Big Change For Reverse Mortgages

Get ready for some major renovations in the federal reverse mortgage program.
On Wednesday, the U.S. Senate joined the House in passing legislation giving the Federal Housing Administration authority to alter its Home Equity Conversion Mortgage program, or (HECM), protect borrowers and help the agency avoid a federal bailout. The agency is expected to reveal later this month exactly how it’ll alter the rules, which could take effect as early as Oct. 1.
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Say goodbye to those low mortgage rates

This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91% and are up from 3.3% in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loan received an average rate of 3.03%, up from 2.56% -- a record low.

Interest rates on the rise

At 9AM on Saturday, June 1, there will be a birding activity for children and another (at the same time) for adults. These activities are part of the Leelanau Peninsula Birding Festival and are open to all.

Bird & Bug Safari For Kids at Suttons Bay Wetlands Walk: Leaders Ann McInnis, Jan Ostrowski. Meet at Suttons Bay Visitor’s Center at 9AM.

Beginning Birding at Suttons Bay Wetland Walk: Leader Kay Charter.  Meet at Suttons Bay Visitor’s Center at 9AM.

Binoculars will be provided for all ages.

Open House - May 25th, 2013 - 11am - 1pm
408 N Saint Marys St - Suttons Bay, MI
3 bed / 1 bath / 1088 SF
http://www.cygnusrealestate.idxco.com/idx/14106/details.php?idxID=248&listingID=1745283

Horse Complex For Sale

Rare opportunity for the horse-lover to acquire a stunning private compound. Approx. 17.5 acres (additional land can be bought) with 9 stall barn that has tack room, wash station with hot & cold H2O, 1/2 bath with laundry plus timber frame for hay. The original barn was built around 1879-current owners rehabbed it. The property has 5 paddocks with no climb fencing and a 60x132 indoor arena with lighting & kick-boards- plus out buildings. There are 2 wells plus a pond. The home is a half berm style ranch for energy efficiency and features 3 beds/2 baths, soaring 18' vaulted ceilings clad in rough sawn cedar in the living room, a unique kitchen with pine cabinetry, a kitchen island and tumbled stone counter tops. There is a wine cellar off the combined dining room/family room. Extra wide hallways. The flooring throughout the home is hardwood, stone, brick and some ceramic tile too. There is a 30x32' over-sized 2 car garage with 8' doors. One half acre of the property is devoted to gardening with mature raspberry bushes and strawberries. The plot is irrigated and has proven to be a successful summer business for the current owner. This property will go a long way towards paying for itself with an entrepreneurial owner. Board horses / lease stall space and/or paddocks. Offer riding lessons or lease the arena for same- the savvy buyer knows Black Star Farms is currently full so there is a need within the community for a facility with these options. Farm and develop the berry business and/or try your hand at other types of food crops. Opportunity rarely knocks twice- don't miss this one. Directions: M22 to Suttons Bay-west on Broadway - (across form Boone's Primetime) to Elm St- left on Elm past the school- right on Herman Rd- follow the road to the property on the left hand side.

Affordable 3 Bed Home In Suttons Bay Village

Charming 3 bed Victorian style home in the Village of Suttons Bay. Hardwood floors throughout this gem. The open concept kitchen has been updated recently. Other great amenities include a sun-room, main floor laundry room, basement for storage and one car garage. Makes a great starter home or rental.

Basic Features:

Acres: 0.12ty Name: Suttons Bay
County Name: Leelanau
Neighborhood: Suttons Bay Village
Schools: Suttons Bay Public
State: Michigan
Zip:49682

Type: ResidentialZip: 49682
Bathrooms: 1
Bedrooms: 3
Square Ft.: 1088

Malibu Beach Home For Sale

Fabulous beach home for sale.

http://www.trulia.com/barbie/#photo-1

Top 5 Real Estate Agents

Cygnus Real Estate ranks in the top 5 for real estate sales in Leelanau County during Q1 of 2012. What can we do for you?

Steal On Stony Point

Here is our newest listing.

