Category Archives: News

Select Realty Debuts 3D Showcase

SO EXCITED TO DEBUT OUR NEW 3D EXPERIENCE!!!

Click here to view tour:
https://my.matterport.com/show/?m=yAT287FHk5p

Brought to You by Select Realty!!!

The Ultimate Experience!!!

Anytime, Anywhere!!!

A 3D Showcase™ is an online experience that lets home buyers move through a property and see it from any angle. Experience a unique vantage point with a “dollhouse” view or a flat floor plan!

Since Select Realty was founded in 1987 we have stayed on the cutting edge and have brought the best that technology had to offer to our sellers and buyers real estate experience. We were the first Marquette area real estate company to have an IDX integrated website in 1997 and now we are the first real estate office in the U.P. to bring you 3D tours!

Sellers: This is the very best in technology to showcase your home! Thousands of potential buyers can walk through your home without you having to prep your house for a live showing! Imagine the advantage your home will have over other listings!

Buyers: Take a tour through current homes for sale from the comfort of your easy chair! Get the feel for the layout and view an actual floorplan!!

30140 Co Rd 581, Ishpeming, MI 49849

Priced under 2012 appraisal of $113,000! Neat as a pin!!! This is such a great starter home! 3 bed, 1 bath home is nestled on over half acre with well-maintained fenced in back yard that boasts perennials, lots of mature trees and fire pit for summer gatherings around the fire. The detached two car garage offers a covered entrance to the home and a large sunroom addition on the back with windows all around. This addition adds 174 square feet of living space that’s not included in the 1551 square footage. The two car garage is heated, large and bright with more than enough room for toys or workshop at back of garage. Inside there is a convenient main floor laundry/mudroom, a cute eat-in kitchen, a nice large living room in tongue and groove and hall to bath and three bedrooms. Third bedroom would make great office or guest room. On the lower level there is a huge finished family room with bar to entertain friends and family and more than enough room for pool table and large screen tv for the big game. All of this with the feel of the country and the neighborhood store is so close and convenient. No more trips to the grocery for one forgotten item. What a great starter home at a great price!

301 N Fourth, Marquette, MI 49855

Opportunity is knocking! Great rental history! Well cared for! Off street parking – 6 spaces! This 6 unit investment property sits on the corner of Ridge and Fourth, a great location! The building includes 6 apartments each between 500 and 720 sq ft. There are three 1 bedroom units and three studio apartments. Each apartment has its own character and charm. Gross monthly rents @ current 100% occupancy $2665. The property is priced to sell at 209,900 with the SEV being $109,700! Current leases in place. Client provided expenses …Utilities for 2013 was 3470.36. Insurance through State Farm was 2087.00 for 2013.

574 W State Highway M35, Gwinn, MI 49841

Year round home or camp, either way this spot is just beautiful! This 3 bed, 3 bath log home was built in 1994 on 10.7 acres with 750 feet of Escanaba River frontage! From the moment you come around the bend on the driveway you are welcomed by this home’s extraordinary Northern appeal. Perennial gardens surround the home, patio, and fenced in side yard. The full length front porch, Cedar, Balsam, and Spruce logs, and metal roof are the stuff of log home magazines. Very private setting is abundant with wildlife and is only minutes from town. As you step inside you are greeted by the open kitchen, dining and living area with its cathedral ceilings and a massive whole stone two story fireplace. The room is bright with two sky lights and light kitchen cabinetry. Windows along the back of home and enclosed porch offer beautiful views of the dramatic ridge and river. Open the windows and listen to the babbling river from the comfort of your easy chair. The master bedroom with its own dedicated bath is just off the main living area and is large and warm with its exposed log walls. Up the beautifully crafted whole log staircase there is a loft area with reading nook that is currently being used as office. The second bedroom is huge and offers its own balcony overlooking side yard. The walkout lower level boasts space for rec area, finished third bedroom and .75 bath with laundry area. The Escanaba River is a 52.2-mile-long river that has been written about by Henry Wadsworth Longfellow and John D. Volker writing as Robert Traver in Trout Madness and supports brook, brown and some rainbow trout throughout. There is propane heat, but it is supplemented by an outdoor wood boiler, the wood burning fireplace, and a wood burning stove on the lower level. Natural gas and city water are available at the street. The cable and electric were buried underground so no telephone poles or electric wires impede the beautiful views. This home is a unique find! Amazing memories are waiting to be made here, whether it’s picking raspberries, fishing on the river, playing with kids or pets in the fenced in side yard, or entertaining friends and family on the side patio! Schedule your showing today! There are an adjoining 12.10 acres that are currently listed for sale MLS#1079729. Purchase both and own over 22 acres!

