homes & real estate

October 2013
Serving Wexford, Missaukee, Osceola, and eastern Lake Counties

homes

& real estate

Here's My Card...
real estate directory
Closing Agent 231-775-1148 Fax: 231-775-0838 email: vball@lakesidetitlellc.com

INDEX OF ADVERTISERS ServiceMaster .........................................................2 Heres My Card.........................................................2 ERA Greater North Properties ...................3 Pheasant Ridge Estates .................................. 4 PRO Realty..................................................................5 Whitetail Realty ....................................................7 Northwestern Bank ...........................................9 RE/MAX Central ....................................................10 RE/MAX Central .................................................... 13 Premier Realty ...................................................... 15 View this guide all month long online at www.cadillacnews.com

Vicky Ball

102 S. Mitchell St., Suite B Cadillac, MI 49601

Insurance Consultants Serving all of Michigan

James Frizzell

Many Services. One Guarantee.

Smoke or Water Damage Residential & Commercial Services!

Auto Home Life Business 856 N. Mitchell St., Cadillac, MI 49601 231-775-7778 231-510-7718 jfrizzell@farmersagent.com

Clean

231-775-0564

611 Sunnyside Drive Cadillac, MI

Clean

15% Off
Coupon Expires 10-31-13.

Furniture Cleaning Carpet Cleaning

A branch of Amerifirst Financial Corporation LENDER NMLS#110139

231-775-0564

611 Sunnyside Drive Cadillac, MI

Clean

10-30% Off $15.00 Off

Coupon Expires 10-31-13.

Any Service $90 Clean Coupon 231-775-0564 Expires 10-31-13. Or Over

611 Sunnyside Drive Cadillac, MI

Candice Vickery
NMLS#140432

Jeanne Sands
NMLS#389528

Candice Vickery, Branch Manager cvickery@amerifirst.com Jeanne M. Sands, Loan Officer jsands@amerifirst.com

THE CLEAN YOU EXPECT, THE SERVICE YOU DESERVE.

611 Sunnyside Drive Cadillac, MI

231-775-0564

231-468-3333 201 N. Mitchell, Ste. 202, Cadillac, MI 49601 www.cadillacmortgage.com www.amerifirst.com

2 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Always There For You

Barn witH 16.5 wooded acres 3 Bedroom Home on 6 acres, outBuildings!
new Price!

commercial 17 acres on m-115 attention investors! Home needs tlc

reduced Price!

LAKE CITY $49,900 Wood 2-story barn 20x24 Close to Clam River and state land Mixed hardwoods and open area Wet marsh area on north side Great hunting land 16.5 acres Near Lucas, land contract Mary Anne Colmus #C21103558

MESICK $117,900 3 bedroom, 1 1/2 bath, open concept, vaulted ceilings Full basement, enclosed front porch, deck Detached garage 20x24, pole building 24x30 2 horse barns, fenced area, chicken coop 1 room cabin w/wood heat, 300 ft. sidewalk 6.84 acres, private road, cannot see from road! Mary Anne Colmus #C21109158

TUSTIN $89,000 4 pole barns, well insulated, cement floors Overhead heaters in 3, 4th is ready for one Electric and water to all pole barns 3 storage sheds, paved parking Fenced and gated areas, 17 wooded acres Business possibilities are endless, call today! Mary Anne Colmus #C21110456

CADILLAC $24,900 3 bedroom, 1 1/2 bath, 1 car garage Fenced backyard Land contract terms available Beth Waldo #C21108286

cHarming Home near Historical district cHarming 4 Bd./2 BtH. Brick Home!
reduced Price! listing! new

Hunters dream!!

Home on 27 acres!

CADILLAC $134,900 5 bedroom, 1 1/2 bath, large rooms Beautifully refinished hardwood floors Updated kitchen Additional 2 bedroom, 1/2 bath upstairs apartment w/separate entrance as income property or private guest suite Large 3 car detached garage Great location! Beth Waldo #C21109918

CADILLAC $82,900 Totally renovated 4 bedroom, 2 bath, over 1600 sq. ft. 1 car garage, balcony, and large back yard Updates include newer kitchen, new bathroom, refinished hardwood, paint, flooring and more!! Virtual tour at www.BarryFall.com Barry Fall #C21110851

LUTHER $99,900 60 rolling acres!! Variety of terrain including level areas, rolling hills, ravines and gorgeous hilltop views! Excellent hunting! Adjoins state land! ATV and hiking trails Barry Fall #C21110392

LAKE CITY $89,900 27 gently rolling acres 3 bedroom, 2 bath home with many updates! New windows, deck, and more! Just a few minutes north of Lake City Virtual tour at www.BarryFall.com Barry Fall #C21110317

Hunters Paradise!

two Homes for tHe Price of one!

secluded country setting

40 acre Hunting camP!

LAKE CITY $149,900 60 wooded acres adjoining state land Newer cabin comes furnished Barry Fall #C21110223

CADILLAC $64,900 Attention Investors!! One 3 bedroom, 2 bath home renting for $650 One 2 bedroom, 1 bath home renting for $450 Many recent updates including roof, paint, furnace, water heater, and much more! Virtual tour at www.BarryFall.com Barry Fall #C21110034

MARION $64,900 3 bedrooms, 2 baths Vaulted ceilings, fireplace, carport Huge deck, and storage shed Enjoy peaceful evening on the huge deck Over an acre of land!! This is a must see!! Barry Fall #C21109711

TUSTIN $79,900 Newer rustic wood cabin! 40 rolling acres w/ mature hardwoods Excellent hunting property! Several large bucks have been taken from property Virtual tour at www.BarryFall.com Barry Fall #C21109707

Business oPPortunity
reduced Price!

Hillside cHarmer!

great location!!

cozy farm House!!

