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Macomb County MI real estate blog

Why an FHA appraisal matters to buyers of a home, not just the sellers! Helpful tips for Macomb County MI home buyers and sellers

April 5th, 2012 · No Comments · Appraisals in Macomb County MI, fha mortgages and first time home buyers, tips for home buyers, tips for home sellers

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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If you’re selling your home, please check the photos that your agent is using –tip for Macomb County MI home sellers

March 23rd, 2012 · No Comments · tips for home sellers

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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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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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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Macomb County home sales – first quarter of 2011

April 5th, 2011 · No Comments · first time home buyers, Macomb County MI real estate market report, tips for home sellers

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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Homes sold in Macomb Township MI – year ending 2010

January 17th, 2011 · No Comments · Macomb County MI real estate market report, Macomb Township, tips for home sellers

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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Disclose, disclose and oh – disclose!

November 7th, 2010 · No Comments · tips for home sellers

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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HUD approved condos in Macomb County – part 2

May 24th, 2010 · No Comments · Condos in Macomb County MI, tips for home sellers

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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Home sale statistics for March 2010 – what we’re seeing and how it relates to a housing recovery in our area

April 14th, 2010 · 1 Comment · macomb county mi real estate market, Macomb County MI real estate market report

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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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.