Date Archives: September 2022

Fivestar Lakeshore Blog Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Buying A Home | 2 Posts
Holland, MI | 20 Posts
Home ideas | 6 Posts
Mortgage | 36 Posts
Uncategorized | 113 Posts
West Michigan | 6 Posts
September
30

Important Days And Dates In October 2022

Every month has some important days and events to celebrate and honor the things which happened. October has some of the important events and days to celebrate and honor the cause and raise awareness on different diseases, events and remember sacrifices that were made in the past. some of them are:

1-October: International Day of the Older person  

Why &When: To honour older people who made significant contributions to society and raise awareness of challenges of ageing and problems faced by them in old age 

2-October: Mahatma Gandhi birthday, International day of non-violence

Why &When: The International Day of Non-Violence is marked on 2 October, the birthday of Mahatma Gandhi, leader of the Indian independence movement and pioneer of the strategy of non-violence and his crucial part in getting independence to India.

3-October: World Habitat Day

Why &When: observed on the first Monday of October of every year to show the state of our towns and cities and the fundamental right of all to a fair shelter.

4-October: World Animal Welfare Day

Why &When: protecting and providing shelter towards animals and taking care of them.

5-October: World Teachers Day 

Why &When-World Teachers day: to honour the teachers around the globe and their work towards the development of society.

7-October: World Cotton Day

 Why &When: reflecting the importance of cotton as a global commodity and it's in the textile sector 

8-October: Air Force Day

Why &When-Air Force DayEstablishment of Air Force in India.

9-October: World Post Day, World Migratory Bird Day

Why &When-World Post day: the anniversary of the  Universal Postal Union which was established in 1874 in the Swiss CapitalBern

Why &When-World Migratory Bird Day: global campaign devoted to raising awareness of migratory birds which comes from different parts of the world.

10-October: World Mental Health Day 

Why &When-World Mental Health Day: raising awareness of mental health problems around the world and maintaining good health.

11-October: International Day of the Girl Child

Why &When: the challenges girls face and to promote girls' empowerment and the fulfilment of their human rights.

12-October: World Arthritis Day

Why &When: to raise and promote awareness of the symptoms connected to rheumatic and musculoskeletal diseases (RMDs)

13-October: International Day for Disaster Reduction, World Sight Day

Why &When: to encourage a global society of risk-awareness and disaster reduction.
Why &When-World Sight Day: awareness of blindness and vision impairment.

14-October: World Standards Day, World Egg Day

Why &When: rewarding the collective accomplishments of specialists worldwide who develop the voluntary technical standards that are published as International Standards.

Why &When-World Egg Day: it is celebrated on the second Friday in October each year. For ages, eggs have played major part in sustaining families around the world.

 15-October: World Student's Day

Why &When: To acknowledge the birth anniversary of A. P. J. Abdul Kalam and his works towards the students 

16-October: World Food Day

Why &When: the establishment of the Food and Agriculture Organization of the United Nations in 1945

17-October: International Day for the Eradication of Poverty

Why &When: to raise awareness about poverty and its eradication by mutual help to one another.

20-October: National Solidarity Day

Why &When: a yearly remembrance of the armed forces which fought against China in 1962.

21-October: Police Commemoration Day 

Why &When: to honour the police which is seen as 'Police Commemoration Day to all Police Forces across the country.

24-October: United Nations Day, Raising day of Indo Tibetan Border Police, World Development Information Day

Why &When-United Nations Day: the anniversary of the UN Charter the founding document of the united nations which entered into force in 1945.

Why &When-Raising day of Indo Tibetan Border Police: The ITBP was meant for deployment along India's border with Tibet and their service towards the nation.

Why &When-World Development Information Day: the call to establish a global partnership to solve development difficulties around the world.

25-October: National Ayurveda day

Why &When: The Dhanvantari Jayanti, The Hindu God Dhanvantari is considered as the propagator of Ayurveda. The National Ayurveda Day is observed on his birthday 

27-October: Infantry Day

Why &When: the first regiment of the Sikh was airdropped from Delhi to Srinagar to liberate Kashmir.

31-October: Rashtriya Ekta Diwas(National Unity Day)

Why &When: Sardar Vallabhbhai Patel, the iron man of India who made unity among the states after independence to Mark this his birthday is celebrated as national unity day 

September
28

National Sons Day

National Sons Day is celebrated on September 28. It is a day to show appreciation for the boys in our lives, and for the parents of boys to reflect on how they are raising their children. All any parent want is for their children to grow up into people they can be proud of, and boys especially need strong role models to look up to and help them grow into confident, well-balanced, adult men. National Sons Day is a day to ensure that boys all over the country are getting the foundations, education, and all the support they need to have the best possible life as they grow up.

There is some debate around the date for National Sons Day. Historically, the date has been marked as September 28th, but since 2018 many also recognize March 4th as the official National Sons Day.

Background

The first attempt to create a National Sons Day occurred in the 1990s, as some people wanted a day that was similar to National Take Your Daughter to Work Day. A group called the National Sons Day eventually did create a National Take Your Sons to Work Day in 1998, but in 2003 the two days were merged into one.

The idea of a day to celebrate sons resurfaced in 2018 by the hand of Jill Nico, who wanted a day to honor sons and the people who raised them, much like National Daughters Day. As such, since 2018 many have also chosen to celebrate National Sons Day on March 4.

As the years pass, more challenges surface when it comes to raising boys. Parents should be aware that bringing up boys in these times takes a great level of guidance and communication, and they should be prepared for that. That is why National Sons Day is so important. There are many stereotypes surrounding the idea of what a man should be like, and many boys will struggle with that. It is the parent's responsibility to guide them through that and teach them values and kindness.

Both parents play an equally important role in the emotional development of boys, and they strive when they have a good relationship with both their mother and father as the maternal and paternal sides bring different contributions, so it is very important to cultivate those bonds. The lack of a mother or father figure can be attributed to developmental issues in later years.

Ultimately, the role of a parent is a challenging and important one. The hard work you put into raising your son won't only serve as a reflection of your parenting skills, it will also help them to become an upstanding and respected member of society.

