Kathy Linderman

Big bank news

Kathy Linderman — Fri, 10 Feb 2012 10:59:00 GMT

This is good news...a small but significant step in the right direction...

http://www.businessweek.com/news/2012-02-10/banks-agree-to-25-billion-deal-to-end-foreclosure-probe.html

Ann Arbor real estate

Kathy Linderman — Fri, 10 Feb 2012 10:57:00 GMT

The national real estate news is still pretty grim, but things are definitely looking up in Ann Arbor! Check out this article!

http://realestate.yahoo.com/promo/cities-with-the-highest-rising-home-prices.html

Open House in Normal Park on Sunday

Kathy Linderman — Mon, 16 Jan 2012 17:13:00 GMT

Normal Park, Ypsilanti - We invite everyone to visit our open house at 314 Hiawatha St. on January 22 from 1:00 PM to 3:00 PM.

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Price Reduced on 314 Hiawatha St. in Normal Park

Kathy Linderman — Mon, 16 Jan 2012 16:46:00 GMT

Normal Park, Ypsilanti - Announcing a price reduction on 314 Hiawatha St., a 2,083 sq. ft., 2 bath, 4 bdrm 4-level split "3 levels of living space + basement". Now MLS® $169,900 - .

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Open House in Normal Park on Sunday

Kathy Linderman — Mon, 28 Nov 2011 15:51:00 GMT

Normal Park, Ypsilanti - We invite everyone to visit our open house at 314 Hiawatha St. on December 4 from 2:00 PM to 4:00 PM.

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Open House in Normal Park on Sunday

Kathy Linderman — Mon, 31 Oct 2011 14:49:00 GMT

Normal Park, Ypsilanti - We invite everyone to visit our open house at 314 Hiawatha St. on November 6 from 2:00 PM to 4:00 PM.

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Price Reduced on 314 Hiawatha St. in Normal Park

Kathy Linderman — Tue, 25 Oct 2011 17:34:00 GMT

Normal Park, Ypsilanti - Announcing a price reduction on 314 Hiawatha St., a 2,083 sq. ft., 2 bath, 4 bdrm 4-level split "3 levels of living space + basement". Now MLS® $189,900 - .

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Price Reduced on 5778 Cedar Ridge in Scio Township

Kathy Linderman — Wed, 19 Oct 2011 21:40:00 GMT

Scio Township, Washtenaw County - Announcing a price reduction on 5778 Cedar Ridge, a 2,244 sq. ft., 4 bath, 4 bdrm 2 story "Colonial". Now MLS® $285,000 - .

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Open House in Scio Township on Sunday

Kathy Linderman — Wed, 12 Oct 2011 14:21:00 GMT

Scio Township, Washtenaw County - We invite everyone to visit our open house at 5778 Cedar Ridge on October 16 from 2:00 PM to 4:00 PM.

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Open House in Dicken on Sunday, October 16

Kathy Linderman — Fri, 07 Oct 2011 16:05:00 GMT

Dicken, Ann Arbor - We invite everyone to visit our open house at 1811 Coronada Dr. on October 16 from 2:00 PM to 4:00 PM.

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Single Story For Sale in Dicken

Kathy Linderman — Fri, 07 Oct 2011 16:02:00 GMT

• 1,653 sq. ft., 3 bath, 3 bdrm single story - $235,000

Dicken, Ann Arbor - Welcome home to this lovely, rambling brick ranch! Enjoy a picturesque view of mature trees from your spacious living room w/ gorgeous hardwood floors & 2-sided fireplace. Finished basement adds valuable living space, including a study, sauna w/ Swedish stove, full bath & family room w/ 2nd fireplace. Relax in your sauna or in the beautiful gazebo in your private fenced back yard. Separately fenced area for dog run. Newer roof & windows throughout. Short walk to Dicken Elementary school, close to shopping & minutes from downtown & UM.

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Price Reduced on 1700 Weldon Blvd. in Dicken

Kathy Linderman — Tue, 04 Oct 2011 15:04:00 GMT

Dicken, Ann Arbor - Announcing a price reduction on 1700 Weldon Blvd., a 1,025 sq. ft., 2 bath, 3 bdrm single story "Solid brick ranch". Now MLS® $185,000 - .

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Open House in Scio Township on Sunday

Kathy Linderman — Wed, 14 Sep 2011 20:08:00 GMT

Scio Township, Washtenaw County - We invite everyone to visit our open house at 5778 Cedar Ridge on September 18 from 2:00 PM to 4:00 PM.