LAKE CITY $179,900 Fully operational licensed daycare/learning center Private home, 3 bedroom, 4 combined baths Two large classrooms, office area Shared industrial-style kitchen, huge fenced in yard Barry Fall #C21109177

MANTON $239,900 5 bedroom, 2 bath Over 2,800 sq. ft. finished living area Large master suite w/walk-in closet, remodeled kitchen Close to Emerald Vale Golf Course Spectacular views, amazing sunsets Close to Cadillac and Traverse City Barry Fall #C21109083

MANTON $67,900 3 bedrooms, 2 baths 4 car garage, on 1.4 acres Over 1400 sq. ft. Many recent updates!! Close to town!! This is a must see!! Barry Fall #C21108868

EVART $39,900 2 bedroom, 1 bath, on 1 acre New furnace, water heater, well and more! Located near Sunrise Lake Additional 1 acre and pole barn available Call today to take a look! Barry Fall #C21108154

40 wooded acres!!

outdoorsmans Hideaway!!
new listing! MANTON $27,000 Secluded getaway fully equipped and ready to play! Includes a 2005 27 ft. Coachman, 2 - 4 wheel ATVs Also includes Honda generator, 20x10 outbuilding, canoe, utility trailer and much more!! All this on 2.39 acres next to state land and ATV trails Virtual tour at www.BarryFall.com Barry Fall #C21110787

land contract availaBle!

MESICK $79,900 Secluded getaway or hunting camp! 40 rolling acres close to state land Property is a mixture of hardwoods and pines Wildlife galore!! Virtual tour at www.BarryFall.com Barry Fall #C21105235

CADILLAC $74,900 Nice 3 bedroom, 1 bath with a partially finished basement Includes a detached 1 car garage Close to hospital and downtown Owner will consider LC with 20% down Barry Fall #C21108909

FORECLOSURE LIST TODAY!

Go To: www.cadillacforeclosures.com

FREE

Get Your

ERA
GREatER NoRth PRoPERtiEs

Barry Fall, Broker/Owner 231-357-4673

3080 W. 13th Street, CadillaC www

.CadillaCERa.Com 231-779-8088

Mary Anne Colmus 231-357-5218

Beth Waldo 231-629-7100

3 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

 Immediate Occupancy on Most Homes Financing Available to Qualified Buyers

407 Farm Lane 403 Thistlewood Dr. 453 Fairway Drive

Cadillacs Premier Manufactured Home Community

1996 Skyline 16x80, 3 bedrooms, 2 baths, partially furnished, deck, shed, carport, landscaped with nice shade trees, lots of upgrades.

$22,500

1991 Parkwood, 2 bedrooms, 2 baths, 28x60, carport, porches, spacious oak kitchen cabinets, morning room w/bay window, finished drywall living room & dining room, A/C, shed, new roof

$35,900

SAVE! Was $25,900 - NOW $21,900*

1993 Holly Park, 28x44, 3 bedrooms, 2 baths, oak cabinets, rear covered deck, shed, carport, parking pad, stove, refrigerator, dishwasher

*First year lot rent only $249/mo. with purchase of this home.

399 Thistlewood Cadillac Hours: M-F 8-5 Weekends by appointment

(231) 775-7210

home
Contact Lindsay at 231-779-4145.

welcome

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CADILLAC

4 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

THE PRO TEAM... MAKING REALTY A REALITY

P REALTY OF CADILLAC
PRICE R EDUCED
COUNTRY HOME IN FALMOUTH. Partially updated farmhouse on 1.6 acres. Barn/garage with storage loft and workshop. 2 to 3 bedrooms, 2 baths, covered deck. Ready for your finishing touch. McBain schools. Only $34,900. Call Shirley. #2864

Shirley J. Schafer Broker/Owner

Scott Schafer Sales Associate

Brian Hoekema Sales Associate

Carl Genzink Sales Associate

5884 E. M-115, Cadillac, MI 49601 Office: (231) 779-2515 Fax: (231) 779-8605 E-mail: info@prorealty-cadillac.com www.prorealty-cadillac.com Hours: Monday-Friday 9 AM-5 PM, Saturday 10 AM-2 PM

NEW LIS

TING

NEW LIS

TING

SELLER

ANXIOU

BARGAIN HUNTERS! 3 bedroom, Cape Cod, 2 baths, fireplace, large living room, formal dining room, full basement, attached 2 car garage, corner lot. Central Cadillac location, needs work. CASH BUYERS! Only $34,900. Call Shirley. #2876

3 UNIT, 2 BEDROOM, APARTMENT BUILDING, all main floor living. Close to state land and snowmobile trails, short drive to Lake Michigan or the Great Rivers! Ideal for group or family purchase for recreational getaway or continue rental use! 1 car garage. Only $60,000. Call Shirley. #2873

GREAT GETAWAY CABIN! Mesick area, rustic 3 bedroom, 1 bath cabin, covered deck. Enclosed porch, pole barn garage, 3 acres, near 1000s of acres of government land. $41,000. Call Shirley. #2857

HUNTERS DELIGHT! Heavily wooded 21 rolling acres with pole building, pond and artesian well. Excellent hunting area. State land and rivers nearby. GREAT BASE CAMP! EVART AREA. ONLY $47,500. Call Brian. #2875 GRAVES CROSSING JORDAN RIVER, great campsite, bordered on 2 sides by government land. Very close to the Jordan River canoe launch. Ideal site for a deer camp, wooded 2.7 acre parcel, $15,000. #2851 WOODED ROLLING 10 ACRE PARCEL. Great recreational parcel or wonderful place to build your dream home or your northern Michigan recreational retreat. 566 ft. frontage on M-115 between Cadillac and Marion. Only $16,500. Call Shirley. #2863

UNIQUE VINTAGE VICTORIAN. Delightfully updated Victorian. 2000 sq. ft., 5 bedrooms, 2 baths, formal dining room. 2 family areas, nice living room, sunny eatin kitchen, parlor, sun porch, covered wrap around front porch, attached 2 car garage, large fenced & well landscaped yard. A lot of original wood work. Marion area. Priced to sell $69,900. Call Shirley. #2846

NICE 3 BEDROOM, 1 bath ranch with garage, recently remodeled with new roof and new heating/cooling systems. Home is in a rural setting but close to town. Could be either McBain or Cadillac schools. ONLY $60,000. Call Brian. #2855

TWO WOODED BUILDING SITES with shared lake access, Buckley area. Short drive to either Traverse City or Cadillac, quiet residential area. #2861 - Frontage on three roads, wooded 3.85 acres. ONLY $22,500. #2862 - Frontage on 2 roads, wooded 2.07 acres. ONLY $22,500.

