected to be 1.5 percent by year-end, up from 1.10 percent now.

  1. Ignoring the trend toward higher rates won’t help.
    As rates edge higher, savvy consumers will want to take extra care to shop around for loans and CDs.

Making sure to pay bills on time—and not get overburdened with debt—will help keep credit scores higher and borrowing rates lower for individuals.

The average rate for credit cards is the highest ever, at 16.84 percent—and those rates would edge even higher once the prime rate goes up, according to McBride.

“But consumers with good credit can still get 0 percent offers for purchases and balance transfers that last as long as 15 months,” McBride says.

The key, of course, involves maintaining a strong credit score.

Charlie Chesbrough, senior economist for Cox Automotive, notes that rates on car loans are near five-year highs, but rates remain relatively affordable, particularly for those with good credit.

“Higher lending costs impact car buyers in different ways,” Chesbrough says. “For customers with good credit, the monthly payment on a $35,000 five-year car loan will rise about $15 a month from a 1 percent interest rate increase.”

Consumers with lower credit scores are seeing much bigger rate hikes on the car loans they’re taking out.

“Assuming a continuation of credit tightening, subprime borrowers will see much larger cost differences,” Chesbrough says.

  1. Consumers can control some borrowing costs.
    Most credit cards have variable rates and the interest rate goes up every time the Fed raises rates. Most home equity lines of credit have a variable interest rate that’s tied to the prime rate. The prime rate goes up when the Fed raises short-term rates.

“Variable-rate debt, such as credit cards and home equity lines of credit, will only cost more as interest rates rise,” McBride says. “Transfer balances to low-rate cards, refinance into a fixed-rate home equity loan, or just pay down the debt aggressively—but do it now.”

©2018 Detroit Free Press
Visit the Detroit Free Press at
www.freep.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet appeared first on RISMedia.

      

5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet.

The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate increases to 1.5 percent to 1.75 percent.

“Job gains have been strong in recent months, and the unemployment rate has stayed low,” the Fed said in its statement. “Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readings.”

Going forward, consumers will continue to see an uptick in the cost of borrowing on everything from credit cards to car loans to mortgages.

This is the first rate hike of 2018 but it’s not the last, according to economists. Another two or three rate hikes are anticipated for this year, according to Robert Dye, chief economist for Comerica Bank.

“Higher interest rates are negatives for most households,” Dye says.

The U.S. economy has much going for it on the upside—strong job growth, rising home values, some wage growth and higher consumer confidence, and a federal tax cut that is putting more money in many wallets.

“I think the positives will outweigh the negatives this year and we will see a strong year for non-auto consumer spending,” Dye says.

Here are some things to pay attention to now in a rising-rate world:

  1. Budgets, unlike college basketball brackets, aren’t likely to be busted.
    The theory is that the Fed has room to raise rates because the job market is so strong. As wages rise, consumers may not be under so much pressure to borrow or they’d be able to afford slightly higher rates.

Rates are expected to climb gradually, so consumers still have time to refinance or borrow earlier in the year to avoid higher rates later on down the road.

Mark Zandi, chief economist for Moody’s Analytics, says his expectation is that mortgage rates and car loan rates will be up by at least a half a percentage point a year from now. For savers, new CD rates are expected to be about a quarter percentage point higher a year from now.

“The economy is set to boom,” Zandi wrote in a report this week. “Growth is already strong—well above the economy’s potential—and will soon accelerate. A massive dose of fiscal stimulus measures, including both deficit-financed tax cuts and federal government spending increases, has just begun to hit the economy.”

  1. Consumers aren’t stressing out.
    Policy wonks and bankers keep a close eye on all things Fed, but a recent NerdWallet survey indicated that 62 percent of respondents claimed that they didn’t know the Fed raised rates last year. The Harris Poll on behalf of NerdWallet surveyed 2,000 U.S. adults ages 18 and older.

As of the last hike, the Federal Reserve will have raised rates six times since December 2015. The Fed raised rates three times in 2017, once in 2016 and once in 2015.

  1. Borrowing costs aren’t sky-high.
    Mortgage rates rose for a good part of 2018 on strong jobs reports. The average 30-year fixed rate has gone up to 4.54 percent from 4.15 percent in early January, according to Bankrate.com.

“Borrowing costs are still relatively low, but moving higher and that’s why consumers need to get out of variable-rate debt and lock in fixed rates to insulate themselves from further increases,” says Greg McBride, chief financial analyst for Bankrate.com.