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2 Story For Sale in Scio Township

Kathy Linderman — Wed, 14 Sep 2011 19:35:00 GMT

• 2,244 sq. ft., 3.5 bath, 4 bdrm 2 story "Colonial" - $295,000

Scio Township, Washtenaw County - This fabulous 4 bedroom, 3.5 bath home in desirable Arbor Pointe neighborhood is ready to move into! Some of the many extras include master suite w/ cathedral ceilings, 2 walk-in closets & master bath w/ whirlpool tub, shower & double sinks. Numerous ceiling fans, sprinkler system. Kitchen is open to family room which allows for easy entertaining. Professionally finished basement has rec/play room, study, full bath and daylight windows. New roof, windows and insulation in 2010. Great location near shopping, w/ easy highway access.

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Price Reduced on 1700 Weldon Blvd. in Dicken

Kathy Linderman — Thu, 08 Sep 2011 15:07:00 GMT

Dicken, Ann Arbor - Announcing a price reduction on 1700 Weldon Blvd., a 1,025 sq. ft., 2 bath, 3 bdrm single story "Solid brick ranch". Now MLS® $189,000 - .

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Open House in Normal Park on Sunday, 8/28

Kathy Linderman — Fri, 19 Aug 2011 16:49:00 GMT

Normal Park, Ypsilanti - We invite everyone to visit our open house at 314 Hiawatha St. on August 28 from 1:00 PM to 3:00 PM.

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4-Level Split For Sale in Normal Park

Kathy Linderman — Fri, 19 Aug 2011 16:48:00 GMT

• 2,083 sq. ft., 2 bath, 4 bdrm 4-level split "3 levels of living space + basement" - MLS® $194,900

Normal Park, Ypsilanti - This spacious home in desirable Normal Park has been lovingly rehabilitated from top to bottom. Great for entertaining, the new kitchen with granite counters & stainless steel appliances is open to the dining & living area. When guests spill into the generous yard, they will be treated to a magical garden with a plethora of easy-to-maintain perennials. Numerous improvements include: New roof with attic fan & gutter helmet, fully upgraded electric service, new plumbing, new open-concept kitchen with granite counters & stainless appliances, new main floor laundry (front loading) (option for second laundry hook-up still in basement), newly refinished hardwood floors, new paint throughout, new high-end carpet in lower level, new furnace, new hot water heater, updated bath upstairs, gut rehabbed bath downstairs, extensive perennial landscaping, new blinds and new central fire alarm system. Just steps to EMU, easy walk to Depot Town & downtown Ypsi. No showings until Monday, 8/22. Featured in the Ypsilanti Heritage Foundation Historic Home Tours, Sunday, 8/21. http://yhf.org/?p=1 Open House, 8/28, 1-3 pm.

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A few words from the President of the Charles Reinhart company about the Ann Arbor real estate market

Kathy Linderman — Sat, 13 Aug 2011 11:22:00 GMT

The real estate market continues to improve gradually, despite the end of June statistics! So, what do I mean by that? The Multiple Listing Service (MLS) of the Ann Arbor Area Board of Realtors reported that the number of residential and condominium sales January - June, 2011 were down 10.3% versus 2010. First, we have to remember that in the first half of 2010 the IRS was subsidizing people to buy homes through Federal Tax Credits for both first-time and repeat purchases. Those programs expired last summer, but they INFLATED the first six months results for 2010!

If we look deeper into this year's results there are several encouraging facts:

Home sale prices are up 3% v. 2010.
The inventory of unsold houses on the market has shrunk since last summer.
The number of properties pending (under sales agreement and moving to closing) is up versus 2010.
The home rental market is very tight today and rents are rising.
Mortgage interest rates are lower than a year ago and property tax assessments are generally declining.

I'm happy to say that Reinhart is leading the recovery. Our sales are only down 1.3% v. 2010 and our pipeline of pending transactions is up 8% v. end of June last year. Our average sale price is up 4.1% through June. As the second quarter results graphs below indicate, we continued to expand our market shares both in Ann Arbor and the larger "whole MLS" market.

We'll keep you posted on the market going forward.

Single Story For Sale in Dicken

Kathy Linderman — Fri, 05 Aug 2011 19:27:00 GMT

• 1,025 sq. ft., 2 bath, 3 bdrm single story "Solid brick ranch" - $199,000

Dicken, Ann Arbor - Welcome home to this conveniently located solid brick ranch in desirable Vernon Downs. Gorgeous hardwood floors on main level. The large living room with bay windows provides a wonderful view of this friendly neighborhood. Partially finished basement includes 2 finished rooms, a 2nd bath & storage area. Large, private yard is perfect for entertaining, gardening or simply relaxing on the patio. Enjoy easy-to-maintain shrubs, perennials & mature trees. Close to parks, downtown Ann Arbor, UM campus, shopping & highway access. Energy efficient updates include some new windows, energy efficient hot water heater (2010), foam insulation in the walls and attic fan.

