Monday, October 8, 2012
Friday, October 5, 2012
Looking For Income Properties
We have income properties that make great investments. Here are just couple. Call us if you want to invest in real estate. Call if you have a property you want to 1031 exchange.
Thursday, October 4, 2012
We Do Vacation Rentals Too
Cygnus Real Estate not only sells residential and commercial property but we manage and lease homes, vacation rentals. Our special this week is a lake front home on Suttons Bay.
Location: Stony Point (On a Quiet Rural Road, 3 miles from Suttons Bay, MI)
Accommodations: Cottage, 5 Bedrooms + Convertible Bed(s), 2 Baths (Sleeps 11)
Set on the beautiful eastern shore of Suttons Bay, allow Stone Terrace Beach Cottage to be your home 'up north'. Feel the sand and water of Suttons Bay right outside your door or enjoy a crackling fire in the wood burning fireplace. Stone Terrace Beach Cottage is available from Saturday to Saturday during the summer, and on a flexible schedule during the rest of the year. Off season weekend rates are available (see rates below)...please call for details.
Situated on a quiet rural road, two and a half miles from the village of Suttons Bay, Stone Terrace Beach Cottage is the ideal vacation destination with casual elegance in mind. The home which was professionally landscaped in 2002 and remodeled in 2007 has four bedrooms plus a 5th seasonal sleeping room or bonus room, two all tile baths, living room, dining room, and fully-equipped newly remodeled granite kitchen with upgraded Whirlpool Gold Series appliances and AIR CONDITIONING on the main level!!!
The cottage accommodates a total of eleven utilizing the full futon in the bonus room. A main level deck located off of the living room, provides a great place to take your morning coffee, and stone steps lead to the lower deck where one can sun bathe or catch up with a good read.
Out the back door is nature’s opportunity to walk, jog, bike, or weather permitting, cross country ski!! Nature abounds everywhere!! The quaint village of Suttons Bay, which plays host to great restaurants, boutique shopping, and art galleries, is just a short drive way.
Nearby attractions include Sleeping Bear Dunes National Lakeshore, Leelanau Sands Casino, and the Interlochen Center for the Arts. Sprinkled throughout Leelanau County you will discover charming villages, wineries, antique dealers, and outdoor recreational opportunities, including access to Lake Michigan. Traverse City is just 20 minutes away, offering 'city style' entertainment for those so inclined.
Let the Stone Terrace Beach Cottage be your home away from home for a weekend or a week!!
Features include four generously sized bedrooms plus a 5th sleeping room or bonus room with a commanding view of the beach off of the garage; two bedrooms upstairs, two bedrooms (and 5th or bonus room) down. Three of the bedrooms are furnished with queen beds, one has a full bed with twin bunk above comfortably accommodating nine (or eleven with futon in the seasonal sleeping room). There are 2 baths finished with imported Italian tile.
There are two bathrooms , 1850 square feet of nicely appointed living space, and 100 feet of private sandy beach with a sunset view. Shallow swimming on Suttons Bay (for the first 200 feet out). Indoor fireplace and fire pit on the beach. New top of the line Whirlpool appliances; granite kitchen and Swedish Asko washer and dryer.
Beautiful landscaping and furnished outdoor deck areas. Weber gas grill. Air conditioning on the main level. Color cable TV with DVD. Wireless High Speed Internet. Pets accepted. Great walking, jogging, hiking out the back door. Village of Suttons Bay is two and a half miles away. All the amenities of home!
During the winter season the garage is unavailable.
Call or visit us to reserve this home or find other great vacation rentals.
231.994.3225
Location: Stony Point (On a Quiet Rural Road, 3 miles from Suttons Bay, MI)
Accommodations: Cottage, 5 Bedrooms + Convertible Bed(s), 2 Baths (Sleeps 11)
The cottage accommodates a total of eleven utilizing the full futon in the bonus room. A main level deck located off of the living room, provides a great place to take your morning coffee, and stone steps lead to the lower deck where one can sun bathe or catch up with a good read.
Out the back door is nature’s opportunity to walk, jog, bike, or weather permitting, cross country ski!! Nature abounds everywhere!! The quaint village of Suttons Bay, which plays host to great restaurants, boutique shopping, and art galleries, is just a short drive way.
Let the Stone Terrace Beach Cottage be your home away from home for a weekend or a week!!
Features include four generously sized bedrooms plus a 5th sleeping room or bonus room with a commanding view of the beach off of the garage; two bedrooms upstairs, two bedrooms (and 5th or bonus room) down. Three of the bedrooms are furnished with queen beds, one has a full bed with twin bunk above comfortably accommodating nine (or eleven with futon in the seasonal sleeping room). There are 2 baths finished with imported Italian tile.
Beautiful landscaping and furnished outdoor deck areas. Weber gas grill. Air conditioning on the main level. Color cable TV with DVD. Wireless High Speed Internet. Pets accepted. Great walking, jogging, hiking out the back door. Village of Suttons Bay is two and a half miles away. All the amenities of home!
During the winter season the garage is unavailable.
231.994.3225
See What Is Hot This Week
Look for ads in the Leelanau Enterprise for the very best real estate deals on the peninsula.
