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Macomb County MI real estate blog

Entries Tagged as 'Condos in Macomb County MI'

Are condo sales picking up in Macomb County?

March 27th, 2013 · No Comments · Condos in Macomb County MI

The condo segment of our real estate market was hit especially hard during the last few years, more so than the single family residential sales.  A couple of things contributed to the severe decline in market values for condos: The lack of financing available, combined with higher down payment amounts when you could find a […]

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HUD owned condos – different rules for FHA financing

October 6th, 2012 · 4 Comments · Condos in Macomb County MI, tips for home buyers, tips for purchasing a foreclosure

We (agents and home buyers) are all getting used to the fact that if a home buyer is using FHA as their mortgage financing for a condo, that the condo must be in a HUD approved condo complex.   (Lots of fun for the buyers agents and buyers to find what they want within a complex […]

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Still no relief for condo buyers in Metro Detroit – financing tough to obtain

September 16th, 2012 · No Comments · Condos in Macomb County MI, tips for home buyers, tips for home sellers

Over the last few years as mortgage money has tightened up, one of the  hardest hit casualties has been in condo financing.  When I have a home buyer client able and willing to purchase a condo it can often be an eye opener to them that unless they have cash, or a large down payment, […]

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More phone calls about HUD approved condos and FHA financing

December 6th, 2011 · No Comments · Buyers agency, Condos in Macomb County MI, fha mortgages and first time home buyers

I’ve received a couple of phone calls within the last month from condo buyers (with their own buyers agents) who are stumped and confused about purchasing a condo with FHA financing. (The part that confuses me is why buyers are confused when they have hired a buyers agent, but that’s food for thought for another […]

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Condo association blogs? Wish they would all do this!

January 3rd, 2011 · No Comments · Condos in Macomb County MI, tips for home buyers

This morning as I was researching a condo for sale in The Manors at Central Park in Shelby Township I found a nice surprise:  A blog written and updated regularly by Mike Grobbel who is a co-owner / member of the board of directors. I have to tell you, I am thrilled with the information […]

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FHA & buying a condo – excellent article that helps to explain the difficulty in the changes

October 11th, 2010 · 1 Comment · Condos in Macomb County MI, fha mortgages and first time home buyers

For almost a year now I’ve been talking about and following the changes within HUD and FHA for buyers who wish to purchase a condo.  When the guidelines first came out I read through them and wondered “How can we best help our buyer clients get through this?” The answer has been and will remain:  […]

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Condo purchasing in Macomb County with a conventional mortgage

July 1st, 2010 · No Comments · Condos in Macomb County MI, tips for home buyers

So many changes in the mortgage industry, so much to keep up with. This is why I ask questions so often of my trusted mortgage lenders in the area.  What may have been true last week might have changed this week. As anyone who has purchased a condo over the last few months, or has […]

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HUD approved condos in Macomb County – part 2

May 24th, 2010 · No Comments · Condos in Macomb County MI, tips for home sellers

Last week I received a call from a condo owner in Sterling Heights. She has had her condo on the market off and on a couple of times and would really like to sell it.  Pricing isn’t an issue, she is realistic about the over saturation of condos on the market and can price her […]

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A heads up for condo sellers in Macomb County MI – double standard at play here?

May 15th, 2010 · No Comments · Condos in Macomb County MI, tips for home sellers

A while back I received an email from someone who wanted to know if there is a list of HUD approved condos that she could look over.  I directed her to HUDS site that is updated when condo sites are approved, searchable by state, city or zip code. This morning I had some free time […]

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FHA and condo purchases in Macomb County

April 6th, 2010 · No Comments · Condos in Macomb County MI, tips for home buyers

If you’ve been trying to purchase a condo using an FHA mortgage then you’ve probably run in in to the new HUD rules regarding them.  One website that I’ve found extremely handy for my condo buyers is this one. It is so much easier to first search for HUD approved condo  sites and then do […]

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.