realtor: Quarton Lake Estates - Birmingham Michigan Weekly update - Mike Sher - 12/16/13 04:51 AM
 
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realtor: Birmingham, MI Short Sale Realtor asks "Is Your Mortgage out of Balance with your Budget?" Certified Distressed Property Expert - 02/28/12 01:33 AM
It can happen quickly.  
An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.
 Once the scales turn against you, it can feel like it is impossible to ever tip them back in your favor again. When your financial problems reach the point where they threaten your home, it is difficult to manage the stress. Sometimes it is even difficult to force yourself to seek help.
As a real estate professional who has … (0 comments)

realtor: Birmingham, MI, Real Estate, A Short Sale Could Save You from Foreclosure! - 12/17/09 09:00 AM
There are millions of homeowners who owe more on their home than it's worth and don't know what to do. If you or someone you know is in this situation, I'm here to let you know that there are answers.
However, there's also a lot of confusion in the market today. One myth I often hear is that one particular option-a Short Sale-is basically the same as foreclosure. The people who say this couldn't be more wrong!
I want you to know the real facts, and to let you know that there are answers available.
At WWW.ShortSaleOaklandCounty.com I've prepared a free … (0 comments)

realtor: Buyer Agent Realtor Tip #1, "To Get A Great Buy, You Need To Be Ready Willing And Able To Act Fast, Birmingham, Michigan! Mike Sher - 09/10/09 04:02 AM
Just closed on a great home right in Down Town Birmingham!!  Yes it was a Foreclosure and yes it took for ever to close, but well worth it.   After texting my buyer about the home moments after it went back on the market. We walked through the door and knew it was a steal of a deal.   How did he know, because we lost 3 other homes just like this one because we wrote too late and too low. 
This time, we were not going to be 2nd fiddle.  I pulled out my netbook and wireless internet card and wrote the … (1 comments)

realtor: Positive Roll Call!! List positive things that has happened the week of 5/11/09 to keep our spirits high! - 05/15/09 04:02 AM
Time for The Friday Roll Call!!!! Let's get positive!!
I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
1. had two closings this week and one more next week.
2. We are very busy.
3. Was quoted in the Detroit Free Press.
4. The weather in Detroit is great!!!.
5. Leased two vacant rental homes this week.
6. Feeling good, focused and positive.
*** We all have one thing in common; we each share a 24 hour day.  What we do with those hours makes each of … (46 comments)

realtor: Short Sale Tip #5, School is never out for a Short Sale Realtor. Birmingham, MI - 04/22/09 10:23 PM
I have taught hundreds of agents how I do short sales.  I have negotiated 40+ short pay offs for my clients and yet, I know a fraction that is out their. 
 I just got back from a CDPE (Certified Distress Property Expert) class.   It was awesome!!  I took away so much information, good ideas and perspective to last me a long time. 
 So, take a class in Short Sales soon.  If you have already taken one, take another.  I have gone to a dozen and I'm still hungry for more!!  Google short sale classes in your city or state.  Call your local … (3 comments)

realtor: Short Sale Realtor Tip for the day!! #1: Inspections, Novi, MI - 03/31/09 07:12 AM
As some of you have experienced, there is nothing more frustrating then getting a Short Sale approved and then the buyer walks after inspection because of a nit picky reason.  The steam rises from your ears after you wasted 45 days of pushing paper, faxing, begging, updating HUD's and thousands minutes on hold to get the deal of the century approved for an ungrateful buyer.
 Tip #1, add this clause to all of your Short Sale PA's
 ***If Buyer conducts a private property inspection, it needs to be done with in 7 days of seller acceptance (not Short Sale approval). It is understood … (5 comments)

realtor: Positive Roll Call!! List positive things that has happened the week of 3/16/09 to keep our spirits high! - 03/20/09 03:30 AM
Let's get positive!! We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read and post a positive thing or two. I will start!!:
Had 4 closings in the past 7 days. Had two inspections and both buyers thrilled with the homes they were buying. My buyer is buying a home for $255K and it just appraised for $308K I ran a St. Patty's 4 mile race with some collage buddies and had a … (5 comments)

realtor: Postive Roll Call!! List positive things that has happened the week of 3/09/09 to keep our spirits high! - 03/13/09 01:49 AM
Let's get positive!! We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
Got a Sheriff sale postponed for one of my short sale listings. Have two closing today and an inspection for one of my buyers. Another buyer got her offer accepted. My short sale class that I am teaching is sold out!! The stock market is up for 3 days straight. Spent a … (38 comments)

realtor: List a positive thing that has happened the week of 3/02/09 to keep our spirits high! - 03/06/09 04:41 AM
We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
Two of my short Sale Seller's accepted offers this week. I helped my buyer beat out 5 other offers on a great buy in Canton My buyer got a clear to close on a nice home in Sherwood Forest, Detroit. I love what I do and I love to do it!! I am going to … (69 comments)

realtor: List a positive thing that has happened the week of 2/23/09 to keep our spirits high - 02/27/09 05:24 AM
We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
I was able to get a bank to take a short sale offer. I am the agent on both sides and everyone both buyer and seller are thrilled! My seller will be forgiven for the full deficiency. I went away for 5 days and took my wife and kids skiing. I had my very competent … (81 comments)