15838 US41 W, Champion, MI 49814-9565

This nicely updated home boasts 5 beds, 2 baths, and sits on 11.75 acres that are just 10 miles West of NICE community schools and convenient to Marquette, Negaunee and Ishpeming to the East, Baraga and Houghton to West and Iron Mountain to the South. Home sits well back from highway, feeling private. Updates include brand new metal roof August of 2014, new carpet, fresh paint, updated kitchen, new oven/stove and dishwasher, and new wood stove as supplemental heat. There is plenty of space to tinker with attached garage and workshop/barn with electricity run to it is just behind home. The interior has been well maintained and is clean and bright. Main level offers convenient main floor laundry/mud room just inside from garage. Large kitchen is open to dining room with plenty of cabinet space and breakfast bar. Sliding glass doors from dining to back deck, perfect for bbq or relaxing at end of day. Living room is roomy with lots of natural light from large bay windows and convenient built in shelves and cabinetry. Three bedrooms on main floor include master bedroom with dedicated bath. The lower level has 600 sq ft of finished living space including two bedrooms with egress windows and nice sized family room/rec area. This home offers the outdoor enthusiast plenty of acreage to roam, and access to snowmobile/ATV trails. The township hall (with basketball courts) and Van Riper State park (with swimming, boating and fishing) are both less than five minutes away. Convenience store on the corner means no more last minute trips to grocery for that missing ingredient. What more could you ask for!!! Schedule your showing today!

Sept. 11, 2014 4 Tips to Determine How Much Mortgage You Can Afford

This is a great new article From BuyAndSell.HouseLogic.com

By: G. M. Filisko

Published: August 20, 2014

By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget.

 

Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.

 

Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t consider your current and future financial and personal goals.

 

Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative plan to eventually live with you and contribute to the mortgage?

 

Consider those lifestyle issues as you check out these four methods for estimating the amount of mortgage you can afford.

Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.

 

Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t consider your current and future financial and personal goals.

 

Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative plan to eventually live with you and contribute to the mortgage?

 

Consider those lifestyle issues as you check out these four methods for estimating the amount of mortgage you can afford.

1. Prepare a Detailed Budget

 

The oldest rule of thumb says you can typically afford a home priced two to three times your gross income. So, if you earn $100,000, you can typically afford a home between $200,000 and $300,000.

 

But that’s not the best method because it doesn’t take into account your monthly expenses and debts. Those costs greatly influence how much you can afford. Let’s say you earn $100,000 a year but have $1,000 in monthly payments for student debt, car loans, and credit card minimum payments. You don’t have as much money to pay your mortgage as someone earning the same income with no debts.

 

Better option: Prepare a family budget that tallies your ongoing monthly bills for everything — credit cards, car and student loans, lunch at work, day care, date night, vacations, and savings.

 

See what’s left over to spend on homeownership costs, like your mortgage, property taxes, insurance, maintenance (http://www.houselogic.com/home-advice/maintenance-repair/home-maintenance-schedule/), utilities, and community association fees, if applicable.

 

2. Factor in Your Downpayment

 

How much money do you have for a downpayment? The higher your downpayment, the lower your monthly payments will be. If you put down at least 20% of the home’s cost, you may not have to get private mortgage insurance (http://www.houselogic.com/home-topics/private-mortgage-insurance/), which protects the lender if you default and costs hundreds each month. That leaves more money for your mortgage payment.

 

The lower your downpayment, the higher the loan amount you’ll need to qualify for and the higher your monthly mortgage payment.

 

But, if interest rates and/or home prices are rising and you wait to buy until you accumulate a bigger downpayment, you may end up paying more for your home.

