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Realcomp MLS has release the sales data statistics for the month for Metro Detroit. If you find stats and numbers interesting this may be of interest to you. The official analysis release states: MEDIAN SALES PRICE CONTINUES CLIMB WHILE ONMARKET INVENTORY LEVELS DECREASE FURTHERPRICES BUOYED BY HIGH NONFORECLOSURE ...
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A few years ago, terms like "short sale," "upside down," and "under water," were not even part of our lexicon. Today, they are common place. Following some 15 years of steady appreciation, peaking in 2006, home values in Michigan have since declined 45% on average. In Oakland County, distressed sales now account for ...
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I can tell within about 60 seconds of speaking to a Buyer, whether they have been listening to Real Estate investing gurus or watching TV news articles about how to buy foreclosed properties cheaply. Usually the "educated" buyer will begin using the phrases, "I have cash and cash is king", "banks want to move these ...
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Many Sellers are becoming unwilling Landlords and renting their homes because the home does not sell for what they owe or what they are convinced they need to get. I have been a willing Landlord for over 13 years and have learned a few things about being a Landlord. If you find yourself in a situation where you need to rent your home, here ...
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New ordinances are sweeping through local governments that are targeting Bank Owned properties. The city of Livonia Michigan adopted ordinance #2844 on October 8, 2009, the Township of Canton Michigan adopted a similar ordinance #79 on January 12, 2010, while Plymouth Township adopted Ordinance C-2009-08 on June 23, 2009. The reported purpose of ...
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[photo:listing:1382950] • 1,583 sq. ft., 2 bath, 4 bdrm 2 story - MLS® $177,900
Wayne County Sub No. 8, Westland - Looking for that perfect house? Look no more! This incredibly maintained home ON A QUIET STREET features: New VINYL SIDING (LFTIME WARR), NEW 50 YR ROOF, NEW FURNACE & CENT. A/C, NEW REMOD KIT., ...
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It is hard to miss plethora of foreclosures in Michigan and beyond. Banks are becoming increasingly willing to sell these properties cheaply to get the non-performing mortgages off their books. Here are a few tips that I have personally learned in investing in "REO" bank foreclosures.
(1) The asking price is just the asking price. ...
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Farmington Acres, Farmington Hills - Announcing a NEW LISTING on 33490 Kirby, a 2,532 sq. ft., 2 bath, 4 bdrm 1 1/2 story. Now MLS® #27127865 $215,000 - Like New Construction!.
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[calendar:2007-06-24 2007-06-24] Argonne Subdivision, Livonia - We invite everyone to visit our open house at 20029 Rensellor on June 24 from 2:00 to 4:00 PM.
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