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A condo in Sterling Heights MI sold that wasn’t a foreclosure? You bet!

February 18th, 2009 · No Comments · macomb county mi real estate market, sterling heights, tips for home sellers

There is so much misconception out here in Macomb County about how next to impossible it is to sella condo, especially one that isn’t a
foreclosure or a short sale.  Today I’d like to talk about a condo in
Sterling Heights that sold yesterday that wasn’t a foreclosure (or a short sale) but was lovingly maintained by the original owner.

I placed this lovely condo in the Coves of Sterling Heights on the market on September 9th of 2008.

33909 Birchwood the Coves of Sterling Heights MI condo sold
On Janary 20th of this year the seller accepted an offer on her condo. This was just 131 days on the market during a time when the average
total days
on the market for condos in Sterling Heights is 208.

The average selling price for condos during this time period (Sept. 9, 2008 through February 17, 2009) is a low $58,229. The seller of this condo received $122,500.

How did she achieve her goal of selling her condo in what is being touted as the worst sellers market many of us have ever seen?

*The condo was priced well from the beginning and only had small price change since September 9th to keep  it in line with others in the area.

*The seller kept her home in showing ready condition each and every day.

*She never turned down a showing request. (I can’t stress enough the importance of always saying “yes” to a request by a buyers agent to show your home if you have it for sale. One turndown because you are tired or busy or have guests could mean that you lose out on the buyer for your home.)

*Marketing: She allowed me to do what I do best – marketing the condo or home to show it to its best advantage.

One other misconception: “Buyers are only buying foreclosures or short sales.”   Not true. Of course the majority of buyers are purchasing the foreclosures in Macomb County but there are buyers who are tired of viewing the homes and condos that are in poor condition.   Some buyers (as in this case) do not want all the work and expense that buying a foreclosure or short sale can bring. The buyer of this condo in Sterling Heights appreciated the condition of this home and did not want something that needed much work or expense after moving in.

Congratulations to the seller of this condo in Sterling Heights and the new owner of this home.  I hope they both will be very happy in their new homes and look back upon this process as one that was as stress free as possible.

~Kris Wales~  A partner for your real estate needs in Macomb County MI

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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.