What to do on National Sons Day

  • This is the perfect day to take some time to be with your sons. Talk to them about their school and life, learn more about them and their ambitions, and try to open the way to always have good communication between you. Make sure they know how supportive you are by letting them know that you're always there for them.
  • You can also show them how much you appreciate them by taking them to do their favorite activity. Whether that is going to the movies, going shopping, playing games or sports, or cooking, just make sure to spend some quality time together.
  • Apart from reflecting on the way that you are raising them from an emotional and personal perspective, you can also take this day to teach them some smaller, practical life skills, such as changing a tire, doing some DIY, and cooking a simple meal. Anything that will help them grow into a better, more confident person.
September
26

Your home may not be as clean as you think it is. Here's how to properly do a deep clean.

Sometimes your home reaches the point where your regular cleaning routine just won't cut it. When it seems like dirt and grime are accumulating everywhere, it's time to open up the windows, put on the cleaning gloves, and focus on the nitty-gritty aspects of cleaning.

While deep cleaning can be a lot of work, you'll feel so much better once you have a nice, clean, and shiny house. Our real estate agents often do a thorough deep clean twice a year: once in the fall and once in the spring. We recommend adding these tips into your fall deep cleaning routine this year:

Click Here to Read More...

September
21

35 Must-Visit Places for Amazing Michigan Fall Colors

& Tips to Maximize the Experience

The first time that you feel a crisp cool in the air, you know that it's time for the leaves to change in an explosion of orange, red, and yellow. One of the best states in which to experience fall is Michigan.

Bordered by four of the Great Lakes, the Mitten has no shortage of breathtaking views throughout the year. When autumn comes, though, going to see the Michigan fall colors makes for a wonderful relaxing or romantic getaway.

So if you're wondering when to go to Michigan for fall foliage, here's everything you need to know! Read on for tips on seeing autumn leaves, planning a trip to view the beautiful colors, and the best places to see them.

Where are the Best Places to See Fall Colors in Michigan?

We can't say that we know of any "bad" place to enjoy the fall colors in Michigan, but the Awesome Mitten contributors have been blessed to explore some pretty amazing places during the fall months, and we're eager to visit many of them ourselves.

From the shores of Lake Superior to the local breweries of Southwest Michigan, our writers will have you dreaming of a fall you'll never forget… and you might discover a new-to-you town to go visit along the way!

Let's take a look at where the best places to see fall colors in Michigan are…

P.S. If we miss your favorite fall destination in Michigan, be sure to comment below and let us know where you like to enjoy fall in Michigan!

Best Places to Visit in the Upper Peninsula for Fall Foliage in Michigan

Explore the US-41 Tree Tunnel into Copper Harbor

The fall colors in the Copper Harbor area are some of the most colorful in the state. There's no better way to experience the sheer beauty of those colors than by taking a drive through the "tunnel," US-41 into Copper Harbor. This canopy of color is breathtaking and makes for a great drive on a perfect fall day.

See Vibrant Fall Colors Around Marquette

Nestled right on the shore of Lake Superior, there are lots of great places to see fall colors in and around Marquette.

You can stroll along the Lake Superior shoreline or go chase some waterfalls. Morgan Falls is just outside Marquette, it's pet friendly and the decline to the falls is only a short distance.

You can also go for a scenic drive. If you're up for a little adventure, drive down County Road 510. It's unpaved and well-traveled during the fall, but the colors are brilliant and you can get a great view from the CR 510 Bridge.

Explore the Ghost Town of Fayette

Fall can be experienced in all kinds of ways in Michigan. One of the most interesting ways is to stop in the ghost town of Fayette. It's about an hour from Escanaba and a ghost town surrounded by fall color makes for a striking contrast.

While you're there, be sure to stop at the overlook at Snailshell Harbor. You'll get an awesome view of the fall colors, a great look at the town itself, and you'll see the limestone bluffs that surround it.

Experience the Majesty of Kitch-iti-kipi

Known as the Big Spring, travel to Palms Brook State Park in Manistique to see one of the most beautiful natural wonders in the state.

This 40-foot natural spring is beautiful to see at any time of the year, but it's even more beautiful in the fall when it's surrounded by majestic fall colors. Savor the drive to the spring and make sure to take lots of pictures.

See Fall Colors at the Soo Locks

There are a lot of great places around Sault Ste. Marie to see fall colors, including at Tahquamenon Falls. But you don't have to travel outside the city to enjoy the colors.

In downtown Sault, you can visit Soo Locks State Park. If you're lucky, you'll get a twofer: you can see the fall colors and see a freighter going through the Soo Locks. If you walk along the shore, you may just find a few more spots to enjoy the colors.

Porcupine Mountains Wilderness State Park in Ontonagon

Covering about 60,000 acres of land, Porcupine Mountains Wilderness State Park is one of the few major wilderness areas in the Midwest. It's home to miles of streams and rivers, several waterfalls, and old hemlock-hardwood forests along Lake Superior, which offer an unrivaled natural beauty in the fall.

There's a Summit Peak observation tower, an 18-hole disc golf course, more than 90 miles of hiking trails, and several campgrounds to keep you busy.

Fall at Keweenaw National Historical Park in Calumet

Northeast of the Porcupine Mountains Wilderness State Park and in the center of the Keweenaw Peninsula, Keweenaw National Historical Park in Calumet is a special place that tells the story of copper mining in this part of the Upper Peninsula. Its mission is to preserve the landscapes and other resources, which is why it's such a beautiful place to visit in the fall.

You can turn the visit into a scenic drive through the Keweenaw hills and charming towns.

Pictured Rocks National Lakeshore in Munising

As we consider the best times to catch the changing colors of fall, we continue our Michigan fall color tour in Michigan's Upper Peninsula. The town of Munising along Lake Superior is best known for its waterfalls and Pictured Rocks National Lakeshore. It is also home to the Au Sable Lighthouse.

Breath-taking beauty awaits you at every turn during fall in Munising. Whether you go for a drive through a canopy of color, you brave the chilly water of Lake Superior for a water-view of the golden topped cliffs, or you hike to one of the area's majestic waterfalls, you will stand in awe of the beauty of fall in this deciduous tree-laden paradise.

Also along Lake Superior, the deep forest of Pictured Rocks National Lakeshore offers a picturesque view of Michigan's fall foliage. The park features dunes, inland lakes, waterfalls, and a wild shoreline with beaches and sandstone cliffs.

Fall at Tahquamenon Falls State Park in Paradise

With the Tahquamenon River at its center, Tahquamenon Falls State Park stretches across 50,000 acres. At almost 50 feet, its Upper Falls is one of the biggest waterfalls east of the Mississippi River. In addition, its Lower Falls consists of five smaller waterfalls that cascade around an island.