McBride says he’s expecting mortgage rates to remain around 4.54 percent by year-end, but he’s expecting plenty of volatility. At some point, mortgage rates could drop significantly if geopolitical issues arise or the U.S. economy slows down.

As for other rates, McBride says he’d expect the average five-year car loan rate to be 4.85 percent by year-end, up from 4.46 percent now.

Consumers aren’t seeing anything close to the average 8 percent for a car loan consumers faced in January 2006, according to Jessica Caldwell, executive director of industry analysis for Edmunds.com.

Savers are likely to see higher rates, too. McBride expects the average rate on a one-year CD to be 0.7 percent by year-end, up from 0.49 percent now. The average rate on a five-year CD is expected to be 1.5 percent by year-end, up from 1.10 percent now.

  1. Ignoring the trend toward higher rates won’t help.
    As rates edge higher, savvy consumers will want to take extra care to shop around for loans and CDs.

Making sure to pay bills on time—and not get overburdened with debt—will help keep credit scores higher and borrowing rates lower for individuals.

The average rate for credit cards is the highest ever, at 16.84 percent—and those rates would edge even higher once the prime rate goes up, according to McBride.

“But consumers with good credit can still get 0 percent offers for purchases and balance transfers that last as long as 15 months,” McBride says.

The key, of course, involves maintaining a strong credit score.

Charlie Chesbrough, senior economist for Cox Automotive, notes that rates on car loans are near five-year highs, but rates remain relatively affordable, particularly for those with good credit.

“Higher lending costs impact car buyers in different ways,” Chesbrough says. “For customers with good credit, the monthly payment on a $35,000 five-year car loan will rise about $15 a month from a 1 percent interest rate increase.”

Consumers with lower credit scores are seeing much bigger rate hikes on the car loans they’re taking out.

“Assuming a continuation of credit tightening, subprime borrowers will see much larger cost differences,” Chesbrough says.

  1. Consumers can control some borrowing costs.
    Most credit cards have variable rates and the interest rate goes up every time the Fed raises rates. Most home equity lines of credit have a variable interest rate that’s tied to the prime rate. The prime rate goes up when the Fed raises short-term rates.

“Variable-rate debt, such as credit cards and home equity lines of credit, will only cost more as interest rates rise,” McBride says. “Transfer balances to low-rate cards, refinance into a fixed-rate home equity loan, or just pay down the debt aggressively—but do it now.”

©2018 Detroit Free Press
Visit the Detroit Free Press at
www.freep.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet appeared first on RISMedia.

      

5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet.

The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate increases to 1.5 percent to 1.75 percent.

“Job gains have been strong in recent months, and the unemployment rate has stayed low,” the Fed said in its statement. “Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readings.”

Going forward, consumers will continue to see an uptick in the cost of borrowing on everything from credit cards to car loans to mortgages.

This is the first rate hike of 2018 but it’s not the last, according to economists. Another two or three rate hikes are anticipated for this year, according to Robert Dye, chief economist for Comerica Bank.

“Higher interest rates are negatives for most households,” Dye says.

The U.S. economy has much going for it on the upside—strong job growth, rising home values, some wage growth and higher consumer confidence, and a federal tax cut that is putting more money in many wallets.

“I think the positives will outweigh the negatives this year and we will see a strong year for non-auto consumer spending,” Dye says.

Here are some things to pay attention to now in a rising-rate world:

  1. Budgets, unlike college basketball brackets, aren’t likely to be busted.
    The theory is that the Fed has room to raise rates because the job market is so strong. As wages rise, consumers may not be under so much pressure to borrow or they’d be able to afford slightly higher rates.

Rates are expected to climb gradually, so consumers still have time to refinance or borrow earlier in the year to avoid higher rates later on down the road.

Mark Zandi, chief economist for Moody’s Analytics, says his expectation is that mortgage rates and car loan rates will be up by at least a half a percentage point a year from now. For savers, new CD rates are expected to be about a quarter percentage point higher a year from now.

“The economy is set to boom,” Zandi wrote in a report this week. “Growth is already strong—well above the economy’s potential—and will soon accelerate. A massive dose of fiscal stimulus measures, including both deficit-financed tax cuts and federal government spending increases, has just begun to hit the economy.”

  1. Consumers aren’t stressing out.
    Policy wonks and bankers keep a close eye on all things Fed, but a recent NerdWallet survey indicated that 62 percent of respondents claimed that they didn’t know the Fed raised rates last year. The Harris Poll on behalf of NerdWallet surveyed 2,000 U.S. adults ages 18 and older.

