macomb county real estate: Taking the fear out of buyer agency agreements - It's all about YOU! - 11/10/08 04:53 AM
So much confusion abounds in regards to buyer brokerage agreementsand most of that is because of the lack of explanation that the agreement(contract) is not about the agent or the brokerage. Here's a revelation:
It's all about you!
The buyer agency & brokerage agreement protects and serves you in many ways:
Notice- The document puts the sellers & sellers agent on notice that the buyers have their own representation during the transaction and are accepting the brokerage compensation that the sellers offered. (Nearly 100% of the time the brokerage compensation offered by the sellers to the buyers agent is more … (22 comments)
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macomb county real estate: 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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macomb county real estate: Do businesses and industries shoot themselves in the foot with sudden changes? - 06/26/08 06:43 AM
My hubby called this morning after he got into work and was really frustrated.
He stopped to fill up his gas tank at his usual gas station and was greetedwith the following upon swiping his bank card: "Please enter zip code." Not a problem. He entered it. Then he was prompted to "see cashier".He thought there was a problem with his swipe-stripe and went into thegas station only to find 10 other customers waiting in line. From the conversations overheard he was able to understand this much:The gas station now prefers everyone to pay by cash. If you are going to … (11 comments)
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macomb county real estate: Could we hit a stone wall with our words and not be aware of it? - 06/21/08 06:57 AM
I had one of the most interesting conversations with a potential buyer client yesterday afternoon and it didn't involve his wish list or want list for a new home. At the end of the conversation I asked him for his permission to write about our talk and as he found me via my blog posts he agreed. The young man I spoke with has been interviewing agents online for several months without the agents being aware of it. His interviewing has involved reading as much as he can on various agents websites, and recently he found ActiveRain. One thing that he … (18 comments)
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macomb county real estate: Earning my fictional Masters Degree in Real Estate - 06/02/08 06:03 AM
Over the past year or so I've commented often that I feel as if I am earning the equivalance of a Masters Degree in Real Estate. Just like most of the areas of our country, Macomb County MI has undergone massive changes in not only the housing market but the mortgage industry. Challenging for real estate professionals? You betcha! Exciting? Always. Frustrating? At times, yes.I started thinking about the classes in my mind that I have taken towards my fictional Masters Degree and came up with the following list.===========================================================================
Home Sellers 101 – 110: It used to be that the home … (17 comments)
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macomb county real estate: A foreclosure success story - finally one to rave about instead of ranting. - 05/30/08 05:55 AM
I haven't been shy about stating my opinion when I feel the asset managers of foreclosures in Macomb County Michigan are dropping the ball and shirking their responsibility to neighborhoods. This morning however I would like to give a big THANK YOU to all of those involved with the care of one particular home.Many home buyers in the Metro Detroit area are not only viewing the foreclosed upon homes that are for sale, but they are making offers to purchase them. Most of what we have been seeing however are homes that are clearly distressed and in need of more tender … (15 comments)
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macomb county real estate: At the top of the list of "What will I need to buy a foreclosure?" in Macomb County? - Patience - 05/14/08 05:53 AM
It has been well over a year since I've had buyer clients that didn't view at least one foreclosure in Macomb County MI, for most it has been many foreclosure properties before they decide on the home they wish to purchase.You would think that by now after viewing hundreds of them and putting in more than 30 offers on these homes that I would have a handle on what the banks or asset managers are looking for when they receive an offer. Frankly, it gets more confusing as each month passes. There is no rhyme nor reason when dealing with the … (14 comments)
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macomb county real estate: 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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macomb county real estate: I'm not going anywhere. - 12/15/07 06:16 AM
During my conversations with people in Metro Detroit I hear a recurring theme. How is the real estate business? Are you staying in the industry? Why don’t you get out? I always have mixed emotions when I am asked these questions. The first response is always “Business is different this year”. The second response is “I’m not going anywhere.” The answer to the question “Why don’t you get out?” is much more lengthy. Grab a cup of coffee and I’ll answer it. Michiganders are a tough breed. We celebrate the highs together and ride out the lows as a community. I … (41 comments)
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macomb county real estate: We're in the "people" business - that hasn't changed. - 12/13/07 06:07 AM
Yesterday while doing some reminiscing I thought about my first clients. They were a young couple and also new parents. Mr. Buyer #1 was a surgical resident relocated to this state, his wife a stay at home mom.