The River Trail connects the falls, and the mostly undeveloped park makes getting great pictures of the fall colors a breeze.

Visiting Mackinac Island in the Fall

Sitting in Lake Huron between the Upper and Lower Peninsulas of Michigan, Mackinac Island is a delightful place to visit during the fall. There are fewer tourists compared to the summer, which makes walking around the island more enjoyable while you soak up the hues of amber and crimson in the trees.

You could even take a carriage ride, go horseback riding or savor a picnic downtown at Marquette Park.

Where to See Michigan Fall Colors in the Northern Lower Peninsula

Road Trip on the Tunnel of Trees Scenic Heritage Route

One of the most scenic road trips for viewing the fall foliage in Michigan is via the Tunnel of Trees Scenic Heritage Route. Otherwise known as M-119, this historic route runs for about 30 miles along Lake Michigan. It starts at Cross Village, where a bluff with a giant white cross overlooks the lake.

The Tunnel of Trees passes through Good Hart, Middle Village, and Harbor Springs before reaching Petoskey. Along the way, there are plenty of places to stop for hiking, taking pictures, and shopping.

Ocqueoc Falls Bicentennial Pathway in Ocqueoc Township

Passing through Ocqueoc Township, the Ocqueoc Falls Bicentennial Pathway is the best way to see Ocqueoc Falls, the biggest waterfall in the state's Lower Peninsula. The pathway has four loops, which range from 3 miles to 6 miles long and are suitable for biking and hiking.

The towering hardwoods and pines provide an awesome backdrop of fall colors for pictures.

Leelanau State Park in Northport

Located at the tip of the Leelanau Peninsula in Lake Michigan, Leelanau State Park has 8.5 miles of foot trails that encompass you in the fall foliage of Leelanau County.

With more than 1,500 acres, the park features a picnic area, rustic campground, and Grand Traverse Lighthouse, which is a historic monument. You can tour the lighthouse and museum, which offers treasure hunts and has a gift shop.

Sleeping Bear Dunes National Lakeshore in Maple City

While Sleeping Bear Dunes National Lakeshore is known for its bluffs, sand dunes, and sandy beaches along Lake Michigan, it features inland lakes and lush forests that satisfy your craving for those Michigan fall colors.

If you're just passing through, take a detour on Pierce Stocking Scenic Drive in Empire for a dazzle of color. You can stop and enjoy the stunning views at the Dunes Scenic Overlook, too.

Trek the Corsair Trails near Tawas

The Corsair Trails are renowned for being one of the best cross-country ski networks anywhere. But in the fall, it provides a fun and adventurous way to see the beauty of a Michigan fall.

The trail network has three trailheads, each of which is just a few miles northwest of East Tawas. There are over 26 miles of trails and loops to explore, so it's perfect whether you want to spend a day or a whole weekend.

See the Best of Lake Michigan Fall Color in Ludington

One of the best Lake Michigan towns to experience fall is Ludington and there are lots of spots to check out.

The Ludington School Forest offers more than five miles of trails where you can bike and hike to take in all autumn has to offer. Ludington State Park is also great for recreation and has more than 18 miles of trails, more than 5,300 acres of forest, and much more.

Take a Fall Ride on the Silver Lake Sand Dunes

West Michigan is blessed every year with amazing fall colors and places like Silver Lake are the best spots to see the fantastic yellow, green, and red colors.

The Silver Lake Sand Dunes are a fun and scenic place to see the fall colors. You can take an off-road vehicle for a spin on the dunes or take a guided tour. You"ll be able to see Silver Lake and Lake Michigan and the majestic fall colors surrounding them.

See Breathtaking Views in Gaylord

Gaylord is, in a word, exquisite in fall and there are several places where you can bike, hike, or paddle to see the best of the season.

But for truly breathtaking fall vistas, there are two locations to go. Treetrops Resort in Gaylord is well-known for its golf courses, but it also provides one of the best fall views in all of Otsego County. The Sturgeon River also offers awe-inspiring views and is a great way to experience fall from a different point of view.

Travel the In-Town Cadillac Fall Color Route

Cadillac's in-town Cadillac Route is a great way to enjoy fall in downtown Cadillac. The 7-mile Cadillac Foot and Bike Path offers a chance to explore downtown and continue on to Lake Mitchell at the edge of the Manistee National Forest.

The Around Cadillac loops allow visitors to visit numerous scenic overlooks, farm markets, and hiking experiences. These routes offer the best of everything as you cross the Pine and Big Manistee rivers.

Visit Hartwick Pines State Park in Grayling

The contrasting hardwood and evergreen forests of Northern Michigan are something spectacular to behold in the fall and Grayling is the perfect place to see it all.

Head down M-93 or I-75 to Hartwick Pines State Park. Here you can bask in the colors of fall while enjoying a leisurely bike ride or hike on a crisp fall day. Hartwick Pines is one of the biggest state parks in Michigan's Lower Peninsula and it's hard to match its beauty.

Fall Things to Do in Alpena

As the Sanctuary of the Great Lakes, Alpena is the place where history and heritage collide with relaxed outdoor adventure. With its claim to fame being its position on the 45th Parallel (halfway between the North Pole and the Equator), Alpena is situated on the shores of Lake Huron in northern Michigan and is home to the nation's only freshwater marine sanctuary.

Centrally located to 7 lighthouses, and boasting 1000+ miles of shoreline, 43K+ acres of state forest land, 300K+ acres of open water, and more than 2 dozen parks, Alpena is a must-explore fall destination in northern Michigan.

Aside from exploring four hiking trails, you can tour the 80-foot-tall Alpena Light on Thunder Bay River. Also called Little Red, the lighthouse is believed to be the only one of its kind in the country.

Destinations for Viewing Fall Foliage in the Southern Lower Peninsula

Visit Mt Pleasant's Exciting Park System

Great fall colors can be found anywhere in Michigan, even in Mount Pleasant in central Michigan. One of the best spots in the Mount Pleasant area is the Bundy Hill Preserve in Remus. There are two miles of trails to explore and you can scale the highest point in Isabella County at 1,270 feet.

You can also see fall beauty at Deerfield Nature Park in Remus, where you'll find a covered bridge, disc golf courses, and more.

Mount Pleasant's park system is also a great way to explore the city and see fall colors. There's space for skateboarding, picnicking, playgrounds, horseshoe pits and so much more. They're the perfect spots for fall family outings.