realtor: Short Sale Tip “Meet the BPO or Appraiser Sent By The Bank”! - 02/27/09 02:54 AM
As you are aware, the bank requires an independent assessment of value for the asset that you are short selling. These agents and appraisers are getting paid very little for what they do and are overworked. Make is easier for them, meet them at the home. Give them some comps that make sense. Remember, your short sale is in their hands. They are going to spend a few minutes in that house, pull up some comps from the MLS and reporting to the bank the value.
As you know, many agents MLS inputting skills are very sloppy!! Often agents may be … (14 comments)

realtor: Fannie Mae Will Not Allow Servicers to Cut Realtor Commissions if they are 6%!!! - 02/26/09 07:16 AM
Great News for us Short Sale Realtors fighting the good fight.  Fannie finally gets it!! We Realtors are saving them Billions of Dollars by performing pre-Foreclosure Sales, (Short Sales).  In the past, the servicers were bulling us around, threatening to cut are commission if the buyer asked for concessions or if the seller was not willing to contribute to closing cost or just to cut our commission because they could.  See below and then my commentary to follow!!
No Negotiation of Preforeclosure Sales Commission Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers Effective March 1, 2009, closing of preforeclosure sales … (8 comments)

realtor: We have to work together, so let try to be nice. - 02/16/09 09:40 AM
I just got a very curt email from a listing agent.  The email was combative, angry and packed with sarcasm.  The listing agent was working off of misinformation and instead of assuming the best out of me, she assumed the worst. 
This is just one of the many emails, phone calls and text messages from co-op agents that just were not nice.  I know that times are tough; our clients are petty, angry, mad, sad and never glad!!   This economy has brought out the worst in everyone.  We may be their agents but we do not have act like them.  And … (3 comments)

realtor: List a positive thing that has happened this week to keep our spirits high - 02/13/09 01:26 AM
List a few positive things that has happened this week to keep our spirits high. 
 We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating a post just to allow all of us the opportunity to read a positive story or two. I will start!!
This week I was able to get a bank to accept a short sale. I listed 2 homes that will be short sales, the seller are willing to take Responsibility and sell it then to run from the problem!! I saved my buyer from a … (5 comments)

realtor: Short Sale Class in Troy MI March 24th 9am-12pm - 02/13/09 01:16 AM
Only nine more seats left for my Short Sale Class March 24th 9am-12pm (Troy). 
Thriving with Short SalesForeclosure agents presently control a high percentage of the homes-sold market share: short sales are a way for traditional REALTORS® to capture that business. Short sales allow you to have saleable-priced listings that will attract more showings, sign calls, Internet leads and help control inventory. Short sales will keep you busy, and a busy REALTOR® is upbeat, focused and confident.
Topics include prospecting for short sales; converting a phone call to an appointment; listing presentations; hardship, documents and how to protect your commission; introduce … (1 comments)

realtor: Royal Oak Is Named "extraordinary suburb" - 02/11/09 12:23 AM
 The secret is out, Royal Oak is a great place to live, visit and enjoy!!  If you know anyone who would like to move here, have them give me a call!!
 Mike
Royal Oak named "extraordinary suburb"The Congress for the New Urbanism recently honored Royal Oak as one of the 10 best communities at controlling urban sprawl, revitalizing and creating workable, eco-friendly Main Streets. The list:
Montgomery County, Maryland (Washington, D.C.) Tempe, Arizona (Phoenix) Suisun City, California (Bay Area) Shaker Heights, Ohio (Cleveland) Royal Oak, Michigan (Detroit) Hammond/Whiting/Gary, Indiana (Chicago) Burlingame/San Mateo, California (Bay Area) Delray Beach, Florida (Palm Beach) Markham, … (0 comments)

realtor: It is nice to be loved! Short Sale Seller expresses her appreciation. - 01/06/09 06:02 AM
It is nice to be loved!!  Below is a letter from one of my past short sale sellers.  This job is more about the people we help then anything else. 
Dear Manager of Real Estate One, Royal Oak,
We wanted to let you know how much Mike Sher helped us with the sale of our home.  Our home had been for sale for two years with three other Real Estate Agents with no success.  We were frustrated and tired.  We knew that the problem was that our home was worth less then what we owed our lenders.  The other agents did … (2 comments)

realtor: If you survived 2008, you will thrive in 2009!!! - 01/04/09 05:32 AM
Friends, Realtors and Sellers lend me your ear.  The time for excuses are over.  2008 is in the history books.  It brought job losses, a financial freeze, billion dollar bail outs, slumping economy as well as Wall Street and Main Street deflation.  But that "was then and this is now".   As I woke up this cold January morning, the sun still rose from the east.  The birds, (those tough enough to brave the Michigan winter) we chirping and I realized, the world was not coming to its end.
It is time for us to forge our new path; the road ahead … (12 comments)

realtor: "Excuses are the barriers we create to justify our failures." , Mike Sher - 12/06/08 05:52 AM
Do not give up Buyers, Sellers, Realtors and all others a like.  Times are tough but do not allow the negativity of the other steal your drive.  Anything is possible if you believe in yourself.   I work in the Detroit Metropolitan area.  The economy is 2nd to none when it comes to layoffs, bad news and bad weather.   Yet I still sell homes, why?  Because I know I can.  Because while others cry, complain and create a barrier to success, I smile, believe and make it happen.  If a buyer walks away, find another buyer.  If a bank will not accept … (1 comments)