real estate: Has the Macomb County real estate market hit Bottom? - 04/12/09 08:30 AM
For the past year we have been tracking the total number of listings, pending and Foreclosures, in our area. Why? We were looking for trends or signs that the Macomb County, Michigan real estate market hit the bottom. We figured once the foreclosures started to drop off we would finally see the bottom and maybe even get a bit of a rebound.
Funny thing is last year at this time we were estimating half way through 2009 we would start to level off again. But that was before the September 2008 financial crisis.
So what trends did we see in our … (3 comments)
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real estate: You Can't Discount a Discount! - 02/28/09 12:47 PM
Why do Buyers offer less?
Last week I showed a condo that was priced at $110,000 and it was actually in very good shape with newer items. The complex was built in the late 80's but the association has done a fine job of maintaining it and even recently replaced the roofs, siding and gutters. The fee's are still low and the unit was in a great part of the complex.
Get this the buyer wants to offer $90,000 - $95,000 because it is a buyers market. I wanted to scream "You can't discount a discount". Here's the best part … (10 comments)
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real estate: I'm Thinking Positive Thoughts and Wearing My Alligator Skin - 02/22/09 10:21 PM
So after reading my post from yesterday I decided it may have been a bit negative and perhaps I should listen to my good friend, "The Real Estate Therapist" Tamara Dorris.... to start Thinking Positive Thoughts again. Especially, after reading her blog post Attitude of Gratitude. In it she talks about what you think and say being sooooo important.
Okay now that I have slapped myself around and I am thinking positive thoughts again I can start writing.
Back in the late 90's ED and I joined Amway also know as Quixtar. Let me tell you that is a group of … (2 comments)
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real estate: Hey President Obama What About Detroit??? - 02/21/09 09:26 PM
On February 10th, President Obama hopped aboard Air Force One and made a stop in SW Florida. The purpose of his trip was to sell his stimulus package, to the folks of the hard hit Florida real estate market. But as Linda Flack recently stated their real estate market has actually hit bottom and not doing that bad.
Then he jetted off to Denver Colorado to sign the economic stimulus bill. Why Denver? Well according to the media the President went to Denver because they are a "green" state. Plus as Jim Luz recently reported on his blog, Denver was named … (0 comments)
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real estate: Washington Township, MI Real Estate Market Update 12-21-08 - 12/21/08 07:38 PM
HOMES for SALE
178 homes are currently on the the market
162 are private sellers
10 of those are short sales
16 are bank owned
28 homes are pending a closing
10 homes have closed in the past 30 days
40% of those were bank owned
CONDOS for SALE
51 condos are currently on the the market
47 are private sellers
4 of those are short sales
4 are bank owned
4 condos are pending a closing
0 condos have closed in the past 30 days
0% of those were bank owned
As you can see regardless … (2 comments)
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real estate: Shelby Township, MI Real Estate Market Update 12-21-08 - 12/21/08 07:05 PM
HOMES for SALE
443 homes are currently on the the market
401 are private sellers
44 of those are short sales
42 are bank owned
64 homes are pending a closing
45 homes have closed in the past 30 days
67% of those were bank owned
CONDOS for SALE
178 condos are currently on the the market
150 are private sellers
8 of those are short sales
28 are bank owned
18 condos are pending a closing
9 condos have closed in the past 30 days
44% of those were bank owned
As you can see regardless … (2 comments)
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real estate: Clinton Township, MI Real Estate Market Update 12-21-08 - 12/21/08 04:39 PM
HOMES for SALE
526 homes are currently on the the market
420 are private sellers
34 of those are short sales
106 are bank owned
79 homes are pending a closing
46 homes have closed in the past 30 days
67% of those were bank owned
CONDOS for SALE
325 condos are currently on the the market
282 are private sellers
23 of those are short sales
43 are bank owned
29 condos are pending a closing
15 condos have closed in the past 30 days
60% of those were bank owned
As you can see regardless … (0 comments)
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real estate: Macomb Township, MI Real Estate Market Update 12-21-08 - 12/21/08 04:24 PM
HOMES for SALE
548 homes are currently on the the market
496 are private sellers
64 of those are short sales
52 are bank owned
81 homes are pending a closing
87 homes have closed in the past 30 days
71% of those were bank owned
CONDOS for SALE
114 condos are currently on the the market
106 are private sellers
6 of those are short sales
9 are bank owned
19 condos are pending a closing
14 condos have closed in the past 30 days
75% of those were bank owned
As you can see regardless … (2 comments)
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real estate: My Computer has caused Brain Over Load - 12/17/08 08:33 PM
My life used to be so so simple...till My Computer caused Brain Over Load. It all started back in 1981 when I decided to get a degree as a computer programmer. Back then I was learning Cobal, Fortran and Assembler computer languages. What can I say I'm old. Anyway, I remember my mind being pushed and pulled every which way as I tried to do my homework assignments. I figured I was having a hard time because I was a dizzy blond. I had no idea what the future would bring.
