Tuesday, January 17, 2012

Vernon Downs neighborhood is located on the west side of Ann Arbor north off of Scio Church Rd and west of 7th street.  Vernon Downs and adjacent Sunnyside and Wuerth subdivisions consist mostly of solid will built 1950's and 1960's brick three bedroom ranches along with a some two story homes.  The subdivision was plated and mostly built by George V.  Airey, George V. Airey Building Company  in the late 1950's

Vernon Downs appeals to home buyers looking to be close to downtown but can not find affordable maintained housing in the old westside at reasonable prices. - its an easy 2 mile walk or drive to downtown Ann Arbor and the University of Michigan. 

These all brick homes typically have hardwood floors, large full basements, some have cove plaster ceilings.  You will find quiet streets with mature trees. City lots in Vernon Downs are large enough for family activities, gardening and allow fences for pets. 

School age children attend Ann Arbor Schools - Dicken Elementary, Slauson Middle and Pioneer High School. 

Friday, January 13, 2012

Some of our Preferred Contractors

Looking to paint a few rooms in your new home? C & Q Painting LLC has worked with PiperPartners and our buyers/sellers in the past and never left a single customer disappointed. Karolynn Schofield of the PiperPartners real estate team says of C & Q that, “they have provided outstanding painting services to my buyers and [John Crawford, owner] is one of the most professional and skilled tradesmen I have ever worked with.”

PiperPartners announces Partnership with Cole Taylor Mortgage.

Money Source Center and Cole Taylor Mortgage is pleased to be a new working partner with PiperPartners. We believe that his focus on Kerrytown and Downtown Ann Arbor readily fits with our focus on Ann Arbor.

Money Source is a local company which serves as a retail location for Cole Taylor Mortgage a subsidiary of Taylor Capital Group a publicly traded company with more than $4.3 billion in assets.

This affiliation allows Money Source to partner with people like Andy Piper and offer his clients 24/7 services and the best refinancing opportunities, provided by local lenders with national backing.

Preparing for your 2011 taxes

Tax season is rapidly approaching and if you’ve purchased through PiperPartners in 2011 we have HUD statements available. Simply call your PiperPartners buyer or listing agnet or contact them through our website and request a copy of your HUD or call direct at 734-604-8242.

PiperPartners is offering a Free home warranty to honor returning Veterans.

To honor the men and women of our armed services we would like to extend the offer a free home warranty to any veteran of the American armed forces. Meet with a PiperPartners real estate team buyer specialist by February 29th to be eligible for a free home warranty. In addition to being a veteran, eligibility will also require that you close on your house with PiperPartners.

A value of $405.

Free first time homeowners book available

Arrange a free – no obligation consultation with a PiperPartners real estate team buyer specialist , and receive a copy of this great homebuyers tool: “Your First Home: The Proven Path to Home Ownership” by Gary Keller with Dave Jenks and Jay Papasan – The New York Times best-selling writing team of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor and SHIFT.

In a fun and inclusive way the authors of this book take you through the steps on the path to home ownership. Not only do they introduce you to the ins and outs, but there is a special focus on how this all fits into and works with your own vision for what it means to have a home.

If you would like to pick a copy of this book, please contact us at 734-604-8242 or through the PiperPartners.com website. Available while supplies last.

December PiperPartners Giveaway Winner

Congratulations to our Facebook contest winner, Josh from Ypsilanti, MI. Josh has won a $50 gift card to the locally owned outdoor fashion retailer Bivouac right here in Ann Arbor. PiperPartners is building a facebook following and to do that we would like to give you a chance to win gift cards and other prizes from local stores. All you have to do is like us on Facebook. In December we teamed up with Bivouac to bring you information on winter clothing and what to wear in the Michigan winter.

All of our contests will be updated through our facebook page so be sure to check it out regularly. Each month we will also announce the winner and new contest in our newsletter and on facebook.

January contest: Like the “PiperPartners” facebook page for a chance to win two tickets to the Michigan Theater, perfect for a family outing or an evening date.

'World on a Wire" Special One Time Restored Screenin

In conjunction with the most recent PiperPartners Facebook giveaway, Ann Arbor Real Estate News will be exploring the world of film in Ann Arbor. Follow our blog closely all month for updates on the film industry in Ann Arbor and for great bits of history.

World on a Wire

Saturday, January 14 at 3:00 and 3:30pm

The Michigan Theater is lending a strong community hand to help local web customer optimization group MYBUYS.

Anyone with a passion for technology, experience in web programming or software engineering are welcome to these FREE tech tours. The Michigan Theater is using the event to showcase their state-of-the-art Sony 4K projector and other “behind the curtain” equipment used in the theater.

The sessions will be taking place this Saturday, January 14 at 3pm and 3:30pm, will receive a FREE ticket voucher to see a one-time screening of the digitally restored sci-fi masterpiece, World on a Wire. The screening will be at 10:00pm and anyone who attended the MYBUYS tech tour will also receive a voucher for FREE popcorn.

See you there. Δ John Fenton

Tuesday, January 10, 2012

Mortgage Update

Mortgage Update

The week of January 9, 2012 

This week, rates had minor changes from December:  The zero point 30 year fixed conventional rate inched toward 3.875%, spending most of the week at 4%, while the 15 year rate continues to hold at 3.25%.  The FHA/VA 30 year rate continued to hold at 3.875%., while the 10 and 7 year ARM rates fell.

