Have you ever read a description of a listing and been super excited to see the house only to find out that what you read was outrageously misrepresented?

It happens all the time and I’m sure I’ve been guilty of exaggerating a time or two.  Here is a great list of real estate jargon defined courtesy of Bigger Pockets.

Have you experienced any AdSpeak not on this list?



This is a week by week comparison of the number of homes listed and sold in the entire Greater Lansing area from 2/25/07 to 4/28/07.

You can see that listings are outpacing sales by double and sometimes triple each week.  The data represented here was gathered from the Greater Lansing Association of Realtors MLS and is deemed reliable but not guaranteed.

This post was inspired by Teresa Boardman’s post in her St. Paul Real Estate Blog.

990 Marshall St. – Portland, MI 48875

Price: $199,900990-marshall.jpg
Beds: 3
Baths: 2.5
Year Built: 1995
Square Feet: 1,744
MLS#: 154282

This welcoming two-story home offers comfortable living in the “Cool City” of Portland.  This spacious 3 Bedroom, 2½ Bathroom home has been well-maintained and tastefully finished.  When you enter through the front door you are greeted by a bright and open floor plan featuring a neutral color pallet.  The living room is located on your right and is roomy enough to accommodate even the largest furniture.  The living room is highlighted by an abundance of Andersen windows that let in floods of sunlight.  Continue through the first floor and you’ll find a kitchen that is nothing short of a cook’s dream.  Plentiful counter space, high-end cabinets, ceramic floors and stainless steel appliances all add to the stylish appeal of the home.  Near the kitchen you will notice patio doors leading outside to a deck perfect for entertaining.  The dining room and a ½ bathroom round out the first floor.  Up the stairs you will find a fresh guest bathroom and two good sized bedrooms.  At last you’ll find yourself in the master suite which is both spacious and private.  The bedroom is huge and features custom windows and multiple closets.  Inside the master bathroom you’ll find double vanities with custom cabinetry and you’ll also notice striking tile work framing a luxurious spa tub.  This suite is a true retreat.  Don’t forget to take note of the 3+ car garage and the charming landscaping.  Close to freeway access and in a quiet neighborhood this home is move-in ready and waiting for you.

For more details and a visual tour of this property click here.

I’m sure you know all about the importance of first impressions.  People agonize about making great first impressions on dates and at job interviews, but when it comes to selling a house tons of people neglect the details that could make the best first impression. 

Sellers that neglect their home’s curb appeal miss the best opportunity to impress potential buyers.

I met with a potential seller yesterday who has a solid home in a popular neighborhood.  The problem – his home needed an exterior paint job about a decade ago and it’s still waiting.  This seller is a bit of a cheap skate and that’s okay, I can respect being frugal.  Unfortunately I know that not springing for a $3,000 paint job is going to cost him tons of potential buyers and a quick sale.  Nobody is going to get past the front door.  It won’t matter that the house has been meticulously maintained and updated on the inside.

If you’re thinking about listing your home this summer, now is the time to make sure your home has as much curb appeal as possible.  If you’re like the aforementioned seller and you want to save a few dimes consider doing the work yourself.  Lowe’s is offering seminars in April and May that will teach everything you need to know about painting your home yourself and landscaping your own yard. 

Neglecting your curb appeal is not an option in this market.    

GLHCThe Greater Lansing Housing Coalition (GLHC) is an organization that I am proud to support.  The GLHC is a private, non-profit community development corporation.  The organization has been revitalizing Lansing area neighborhoods since 1989.  By rehabilitating existing homes and constructing new homes in at risk neighborhoods the GLHC is able to provide affordable housing to buyers who might not otherwise be able to become homeowners. 

The GLHC has several homes available for purchase and several others in the process of being renovated.

Find out how you can help the GLHC on the organization’s website.

If you think you qualify to purchase a home renovated by the GLHC check out the 2007 Program Guidelines.

Inspired by Maureen Francis’ post, “Metro Detroit’s Most Expensive Home,” I have decided to bring you “Greater Lansing’s Most Expensive Home.”  Only about 60 miles separate the most expensive homes currently listed in Metro Detroit and in Greater Lansing, but they are separated in asking price by $11,750,000.

Living in the Lansing area is cheap!  You can have the nicest home listed in town for only $2,750,000.

What can you expect for $2,750,000 in Greater Lansing?

  • 20 Riverfront Acres
  • A Hand Carved Fireplace Imported from China
  • A 2-level Library with Hand Carved Oak Doors, Oak Paneling, a Suspended Spiral Staircase, 18 ft. Ceilings & Antique Tiger Oak Fireplace
  • A 10+ Car Garage
  • Professionally Landscaped Grounds
  • 8,500 Square Feet
  • 4 Bedrooms, 4 Full Baths & 4 Half Baths and much, much more…

Not too shabby!

Of course as Maureen points out in her post there are expenses associated with owning an estate.

  • The property taxes will cost you $47,707 a year.
  • The monthly mortgage payments, assuming only 10% down and a 6% interest rate come to $6,937.23 – Yes, that is monthly.  This is not even including taxes and insurance.

You can see a virtual tour of this property here.

Just goes to show you that 60 miles can be a world away.  Location, location, location…