I’ve been seeing an interesting phenomenon this year. Seems like some home buyers are so driven to “get a great deal” that they’re buying homes they aren’t even that excited about living in! I’ve been financing houses since 1990 and for the most part people are generally buying houses to improve their quality of life. [...]
by Maureen Francis on July 30, 2008
in Beverly Hills MI Real Estate,Birmingham MI Real Estate,Bloomfield Hills MI Real Estate,Buyer Information,Luxury Homes,Market Updates,Metro Detroit,Royal Oak MI Real Estate,Seller Information,Troy MI Real Estate
The last few months have been whirlwind for Dmitry and me. In spite of all that you hear about the crummy housing market, we, through hard work, good fortune and a bit of creative thinking, find ourselves square in the middle of our best year in real estate-EVER. Yes, you read that right. Our best [...]
I think we can all agree the housing market needs a little kick in the pants right now! Well, your Federal Government to the rescue. This week congress passed a Housing Rescue Bill which will attempt to do a number of different things from foreclosure avoidance assistance, tax credits to some home buyers and financial [...]
I hesitate to write this post because I hate to put ideas in anyone’s head about how to commit fraud. The perpetrators are always one step ahead of the banks and “the system” and, just like with mortgage fraud, the rest of us will all end up paying the bill for the latest trend in [...]
For years now, we have been recommending that buyers have the sewer scoped during their home inspection period. For about $100, a guy named Dave and his colleague show up, head down the basement and stick a camera on the end of a long cable all the way down the sewer line until they hit [...]
by Maureen Francis on May 6, 2008
in Beverly Hills MI Real Estate,Birmingham MI Real Estate,Bloomfield Hills MI Real Estate,Buyer Information,Market Updates,Metro Detroit,Royal Oak MI Real Estate,Seller Information,Troy MI Real Estate,Uncategorized
Yes, that headline is correct. Sales are up over last year for the fourth month in a row, according to our MLS, Realcomp II. We’ve told you, we are seeing a lot of activity, and we are busier than ever. Spring has sprung! Here is Realcomp’s report . Yesterday I tried to show 4 Birmingham [...]
In today’s Metro Detroit real estate market, there is almost no way a prospective buyer cannot run into a few short sale properties or foreclosures during a home search. Each is much different from a standard “retail” home purchase where you are working with Susie and Sam Seller, their agent and your agent. In a [...]
Dmitry and I have had our busiest Spring in real estate in years in 2008. We are working with more clients than ever before. Last week we had a couple of closings and we asked the other Realtors and mortgage brokers if they were seeing what we are seeing: a lot more buying activity in [...]
Sure, the Southeast Michigan real estate market has hit a rough patch. There are lots of homes on the market longer than the owners want them to be. But right now, Dmitry and I barely have time to eat dinner together. We are both running in different directions taking care of clients’ needs. In the [...]
Calling all home buyers, looky-loos, nosy neighbors and undecided: mark your calendars for Sunday April 27th. Agents in four counties—Oakland, Macomb, Wayne and Livingston—are invited to hold open houses on Sunday, April 27. The open houses will be publicized in a special tabloid-sized section of both the Detroit Free Press and Detroit News the Friday [...]
Or, “how bad is the market?” Yep, we get asked that all the time. First, let me say that we are busy. Our business has been very steady since we started selling homes in 2001. We’ve always looked at this as a business, not a hobby or something to fill our idol time now that [...]
I doubt that there has EVER been a better time to make an investment in Michigan real estate. Opportunities abound, and smart investors will be rewarded. Not long ago, I heard about an out of state “investor” who made his first real estate investment in Michigan. He was sold a high end home in the [...]