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Metro Detroit real estate - Oakland County homes for sale

Decluttering – Russ Ravary Home Selling Tips

This is one of many of my home selling tips.  I will tell you this……the better your home looks the more likely it will sell quicker and for more money.  The goal of preparing your metro Detroit home for sale is to have more buyers like and be interested in your home whether it is a Plymouth home for sale or a Royal Oak condo for sale.  The same principles apply.

Here is another way to drive away buyers when selling your home

So why will fixing up your house make it sell quicker and for more money?  Today’s metro Detroit home buyers want fixed up and move in ready homes.  Home buyers love updated homes.  Sometimes homes that are updated will sell for more than the highest market price in the neighborhood.  They definitely sell quicker.  What you have to remember is that home buyers see issues there are several things going on in their mind.

  1.  First of all they think that you have not taken care of your house.  Little items that could have been taken care sometime will scare off buyers.  Why you ask???   The reason home buyers get scared off is because if you have not taken care of the small items they also believe that you have not taken care of the house as a whole.  They think that you have not taken care of the house and that there may be other items they cannot see that have not been taken care of…. I have heard that sentiment from too many buyers.  Once they feel that your chance of selling the home just went down the tubes.   That is why a house should be clean, and uncluttered.  Make the house look good.
  2. The second reason for decluttering and fixing up your home is because of the costs.  The buyer looks a shaky stair railing and sees a repair.  Their idea of cost is going to be much higher than what you think.  Buyers usually err on the high side of costs.  What you can get repaired for $1500 may have the buyer thinking $3000.  If you had the item fixed prior to showing then you will not have the buyer inflating costs.  Remember this is all going through the buyer’s head as they go through your home.  You have no chance to talk to them about what they think, let alone change their mind about it.  They are adding up the costs of updates, repairs, and what they want to do to the house as they walk through.  Buyers eliminate homes all the time because of their perceived problems and repair cost.

Here are a few past articles on this blog that you may like.

5 Best All Sports Lakes in Waterford MI

Metro Detroit Home buyer bonus

Moving to Michigan – Metro Detroit Real Estate!

 


So what is de-cluttering and why does it matter so much to you when you get ready to sell your home. The explantion of de-cluttering is to remove clutter from a room, an area.  Decluttering is first removing what doesn’t serve the goals of your space, and second making sure the things you love are visible, and the things you use are accessible.

Make your home beautiful

Here are hints about decluttering.

  • Excess stuff in a room needs to go.  Do you really need 2 couches and 3 chairs in a living room?  Would removing the coffee table or one of the end tables make more room in the family room?  Do you have extra tables or chairs in a room?  The goal is to make the room appear spacious and roomy.  You want your home to look like a model home.  If you have a lot of furniture in a room it is most likely cluttered.  If you have to squeeze into a space in that room then it most likely is cluttered.
  • Clear off flat surfaces.  Whether it is a table top, counter top, top of a refrigerator, or dresser top you want it de-cluttered.  My rule on this is: “NO MORE THAN 1-3 ITEMS ON ANY FLAT SURFACE.
  • Pack excessive stuff in boxes for your move.  Think of it as pre-packing.  You are moving right?   Then packing some of it will help you de-clutter and also get you started on packing.
  • You can throw it out, or donate it, or store it.  Have a garage sale, or get a dumpster.  Donate it to a charity and take the write off.  You can also store extra stuff in the garage or basement if necessary.  Most home buyers do not care if the garage is full of boxes and stuff.  They realize that you are serious about moving.
  • Give each room a purpose.  A bedroom should only have beds, dressers, and maybe a rocking chair.  Other than that….de-clutter.  You don’t need two night stands….eliminate one.  Of course you can set up an extra bedroom as an office, craft room.  Same way with a living room.  You don’t need a desk in a living room.  Eliminate unnecessary furniture whereever possible.

Not the best picture, but what can you remove in this room to de-clutter it.

Here are some tips to help you declutter

  • When did you last use it….is it just a dust collector
  • Forget About what it cost you when bought it
  • Check if the Item Works
  • Think of the Last Time You Needed It
  • Track Which Items You Actually Use
  • Ask Yourself if You Love It and can’t live without it
  • Keep Like-Things Together

If you are thinking of selling give me a call, text, or email.  I have helped hundreds of home sellers get top dollar.  I will be able to tell you what not to waste your time on, and what not to waste your money on.  I want to make your move as easy as possible while getting the most money for your home.  My cell is (248) 310-6239 and email is yesmyrealtor@gmail.com

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Buying versus Renting Russ Ravary’s Home buying series

Should you rent or should you buy a Metro Detroit home?

This is the first in my series for Wayne, Oakland, and Livingston County homes buyers.  Whether you are a first time home buyer or an experienced home buyer this series of “HOW TO BUY A HOME by Russ Ravary”  will help you in the long run.  I am going to explain the ins and outs of home buying in Metro Detroit.  This will help you understand the process and keep you from making a mistake.

Come relax at the table

So let’s delve into whether you should buy or rent?  There is no quick and simple answer to the question “should I rent or buy a Metro Detroit home?”  The answer to the question depends on where you live or want to live in metro Detroit, the costs and savings, and of course your personal preferences.

