New Construction Homes Novi - 3 Types of Insurance You Need

Your new construction homes Novi is an investment and it is important to protect each and every asset you own. Most of the time, there are various insurance plans which are helpful, and even necessary, when building your home. As an investor, you want to secure your funding you will use to purchase your home in advance.

Insuring new construction homes Novi MI can be done in any of these plans:

1.      Title Insurance. While scouring on different neighborhoods, you may have found the ideal place where you want to build your dream house. Now, before you buy that lot, make sure you do a title search. For legality’s sake, make sure that the purchase of this property is done correctly. You may be required to hire an attorney to make sure that the property that you are about to buy is actually owned by the person selling it. Hidden liens and forgeries will be researched even in old records. 

To prevent any problems, you can apply for title insurance. This protects the totality of your investment. Title Insurance does not cost much and will be beneficial for your new construction homes Novi.

2.      Homeowner’s Insurance. Lenders may require you to get this kind of policy, as an addition to your title insurance. Your homeowner insurance will protect you against property losses in case fires and weather-associated disasters occur. It is best to itemize all your property and all the valuable items should be appraised.

3.      Life Insurance. Now, this is may sound the least helpful of the lot, but this will definitely protect all of your assets. This type of plan secures the outstanding principal of the loan will be paid in all its totality at the death of the borrower, and the right life insurance protection will allow your dependents to keep that house in Novi MI that you are going to purchase, even after you are no longer able to provide for them.

When thinking to purchase any of these insurance types, keep in mind that policies are different between banks and other insurance companies. Ask your realtor to enlighten you about this topic and see if you need any of these. More information about this topic and more at:

Data Strategy Announces its Sixth Annual TechEx in Novi, Michigan at the Suburban Collection Showplace on April 30, 2013

(Courtesy of PR Web)
by Laura Stewart of Data Strategy

Data Strategy to provide customers with information on Business Continuity, End User Computing and Cloud Computing at its sixth annual Technology Exchange.

Grand Rapids, Michigan (PRWEB) March 14, 2013 - Data Strategy, LLC, a leader in Business Continuity, End User Computing and Cloud Computing, announced the sixth annual Technology Exchange to be held in Novi, Michigan at the Suburban Collection Showplace on April 30, 2013. This year, Data Strategy hopes to attract a record number of attendees, partners, press, analysts, sponsors and exhibitors signifying major interest from the Michigan IT industry in the trends and evolution of IT.

As Michigan’s largest free IT event, TechEx will feature 16 unique breakout sessions across four tracks from companies and customers driving innovation in the virtualization and cloud industries. Attendees will be provided with information on the leading trends in IT and strategies to adopt and integrate the technology.

Gregg DeWitt, President of Data Strategy, will kick off the event at 8:45am with introductions and an overview of the market pulse followed by a Keynote Speaker. More information on the event can be found at Data Strategy Technology Exchange 2013

About Data Strategy: Data Strategy was formed with a single focus; to provide clients with the ability to effectively manage their data, while controlling the costs resulting from server and data growth. As technology experts, Data Strategy’s competencies are concentrated around Business Continuity, End User Computing, and Cloud Computing.

Through successful projects across many different industries including healthcare, education, financial services, manufacturing, government, and retail, Data Strategy demonstrates the experience that qualifies them to deliver tailored solutions to support your organization's unique private and hybrid cloud requirements. From solution design to comprehensive implementation and support, partnership with Data Strategy helps to satisfy critical business objectives and achieve your desired technology outcomes. Data Strategy is headquartered in Grand Rapids, Michigan with offices in Grand Rapids, Troy and Indianapolis, IN. More information can be found at
About Suburban Collection Showplace -

The Suburban Collection Showplace, a state-of-the-art Exposition, Convention and Conference Center in Novi, Michigan, is owned and managed by Blair M. Bowman. The Suburban Collection Showplace offers approximately 320,000 square feet of space, including 30,000 square feet of meeting space. Other attractive amenities include a full-service kitchen capable of serving a sit down meal to 1,500 people, formal banquet halls, full service concession areas, two major atrium style entrances with 25,000 square feet of lobby space for pre-function and registration activities. For more information about the company, visit

Data Strategy is a registered trademark of Data Strategy, LLC in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies. The use of the word “partner” or “partnership” does not imply a legal partnership relationship between Data Strategy and any other company.

New Construction Novi Contract: Things to Consider Before Signing

Conquest Real Estate shares items to consider before one signs up for a new construction Novi contract.

Purchasing your first home can be emotionally drenching—it’s scary and exciting at the same time. Owning your own house just gives you the feeling of stability and security; it’s one of the most anticipated experiences of any individual who looks forward to settling down. Having a place to call your own, participating in a community you like, and a time to slowly ease into aging; these things complete life and we make it a point that comes to pass.