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Open House in Dicken on Sunday

Kathy Linderman — Fri, 05 Aug 2011 19:26:00 GMT

Dicken, Ann Arbor - We invite everyone to visit our open house at 1700 Weldon Blvd. on August 14 from 1:00 PM to 3:00 PM.

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Open House in Depot Town Area on Sunday

Kathy Linderman — Tue, 12 Jul 2011 17:26:00 GMT

Depot Town Area, Ypsilanti - We invite everyone to visit our open house at 407 E. Forest on July 17 from 1:00 PM to 3:00 PM.

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2 Story For Sale in Depot Town Area

Kathy Linderman — Tue, 12 Jul 2011 17:20:00 GMT

• 1,152 sq. ft., 2 bath, 3 bdrm 2 story - $89,900

Depot Town Area, Ypsilanti - This is a charming, well-maintained historic home with many updates. The hardwood floors & original woodwork are gorgeous, including french doors between the dining & living rooms. Boundless love has been poured into the gardens, with countless beautiful perennials that require little care. Sit on the brick patio or side porch & enjoy the yard! Newer furnace, roof, refrigerator, water heater & water line to the street. Recent plumbing & electrical updates as well. Take an easy walk to the park, Depot Town or Corner Brewery. Short sale subject to bank approval.

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I love living in Ann Arbor!

Kathy Linderman — Sat, 25 Jun 2011 18:18:00 GMT

I know I've probably mentioned this a few times, but I LOVE living in Ann Arbor! Especially in the summer, there are always a million things to do! Tonight I will be enjoying a BBQ with my son's swim team and their families, but if that weren't happening there would be many other competing activities. The summer festival has begun and is always great fun. Check out the schedule at http://www.annarborsummerfestival.org/ . Tonight is also the first German Park picnic of the season. http://germanpark.com/ Have some good beer, German food and music. The children look espcially adorable in their old time German clothes. It is a lovely day for it as well. Whatever you decide to do tonight, have fun!

More great economic news for Ann Arbor!

Kathy Linderman — Wed, 15 Jun 2011 12:53:00 GMT

I am so happy to see stories about more jobs potentially coming to Ann Arbor! Welcome Barracuda Networks. You won't be disappointed. Ann Arbor is a wonderful place to be.

http://annarbor.com/business-review/barracuda-networks-considers-downtown-ann-arbor-expansion-network-security-information-technology-jo/

Ann Arbor real estate update from Charles Reinhart Company president, David Lutton

Kathy Linderman — Wed, 08 Jun 2011 15:03:00 GMT

The expression that "real estate is local" could not be more true for our markets today. As we are bombarded with national media reports of declining prices and huge supplies of unsold homes, the sales data of the local Multiple Listings Service is quite encouraging. We are in our 26th month of an improving residential real estate market and the recovery is gaining momentum.

There are a lot of positives behind the trend. We've been blessed with low mortgage interest rates, and employment growth which has allowed a great reduction in homes for sale (50% fewer than 5/1/09). The Ann Arbor market stabilized in 2010 and will likely see modest price appreciation this year. It is encouraging that we are seeing improved demand and sales activity across more and higher price ranges.

There are also many new complexities in the market. Conditions are much softer outside of Ann Arbor. Saline, Dexter, and Chelsea markets are strengthening very gradually, and the Ypsilanti market has "re-set" at much lower price levels. The threat of new waves of foreclosures is much more pronounced out-county. Layered over the entire market are many new documentation requirements in the mortgage process, new appraisal regulations, and new procedures for all forms of "distress" sales. With sale prices down 30% on average in the marketplace, Realtors are earning their commissions!

At Reinhart, we've made good progress through the great recession and into recovery. We have maintained and strengthened our position as the area's leading brokerage. Today we enjoy 39%+ market share in Ann Arbor and a 30% market share of the entire MLS sales volume. In luxury home sales we're even stronger, with 44% and 42% respectively. I'm pleased to report that Reinhart's single family property management group currently manages 250 homes and condos in greater Ann Arbor. The rental market is hot, rents are rising, and demand from tenants is very strong. Last, Reinhart's Ann Arbor Mortgage Co. is celebrating 15 years of successful operation and enjoying strong success.

Enough tooting our horn, we'll write again soon with new market observations. Have a great summer!