farmington hills foreclosures: Dear Mr. & Mrs Seller - Farmington Hills home selling tips
- 06/15/10 03:16 PM
Now that summer is here here are some summer Farmington Hills home selling tips. Michigan home buyersare out in force right now. After they look at pictures of your home on the internet many times they will do a drive by. They don't call to tell you that they are coming by. They don't send you an email to let you know. Your real estate agent doesn't call you. So when you are selling your Farmington Hills home you need to keep the outside looking good. Here are my tips: If you have a junky looking or overfilled garage … (1 comments)
farmington hills foreclosures: How long has that Farmington Hills foreclosure been empty?
- 03/31/10 01:51 PM
I got a call from a young lady and she asked "How long has that Farmington Hills foreclosure been empty"? Unfortunately none of us know. I can go on line and find out when it went into foreclosure, or when the redemption period was up. But the bank doesn't give out the information, and probably doesn't have the information of when the people moved out. Sometimes the owners move out in the dead of night. They many times don't give the bank notice that they left. They are usually are mad at the bank. They just shut off the utilities and leave. … (4 comments)
farmington hills foreclosures: Farmington Hills real estate update - Median sales prices
- 03/24/10 03:50 PM
Here is an interesting graph of Farmington Hills real estate, the graph shows median sales prices per sq ft. Now this is an interesting graph because it gives you a general idea of what many Farmington Hills homes are selling for. There is no doubt in my mind that many Farmington Hills homes are selling for less than a $100 a square foot. So don't take this graph as absolute gospel truth. You see the average price per square foot I bet is higher. Probably closer to the $100 a square foot. Median Sale Price / sq. ft.You need the latest … (0 comments)
farmington hills foreclosures: Buy for the long term
- 03/07/10 12:14 AM
Unfortunately the real estate market is not coming back anytime soon here in Southeastern Michigan. We are not going to see rapid appreciation in home values in the next five years. It is simply because of the economy and all the foreclosures. All the people that have gone into foreclosure can not buy a home for at least three years. Many will never be able to buy again because the lenders guidelines have changed. Then they have to save for a larger down payment. The trend is for buyers to have at least 5% down. This is a big change for … (3 comments)
farmington hills foreclosures: Farmington Hills Real estate update
- 02/12/10 02:29 AM
Here is what is happening in Farmington Hills real estate in the last six months. If you notice Farmington Hills homes are still taking about 4 months to sell. And if you look at the table below you will also notice most of the homes that are selling are selling are under the $210,000 price point.
There are still lots of great deals out there and many beautiful Farmington Hills home that still are hitting the market. When you are ready to start looking feel free to call or email me to help you find the homes of … (2 comments)
farmington hills foreclosures: Why the bank took a lower cash offer - Farmington Hills real estate
- 01/06/10 12:14 PM
Here is why the bank took a lower cash offer over your offer on the Farmington Hills home. Banks prefer cash deals for these reasons: cash deals can close within a month. They close quicker than mortgage deals that take 30 to 60 days.. cash deals don't require an appraisal. There is no chance that the deal will fall apart because the house didn't appraise. cash deals don't have a mortgage. The deal can't fall thru because of mortgage problems such as debt ratios, and underwriting issues. cash deals don't depend on the buyer having a job. If the buyer … (1 comments)
farmington hills foreclosures: Is it time to downsize your Metro Detroit home?
- 11/08/09 11:24 AM
Lately it has been hard to downsize your Metro Detroit home because selling your Metro Detroit home would have lost you a lot of money. Most Metro Detroit homes have lost 30 to 50% of their value. So if a Metro Detroit home buyer sold their home and downsized their home they would lose money by buying a smaller home. Let's say you own a 2400 square foot Farmington Hills home that was once worth $300,000. Now it's only worth $200,000. But now you want to downsize to a 1000 - 1200 square ft Farmington Hills condo. But you hated to … (0 comments)
farmington hills foreclosures: Farmington Hills real estate update
- 11/01/09 12:28 PM
Here is what is happening in the Farmington Hills real estate in the last six months. There have been 418 Farmington Hills homes that have sold in the last six months. Out of 418 Farmington Hills homes 314 of them have been under $210,000. The average sold price for Farmington Hills homes is $162,873.00 (the last six months) and on the average they took 120 days to sell.
I hope this quick Farmington Hills real estate update gave a glimpse of what is happening in Farmington Hills. Information Courtesy of Real Comp II Ltd.
… (0 comments)
farmington hills foreclosures: Farmington Hills Michigan offers homebuyers assistance
- 07/29/09 03:59 PM
Yes Farmington Hills now is going to offer Homebuyers Assistance Through Neighborhood Stabilization Program The City of Farmington Hills is now offering help to qualified people who wish to purchase vacant foreclosed houses in the City as their principal place of residence. The program is intended to stabilize neighborhoods and provide affordable housing to those who meet the criteria. Get the help you need to buy a Farmington Hills foreclosure. Under the newly-established Neighborhood Stabilization Program (NSP), individuals who meet specific program guidelines can receive financial assistance to purchase vacant foreclosed houses in Farmington Hills. The program is being financed by … (1 comments)
farmington hills foreclosures: I got a call today
- 10/28/08 02:06 PM
This investment property buyer was looking at Farmington Hills homes with another agent. It was a 1000 square foot Farmington Hills foreclosed home. The Farmington Hills home was only listed at $26,000. Well the home buyer looked at the property. It was in decent shape. And then he wanted to go back and look at it again. But by then the investment property was already pending. If you are looking at Metro Detroit foreclosed homes and the home is a bargain priced you need to act quickly. If the home if priced way below current market prices for similar homes don't … (4 comments)
Related Links:
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Michigan and Metro Detroit area real estate. Local, up to date by a Michigan real estate specialist. Novi Real estate, Livonia real estate, Northville real estate, Wayne county real estate, Oakland County real estate, Livingston county real estate. Buyers and sellers tips
Currently there are 29 Farmington Hills foreclosures for sale (Farmington Hills, Michigan). On average these homes have been on the markert for 169 days.
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