Explore the Thumb Coast in Port Huron

The gateway to Michigan's thumb coast is a great place to visit for fall color. In fact, it may be one of the state's best-kept secrets.

Fall is the prime time to see gorgeous autumn hues and you can't go wrong with driving along M-25. The roadway actually ends in Port Huron, but while you're in town you can take a gander at Fort Gratiot.

See the Best of Nature in Port Austin

If Michigan's fall colors are your thing, hop on M-25 in Port Huron or head north on M-53 and head to Port Austin. The drives are picturesque and the colors stretch for miles as you drive along the Lake Huron coastline.

Stop into town to visit the seasonal farmer's market or visit for one of Port Austin's fun events.

If you want to get back to nature, check out the hiking trails at Huron County Nature Center and Wilderness Arboretum or Port Crescent State Day Use Park. When it comes to nature, you can't be the views the Nature Center offers, especially in the fall.

Take a Ride With BaySail in Bay City

One of the best ways to experience fall in Bay City is on the water with BaySail. This allows visitors to take a sailing trip on the Saginaw River and Saginaw Bay.

The boats typically depart from downtown Bay City, and you'll be able to see fall colors in a completely different way. You can bring the whole family or charter an entire ship for a private cruise or private dinner.

The Bay City Recreation Area is also a great place to see a decent amount of fall colors when conditions are right.

Leaf Peep at For-Mar Near Flint

If your idea of a fun day is hitting the trails and going on a fall hike, For-Mar Nature Preserve near Flint has you covered. The preserve and arboretum, which opened as a county park in 1970, has seven miles of trails to explore.

The arboretum stretches over 116 acres and features more than 1,800 different specimens of more than 150 species. If you love plants, trees, shrubs, and other flora and fauna, you'll be amazed at all that you see here during the fall months. You'll want to take your time to make sure that you see it all.

Coopersville & Marne Railway Train Rides

A fun way to see Michigan fall colors is to hop on a Coopersville & Marne Railway train. The railway operates vintage passenger trains with cars from the 1920s. From Coopersville, the train rides take you about 7 miles to Marne.

The track travels through fields and farms, and it crosses over four creeks and two bridges. The Famous Pumpkin Train is popular for its fall-themed entertainment.

Holland State Park in Holland

Known for its beaches on Lake Macatawa and Lake Michigan, Holland State Park has many fall activities to offer. There are campgrounds, paddle rentals, fishing, and a playground.

The iconic Holland Harbor Lighthouse, also called Big Red, is a beautiful setting for sunsets. However, you get the best look at the fall foliage while walking the nearby Mt. Pisgah Dune Boardwalk.

Fall Things to Do in Saugatuck

Saugatuck is a unique place to visit if you want to see fall colors in Michigan. With miles of Lake Michigan beaches and shorelines in southwest Michigan, this city is full of character and culture, and it has some of the best beaches in the world.

An excellent thing to do here in the fall is to explore Saugatuck Dunes State Park, which has more than 12 miles of trails through rolling hills and steep slopes.

You can also take a colorful hike up the Mount Baldhead Park trail to Mount Baldhead, which offers a panoramic view of the lake.

Fall in Kalamazoo

Named one of the top 10 affordable outdoorsy cities in the country, Kalamazoo is a perfect fall destination for Michiganders. Just 45 minutes from Lake Michigan in the southwest corner of the Lower Peninsula, this vibrant city has something for everyone to enjoy this fall.

Whether you take a hike through one of the many nature centers, visit a local pumpkin patch or apple orchard, or meander through the streets of downtown Kalamazoo, you'll be invigorated by the fresh air of fall in this beautiful city.

Whitehouse Nature Center at Albion College

Whitehouse Nature Center is a special place for seeing the changing leaves because it's located on a college campus. It's the only classroom that stretches across 140 acres, and it has a river, more than 400 plant species, and 5 miles of trails.

The River's Edge Trail follows the Kalamazoo River. You can visit live exhibits of amphibians and reptiles in the center as well.

Road Trip on Huron River Drive Between Dexter and Ann Arbor

Leading you through the trees and across the Huron River, Huron River Drive gives you an excellent glimpse of the fall colors. It runs alongside the river, and the stretch between Dexter and Ann Arbor is ideal for cycling.

Along the way, you can stop at the Dexter Cider Mill for hand-picked apples, apple cider, doughnuts, pastries, and hard cider. Further down is the Delhi Metropark in Ann Arbor, which has 52 acres of oak trees.

Fall in Ypsilanti

Just east of Ann Arbor along the I-94 corridor, the Huron River runs through the town of Ypsilanti. Riverside Park, a nearly 14-acre park along the Huron River connects downtown Ypsilanti with Depot Town and is full of fall color during the months of October and November.

"Ypsi", as it's affectionately known, has a rich history, which shines through in its vibrant shopping, dining, and entertainment scenes – and is inspiring a resurgence of visitors from near and far. Two main districts, Downtown and Depot Town, are historic areas infused with innovative, bohemian, locally-driven businesses.

Sometimes overlooked because of its more famous neighbor (Ann Arbor, Michigan), Ypsilanti has its own inimitable, groovy, authentic ambiance worthy of a weekend fall getaway.

September
16

National Guacamole Day 

MOLE DAY TIMELINE

1500s
Aztecado

The Aztecs make a spread with avocados called "ahuaca-mulli" or "avocado sauce."

1833
First in Florida

Avocado trees are first planted in Florida and three years later, they're cultivated in California.

1935
The Hass Is born

Rudolph Hass originates the term, "Hass Avocado," after purchasing a seedling from a farmer. Today, Hass is the most popular avocado variety in America.

2014
Avocados for days!

American consumption of avocados jumps from 1 to 7 pounds per capita within 20 years.

NATIONAL GUACAMOLE DAY ACTIVITIES

  1. Make some fresh guacamole

    You can really get into the celebratory spirit of National Guacamole Day by actually making it at home. Select some ripe avocados at the store by squeezing each one gently. Ripe avocados will yield to gentle pressure. At home, cut your avocados open, remove the stones and spoon the green flesh into a bowl. Smash with a fork or handheld mixer and stir in some onion or a splash of salsa for extra flavor.

  2. Go on a guacamole tour

    Ready for a guacamole extravaganza? Hook up with some friends and try to visit at least three restaurants on National Guacamole Day. Sample the guac at each place to decide which one you like best.