PRICE R

EDUCED
ON GOLDEN POND authentic log cottage on all sports Diamond Lake. Awesome sunset views! Stone fireplace, modern kitchen, lakeside deck, sandy beach. Recent updates include newer roof furnace,kitchen, windows, water softener, water heater and well. Open floor plan. Only $135,000. Call Shirley. #2870

NEW LIS

TING

GREAT UP NORTH GETAWAY! 100 of Elbow Lake, Irons area, 2 bedrooms, 2 baths on main floor, 1st floor laundry, open floor plan, partially finished walkout basement w/egress windows, 2 additional bedrooms, pre-plumbed for 3rd bath, large lakeside deck, attached 2 car garage, large lot slopes to waters edge. Only $133,900. #2871

GREAT UP NORTH GETAWAY! Cozy cabin for hunting and snowmobiling. Many trails and government land nearby. Boon area, great deer camp! 2 bedrooms, bunk room, great room, 1 bath. 10 acres. Only $37,900. #2874

TING NEW LIS

AFFORDABLE BARGAIN! Cozy 2 bedroom, 1 bath, partially updated home, located close to several lakes and public recreational land. Good for starter, cabin, or retirement home, 4 season recreational area. Only $24,900. Call Shirley. #2872 WOODED 10 ACRES WITH FRONTAGE on the Clam River. Secluded heavily wooded acreage with several nice building sites. Great place for a base camp or ideal location to build a secluded riverfront cabin. Only $36,000. Call Shirley. #2869

GREAT BUILDING SITES

CAMPING OR BUILDING SITE, Rose Lake Forest, shared lake access, only $4,900. #2867 1.03 ACRES, in Manton, great building site only $8,000. #2865 2.73 ACRES, in Manton, great building site, only $12,000. #2866 5.0 ACRES, near Marion, great for hunting/camping or building, only $12,500 #2868

LAND DEALS
GREAT VACATION SPOT!! Low, low price! Partially wooded double lot with access to Rose Lake. Power pole installed. Site cleared for building. Survey on file. Now only $5,500. #2503 20 ACRES OF HUNTING LAND with small stream in Tustin area, $42,000. #2756 VACANT LAKE LOT .58 acres with sandy frontage on all sports Lake Meauwataka. Ideal for walkout basement. Only $45,000.

5 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Finding The Right Agent

By Sam Erickson Picking a real estate agent is one of the most important things you can do when buying a home. The agent will find you homes to look at, negotiate with the other party and eventually close the deal. They will help guide you through the process with their years of experience. Because they are so essential to a successful search, its worth your time and effort to pick someone you can really work with who has the expertise to shepherd you successfully through the process. What do you look for? The right real estate agent is not necessarily someone you would want to spend time with. What you are doing is establishing a business relationship, not a friendship. As such, open communication is essential. You should be comfortable asking questions, and the agent should be willing to accommodate your requests. Remember, its your money, so picking someone who is going to get you the best deal is always your best option. Nothing beats experience and knowledge of the market, so try to find someone that is an expert in the area where you are looking and has been in the field for some time. Some agents specialize in buying houses and some specialize in selling houses, so choose the right one for your needs. Your best option is to get a referral from a friend or family member who has had recent experience with an agent. They can give you the positive and the negative aspects of the agent. If you cant get a referral or youve exhausted those options, one great way to meet several different agents is to attend open houses. You can briefly interact with an agent and get some idea about their personality without any commitment at all. If you time things right, you can meet with several different agents in the same day. You can also get a feel for how they will treat prospective customers for your home. Be wary of anyone who tries to rush you into paperwork. Before selecting a real estate agent, and definitely before signing any kind of paperwork, try to sit down with several and interview them. You can learn a lot about someone by the way that they interact on the phone and treat you from the start. Agents will take a percentage of your final sale, so be wary of anyone that is trying to encourage you to spend more money than you are interested in. There are many agents in the market today with varying skills and abilities, and the home buying process can often be a long one. If your agent isnt working out, you may choose someone else to represent you. An agent is exactly that, someone acting on your behalf, so you have to find someone you believe in to represent you on your search for the perfect home.

6 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Whitetail Realty
Carolyn Jeff Rick Darin Bob Randy

231-839-8142 101 S. Main St., Lake City, MI www.lakecitymirealestate.com www.lakemissaukeerealestate.com

NORTH MISSAUKEE
W G NE TIN S LI

CITY OF CADILLAC
W G NE TIN S LI

LAKE CITY AREA

E IC ED PR UC D RE

MANTON AREA

MLS#21110829

2 bedroom, 1 bath home in Cadillac Nice updates and some hardwood floors Nice patio area w/fenced back yard Large storage building in back

$44,900

MLS#21108037

4 bedroom, 2 bath home Beautiful stone fireplace Covered porch and a deck 19 acres to roam or hunt on

$99,000

MLS#21110017

2 bedroom, semi-rustic cabin 16+ wooded acres near state land Large covered porch in a private setting Open kitchen, living room area

$69,900

MLS#21110733

3 bedroom, 2 bath, country home Tile floors in kitchen & baths 30x40 garage, nice deck Large open floor plan 20 acres w/woods & open areas

$129,900

MCBAIN
W G NE TIN S I L

NORTH MISSAUKEE
W G NE TIN S I L

LAKE MISSAUKEE
W G NE TIN S I L W G NE TIN S I L

MANTON

Duplex, live in one, rent the other Each side is 2 bedrooms, 1 bath 1 car attached garage for each unit Basement, deck & nice yard