 

3. Consider Your Overall Debt

 

Lenders generally follow the 43% rule. Your monthly mortgage payments covering your home loan principal, interest, taxes and insurance, plus all your other bills, like car loans, utilities, and credit cards, shouldn’t exceed 43% of your gross annual income.

 

Here’s an example of how the 43% calculation works for a homebuyer making $100,000 a year before taxes:

 

1. Your gross annual income is $100,000.

 

2. Multiply $100,000 by 43% to get $43,000 in annual income.

 

3. Divide $43,000 by 12 months to convert the annual 43% limit into a monthly upper limit of $3,583.

 

4. All your monthly bills including your potential mortgage can’t go above $3,583 per month.

 

You might find a lender willing to give you a mortgage with a payment that goes above the 43% line, but consider carefully before you take it. Evidence from studies of mortgage loans suggest that borrowers who go over the limit are more likely to run into trouble making monthly payments, the Consumer Financial Protection Bureau warns.

 

4. Use Your Rent as a Mortgage Guide

 

The tax benefits of homeownership generally allow you to afford a mortgage payment — including taxes and insurance — of about one-third more than your current rent payment without changing your lifestyle. So you can multiply your current rent by 1.33 to arrive at a rough estimate of a mortgage payment.

 

Here’s an example: If you currently pay $1,500 per month in rent, you should be able to comfortably afford a $2,000 monthly mortgage payment after factoring in the tax benefits of homeownership.

 

However, if you’re struggling to keep up with your rent, buy a home that will give you the same payment rather than going up to a higher monthly payment. You’ll have additional costs for homeownership that your landlord now covers, like property taxes and repairs. If there’s no room in your budget for those extras, you could become financially stressed.

 

Also consider whether or not you’ll itemize your deductions. If you take the standard deduction, you can’t also deduct mortgage interest payments. Talking to a tax adviser, or using a tax software program to do a “what if” tax return, can help you see your tax situation more clearly.

Sept. 10th, 2014 Tips for Negotiating Best Price

Here are six tips for negotiating the best price on a home.

1. Get prequalified for a mortgage

Getting prequalified for a mortgage proves to sellers that you’re serious about buying and capable of affording their home. That will push you to the head of the pack when sellers choose among offers; they’ll go with buyers who are a sure financial bet, not those whose financing could flop.

2. Ask questions

Ask your agent for information to help you understand the sellers’ financial position and motivation. Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell, the lower your offer can reasonably go.

3. Work back from a final price to determine your initial offer

Know in advance the most you’re willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale. Work with your agent to evaluate the sellers’ motivation and comparable home sales to arrive at an initial offer that engages the sellers yet keeps money in your wallet.

4. Avoid contingencies

Sellers favor offers that leave little to chance. Keep your bid free of complicated contingencies, such as making the purchase conditional on the sale of your current home. Do keep contingencies for mortgage approval, home inspection, and environmental checks typical in your area, like radon.

5. Remain unemotional

Buying a home is a business transaction, and treating it that way helps you save money. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating. Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty. If sellers won’t budge, make it clear you’re willing to walk away; they may get nervous and accept your offer.

6. Don’t let competition change your plan

Great homes and those competitively priced can draw multiple offers in any market. Don’t let competition propel you to go beyond your predetermined price or agree to concessions-such as waiving an inspection-that aren’t in your best interest.

April 22nd, 2014 Happy Earth Day!

The following information was posted in an article on BabyCenter.com by Leslie Crawford. Here are 20 great ways to begin going green with little money involved and only a bit of effort. Choose one and start today!

We all want to protect the planet. After all, our children’s future is at stake, as well as our own. But for most moms and dads, hybrid minivans and solar panels are out of reach – and who has the energy to give up diapers or dishwashers?

The good news is, small changes can make a big difference. We went to top environmental experts to get their best tips for busy parents and parents-to-be. Their advice will help you leave the world a healthier place for your child and save you money to boot. What could be better than that?

In your home

Make your fridge efficient

“The single biggest electricity user in your house is the refrigerator,” says Lisa Moore, climate and air scientist at Environmental Defense, who notes that you can reduce the energy drain with a few simple tricks. Cleaning the coils every six months will help you use less energy and save money. (Flip up or remove the kick plate or toe grill, and clean with a vacuum attachment or bottle brush. Make sure to unplug the fridge or turn off its circuit breaker first.) So will keeping the fridge set between 38 and 40 degrees and the freezer between 0 and 5 degrees – the settings where it’s most efficient.

