FREE FIRST-TIME HOME BUYER SEMINAR
Ann Arbor Mortgage will be conducting a free First-Time Homebuyer Seminar at the Ann Arbor Public Library, Pittsfield Branch, 2359 Oak Valley Drive, Monday, March 29th, at 7 pm. Our goal is to help prospective homebuyers understand the process of purchasing and mortgaging a home.
With the pending expiration of the First Time Home Buyer Tax Credit, this seminar is perfectly timed to help you take advantage of this government program.
Focus Topics include:
• Reducing Stress and Fear
• Understanding the (up to) $8000 First Time Home Buyer Tax Credit Requirements
• FHA, VA, Rural Home, Conventional Loans; which one is right for me?
• How much money will I need?
• What monthly payment am I likely to qualify for?
• Getting Pre-Approved
• Why should I work with a Realtor?
• Purchasing Foreclosed Property
• Negotiating a Lender Short Sale
• The mortgage process
• Inspections and appraisals
Our goal is to help prospective homebuyers better understand the process of purchasing and mortgaging a home.
Free Admission….. Seating is limited…..Reservations Required
If you would like to attend, please call 734.669.5880 with your name and number of attendees or email MaryAdams@a2mc.com
2200 Green Road, Ann Arbor, MI 48105 Phone 743.669.5880 Fax 734.669.5881
Google is looking for a pilot community to launch its new super high speed fiber network. Cities across the country are vying for the opportunity. The University of Michigan, the City of Ann Arbor and Ann Arbor Spark are behind an organized effort to draw Google’s attention to Ann Arbor. They recently announced a YouTube video contest open to anyone who would like to create a 60-90 second video telling why Google should choose Ann Arbor. There will be a winner and multiple runners-up. Charles Reinhart is donating the grand prize of an Apple iPad. Runner-up prizes include gift certificates to Conor O’Neill’s, Weber’s Ann Arbor, M-Den, Jolly Pumpkin, Blue Tractor, Grizzly Peak and more. Other sponsors include Bank of Ann Arbor, Menlo Innovations and Ingenex Digital Marketing.
Videos can be uploaded to YouTube for judging beginning March 17, 2010. The deadline for submission is 1 pm March 26, 2010. Full details of the contest are available at la2m.org/a2fiber.
There are other things individuals can do to help the cause:
Nominate Ann Arbor at www.google.com/appserver/fiberrfi/ and click on “Get Involved”
Join Facebook www.facebook.com/a2fiber
Follow on Twitter www.twitter.com/a2fiber
Tell everyone you know to do the same. We need your help!
Vice President, Operations
Everyone wants to know. It’s off to a good start. Both listings and sales are up year-to-date over the same time period in 2009. These are Reinhart statistics and they’re very impressive even with February numbers incomplete.
Listings are up 23%
Sales are up 47%
Average sale price is up nearly 10%
There are several factors contributing to the recent surge. The first-time homebuyer credit (up to $8,000) has brought many people into the market who don’t have homes to sell. This influx of buyers is reducing the inventory of homes for sale and stabilizing prices in many areas. Moderately priced homes are selling briskly and are seeing multiple offers in some cases. Foreclosure inventory is down for the time being, as lenders adapt to new strategies to delay or avoid the need to foreclose. Another factor is the current homebuyer credit (up to $6,500), which is motivating people who need to move, but have been waiting on the sidelines for fear they’d have trouble selling their current homes. Both of these significant credits require a signed sales agreement by April 30.
What will happen after these credits expire? Of course, no one knows, and all of our crystal balls have been broken for some time. But there are plenty of signs we’re on the up-slope again. We still have historically low interest rates and consumer confidence has improved slightly. The mood in Michigan is decidedly better as years of negativity are being replaced by words of encouragement from the media and businesses. Michigan’s natural and educational resources can’t be duplicated anywhere else in the country. Desperation breeds real change, and we’ve begun that phase.
Vice President, Operations