Renting a home has become more costly over the years as many landlords keep raising rental prices.  Many times the rental homes are not that nice.  I think that will continue to be a trend of the future.   Here are some of the reasons people continue to rent.

  1. Renter cannot afford the down payment and closing costs. Many times the buyers just can’t scrape up the down payment or the closing costs for a home.  They may not be able to get any financial help from their families either.
  2. ….the cost of renting a particular place is cheaper than buying the home they want. Taxes, insurance are some of the costs that you will incur when maintaining a home
  3. Renter may not be able to afford the area that they want to live in. Housing in cities like Birmingham or Bloomfield Hills cost more
  4. Freedom – some renter like the freedom of not cutting grass on the weekend, or taking care of the building.
  5. No commitment other than a year long lease. You are not tied to the rental home after the lease ends.
  6. No responsibility – renters never have to incur the costs of major repairs or appliances when they break down
  7. No unexpected costs. When something breaks down when you buy a house you have to pay to get it fixed whether it is the furnace going out or a roof leak.

What I definitely advise to any potential home buyer is that you get your finances in order before you buy.  There are fewer routes to financial ruin faster than taking on too much of a housing payment and killing your budget until you need to borrow money just to keep up with monthly expenses.  Never over buy unless you expect your family income to go up.

The #1 mistake I see new home buyers make is to fail to appreciate just how much owning a home costs (in addition to the mortgage, property tax, and insurance).  It also costs money to maintain the home over the years.  I hate it when home buyers have to sell in a couple years because they cannot afford the house.  I want to help you from making that mistake.

Here are a couple of terms and explanations that you should know and will see below.

Principal —–The principal is the amount of money you borrow when you originally take out your home loan. To calculate your principal, simply subtract your down payment from your home’s final selling price.  Principal (the amount you owe the bank) goes down with every payment

Equity is the difference between what you owe on your mortgage and what your home is currently worth.  Your equity goes up each time you make a house payment and when your house goes up in value.

A nice bedroom

Here are some of the reasons Metro Detroit home buyers chose to buy over rent.

  1. You get a home of your own. You get to paint it and change the house to match your personality, your wants, and desires.  Nobody can tell you “NO you can’t do that”  Unless you go outside city regulations.  But other than abiding by city laws your house decor is all about you.  It’s your house to do at you please.
  2. Savings – Tax deductions are available for the interest you pay on the mortgage and the taxes. So owning a house can save you money in the long run.  Rents are always going up.  You have a little control of payment costs when you own your own home
  3. Equity – You are going to have something to your name.  A home is usually one of the biggest assets a person has later in life.  You basically enter into a forced savings plan when you buy a home.  Each and every month a portion of your payment decrease the amount you owe and builds your equity in your home.  If you do not know what equity is….here is an explanation of home equity.  Equity is the difference between what you owe on your mortgage and what your home is currently worth.  So every time you make a payment you are paying down the mortgage and increasing the amount of money you have in the house.
  4. Increase in value. In most instances over time your home should increase in value.  That’s what you want.  That is why you want to buy in stable or better communities.

Sometimes when comparing renting versus buying renting seems better in the early years because of the costs.  The positives of buying a home multiplies as the years go on.  Sure you can just up and move when your lease is up, but when you are in your 50’s and 60’s and you see the equity you will be glad you bought.

You aren’t going to see huge increases in equity the first few years.  But buying a home is more like “a marathon instead of a sprint”.  As time goes on the amount of interest goes down and more money goes to your principal.  The longer you stay in your home the more equity you build.

I myself believe that there is no real choice when it comes to buying or renting.  When you buy a home you are going to be in a better position later in life than a person that rents.  You will have equity in your home that you can cash out when you sell.  Can you imagine having an extra $200,000 to $500,000 because you owned a home instead of renting?

If you need help or have questions on your next move feel free to call or text me anytime.  My cell is 248.310.6239

Russ Ravary

Your local metro Detroit Realtor that helps save you money.

This is one of metro Detroit’s best bonus for home buyers

Here are a few of my past articles that you may like Explanation of what “owner occupant buyers” mean – Northville real estate talk

What does all sports lake mean?

Are you up to buying a home – Michigan home buying tips

 

#thehelpfulrealtor #metrodetroitrealestate #homebuyingtips #buyingversusrenting #metroDetroithomesforsale #russravary #topmetrodetroitrealtors #howtobuyahouse #thehomebuyingprocess #homeequity #principal

 

Metro Detroit Real Estate Update 6/3/2021

Here is a quick update on Metro Detroit real estate.  Homes in the suburban Detroit area are still selling quickly.  Of course there are still some sellers that are still over pricing their home for the conditions.  We have several over priced homes on the lake I live on.  Plus I have seen several homes that are sitting on the market with my buyers.  Condition and price still matter in this hot real estate market in SE Michigan.

Looking to sell

It is still crazy out there though I believe their is a little slow down as some buyers are very frustrated.  I have heard stories of SE Michigan home buyers losing 10 different bids on 10 different homes.  It is hard for a home buyer to swallow that.  Home buyers are getting very frustrated.  Some are dropping out on looking.  The problem is that there are so many buyers in the same situation.  So even if a few buyers drop out there are still a lot of buyers looking for homes.  So the demand is still going to be strong in the near future for home purchases.

