5 Tips For First-Time Homebuyers

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5 Tips For First-Time Homebuyers

When it comes to buying your first home, up-to-the-second information and professional service are a must. Our TEAM OF REALTORS caters to your individual needs and provides outstanding service and support from start to finish. We deal with first-time home buyers everyday and discovered that many folks just don’t understand the process. Well, here are 5 tips to finding your first home!

1) Stop relying on the syndication sites (Zillow, Trulia, etc.) as information is unreliable and often outdated. The best information comes directly from the MLS (multi-list service) and can be provided to you instantly by your Buyer’s Agent.

2) Purchaser’s never pay commission. Commissions and fees owed to the Buyer’s Agent are worked into the sale price and structured long before you make your offer.

3) Shop mortgage companies and get a pre-approval letter. Know what you need and how much you can afford. It’s fast and easy.

4) Never use a part-time Realtor. While your dream house is going under contract, your part-time Realtor might be waiting tables.

5) Sign a Buyer’s Agency contract. Too many purchasers think they need to “keep their options open” when it comes to committing to a Buyer’s Agent. Make a commitment so your Buyer’s Agent can focus on you as a client.

There is a lot more that goes into the process, and any of our REALTORS can help you along the way. Let us show you why J Keller Properties, LLC is the best Real Estate Agency in Ann Arbor. GET STARTED

 

Governor Snyder Purchases Loft Using J Keller Properties

Jon Keller, president of Ann Arbor-based J. Keller Properties, brokered a $1.5 million condo sale that will have Michigan Gov. Rick Snyder and his wife moving to downtown Ann Arbor.

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JKP Brokers Sale of 48-unit Portfolio

We’re pleased to announce the sale of a 3 property, 48 unit portfolio worth over $4.8M. Our intimate knowledge of the market and the properties allowed us to broker both the buy and the sell sides of this deal.

1036 S Main
512 N Ashley
520 N Ashley

From Outdated to Outstanding | S. Seventh Duplex

DSC_0110Representing first-time investors in the summer of 2013, J. Keller Properties assisted in the purchase and complete remodel of a beautiful – but outdated – duplex on the Old West Side of Ann Arbor. JKP Maintenance performed the contracting, which included major mechanical and electrical upgrades, while also addressing the superficial needs such as paint, flooring and cabinets. Leases were fully executed on 12-month terms within 24 hours of the purchase closing. Tenants quickly renewed for a second lease year. We were able to successfully broker the purchase and remodel of a rundown vacant property into a profitable and beautiful home. Soon after, the first time investors acquired a second, equally successful income property.

Desirable Downtown Location and Renovation | The Heinrich Building

Keeping a sharp eye out for lofts with potential, J. Keller Properties found and secured the purchase of the top two floors of the historic Heinrich Building in downtown Ann Arbor for out of town owner-occupants. The problem, however, was that the floors represented two individual units and needed a complete rehab right down to the original brick walls. JKP Maintenance stepped in to oversee and complete a huge renovation. After the successful purchase of the upstairs, the owner of the street retail property approached J. Keller Properties to broker and sell their desirable downtown Ann Arbor space. Yet another example of how J. Keller Properties’ approach and success led from a purchase to a remodel to a sale – all in the same building.

Well Managed and Maintained | Water Hill Home

1420 Culver 006In the summer of 2009, J. Keller Properties took on management of this beautiful Water Hill home for its overseas owner. For the next five years, J. Keller Properties leased and managed the house successfully, performing both reactive and preventative maintenance. When the owners decided not to return to the area, J. Keller Properties brokered the sale of the property and coordinated both the overseas sellers and the tenants. The sale closed uneventfully thanks to the maintenance and management of the company, and the tenants moved easily into another J Keller Properties home shortly after. They are still with J. Keller Properties.

Underwhelming Property Now Impresses| Kerrytown Gem

DSC_0338Acquired in 2013, this absolutely beautiful 4-plex was sadly underperforming. J. Keller Properties stepped in and quickly manicured the property, addressed a number of maintenance items, painted the interior and upgraded an outdated and inefficient boiler. Within the first year under management, the property renewal rate was 75% and the rent roll was increased by 10%. The tenants were thrilled with the updates.

Foreclosure Gets Fabulous Fix| Heatherwood Condo

4019216Purchased out of foreclosure in the winter of 2014, this 2 bedroom/2 bathroom condo was completely rehabbed and rented in just 30 short days. The extensive rehab required removing everything in the property down to the drywall. JKP Maintenance painted, laid beautiful hardwood flooring, replaced the fixtures, faucets, washer/dryer and even replaced the switch plates. When it was determined that a water line had ruptured while the property was in foreclosure, a little additional investment was required. That small snag didn’t keep it from becoming a beautiful and well-performing property in the J. Keller Properties portfolio.

Apartment Building Finds Full Potential | Abbott Apartments

341153This 5-unit apartment building was partially vacant and poorly rented when acquired by J Keller Properties. Within 12 months, J. Keller Properties turned it around, helping the building reach its full potential with full occupancy and increasing the annual rent roll by 40%. For more than five years, he building has continued to perform exceptionally well.