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Macomb County MI Real estate

Macomb County MI real estate blog

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 that he had been on my website frequently and had his eye on a bank owned home that was on the market. He said that he had been watching it weekly waiting for a price drop before he would call me to ask to see the interior.

From the subject line of this article you can all guess what took place.

While I was on the phone with him I looked in the database and sure enough the home was not active anymore, but had an offer pending.

I could hear the disappointment in his voice.

The changes in our housing market is happening. It’s real. I see signs that are subtle but very positive:

  • Homes are being priced with current market value in mind more often right from the start.
  • Bank owners are lowering their prices more often, and more aggressively.
  • Buyers are making offers on homes and having their offers accepted.

To avoid being disappointed because the home you had your eye on is sold before you had a chance to look at it, and offer to purchase it yourself, please keep in mind the following:

A buyers agent will work for you and keep an eye on the market (and specific homes) daily.

Take the time to make that initial “Get to know you” meeting with a real estate professional at his/her office.  Talk with him/her about your needs and your wants and desires. It will be well worth your time.  We don’t bite.  I promise.

~Kris Wales~ A partner for your real estate needs in Macomb County MI
SEARCH Metro Detroit homes for sale with MLS provided data

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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.