As of the last hike, the Federal Reserve will have raised rates six times since December 2015. The Fed raised rates three times in 2017, once in 2016 and once in 2015.

  1. Borrowing costs aren’t sky-high.
    Mortgage rates rose for a good part of 2018 on strong jobs reports. The average 30-year fixed rate has gone up to 4.54 percent from 4.15 percent in early January, according to Bankrate.com.

“Borrowing costs are still relatively low, but moving higher and that’s why consumers need to get out of variable-rate debt and lock in fixed rates to insulate themselves from further increases,” says Greg McBride, chief financial analyst for Bankrate.com.

McBride says he’s expecting mortgage rates to remain around 4.54 percent by year-end, but he’s expecting plenty of volatility. At some point, mortgage rates could drop significantly if geopolitical issues arise or the U.S. economy slows down.

As for other rates, McBride says he’d expect the average five-year car loan rate to be 4.85 percent by year-end, up from 4.46 percent now.

Consumers aren’t seeing anything close to the average 8 percent for a car loan consumers faced in January 2006, according to Jessica Caldwell, executive director of industry analysis for Edmunds.com.

Savers are likely to see higher rates, too. McBride expects the average rate on a one-year CD to be 0.7 percent by year-end, up from 0.49 percent now. The average rate on a five-year CD is expected to be 1.5 percent by year-end, up from 1.10 percent now.

  1. Ignoring the trend toward higher rates won’t help.
    As rates edge higher, savvy consumers will want to take extra care to shop around for loans and CDs.

Making sure to pay bills on time—and not get overburdened with debt—will help keep credit scores higher and borrowing rates lower for individuals.

The average rate for credit cards is the highest ever, at 16.84 percent—and those rates would edge even higher once the prime rate goes up, according to McBride.

“But consumers with good credit can still get 0 percent offers for purchases and balance transfers that last as long as 15 months,” McBride says.

The key, of course, involves maintaining a strong credit score.

Charlie Chesbrough, senior economist for Cox Automotive, notes that rates on car loans are near five-year highs, but rates remain relatively affordable, particularly for those with good credit.

“Higher lending costs impact car buyers in different ways,” Chesbrough says. “For customers with good credit, the monthly payment on a $35,000 five-year car loan will rise about $15 a month from a 1 percent interest rate increase.”

Consumers with lower credit scores are seeing much bigger rate hikes on the car loans they’re taking out.

“Assuming a continuation of credit tightening, subprime borrowers will see much larger cost differences,” Chesbrough says.

  1. Consumers can control some borrowing costs.
    Most credit cards have variable rates and the interest rate goes up every time the Fed raises rates. Most home equity lines of credit have a variable interest rate that’s tied to the prime rate. The prime rate goes up when the Fed raises short-term rates.

“Variable-rate debt, such as credit cards and home equity lines of credit, will only cost more as interest rates rise,” McBride says. “Transfer balances to low-rate cards, refinance into a fixed-rate home equity loan, or just pay down the debt aggressively—but do it now.”

©2018 Detroit Free Press
Visit the Detroit Free Press at
www.freep.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet appeared first on RISMedia.

      

$347,000 :: 21038 CUMBERLAND DR, Macomb MI, 48044

Property Photo

4 beds, 5 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 21430769
Community: Macomb Twp (50008)
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision.There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. 2 fireplaces, one in the master bedroom, and one in the Great room. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$347,000 :: 21038 CUMBERLAND DR, Macomb MI, 48044

Property Photo

4 beds, 5 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 21430769
Community: Macomb Twp (50008)
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision.There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. 2 fireplaces, one in the master bedroom, and one in the Great room. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$347,000 :: 21038 CUMBERLAND DR, Macomb MI, 48044

Property Photo

4 beds, 5 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 21430769
Community: Macomb Twp (50008)
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision.There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. 2 fireplaces, one in the master bedroom, and one in the Great room. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$347,000 :: 21038 CUMBERLAND Drive, Macomb Township MI, 48044

Property Photo

4 beds, 4.1 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 218027715
Community: Macomb Twp
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision. There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$347,000 :: 21038 CUMBERLAND Drive, Macomb Township MI, 48044

Property Photo

4 beds, 4.1 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 218027715
Community: Macomb Twp
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision. There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$347,000 :: 21038 CUMBERLAND Drive, Macomb Township MI, 48044