Adjustable Rate Mortgage rates in review:   

•    10/1 ARM reached 3.375% - 3.25%
•    7/1 ARM reached 2.875%
•    5/1 ARM reached 2.75%

We continue to recommend that borrowers lock….or cautiously float!

Is it better to purchase than rent?

8723 Barrington, Superior Township MI 48198
Let’s use the listing at 8723 Barrington, Ypsilanti, MI  48198, as an example.

If one were to rent this home, they would expect to pay $1500 - $1600 per month, while the payment for an FHA, 30 year fixed mortgage would be $1024*. 

There are other financial benefits to purchasing:

If you were to pay live in the above referenced home for 10 years, you will have reduced your mortgage balance to about $99,000, making your equity position $24,900.  If the property appreciates just 2% per year, you will have gain additional equity of $35,100, for a total of $60,000. 

Your tax savings, over 10 years, at 28% would be an additional $23,000. 

You can copy and paste this link, which takes you to the Ginnie Mae website, and obtain calculations for other purchase prices:    http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?Section=YPTH

Rates are at some of the lowest levels in history and home prices are very affordable, making this the perfect time to purchase a home. 

You may ask yourself if home prices will continue to decline.  No one knows the answer to that question but, historically, prices rise after a period of decline.  Consider the

Piperpartners Real Estate Announces 2011 Sales Results

Kerrytown - Downtown Ann Arbor, MI
The Piperpartners real estate team at Keller Williams Realty in Ann Arbor is pleased to announce year end sales for 2011 of $13,520,000 vs. 12,252,000 in 2010 a 10.4 percent increase.  

We are very thankful for the opportunity to have helped 135 families buy, sell or lease a home in 2011! Average sale price of our homes sold in Ann Arbor was $201,050 with home sales ranging from $50,000 to $750,000.  In West Wayne and Oakland Counties, our average sale price was below $100,000.  

  • Andy Piper - team leader. listing and buyer specialist, Internet markeitng specialist.
  • Karolynn Schofield - Lead buyer agent Washtenaw County
  • Nancy Austin - listing and buyer specialist and senior relocation specialist Wayne-Oaklnad County
  • Robert Schaeffer - buyer specialist Wayne-Oakland County
  • Chris Chinchak - leasing specialist Washtenaw and West Wayne County.
  • Cheryl Morris - Administration and marketing.
  • Jan Byar - closing coordinator
  • Keller Williams Ann Arbor support staff
Alli Hall - KW support staff
We could not have achieved these results without the experience, hard work and dedication  each of our real estate agents and support staff and the trust and confidence of our clients.  

The Piperparnters real estate team while strongest in Ann Arbor also sold homes in Dexter, Ypsilanti, Saline, Canton, Plymouth, Northville, Farmington Hills, Westland, Detroit, Novi, Livonia and Belleville.  

We attribute most of our success to the strong presence Piperpartners.com has on the Internet and to the gracious referrals we received through our satisfied customers and the Keller Williams Realty national network of more than 75,000 agents.  

During 2011 we saw increased success in completing short sales by successfully negotiating with the banks.  The Piperpartners team successfully closed every short sale we attempted with the average time from contract to close being @100 days.  

The leasing market continued to be significant component of our business, though we saw a decreasing inventory of quality properties as the year progressed.  With decreasing inventory and increasing rents we are finding that some clients, with longer time horizons are deciding to purchase when after weighing out the difference between leasing and buying.  Our buyer clients were able to find excellent deals in most areas, though they found that there was strong completion for well priced homes.  Buyers often had to write offers on more than one home to secure a deal.  

Cafe Zola outside seating Washington Street.
Downtown Ann Arbor and in-town neighborhoods actually saw price increases in 201. Inventory downtown - particularly newer condos, with parking such as Liberty Lofts, Loft 322 and Ashley Mews was very low with a large unmet demand for rentals in these high quality properties.  Ashley Terrace the newest downtown high rise saw inventory hit the market as Bank of America sold near ly 20 units to an investor, however, financing remains difficult at this time.

For 2012 we expect to see the beginnings of a seller’s market in Ann Arbor due to low inventories, and expect to see modest increase in prices.  In Wayne and Oakland Counties we expect the majority of the market to be foreclosure and short-sale properties.  with modest improvement in prices.  

We see pent up demand in the move buyer market - people are ready to move, have the resources to buy a new home, but are”upside down” in their current residence.  In some instances we are seeing buyers bring cash to close their current home and buying a new, larger property while maintaining the same or even lower payment.  This is due to very low interest rates and lower prices in the market.

We look forward to helping you or your friends and family find or sell a home in 2012.  If this is the year for you to make a move please give us a call at 734-604-8242 or visit www.Piperpartners.com to find our more about our services for buyer and sellers.

Saturday, January 7, 2012

Encore Recordings of Ann arbor

2012-01-07-Hill-encore-1 by Andypiper
2012-01-07-Hill-encore-1, a photo by Andypiper on Flickr.

Encore Recordings of Ann Arbor
417 E. Liberty Ann Arbor MI 48103
CD, LP, 7", 78 rpm, 16 rpm, Tape,
Sheet Music, Books On Music and Musicians,
Music Memorabilia

Monday-Saturday: 10 am-8 pm
(buy-back hours: 10 am-5 pm/by appointment)
Sunday: Noon-5 pm