However, buying a new construction Novi MI is a major financial decision. Before signing on the contract, consider these factors Conquest Real Estate has listed down below:

·         Are you ready to move out? You may have a tendency to find a home in an area where you have previously lived. This may sound like a great idea, because you are familiar with the community, amenities and the climate. However, don’t limit yourself; go on and do your search around. You may find better neighborhoods which offer a great deal on lands other than what you have initially set your eyes on.
·         Are you committed to finance your new construction Novi? This is one of the biggest decisions you may ever make, but it could turn out to be one of the best, if done right. Set up a budget and stick to it; if you’re still in doubt, it is better to talk to your real estate agent about what potential financial convenience you may possibly have.
·         Are you prepared to work with a lawyer? Conquest Real Estate suggests you to have a legal advice from this professional before signing into an agreement. This will protect you from hidden costs by your builder. With this, you are assured that this is a right acquisition as your lawyer performs all the significant checks.
·         Are you ready to be pre-approved? This makes your negotiation with your builder easier as you know what house model is within your budget.

Buying a new construction Novi MI may involve a lot of work, but the labor is worth it. Know more about this matter by consulting Conquest Real Estate at

REAL ESTATE: Home prices rise 18 percent; sales decline

(Courtesy of The Press Enterprise)
by Debra Gruszecki

REAL ESTATE: Home prices rise 18 percent; sales decline

A report on the Inland real estate market shows an 18 percent spike in area house prices


New construction along commuter corridors have helped push up sales prices, as inventory loads in the Inland region remain in crunch mode.
0 0 0
AText Size

Southern California’s real estate market had its strongest February in six years, as a record share of homes sold to absentee buyers and the move-up market gained momentum.

There were 15,945 sales of new and resale houses and condos across Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, 1 percent more than February 2012 when 15,780 sales were logged in the six-county region, a new real estate information report says.

“We are at a six-year high since the start of the year,” said DataQuick analyst Andrew LePage.
Even so, sales in the Inland region declined, falling 5.9 percent in San Bernardino and Riverside counties to 4,792 from 5,093 in February 2012.

Realtors have blamed the decline — amid pent-up demand, increased consumer confidence and low mortgage lending rates — on sparse inventory.

The upshot of the sparse pickings has had a teeter-totter effect: It’s pushed the February median home sale price up more than 18 percent.

The median price of a home sold in Riverside County jumped to $228,000 from $193,000 in February 2012. In San Bernardino, the median sale price climbed to $175,000 from $148,000 one year earlier.

LePage agreed low inventory drives prices up, but he suggested that other factors are also in play.

Traditional buyers and sellers drop out of the market around the holidays, leaving the field open to a higher concentration of super-motivated customers who include investors.

Riverside County had 38.4 percent of all home and condo sales go to absentee or second-home buyers in February, a record since 2000 when this data began to be kept. San Bernardino County’s hit a record-high the month before with 38.9 percent of its sales going to absentee or second-home buyers.

The percentage of cash buyers rose, as well. February data reflected near-record cash-buy levels of 41.3 percent in Riverside County and 40.6 percent in San Bernardino County.

Also, move-up markets gained traction.

The median-price paid for all new and resale houses and condos sold in the six-county Southland was $320,000, up 20.9 percent from $264,750 in February 2012. The double-digit gains have been occurring consistently since last August.

Sales on homes priced between $300,000 and $800,000 rose 33.4 percent year-over year. The number of homes and condos that sold for $500,000 or more jumped 54 percent from February 2012, while sales of $800,000-plus homes increased 62.7 percent compared with one year earlier.

“Most every gauge shows prices are up significantly over the past year,” DataQuick president John Walsh said, before advising to keep price gains in proper context: The median sale price across Southern California region is still 37 percent below the 2007 peak of $505,000. It is trending about where the median was in mid-2003.

The move-up buyer pattern in February appeared to take a similar path in the Inland counties.
Total sales on Riverside County homes priced under $200,000 fell 30 percent from February 2012, LePage said. Homes and condos in the $300,000 to $800,000 price range rose 27.2 percent. Homes priced above $500,000 are up 19 percent in Riverside County, but still represent only 6 percent of all transactions.

Home sales at prices under $200,000 in San Bernardino fell 21 percent from February 2012, while sales in the $300,000 to $800,000 range rose 53 percent. “If you set the bar at $500,000 plus, the number of sales jumped 78.4 percent,” LePage said, “but only 5 percent of all sales were in this category.”

