Positive signs in the real estate market are being seen on this 14th day of the New Year.
I went on a new listing appointment this morning and ran the numbers for a past client. He will be able to sell his home, which was purchased two years ago as a foreclosure, for a $20 - $30,000.00 profit. He is selling in order to move closer to work and should still be able to get a good deal on the buying end.
I also have formed a relationship with a property investor who owns and manages many Ann Arbor rental properties and has done so for the past 20+ years. Students attending the University of Michigan always need a place to live and there are great opportunities for investors. I have exclusive knowledge of and access to many campus properties that are not listed on the Ann Arbor MLS. Since the housing prices have dropped over the past few years, including investment properties, it is an extraordinary time to purchase a campus investment property. A time that may afford you an opportunity you have not had in the past.
I am holding an Open House in Burns Park on Sunday, January 17, 2010. The Open House traffic these past couple weeks has been outstanding which is another positive sign in the Ann Arbor Real Estate Market.
1241 Olivia, backs to Burns Park Elementary School. Open Sunday 1-3. $296,000.00