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Entries Tagged as 'macomb county mi real estate market'

Buyers beware - call the city or township building department before purchasing a Macomb County MI foreclosure

August 6th, 2010 · 1 Comment · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

Once again I was reminded this morning that home buyers are having a difficult time receiving accurate information from their real estate agents regarding tagged homes on foreclosures.  Many Macomb County communities now have in place an inspection of foreclosure homes by the building departments before you will be issued a certificate of occupancy.  Without [...]

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Call to action: FHA changes coming and we can give our input!

July 20th, 2010 · No Comments · fha mortgages and first time home buyers, macomb county mi real estate market

Just when I think the dust is settling a bit with the mortgage changes we receive another whammy.   Currently there are discussions going on about FHA mortgages and changes to the standards that will have a horrible affect here in Metro Detroit, and other areas of the country.
If you’ve thought about buying a home with [...]

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Viewing homes on these hot humid days -notably, foreclosures and other vacant Macomb County homes

July 12th, 2010 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

During the cold winter months I long for summer. Viewing the foreclosures and vacant homes in the winter isn’t much fun.  In fact, it can be quite challenging and uncomfortable.  My buyers and I cringe each time we trudge our way through snow drifts to enter the home, and no relief is found on the [...]

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Investors: Looking for an Eastpointe home?

June 16th, 2010 · No Comments · Eastpointe, macomb county mi real estate market

This home just went on the market today.

It’s a wonderful investment home priced well
at $29,900.  Clean, updated and better yet - it’s
NOT a short sale or a foreclosure!
Please contact me if you have any interest in this
lovely Eastpointe home.
~Kris Wales~ A partner for your real estate needs in
Macomb County MI
Search Macomb County homes for sale

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“Normal” sales versus foreclosure sales prices in Macomb County MI

April 23rd, 2010 · No Comments · macomb county mi real estate market

Last week I received an email from a past client who purchased a home in St. Clair Shores several years ago.  She wanted to know how sales were going in her area, and if we are seeing signs of market recovery yet.
What I found was actually rather encouraging: A couple of homes similar to hers [...]

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Home sale statistics for March 2010 - what we’re seeing and how it relates to a housing recovery in our area

April 14th, 2010 · 1 Comment · Macomb County MI real estate market report, macomb county mi real estate market

One of our area multilist associations (Realcomp II Ltd.) has just released the March 2010 housing sales report and I have to say, I’m excited about what I’m seeing.   Most real estate professionals feel that the housing market will truly show signs of a recovery when 3 things happen consistently:    Number of homes on the [...]

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Home sales up in Macomb County - will it continue?

April 13th, 2010 · No Comments · macomb county mi real estate market

The Detroit News had a nice article yesterday about Metro Detroit home sales increasing during March of this year.   One question that it brought to my mind though is this:  Will it last?
Real estate professionals in Macomb County and the surrounding Metro Detroit area have been witnessing the rising of the number of homes sold [...]

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Most frequently asked question this year: “Is there down payment assistance left in Michigan?”

March 22nd, 2010 · No Comments · macomb county mi real estate market, mortgages in michigan, tips for home buyers

Yes.  In Michigan there is a program called MSHDA that still has down payment (and closing cost) assistance to home buyers.  There are income limits, however they have become more generous over the years.  There are also purchase price limits, but as with the income they are also higher than in years past.
For example: [...]

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Only 50 days left - the 1st time home buyers tax credit will expire

March 11th, 2010 · No Comments · Tax credit for first time home buyers in Macomb County MI, fha mortgages and first time home buyers, first time home buyers, macomb county mi real estate market, tips for home sellers

Last year when the first time home buyers tax credit was close to expiring we heard talk about it being continued.  And it was.  This time around however there isn’t even a whisper of that happening.
Please, if you are at all considering buying a home to take advantage of the up to $8000 in Federal [...]

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Making an offer to purchase a Macomb County home? Ask your buyers agent to help you avoid an appraisal issue

February 5th, 2010 · No Comments · Appraisals in Macomb County MI, macomb county mi real estate market, tips for home buyers

When you plan on purchasing a home using mortgage money it doesn’t matter what type of mortgage you are applying for (FHA, VA, Conventional) - your mortgage lender is going to order an appraisal of the homes value.
They will want to make sure that the amount of money you are asking to borrow is not [...]

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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.