Southwest Michigan Realtor Blog

By Michael Delaware, REALTOR®

Land Contract Homes: The Top 10 Mistakes Home Buyers Make… And How to Avoid Them!

Land contracts homes are a popular option for home buyers who are in a situation where they will have to wait to Land Contract Homes: The Top 10 Mistakes Home Buyers Make... And How to Avoid Them!purchase a home due to a challenged credit situation.  On January 18th of this month I released a new book entitled: Land Contract Homes: The Top 10 Mistakes Home Buyers Make… And How to Avoid Them!‘ in an effort to answer questions I frequently receive concerning land contracts.

Over the years I have written many blogs on real estate in Michigan, and Land Contract Homes continue to be a popular topic of inquiry.  In 2012 I wrote and released two books on this subject, one entitled: ‘Understanding Land Contract Homes: In Pursuit of the American Dream and the other one ‘Land Contract Homes for Investors’.

Both of these books have been popular with those interested in learning about the subject.  However, after two years I discovered that there were still questions that people had.  Some were still getting into trouble with land contract arrangements and therefore I decided to write a book specifically addressing the most common mistakes.  Thus this new book is now made available in both paperback and print.

This new book covers the subject of seller financing of residential real estate, and addresses the top ten mistakes home buyers make when choosing this method of acquiring a home. The reader will learn what a land contract is, how it is structured and what are the essential legal problems to be aware of and avoid.

The book will help the reader identify quickly the key areas that can create trouble for the home buyer with the landClick here to see all of Michael Delaware's available books contract, and construct an agreement mutually beneficial to both parties to avoid these problems. Understanding these common areas of difficulty makes it simple and easy to avoid. Neglecting any of them can make for a painful and expensive lesson after the fact.

Land Contracts are a popular form of seller financing. They offer a home buyer a means to purchase a home on an immediate basis, while they prepare for refinancing the home at a later date. This book will serve to educate the reader on how they work, as well as give them the knowledge they need to create the best possible future for themselves as a home owner.

If you would like to order a copy in paperback, you can click here to get a copy.  If you would prefer to read this book in an eBook format, I have a Kindle version available here.

Medium Home Values Up Across Southwest Michigan in 2013

Now that we have closed out another year, it is always a good idea to look at the final market numbers on the year.  In comparing the medium home value in Calhoun County in 2012 ($79,948) to the medium home value in 2013 ($95,123) we see that there was approximately a 16% increase.  This information was taken from the Southwest Regional Information Center Multiple Listing Service (MLS) in review of all sales in Calhoun County.

Medium home sale values are on the increase in Southwest Michigan.

Medium home sale values are on the increase in Southwest Michigan.

In Branch County as a comparison there was a 14% improvement over the same time, however in St. Joseph County there was just a 1.5%.  In Hillsdale County there was an increase of 12% in medium home values, and in Kalamazoo County there was an 8% increase. So in most of major markets in the Southwest Michigan area there was a positive home sales value increase from 2012 to 2013.

This kind of improvement opens the door for greater values from home sales for sellers, and should create a greater urgency with home buyers in 2014 to take advantage of the improving market with low interest rates.

New Book on Home Ownership Released in Print in Time for a New Year

Going Home...Renting to Home Ownership in 10 Easy StepsIn 2013 I released an eBook to help prospective home buyers with navigating from renting to home ownership.  In December I finally was able to release ‘Going Home… Renting to Home Ownership in 10 Easy Steps‘ in paperback as well.

This book helps someone who has no idea how to buy a home and where to start to qualify for a mortgage.  It takes them through the steps to change from renting to home ownership.  It even addresses how to find professionals to work with and how to overcome credit problems if they exist.  It is designed in a simple easy to follow format intended to guide the reader through the entire process and make it easy.

This book is available in all major book distributors, and also as an eBook.  So in 2014 if your plans include to become a home owner, you might consider availing yourself of my book on the subject.  Happy New Year!

Christmas Winter Beauty in 2013

The season if upon us.  Christmas is here.  Yesterday I ventured up to Hastings and then Middleville, Michigan to enjoy some time with photography.  The winter mix over the last few days in the Southwest Michigan area of the state has been combined with ice storms, snow and as part of Christmas Eve, bright blue skies.  The combination and stage set over the last few days was just right for some beautiful winter photography.  Here are a few photos I took on Christmas Eve 2013:



Land Contract Books Available in Print

Order your copies todayIn December 2012 I released two eBooks on the subject of Land Contract homes.  I am happy to announce that last month I was able to finally make these books available in print.  Both books take of the subject of land contract homes from different directions.  The first book ‘Understanding Land Contract Homes: In Pursuit of the American Dream‘ covers the subject as an overall study of the basics.  ‘Land Contract Homes for Investors‘ takes up the subject from an investors perspective.

The books are available now through Amazon.  If you would like to order copies, go to my author page here.

Finally in Paperback: Understanding Land Contract Homes

Understanding Land Contract HomesThe popular eBook I released in December 2012 entitled ‘Understanding Land Contract Homes: In Pursuit of the American Dream‘ is now available in print.  You can get your copy by clicking here.

Land Contract homes are a popular subject with a lot of new first time home buyers because on the surface seller financing appears to be an easier way to go than conventional lending.  However, there is much to know about this firm of seller financing, and it is not an arrangement to enter into blindly.  The book ‘Understanding Land Contract Homes: In Pursuit of the American Dream’ touches many aspects of this form of seller financing to help guide a buyer or seller through the process and discover if it is the right choice for their situation.

Prior to now, this book was only available as an eBook.  It is now available in paperback for $14.95.  Get your copy today!