Stop standby waste

Unplugging TVs, DVD players, computers, and other major electronics when they’re not in use could keep thousands of pounds of carbon dioxide out of the air each year, according to Al Gore’s site An Inconvenient Truth. (Even when they’re turned off, their standby consumption is about equal to running a light bulb continuously.) To avoid the hassle of constantly plugging and unplugging, here’s an easy solution: Plug several electronics onto one power strip and switch it off. As for small gadgets like cell phones, digital cameras, and hand-held vacuums – once they’re charged, keep them unplugged until needed.

Light up right

“Switching from traditional incandescent bulbs to fluorescent is the easiest and most cost-efficient fix for saving energy,” says actress Rachelle Carson-Begley, wife of actor and eco-activist Ed Begley Jr. Even though fluorescent bulbs cost more, you’ll save up to $60 in energy bills over the lifetime of the bulb. If you don’t like the look of fluorescent, switch out the garage and hall lights, and save the mood lighting for bedrooms and bathrooms. Or, mix iridescent and fluorescent in multibulb fixtures.

Flush water waste

A whopping 40 percent of the water used in your home goes down the toilet. A low-flow toilet can cut the amount you use by half or more (and yes, it’ll work just as well). A low-tech alternative: Put a brick or plastic milk jug filled with pebbles in the tank. The space it takes up reduces the amount of water needed to fill the tank, so you’ll save gallons (and money) with each flush.

Fix drips and leaks

A leaky faucet? Time to call the plumber. That slow but steady drip, drip, drip can waste up to 20 gallons of water a day. Extra credit: Replacing standard faucets and showerheads with low-flow versions will help a family of four save 20,000 gallons a year.

There are plenty of other small but significant ways to conserve, says Joanna Yarrow, author of 1001 Ways to Help the Earth. “Keep a pitcher of water in the fridge so you don’t waste water as you wait for it to get cold from the tap,” she recommends. “And turn the water off when brushing your teeth.”

Use dishwasher smarts

“A lot of people think washing by hand is more environmentally friendly than running a dishwasher,” says Yarrow. Not necessarily so. You can save up to 20 gallons of water a day by waiting till your dishwasher’s full to switch it on. You’ll save even more energy by letting dishes air dry on the racks instead of using the heat dry cycle. Plus, most new dishwashers don’t need you to prerinse. Simply scrape off food and load, and you’ll conserve another 20 gallons.

And if you’re in the market for a new dishwasher (or any appliance), look for the Energy Star label. It’ll save you more than $40 a year in utility bills, and many power companies offer rebates as well.

Wash in cold

“By washing clothes in cold water rather than warm or hot,” says EcoMom Alliance president Kimberly Danek-Pinkson, “you can eliminate 500 pounds of carbon dioxide emissions a year.” (Bonus: Your clothes will last longer.) If cold water isn’t going to cut it with your kid’s grimy duds, opting for warm water over hot still saves energy and gets clothes clean.

To make laundry day even more energy-efficient, wait until you have a full load. Danek-Pinkson also advises rethinking what constitutes dirty. “Kids go through lots of outfits that wind up on the floor, and then you toss them in the laundry basket,” she says. “Ask yourself, ‘Is this really dirty?’ If not, think of all the energy you’ll spare – for the planet and yourself – by not washing them.”

Get the lint out

“If you clean out the lint filter of your clothes dryer before each load, you’ll reduce your energy use by up to 30 percent,” says Jennifer Hattam, green living expert for the Sierra Club. (That’s nothing to sneeze at, considering the dryer is one of the biggest energy hogs in the house.) As with the washer, waiting till you have a full load saves lots of energy.

Adjust the thermostat

“Turning the thermostat just two degrees up or down saves a lot of energy and money,” says Earth Day Network president Kathleen Rogers, who headed up the Two Degree Campaign. Rogers recommends setting that thermostat dial to 68 degrees in winter and 72 in the summer. For winter nights, lower to 65 degrees and pile on the blankets. And if possible, opt for an energy-efficient fan instead of air conditioning during summer.

