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Lake Orion, MI Real Estate News

By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
There are many lakes in Orion Twp and one of them might be just right for you! The lake life is a lifestyle change only for those willing to put in some extra work... Now don't get me wrong it is totally worth it! The great thing about living on a lake is there's never a dull moment. There is always something to do. You can go swimming, skiing, wake-boarding, relax, and cruise around watching the sunset.What I am talking about a little extra work when you own a lake home in Oakland County or a lake home in Lake Orion is that lake home owners have to do work pertaining to the lake.  If you have a dock that has to go in and out.  Boats have to be winterized and sometimes shrunk wrapped.  Then you have to find a place to store the boat.  Of course you have to have a place to store all the ...
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By National Realty Centers
(National Realty Centers)
708 Birmingham Street, Lake Orion, MI Get Directions Click Here Description Photos Maps & Local Schools Print Brochure $ Click for current price 3 BEDROOMS | 1 (1 full ) BATHROOMS | 1425 SQUARE FEET For 24 Hour Information: 888-866-9430 ext. 708 Great ranch situated on a large lot with plenty of space to add garage or outbuilding. Walking distance to all sports lake Orion, and easy access to various trails and parks. Large, open public spaces make this a great home for entertaining. Updated kitchen with stove and refrigerator. Dining area boasts a vaulted ceiling and door wall to deck. Plenty of space to spread out with 3, possibly 4 bedrooms. Updated bath. Partial basement hosts mechanics and provides plenty of storage space. The lot is nicely landscaped with perennial flower beds and...
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By National Realty Centers
(National Realty Centers)
125 Highland Avenue, Lake Orion, MI Get Directions Click Here Description Photos Maps & Local Schools Print Brochure $ Click for current price 4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2357 SQUARE FEET For 24 Hour Information: 888-866-9430 ext. 125 Almost a lakefront on Bellevue Island with loads of parking and just steps away from the community beach on Lake Orion. Unique floor plan could work for many different lifestyle situations. Two large living areas, each with a natural fireplaces, two separate bedroom/bathroom areas, a large dining room and central kitchen and a 1/2 bath. Upper living area has a huge deck with water views and door wall to catch the lake breezes. Large 3-season room (unheated) across the front of house could be sun porch or garden room. Small rear and side y...
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By National Realty Centers
(National Realty Centers)
3437 Richards Way, Lake Orion, MI Get Directions Click Here Description Photos Maps & Local Schools Print Brochure $ Click for current price 4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 1906 SQUARE FEET For 24 Hour Information: 888-866-9430 ext.  Don't miss this move-in ready home on a premium lot that backs to woods in a great neighborhood! Featuires include four generous-sized bedrooms, 2.5 baths, wood floors on the entry level with brand new carpeting upstairs, and a bay window in the dining room. Finished basement with office gives extra living area. Two door walls lead to a large, low-maintenance composite deck that overlooks a spacious backyard with play structure and fire pit. Great access to I-75 for your commute. Bike/walking paths, parks, canterbury village, and shopping near...
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By Donald Horne, Team Success Listing LLC
This weeks article from Craig Donofrio in the current Housing Trends eNewsletter titled, You Could Get 3 Big Tax Breaks - If You Buy a Home in 2015 ... So you didn’t buy a house last year. That’s OK—you haven’t missed the boat yet on low mortgage rates or a healthy inventory of homes. In many ways, 2015 is a great time to buy a home, not the least of which is for certain tax breaks. Here’s how you could enjoy three significant tax benefits if you purchase a home this year. 1. Use points for even lower interest rates Deductible points are a standard tax break, but 2015 might be a good year to buy points. Interest rates have been at all-time lows, and many experts believe the only direction they can go is up. With 30-year rates hovering around 3.6%, an extra point or two can knock those l...
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By Donald Horne, Team Success Listing LLC
Lake Orion Home Values, How To Increase Yours! ... These tips are to help increase your homes value and get your home sold in the fastest time possible based on our experience working with home owners who have sold their homes and feedback from home buyers that buy homes. This Weeks Tip: The Bathrooms Your bathrooms will also get the drill sergeant review from buyers, in particular any master bathrooms. Similar to the kitchen, make sure that any old fixtures are replaced and that the floors, bathtub & shower and walls are CLEAN. You can replace bathroom fixtures easily these days without spending a lot of money. And a fresh coat of paint can go a long way here too. I have seen buyers walk out of houses after walking into dirty old bathrooms. This is just one of a number of tips that hom...
