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fha: Macomb County MI latest news on home sales - first 10 days of August 2008 - 08/11/08 05:32 AM
August can oftentimes be a slow month for home sales, as many buyers are getting in the least of their summer vacations and families are preparing their children to go back to school.I was curious this morning to see how many homes have sold to date for the month of August 2008 in Macomb County MI and logged into our Multilist service, Mirealsource™, to take a look.So far this month 149 homes have sold in Macomb County. (I stripped out the homes that have rented, the statistics quoted are for homes that sold.)
The lowest priced home sold for $11,000 in … (5 comments)
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fha: Let's be careful about what we write - and read. - 06/24/08 05:21 AM
We wouldn't write about interest rates dropping when they weren't. We also wouldn't write about a home being offered for $50,000 when the real asking price is $100,000. Why in the world am I seeing articles misreporting facts about something so important as HUD guidelines?
Last week it was announced by several news organizations that HUD has waived its 90 day "anti-flipping" rule. (This rule was put into place in 2003 to guard against predatory house flipping and worked well in my opinion.)
What wasn't readily reported were the details of this new waiver.Because we sometimes see only the exciting … (10 comments)
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fha: 200 square feet less? Thousands of dollars. A buyers agent? Priceless. - 05/13/08 09:10 AM
***Shameless self promotion of the value of a buyer agent ahead***I've been having a wonderful time over the last couple of weeks with young buyer clients. They are first time home buyers in Macomb County. The interaction has been very good. They are such a nice young couple, eager, and knowledgable. I now know what makes their eyes light up and what makes them cringe when viewing homes. They also are keenly aware of the fact that I work for them and not for the home sellers.
Over the weekend we viewed a home that has been on the market quite … (22 comments)
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fha: Stepping in the consumers shoes. - 03/26/08 06:18 AM
Yesterday I wrote an article about the Zero Down advertising and explained to consumers that the "Zero Down" applied to the mortgage down payment and did not in any way reflect out of pocket costs that were still needed to purchase a home.
I probably jinxed myself with that post because I had one of those frustrating days as a consumer yesterday, none of it real estate related. I won't relate each experience (skipping the oil change shop, and the website vendor stories) but one in particular stood out for me because the "fix" would be so simple for this store to … (13 comments)
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fha: The truth about "Zero Down" advertising - 03/25/08 05:46 AM
In the Metro Detroit area the popularity of FHA and VA mortgages is higher than I have witnessed in years. One of the reasons for the increasing use of these mortgages is the potential for the borrower to acquire a home for no money down.
"Teaser" ads that I'm seeing in many places tell potential buyers that they can purchase a home with "Zero Down". This is true. With the VA program this can be done. With FHA a down payment assistance program is needed.
What the "teaser" ads fail to mention is that you will still need money in your pocket/ … (15 comments)
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fha: You don't have to break the piggy bank to buy a home in Macomb County MI - 03/07/08 05:20 AM
This week we were excited to hear about 2 means of home buying that willhelp our area and Michigan home buyers.
The first of the great news is that FHA loan limits in Macomb County have been increased to $297,000.
What does this mean for a home buyer in our Metro Detroit area?
As of this writing there are 5730 homes on the market in Macomb County that are $297,000 or less.
85% of the homes on the market right now in our area meet the FHA loan limit guidelines.
The second great news that we heard is that … (12 comments)
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fha: Chesterfield Township foreclosures - bank owned homes for sale. - 02/20/08 07:33 AM
If you are looking for a wonderful home in Macomb County one of the communitiesyou may be drawn to is Chesterfield Township. As of the time of this posting, the following homes are on the market and are bankowned / foreclosures. Some of these homes are real bargains!
There are 3 homes currently for sale in Chesterfield township under $100,000. Currently, there are also 41 homes for sale between $100,000 and $200,000.
Homes for sale information courtesy of Mirealsource™ and it's participating brokersand real estate agents via the broker reciprocity feature.If you would like a list of these homes please feel free … (0 comments)
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fha: A Foreclosure + a FHA Buyer = A success story! - 01/31/08 05:37 AM
In the Metro Detroit area two scenarios we are seeing on a daily basis in the real estate industry are the increase in homes on the market that are foreclosures (bank owned) and the growing popularity of FHA mortgages for home buyers.
Typically many home buyers who want to purchase bank owned homes have been frightened off by FHA mortgages, feeling that the inspection guidelines have been too restrictive. Bank owners of these homes have also been slow to offer FHA terms as one of their purchase guidelines along with conventional or cash terms because they were likely worried about … (25 comments)
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Kris Wales - Macomb County MI real estate blog & homes for sale search site
Macomb,
MI
More about me…
Keller Williams Realty - Lakeside Market Center
Address: 45609 Village Blvd., Shelby Township, MI, 48315
Office Phone: (586) 536-5453
Email Me
A
partner for your real estate
needs in Macomb County.
Looking
for a full time real
estate professional with over
a
decade of experience in
Macomb County MI and it's
surrounding areas?
Feel free to get to
know me and
how I conduct my business by
reading
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Chataboutmacomb.com and
Macombhomes.com
I'm
a firm believer that the best
real estate relationship is a
partnership. We work together
to achieve your goals - whether
it be in purchasing your first
home or selling your present
home to purchase another or
to relocate.
Please
feel free to email
me at
any time. I would enjoy chatting
with you and getting to know you.
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