  3. Add some guacamole to your food

    Whether you made some fresh or brought home guacamole from the store, you can celebrate National Guacamole Day simply by eating some guac. But why stop there? Guacamole has been a source of inspiration for fusion cuisine the world over, and National Guacamole Day is your time to get creative. Whatever you were planning to make for dinner, find room to add a little guacamole to the meal. Dollop some guacamole onto your chicken or try something truly crazy! Who's ready for guacamole mac-and-cheese?

WHY WE LOVE NATIONAL GUACAMOLE DAY

  1. Guacamole is healthy and delicious

    Whether you like it plain or spicy, guacamole is one of those foods that's easy to love. The avocado is rich in the good fats that help reduce cholesterol and when avocado is mashed, the texture is creamy, bringing out all the amazing flavor. Then, add onion, tomato, cumin and cilantro.

  2. It's not just for Mexican food

    Guacamole originated as a Mexican side dish. Due to its health benefits and great flavor, guacamole has grown in popularity throughout the world, especially in the United States and Canada. Now there's guacamole fusion. Look for it on salads, as sandwich spread and even on pizza!

  3. It gives you a reason to eat guacamole

    Okay, so a lot of us probably don't need a special reason to eat guacamole. But most of us still associate guacamole with Mexican cuisine. Despite a ton of innovative ways to incorporate guacamole into other types of food, we may hesitate to try those fusions at home. But whether you like classic guacamole or you're obsessing over the turkey and guacamole croissant sandwich, National Guacamole Day is a great reason to include this healthy, high-vitamin food in your diet.

NATIONAL GUACAMOLE DAY DATES

Year Date Day
2022 September 16 Friday
2023 September 16 Saturday
2024 September 16 Monday
2025 September 16 Tuesday
2026 September 16 Wednesday
September
12

Holland is full of spots to find a tasty burger. Here are the restaurants you have to visit.

If you've been craving a juicy cheeseburger lately, then you might want to make plans to stop by your favorite Holland restaurant on September 18th. It just happens to be Cheeseburger Day

While burgers are a staple of American cuisine, many people believe this delicious creation actually originated in Germany in the early 1900s. Since then, burgers have become a mainstay of many menus around the world. From diners to bars and grills, almost every traditional American restaurant does its own spin on a good burger.

In honor of Cheeseburger Day, our real estate agents pulled together a list of top burger destinations around Holland:

  • Hops at 84 East - 84 E 8th St, Holland, MI 49423
    One of Holland's premier burger destinations, Hops 84 East has everything you want in a traditional downtown craft beer bar and grill, but their award-winning Trumpet Burger is a must-try. This 70:30 grind of brisket and Pebble Creek mushrooms is topped with bacon, Roelli Red Rock cheddar bleu, pickled shallots, arugula, and duck mayo. If you enjoy your meal and want to come back, you might be interested in one of these nearby Holland homes for sale.

  • Windmill Restaurant - 28 W 8th St #220, Holland, MI 49423
    This homey traditional American diner offers counter-style seating and grills up some delicious burgers for lunch. Choose from a 1/4 lb. or a 1/2 lb. burger, and add your favorite toppings at Windmill Restaurant. Or, try the 3 Star Burger — a 1/4 lb. burger with grilled onions, mushrooms, and green peppers. Veggie burgers and black bean burgers are available as well.

  • Big E's Sports Grill - 121 E 8th St, Holland, MI 49423
    A classic Michigan sports bar, Big E's Sports Grill is the go-to place to catch the game, have a beer, and enjoy a great burger. The menu features 6 "Gridiron Classics," such as the Screamin' Demon (volcanic sauce, jalapenos, and pepper jack cheese) or the Hawaiian (grilled pineapple, provolone cheese, teriyaki sauce, and fried onion). You'll also find an extensive draft list making it easy to pair your beer with your favorite brew.

  • Brann's Steakhouse And Grille - 12234 James St, Holland, MI 49424
    The Pretzel Burger at Brann's Steakhouse And Grille is always one of our favorites. This burger is served on a gourmet pretzel bun and is topped with smoked bacon, aged cheddar, fried egg, mayo, lettuce, and tomato. Just make sure to save room for a Brownie Sundae or Cookie Monster for dessert!

  • HopCat - 80 W 8th St, Holland, MI 49423
    With two burgers named after University of Michigan players, HopCat had to make the list. First up is the Erick All burger, which is two smash patties, American cheese, haystacks, bacon, lettuce, and tomato. The second is the Payton Thorne burger, which adds a sunny-side-up egg and a pretzel bun. Both are delicious!

  • Beechwood Grill - 380 Douglas Ave, Holland, MI 49424
    This cabin-style restaurant grills some of the best burgers in town. Choose from The All American, Boursin Bacon Burger, Olive Burger, or the Rise N Shine Burger at Beechwood Grill. Draft beer, wine, and cocktails are available, and be sure to check out the Happy Hour drink specials Monday through Saturday from 3 pm to 5 pm.

Great dining options are just one of our favorite things about living in Holland. Contact us today to schedule a tour of one of our spectacular local listings.

September
9

Mortgage and refinance rates today, Sep. 9, 2022

Today's mortgage and refinance rates

Average mortgage rates moved lower again yesterday. It wasn't a big fall by recent standards, but it was a worthwhile one. If your lender didn't drop your rate yesterday, it might well this morning.

Mortgage rates today look likely to fall again. And, if that trend continues as the hours pass, those for conventional, 30-year, fixed-rate mortgages should end the day back below 6%.

Find your lowest rate. Start here (Sep 9th, 2022)

Current mortgage and refinance rates

Program Mortgage Rate APR* Change
Conventional 30 year fixed 6.173% 6.205% +0.13% 
Conventional 15 year fixed 5.266% 5.3% -0.24% 
Conventional 20 year fixed 6.197% 6.259% +0.07% 
Conventional 10 year fixed 5.687% 5.797% -0.03% 
30 year fixed FHA 6.019% 6.89% +0.26% 
15 year fixed FHA 5.563% 6.17% -0.09% 
30 year fixed VA 5.778% 6.007% +0.09% 
15 year fixed VA 5.697% 6.05% -0.15% 
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

Should you lock a mortgage rate today?

Don't lock on a day when mortgage rates look set to fall. My recommendations (below) are intended to give longer-term suggestions about the overall direction of those rates. So, they don't change daily to reflect fleeting sentiments in volatile markets.

Unfortunately, a couple of days of better news about mortgage rates isn't enough to persuade me they're likely to fall significantly for a sustained period over the next few months.