Which way are you going?

So why is the demand so strong?  Here are my thoughts on the whole situation.

1.)  Interest rates are low which is allowing buyers to get more home for the money.  However I am seeing cash buyers in this market.  So that is not the only reason.  My clients recently lost a bid to a cash home buyer in the 1.5 million dollar price range.

2.)  Limited inventory.  Fewer home owners are moving.  One of the reasons for this is that home owners are staying in their homes from anywhere from 15 to 25 years.  Before the mortgage meltdown the average home owner stayed in their homes on the average of 7 years.  It’s a much longer time now, so there is less turn over and less homes for sale. Another 2 reasons for limited inventory is that it is hard for people who have to sell their home before they buy to purchase a home.  Most sellers will not take an offer contingent on selling another home.  The second reason that people aren’t moving is because it does not make sense to downsize for some home owners.  The taxes on the new house may be more than their old house.  In todays market it is hard to find a updated move in ready house with a first floor master that is comparable to the home they live in.

3.)  The free money.  We have gotten a lot of free money from the government.  That has given the public a positive outlook.  They have the sentiment that the economy is strong and is going to continue to be strong.  So people are spending money.  They are not worried about..not cutting back because they fear the economy is going down.  They are buying houses.

4.)  Many people can work from anywhere.  I helped three different people from Chicago and New York that moved here because they could work remotely.  More people have moved into Michigan than moved out in the last year.

If you are going to to buy a home you have to put in the best offer possible.  Here is a link to How to win a bid on a Metro Detroit Home.    If you are selling you should be able to sell your home in under a week if you price it right.  The homes that are sitting for longer than a week are sitting because the price is too high for the condition of the property.  If there are any issues like bad layout, in poor location, or structural problems then you need to be priced right.  Like I said no reason not to sell your Southeastern Michigan Home in less than a week unless you are too high priced.   It is key to price it right (preferably at the top of the comparables) to get a bidding war going.  I have even had a bidding war on an outdated estate home that had peach countertops, worn/dirty carpet, and needing updates.

Sell for top dollar

Here are just a couple of examples of what is going on in the market.

A) I listed a home in Commerce for $500,000 (at top of the market for recent comparables).  It had 69 showings, 29 offers and ended up going for $600,000, with an appraisal guarantee, inspection waiver, and 45 days free occupancy

B) I listed a 1960’s West Bloomfield colonial for $300,000 (at top of the market for recent comparables).  It ended up going for $350,000 with appraisal guarantee.

C) I listed a Livonia estate home for $274,000.  It ended up going for $294000 and the home needed work.

I hope this has given you a little insight about what is going on in the metro Detroit real estate market and why.  If you are looking to move soon and need a good realtor give me a call, text, or email me.  My cell is (248) 310-6239 or email is yesmyrealtor@gmail.com

Russ Ravary your local realtor that really knows about our local real estate market.

Here are some links of past articles I have written that you may want to read.  Positive Values make a huge difference in our outlook on life.  Southeast Michigan home selling tips to help make your next move easier.  If you want a look back at real estate history here is a quick read Least Expensive Lakefront Home Sold Last Month in Oakland County Michigan and another one is What’s in – what’s out – Oakland County real estate tips

#thehelpfulrealestateagent #russravary #topmetroDetroitrealtors #Homesellingtips #Metrodetroitrealestateupdate #lowhomesellingcommissions #bestsoutheasternMichiganrealestateagents #Oaklandcountyrealestate #waynecountyrealestateupdate #livingstoncountyrealestate #homebuyertips

 

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16 Things you can do to win your real estate bid

It is a highly competitive real estate market in Metro Detroit and many buyers are getting frustrated because they cannot win a home.  I am going to put together a list of things you can do to win the bid.  Some of this advice is common sense, but I want to list all the different things to do and that I have seen on purchase agreements.  In the last few weeks I have seen over 60 offers on homes I was selling so I have seen many different ones.  One of the first things you should do is ask your agent to call the listing agent to see what is important to the seller and then try to write your bid to make the seller get what they want.

                                                                                                               Here is a beautiful patio

  1.   Pay the seller’s transfer taxes
  2.   Bid over list price   ***** within reason and for market conditions.  Some houses in the Detroit suburbs are going for 20% over and some are going 5% over.  The use of an acceleration clause helps.
  3.   Acceleration clause-  This is where you will automatically increase your bid over the next highest offer by $1000, $2000, $5000, $10,000, $25,000.  I would still start off with a good bid over list price.   Just starting at list price sometimes does not work.  (It doesn’t show the seller that you agressively want the house.)  When you bid above list and add in an acceleration clause you don’t get lost in the shuffle.
  4.   Waive home inspection or have a very short inspection period, or limit what you will be looking for in a home inspection.  I would never recommend this unless you are very knowledgeable and have looked over the house indepth.
  5.   Give free occupancy to the seller for as long as they want to stay in the house.
  6.   Have your realtor reduce their commission and pay your realtor out of your pocket
  7.   Offer seller free plane tickets
  8.   Waive mortgage clause contingency
  9.   Guarantee how much you bring to the table if  the house does not appraise.  Be sure to put a limit on how high you will guarantee.  Give a firm number on what you can afford.
  10.   Do not ask for home warranty
  11.   Get the shortest date for closing if they are not looking for occupancy
  12.   Go with a reputable well known lender that responds well.
  13.   Do not ask for seller’s concessions
  14.   Do not ask for anything that is not listed on the mls ticket (no furniture, no personal items)
  15.    Write a letter about your family and their house that tugs on the seller’s heart strings and tells them how much you love their home.  The goal is to have the seller identify with you.  So if you are ever in a house where the seller is there….make nice.  Say nice things about the house, their decorating, and what matters to the sellers.  It’s about establishing a likeability with the sellers.
  16.   Have your agent accept what the seller is offering them in commission.  I have seen where the seller is giving 2% commission and the buyer’s agent asks for 3%.  Then you lose your home bid because your real estate agent is trying to make more money on the sale.  This is a quick way to loose a home bid.  Don’t let your agent sabotage your home bid.

