December 2014

Found 95 blog entries for December 2014.


At its mid-December meeting, the Federal Reserve Board announced it would exert "patience" when deciding on raising interest rates. Chair Janet Yellen implied it would be early April before the board would again meet to discuss an increase in interest rates, which means that the first quarter of 2015 could mean the end of historically low interest rates. So, the window is beginning to close for refinancing.  This is very critical for homeowners who have an adjustable-rate mortgage.  Buyers who have been taking their time should consider how rising interest rates could impact their monthly payments and purchasing power.  

People looking to buy their first home that are having trouble coming up with a down payment, there are new programs to

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    828 Connecticut Ave, Royal Oak MI 48067


Beautiful home with superior quality construction and finishes, built in 2013. This place is MOVE IN READY!  Open floor plan from foyer to kitchen to living area.  The custom kitchen with granite counters, stainless steel appliances and bright white cabinets also includes a breakfast bar overhang accented with pendant lighting.


First floor has a bedroom or could be used as an office and the upstairs is a loft that can be converted into a 4th bedroom.  The master suite is very spacious with him and her walk-in closets. Also the laundry is  conveniently located on the second floor.

The spacious basement has 8 foot ceilings and is ready to be finished for an additional 700 square feet

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970 Hickory Heights Dr., Bloomfield Hills, MI

3 bedroom, 2 bathroom, 1,998 sqft

Looking for easy maintenance?  This sprawling brick ranch is located within Birmingham Schools and has had all the major mechanics updated This house is absolutely move in ready. Walk into an open entryway and you instantly feel at home.  Entertain in the open formal dining room or snuggle near the natural fireplace adorned with charming built-in book shelves situated in the bright and oversized living room. This room has a large picture window that brings brightens up the room to make it feel even more cozy.


The family room opens to a large deck and is perfect to use for a home office.


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35125 Terrybrook Drive, Sterling Heights

With neutral paint tones throughout, this completely and fully furnished 2 - bedroom, 1 bathroom, first floor condo with private entry is available today.  No expense was spared on the updates completed in 2013.  You can easily enjoy entertaining with the open floor plan concept and lovely travertine tile throughout entire first floor, making clean up a breeze.  With ample amount of light provided from the recessed lighting.    

New kitchen cabinetry, granite counters and all high end stainless steel appliances included in the sale make this kitchen perfect for someone who enjoys cooking. Well-appointed finishes surround the completely updated bathroom including travertine tile in

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4241 Portland Court, West Bloomfield

This stunning 5-bedroom, 2.5 bathroom colonial is settled on just under a half acre and nestled within New England Estates subdivision on a quiet and peaceful cul-de-sac. The home features an open, airy kitchen with a garden window to grow herbs, or flourishing flowers. The kitchen is spectacular with granite counter tops, new cabinetry and a mobile island.

This house also has a gorgeous living room, that opens up into the dining room, and an oversized, family room with built ins. The laundry room is on the first floor, and has ample storage space. This house has also been freshly painted, has a newer garage door, water heater, roof and newly resurfaced circular drive with plenty of parking for guests.

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6288 Strawberry Lane, Independence Township


Be ready to be captivated the moment you step foot into this fully modernized raised ranch. Front and rear entries are adorned with granite staircases and a beautiful oversized upper rear patio overlooking 3 acres.

Boasting Restoration Hardware lighting and stunning refinished hardwood floors through entire first floor. The generous great room offers a coffered ceiling creating an elegant atmosphere and opens into a truly spectacular gourmet kitchen. Accented by exquisite quartz counters and backsplash, farm style sink, opulent cabinetry, a very impressive 48 inch executive range and stainless steel appliances.This home is made for entertaining.


 The master

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Be Prepared

As all realtors know, things do not always run smoothly as closing day approaches. Real Estate transactions are obviously a big decision, and buyers/sellers often become quite fickle as closing becomes more of a reality. Deals often become more complicated, and even fall through last minute, making your job even harder! Lang Premier Properties understands this, and has found these three tips that will make your next closing go as smoothly as possible.

1) Develop an Offer Analysis Plan

Laying out the major offer evaluation points in advance can help you get ahead when closings start to become a reality. Remember, the highest price is not always the best price. Always explain why and how you will analyze:

  • Inspection

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Economy Bouncing Back

As the housing market has improved, the size of an average new single-family home has begun to expand. Statistics from the Census the Quarterly Starts and Completions by Purpose and Design survey, have found the size of a typical new single-family home rose in the third quarter of 2013.  The average single–family home square footage increased from 2,646 to 2,701, while the median only rose from 2,446 to 2,491. 

Every year, the Census Bureau creates data set on new single-family homes, which includes findings that although the size of new homes declined during the last downturn in the economy, that trend reversed itself after 2009. Since 2009, the median size of new homes started

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If you didn't buy a home in 2013, you may be paying for it now. Home prices climbed nationally around 13.6% in the past year. Throughout, 2014 market forecasters are predicting that this will be another year of gains for the real estate market, even though the rapid pace of sales in 2013 went down a little at the end of the year.

So if you are planning to purchase a home in the near future, sooner is better than later. Mortgage rates are still low, and housing prices have just gradually started to rise. Mortgage rates and housing prices are both predicted to go up throughout the year. Why not save now, instead of spend more later?

Regulations created by the Consumer Financial Protection Bureau will change how a qualified mortgage for any loan

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First-time home buyers have never gone through the stressful experience of buying a home, and often learn the hard way that making a careless decision during this process is costly and stressful. Sometimes it leads to a failed deal. First finding the right agent, then finding the house, getting approved for a mortgage and trying to stay within a budget are some of the very stressful challenges first time buyers have to deal with before becoming actual homeowners.

Knowledge is one of the most important tools you will need. The more you know, the easier the process will be for you. Here at Lang Premier Properties, you can be rest assured you are in good hands! Lang Premier Properties specializes in all real estate transactions, and truly enjoys

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