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What You Should Know About Real Estate Trusts in Michigan

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Preparing for when a loved one passes will allow you to endure the loss without adding the stress and pressures of dealing with all of the details of an estate. If you’re wealthy, then the alarming tax rate on gits has likely been of concern. Taking action by preplanning for the distribution of an estate … Continued

Can A House Be Sold While In Probate In Michigan?

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The answer to the often-asked question “Can a house be sold while it is in probate in Michigan MI?” is “Yes”, but as is true of any home sale, you must adhere carefully to your state’s pertinent rules and regulations. The probate court will monitor every step and all aspects of the sale, and if … Continued

What To Do If Your Tenants Asks To Sub-Lease In Michigan

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There are a variety of reasons why your tenant may ask to sub-lease in Michigan. Some landlords are fine with it, while others are not. Learn more about the process in our latest post! Sublets can work out just fine so long as the tenant has received the permission of the landlord. All contracts need … Continued

Using A Lease Option To Sell Your House in Michigan

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The exit strategy you use to sell your house can make all the difference in earning the highest possible returns on your real estate investment. An extremely lucrative alternative to selling your house outright, lease options offer a way for you to earn a higher return on the sale. At the end of the agreement, … Continued

5 Ways to Deal With Bad Tenants in Michigan

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Anyone who’s been a landlord for any length of item knows that headaches and hassles are simply part of the job description. And number-one among those headaches/hassles is problem tenants. For truly bad tenants in Michigan, eviction is always an option. But that can be a lengthy and expensive process, so it’s better to find … Continued

How Landlords Can Save Money Making Repairs In Michigan

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In order to bring more long term value to the rental property–especially if you’d like to sell in the near future–it’s often recommended a landlord should keep up with regular maintenance any ultimately make the necessary repairs. You can find ways to save money making repairs in order to always keep your property in tip-top … Continued

5 Benefits of Selling Your House Via Rent to Own in Michigan

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For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering.  There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords … Continued

Traditional Sales vs. Short Sales And Foreclosures in Michigan

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Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you need to keep in mind that these properties are usually cheaper for a good reason. … Continued

How to Sell Your House During Bankruptcy in Michigan

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If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued

What Rising Foreclosure Rates Mean for Home Buyers and Sellers in Michigan

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It’s no secret that foreclosure rates in America are on the rise. This can affect the Michigan real estate market in all sorts of ways. The housing market has always been a volatile industry. With fluctuating prices, ever-changing regulations, and unforeseeable economic conditions, it can be challenging for homebuyers and home sellers to navigate the … Continued

4 Things to do if You Are Upside-Down on Your Mortgage in Michigan

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Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued