Here we are – back to school time! My son goes to a year-round school so he actually started a couple of weeks ago, but everyone else is gearing up to start in a couple of weeks. A question that I often get asked is: what’s the best school? My response is: the one that is the best fit for your child. There are large schools and smaller schools, urban, suburban and rural, some emphasis reading and some math. Some emphasize sports and some academics. Some of these factors are not easy to quantify. So, we tend to look at proficiency test scores to evaluate a school system, because that is easy to quantify. That is the information that I am providing below, but please understand that this is just one aspect of what goes into a child’s education. To truly get to know a district more research is necessary.

The chart below for the top area high schools within 20 miles of Grand Rapids. Some people are surprised to find out that the high school with the very highest scores is one the Grand Rapids Public Schools – City Middle and High School. I just wanted to point that out as a GRPS parent.

This information is from www.schoolmatters.com which has further information about the school districts and evaluates schools nationwide. It’s an interesting resource if you’re interested.

Below is a summary of the top scoring schools in the area:

Please contact me if you have any further questions about the Grand Rapids area.

{ 0 comments }

I have heard so many stories. Some real heart breakers. Almost no one was just irresponsible with their money and put their housing on the line, most people just had some bad luck that in the past would mean selling their home and renting until they got back on their feet or buying something smaller. When housing prices go down and the equity position isn’t there to sell it makes things a little harder.

If foreclosure is an issue you may be dealing with, here’s some options for you:

1) Reinstatement – if the reason you missed payments is temporary and since then you’ve gotten back on your feet then this may be a good option. Basically, repay your back payments, late charges and associated fees and then you’ll be reinstated to where you were before. Often I have people tell me that they can keep up with their payments, it’s just digging out of the hole they are unable to do. Sometimes you can borrow from friends or family to make this happen.

2) Forbearance/Repayment plan – Again, if the reason for missed payments is temporary, this may be a good option. You can ask the lender to break up the amount that you are behind to be tacked on to your payments for the next 12 months so that you don’t have to come up with a large amount up front. Be careful to make all 12 payments perfectly or you’re right back where you started.

3) Loan modification – This has some similarities to the repayment plan in that the lender works with the homeowner on their back amount due. A loan modification is different, however, in that the terms can vary. Sometimes the lender will lower the interest rate to make the payment more affordable, sometimes they will forgive some of the debt so that they aren’t underwater and can keep current on payments. Usually the lender gives the home owner a trial period where payments need to be made perfectly. When it works, this is fantastic for the homeowner. The application process can be long and frustrating, so be prepared for this.

4) Sell the property – if there is equity in the property then selling it will cure the foreclosure and hopefully put some money in the pocket of the seller. If there is no equity then the homeowner would need to do a “short sale”. This is a much more involved process because you have to request from the bank for them to release the lien on your home for less than the full amount owed. Banks are doing this all the time as they do not want your home. Their business is lending money, not owning real estate. The trick with this is that you have to show financial need, if you have assets to pay the short amount they will probably pursue you for it.

5) Deed-in-lieu of Foreclosure – sometimes called “friendly foreclosure” where the homeowner signs over the deed to the home, rather than having it taken from them forcibly. Sometimes this is called “cash for keys” because the bank will sometimes pay the homeowner to leave the home in good condition.

6) Bankruptcy – this is not a good option if you want to sell the home as it is almost impossible to sell a home involved in a bankruptcy, however, it does stall a foreclosure.

It can be very confusing to figure out which is the best option in your situation. You should consult an educated real estate agent, an attorney, and your bank to find out all of your options and which is the best for your situation.

{ 0 comments }

Half way through 2010 – how are we doing?

July 1, 2010

For 2010 so far the average sales price in the greater Grand Rapids area was $112,887, which was up 14% from the average at this time last year of $99,067.
This is great, right? Does this mean the value of my home went up 14%? If you want to skip all the detail numbers, [...]

Read the full article →

Going on vacation without kids? Leave a power of attorney (Guest blog)

June 18, 2010

A concern that people often have when they are planning a vacation or a business trip is will someone be able to handle issues that may arise at home while they are gone, especially if someone else is caring for their children while they are away. This concern can be alleviated with a simple [...]

Read the full article →

iPad for business

June 13, 2010

I admit it. I’m one of those people that tends to buy all things Apple. I got an iPhone on the first day it came out. Between my husband and I we own 5 Macs. When the iPad came out I wasn’t sure what to think of it. It looked [...]

Read the full article →

Should we start with a higher price just to try it?

June 9, 2010

When listing a home for sale, there are various components that go along with successfully selling the home, but the one that trumps them all is pricing. But, how do you know what the right price is?
When I am doing research on a home to determine what the right list [...]

Read the full article →

Now that the homebuyer credit is over…..

May 4, 2010

For the time period of January 1, 2009 through April 30, 2010 the government has been offering an $8,000 refundable tax credit to those who purchase a home for the first time (or at least recently) and then December 1, 2009 that credit was expanded to include a $6,500 credit to repeat homebuyers. So, [...]

Read the full article →

You say tomato, I say tomato

March 8, 2010

Sometimes the hardest thing about my job is that it’s only maybe 25% knowing about houses, and the remaining 75% knowing about people. Often I’m working with two people who know each other well and have many common goals but still each have their own likes and dislikes. What do you [...]

Read the full article →

“I want to buy one of those foreclosures”

February 26, 2010

When I meet with a buyer for the first time, ideally I like to have them come into my office so that we can talk about what the process and what they want in the home. It is not unusual for me to hear “I want to buy one of those foreclosures” [...]

Read the full article →

Don’t buy this house!

February 17, 2010

Some of my blog posts are meant to inform, this is just something that I saw that was so bad it almost became funny. We pulled up to the house and saw this:

Sometimes it’s hard to show what’s going on in a photo so let me describe it. Look to the upper left [...]

Read the full article →