Sunday, September 16, 2012
Looking For Bargain
Homes To Buy
Look no further, Cygnus Real Estate has the experience, tools and know how when buying foreclosed homes.
Below of some advice about foreclosures if you are new to the game. We are here
to help you make smart buys.
Even for those who have some spare cash, it might not be enough to buy troubled properties that are too run-down to qualify for Federal Housing Administration or even conventional mortgages. Peeling lead paint can be enough to thwart an FHA loan, while more serious problems, like a roof that needs to be replaced, can stymie a conventional loan. In such cases, only buyers who can pay cash are considered.
Some properties simply need too much work to make much financial sense. A foreclosure might be $15,000 less than a comparable property, for example, but may need $30,000 in repairs and improvements to make it habitable. In such a case, the more expensive property is a better investment, because the work is already done for you,
Don't expect to automatically get a screaming deal. Some banks slash a property's price for a quick sale, which means you'll get the house for less than comparable homes in the area. Other banks don't offer much of any discount and intense investor interest in a property can lead to a bidding war that drives up the price.
Foreclosure Buying Opportunities
The foreclosure process offers three bargain-buying opportunities.- Buying during pre-foreclosure, also called a short sale.
- Buying at public auction.
- Buying bank-owned properties, also called an REO.
Should You Buy A Foreclosure?
Foreclosed properties can be a great deal for homebuyers, whether they're planning to live in the house or rent it out. But they should know the potential pitfalls.Even for those who have some spare cash, it might not be enough to buy troubled properties that are too run-down to qualify for Federal Housing Administration or even conventional mortgages. Peeling lead paint can be enough to thwart an FHA loan, while more serious problems, like a roof that needs to be replaced, can stymie a conventional loan. In such cases, only buyers who can pay cash are considered.
Some properties simply need too much work to make much financial sense. A foreclosure might be $15,000 less than a comparable property, for example, but may need $30,000 in repairs and improvements to make it habitable. In such a case, the more expensive property is a better investment, because the work is already done for you,
Don't expect to automatically get a screaming deal. Some banks slash a property's price for a quick sale, which means you'll get the house for less than comparable homes in the area. Other banks don't offer much of any discount and intense investor interest in a property can lead to a bidding war that drives up the price.
5 Steps to Buying a Foreclosure
Buying a foreclosure can be challenge and requires some patience but offers you great value and reward in the end, if successful.- Learn The Process
Learn how the foreclosure process works. Educate yourself to identify and avoid potential scams. - Get Financing
Obtaining financing not only gives you an estimate of what you can afford, it also enables you to move quickly once you locate a property that interests you. When you approach a borrower/owner or a foreclosing lender about a property, secured financing will demonstrate that you are a serious buyer and are ready to buy quickly. - Call Cygnus Real Estate
If you're a first-time homebuyer and you've never purchased a home, let alone a foreclosure property, it is beneficial to contact a local real estate agency, like Cygnus Real Estate, who can guide you through the process of buying a foreclosure. If you work with an agent, make sure they know your priorities. Ask any potential agents if they have experience with foreclosures. Especially for first-time buyers, a good agent can be a comforting and helpful resource. - Find A Property
Buying a home in foreclosure can begin with you logging into CygnusRealEstate.com and decide where you want to search for property. CygnusRealEstate.com allows you to search by county, city or zip code. A Cygnus real estate agent can setup an automated property search which will email you a list of prospects. You can also foreclosures listed in your local newspaper. - Make An Offer
If you have never purchased a foreclosure property before, we recommend that you have a real estate agent help you prepare and make an offer. To get an estimate of the potential bargain for any property, you need to find out the estimated market value of the property, how much is owed on the property and if the owner has any other loans or liens encumbering the property. Add together any outstanding loans and liens and estimated repair costs and subtract that total from the estimated market value of the property.
Based on your research of the potential bargain, you can make an offer. Usually the offer amount is somewhere below the market value but above the total outstanding liens and estimated repair costs. If the property is a pre-foreclosure or bank owned, you could prepare an offer similar to a typical purchase offer, contingent on a full inspection and title search. Though you do an inspection don't expect the lender to repair or contribute something for damage. The inspection gives you an option to walk away if it is not acceptable.
If the property is selling at auction, you will need to make your offer, or bid, at the auction. In many states, bidders are required to pay in cash in the form of a cashier’s check at the auction. You probably won’t be able to conduct a full inspection and title search when you buy at an auction, so it’s important to do careful research before attending an auction.
Monday, August 6, 2012
Contemporary Home on Lake Leelanau
Golden Opportunity to acquire Lake Leelanau lakefront property- under $500k! Unusual contemporary style home perched on sunset-view side of shore line. Huge attached deck, dock, boat hoist, large yard 4 kids, pets & even big kids too. Strong rental history makes this gr8 option 4 family retreat w/ some rental income 2 offset expenses or make it your year round home. Just minutes to the charming villages of Lake Leelanau, Leland, Glen Arbor, Suttons Bay and Sleeping Bear National Lakeshore. Large field stone fireplace and pictures window insure cozy days & nights all year long. Go to www.cygnusrealestate.com for more info.
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