Helpful hints on what to do

  1.   Put down the biggest EMD you feel comfortable with
  2.   Chose the best mortgage option so the seller and seller’s agent is happy.  They prefer in this order usually….cash, conventional loans with 20% or more down, FHA, USDA, VA loans.  The more down you have in a mortgage usually tells the sellers that you have cash, you are a saver, you are financially good, and that you have money to pay an appraisal guarantee.
  3.   Be sure to have your pre-approval letter before you start shopping for a metro Detroit house.  A delay in getting this could have you miss out on a home.
  4.   The key is to make your offer as simple as possible.   Give the seller what they want!  DO NOT ASK FOR ANYTHING IN THE PA THAT THE SELLER DID NOT OFFER!  Asking for the piano, or dining room table may move your bid to the bottom of the list.

No matter what you do, or how good your offer is you may still loose the house and the bid.  There may be somebody out there that puts in a crazy bid.  What I tell all my clients is to put the best offer they can if they love the house.  Put your best foot forward.  That way you can say you didn’t lose it over not offering $1000 more.  In this crazy Metro Detroit seller’s market write a strong offer the first time.  You may not get a second shot.

I hope these tips help you win a house.  Whether you are my client or somebody else’s if you have the information on what to do it will help you.

Russ Ravary ~~~~your metro Detroit realtor that helps save you money whether you are buying or selling a home  Call me to discuss your next move (248) 310-6239

#thehelpfulagent #toprealestateagents #howtowinahomebid #bestmetrodetroitrealtors #russ’shomebuyerbonus #russravary #topOaklandWayneLivingstonCountyrealtors #howtobuyahome #SEMichiganrealestate #metrodetroithomes #thehonestrealtor

 

 

How much would you pay?

Here are few of my past articles way back on this website that may interest you.

Lake homes for sale in Commerce Township MI 3/23/2021

It’s tough out there to find waterfront homes for sale in Commerce MI.  With the low inventory and low interest rates home buyer demand is sky high.  Add in that there is no perfect lake house.  As I tell all my lakefront home buyers……”you are going to have to compromise on what you want because there is no perfect lake house”.   Otherwise you won’t find a lake house.

Here is the latest list of lake houses for sale in Commerce MI.

9457 BONCREST Street, Commerce Twp 48382 Price: $265,900
$/SF: $312.82
MLS#: 2210018619 Residential Status: ACTV Summer Tx: $3,286
County: Oakland Stat Dt: 03/21/21 Winter Tx: $1,078
School Dist: Walled Lake Beds:
2 Baths: 1.0
Assoc Fee:
SubDiv: MAPLE POINTE BEACH SUB Sqft Abv: 850 Yr Built: 1940
MLS Area: 02171 – Commerce Twp Grg Size: No Garage Basement: No
Architecture: 1 1/2 Story Water: Municipal Water
Style:  Bungalow, Cottage Heating: Wall/Floor Furnace
Acreage: 0.13 Sewer: Septic-Existing, Sewer at Street
Water Fac: Beach Front, Direct Water Frontage, Lake Front, Private Water Frontage, Water Front
Lot Dimen: 56X188X25x200
Office: Remerica Integrity II
ONE OF A FEW COTTAGES LEFT ON THIS PRIVATE LOWER STRAITS LAKE. HAVE YOUR MORNING COFFEE FROM THIS BEAUTIFUL AND PEACEFUL BACKYARD AT THIS 250 ACRES OF WATER —-LAKE FRONT HOME IN COMMERCE TWP. PERFECT HOME FOR SOMEONE WHO WANTS TO BE ON THE LAKE AT AN AFFORDABLE PRICE. 2 BEDROOMS, 1 BATH. YOU CAN MOVE IN OR TEAR DOWN TO BUILD YOUR OWN BEAUTIFUL LAKE FRONT HOME. HOME WAS REMODELED IN 2017 WITH ALL NEW LAMINATE WOOD FLOORS THROUGHOUT THE HOUSE AND BRAND NEW KITCHEN COUNTER IN 2020. 1 BEDROOM UP AND 1 BEDROOM ON THE MAIN FLOOR WITH LIVING ROOM AND SITTING ROOM. BRIGHT KITCHEN WITH ALL APPLIANCES, AN ISLAND AND DOOR WALL TO COVERED BACK PORCH WITH BEAUTIFUL VIEW OF LAKE. BATVAM&D. PONTOON IS NEGOTIABLE. NOT ON WELL… MUNICIPAL WATER IS ALREADY IN HOME, SEWER AT THE STREET. OWNER CURRENTLY USED HOME AS SUMMER WEEKEND HOME.
   