MLS#21110662

$139,900

MLS#21110773

Updated 4 bedroom, 1 bath home Detached garage, basement New furnace & windows 1st floor laundry, 2.65 acres 50x16 & 42x25 outbuildings

$104,900

MLS#21110589

2 bedroom, 1 1/2 bath lakefront cottage Basement, garage and dock included 80 of lake frontage, furnishings included Large windows facing the lake, great view

$215,000

MLS#21110612

Large duplex housing unit near Manton One 1 bedroom unit, one 2 bedroom unit 36x36 garage split in half for each rental Each one has its own 10x12 deck

$77,900

EAST MISSAUKEE
E IC ED PR UC D RE

NORTH MISSAUKEE
W G NE TIN S LI

NORTH MISSAUKEE
W G NE TIN S LI E IC ED PR UC D RE

DYER LAKE

MLS#21109887

2 bedroom home & 1 bedroom cabin House has full partially finished basement 3+ car garage plus a 1 car garage 75 acres with trails for hunting or ATVs

$199,000

MLS#21110845

20 nicely wooded acres Trail road access, storage shed State land across trail from parcel Older travel trailer on property

$39,900

MLS#21110850

Rolling heavily wooded 78 acres Good mix of hardwoods & pines Wet area to attract the wildlife Adjoins state land on the west side

$119,000

MLS#21106284

3+ bedroom home on Dyer Lake Full walkout basement, 2 baths 48x8 covered porch/deck Great views overlooking the lake

$189,000

CADILLAC

LAKE CITY/CADILLAC

LAKE CITY

NORTH MISSAUKEE

3 bedroom, 2 bath home in Cadillac Attached 2 car garage, 1st floor laundry Full basement with insulated walls Not far to downtown or the lake

MLS#21105151

$131,000

MLS#21109996

5 bedroom, 2 bath home in North Country Sub Partially finished basement, 3 car garage Family room, landscaped grounds Access to Trout Stream, Clam River

$139,500

MLS#21110266

2 bedroom, 1 1/2 bath w/walkout basement Loft area w/hot tub, some appliances Heated detached 2 car garage Nice covered wrap around deck

$110,000

MLS#21110171

1282 sq. ft. cedar sided cabin 3 bedrooms, 1 bath on 10 acres Hardwood floors, tile countertops 8x30 covered deck, appliances included State land only 1/4 mile north of property

$89,900

7 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Basic Real Estate Language

By Sam Erickson Whether youre buying your first home or moving after a period in your house, you may not be familiar with the very specific and very important basic language of real estate transactions. Here is a brief glossary to help you get started and understand the intricacies of your home purchase. When you are looking for a mortgage, youll have to be concerned with your debt-to-income ratio, PITI and PMI. In order to know what kind of borrower you will be, the lender is going to want to have proof of how much income you have and how much debt you owe. If you owe a lot of money and dont make much, you might not be a good candidate for a large loan. PITI is the acronym for principle, interest, taxes and insurance. These are the four components that make up your mortgage each month, the amount of money you owe, the interest on that loan, the property taxes you have to pay (which are paid partially each month) and the insurance for your home, required by the lender. PMI is actually a different kind of insurance. If you are unable to put down an adequate amount, many lenders will require that you have insurance on the mortgage, adding costs each month. There are two main types of mortgages, fixed rate and adjustable rate. Fixed is a mortgage loan where the rate will not change, no matter what happens to the economy. With a fixed mortgage, your mortgage payment will stay the same through the entire course of the loan, which is often attractive to people who want to know exactly what their financial commitments will be and how much they will have to pay. In contrast to a fixed mortgage, adjustable rate loans usually start out with a lower rate for a period of time, often three or five years, and then later adjust to the new rate at that time. That means the rate could go up or down, and these are seen as more of a risk for buyers, although they do provide a lower rate at the beginning. When you are looking to buy or sell, you will have to have an appraisal, a professionals estimate of the

value of your home. These are usually performed by the lending agency to ensure that the property they are lending you money for is actually worth the money you are asking for. These depend on local market conditions, and appraisals can vary, depending on the assessor. When you are looking for homes, your real estate agent will find you some comparables, commonly shortened to comps. These are homes in your market with roughly the same value. These are useful in deciding what the real value of a home is. By comparing it to others of a similar sale price, you can find the value of any home for sale. At the end of the process, youll have to go to a closing, the official transfer of property. Usually, this involves a formal meeting between buyers, sellers and agents, but it might all happen through your escrow officer. Escrow is a system where funds are set aside into a third-party account until all of the paperwork is complete. Your bank will send money to the escrow account, and they will then transfer the money to the seller after all of the paperwork has been finalized, providing some measure of assurance for both parties. These are just a few of the terms that youll need as you go through a home sale or purchase. The best thing you can do is to ask your real estate agent any time you have a question about the vocabulary and to keep track of the really important terms. Its your money, and not knowing the lingo can lead you into some serious problems.

8 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Monthly Payment Per $1,000 Borrowed

