Chat about Macomb County MI real estate & Homes for sale search site

Edited January 12th , 2012.   The author of the article referenced below has decided to take his blog article down.  I am thankful he did that, since he didn’t allow any comments on his blog to address the outrageous claims he made in a public manner.
Perhaps dumbfounded isn’t the right word.  Outraged.  Incredulous.  Shocked.  Saddened. [...]

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One of the most confusing aspects of the purchase process for home buyers is sellers concessions. They’ve heard their mortgage lender mention it, in lieu of the buyers needing to bring to closing all of their closing costs, pre-paids, etc.    It’s also been discussed with their buyers agent during the process and [...]

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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 [...]

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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 [...]

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One of the most frequent issues that I run in to while representing a home buyer in my area (Macomb County, St. Clair County, Oakland County) is the fact that so many homes are foreclosures (bank owned) and my buyer clients are using an FHA or VA mortgage.
FHA has what I term “health and safety” [...]

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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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More often than not, when a home is bank owned the utilities to the home have been turned off.   I would venture to guess that in the Macomb County MI area 75% of the foreclosed homes are without electricity, gas or water.
Pre-planning when writing your offer to purchase the home and estimating closing and inspection [...]

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HUD has changed its asset manager in Michigan, as well as the incentives they used to offer. (Much of last year there was a $2500 bonus to HUD home buyers that could be used to help pay for their closing costs.)   This is no longer available, so anyone thinking of purchasing a HUD home in [...]

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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 1 [...]

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(I wrote this article in 2008, and a recent email inquiry from a prospective foreclosure purchaser reminded me of it.  Not much has changed since 2008…)

A phone call the other day illustrated to me once again how quickly our real estate market here in Macomb County is changing.
The gentleman who called told me that he [...]

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