This is why the media is wrong......in Ann Arbor, MI. and I suspect YOUR market area's too.
Here is an email I got from one of my Buyer Agents yesterday in Ann Arbor, MI. Besides this update she has 3 pendings.
XXXXX wrote again tonight, fax it tomorrow. The house is in Fenton, its closer to his work than anything else we have looked at. 185k with 3 back, but the home is listed at 200k and its Sev is 139k. They can only go up to 188k comfortably. I doubt it will fly but doing my very best to make it happen. They want to be in before Christmas and if this one doesn't fly that won't happen.
XXXX AND XXX are coming into town this weekend but there is nothing new to show them and they don't have that big of an interest in Overbrook because of the road. They talked about the crappy market and I reminded them that it was only good news for them as buyers. I just need to find a house that peeks their interest enough to do anything.
XXXX will be closing on Feb 26.
XXXX has headed to her credit union and should be actively looking first of January.
XXXXX is still on the hunt for a house under 100k, we go out tomorrow (again, ugh) She made an offer on one on Huron River drive but it had a better offer with no contingencies, and it was too questionable for her to do that. No way.
XXXXX AND XXXX are also active and under 100k. But notta yet on either of them either.
XXXX off of Tiger Lead was a renter who is now going to buy and thru me/us, but its dependent on when she gets transferred to the prison near Milan and she wants to purchase in Milan. It will be shortly after Christmas that she wants to start looking (better idea when the transfer will happen). ( She is not going to prison, she works at the prison )
My head hurts. (thought that was relevant)
Peace. XXX
Pretty busy for almost December in Ann Arbor, MI. (and 15 degrees today). I negotiated 3 leases yesterday for people who could not sell. Two close today.
One other Buyer Agent also wrote an offer Friday and did contractors inspection yesterday, closing before Christmas.
If you are looking for a home in Ann Arbor or Saline Michigan this is a FANTASTIC time to buy.
Agents: What we get sold and pending now will be the great start of a great year for January 2008 !
Oh did I say this particular Buyer Agent has only been a Realtor since last January.
Buyers feel free to start your home search here.
Good for your market and your agent, Missy. You are so right...all of the groundwork laid today will be our closings in 1Q08. Gotta try to keep that pipeline filled...