Their credit scores were good, although their income was certainly not up to the potential income they would see a few years down the road. They met with a mortgage lender and it was decided that an FHA loan was the best way for this young couple to proceed. We also sat down and discussed how property taxes were calculated in Michigan, their … (16 comments)
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macomb county real estate: Dear Santa - yes, it's me again - I forgot something! - 12/10/07 05:11 AM
We're into the 2nd week of December and I have to tell you, I wish there were 30 hour days through the rest of the month.My favorite holiday decorations aren't up. I've only managed to put up my little "wannabe" tree think Charlie Brown'ish), a few candles and my nativity set.Baking? I haven't had time to shop for the ingredients. I am proud of myself though, I do have the shopping list made. I've also found some great recipes here and have added some of them to my holiday menu . Halloween and Thanksgiving went by in a whirl! I was … (29 comments)
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macomb county real estate: Macomb County homes sold in November 2007 - 12/04/07 04:49 AM
Who says spring and summer are the best times of the year to sell your home in Macomb County?
Obviously, the people who owned the homes and condos that sold in November feel otherwise!In Macomb County Michigan homes are selling and a total of 623 owners have sold their home during the month of November.
A total of 492 residential homes and 131 condos sold during this period.
If you would like specific information regarding the homes that have sold in your neighborhood please don't hesitate to contact me for a customized report.All sales data is courtesy of Mirealsource™ and its participating real … (6 comments)
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macomb county real estate: After closing - turning in the property transfer affidavit - 12/01/07 05:11 AM
One of the things we will talk about during and after the celebration of closing on your new home is the process of "officially" making the home yours in the eyes of the city/township and the state of Michigan.
The closing officer will give you a property transfer affidavit form. (And you thought you were done with the paperwork after closing, now didn't you?) I will make sure that this form is at the top of the stack of forms that you leave the closing table with. Here is what the form looks like: The day of closing (if you have time) … (10 comments)
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macomb county real estate: Dear Santa... - 11/29/07 07:02 AM
Dear Santa,
I have been a very good girl. Really.
Every year for the past 11 years I have asked you for the same thing for Christmas. This year I'm going to attach a picture since it seems that you don't know what I am asking for or surely you would have left it under the tree by now.
Here it is:Santa, that is a magical crystal ball. I know your elves and you perform magicevery year. A crystal ball shouldn't be too difficult to make.
Why do I want a crystal ball?
I want to take it with me when I am working. It will … (30 comments)
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macomb county real estate: Chesterfield Township full brick ranch - $159,885 - 11/27/07 05:07 AM
… (10 comments)
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macomb county real estate: Back to old fashioned math and loving it! - 11/20/07 10:58 PM
I'm old. I'm not ashamed to admit it. When I was in elementary school there weren't hand held calculators. We learned math the old fashioned way. Years later there was "new" math introduced into the schools. My kids understood the teaching better than I did. Thankfully they didn't need help with their homework.
During the real estate "boom" in Macomb County I saw quite a bit of new math methods being used. Homes that sold for $100,000 would have neighboring homes sell for $120,000 just a few weeks later. What shocked me (and my buyer clients!) even more was the fact that … (63 comments)
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macomb county real estate: Be a good neighbor - overprice your home! - 11/17/07 04:57 AM
In Macomb County Michigan there are a few things that you can do that will make you popular with your neighbors.
Be helpful to your neighbors.
Keep the outside of your home well maintained.
Don't be the "nosy" neighbor.
Put your home up for sale and overprice it.
How does overpricing your home help your neighbors? There is a simple explanation for this reasoning. I, as a buyers agent, will show my buyer clients the comparable sales for your neighborhood. It also means that my buyers will be well educated as to the value of your neighborhood. When you've overpriced your home for the … (35 comments)
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macomb county real estate: Loose lips? Not mine. - 11/16/07 07:15 AM
As I write these articles of interest (I hope you find them interesting) I have become more aware with each passing day of how far reaching the blogging world and the Internet truly is. I have had communication from people from all over the country, and locally more consumers are reaching out with questions and comments to me via email and the good old fashioned phone.
If you’ve read any of my past articles you will probably have noticed that I do not have “loose lips”. When I have been given the precious gift of trust I do not betray … (21 comments)
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macomb county real estate: The skinny on buying a HUD home in Macomb County. - 11/16/07 06:06 AM
In Michigan there is a new company handling the HUD homes that are for sale and the processing of bids on these homes.
The process hasn't changed for the home buyer and many times I'm asked "How hard it is to buy a HUD home in Macomb County?"
It isn't difficult at all, it is merely different than purchasing a home that is owner occupied.
The most common differences are these:1) HUD requires an earnest money deposit that is in the form of a certified check or a money order made out to the buyers agents real estate company. For homes under $50,000 the … (4 comments)
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macomb county real estate: Disclose Disclose Disclose - 11/15/07 06:02 AM
In Michigan as in other states when a home owner puts their home on the market in most instances they are required to fill out a sellers disclosure form.
This form really isn't tricky or difficult to fill out. It has basic "yes and no" questions about whether certain items are in working order and also has a section with specific questions for the home sellers to provide clarity on other items/areas of the home. The most difficult part of filling out the disclosure statement for most home sellers is the small font on the form and difficulty in reading it.In … (19 comments)
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