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troy michigan: CONSIDER AREA ABSORPTION RATE BEFORE PRICING YOUR HOME FOR SALE - 05/11/10 11:36 PM
They key to a successful sale must take into consideration the current neighborhood absorption rate. In a sellers market, absorption rate may have played a factor into a sale but not as much. What is an absorption rate you ask? Well, it's a tool that your real estate agent SHOULD take into consideration when pricing your home but many do not!If you were in need of getting your home sold in less than 6 months, it may be less than a 50-50%. With current market conditions telling us that the average time to get a home sold in the Metro-Detroit area … (1 comments)
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troy michigan: DON'T LOSE YOUR HOME TO FORECLOSURE - 05/11/10 10:46 PM
10 REASONS TO AVOID FORECLOSURE
#1 You may be responsible for any defaults after foreclosure. The difference between what you owed plus costs and what the bank was able to sell your home for could result in never ending collections for an indeterminate period of time. A Short Sale gives you the opportunity to negotiate with the bank to forgive the debt.
#2 While it may not seem like it now, there will come a time where your current financial troubles will pass. You will feel much better knowing that you did everything possible to avoid the feeling of hopelessness and … (0 comments)
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troy michigan: HOW WE STEP IN TO "TAKE ACTION" ON YOUR BEHALF!- Short-sales - 01/04/10 10:34 PM
WHAT SEPARATES THE GOOD FROM THE GREAT YOU ASK??
ACTION IS JUST ONE OF THE MAIN INGREDIENTS! I GAINED THIS KNOWLEDGE FROM MY FRIEND "MIKE SHER" AND USE IT TO MY CLIENTS ADVANTAGE NOW.
Often Realtors, Clients or Friends ask me what is the key to Short Sale success. As you can guess from the Churchill quote above, "ACTION" is the key to success. This quote also covers why Short Sales fail "INACTION". Below I have listed examples of Action and Inaction: so you know the difference.
Action:
Preparing your seller properly so that they know what to expect! Faxing 3rd … (0 comments)
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troy michigan: Short-Sale Certfiied Agent! Troy Michigan - 01/04/10 10:13 PM
This is a Troy Short Sale that I listed and closed. My seller needed to sell. He was stuck in a predatory loan with a very high monthly payment. The balance of this loan was so high; I don't know how the borrowers could have qualified. The loan was a no doc, stated income "liar loan". The fees on the refinance were so high it was criminal.
The seller could not afford the loan in the first place and with the economic downturn he was certain to be foreclosed on. The Seller and Buyer were both thrilled by my services. … (1 comments)
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troy michigan: Why Buy Troy?? - 01/04/10 09:49 PM
It's interesting that while many cities are currently in financial trouble (because of our economy and the simple fact that so may cities tied their income so closely to property taxes) that the City of Troy REMAINS one of the most sought after areas to live in Michigan!
About the City of Troy, Michigan
Where can you find the best city to live in Michigan that is also one of the safest in the nation and second most ethnically diverse in the state? What city offers affordable housing, A+ rated schools, quality public services, and a solid bond rating? Where … (0 comments)
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troy michigan: To Buy Foreclosed or NOT Forclosed - 11/04/07 01:35 PM
There seem to be alot of foreclosure opprtunities for purchase out there especially in the Royal Oak and Troy Michigan areas of Oakland County. What are the top 3 to 4 things you look for in a foreclosure purchase opportunity?
Do you want to be in Troy or near Somerset mall? Various bank owned foreclosure opportunities have recently popped up in Troy. These homes boast a strong central location, solid bones, minimal turn over and a solid neighborhoods. There are also various homes that are "Pre-foreclosures" that may be in even better condition than after the acquisition by the bank. You may only pay a … (1 comments)
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