Scott Petersen - Canton - Plymouth - Real Estate

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  • October 2010 YTD Sales Data

    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 ...
    Posted to Scott Petersen (Weblog) by 505522 on October 27, 2010
  • Short Sale Basics

    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 ...
    Posted to Scott Petersen (Weblog) by 505522 on September 27, 2010
  • Cash is King!??

    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 ...
    Posted to Scott Petersen (Weblog) by 505522 on September 22, 2010
  • Unwilling Landlords

    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 ...
    Posted to Scott Petersen (Weblog) by 505522 on August 30, 2010
  • Soak the Banks

    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 ...
    Posted to Scott Petersen (Weblog) by 505522 on April 9, 2010
  • 2 Story For Sale in Wayne County Sub No. 8

    [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., ...
    Posted to Scott Petersen (Weblog) by 505522 on February 14, 2008
  • Invest in Foreclosures

    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. ...
    Posted to Scott Petersen (Weblog) by 505522 on August 11, 2007
  • NEW LISTING: 33490 Kirby in Farmington Acres

    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!. Property information
    Posted to Scott Petersen (Weblog) by 505522 on July 14, 2007
  • Open House 2-4PM on Sunday, 20029 Rensellor in Livonia

    [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. Property information
    Posted to Scott Petersen (Weblog) by 505522 on June 18, 2007