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By National Realty Centers
(National Realty Centers)
Click here to see more pictures and detailed information.     Schedule a Showing Lake Orion homes for sale What is your Lake Orion home worth? PETE MAVER National Realty Centers 248-705-2753 Questions?Schedule a Showing! MLS#: 214128406     L2L Virtual Tours AR    
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By Donald Horne, Team Success Listing LLC
Lake Orion MI, Lake Orion Homes For Sale, Market Report January 2015. Current market overview for the last 45 days: Sold properties was at 42 / down 24%, average sold price was $211,190.00 / down 9%. The average days on market until sold was 43 / down 18%, homes for sale as of 01/21/2015 is 60 / up 15%. Pending sales expected to close is 37 / up 14%, there is about a 55 day supply of homes for sale. With these numbers, days on market coming down and pending sales going up, average sale price should start to increase as long as supply stays low. ASK AN AGENT A QUESTION ASK A LENDER A QUESTION MEET DONALD HORNE      WHAT IS THE VALUE OF MY HOME      YOUTUBE VIDEOS GET STARTED TODAY      HOW WE MARKET YOUR HOME Donald Horne, Team Success ListingAssociate Broker for Coldwell Banker Shooltz ...
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By National Realty Centers
(National Realty Centers)
  Schedule a Showing/Request Info Lake Orion homes for sale What is your Lake Orion home worth?   PETE MAVER National Realty Centers 248-705-2753 Questions?Schedule a Showing! MLS#: 214128406   Information valid for the date of this posting only. Please contact us for the most current information and status of this property. 211 Orion Terrace Lake Orion, MI Scan with your smartphone & take me with you. Description Photos Maps & Local Schools Virtual Tour Print Brochure       Move-in Ready home with spacious bedrooms and a large yard! $ Click for current price 3 BEDROOMS 1 BATHROOMS ( 1 full ) 1529 Square Feet For 24 Hour Information: 88-866-9430 ext. 211 Move-in ready three bedroom home just a short walk from downtown Lake Orion! Spacious bedrooms and amazing updated bathroom. Kitchen ...
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By National Realty Centers
(National Realty Centers)
  Move-in Ready home with spacious bedrooms and a large yard!     Description Photos Maps & Local Schools Virtual Tour     Schedule a Showing Lake Orion homes for sale What is your Lake Orion home worth?   See Property Details   Call 248-705-2753 for more information on this or any other property.   Visit Property Website       Courtesy: PETE MAVERNational Realty CentersEmail Me Now248-705-2753 211 Orion TerraceLake Orion, MI 48362Bedrooms: 3Bathrooms: 1 fullList Price: $Get Current Price     For 24 Hour Information: 88-866-9430 ext. 211 Move-in ready three bedroom home just a short walk from downtown Lake Orion! Spacious bedrooms and amazing updated bathroom. Kitchen has cherry cabinets and granite counter tops along with a tiled backsplash. Detached garage has two entry doors, one wh...
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By Donald Horne, Team Success Listing LLC
This story from Craig Donofrio, How Mortgage Rates Work and Why They Matter, talks about rates moving, interest percentage and getting locked in ... Most of us know mortgage rates are important—after all, the difference between just one-eighth point in interest percentage could end up costing you thousands of dollars over the length of the loan. How Do You Qualify to Buy a House   >>> All of us want a great mortgage rate. And if you’re trying to find the right time to lock-in a good one, it makes sense to know the basics about how mortgage rates move. Bond Yields Conventional mortgage rates are tied to U.S. Treasury bonds, particularly the 10-year bond. So a simple way to check for interest rate changes on conventional loans is by checking out current yields for 10-year bonds. You can f...
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Lake Orion MI Homes For Sale, Lake Front Real Estate in Lake Orion Michigan, Market Report December 2014. Real estate market data for Lake Orion MI, provided by Realcomp, Donald Horne of Coldwell Banker Shooltz Realty. FREE Search of All Properties in The Lake Orion Area: In the last 45 days there where 55 homes sold at an average price point of $230,810.00. The average days on market (dom) for all properties was 52 days, available inventory as of 11/30/2014 is 51 homes starting at $109,000.00. As of today, there is 32 pending sales scheduled to close by 01/04/2015. Bottom line, we have about 41 days worth of inventory to sell. Even mixed news is good for Lake Orion home sellers, key improvements is the number of available inventory which is down from last report. Home sellers can be op...
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This article in Realtor.com dated 10/12/2014, When Hiring a Contractor, Look Out For These Red Flags, discusses hard to see red flags from contractors on large projects ... Great read. He bristles at your questions about his work history. He says there’s no reason to solicit other contractor bids. His company demands payment up front, in cash. He tells you this is the way renovations get done. Maybe you don’t know any different because this is your first major home improvement project. Contractor red flags can be hard to see, especially if you’ve never hired anyone for a large project on your home. It can be intimidating to quiz an expert on something that’s new to you, and it can take time to properly vet your options. But with thousands of dollars on the line, you can’t afford not to—...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Lake Orion MI Home Sales- Market Update Unit sales are down and average and median sales prices are up. Or are they? Lake Orion, MI is recovering from a housing crisis that lasted close to a decade. Statistics show that prices started dropping in 2006. I felt it in 2005. In 2009 the amount of distressed sales (foreclosure and short sales) surpassed the amount of non-distressed sales. Distressed sales were the norm for 3 years. 3 years where Lake Orion MI had more foreclosure and short sale closings than regular old fashioned sales. And when you have that many distressed sales it affects the prices of all sales. In 2012 there was a drastic reduction in distressed sales but they still made up 39% of total sales. 23% of the sales in 2013 and thus far in 2014 (first 3 quarters) 11% of total...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
3600 Orion Oaks, Lake Orion MI - Open Sunday from 2-5 Custom home on a one acre wooded lot. Instead of writing a book about all this outstanding home has to offer I embedded a video below. Your host will be Marcia. Agents- send your buyers; we won't poach. BTW- The song is performed by the sellers' daughter. Beautiful voice.
