metro detroit home listings: Question: Where can I find a great Metro Detroit fixer-upper that is a great deal?
- 11/01/11 06:57 AM
Question: Where can I find a great Metro Detroit fixer-upper that is a great deal? Answer: First let’s define a fixer upper. It is a home that is priced below market and needs TLC. It needs work and money to make it your home. You can find fixer-uppers in most Metro Detroit communities. Even wealthier neighborhoods like Birmingham, Northville, and Grosse Pointe have fixer uppers. Finding one that makes financial sense takes work and time. Buying a Metro Detroit fixer upper requires some savvy. You need to know the costs of bring that property up to good condition. … (0 comments)
metro detroit home listings: First Time Home Buyer Tips
- 10/19/11 05:02 AM
What do you need as a first time home buyer? Here are some first time home buyer tips. Figure out how much you can afford for a house payment. Sit down and think about how much you can truly afford to pay each month for a house. You want to be able to live and enjoy life. Then get Pre-Qualified: Meet with a mortgage broker and find out what the rates are and how much home you can afford to get with the payment you have decided on. Get a pre-approval letter. In Michigan most agents will not accept an … (3 comments)
Hi Everyone, Just curious.. how many of you have seen the latest news about Metro Detroit real estate? It’s exciting news about the four Metro Detroit County "Summer Sizzle" for home sales and media value increase! When is the last time we heard good news from the papers about the local real estate market? Just to fill you in on some of the numbers which were shared; Home sales were up in Livingston and Oakland Counties almost 30% and with Wayne County up over 12%. Prices were up as well with the median price up … (0 comments)
metro detroit home listings: Selling an estate home (after a death)
- 08/13/10 03:47 PM
When selling any home you should clean up the messes. But for some reason when it comes to estate homes people don't want to do anything. Many people don't want to invest any time or money into a home to get it to sell. What they don't realize is that they are losing money. It is not unusual for estate homes to be Fixer-uppers. Many times they end up selling below fair market value because there is so much work needed. So my advice to you is to step back and evaluate the home. Sometime simple low cost repairs can bring up … (6 comments)
metro detroit home listings: Searching for a suburban Detroit home - what site to look on?
- 12/15/09 12:50 PM
Lately some of my clients have been sending me Detroit suburb listings but unfortunately many of the listings are sold or are pending. So I started asking what sites they were looking on. I started hearing some of the same names. The clients were getting frustrated that the Detroit suburb homes they were wanting to see were gone!!!! The two websites that are best to search Detroit suburb listings on are www.Realtor.com and www.MoveinMichigan.com These two sites are the best sites to search because they are directly affiliated with our local Metro Detroit MLS. The local Metro Detroit MLS is basically affiliated with the … (1 comments)
My advice as one of the "older" generation is to enjoy life. If you have the ability to live at home for free, then buying a home may not be a smart idea. Maybe saving more for a down payment might be smarter. Sure right now is a great time to buy. We have homes that are at some of the lowest prices since before the 1990's in many parts of the country. In the Metro … (5 comments)
metro detroit home listings: Getting ready for the new Metro Detroit foreclosures coming
- 11/29/09 02:32 PM
Yes there are going to be quite a few new Metro Detroit foreclosures coming. Between the moratorium that President Obama put on foreclosures and the moratorium that Governor Granholm put on them we don't have many Metro Detroit foreclosures right now. Plus Fannie Mae the quasi government middle man is under going some procedure changes. So some homes have been pulled off the market. Even the big foreclosure real estate agents have a small inventory. What has happened is that the moratoriums did not end until May. So it takes us here in Michigan 6 months longer because of the homeowner … (2 comments)
metro detroit home listings: Is it a good time to buy Metro Detroit real estate or not?
- 11/21/09 11:07 AM
Some people are waiting to buy Metro Detroit real estateand others are jumping into the real estate market. Of course Yun from NAR is spinning again. Like the last 2 years he is calling the bottom and still saying it's a great time to buy. My thoughts are it's only a good time to buy if you are secure in a job. It's only a good time to buy if you can afford the payments on a new house. It's only a good time to buy if you have some extra money as a backup for repairs. Is it the best … (1 comments)
metro detroit home listings: So you think your big payday is coming
- 09/08/09 02:35 PM
You have an inheritance coming. But the problem is that is tied up in a house. The worst thing you don't realize is that it is an old house. Sure to you it may be mom's house, or the house your grew up in. But to a Wayne County home buyer it is just old or just plain ugly. All the Wayne County home buyer thinks is how much money it is going to cost to replace the carpet or how much to do all the repairs. Many of them can't afford to make the repairs. So they won't buy your house. So … (3 comments)
metro detroit home listings: 7 items every Metro Detroit first time homebuyer should be looking at
- 08/09/09 02:00 PM
There are 7 items in a home that every Metro Detroit first time homebuyer should be looking at. 1.) Roof. How old is the roof? How many layers are there? How are the valleys? Are any of the shingles curling or bowed? 2.) Kitchen. Is the kitchen updated? Or is older and needing updating. A kitchen remodeling can cost from $10,000 to $50,000 depending on the size. 3.) Furnace. How old is the furnace? Is it rusted. If it is over 15 to 20 years old it may need to be replaced soon. A furnace can cost over $3500 to replace. … (2 comments)
metro detroit home listings: The litigation train is coming
- 08/06/09 02:13 PM
Are you on board or are you smart enough to be standing on the side of the tracks. For all the agents that are doing short sales and not getting a release of liability for the deficiency for their sellers you may be in trouble in the future. I am amazed at how many real estate agents that are not doing this. Banks like Bank of America is not giving those deficiency release letters out. So that means sellers can be on the hook for the difference between sales price and the amount they owe. If your client gets a bill … (6 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
Question: Where can I find a great Metro Detroit fixer-upper that is a great deal? Answer: First let’s define a fixer upper. It is a home that is priced below market and needs TLC. It needs work and money to make it your home. You can find fixer-uppers in most Metro Detroit communities. Even wealthier neighborhoods like Birmingham, Northville, and Grosse Pointe have fixer uppers. Finding one that makes financial sense takes work and time. 
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