Property Photo

4 beds, 4.1 baths
Home size: 2,869 sq ft
Lot Size: 18,730 sq ft
Added: 04/04/18, Last Updated: 04/04/18
Property Type: Single Family
MLS Number: 218027715
Community: Macomb Twp
Tract: DEERFIELD PARK # 01
Status: Active

GREAT OPPORTUNITY!! Huge Split Level in a great location on one of the biggest lots in the subdivision. There is a bathroom in every bedroom! Plus a full bath in the basement. All appliances are included. Furnace and A/C installed in 2015, Hot Water Tank installed in 2017, Roof was replaced in 2014 and the basement waterproofing has a 20yr. warranty from 2011. The owner has never had water in the basement, and they have lived in the home since 2012.

Listed with Crown Real Estate Group


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$130,100 :: 49575 NORTH AVE, Macomb MI, 48042

Property Photo

3 beds, 2 baths
Home size: 1,250 sq ft
Lot Size: 27,442 sq ft
Added: 12/07/17, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 21395491
Community: Macomb Twp (50008)
Status: Sold

HUD HOME. Large updated bungalow on over 1/2 acre lot. Home has had many updates including roof, baths, kitchen and much more. For more informationplease visit the HUDHomestore website or SageAcq website.

Listed with Preferred Realty Pros


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$130,100 :: 49575 NORTH AVE, Macomb MI, 48042

Property Photo

3 beds, 2 baths
Home size: 1,250 sq ft
Lot Size: 27,442 sq ft
Added: 12/07/17, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 21395491
Community: Macomb Twp (50008)
Status: Sold

HUD HOME. Large updated bungalow on over 1/2 acre lot. Home has had many updates including roof, baths, kitchen and much more. For more informationplease visit the HUDHomestore website or SageAcq website.

Listed with Preferred Realty Pros


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$130,100 :: 49575 NORTH AVE, Macomb MI, 48042

Property Photo

3 beds, 2 baths
Home size: 1,250 sq ft
Lot Size: 27,442 sq ft
Added: 12/07/17, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 21395491
Community: Macomb Twp (50008)
Status: Sold

HUD HOME. Large updated bungalow on over 1/2 acre lot. Home has had many updates including roof, baths, kitchen and much more. For more informationplease visit the HUDHomestore website or SageAcq website.

Listed with Preferred Realty Pros


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$100,000 :: 52015 BATTANWOOD, MACOMB Township MI, 48042

Property Photo

0 beds, 0 bath
Home size: 0 sq ft
Lot Size: 11,761 sq ft
Added: 08/31/17, Last Updated: 04/03/18
Property Type: Lot/Land/Acreage
MLS Number: 58031329789
Community: Macomb Twp
Tract: WESTWOOD POINTE
Status: Active

VACANT LOT IN WESTWOOD POINTE SUBDIVISION. A RARE FIND IN MACOMB TOWNSHIP WITH CHIPPEWA VALLEY SCHOOLS. BUILD YOUR DREAM HOME. USE YOUR PLANS OR WE CAN RECOMMEND A BUILDER. CORNER LOT ALL UTILITIES AT THE STREET. $295.00 TRANSACTION FEE TO LISTING BROKER

Listed with Helm & Associates


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$100,000 :: 52015 BATTANWOOD, MACOMB Township MI, 48042

Property Photo

0 beds, 0 bath
Home size: 0 sq ft
Lot Size: 11,761 sq ft
Added: 08/31/17, Last Updated: 04/03/18
Property Type: Lot/Land/Acreage
MLS Number: 58031329789
Community: Macomb Twp
Tract: WESTWOOD POINTE
Status: Active

VACANT LOT IN WESTWOOD POINTE SUBDIVISION. A RARE FIND IN MACOMB TOWNSHIP WITH CHIPPEWA VALLEY SCHOOLS. BUILD YOUR DREAM HOME. USE YOUR PLANS OR WE CAN RECOMMEND A BUILDER. CORNER LOT ALL UTILITIES AT THE STREET. $295.00 TRANSACTION FEE TO LISTING BROKER

Listed with Helm & Associates


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$100,000 :: 52015 BATTANWOOD, MACOMB Township MI, 48042

Property Photo

0 beds, 0 bath
Home size: 0 sq ft
Lot Size: 11,761 sq ft
Added: 08/31/17, Last Updated: 04/03/18
Property Type: Lot/Land/Acreage
MLS Number: 58031329789
Community: Macomb Twp
Tract: WESTWOOD POINTE
Status: Active