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By Donald Horne, Team Success Listing LLC
Plans to expand buyers access to mortgages by loosening standards, announced 10/21/2014 here in RealtorMag, FHFA's Dramatic Easing of Mortgage Standards ... Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers' access to mortgages by loosening up lending standards. FHFA's Latest EffortsFHFA Unveils New Plans to Make Mortgages Easier to ObtainHARP Is 'Not a Scam,' FHFA Director SaysFHFA Seeks Comments on G-Fee Hikes During the Mortgage Bankers Association's annual conference, Watt said FHFA will release guidelines "in the coming weeks" to allow increased lending to borrowers with down payments as low as 3 percent. FHFA, which regulates Fannie Mae and Freddie Mac, also will help lenders who sell loans to the mortgage giants by easing standards o...
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By National Realty Centers
(National Realty Centers)
  Schedule a Showing/Request Info Lake Orion homes for sale What is your Lake Orion home worth?   Holly Slay National Realty Centers 586-438-4528 Office: 734-432-2002 Questions?Schedule a Showing! MLS#: 214087091   Information valid for the date of this posting only. Please contact us for the most current information and status of this property. 3155 STANTON Road Orion Twp, MI Scan with your smartphone & take me with you. Property VIDEO Description Photos Maps & Local Schools Virtual Tour Print Brochure       Thoroughly updated cute ranch! $ Click for current price 3 BEDROOMS 2 BATHROOMS ( 1 full, 1 half ) 1706 Square Feet For 24 Hour Information: 888-866-9430 ext. 3155 Pottery barn cute, ranch home has been thoroughly updated on over 3 wooded acres loaded with pine trees. 24x28 origin...
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Market Report For September 2014, Lake Orion MI, Real Estate, Selling Homes in The Lake Orion Area of Oakland County. Example of homes sold in the last 45 days in Orion Twp, Lake Orion Vlg: *  Flintridge St, sold for $126,500 in 45 days, 4 bedrooms-1853 sq.ft-basement & garage*  Eagan Dr, sold for $160,000 in 5 days, 3 bedrooms-1470 sq.ft-basement & garage*  Stratford Ln, sold for 180,000 in 2 days, 3 bedrooms-1840 sq.ft-basement & garage*  Bald Mountain Rd, sold in 16 days for $208,000-ranch style home with open floor plan & fireplace*  Solar Dr, sold for $250,000 in 73 days, 4 bedrooms-1985 sq.ft-basement & garage*  Algene St, sold for $280,000 in 7 days, 3 bedrooms-1414 sq.ft-basement & no garage*  Marie Dr, sold for $295,000 in 11 days, 4 bedrooms-2550 sq.ft-basement & garage*  Pinn...
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Falling rates spur loan demand in latest week ... RealtorMag article from 09/03/2014 discusses the rise in mortgage applications last week as the 30 year fixed rate sinks ...... Mortgage applications were on the rise last week as the 30-year fixed-rate mortgage sank to its lowest level of the year, the Mortgage Bankers Association reports Wednesday. Applications for home purchases and refinancings rose 0.2 percent in the week ending Aug. 29, according to the MBA’s seasonally adjusted index of mortgage application activity. Broken out, refinancing applications increased 1.4 percent, while applications for home purchases, viewed as a leading indicator of future home sales, dropped 1.5 percent during the week. The 30-year fixed-rate mortgage averaged 4.25 percent in the week, the lowest le...
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By Donald Horne, Team Success Listing LLC
Altos: Critics Are Wrong About Where Housing is Headed...latest article from RealtorMag discussing 2015 housing market that many say will be a bearish year...... The housing market is going to surge in 2015, despite the bearish predictions from many critics in the housing industry recently, according to a report to be released today by Altos Research, a housing data provider. “While we see signs of demand easing, we are significantly more bullish on housing than many of the recent headlines seem to suggest,” says Michael Simonsen, Altos CEO. “Based on our models, we're forecasting another year of home price appreciation, with a 7 percent home price increase for the year of 2015.” Altos is also projecting for-sale inventories to rise another 10 percent. Researchers point out that the num...
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