{"id":301,"date":"2023-11-18T10:19:05","date_gmt":"2023-11-18T10:19:05","guid":{"rendered":"http:\/\/www.minnesotathinktank.com\/?p=301"},"modified":"2023-11-15T18:51:52","modified_gmt":"2023-11-15T18:51:52","slug":"michigan-land-selling-experts-navigating-your-success","status":"publish","type":"post","link":"http:\/\/www.minnesotathinktank.com\/michigan-land-selling-experts-navigating-your-success\/","title":{"rendered":"Michigan Land Selling Experts: Navigating Your Success"},"content":{"rendered":"
A new wave of predatory home buyers is targeting homes under contract in Detroit and other areas in the state, with activists urging lawmakers to pass laws to regulate sales. These “contract” purchases are based on seller financing, which allows buyers to purchase real estate without having to borrow money from a bank or other lender.<\/p>\n
With over 16 years of experience in the Upper Peninsula, Northern Michigan Land Brokers is a real estate brokerage firm that specializes in all types of residential, commercial and lakefront properties. The agency also provides services such as land acquisition, surplus disposition and leasing services.<\/p>\n
Michigan land buyers face unique challenges. Some are buying for the first time, and may be unfamiliar with the concept of a declining balance amortization schedule. Others have credit problems or are unemployed, and are more susceptible to high interest rates charged by predatory home loan companies.<\/p>\n
Despite these challenges, Michigan land brokers say that the state’s land market is thriving. During the last year, more than 100,000 parcels of land sold for as little as $5 per square foot. Mostly, the land was acquired from state surplus sales and auctions.<\/p>\n