Brook Walsh's Real Estate Blog

Real estate investment in Northern Michigan can be a passive or active means of growing personal wealth. As housing costs appreciate, simply owning a home in the area is a great way to invest in the future.

But some people wish to be more involved in their investments. For those who love the fast turn around, manual labor, and problem-solving, house flipping is a popular and fulfilling form of real estate investment.

HGTV popularized the art of house flipping by portraying this DIY renovation business in a way that seems highly accessible. As a result, there’s been a surge of ambitious investors entering the market across the country. Competition to buy undervalued homes has increased, but there’s still an opportunity for the careful,

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This home represented great investment potential for Brook Walsh, NorthernMichiganEscapes.com founder, and Associate Broker for BrookWalsh.com. The property was purchased by his client for $125,000 who leveraged the team at Northern Michigan Escapes interior design and remodeling division to completely modernize this dated condo. As a result of the transformation, his client was able to use a 1031 exchange to offset the $80,000 capital gain.

ABOUT 4749 S PLEASANT VIEW AT TROUT CREEK RESORT IN HARBOR SPRINGS

This beautifully designed, three-bedroom, two-bath villa with attention to detail and cutting edge technologies: practical (E.G.: Insulated Concrete Forms) and pretty (E.G. granite and tile countertops).

Thoughtfully arranged for…
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What will change about buying and selling homes within the next year, two years, or five? Predicting the future of any industry isn’t easy. Fortunately, real estate generally offers more accessible and reliable data than other industries to use when making forecasts. That means making reasonable predictions about the not-so-distant future isn’t a complete shot in the dark. By taking what we know from the U.S. real estate industry's long history, we can factor old data against recent trends and technologies. We can use that information to give educated opinions about how the future of home buying and selling might soon unfold.

With that said, here are some of our predictions about what the future of real estate might look like:

The

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So you’ve found your dream home and you want to start the mortgage process to make things official. There are two options for buyers when it comes time to secure their local mortgage lender: either go with a mortgage broker or get a loan from a bank. Many homeowners will tell you exactly what they think the right choice is and while their opinions may be valid, they are often biased by their own past experiences. To find out which option is best for your personal needs, continue reading as we look at what it’s like to work with a mortgage broker versus bank:

WHAT IS A MORTGAGE LENDER?

A mortgage lender refers to a bank or other financial institution that specializes in mortgage products. Banks employ loan officers who work off a combination of

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This charming Lake Michigan home had been listed with several realtors and was challenging for Brook Walsh, NorthernMichiganEscapes.com founder, and Broker for BrookWalsh.com.

Brook worked with the owners to address mechanical deficiencies and make meaningful improvements to increase the property's value.

Also, the team at Northern Michigan Escapes, the areas only vacation home advisory services firm, rented out the property to address the high carrying costs.

ABOUT 12895 PA-Be-SHAN IN LAKE MICHIGAN COMMUNITY

Lake Michigan ranch nestled in the woods with 100 feet of shoreline. The home offers 4 bedrooms, 3.5 baths, full finished lower level walkout. Enjoy the sunsets and wildlife from the deck or sit on the lakeside deck with fire-pit…
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It was a very challenging situation for Brook Walsh, NorthernMichiganEscapes.com founder, and Broker for BrookWalsh.com. His clients from Colorado's Vail Valley had been looking for a needle in the haystack Lake Charlevoix property for quite some time.

After exhausting all of the active listings, Brook used his powerful network to reinvigorate an expired listing and successfully negotiated the sale.

7606 Indian Trails was listed with a different realtor in 2015 and 2016 however, the owner withdrew the listing as an acceptable offer was not submitted. 

ABOUT 7606 INDIAN TRAILS IN OYSTER BAY ON LAKE CHARLEVOIX

The home itself is a gorgeous town and Country 4 bedroom home on a 5-acre estate parcel with detached 1200 sq. ft., 2 bedroom

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It was a very busy and exciting weekend for Brook Walsh, NorthernMichiganEscapes.com founder, and Associate Broker for BrookWalsh.com. The listing for 02957 Saalbach St in Boyne Mountain Resorts exclusive Edelweiss gated community was introduced to the market on Friday night, and by Saturday afternoon there was already serious interest brewing in the beautiful property.

The home went under contact on Monday morning, less than 48 hours after it was listed and the seller was thrilled, click here to read their client testimonial. 

ABOUT 02957 SAALBACH ST IN BOYNE MOUNTAIN RESORTS EXCLUSIVE EDELWEISS GATED COMMUNITY

The home itself is one of a kind home that sits on a gorgeous lot and is very unique with a golf course lot, and a ski-in

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Homeowners should know what is generally covered before submitting a claim. However, all too often a claim is denied or homeowners find out that coverage is surprisingly lacking. Those that have been subject to floods have often found far too late that food damage is not covered in a standard policy. This is why it is important to learn more about home insurance. Depending on the area and typical weather conditions, homeowners may want to expand their coverage to avoid a potential issue. What are some of the common home insurance issues?

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Know Your Policy

All policies are not the same. Standard policies often

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Chances are good that robotics, drone imagery, and digitized collaboration will play a large part in the design and construction of future homes and business structures, and a variety of other construction improvements may not be far behind.

Already, there is some evidence that buildings of the future may be constructed of "self-healing materials" and that plant-based component will create new design and energy flexibility. Tomorrow's built environment may not resemble today's buildings any more than the great stone structures of the past have anything in common with today's steel and glass high-rises.

What is evident is that new construction techniques and building efficiencies are constantly being introduced. In many cases, these new

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It was a very challenging negotiation for Brook Walsh, NorthernMichiganEscapes.com founder, and Broker for BrookWalsh.com.

His client wanted to get top dollar on their sale and the buyer wasn't comfortable with that price.

Eventually, Brook used his real estate investment expertise to successfully negotiate the sale with the buyer through their agent.

ABOUT 615 HARBOR VIEW HILLS IN PETOSKEY'S EXCLUSIVE HARBOR VIEW HILLS COMMUNITY

Stunning custom built home with panoramic views of Little Traverse Bay! From the moment you walk inside you will know this is a one of a kind home where every detail has been attended to. Upon entering the front door you are greeted by a double-sided fireplace, gorgeous black walnut floors, and a…
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