So, my personal rate lock recommendations remain:

  • LOCK if closing in 7 days
  • LOCK if closing in 15 days
  • LOCK if closing in 30 days
  • LOCK if closing in 45 days
  • LOCK if closing in 60 days

Market data affecting today's mortgage rates

Here's a snapshot of the state of play this morning at about 9:50 a.m. (ET). The data, compared with roughly the same time yesterday, were:

  • The yield on 10-year Treasury notes rose to 3.30% from 3.25%. (Bad for mortgage rates.) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields
  • Major stock indexes were higher soon after opening. (Bad for mortgage rates.) When investors are buying shares, they're often selling bonds, which pushes prices of those down and increases yields and mortgage rates. The opposite may happen when indexes are lower. But this is an imperfect relationship
  • Oil prices climbed to $85.86 from $83.23 a barrel. (Bad for mortgage rates*.) Energy prices play a prominent role in creating inflation and also point to future economic activity
  • Gold prices increased to $1,725 from $1,722 an ounce. (Neutral for mortgage rates*.) It is generally better for rates when gold rises and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower
  • CNN Business Fear & Greed index — moved up to 45 from 40 out of 100. (Bad for mortgage rates.) "Greedy" investors push bond prices down (and interest rates up) as they leave the bond market and move into stocks, while "fearful" investors do the opposite. So lower readings are better than higher ones

*A movement of less than $20 on gold prices or 40 cents on oil ones is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.

Caveats about markets and rates

Before the pandemic and the Federal Reserve's interventions in the mortgage market, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. But that's no longer the case. We still make daily calls. And are usually right. But our record for accuracy won't achieve its former high levels until things settle down.

So use markets only as a rough guide. Because they have to be exceptionally strong or weak to rely on them. But, with that caveat, mortgage rates today look likely to fall. However, be aware that "intraday swings" (when rates change direction during the day) are a common feature right now.

Find your lowest rate. Start here (Sep 9th, 2022)

Important notes on today's mortgage rates

Here are some things you need to know:

  1. Typically, mortgage rates go up when the economy's doing well and down when it's in trouble. But there are exceptions. Read 'How mortgage rates are determined and why you should care'
  2. Only "top-tier" borrowers (with stellar credit scores, big down payments and very healthy finances) get the ultralow mortgage rates you'll see advertised
  3. Lenders vary. Yours may or may not follow the crowd when it comes to daily rate movements — though they all usually follow the broader trend over time
  4. When daily rate changes are small, some lenders will adjust closing costs and leave their rate cards the same
  5. Refinance rates are typically close to those for purchases.

A lot is going on at the moment. And nobody can claim to know with certainty what will happen to mortgage rates in the coming hours, days, weeks or months.

Are mortgage and refinance rates rising or falling?

The chances of the Federal Reserve hiking general interest rates by 75 basis points (0.75%) on Sep. 21 increased yesterday. The Financial Times summed up the situation in a subhead: "Fed chair doubles down on hawkish message and says central bank needs to act 'forthrightly'"

You might have thought markets would have gotten the message the first 10 times Chair Jerome Powell said this. But some apparently still think he's bluffing. So, there he was again yesterday, saying the same thing.

It is very much our view, and my view, that we need to act now forthrightly, strongly, as we have been doing, and we need to keep at it until the job is done.
— Fed Chairman Jerome Powell, Sep. 8, 2022

Fed and MBSs

One of the main reasons mortgage rates plumbed new lows during the pandemic was that the Fed bought industrial quantities of mortgage-back securities (MBSs), the type of bond that largely determines those rates. As of yesterday, it owned $2.7 trillion of MBSs.

The extra demand created by the Fed pushed up the price of MBSs, which inevitably pulled down their yields — and therefore mortgage rates. This was part of the process called "quantitative easing" (QE). But we're now in a period of "quantitative tightening" (QT).

For a while earlier this year, I was worried that the Fed might dump too many of its MBSs into the bond market over a relatively brief period, pushing up mortgage rates even higher when they were already rising. But that probably hasn't happened much.

The quantity the Fed can sell each month will rise this month to $35 billion. That's a lot, but not compared to its $2.7 trillion holding.

And, yesterday, the New York Fed said it expected sales within a "range between $20 and $30 billion over the next several months." Click that link if you want a peek under the hood.

So, I'm not expecting the Fed's runoff of its MBS assets to affect mortgage rates too much over the rest of this year. That's good. But the risks from persistent inflation and the Fed's rate hikes remain.

And I still suspect that mortgage rates won't fall far or for long between now and 2023. But some experts disagree: see Fannie Mae's and the Mortgage Bankers Association's forecasts below.

Read the weekend edition of this daily article for more background.

Over much of 2020, the overall trend for mortgage rates was clearly downward. And a new, weekly all-time low was set on 16 occasions that year, according to Freddie Mac.

The most recent weekly record low occurred on Jan. 7, 2021, when it stood at 2.65% for 30-year fixed-rate mortgages.

Rates then bumbled along, moving little for the following eight or nine months. But they began rising noticeably that September. Unfortunately, they've been mostly shooting up since the start of 2022, although they've been kinder since May.

Freddie's Sep. 8 report puts that same weekly average for conventional, 30-year, fixed-rate mortgages at 5.89% (with 0.7 fees and points), up from the previous week's 5.66%.

Note that Freddie expects you to buy discount points ("with 0.8 fees and points") on closing that earn you a lower rate. If you don't do that, your rate would be closer to the ones we and others quote.

Expert mortgage rate forecasts

Looking further ahead, Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.

And here are their current rate forecasts for the remaining two quarters of 2022 (Q3/22, Q4/22) and the first two quarters of next year (Q1/23, Q2/23).

The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie's forecast appeared on Aug. 22 and the MBA's on Aug. 23. Freddie's came out around Jul. 21. But it now releases forecasts only quarterly. So, expect its figures to look stale soon.

Forecaster Q3/22 Q4/22 Q1/23 Q2/23
Fannie Mae 5.1% 4.8%  4.7% 4.5%
Freddie Mac 5.5% 5.4%  5.2% 5.2%
MBA 5.3% 5.2%  5.1% 5.0%

Of course, given so many unknowables, the whole current crop of forecasts might be even more speculative than usual. And their past record for accuracy hasn't been wildly impressive. Personally, I think they're too optimistic.