 

On the road

Pump up tires

“If you’d properly inflate your tires, you could reduce global warming and have cleaner air to breath,” says Savannah Waters, who founded Pump ‘Em Up at age 9. She makes a good point. If all American drivers kept their tires at the recommended pressure, we’d save about 4 million gallons of gas a day (and our tires would last longer, too).

Drive smart

When waiting to pick up kids after school or soccer practice, you’ll spare the air – and the lungs of the children waiting for their rides – if you don’t let your car idle. The Environmental Protection Agency recommends turning off your engine if you’re going to be in one place for more than 30 seconds.

Also, be a steady driver. By avoiding sudden braking and acceleration, you’ll increase fuel efficiency by as much as 40 percent. And if you set your highway cruising speed to 55 to 60 miles per hour, you’ll save even more gas.

“Driving the speed limit and at a steady speed, without sudden stops and starts, is safer for you and your children anyway,” Jennifer Hattam points out.

Plan your trip (or just walk)

Given that roughly a quarter of daily car trips are one mile or less, there’s a health-friendly alternative way to get to the local market or park. “Get out of your car,” says Rachelle Carson-Begley. “Walk a little and get your exercise.” And when you do climb into your car, plan your trip so you hit all your stops along the most efficient route – you’ll save time, money, and gas.

Trim your trash

Rethink the baby wipes

Most baby wipes take several hundred years to break down, says Joanna Yarrow. Considering the number of wipes used in the United States (about 5,000 per baby), that’s a lot of landfill. The most earth- and baby-friendly alternative, Yarrow says, is to make your own by cutting cotton fabric into small squares and washing them when dirty. At the very least, when just a quick swipe of a wipe is needed for easy cleanups, rip a wipe in half.

Bring your own bag

It takes 12 million barrels of oil, and 14 million trees, to make all the paper and plastic bags Americans go through each year. Next time you shop, take cloth bags (keep a few in the trunk to have on hand). Or just reuse – sturdy plastic bags or double-bagged paper ones hold up for months, and they’re free. Extra credit: Reuse plastic produce bags, or pick up a few cloth ones (you’ll find them at Reusablebags.com).

Break the bottle habit

Making and even recycling plastic water bottles uses energy and releases pollution, and every year, millions of them wind up in landfill. It’s not worth the waste, argues Gina Solomon, senior scientist for the National Resources Defense Council. “Bottled water is often just tap water with a fancy label and a high price, and it’s not any better for you,” she says. In fact, Consumer Reports found that about a quarter of bottled water comes from the tap.

A more earth-friendly alternative is to fill reusable aluminum or stainless steel bottles with tap. If you’re concerned about water quality or don’t like the taste, try a filter (our food safety area has info on the various kinds).

Buy recycled paper

Yes, it costs more. But the paper industry is the third largest contributor to global warming, according to StopGlobalWarming.org. If your budget doesn’t allow for it, try to reuse. For instance, take home used paper from the office and use the clean side for to-do lists, phone messages, and art projects – and then toss it in the recycle bin.

Recycle

It sounds old-fashioned to mention recycling – until you consider that an incredible 69 percent of Americans still don’t do it. For tips, including what’s recyclable in your town, go to Earth 911. Extra credit: Try to steer clear of food and toys wrapped in excess packaging.

Have a kid swap party

No, we’re not suggesting you trade in your temperamental toddler. In the spirit of community and recycling, Grist president Chip Giller swaps kid items with other parents. “All our friends are having kids now, and we pass clothes and toys from one person to another,” he says. If you make a party out of it, you get a twofer: new duds and toys, plus plenty of fun.

 

Involve your family

Grow a garden

“Mucking about in the garden is a great way for kids to interact with nature in a meaningful and rewarding way from an early age,” says Yarrow. Even urban kids will enjoy planting seeds in flowerpots for a windowsill garden.

Use your voice

If you or your child is concerned about an environmental issue, sit down and write a letter together. “One letter sent the old-fashioned way, as opposed to email, can greatly influence your congressperson or senator,” says Moore. You can find contact information for your elected congressional representatives and senators online.