Recent: 03/21/2021 : New : ->ACTV

3545 UNION LAKE Road, Commerce Twp 48382 Price: $299,900
$/SF: $191.75
MLS#: 2210014694 Residential Status: ACTV Summer Tx: $3,336
County: Oakland Stat Dt: 03/06/21 Winter Tx: $1,066
School Dist: Walled Lake Beds:
3 Baths: 2.1
Assoc Fee:
SubDiv: Sqft Abv: 1,564 Yr Built: 1940
MLS Area: 02171 – Commerce Twp Grg Size: No Garage Basement: No
Architecture: 2 Story Water: Municipal Water
Style:  Colonial Heating: Forced Air
Acreage: 0.15 Sewer: Sewer-Sanitary
Water Fac: Lake Front
Lot Dimen: 98X39
Office: Level Plus
SUPER CUTE LAKE FRONT COLONIAL,ALL SPORTS MIDDLE STRAITS LAKE! This beautifully updated 2 Story home offers an open floor plan with a spacious Living Room w/fireplace & a patio door leading to the deck. Gorgeous Kitchen with a new design kitchen cabinet & quartz counters, tile back splash and SS appliances. Large Master Suite w/door leading to the deck, private Bath & walk-in closet. New carpet ,Laundry Room with washer, dryer in first floor, Freshley painted throughout. , Award Winning Walled Lake Schools. close to the highway and shopping area,owner is a real estate licenes.
   
Recent: 03/16/2021 : DOWN : <spantitle=$349,900-&gt$299,900>$349,900->$299,900</spantitle=$349,900-&gt$299,900>

997 SHERBROOKE Street, Commerce Twp 48382 Price: $399,900
$/SF: $340.92
MLS#: 2210000676 Residential Status: ACTV Summer Tx: $2,088
County: Oakland Stat Dt: 01/05/21 Winter Tx: $1,101
School Dist: Walled Lake Beds:
3 Baths: 1.0
Assoc Fee:
SubDiv: FRANK S SALTER’S MOUNT ROYAL COUNTRY CLUB Sqft Abv: 1,173 Yr Built: 1940
MLS Area: 02171 – Commerce Twp Grg Size: No Garage Basement: No
Architecture: 1 Story Water: Well-Existing
Style:  Ranch Heating: Forced Air
Acreage: 0.22 Sewer: Septic-Existing, Sewer at Street
Water Fac: Beach Front, Lake Front, Water Front
Lot Dimen: 72.00X37.30
Office: Meck Realty
Well here i am 70 feet of frontage on all sports Commerce lake which includes a home that needs a whole lot of T.L.C or tear me down and start over. Sewer at the street.
   

8468 Cascade Street, Commerce Twp 84382 Price: $675,000
$/SF: $272.95
MLS#: 2210014602 Residential Status: ACTV Summer Tx: $2,696
County: Oakland Stat Dt: 03/05/21 Winter Tx: $1,715
School Dist: Walled Lake Beds:
4 Baths: 2.0
Assoc Fee:
SubDiv: Sqft Abv: 2,473 Yr Built: 1924
MLS Area: 02171 – Commerce Twp Grg Size: 2 Car Basement: Yes
Architecture: 2 Story Water: Well-Existing
Style:  Colonial, Cottage, Garrison Colonial, Traditional Heating: Forced Air, Space Heater
Acreage: 0.37 Sewer: Septic-Existing, Sewer at Street
Water Fac: Beach Access, Beach Front, Direct Water Frontage, Lake Front, Lake Privileges, Water Front, Lake/River Priv
Lot Dimen: 60 x 254.50 x 65.40 x 291
Office: Team Core, LLC
Great schools, great house, and an amazing all sports lakefront setting with sandy beach island.
   

1840 Sadie Shore Drive, Commerce Twp 48382 Price: $675,000
$/SF: $300.00
MLS#: 2200006215 Residential Status: ACTV Summer Tx: $538
County: Oakland Stat Dt: 01/24/20 Winter Tx: $1
School Dist: Walled Lake Beds:
3 Baths: 2.1
Assoc Fee:
SubDiv: Island Club Sqft Abv: 2,250 Yr Built: 2020
MLS Area: 02171 – Commerce Twp Grg Size: 2 Car, 3 Car Basement: No
Architecture: 1 1/2 Story Water: Community
Style:  Cape Cod Heating: Forced Air
Acreage: 0 Sewer: Common Septic
Water Fac: Canal Front, Direct Water Frontage
Lot Dimen: 52 X 124 X 90 X 53
Office: KW Domain
Build your dream home in the highly coveted Island Club gated community on private, all-sports Commerce Lake. This scenic lot will provide a home with endless entertainment opportunities, so get ready to spend your summers in lake-life bliss. You’ll only need to step in your backyard to view the show-stopping 4th of July fireworks. Commerce Lake also provides the rare opportunity of kayak or canoe access through Proud Lake to the quaint little town of Milford! The community includes sandy beaches, tennis courts, kid safe 15mph speed limit, back-bay with no wake zone, playscape & welcoming neighbors! Building company: Blue Peninsula Real Estate and Luxury Homes. Contact the listing agent for more spec details! Once lot is sold or transferred, annual taxes will be $3,580.
   