Find your lowest rate today

You should comparison shop widely, no matter what sort of mortgage you want. As federal regulator the Consumer Financial Protection Bureau says:

"Shopping around for your mortgage has the potential to lead to real savings. It may not sound like much, but saving even a quarter of a point in interest on your mortgage saves you thousands of dollars over the life of your loan."

Verify your new rate (Sep 9th, 2022)

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.

September
7

Is Professional Home Staging Worth the Cost?

Home staging has become a "must-do" for many sellers, as 82% of buyer's agents said home staging makes it easier for prospective buyers to visualize the property as a future home.1

 Staged homes have also historically sold faster and for more money than those that are not staged.2 Let's dive into the benefits of staging, the costs of having a company stage your home, and why for many sellers it is worth the cost.

KEY TAKEAWAYS

  • Home staging is the curated furnishing and prepping of a home that is for sale on the real estate market.
  • The goal of home staging is to create a believable, clean, attractive living space that buyers can envision living in.
  • Proponents say that staging a home can increase a home's selling price and the likelihood that it will sell quickly as it helps prospective buyers better imagine how they can use the livable space.
  • Staging, however, comes with a cost: you will have to pay the stager as well as pay for the rental for furnishings and home accents while the house remains unsold.
  • While many have benefit from professional home stagers, you can choose to stage your home by yourself or rely on some feedback from your real estate agent.

What Is Staging? 

Home staging is a marketing strategy that temporarily refits your home with furniture, art, and other décor to make the visual space more appealing to prospective buyers. The goal of staging is to flatter the property, accentuate the strengths of the home, and give interested parties the ability to visualize themselves living in the space.

Good staging companies strive to make over a property without being obvious. A high quality staging job is beautiful without being obvious, as the intent isn't to deceive a buyer or have an interested party feel like a staging job is attempting to hide a home's flaws.

Staging is also practical as it allows other people to see spaces and how they may be used. Using furniture and property that you do not own, staging companies can demonstrate how awkward spaces can be used, what pieces go well in what areas, and how to most efficiently lay out a room.

How Home Staging Works

Home staging isn't putting a bunch of fancy furniture in your home. It's a deliberate marketing strategy with specific objectives that drive a higher real estate prices. Home staging may be more appropriate for home buyers that think they may benefit from any of the following improvements. Home staging:

  • makes your home look clean and organized.
  • strives to have rooms look bigger.
  • makes your home feel more welcoming.
  • utilizes all space, adding functionality to each room and corner.
  • modernizes your living space through new, creative furnishings.
  • depersonalizes your home and attempts to have the buyer image themselves in the space.
Home staging companies often have a number of requirements and clauses in their contracts. Make sure you're aware of whether they require all utilities to be connected, what notification periods are needed, and what cleanliness requirements they have prior to staging.

Benefits of Staging

Sellers often pursue home staging for several specific benefits. For one, staging makes it easier for potential buyers to see themselves in the home. Instead of having an empty space, staged homes have dining rooms, bedrooms, and other personal settings set up for buyers to see and imagine themselves in.

Staged houses also have the benefit of appearing clean. Staging companies own a plethora of furniture and goods, and they often ensure all property is maintained and looks professional. A staged home reduces clutter, removes personal items of the seller, and likely involved cleaner furniture than what the seller owns.

A stager can help with your online listing, too, as 93% of home buyers use the Internet during their home search.3 That means your home had better show really well online. Staging and photos by a professional can help create a beautiful digital marketing portfolio that entices buyers without needing them in the physical space.

Staging is used to demonstrate that a home is move-in ready. By demonstrating that the house can be set up and livable, staged homes are often more appealing to buyers as these houses may come across as needing less repairs or maintenance prior to being fully useful.

How Staging Affects Time on Market

The Real Estate Staging Association (RESA) has a staging savings calculator that lets you figure out how much time and money (mortgage payments, carrying costs, etc.) you save if you stage your home before listing it. They found that homes that had not been staged before listing sat on the market for an average of 143 days.4 Once these homes were staged, they sold in 40 days. In addition, homes that were staged pre-listing averaged just 23 days on the market.5 Though every market and property is different, a home is more likely to sell faster if it is staged.

Timelines will vary greatly between markets, especially during busier or slower seasons. In general, an average home can be staged in 1-2 days. It's advised to contact a stager at least 2-3 weeks prior to a listing to ensure ideal inventory is on hand for your home.

How Staging Affects Sale Price

Staging a home also impacts the sale price. According to the National Association of Realtors, 23% of buyers' agents said that home staging raised the dollar value offered by between 1% and 5% compared to home that had not been staged. 18% of agents believe home staging increased the dollar value offer between 6% and 10%.6

Downsides to Staging

The obvious downside to home staging is the cost. We'll talk more about the cost below, but it's important to note that whatever you spend, you are incurring an optional expense that is not required to sell your home.

You may encounter the issue of needing to store your belongings in preparation of a stage. Staging companies will often require your items are removed prior to their furniture being brought in. If you're not quite at the stage of having a new home lined up, you may be forced to expedite packing and incur additional costs to have your goods held off-site.

While staging may mask or cover some of your home's flaws, it doesn't fix them. In addition, they may even call attention to deficits of your home depending on how the home is staged. For example, you may have used furniture to cover poor paint jobs or scratches on the walls or floor. Staging companies often use a minimalist approach that may not cover all of the blemishes you once hid.

Staging often gets your house off the market faster. However, it also takes longer to get staged homes onto the market. In addition to removing all of your belongings, coordinating with a staging company takes planning. You may also decide to undertake repair and maintenance based on how a staged product will appear.

The Cost of Staging

The cost to stage a home is very specific to geographical location and specific real estate markets. In addition, staging expenses will vary throughout the year, as companies will be more in demand during the peak selling season. While you might be able to secure a contract, you may be faced with furniture charged a premium.

According to HomeAdvisor, the national average home staging cost is $1,608. Homeowners typically pay between $741 and $2,644, though full furniture rentals for extended periods can cost over $6,000.7

Home staging can be done while you are still living in the house. However, you may be contractually obligated to keep your home clean and responsible for any damages to furnishings while you're temporarily occupying the space.

Other Considerations

Consider the design skills, time and energy that staging will require and be realistic about whether you could undertake the task yourself. Professional companies have expertise and inventory in the field; however, many choose to design the layout of their home themselves and utilize the furniture they already own.