VACANT LOT IN WESTWOOD POINTE SUBDIVISION. A RARE FIND IN MACOMB TOWNSHIP WITH CHIPPEWA VALLEY SCHOOLS. BUILD YOUR DREAM HOME. USE YOUR PLANS OR WE CAN RECOMMEND A BUILDER. CORNER LOT ALL UTILITIES AT THE STREET. $295.00 TRANSACTION FEE TO LISTING BROKER

Listed with Helm & Associates


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$439,900 :: 19015 Gearhart Dr, Macomb MI, 48042

Property Photo

4 beds, 4 baths
Home size: 2,517 sq ft
Lot Size: 12,632 sq ft
Added: 04/02/18, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 31343651
Community: Macomb Twp (50008)
Tract: Strathmore Condo
Status: Active

***Beautiful 2007 build 4 bedroom colonial w/ 3.1 bathrooms and a finished basement! This home has a ton of rare upgrades! 2 car garage w/ glass garage door! Breath taking 25,000 gallon fiberglass inground pool with hot tub installed by Viking pools. Large lot w/ fenced in back yard. Beautiful upgraded kitchen w/ high end quartz and granite with a 10 foot kitchen island with butler’s sink. All stainless steal appliances included. All new hardwood flooring. Extra large pantry. Gas fire place in family room. Good size office room. Large master suite w/ one of a kind custom master bathroom w/ Jacuzzi. Amazing custom walk in closet. Finished basement with classy kitchenette and wet bar w/ granite for entertaining. Full bathroom in basement and 5th bedroom w/ walk in closet. Furnace 10 years old. Roof 10 years old.*** THIS HOME IS A ONE OF A KIND WITH ALL THE UPGRADES!!!! MOVE IN BEFORE SPRING THEN OPEN THE POOL!! MUST SEE

Listed with Keller Williams Realty Central


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$439,900 :: 19015 Gearhart Dr, Macomb MI, 48042

Property Photo

4 beds, 4 baths
Home size: 2,517 sq ft
Lot Size: 12,632 sq ft
Added: 04/02/18, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 31343651
Community: Macomb Twp (50008)
Tract: Strathmore Condo
Status: Active

***Beautiful 2007 build 4 bedroom colonial w/ 3.1 bathrooms and a finished basement! This home has a ton of rare upgrades! 2 car garage w/ glass garage door! Breath taking 25,000 gallon fiberglass inground pool with hot tub installed by Viking pools. Large lot w/ fenced in back yard. Beautiful upgraded kitchen w/ high end quartz and granite with a 10 foot kitchen island with butler’s sink. All stainless steal appliances included. All new hardwood flooring. Extra large pantry. Gas fire place in family room. Good size office room. Large master suite w/ one of a kind custom master bathroom w/ Jacuzzi. Amazing custom walk in closet. Finished basement with classy kitchenette and wet bar w/ granite for entertaining. Full bathroom in basement and 5th bedroom w/ walk in closet. Furnace 10 years old. Roof 10 years old.*** THIS HOME IS A ONE OF A KIND WITH ALL THE UPGRADES!!!! MOVE IN BEFORE SPRING THEN OPEN THE POOL!! MUST SEE

Listed with Keller Williams Realty Central


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$439,900 :: 19015 Gearhart Dr, Macomb MI, 48042

Property Photo

4 beds, 4 baths
Home size: 2,517 sq ft
Lot Size: 12,632 sq ft
Added: 04/02/18, Last Updated: 04/03/18
Property Type: Single Family
MLS Number: 31343651
Community: Macomb Twp (50008)
Tract: Strathmore Condo
Status: Active

***Beautiful 2007 build 4 bedroom colonial w/ 3.1 bathrooms and a finished basement! This home has a ton of rare upgrades! 2 car garage w/ glass garage door! Breath taking 25,000 gallon fiberglass inground pool with hot tub installed by Viking pools. Large lot w/ fenced in back yard. Beautiful upgraded kitchen w/ high end quartz and granite with a 10 foot kitchen island with butler’s sink. All stainless steal appliances included. All new hardwood flooring. Extra large pantry. Gas fire place in family room. Good size office room. Large master suite w/ one of a kind custom master bathroom w/ Jacuzzi. Amazing custom walk in closet. Finished basement with classy kitchenette and wet bar w/ granite for entertaining. Full bathroom in basement and 5th bedroom w/ walk in closet. Furnace 10 years old. Roof 10 years old.*** THIS HOME IS A ONE OF A KIND WITH ALL THE UPGRADES!!!! MOVE IN BEFORE SPRING THEN OPEN THE POOL!! MUST SEE

