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Macomb County MI real estate blog

Entries Tagged as 'macomb county mi real estate market'

Multiple offers, deadlines, and “submit your highest and best” aren’t just for bank owned homes in Macomb County lately

May 7th, 2012 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers

Have you been house hunting lately in Macomb County MI?   If you have, you’ve likely heard your buyers agent say “If you like it, don’t want too long to think about it.”     I’ve always hated saying this to my clients, but I would be negligent in my duties as a buyers agent if I didn’t [...]

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Foreclosures are down finally, but that means multiple offers on homes for sale in Macomb County MI

April 12th, 2012 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

The Detroit News has an article this morning about foreclosures and default filings in Macomb County and the Metro Detroit area, and the first thought that came to my mind was:   We’ve been seeing this for months now! Almost every buyer that I am working with has been running in to this problem:  There are [...]

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Still declining? Stabilizing? Rebounding? It depends on where your home is located in Macomb County MI

January 17th, 2012 · No Comments · macomb county mi real estate market

I thoroughly enjoy reading about the real estate market in general, and often find myself nodding along to a point an author makes or wanting to add my 2 cents to the topic.    What I have learned over my 15 years in the real estate industry in the county I live in (Macomb County MI) [...]

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What is shadow inventory? Explaining an often heard term in our real estate market – Macomb County MI

January 12th, 2012 · No Comments · macomb county mi real estate market, tips for home sellers

Shadow Inventory.  It’s a murky term, as the word “shadow” usually means something dark following us around.    When we hear it in a way that relates to our local real estate market, for example Macomb County and the Metro Detroit area, it means homes that are sitting vacant on our blocks and in our subdivisions [...]

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One of those “just when I thought I heard it all…” moments while showing a house in Macomb County

September 2nd, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers, tips for home sellers

Several months ago I read an article written by another real estate agent (in another part of the country) about an incident she had while showing homes to a  young buyer couple. The house was empty (the sellers left for the showing) and the buyers looked at the home thoroughly, even though they really weren’t [...]

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Low-ball offers and how they can affect your purchase of a Macomb County MI home..

August 3rd, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers

I’ve heard it so often that I cringe each time I hear it from a potential home buyer: “So-and-so told me to never offer more than 50% of the list price” or some version of that sentence. My response? If the homes list price is double what the market value is, then by all means [...]

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An increase in calls about “tagged” homes after purchase – what Macomb County buyers should know BEFORE they buy!

June 29th, 2011 · No Comments · Appraisals in Macomb County MI, Buyers agency, macomb county mi real estate market, tips for purchasing a foreclosure

In the last month or so I have received more phone calls about an article I wrote last year that warned Macomb County MI home buyers about “tagged” homes and the certificate of occupancy that is needed before they can move in. There are 2 things I have learned from these calls:    1) Some buyers [...]

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Here we go again..proposed changes to FHA and what it could mean to our Macomb County MI real estate market

June 1st, 2011 · No Comments · fha mortgages and first time home buyers, macomb county mi real estate market, mortgages in michigan

I will probably sound like a broken record   (if you are old enough to remember vinyl records): Once again there is chatter and some serious talk about the government raising FHA down payments to 5%. (Currently the down payment for an FHA mortgage is 3 1/2 percent.)  This is just one of the changes being [...]

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Have you been seeing all the “Fannie Mae Homepath Renovation..” notations on Macomb County homes for sale listings?

April 27th, 2011 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

If you’ve been searching all of the homes for sale databases in Macomb County (or the tri-county area) then I’m sure you’ve been seeing many listings of homes that are Fannie Mae held foreclosures.   One of the nice features of these foreclosures is that many of the homes are approved for a Fannie Mae renovation [...]

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Here we go again..multiple offers, homes selling before you can see them, and it goes on and on. Buying a home in Macomb County? Be prepared to make a quick decision!

March 10th, 2011 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

I didn’t think it would happen during this time of the year (lousy weather, people not anxious to move in the winter, etc) but nothing should surprise me anymore. My buyer client sent me a list of 6 homes that she would like to view tomorrow, and when I pulled up the 6 homes only [...]

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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.