Big House Reconstruction Welcomes Public Tour in Ann Arbor, Michigan

July 15th, 2010 Ann Arbor Real Estate Experts Posted in A Few of my Favorite Things, Ann Arbor Community, University of Michigan No Comments »

The Big House was opened to the Public in Ann Arbor

Yesterday the fans and tourists explored the luxury seats, open seats, and club seating. The seating sales have paid for the $226 million construction project per Dave Brandon, athletic director.  The suites  have a yearly price tag of up to $85,000 each.  Here is the vidoe tour of University of Michigan Stadium.

Here are pictures taken yesterday while we were inside the University of Michigan Stadium.

On Sept. 4th, the stadium will open for its 83rd season for Michigan against (defeating) Connecticut.  The seating capacity is 109,901 – keeping Michigan Stadium as the nation’s largest college football stadium.  Tour U of M stadium slide show.  We hope to see you at the Ann Arbor football games this fall – maybe opening day.

For more information on AnnArbor, click here for.  For Ann ARbor Real Estate Experts, call us 734-669-0337.

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Obama At U of M Commencement in Ann Arbor

May 2nd, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Community, University of Michigan No Comments »

Here is the video recorded by the whitehouse of Obama’s Ann Arbor speech.

He recieved an honorary degree and lots of cheers when he said GO BLUE!

He flew Air Force One into the Detroit Metropolitan Airport.  Did you watch or attend? We’d love to hear your thoughts.

If you are looking at property in and around Ann Arbor, let us help you find the perfect Ann Arbor Area home, condo, or investment.  If you have the time to wait for banks, look at Washtenaw County foreclosure deals.

Ann Arbor Real Estate Experts

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Short Sales or Student Housing Options in Ann Arbor

December 26th, 2009 Ann Arbor Real Estate Experts Posted in Ann Arbor Area Listings, University of Michigan 1 Comment »

What’s Safer  - Student Loans or Short Sales in Ann Arbor?arrow-right

Every parent hopes and prays their young prodigy grows up healthy,  goes to University of Michigan and marries a nice partner. To help children achieve great things in life parents have been known to work endless hours, forego vacations and scrimp/save for decades. Later in life it’s not unusual to find parents co-signing for leases, student loans or setting aside retirement funds to help put kids through college. Of course, just one look at the price of tuition and it’s easy to understand why – tuition has continued to increase far in excess of the rate of inflation for years.

Very few people ever slow down enough to question common wisdom – what is wiser to invest your hard earned dollars…student loans or short sales? They both have the advantage of leverage, they are both considered “good debt” and both increase the long term earning potential of the borrower. Is this a question or semantics or is there any way to truly differentiate between the two? Let’s take a quick look to sort through the specifics of each.

Devil in the Details

Student loans have historically been considered “good” or “necessary” debt since they tend to increase the total annual earnings of the recipient but hidden in those details is a devil of a fact – when adjusting for delayed earnings and adding back the high debt burden, increased income tax and student loan repayments much (but of course not all) of the average annual income discrepancy is minimized.

On the other hand, short sales provide immediate profit potential, make use of tax incentives and are typically able to take advantage of favorable Capital Gains taxation rather than the higher income tax rates.

Low but Unlocked Interest Rates

 Although student loan interest rates typically are low due to government subsidies, the ugly truth behind many of these loans is less than generous. Thanks to stringent repayment requirements, defaults are rarely eligible for bankruptcy protection and may actually impede the ability of the recipient to obtain employment or continue their education. Even worse, student loan defaults have resulted in wage, Social Security and even disability garnishment.  Thanks to compounding interest and hefty capitalization, it’s not unusual for a small student loan to grow completely unmanageable while the student is in college. For example, by capitalizing payments and then calculating compound interest, an initial debt of $35,000 can nearly double to over $80,000 before a student finishes their degree program even with a “low” interest rate. On the other hand, short sales not only have the advantage of low interest rates but they can actually lock-in those rates over a 30 year duration if desired. No surprises.

Different Defaults

 We’ve already mentioned the very high price individuals are forced to deal with in the event of a student loan default but what about co-signors or others? Sadly, not every student will finish University of Michigan. Rather than having a brilliant career ahead, parents are just as likely to encounter a grown child saddled with greater debt than ever – and no way out. When students default on student loans there isn’t anything to take back – no hard asset to sell in order to recoup part of your investment – nothing.  Investing in short sales provide protection for all involved; not only can the property be sold to offset losses but it can also be kept in the event everything turns out well.

With the average cost of college tuition expected to hit six-figures within the relatively near future, savvy parents, grandparents and others would do well to consider purchasing a short sale property to protect their child’s future. Not only can the property pay for a college tuition but provides peace of mind for all involved well into the future.

We know your time is at a premium, and we’re very grateful to you for lending us your thoughtful attention. Even if you’re not planning to buy or sell right now, we hope you’ll keep us in mind. If you like, we’ll send you a refrigerator magnet and some other cool stuff, so you won’t forget us. And if you should happen to know someone, a relative, friend or neighbor who is contemplating a move, it could be you’ll be their hero and ours, too, when you bring us together.  Currently condos close to campus: CND – Now Available.  To search all condos, click Ann Arbor condos for sale


Thanks to broker Chris McLaughlin, from Florida for his insights.