Listed with Keller Williams Realty Central


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$299,900 :: 21413 ROME DR, Macomb MI, 48044

3 beds, 3 baths
Home size: 1,666 sq ft
Lot Size: 9,147 sq ft
Added: 04/02/18, Last Updated: 04/02/18
Property Type: Single Family
MLS Number: 21429454
Community: Macomb Twp (50008)
Tract: EDINBURGH ESTATES SUB #2
Status: Active

Spectacular Move In Ready, Updated Ranch With Open Floor Plan. This 3 Bedroom, 2.5 Bath Lots Of Natural Light, The Updated Kitchen Offers Granite Countertops, New Backsplash & SS Appliances. Other Updates Include, Newer Windows (2015), Hardwood Floors, Roof (2015), Driveway (2012). Master Bedroom Has 2 Walk In Closets, En Suite And Hardwood Floors. Fenced In Backyard, Nice Landscaping & Patio Make It Perfect For Entertaining. Huge Unfinished Basement Is Perfect For Storage Or Added Recreational Living Space. Quiet Neighborhood & Walking Distance To Schools, This Home Is A Must See!

Listed with RE/MAX Encore


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$299,900 :: 21413 ROME DR, Macomb MI, 48044

3 beds, 3 baths
Home size: 1,666 sq ft
Lot Size: 9,147 sq ft
Added: 04/02/18, Last Updated: 04/02/18
Property Type: Single Family
MLS Number: 21429454
Community: Macomb Twp (50008)
Tract: EDINBURGH ESTATES SUB #2
Status: Active

Spectacular Move In Ready, Updated Ranch With Open Floor Plan. This 3 Bedroom, 2.5 Bath Lots Of Natural Light, The Updated Kitchen Offers Granite Countertops, New Backsplash & SS Appliances. Other Updates Include, Newer Windows (2015), Hardwood Floors, Roof (2015), Driveway (2012). Master Bedroom Has 2 Walk In Closets, En Suite And Hardwood Floors. Fenced In Backyard, Nice Landscaping & Patio Make It Perfect For Entertaining. Huge Unfinished Basement Is Perfect For Storage Or Added Recreational Living Space. Quiet Neighborhood & Walking Distance To Schools, This Home Is A Must See!

Listed with RE/MAX Encore


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$299,900 :: 21413 ROME DR, Macomb MI, 48044

3 beds, 3 baths
Home size: 1,666 sq ft
Lot Size: 9,147 sq ft
Added: 04/02/18, Last Updated: 04/02/18
Property Type: Single Family
MLS Number: 21429454
Community: Macomb Twp (50008)
Tract: EDINBURGH ESTATES SUB #2
Status: Active

Spectacular Move In Ready, Updated Ranch With Open Floor Plan. This 3 Bedroom, 2.5 Bath Lots Of Natural Light, The Updated Kitchen Offers Granite Countertops, New Backsplash & SS Appliances. Other Updates Include, Newer Windows (2015), Hardwood Floors, Roof (2015), Driveway (2012). Master Bedroom Has 2 Walk In Closets, En Suite And Hardwood Floors. Fenced In Backyard, Nice Landscaping & Patio Make It Perfect For Entertaining. Huge Unfinished Basement Is Perfect For Storage Or Added Recreational Living Space. Quiet Neighborhood & Walking Distance To Schools, This Home Is A Must See!

Listed with RE/MAX Encore


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

Light it Up: Add a Party Vibe to Your Outdoor Staging

By Melissa Dittmann Tracey, REALTOR® Magazine

Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the lights used at an outdoor street fair.

Homeowners are draping them across the top of their pergola, or along their back deck. Some owners may stretch them above and across their yard to create a canopy of lights.

Watch out that they don’t become an eyesore during the daytime. The glow at night are when these lights shine. Tuck them into the top of a pergola. Or, for a photo op, drape them temporarily across a courtyard. Take a picture of it at dusk for a listing photo that shows off the entertainment space of a backyard.

Or, string the lights to illuminate the backyard during a twilight open house. Check out how these designers used them.

      

Light it Up: Add a Party Vibe to Your Outdoor Staging

By Melissa Dittmann Tracey, REALTOR® Magazine

Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the lights used at an outdoor street fair.