1031 S Bay View Trail, Suttons Bay, MI 49682

Beautiful custom home with killer bay views. House was designed by Olde World Homes and the interior was designed by Paula Kersten. The home is wood construction on a poured concrete foundation with rough cedar shingle & custom Brazilian Mahogany front door. It features Mouser Kitchen Cabinets, slab granite counter tops, hardwood floors, solid core doors and Kohler fixtures. Go to http://www.CygnusRealEstate.com for more details. Call us for a tour today, 231.994.3225.

Energy Savings When You Buy A New vs Old Home

You'll pay more to heat or cool a six-year-old home vs. one built to the latest energy codes.

Suttons Bay Cottages Sells

After years on the market with other real estate brokers, Cygnus Real Estate has sold the Suttons Bay Cottages to a new investor. The investor will keep the cottages as vacation rental with new updates. He is also going to convert the main house into a new 5 bed/3 bath vacation rental. The small resort is being re-branded to the Cottages On Suttons Bay (COSB). Cottages On Suttons Bay has a new website where you can learn more about them at http://www.CottagesOnSuttonsBay.com. 

Cygnus Teams Up With Art Van

Art Van Home Rewards Program – Now Offers Even More Rewards!

Early last year, MAR teamed with Art Van to introduce the Home Rewards Program for Michigan REALTORS® and their clients. The new program offered $150 to home purchasers for use at Art Van, Paul’s TV and World of Floors and about 1,600 REALTORS® signed up clients in 2012.

While that might seem like a pretty good first year, Art Van’s Vice President of Financial Services, Ken Bussell, thinks they can do better in 2013; much better. Toward that goal, Art Van has doubled the value of the program, from $150 to $300 and is beginning a full-blown campaign to get the word out to Michigan REALTORS® and gift cards in the hands of Michigan home buyers.

Suttons Bay Retail Building For Sale

Don't Miss Out This Summer
Do you have a business you are trying to get off the ground? Does business need to expand?

The 2013 Summer Season is quickly approaching so don't wait to buy this gem.

This a rare opportunity to acquire one of the nicest freestanding retail buildings in charming Suttons Bay Village. From the curb this property is cute cute cute-obviously well loved. It fronts to M22 with ample ops for highly visible signage. This established business can be bought with the real estate for $329K-a perfect turn-key op! Or buy the real estate & bring your unique bushiness to the Village for just $279K. $20,000 PRICE REDUCTION- SELLER HAS HOME IN FLORIDA & WANTS TO MOVE NOW! DON'T MISS THIS OPPORTUNITY!

Basic Features:

Acres: 0.17
City Name: Suttons Bay
County Name: Leelanau
Neighborhood: Theatre District
Schools: Suttons Bay
State: Michigan

Subdivision: Suttons Bay Village
Type: Retail Store
Zip: 59682
Square Ft.: 1572

Remodeled: 2006
Road Frontage: City/Village,State Highway,Paved
Roofing: Asphalt Shingle,Membrane
Special Assessment: No
Township: Suttons Bay
Vacant: No

Construction: Wood
Deeded Water: No
Dimensions: 60x120
Waste: Municipal Sewer
Water: Municipal Water
Year Built: 1956
Zoning: Retail

Eco Features: No
Financing: Commercial Loan,Cash
Floor Type: Wood
Heating/Cooling: Natural Gas
Heating/Cooling Type: Forced Air,Central Air

Directions: M22 to Suttons Bay Village. M22 becomes St Joseph- property is appx in the middle of the Village on the east side between Adams adn Grove St.

Price: $140,000
Address: 2525 N Setterbo Rd, Suttons Bay, MI 49682 (map)
Bedrooms: 3
Bathrooms: 1
Size (sq ft): 1188
Year Built: 1986 








Description:
Charming story and a half set on bucolic Setterbo Rd. This cute little house needs a little bit of love on the outside to make it shine but just a little bit of sweat equity will pay off on this one. A must see at this price.

• Hardwood Floors
• Hot Water On Demand
• Kitchen Island
• Upgraded Kitchen Cabinets
• Loft/Cathedral Ceiling
• Laundry Room
• 2 Car Garage
• Shed
• Septic/Well
• Ceiling Fan
• New Deck
• One of Leelanau's pretties roads for a house.

Are You Still Renting?

The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index. If you have been waiting to buy, don't wait much longer.