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

Macomb County MI Real estate

Macomb County MI real estate blog

Purchasing a HUD house in Macomb County MI – What does “repair escrow” mean?

February 16th, 2013 · No Comments · tips for home buyers, tips for purchasing a foreclosure

Even though the supply of foreclosures is finally going down in Macomb County, my buyers and I are still seeing new HUD homes come on the market each week.   If my buyers are FHA buyers with limited funds to bring to closing, there is something I watch out for diligently with these HUD homes:  A […]

[Read more →]

Tags:·

What does “highest and best” mean? Tips for purchasing a home in Macomb County MI

December 11th, 2012 · No Comments · Buyers agency, tips for home buyers

Highest and Best – you’ve just heard that term from your buyers agent and start to feel the squeezing of pressure even more after you’ve written your offer on a home. It used to be that we would only hear about “highest and best” when it came to foreclosures.   The banks and asset managers for […]

[Read more →]

Tags:··

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 […]

[Read more →]

Tags:··

One of the most read articles I’ve written – “Tagged homes in the City of Warren” – revisiting this important information for Macomb County home buyers

April 10th, 2012 · No Comments · tips for home buyers, tips for purchasing a foreclosure

Have you recently purchased a home in one of our Macomb County communities that has an “abandoned or foreclosure” ordinance? If you have, you have probably by now realized that if there was a city / township “tag” posted on the front of the home, that you will need to have the city /township building […]

[Read more →]

Tags:·

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 […]

[Read more →]

Tags:···

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 […]

[Read more →]

Tags:·

HUD homes in Macomb County – changes to incentives and a new website

March 14th, 2011 · No Comments · tips for home buyers, tips for purchasing a foreclosure

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 […]

[Read more →]

Tags:·

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 · 2 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 […]

[Read more →]

Tags:·

Foreclosures selling quickly in Macomb County? Not much has changed since 2008

February 27th, 2011 · No Comments · Buyers agency, tips for home buyers

(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 […]

[Read more →]

Tags:·

Macomb County home sales in 2010 – are things perking up?

January 5th, 2011 · No Comments · Macomb County MI real estate market report

Every New Year I enjoy going through both of the Multilist services that I am subscribed to and researching to see how the year past treated us as far as number of homes sold and average sales price. There were a couple of surprises that I liked to see, and one of them was the […]

[Read more →]

Tags:··

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.