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

A point of confusion for home buyers in my area, as well as home sellers, is the role of an FHA appraiser.   The FHA appraiser not only determines fair market value for the home but he/she will also take a peek to determine if there are any issues to what FHA refers to as the [...]

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These last couple of weeks have been a whirlwind of buyer showings and hunting through both MLS databases for homes to view for my clients. One of the things that I’ve noticed consistently over the last few weeks is the fact that so many homes on the market have really horrible photos online for potential [...]

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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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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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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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Is it really April already?   I think this winter dragged on so long that the first few days of April kind of sneaked up on me! This morning I took a peek at the single family residential home sales that happened in the first quarter of this year in Macomb County and realized once again [...]

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Finally back on track (and with some free time!) to analyze a bit more today the homes sold in Macomb County during the past year. Once again the north west part of the county, Macomb Township, showed me in black and white what I had been seeing with my buyer clients:  Stability. There were fewer [...]

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In Michigan as in other states when a home owner puts their home on the market in most instances they are required to fill out a sellers disclosure form. This form really isn’t tricky or difficult to fill out. It has basic “yes and no” questions about whether certain items are in working order and [...]

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Last week I received a call from a condo owner in Sterling Heights. She has had her condo on the market off and on a couple of times and would really like to sell it.  Pricing isn’t an issue, she is realistic about the over saturation of condos on the market and can price her [...]

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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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