Fast forward to December 2008 ...I never did become a … (4 comments)
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real estate: Are Things Really as Bad as the Press Tells Us? - 12/15/08 09:03 PM
Living in Michigan I know homes are selling for less and the Big Three is looking for financial help. However, are things really as bad as the press tells us? Do you think they make things sound worse to get more readers and more viewers? I remember as a kid my mom saying "misery loves company" and "bad news travels fast" now I know why.
So how bad are things and should we believe everything the press tells us. Remember the election? It seems like light years away now but look at all the bad press each candidate received. Turn on Fox News … (3 comments)
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real estate: Are You Tired of Seeing Housing Values Plummet - 12/12/08 03:06 PM
I for one am sick and tired of seeing housing values continue to Plummet. Now I may get some backlash for saying this but I feel many of these bank agents are out for no one else but themselves. Daily I am amazed to see what they price homes at. Personally I think it's job security for them. Price a home super low, sell it for even less and then all the neighbors will say the heck with it and foreclose. Oh let me guess, more business for them. If they keep it up we'll be selling homes in Macomb County for less than the … (3 comments)
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real estate: WHAT WILL THE REAL ESTATE OFFICE OF THE FUTURE LOOK LIKE - 12/07/08 10:48 PM
So what do You think the Real Estate of Office of the Future will look like? Do you think it will look anything like the office you have come to know? Well, earlier this year we asked our selves this exact question. You see we had just arrived on a 4 week vacation, when we received a call from an agent in our office, telling us "the broker sold out to another franchise." Well needless to say we were not to happy. Especially, since we had just moved to this office 3 months earlier and had no clue this was coming. Rather than changing signs, cards, advertising ect we … (3 comments)
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real estate: I WANT TO BE A REAL ESTATE AGENT!!! - 10/17/08 05:38 PM
These are the words we heard from our 25 year old son Mike, after spending 5 years at Central Michigan University. First we said "Are You Crazy"? We knew he did some drinking at Party Central but he must have killed a ton of brain cells to want to be a real estate agent in Macomb County, Michigan NOW.
But Mike thought about this long and hard and figured being a REALTOR would be a great way to get his feet wet in sales, business, real estate investing and honing his people skills. Yea right. Now Mike is no dummy he graduated Magna Cu Lade with 3 degrees. But … (5 comments)
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real estate: OUR SELLER TRIED TO DO THE RIGHT THING - 10/14/08 09:58 PM
Over the past few years we have all seen our share of foreclosers. But it is very frustrating when a seller tries to do the right thing only to get shut down by the bank.
Here's an example of just how the banks refuse to help homeowners. Why they should not be working in the real estate industry. How much money is really lost. And how they totally screw up the rest of the market.
M/M seller build a new home in 2005 in a new sub in Shelby Township Michigan - total investment $320,000 mortgage balance $236,000 and $59,000 2 years later Mr homeowner loses his job But finds work … (5 comments)
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real estate: Washington Township MI 3 Bedroom Ranch for Sale - 10/14/08 01:08 AM
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real estate: Clinton Township Condo For Sale w/Finished Basement - 10/14/08 12:52 AM
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real estate: I FOUND A $300,000 HOME FOR $150,000 - 10/04/08 07:14 PM
I found a $300,000 home for $150,000.This seems to be all we hear nowadays. But the fact is ...the home IS NOT a $300,000 home, it's a $150,000 home. It was only worth $300,000 at the top of the market. Of course, the seller, government, wall street, builder, banker, real estate agent and tons of stores all benefited when it was $300,000. Tons of money was moving in and out of the economy and everything looked So Bright! Everyone was enjoying the ride going up. We all felt Rich just like the movie stars. Spending was at an all time High.
STOP those days are over. … (1 comments)
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real estate: It's Not Christmas .... But I Felt Like Giving - 09/24/08 10:33 PM
Today I received a strange call from a very nice gentleman at Adult Well-Being Service, he asked if I had any rentals available in Roseville or Warren. He proceeded to tell me that he needed to place a man and his young daughter in a home very quickly because they were living in shelters and hotels. They needed to get this little girl in school, since it was count day. Normally since these cities are a distance from our home and office, we do not usually work rentals there and usually tell callers we can not help them. But in this case I felt … (1 comments)
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real estate: Macomb Township, MI Real Estate Market Update 9-21-08 - 09/21/08 11:49 PM
Below is the Real Estate market update for Macomb Township as of Today.
618 - Homes are currently for sale
131 - Condos are currently for sale
of those 94% are private owners and 6% are bank owned
121 - Homes and Condos are currently pending a closing
80 - Home and Condos were sold over the past 30 days
It should also be noted that of the 749 homes and condos for sale 49 are short sales.
As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Macomb … (1 comments)
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real estate: Washington Township, MI Real Estate Market Update 9-21-08 - 09/21/08 11:41 PM
Below is the Real Estate market update for Washington Township as of Today.
208 - Homes are currently for sale
55 - Condos are currently for sale
of those 95% are private owners and 5% are bank owned
35 - Homes and Condos are currently pending a closing
26 - Home and Condos were sold over the past 30 days
It should also be noted that of the 263 homes and condos for sale 10 are short sales.
As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Washington … (0 comments)
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