In addition, you can opt for your real estate agent to help stage your home, though it's traditionally not within their role to do so. Your real estate agent is motivated to sell your home as quickly as possible for as much as possible, they so may have recommendations based on what they've seen work on other listings.

Unlike some professions, there is no official licensing entity and no licensing exam for staging. Just about anyone can call themselves a stager, so the best way to find a good one is to get referrals from a seller you know who has used and found success with a particular stager or from your broker. A good broker will have connections to good stagers. 

What Is the Process of Staging a Home?

If you hire a staging company, the company will require you to remove your belongings from the site. They will often take a tour of your property, take measurements, and work with your real estate agent on obtaining information about your home. The company will then deliver furniture to your home, stage your property, and remove the furnishings at the end of your agreed-upon contract.

Is Home Staging Worth It?

For many, home staging results in a higher selling price and a quicker home sale. There are downsides to home staging such as more work prior to listing and ancillary costs like storing your property, but these downsides are often outweighed by the benefits of staging.

Is It Better to Sell a Home Staged or Empty?

Every market and property will have different strategies. In general, it is often best to stage a home to maximize bid prices. If you are looking to sell a property quickly, be mindful that there is considerable planning and coordinating prior to listing, so selling a home empty may be best in some situations.

Am I Required to Stage My Home?

You are not required to stage your home. Home staging is an optional marketing strategy used to maximize buyer interest in your home.

How Can I Stage My Own Home?

Should you choose to stage your own home, it's most often advised that you begin by simply cleaning and de-cluttering your space. This includes performing cosmetic repairs and maintenance on both the interior and exterior of your home. Remove personal items that make it more difficult for buyers to envision themselves living in your home. Consider borrowing furniture from friends or family.

The Bottom Line

The cost of staging by a professional—someone who has a great track record in the business—can mean a higher selling price for your home. For many, having a professional bring in their own expertise and furnishings leads to a more successful home selling experience.

September
2

Home Inspection

What Is a Home Inspection?

A home inspection observes and reports on the condition of a real estate property, usually when it is on the market to be sold.

A qualified home inspector assesses the property's condition, including its heating and cooling systems, plumbing, electrical work, water, and sewage, as well as some fire and safety issues. In addition, the home inspector will look for evidence of insect, water, fire damage, or any other issue that may affect the property's value.

KEY TAKEAWAYS

  • A home inspection examines a property's safety and current condition.
  • A buyer arranges and pays for a home inspection and—depending on its findings—may choose to move on to closing, renegotiate the sale price, request repairs, or cancel the sales contract.
  • A home inspection is not the same as a home appraisal, which is required and scheduled by a lender to determine the value of a property for which a buyer is seeking a mortgage.
  • When valuing real estate for investment purposes, a home inspection is one of several variables considered.
  • Before buying a home, you should have it inspected. Waiving an inspection may be a risky venture.

How a Home Inspection Works

Potential home buyers often hire home inspectors to research a property and acquire a written report that details its condition, including assessing necessary or recommended repairs, maintenance concerns, and any other potentially costly issues. The home inspector will assess the physical structure of the home, from the foundation to the roof and the home's systems. This assessment will determine if the home is up to code.

A home inspection can tell a homebuyer a lot about a newly constructed home or an existing house and save them money and aggravation. For sellers, meanwhile, having an inspection done before putting their home on the market can afford them the chance to make structural repairs or upgrade and replace systems that may increase the likelihood of a sale.

Typically, a home inspection is done after a sales contract, or purchase agreement between a buyer and a seller has been signed. For this reason, it's important that the contract include an inspection contingency (also known as a "due diligence" contingency), which allows a buyer time to find an inspector, schedule and attend—if so desired—an inspection, receive the inspector's report, and decide how to proceed based on the information provided.

A report's assessment can include everything from material defects that negatively impact a home's value to minor cosmetic defects. Based on the assessment, the buyer may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the homeowner, ask that certain repairs be made, or cancel the contract. If the buyer requests major repairs, they may also ask for a reinspection with the original inspector to verify that the original problem identified has been remedied.

Additional inspections may be done for asbestos, mold or mildew, termites, pests, radon, or lead, for example, or to check sewer lines, chimneys, or other structural components.

Home Inspection vs. Appraisal

A home inspection focuses on the home's current condition and should not be confused with a home appraisal, which determines the property's value. Both are essential steps that lead to a home sale but are done for different reasons.

The buyer sets up a home inspection and can then attend it to become educated about the condition and safety of the home and its systems. In contrast, an appraisal performed by a certified or licensed appraiser is required and scheduled by a lender when a buyer needs a mortgage to purchase a home.

Unlike a home inspection, an appraisal can impact the amount that can be borrowed and is typically done behind closed doors without the buyer's presence. The appraiser uses several valuation methods, including comparable home prices, the size and quality of the home, lot size, and more. In contrast, a home inspector is only evaluating the home's condition.

Special Considerations

Valuing real estate can be a challenging process, with the result of a home inspection acting as just one variable. Investing in real estate is similar to investing in stocks. Two basic methodologies exist absolute value and relative value. Discounting the future net operating income (NOI) of a property by the appropriate discount rate is similar to discounted cash flow (DCF) valuations for stock. Integrating the gross income multiplier model in real estate is comparable to relative value valuations with stocks.

In both methods of real estate valuation, it's critical to choose an appropriate capitalization rate or the real estate's required rate of return. This is the net of value appreciation or depreciation.

Do I Need a Home Inspection?

Because a home inspection provides a thorough assessment of the home's safety and condition, it is always a good idea to have a home inspected before purchase.

What Happens When a Home Inspector Finds Something Wrong?

If a home inspection report finds any unsafe materials or costly cosmetic defects, a buyer can decide not to proceed with the home purchase, renegotiate the sale price, or ask the homeowner to make repairs in order to keep the contract intact.

Is a Home Appraisal the Same As an Inspection?

A home appraisal is a different action than a home inspection. A mortgage lender sets up an appraisal, and the appraiser will use various valuation methods, including comparable home prices, size, and quality of the home, to assess its value. A home inspector only evaluates the home's condition for overall safety or potential trouble spots, like a leaking roof, peeling paint, or anything not up to the local building code.

Compete Risk Free with $100,000 in Virtual Cash
Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your way to the top! Submit trades in a virtual environment before you start risking your own money. Practice trading strategies so that when you're ready to enter the real market, you've had the practice you need. Try our Stock Simulator today >>

Login to My Homefinder

Login to My Homefinder