 

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Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com Ann Arbor Market Center Keller Williams Realty

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Ann Arbor Community & Real Estate News: University of Michigan Introduces Survival Plane For Use In The Upper Penninsula

November 29th, 2009 Ann Arbor Real Estate Experts Posted in Ann Arbor Community, University of Michigan No Comments »

Thinkstock Single Image Set

Yet more news from the fantastic University of Michigan, which is proud to represent our state and the city of Ann Arbor.

The University has introduced its new Survival Flight plane which it can use in the state’s Upper Peninsula. The fixed-wing Cessna Citation Encore CE-560 will be on display at the Houghton County Memorial Airport, about 420 miles northwest of Detroit.

The plane first was used on Oct. 25 to deliver a heart to a transplant patient. Medical School instructor Dr. Brad J. Uren says the Upper Peninsula will be one of the areas served by the plane. U-M Survival Flight transports critically ill or injured patients throughout the continental United States, Canada and Mexico.

The schools fleet also includes three helicopters! With the winter weather coming and roads occasionally impassible, the new plane will surely play a great and important part of operations.

The University of Michigan really is an exciting place to be and when you look at all its facilities , it really makes it one of the best schools in the country.

NEED MORE INFORMATION ON OFF-CAMPUS HOUSING AT THE UNIVERSITY OF MICHIGAN IN ANN ARBOR? CONTACT US!

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

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Kathy Toth & Team: Ann Arbor Area Real Estate Experts

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Ann Arbor Michigan Community: New Law School To Open Ann Arbor Campus in Fall

June 8th, 2009 Ann Arbor Real Estate Experts Posted in Ann Arbor Community, University of Michigan No Comments »

The Thomas Cooley Law School in Lansing has announced exciting news for the Ann Arbor community!

The law school plans to open a campus in Ann Arbor in time for the fall semester, with classes scheduled to begin September 8th at an 84,500 square foot facility located at 3475 Plymouth Road, the current home of the Ave Maria School of Law, which is leaving Michigan to relocate to Naples, Fl.

Cooley Law School, founded in 1972, opened in Lansing a little more than 100 years after Thomas M. Cooley became dean of the University of Michigan Law School. The new campus will be a marked event in the schools history. It is the largest law school in the country, with more than 13,000 graduates across the nation and worldwide.

Interest is high with deposits from 84 students having already been received for the September class schedule, showing the demand for a law school in Ann Arbor.

This really is great news for the city who already benefits from having a well educated and skilled population. It will be another added attraction for those looking at relocating to the area.

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Search all listings in Michigan with pictures and tours…Free!

Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com

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Ann Arbor Michigan Real Estate: Why College Towns Like Ann Arbor Are Looking Great!

May 28th, 2009 Ann Arbor Real Estate Experts Posted in Ann Arbor Community, University of Michigan 1 Comment »

The news is not all doom and gloom when it comes to Jobs here in Ann Arbor Michigan.

The Wall Street Journal online has published an article showing that College towns are looking inviting when it comes to jobs and job growth.

It appears that college towns such as Ann Arbor, MI, Gainesville, FL, Manhattan, Kansas., and Boulder, Colorado have all posted lower than average unemployment rates (The national average is currently at 8.9%).

While college towns have long been considered recession-resistant, their ability to avoid the depths of the financial crisis shaking the rest of the nation is noteworthy. In some towns they are even struggling to fill posts at the University and are crying out for applicants.

There has been a growing trend in the last few decades where localities are bringing down divisions between themselves and their universities and learning to work together and naturally growing together. Ann Arbor is home to the University of Michigan and it enjoys a great relationship with the college.

Here at the Kathy Toth team we have been in the business for 20 years and know the Ann Arbor real estate market inside out! We also use various new internet based services to assist our clients in ensuring they receive the highest level of service. (See our testimonials on Youtube or add us on Facebook)

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Search all listings in Michigan with pictures and tours…Free!

Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com

Keller Williams Realty

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University of Michigan Health System an Ann Arbor Community Benefit

February 21st, 2009 admin Posted in Ann Arbor Community, University of Michigan No Comments »

The University of Michigan Health System (UMHS) is making a great impact in Ann Arbor and throughout the state.  Recently they reported that through charity care and contributions to community health plans, they provide a community benefit of approximately $323 million.  The largest portion of this benefit goes toward unreimbursed direct patient care.  Much of these funds go toward supporting the uninsured and those on Medicaid and Medicare.

The University of Michigan Health Care System is supporting the community with more than just dollars.  They also foster many community health education programs and health screenings, provide meals, and improve housing.  Washtenaw County residents benefited directly in 2008 to the tune of $43.8 million.

UMHS mission is to be “a leader in research, education and patient care.”  They draw much needed research funding to Michigan’s economy and help to provide care to hundreds of thousands of patients each year.  More than 30% of U of M Med School graduates stay in the state to practice and care for our residents.  What a great benefit and blessing to our community.

Search all listings in Michigan with pictures and tours…Free!

Kathy Toth & Team: Ann Arbor Area Real Estate Experts

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