Rate 1.000 1.125 1.250 1.375 1.500 1.625 1.750 1.875 2.000 2.125 2.250 2.375 2.500 2.625 2.750 2.875 3.000 3.125 3.250 3.375 3.500 3.625 3.750 3.875 4.000 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 Interest Only 0.08333 0.09375 0.10417 0.11458 0.12500 0.13542 0.14583 0.15625 0.16667 0.17708 0.18750 0.19792 0.20833 0.21875 0.22917 0.23958 0.25000 0.26042 0.27083 0.28125 0.29167 0.30208 0.31250 0.32292 0.33333 0.34375 0.35417 0.36458 0.37500 0.38542 0.39583 0.40625 0.41667 10 Year 8.76041 8.81477 8.86935 8.92414 8.97915 9.03437 9.08982 9.14547 9.20135 9.25743 9.31374 9.37026 9.42699 9.48394 9.54110 9.59848 9.65607 9.71388 9.77190 9.83014 9.88859 9.94725 10.00612 10.06521 10.12451 10.18403 10.24375 10.30369 10.36384 10.42420 10.48477 10.54556 10.60655 15 Year 5.98495 6.04008 6.09554 6.15132 6.20743 6.26386 6.32061 6.37769 6.43509 6.49281 6.55085 6.60921 6.66789 6.72689 6.78622 6.84586 6.90582 6.96609 7.02669 7.08760 7.14883 7.21037 7.27222 7.33440 7.39688 7.45968 7.52278 7.58620 7.64993 7.71397 7.77832 7.84297 7.90794 20 Year 4.59894 4.65492 4.71134 4.76818 4.82545 4.88316 4.94129 4.99985 5.05883 5.11825 5.17808 5.23834 5.29903 5.36014 5.42166 5.48361 5.54598 5.60876 5.67196 5.73557 5.79960 5.86404 5.92888 5.99414 6.05980 6.12587 6.19234 6.25922 6.32649 6.39417 6.46224 6.53070 6.59956 25 Year 3.76872 3.82558 3.88297 3.94090 3.99936 4.05836 4.11789 4.17795 4.23854 4.29966 4.36131 4.42348 4.48617 4.54938 4.61311 4.67735 4.74211 4.80738 4.87316 4.93945 5.00624 5.07352 5.14131 5.20959 5.27837 5.34763 5.41738 5.48761 5.55832 5.62951 5.70117 5.77330 5.84590 30 Year 3.21640 3.27413 3.33252 3.39154 3.45120 3.51150 3.57243 3.63400 3.69619 3.75902 3.82246 3.88653 3.95121 4.01651 4.08241 4.14892 4.21604 4.28375 4.35206 4.42096 4.49045 4.56051 4.63116 4.70237 4.77415 4.84650 4.91940 4.99285 5.06685 5.14140 5.21647 5.29208 5.36822 40 Year 2.52856 2.58808 2.64845 2.70967 2.77172 2.83462 2.89834 2.96289 3.02826 3.09444 3.16142 3.22921 3.29778 3.36714 3.43728 3.50818 3.57984 3.65226 3.72541 3.79930 3.87391 3.94923 4.02526 4.10198 4.17938 4.25746 4.33620 4.41559 4.49563 4.57629 4.65758 4.73947 4.82197

Buying, building or re nancing? Were lending!

Call Katy Huckle at 775-2688 nwbank.com

NMLS 687125 Member FDIC

9 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Cadillac

MLS#21110789 4 bedroom, 4 bath 10 foot ceilings Den/study/office

$349,500 Cadillac

MLS#21109407 100 lake frontage 5 bedroom, 4 bath Stone fireplace

$299,900 Manton

MLS#21110610 3 bedroom, 3 bath 10 acres Hardwood floors

$209,500 Cadillac

MLS#21109434 4 bedroom, 3 bath Large 1.16 acre lot 2 fireplaces

$194,000

LeRoy

MLS#21110400 4 bedroom, 3 bath Knotty pine interior 10 acres with barn

$179,900 Manton

MLS#21110065 Creek frontage 36+ acres South of Manton

$109,900 Cadillac

MLS#21110594 39+ acres Adjoins state land Paved road

$89,900 Cadillac

MLS#21109341 Adjoins state/federal land 20 acres m/l Electric runs past property

$65,000

LeRoy

MLS#21110674 4 bedroom, 2 bath 62 Hogback Lake frontage Quality oak cabinets

$115,000 Lake City

MLS#21110217 Crooked Lake frontage 30x40 pole barn 3 bedroom, 1 bath

$99,900 Cadillac

MLS#21110880 4 bedroom, 1 3/4 bath Open floor plan Basement rec room

$93,000 Cadillac

MLS#21110071 3 bedroom, 2 bath Private deck and waterfall Move-in ready - must see!

$89,900

Lake City

MLS#21110407 2 bedroom, 1 bath Large double lot Bonus room above garage

$76,500 Cadillac

MLS#21110444 3 bedroom, 1 bath Large double lot Well maintained home

$69,200 Evart

MLS#21110447 3 bedroom, 2 bath Canal frontage Complete with all furnishings

$52,500 Cadillac

MLS#21110837 Great investment or fixer-upper 3 bedroom, 3/4 bath 1st floor laundry, eat-in kitchen

$19,900

THE Up north team

124 S. Mitchell Cadillac 231-775-1205 Chris Redes 231-468-9502 Joe McGiness 231-590-1174 credes@remax.net mcginess@remax.net www.chrisredes.com www.joemcginess.com
10 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Central

For Your Home Purchase

By Sam Erickson Homeownership is back on the rise, and you might be thinking about putting down some roots and taking on a mortgage. It can be a daunting task, but following a few simple steps can help put you in the best position to be successful with your home purchase. We see a ball, follow its course and watch where it goes, but beyond the shape, what do we know about that ball? We tend to watch the passer, thrower, putter, hitter, kicker of the ball but often dont think about the ball itself. There is more to that ball than meets the eye. First, check into your credit score. Along with your income, your debt and your assets, this is one of the primary factors determining how much money you will be able to get from the bank. This is essentially a rating of how good you are at paying your bills, so youll want to shore it up after getting a report. Even a small problem like an old, unpaid traffic ticket can reduce the credit score and can easily be taken care of. Its best to tackle this problem several months before you start seriously looking to buy a home. Do a home finance audit. A home is a major commitment. Along with the actual mortgage come insurance, property taxes and any home repairs. You cant just call a landlord in the middle of the night to fix a problem; youll be responsible. One easy way to do this is assiduously to track all of your income and expenses for two weeks, including small things like an extra coffee and even your tips. This will let you know if there is any wiggle room in your finances where you can cut back to increase savings or make payments on a house. If you are already at the edge of your spending range, you may need to cut your spending or increase your income in order to afford a home. Buying a home you cant actually afford will leave you stressed out each month and may lead to things like missing payments or even foreclosure in the long run. If youre not prepared, it may be best to wait. Do your research. There are a lot of things youll have to research in order to be an informed buyer. First, youll need to build a team of trusted people to help you with your home purchase. This includes a real estate agent, a mortgage broker or lender, and a