Recent: 03/23/2021 : Price Increase : <spantitle=$575,000-&gt$675,000>$575,000->$675,000</spantitle=$575,000-&gt$675,000>

3531 Ravinewood Court, Commerce Twp 48382 Price: $734,900
$/SF: $247.61
MLS#: 2210017779 Residential Status: ACTV Summer Tx: $5,715
County: Oakland Stat Dt: 03/17/21 Winter Tx: $2,463
School Dist: Huron Valley Beds:
5 Baths: 2.2
Assoc Fee:
SubDiv: LAKE SHERWOOD SUB NO 14 Sqft Abv: 2,968 Yr Built: 1972
MLS Area: 02171 – Commerce Twp Grg Size: 3 Car Basement: Yes
Architecture: 2 Story Water: Well-Existing
Style:  Colonial Heating: Forced Air
Acreage: 0.39 Sewer: Sewer at Street
Water Fac: Lake Front, Water Front
Lot Dimen: 126X194X20X251
Office: RE/MAX Classic
Welcome home! Lake Sherwood of Commerce Twp. Lakefront family home located on bay, right off of main lake! Charming & huge front porch. 5 B,2.2 baths. Large kitchen w/built in appl.,breakfast nook & access to outdoor deck. Huge family RM w/brick fireplace. Formal living & dining rooms.Library/office lakeside. 1st floor laundry. Upper level provides Large master suite w/2 closets, 1 a WIC, vanity/dressing area, private bath & balconies on both the roadside and lakeside! Full bath, & 4 more spacious bedrooms. Finished walkout w/ wet bar, half bath & huge rec room. Boat dock, electric boat lift & cover. Outdoor tri level deck w/hot tub included. Well maintained landscaping, circle driveway. 1 hour to show.
   
Recent: 03/17/2021 : New : ->ACTV

1810 Sadie Shore Drive, Commerce Twp 48382 Price: $885,000
$/SF: $272.90
MLS#: 2200034230 Residential Status: ACTV Summer Tx: $538
County: Oakland Stat Dt: 05/20/20 Winter Tx: $1
School Dist: Walled Lake Beds:
4 Baths: 3.1
Assoc Fee:
SubDiv: ISLAND CLUB CONDO PHASE III Sqft Abv: 3,243 Yr Built: 2020
MLS Area: 02171 – Commerce Twp Grg Size: 3 Car Basement: No
Architecture: 2 Story Water: Well-Existing
Style:  Other Heating: ENERGY STAR® Qualified Furnace Equipment, Forced Air
Acreage: 0 Sewer: Common Septic
Water Fac: Canal Front, Direct Water Frontage, Lake Privileges, Water Front, Lake/River Priv
Lot Dimen: 42 X 90 X 123 X 114
Office: KW Domain
Build your dream home in the highly coveted Island Club gated community on private, all-sports Commerce Lake. This scenic lot will provide a home with endless entertainment opportunities, so get ready to spend your summers in lake-life bliss. You’ll only need to step in your backyard to view the show-stopping 4th of July fireworks. Commerce Lake also provides the rare opportunity of kayak or canoe access through Proud Lake to the quaint little town of Milford! The community includes sandy beaches, tennis courts, kid safe 15mph speed limit, back-bay with no wake zone, playscape & welcoming neighbors! Building company: Blue Peninsula Real Estate and Luxury Homes. Contact Joy DiMaggio for more spec details!
   
Recent: 03/23/2021 : Price Increase : <spantitle=$785,000-&gt$885,000>$785,000->$885,000</spantitle=$785,000-&gt$885,000>

8083 FARRANT Street, Commerce Twp 48382 Price: $950,000
$/SF: $401.69
MLS#: 2210013936 Residential Status: ACTV Summer Tx: $4,744
County: Oakland Stat Dt: 03/11/21 Winter Tx: $2,963
School Dist: Walled Lake Beds:
3 Baths: 3.0
Assoc Fee:
SubDiv: PENINSULAR PARK SUB – COMMERCE Sqft Abv: 2,365 Yr Built: 1945
MLS Area: 02171 – Commerce Twp Grg Size: 2 Car Basement: Yes
Architecture: 2 Story Water: Municipal Water
Style:  Colonial Heating: Forced Air
Acreage: 0.25 Sewer: Septic-Existing, Sewer at Street
Water Fac: Direct Water Frontage, Lake Front, Water Front
Lot Dimen: 51.00X200.00
Office: Real Estate One-Milford
ONE OF A KIND LAKEFRONT HOME! SHOWINGS BEGIN 3/11*Enjoy 465 acre All Sports Union Lake*Home is loaded w/upgrades*Luxurious lakeside master suite has it all*700 sq ft master suite has coffee/wet bar, gas fireplace, 2 person hot tub, lounge area & expanded balcony*Walk-in closet w/high-end shelving system*Bathroom has heated floors, double sink granite vanity & custom shower*Inviting entrance has quartz floor & stone accents*Open kitchen has stainless steel appliances, granite counters, island & breakfast bar*Dining area overlooks lake*Comfortable great room has natural fireplace w/granite hearth & lake views*You’ll appreciate the large second upper bedroom & the 10 x 7 closet w/shelving & desk area*Very functional first floor laundry w/cabinets & granite counter*Heated garage w/cabinets for storage*Professionally landscaped* Large deck has built-in hot tub & sound system*Lakeside paver patio & stone seawall*Z Wave smart home*Finished basement*Whole house generator*8 skylights.
   