Homeowners are draping them across the top of their pergola, or along their back deck. Some owners may stretch them above and across their yard to create a canopy of lights.

Watch out that they don’t become an eyesore during the daytime. The glow at night are when these lights shine. Tuck them into the top of a pergola. Or, for a photo op, drape them temporarily across a courtyard. Take a picture of it at dusk for a listing photo that shows off the entertainment space of a backyard.

Or, string the lights to illuminate the backyard during a twilight open house. Check out how these designers used them.

      

Light it Up: Add a Party Vibe to Your Outdoor Staging

By Melissa Dittmann Tracey, REALTOR® Magazine

Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the lights used at an outdoor street fair.

Homeowners are draping them across the top of their pergola, or along their back deck. Some owners may stretch them above and across their yard to create a canopy of lights.

Watch out that they don’t become an eyesore during the daytime. The glow at night are when these lights shine. Tuck them into the top of a pergola. Or, for a photo op, drape them temporarily across a courtyard. Take a picture of it at dusk for a listing photo that shows off the entertainment space of a backyard.

Or, string the lights to illuminate the backyard during a twilight open house. Check out how these designers used them.

      

Keys to Buying a Second Home

(TNS)—If you’ve been thinking about buying a second home, now is a good time to take the leap. Mortgage rates are still historically low.

But there are some vital things to do before you start shopping. Follow these steps to make buying a second home a smooth process:

The best way to start the search for a second home is to find a real estate agent who is familiar with your desired location. This person could provide you information about neighborhoods, market prices and the pros and cons of particular properties.

With an eye toward the long-term value of a property, the agent could fill you in on price histories and how comparable sales have fared, and resale prospects. Factors that tend to help properties hold or increase in value are proximity to a major metropolitan area, ease of access and the availability of year-round amenities.

Factor in additional costs. Today’s second-homebuyers are more interested in enjoying their properties rather than getting a quick return on their investment.

Still, you should consider that you will be away from the property a lot of the time, which usually entails additional costs, such as having a management company check the place in your absence for water leaks, frozen pipes and other problems.

Getting insurance for a second home may be more challenging than it is for a primary residence. If you are considering a second home on the beach, for example, you’ll need flood insurance in addition to regular home insurance. It has become more difficult to get flood insurance in coastal communities, and the cost has increased greatly in some markets.

Be sure you can afford two mortgages. You have to qualify for a second-home mortgage, which is on top of any mortgage debt on your primary home.

Typically, you will need to make a down payment of at least 10 percent, meet credit standards and debt-to-income requirements, and provide documents for income and asset verification.

If you have a good relationship with the mortgage lender on your primary residence, that might be a good place to start your quest for a second-home mortgage.

Take into account the tax implications of your purchase. If you use your home as a true second home, you could get a deduction for mortgage interest and property taxes, just as you do with your first-home mortgage.

Be aware that under the new federal tax law, the cap to the mortgage interest deduction will be lowered from $1 million to $750,000. So if you already have a $750,000 mortgage and get a loan for a vacation home, you won’t be able to deduct the interest on the second mortgage.

If you rent out your second home, you will have to consider additional tax ramifications, particularly if the rental period extends beyond 14 days a year.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post Keys to Buying a Second Home appeared first on RISMedia.

      

Keys to Buying a Second Home

(TNS)—If you’ve been thinking about buying a second home, now is a good time to take the leap. Mortgage rates are still historically low.

But there are some vital things to do before you start shopping. Follow these steps to make buying a second home a smooth process:

The best way to start the search for a second home is to find a real estate agent who is familiar with your desired location. This person could provide you information about neighborhoods, market prices and the pros and cons of particular properties.

With an eye toward the long-term value of a property, the agent could fill you in on price histories and how comparable sales have fared, and resale prospects. Factors that tend to help properties hold or increase in value are proximity to a major metropolitan area, ease of access and the availability of year-round amenities.

Factor in additional costs. Today’s second-homebuyers are more interested in enjoying their properties rather than getting a quick return on their investment.

Still, you should consider that you will be away from the property a lot of the time, which usually entails additional costs, such as having a management company check the place in your absence for water leaks, frozen pipes and other problems.

Getting insurance for a second home may be more challenging than it is for a primary residence. If you are considering a second home on the beach, for example, you’ll need flood insurance in addition to regular home insurance. It has become more difficult to get flood insurance in coastal communities, and the cost has increased greatly in some markets.

Be sure you can afford two mortgages. You have to qualify for a second-home mortgage, which is on top of any mortgage debt on your primary home.