Warren Buffett to buy Prudential within 5 years

(Courtesy of Orange County Register)
by Jonathan Lansner and Jeff Collins

Billionaire investor Warren Buffett revealed in a recent letter to shareholders that he now owns 67 percent of an operation that runs the Irvine-based Prudential Real Estate chain.

And, he said, he will “purchase the balance of those operations within five years.”

It’s the first time any details have been revealed regarding the partnership between Buffett and Toronto-based Brookfield Asset Management.

Buffett and Brookfield announced in October that they were teaming up to form a new national real estate chain, Berkshire Hathaway HomeServices, with its headquarters in Irvine. It’s the first time the Berkshire Hathaway name will be used for a consumer brand.

According to Buffett’s March 1 letter to shareholders, Berkshire Hathaway’s existing real estate company, HomeServices of America, purchased 67 percent of the Prudential and Real Living franchise operations, which together license 544 brokerage companies nationwide.

The new Berkshire Hathaway HomeServices chain will become operational later this year, with Buffett’s Prudential franchisees converting to the new brand. Other Prudential offices will have the option to change brands or continue operating under the Prudential name and, presumably, its Rock of Gibraltar logo.

Meanwhile, the new chain unveiled its colors and logos this week at the Prudential Real Estate’s sales convention in Las Vegas.

Cabernet and cream will the be official colors, the company said. The font for new yard signs, business cards, logos and the new chain’s “quality seal” will be simple and clean.

Company officials call the new look timeless, reflecting “the brand’s classic heritage.”

“The new Berkshire Hathaway HomeServices logo exemplifies strength and elegance,” said Ron Peltier, chairman and CEO of HomeServices of America.

Said Earl Lee, CEO of HSF Affiliates LLC, which will operate the new chain: "The Berkshire Hathaway HomeServices brand identity is smart, distinctive and versatile for all markets and price ranges."


Novi New Construction Homes: 5 Money Saving Tips

Even with the uncertain economy, banks are less hesitant to loan money for the well-prepared homebuyer. The housing market has gone down, but with the prices still toward their historical low points there are more incentives for home buyers to purchase new homes, especially new construction in the right places.

Even real estate investors can benefit buying Novi new construction homes. While buying resale is becoming trickier, so is trying to build Novi new construction homes.  Therefore, many wonder whether they can afford building a new home or they should go for “second-best” while pursuing their dream house?

The truth is, you can buy a Novi new construction home, even in these difficult times. Homeowners, as Conquest Real Estate Group describes, are now going for more efficient, greener houses that makes buying new construction Novi MI homesa better choice than any available existing home in the market.

This is does not only create a new community of new, contemporary houses fit for the modern day lifestyle, but builders get the chance to innovate on their construction materials to produce good homes.

Interested to buy any of the Novi new construction homes for a little less money? Here are some potential money saving tips:
1.      Buy in the right location. Ensure that the land you purchase is able to have a house built on it without adding any other expenses, like blasting big rock piles or needing to create access to drinking water.
2.      Opt for the basics. The more square footage, the more expensive it will be to buy and to maintain.
3.      Find a good General Contractor.  If you have an extensive knowledge about home building, you can fill in as the general contractor. If not, then you can go and ask your real estate agent to help you find a pro who can work for you at a reasonable cost.
4.      Choose to use recycled materials. Not only is using recycled materials environmentally friendly, this can also save you a lot of money when building your new construction home.
5.      Adapt green building products in your home. An ENERGY STAR appliance will save you a big percentage from your energy usage.

Many people enjoy living in Novi new construction homes, but if you follow some or all of these steps, you can lower the cost of building one of the real estate gems and enjoy living in one even more.

To find out more how Conquest Real Estate can help you get one of those Novi new construction homes that you want, you can visit

Real-Estate News: Looking for Buys in Real-Estate Stocks

(Courtesy of The Wall Street Journal)
by WSJ Staff
Vance Fox
House of the Day: This mountain-style home, located in a luxury second-home community, was built with entertainment nooks for the young at heart.
Here is a look at real-estate news from the weekend and today in the WSJ:

Al Jazeera in Site Hunt: Al Jazeera has taken a look at the former New York Times building as part of its hunt for a New York headquarters for the U.S. cable channel it plans to launch in July, according to multiple people familiar with the matter.

The Commish: Helping Brokers in Need: The Realty Foundation of New York is one place brokers turn to when they are desperate for cash.

Looking for Buys in Real-Estate Stocks: Real estate, which led stocks into the ravine, is helping to lead them out of it.

Open House: Glen Cove: City Amenities, Small-Town Feel: For many residents, moving to Glen Cove means never having to leave.

House of the Day: This mountain-style home, located in a luxury second-home community, was built with entertainment nooks for the young at heart.