Recent: 03/11/2021 : New : CS->ACTV

8091 LOCKLIN LN, Commerce Twp 48382 Price: $1,300,000
$/SF: $420.85
MLS#: 2200091662 Residential Status: ACTV Summer Tx: $6,788
County: Oakland Stat Dt: 11/05/20 Winter Tx: $2,680
School Dist: Walled Lake Beds:
3 Baths: 3.2
Assoc Fee:
SubDiv: UNION LAKE HIGHLANDS Sqft Abv: 3,089 Yr Built: 1960
MLS Area: 02171 – Commerce Twp Grg Size: 2.5 Car Basement: Yes
Architecture: 2 Story Water: Municipal Water
Style:  Other Heating: Forced Air
Acreage: 0.33 Sewer: Sewer-Sanitary
Water Fac: Lake Front, Water Front
Lot Dimen: 90x188x68x176
Office: Realfi
Truly amazing views on all sports Union Lake. Southern exposure with 90 feet of sandy waterfront. This spectacular remodelled Mediterranean home features 2 Master bedrooms (one on the main floor), Kitchen remodelled in 2018, 2 new Composite decks (one covered), walkout basement and laundry on both upper and lower levels. The Office has beautiful custom built-in cabinets next to a cozy family room. Plenty of gorgeous new tile from the entryway through to the Kitchen. This masterpiece also includes; whole house generator, central vacuum system, sprinkler system, walk-in closet, 3 fireplaces, and more.
   

1015 SHERBROOKE Street, Commerce Twp 48382 Price: $1,349,900
$/SF: $225.58
MLS#: 2200048209 Residential Status: ACTV Summer Tx: $9,077
County: Oakland Stat Dt: 06/26/20 Winter Tx: $3,907
School Dist: Walled Lake Beds:
6 Baths: 6.2
Assoc Fee:
SubDiv: FRANK S SALTER’S MOUNT ROYAL COUNTRY CLUB Sqft Abv: 5,984 Yr Built: 2001
MLS Area: 02171 – Commerce Twp Grg Size: 3 Car Basement: Yes
Architecture: 3 Story Water: Well-Existing
Style:  Contemporary Heating: Forced Air, Zoned
Acreage: 0.17 Sewer: Sewer-Sanitary
Water Fac: Lake Front
Lot Dimen: 72 X 117 X 77 X 126
Office: KW Showcase Realty
Magnificent, custom built, 3 story home located on private all-sports Commerce Lake! This 5,984 sqft exquisite home truly has all of the bells, whistles & its own commercial, lakeside glass “Otis” elevator! Plenty of room for family & friends with the 5 master suites, 6 bedrooms total & 8 fireplaces. Entertain easily w/ 2 full gourmet kitchens, entry level kitchen w/ an abundance of beautiful cherry wood cabinetry, gorgeous granite counter tops, 2 dishwashers, massive island & spectacular waterfront views. 2nd full size kitchen w/ immense amounts of cabinetry, granite counters & a full panoramic view of the lake. Brazilian cherry & hardwood floors throughout all 3 levels. Home is equipped w/ multiple laundry rooms, 4 furnaces, 3 a/c units, and a whole house generator. The 11×20 lakeside bonus room along with the 1,836 sqft utility basement & the 3 car garage provides ample room for all of your storage needs.
   

3091 RIDGEMONT Street, Commerce Twp 48382 Price: $1,490,000
$/SF: $387.01
MLS#: 2210008675 Residential Status: ACTV Summer Tx: $3,089
County: Oakland Stat Dt: 02/09/21 Winter Tx: $1,010
School Dist: Walled Lake Beds:
4 Baths: 3.1
Assoc Fee:
SubDiv: Sqft Abv: 3,850 Yr Built: 2021
MLS Area: 02171 – Commerce Twp Grg Size: 3 Car Basement: Yes
Architecture: 2 Story Water: Well-Existing
Style:  Contemporary Heating: ENERGY STAR® Qualified Furnace Equipment
Acreage: 0.64 Sewer: Sewer at Street
Water Fac: Lake Front
Lot Dimen: 60×450
Office: Luxury Living Real Estate
4 bed 3.5 bath custom smart home on private 292 acre all sports Commerce Lake w/ beautiful 3/4 acre lot. Southern exposure w/60 ft sandy bottom frontage. Private dead end st. 3850 sq ft boasts 12 ft walkout basement, 12 ft first floor and 10 ft second floor. 750 sq ft garage with 12 ft ceiling. Expansive lakeside great room w/ hardwood floors and linear fp offering breathtaking views. 22by20 master w/ custom br/ heated floors, fireplace, 8by16 closet and private 10by16 private w/o balcony. Custom b/r offering curbless shower, dual fixtures and rainfall heads. Gourmet kitchen w/ walk in pantry and huge island with awesome lake views. 12by10 first floor private office/den. 2nd floor laundry. 8ft solid core doors t/o. This one of a kind sits high atop the hill offering stunning views. Enjoy warm days on the water and evenings entertaining family and friends in this one of a kind custom home. No expense spared, builder thought of every upgrade. Still time to choose colors, flooring etc.
   