Typically, you will need to make a down payment of at least 10 percent, meet credit standards and debt-to-income requirements, and provide documents for income and asset verification.

If you have a good relationship with the mortgage lender on your primary residence, that might be a good place to start your quest for a second-home mortgage.

Take into account the tax implications of your purchase. If you use your home as a true second home, you could get a deduction for mortgage interest and property taxes, just as you do with your first-home mortgage.

Be aware that under the new federal tax law, the cap to the mortgage interest deduction will be lowered from $1 million to $750,000. So if you already have a $750,000 mortgage and get a loan for a vacation home, you won’t be able to deduct the interest on the second mortgage.

If you rent out your second home, you will have to consider additional tax ramifications, particularly if the rental period extends beyond 14 days a year.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post Keys to Buying a Second Home appeared first on RISMedia.

      

Keys to Buying a Second Home

(TNS)—If you’ve been thinking about buying a second home, now is a good time to take the leap. Mortgage rates are still historically low.

But there are some vital things to do before you start shopping. Follow these steps to make buying a second home a smooth process:

The best way to start the search for a second home is to find a real estate agent who is familiar with your desired location. This person could provide you information about neighborhoods, market prices and the pros and cons of particular properties.

With an eye toward the long-term value of a property, the agent could fill you in on price histories and how comparable sales have fared, and resale prospects. Factors that tend to help properties hold or increase in value are proximity to a major metropolitan area, ease of access and the availability of year-round amenities.

Factor in additional costs. Today’s second-homebuyers are more interested in enjoying their properties rather than getting a quick return on their investment.

Still, you should consider that you will be away from the property a lot of the time, which usually entails additional costs, such as having a management company check the place in your absence for water leaks, frozen pipes and other problems.

Getting insurance for a second home may be more challenging than it is for a primary residence. If you are considering a second home on the beach, for example, you’ll need flood insurance in addition to regular home insurance. It has become more difficult to get flood insurance in coastal communities, and the cost has increased greatly in some markets.

Be sure you can afford two mortgages. You have to qualify for a second-home mortgage, which is on top of any mortgage debt on your primary home.

Typically, you will need to make a down payment of at least 10 percent, meet credit standards and debt-to-income requirements, and provide documents for income and asset verification.

If you have a good relationship with the mortgage lender on your primary residence, that might be a good place to start your quest for a second-home mortgage.

Take into account the tax implications of your purchase. If you use your home as a true second home, you could get a deduction for mortgage interest and property taxes, just as you do with your first-home mortgage.

Be aware that under the new federal tax law, the cap to the mortgage interest deduction will be lowered from $1 million to $750,000. So if you already have a $750,000 mortgage and get a loan for a vacation home, you won’t be able to deduct the interest on the second mortgage.

If you rent out your second home, you will have to consider additional tax ramifications, particularly if the rental period extends beyond 14 days a year.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post Keys to Buying a Second Home appeared first on RISMedia.

      

$215,000 :: 20998 MAYWOOD LN, Macomb MI, 48044

Property Photo

3 beds, 2 baths
Home size: 1,515 sq ft
Lot Size: 0 sq ft
Added: 03/31/18, Last Updated: 04/01/18
Property Type: Single Family
MLS Number: 21429256
Community: Macomb Twp (50008)
Tract: WOOD CREEK FARMS CONDO
Status: Active

Warm, inviting, meticulously maintained ranch home featuring 3 bedrooms, 2 full baths, first floor laundry room, full basement and two car attached garage. Library/office can be fourth bedroom. Attractive open floor plan with vaulted ceilings. Newer furnace. All appliances included. Also featuring completely fenced backyard and large private deck of dining area. Convenient location.

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


      

$215,000 :: 20998 MAYWOOD LN, Macomb MI, 48044

Property Photo

3 beds, 2 baths
Home size: 1,515 sq ft
Lot Size: 0 sq ft
Added: 03/31/18, Last Updated: 04/01/18
Property Type: Single Family
MLS Number: 21429256
Community: Macomb Twp (50008)
Tract: WOOD CREEK FARMS CONDO
Status: Active

Warm, inviting, meticulously maintained ranch home featuring 3 bedrooms, 2 full baths, first floor laundry room, full basement and two car attached garage. Library/office can be fourth bedroom. Attractive open floor plan with vaulted ceilings. Newer furnace. All appliances included. Also featuring completely fenced backyard and large private deck of dining area. Convenient location.

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!