The Appraisal Contingency as a Negotiating Tool - 06/12/12 03:22 PM
There is so much more to writing an offer to purchase a home in Clarkston MI than in days of yore. At one time pretty much price ruled. Strength of buyer was important, but not as much as today. Today there are many more factors to consider in a Clarkston MI real estate transaction- is it a short sale, bank owned or good old fashioned non-distressed homeowner/seller?
You see more Clarkston houses go pending then back on the market (sometimes this will happen multiple times with one house) than I ever remember seeing. Appraisals are coming in low causing the financing … (3 comments)

Lake Oakland Lakefront Real Estate- Rising Prices- Low Inventory - 06/01/12 10:08 AM
Lake Oakland Lakefront Real Estate- Rising Prices- Low Inventory
So far there have been 4 closed sales this year on Lake Oakland in Clarkston and Waterford MI with prices ranging from $245,000-$751,871 with an average sales price of $414,218.
Last year the average sales price on Lake Oakland was $223,320 and in 2010 the average sales price was $194,677.
3 of the 4 sales this year were "normal" sales with only one bank owned home compared to last year when half the sales on lake Oakland were distressed sales and 64% of the sales in 2010 were distressed sales.
Houses are selling … (0 comments)

What Does BATVI Mean? Clarkston MI Real Estate - 06/01/12 08:57 AM
What Does BATVI Mean? Clarkston MI Real Estate
Simply- Buyer Agent To Verify Information.
This is also known as an ass covering, or in my opinion, a waste of precious space in the limited space allotted in the MLS.
If you are buying a Clarkston MI short sale listing, beware of listings where the listing agent fills out the listing in a shoddy manner, such as wasting space in the comments, not filling out the remarks section at all, inaccurate listing information, etc. Remember, the listing agent is the person we are relying on to complete the short sale to the … (0 comments)