Getting Ready

home inspector. In addition to researching your team, youll want to do a lot of research on the market. Individual home markets differ, and knowing what the trends are in your market can give you the tools to make an advantageous offer. Youll also want to research neighborhoods. Things like schools, access to public transportation, crime rates and resale value in homes can make a big difference in your quality of life and in your long-term investment. Finally, get pre-approved for a loan. A preapproval which is different than a pre-qualification is a guarantee from a lender that you will be able to acquire a loan in that amount. This is key with sellers, particularly those who are choosing from multiple offers. It provides them with assurance that your deal wont fall through. A home is the biggest purchase most people make in their life. As such, it deserves extra time, attention and research to make sure that you make the right decision. If you do the right kind of work beforehand, once you get your keys youll have nothing to worry about.

11 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Things You Didnt Know About Buying A Home

By Sam Erickson Home buying is a complicated process, so most people spend time preparing themselves by getting to know the market and researching a good team. Research can only take you so far, though. Here are some things that might surprise you during your home buying process. The paperwork. After the bad lending habits that led to the recent housing crash, there is more paperwork than ever. There will be paperwork when you sign an agreement with your real estate agent. There will be paperwork when you make an offer, and there will be lots of paperwork when you go for closing. There will even be paperwork that verifies that your paperwork is your paperwork. It can be dizzying and confusing, but you should never sign paperwork that you dont understand. Experts have a tendency to move through paperwork quickly because they know what it is, but youve got the right to demand explanation. The home inspection can derail a home purchase. After a long search, youve finally put an offer in that has been accepted, and youre elated. Now youre waiting only on the home inspection. Be prepared, the home inspector will find problems. If it comes back with lots of problems, there will be negotiation. A bad inspection doesnt spell the death knell for a deal, but if there are significant problems or the seller is unwilling to negotiate in ways that you think are reasonable, then a bad home inspection can lead you to pull out of an impending deal. Extra expenses. While youve been saving for the down payment, there are always going to be some extra expenses in the home buying process. You might need to pay for additional home inspections. You might need to pay for some estimates for repairs, whether structural or cosmetic. You might need to rent a storage unit for a few days. Stash away some extra cash to meet these needs. Things will not go as you expect. With so many moving parts to a housing deal, buyer, seller, agents, lenders, inspectors and the like) there is always the possibility that someone will make a decision that will put a bump into the road to your new home. Trying to be flexible and available can help you meet the everevolving needs of this diverse group and keep you on track. The process is complex, but the reward is just as great, so its worth going through some unexpected hurdles to get into your first home.

Surprise! Surprise!

12 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Mike McNamara, GRI

Associate Broker, ABR Lakefront Property Specialist Certified Luxury Home Marketing Specialist

LARGE LOTS IN BRAMBLEWOOD ESTATES

MEMBER OF HALL OF FAME

www.mikesellscadillac.com E-mail: mmcnamara@remax.net

231-920-6453

M-BWE-Lots Large, wooded sites are now available in the one-of-a-kind Bramblewood Estates subdivision. Sites range from just over 1 acre to over 6 acres in size. Bramblewood is known for its beautiful, luxurious homes in a quiet, private setting. Build your new home among some of the finest and newest dwellings in the area. You will love the wooded coverage, rolling hills and countryside views. Just minutes from town and quick access to destinations on any point of the compass. Underground utilities, cable and natural gas are available. Prices range from $22,400 to $65,900. See photos on www.mikesellscadillac.com

OVER 200 ACRES

DEVELOPMENT POTENTIAL

Central
Each Office Independently Owned & Operated

124 S. Mitchell Street, Cadillac

866-775-1205 Toll Free

TERRIFIC HOME ON LAKE MITCHELL DEVELOPMENT POTENTIAL

231-775-1205

M-21110647 $1,200,000 Possible trailer park or modest value home development site with 205+/- acres in growing Haring Township. Near the water tower, south border is Cadillac Motorcycle Club, runs north to 32 Rd. Two tracks throughout; easy to view entire parcel. See photos on www.mikesellscadillac.com

M-21110566 $879,000 Lake Cadillac DEVELOPMENT SITE includes 385 ft. of lake frontage, 1.3 acres of land, 2 commercial buildings. The Marina Restaurant is a destination location for up north travelers. The convenience store was built in 1996 and includes 2 baths and 3,700 sq. ft. The site would make an excellent water park, amusement business or terrific lakefront condominium development. Seller will consider financing terms. See photos On www. mikesellscadillac.com

BRAMBLEWOOD ESTATES

200 FT. ON BERRY LAKE

M-21105182 $499,000 An awesome site on Lake Mitchell with a spectacular sunset view! 4 BDs, 3 BAs, 6300 total sq. ft. 2 sided fireplace, vaulted ceilings, central air, main level laundry room, whirlpool tub, master suite with bath & private deck. Large kitchen with dual radiant baking & roasting oven. 2 car heated attached garage with entry to basement, tons of storage & a tornado shelter! Detached storage garage too. Monitored security system. Convenient location. Gorgeous landscaping, sprinkler system & seawall. See photos on www.mikesellscadillac.com

M-21110646 $390,000 32 acre development site across the street from a successful and growing assisted living operation. Terrific spot to develop cottage dwellings to transition into assisted living arrangement in the future. Other piggy back possibilities related to nearby luxury home subdivision, equestrian interests, nearby churches and close proximity of US-131 Highway. See photos on www.mikesellscadillac.com

M-21001903 $229,900 Randy Sebring Builder will complete this home to suit your tastes to include 1620 sq. ft. of living space, 3 BDs, 2.5 BAs to be built on a beautiful site in Bramblewood Subdivision. The walkout level can be finished to add an additional 1500 sq. ft. of living space. Randy Sebring Builder has grown his business on hard work, attention to quality and customer satisfaction. With the site elevation and slope to the south, this is one of the most desirable acre and a half lots remaining in the subdivision. See more photos on www.mikesellscadillac.com

