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Macomb County MI Real estate

Macomb County MI real estate blog

A new trend: Paying above appraised price. Have you seen this also on a Macomb County purchase?

September 12th, 2013 · No Comments · Appraisals in Macomb County MI, Searching homes for sale in Macomb County, tips for home buyers

I’ve neglected this blog much too long!  My only excuse is that I have been so busy that I haven’t had time (or energy) to write and keep up with it.    Things are slowing down a bit now that we’re at the end of the “summer rush” and I can finally put in to words […]

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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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“How do I compete with cash offers?” – tips for Macomb County MI home buyers

March 6th, 2013 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers

It’s happening.    The very thing that we saw coming for the last year.   “Bottom” of the market.  In fact, our real estate market in Macomb County is on an upswing in the northern areas of our county.  (Clinton Township / Sterling Heights and north). One of the things that is extremely difficult for home buyers […]

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“I’m waiting for the market to hit bottom” – too late. It has hit bottom and coming back up in Macomb County!

February 6th, 2013 · No Comments · macomb county mi real estate market

This is one of those “if I had a nickel..” type of phrases that I’ve heard over the last 5 years from prospective buyers:  “I’m waiting for the market to hit bottom” or something along that line. Too late.   It hit the bottom and is climbing back up in Macomb County.  How do I know […]

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Low inventory of homes for sale in Chesterfield Township

January 3rd, 2013 · No Comments · chesterfield township, macomb county mi real estate market, tips for home buyers, tips for home sellers

It’s the start of another new year, and this one is going to be exciting for home sellers in Macomb County.  The extremely low inventory of well priced, well kept homes is driving sales prices up once again. I firmly believe the “dragged down” years are behind us for real estate in most of Macomb […]

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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 […]

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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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Sold homes in Chesterfield Township – August 2012

September 4th, 2012 · 1 Comment · chesterfield township, macomb county mi real estate market

It was another busy month for home sales in Chesterfield Township!   A total of 41 homes sold! (I did not include leases/ rentals in this market report). One part of the data that I also did not include is “days on market”.  I find that because of short sales, and the amount of time they […]

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A new credit scoring system has arrived – How to prepare to purchase a home in Macomb County MI

July 31st, 2012 · No Comments · mortgages in michigan, tips for home buyers

Late last fall I started reading about a company called CoreLogic and their enhanced way of looking at a consumers credit and payment history.   One of the newest articles describing what they do (and how it could affect you if you are considering purchasing a home and applying for a mortgage) can be found here. […]

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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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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.