oakland county michigan real estate: Oakland County Michigan Seller- You Accepted the Offer. Now What? - 09/21/10 12:47 PM
Oakland County Michigan Seller- You Accepted the Offer. Now What?
When we go over an offer to purchase from a buyer, I will go over price and terms as well as any contingencies. Typical contingencies are mortgage contingency, inspection contingency, subject to clean title, must appraise for at least sale price. And there are time frames for each contingency.
A normal offer will give 30 or 45 days to get a mortgage and the buyer must apply within 5 days. Usually 7 days for a home inspection and clean title prior to close. So let's use these time frames to explain … (0 comments)

oakland county michigan real estate: Oakland County Michigan Home Buyer- Find a Foreclosure Listing You Want? Jump on It! - 09/17/10 04:11 AM
Oakland County Michigan Home Buyer- Find a Foreclosure Listing You Want? Jump on It!
Dear Home Buyer,
While it is true that we are currently in a buyers market here in Oakland County Michigan if you define a "buyer's market" as follows: low prices, low interest rate. One thing that is strange about this market is that even though our inventory is low, and half of what is available is over priced, prices are still way down there. So much for the theory of supply and demand!
Despite the fact that demand is greater than the supply, prices are still very … (2 comments)

oakland county michigan real estate: I Got Burned!!! No- You Burned Yourself! - 09/14/10 12:33 PM
I got burned! I've heard it from more than one Oakland County buyer lately. They didn't get the house they wanted. They wrote low and expected the seller to take it- even though the house was properly priced, even though it was a multiple offer situation, even though the buyer could afford to pay over asking price if need be.
One thing these Oakland County buyers had in common - they all blamed their agents. That's how we ended up working with them.
Unit sales in Oakland County Michigan are up significantly; there is no shortage of buyers to work with. So … (8 comments)

oakland county michigan real estate: Want to Upgrade But Don't Want to Give Your House Away? Consider Leasing Your Current Home - 09/13/10 01:17 PM
Home prices in Oakland County and Lapeer County Michigan may be stabilizing (or at least not falling as fast), and if you have been considering upgrading to that home you couldn't afford 5 or 6 years ago, now might be a good time to consider making that move.
Houses that were selling for $300K are selling for less than $200K. That dream house from 5 years ago that you couldn't afford may be selling for less than you paid for your current house. Interest rates are low, and if you have a job, some cash and decent credit you can probably get a mortgage. That … (0 comments)

oakland county michigan real estate: Land Contracts- Southeast Michigan Real Estate - 09/09/10 05:55 AM
Land Contracts- Southeast Michigan Real Estate
Over the past couple years I've been getting quite a few calls asking about Land Contracts and Lease/Option properties. Many of these callers have recently lost their homes to foreclosure or recently sold via short sale and need a place to live. It is understandable- these people are used to being homeowners and the thought of renting is not an attractive thought.
The other day I wrote a post about Lease/Option purchases and why it won't work for many of the callers who have been contacting me. This post is an attempt to explain exactly … (4 comments)

oakland county michigan real estate: Oxford MI Home for Sale 1116 Woodbriar Ct Oxford Michigan - 11/14/08 04:34 AM
Oxford MI Home for Sale 1116 Woodbriar Ct Oxford Michigan Real Estate
1116 Woodbriar Ct, Oxford MI Home for Sale
Better than new Oxford MI home built in 2000 in desirable Woodbriar Sub, Oxford Michigan in North Oakland County. This 3 bedroom 2 1/2 bath colonial boasts 1857 sq. ft. plus and additional 400 sq. ft. in the finished walk out. The master suite features a vaulted ceiling, 2 closets and a private bath. The large great room boasts a natural fireplace and French doors to extensive decking and stupendous views of the large, treed back yard. Hardwood floors in the … (5 comments)