M-21108231 $169,000 Over 200 ft. of fabulous lake frontage on all sports activity Berry Lake. The site orientation will provide excellent sunset views. Lots are nicely wooded and the topography is suitable for construction of walkout style basement. Berry lake is located 5 minutes from downtown Cadillac and has numerous very nice new homes. Investing your money in a new home here is more secure than most other options. If you have no interest in the 2 BD, 1 BA, 512 sq. ft. cabin that exists on lot 29, the seller will remove the cabin and slab as part of the sale. See more photos on www. mikesellscadillac.com

14 ACRE SITE, PARTIALLY WOODED

80 ACRES

TERRIFIC LOCATION

LAKE MITCHELL ACCESS & DOCK

M-21108334 $130,000 4 bedrooms, 1.5 baths, 1196 sq. ft. living space plus screen room on main level. 774 additional finished sq. ft. in basement. Attached garage plus detached 3 car garage and 32x24 pole building with tall side walls. 420x142 site offers a variety of open meadows and wooded area that would make a nice little horse ranch. See photos on www.mikesellscadillac.com

M-21107896 $129,900 80 wooded acres that adjoin state land on 2 sides. Excellent spot for hunting and recreation, close to Long Lake ORV trails. 1 mile from Clam River trout stream fishing. Easy access to shopping & conveniences of town, only 2 miles off paved roads. US-131 Highway is quickly within reach. See photos on www.mikesellscadillac.com

M-21108688 $129,900 3 BDs, 2 BAs, 1800 sq. ft. of space plus 3 season sun room and finished basement (total finished 2674)! Location is 1 block off Lake Cadillac on a double lot. Features include expansive island kitchen, beautiful hardwood floors, main floor master tile baths and vaulted ceiling in sun room. Attached 2 car garage, covered front sitting porch and concrete driveway add to the appeal from the curb. See photos on www. mikesellscadillac.com

M-21108660 $124,900 2 BDs, 2 BAs, 1100 sq. ft. of living space, master suite with whirlpool tub in bath. Vaulted ceilings add to the feeling of spaciousness; wonderful views of the lake and wildlife habitat. Garage is accessed off paved Peninsula Dr. and there is additional parking on Brandy Drive. Share 188 ft. of lakefront with 8 other owners. Awesome garages; 2+car is insulated, heated and drywall finished, pull thru garage is 2 cars deep with doors at both ends for total space of 4+ cars. See photos on www. mikesellscadillac.com

LARGE CITY LOT

OVER 55 ACRES OF EXCELLENT HUNTING

OVER 32 ACRES

SHARED ROSE LAKE ACCESS

M-21110652 $99,000 3 BDs, 1 1/2 BAs, 1794 sq. ft. of old on a large fenced lot. Wrap around porch, dormers, porthole window & stylish exterior finishing. Large entry foyer, hardwood floors, spacious room size, high ceilings. Dining room opens to oudoor deck; family room has built-in bookcase & fireplace. Kitchen offers ceramic tile floor & breakfast nook. All bedrooms upstairs with full bath & hardwood floors. Large garage has partially finished rec room above car stalls. See photos on www.mikesellscadillac.com

M-21106892 $80,000 Just enough wetlands to attract wildlife. Owner already has tree stands and blinds on the property. Located on the Wexford/Osceola County line; check the DNR whitetail deer herd count maps for this area -- amazing numbers! Beautiful countryside views. Also great for a horse ranch, gentlemans farm or estate home site. Do not overlook this special piece of ground. See photos on www.mikesellscadillac.com

M-21103453 $68,500 32 wooded acres that offer proven hunting and trapping opportunity. Owner has successfully bagged trophy size whitetail bucks. One acre food plot and small watering hole in NW corner that attracts critters. Theres an old apple orchard, some pasture & a stand of hardwoods, too! The Middlebranch River runs through the property from the north to the south. See photos on www.mikesellscadillac.com

M-21110834 $63,900 3 BDs, 2 BAs, 1530 sq. ft. modular home in likenew condition. Master suite with walk-in closet; large bathroom w/soaking tub room, commode & shower stall in their own space. Attractive kitchen offers ample cabinetry & countertop, breakfast bar and newer appliances. Dining area has sliding glass to the 32x20 backyard deck. 32x24 pole building garage w/overhead garage door and standard passage door. Covered front porch, attractive walkways, patio area & landscaping. Rose Lake Forest owners share lakefront access park & commons areas. See photos on mikesellscadilla.com

13 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

Whats In A Neighborhood?

Everything.

By Sam Erickson Whats the most important thing when buying a house? Some say price. Some say location. Some say the home itself. There is an argument to be made, however, that the most important thing is actually the neighborhood. Not every community is right for every person, so youll want to carefully consider what you want in your neighborhood. Do you want easy access to local restaurants, bars and shops? Or, do you want to live in an area with larger homes where people take care of their yards and spend the weekends gardening? These arent your only two options, but youll want to carefully consider your needs and desires before scouting potential neighborhoods. When you have some neighborhoods in mind, be sure to visit several times at different times of the day. In the mornings and evenings, you can observe traffic patterns and see how easy it is to get around. During the day, particularly on weekends, you can see if people are out and about, taking care of their homes, or if they are holed up inside. You might discover that the home you thought was quiet is near a racetrack and youll be dealing with noise every weekend in the summer. You cant find out this information from just one visit, and its worth your time to investigate. If you have children, of course, youll want to consider the quality of the local schools and the general safety of the neighborhoods. You should also consider access to local parks, community centers or other activities for kids. Talking to local business owners about the neighborhood is a great idea. They can give you a perspective that you cant get from local homeowners, potentially alerting you to changes in the commercial structure of the neighborhood, a new big-box store coming in, problems with vacant businesses or a thriving retail district.

