selling: Appraisals Are Now A Game of Roulette
- 03/19/11 08:32 AM
How Appraisers are getting assignments is a mystery to me these days. Appraisals are becoming the most complicated part of a real estate transaction these days. I wrote in an earlier blog, Party... Not Offer Like It's 1999, about by my Canton, Michigan listing and why my seller took a lower offer because of appraisal concerns. Well, I received the call from the Appraiser last week to make the appointment to perform the inspection. The first things I do when I receive the call from an Appraiser these days is to check the caller I.D. Sure enough, just as I feared, the appraiser was calling from a phone that … (5 comments)
selling: Can I show your listing NOW!
- 10/29/10 02:20 AM
The latest statistics that have come from the local MLS show that 50% of all sales are REO and Short Sale. This has been the case in the Metro-Detroit market for the past several years. I know other markets around the country have just recently joined our misery party, welcome to it. One of the effects that I have observed, out of the many, is that this has drastically changed the mind set of the Buyers. With the dominance of REO and Short Sales, this has cemented the idea that all homes are vacant and should have immediate access. All REO's, … (0 comments)
selling: Smoke is causing FIRE
- 10/18/10 02:31 PM
As the media discusses whether or not there should be a foreclosure moratorium, Rome is burning. Much has been made in the past couple of weeks about robo-signers, and the potential problems of foreclosure in some states. While there is some smoke that some banks have cut corners in the judicial process, there are no claims that I know of that the homes were wrongly foreclosed on for non-payment. The only claims I know of that have been made to date are whether or not the bank employee fully reviewed all documents before signing a court affidavit. Now, not fully reviewing all documents … (2 comments)
selling: Streotyped
- 10/07/10 04:29 AM
I have been watching the new homicide show, Detroit 1-8-7 this Fall. I have been watching the show more because it is filmed in and around Detroit. The jury is still out for me whether I will keep the show on my Tivo list, but for now I am enjoying seeing Detroit weekly on the little screen. During this past weeks episode a real estate agent was featured as one of the characters. The show quickly developed the agent as unethical, hiring gang members to scare homeowners to drive down values of homes so that a greedy investor could come in an buy up the homes … (1 comments)
selling: Seasons
- 09/28/10 06:02 AM
One of the things that I love about living in Michigan is that we have actual seasons. Summer is transitioning to Autumn, nights are becoming cool and the trees are starting to display their autumn color finale. I have found that real estate has seasons as well. The seasons of this business caused me to worry when I fist entered the business. However, now that I recognize that seasons are as natural to real estate as they are to creation. So, instead of worrying about the season, or fighting it I have found that I just need to respond to it. … (0 comments)
How Appraisers are getting assignments is a mystery to me these days. Appraisals are becoming the most complicated part of a real estate transaction these days. I wrote in an earlier blog, Party... Not Offer Like It's 1999, about by my Canton, Michigan listing and why my seller took a lower offer because of appraisal concerns. 
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