Be sure to check out the public services that are offered. With public revenues declining, many municipalities are cutting back on important public services like police, libraries and parks. Check the public space to see if they have had to cut back recently and check the paper for recent news and any information about whats happening that could affect the local economy. Local crime statistics are often available on the Web, and you can check to see what general trends are in your chosen neighborhood. If you are not buying your retirement home, you might want to think about the resale value of the home and how that relates to the surrounding neighborhood. Neighborhoods that have been resilient in tough times and not ballooned in boom times are more likely to hold their value. You can also think about maintaining access to the best of all worlds - a little privacy, a little community spirit, a little retail - in order to cast your resale net as wide as possible. There are a lot of things that you cant tell about neighborhood until you are out in it, and the last thing you want is to find out that youve just signed your name to a 30-year mortgage in a neighborhood you just cant stand. Home buying is too intensive to make that kind of mistake.

14 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

jim@premierofcadillac.com Jim Meier

MANY UPDATES NICELY REMODELED & UPDATED

231-884-1386

775-7980
VACANT/COMMERCIAL

LAKE MITCHELL

5 acres near Long Lake $9,900

21108661 New Lower Price $46,000 3 bedroom, 1 bath, older farm house located between Tustin and LeRoy. Many updates in recent years include siding, metal roof, chimney, water heater, insulation, windows. Main floor laundry, storage shed and 1.61 acres. 21109314 $63,900 Move-in ready 2 bedroom home that is conveniently located close to schools and shopping. This is one of the nicest homes in the neighborhood. Nicely remodeled and updated. New 95% furnace (2013) and newer electric service box. Large kitchen, dining room, main floor laundry, with large wood deck and storage shed.

21105419 $84,900 Affordable 2 bedroom getaway cottage on Lake Mitchell canal that leads to the big waters. Close to National Forest on Big Cove. Convenient to Caberfae Ski Resort and snowmobile trails in National Forest. Includes dock.

Home building lots: $10,000 to $35,000 5 acres - Mesick $12,000 2 1/2 acres adjoins Federal Forest $14,900 10 acres - South Boardman $14,900 27.5 acres north of Cadillac $27,500 19 Acres - Tustin $28,000 32 mixed acres - Wellston $49,900 Commercial behind Herraduras $60,000 10 acres City of Cadillac $60,000 21 wooded acres adjoining Federal Forest $69,900 Lot for medical office $99,900 75 acres - Osceola County $165,000
GREAT BUSINESS OPPORTUNITY

LAKE MISSAUKEE

NORTH SHORE CONDO

SECLUDED RANCH HOME

21108806 $100,000 4 bedroom house sits just short distance from sandy bottom of Lake Missaukee. Road end access to enjoy fishing, boating, swimming and other water and winter activities. 1-1/2 bathrooms, full basement, garage, large deck off dining room through slider, 1 owner house, oversized backyard.

Condo Living $149,900 Rest, relax and enjoy the water! Condo living - no yard work. Situated on 9 acres. North Shore Condos feature 660 ft. of Lake Cadillac waterfront, private swimming area and boat docks. 2 BD, 2 BA, 1-1/2 story condo with A/C, 2 car attached garage.

2080 S. 37 Rd., Cadillac $189,900 You will love the setting of this secluded newer site built ranch home. Close to shopping in Cadillacs north end. Vaulted ceiling in living and dining room. Great room style living room, dining room and kitchen. Master suite includes shower and jetted tub. Main floor laundry. Family room and 4th bedroom in finished walkout basement. Outdoor wood boiler, pole building.

BED AND BREAKFAST?

POND & CREEK ATTRACT WILDLIFE

HARMONY HILLS SUBDIVISION

21108697 $217,000 Bed and Breakfast? Adult foster care? Wrap around porch welcomes you as you drive up to this spacious 8 bedroom home. Huge kitchen, 5 acres. Master suite includes dressing room and 3/4 bath. Remodeling by professional builder nearly complete. New furnace and water heater and shingles.

11423 220th, Ashton $219,000 20 acres of privacy and beautiful landscaped grounds are the setting for this 4 bedroom, 4 bath home. A pond and creek to attract wildlife. Fireplace with pellet stove insert in the formal living room. Family room in the finished walkout basement. Large greenhouse, pole building located close to Cadillac and Reed City.

21104954 $239,900 Beautiful custom built cedar log home in prestigious Harmony Hills Subdivision. Enjoy spectacular views of the countryside from this 4 bedrooms, 2-1/2 bath home. Large wrap around deck, fieldstone fireplace, A/C, 2 car attached, 3000 sq. ft., finished basement, master suite.

GOLF COURSE

SECLUDED, 75 ACRES

117 FT. SANDY LAKEFRONT

20902062 $239,900 Beautiful 4 bedroom cedar home on Briar South Golf Course. 2 decks with walkout sliders are ideal for entertaining. Fireplace in the living room. Finished basement, office/den, large family room with 2nd fireplace, 2 car attached garage.

7070 N. Pioneer (M-66) $324,900 Blacktop driveway, secluded on wooded 75 acre parcel. Gorgeous kitchen, dining room combination w/hardwood flooring. Pellet stove & cathedral ceilings in the living room. Master suite plus two additional bedrooms on main floor. Walkout partially finished basement has an office that could be converted into a 4th bedroom.

1900 Schneider, Lake City $349,900 Beautiful 4 bedroom lakefront home with 117 ft. sandy beach on Sapphire Lake. See through fireplace between main floor family room & dining room, Large kitchen, huge master suite, main floor laundry and full finished walkout with wet bar, sauna room, billiards room.

21107373 $524,900 Formerly the Bear Claw Bar & Grille - features a formal dining area, sports bar area and an entertainment area with a performance stage. Liquor license, owners apartment, 24 acres, 2 fenced softball diamonds, restaurant furniture, glassware, china and kitchen equipment included.

15 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013

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16 CADILLAC NEWS REAL ESTATE GUIDE OCTOBER 2013