Feel free to call, text, or email me with questions about lakes or lake homes.  I am one of Metro Detroit realtors that really knows the lakes in Oakland, Wayne, and Livingston Counties.  My cell is (248) 310-6239 or email me at yesmyrealtor@gmail.com

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Oakland & Wayne County Real Estate Update 2/10/2021

Let’s talk about what is happening in our local real estate market in Southeastern Michigan.    I wanted to give you a quick Southeastern Michigan home update.   If you did not know….. the majority of Metro Detroit real estate is a seller’s market.  There are so homes currently for sale.  It is normal in Southeastern Michigan’s winter months for home inventory to be low.  There are several reasons for this.  Many  home sellers do not list until the weather is warming up and the sun is shining.  Seller also sometimes pull their homes off the market in the late fall and then put them back on in the spring.  More homes sell in the spring and summer months when it is warm outside and kids are out of school.

So right now Oakland County and Wayne County have very limited home inventory.  Add in the increased demand from buyers because of the low interest rates you have a red hot Metro Detroit home market.  The good and even decent houses are flying off the market due to the low interest rates and low housing inventory.  So what are the keys to getting a home?

1.)  First of all you need to get automatic updates of homes coming to the market from a realtor.

2.)  Second you need to look at these auto updates as soon as you can.  You can’t be looking every other day.  You must look at them every day.  In fact if you can get an alert or auto email as soon as they hit the market it will help.  If you look at the email you got 2 days ago you will probably find that the best homes are gone.

3.)  The third action you should be taking is calling me to go and see any home you like as soon as you get them.  Again if you are waiting a day or two to call me to see a home then you are going to miss out.

4.)  Last but not least don’t wait a day or two to put in an offer.  Take your time to think about it, but think quickly.  If you are a person that needs time to think long and hard about a purchase this year (2021) may be a tough year for you to buy.

So bottom line is look at your emails or search online every day.  Then get out and see them immediately.  A good realtor will get you out to see them.

Feel free to call, or text me to see any home in Oakland, Wayne, Livingston, Washtenaw, or Genessee County.  (248)310-6239

In my potential move to the Detroit area, Russ showed me all the neighborhoods that met my criteria in the couple of hours I had between the end of my meetings and catching my flight. He is incredibly knowledgeable about homes, schools, neighborhoods, cost of living, demographics, economic housing trends, and the intricacies of relocation. He is a consummate professional and very responsive, and his experience living and working in the area are invaluable for newcomers. He goes the extra mile and makes you feel at ease immediately. I can’t recommend him highly enough!  

 B Green

I will give you a quick look at homes for sale in Plymouth Michigan.  Here are the only homes for sale in the $200,000 – $400,000.

N of Main St and E of N Mill St 
291 E Liberty Street, Plymouth 48170 Price: $250,000
$/SF: $213.13
MLS#: 2200101264 Residential Status: ACTV DOM: N/51/51
County: Wayne Stat Dt: 12/21/20 Summer Tx: $3,941
School Dist: Plymouth Canton Beds:
2 Baths: 1.0
Winter Tx: $281
SubDiv: ASSR’S PLYMOUTH PLAT NO 15 Sqft Abv: 1,173 Assoc Fee:
MLS Area: 05013 – Plymouth Bsmt: Unfinished Yr Built: 1910
Arch Level: 2 Story Water: Municipal Water Grg Size: No Garage
Arch Style:  Colonial Heating: Forced Air
Acreage: 0.2 Sewer: Sewer at Street
Lot Dimen: 85.00X102.00
Office: Bittinger Team, REALTORS Agent: NOEL BITTINGER  
Office Ph: (734) 459-2600 Agent Ph: (734) 459-2600
Buyers and agents must wear masks during showings. Please call Noel Bittinger on (734) 255-0222 for any questions. Submit offers to noel@bittinger.com
   
Recent:

S of Ann Arbor Trail and W of Eckles Road 
39505 E ANN ARBOR Trail, Plymouth Twp 48170 Price: $299,900
$/SF: $91.54
MLS#: 2200086740 Residential Status: ACTV DOM: N/113/113
County: Wayne Stat Dt: 10/20/20 Summer Tx: $3,081
School Dist: Plymouth Canton Beds:
6 Baths: 3.0
Winter Tx: $1,229
SubDiv: Sqft Abv: 3,276 Assoc Fee:
MLS Area: 05012 – Plymouth Twp Bsmt: Unfinished Yr Built: 1843
Arch Level: 2 Story Water: Municipal Water Grg Size: No Garage
Arch Style:  Colonial, Farmhouse Heating: Forced Air
Acreage: 0.96 Sewer: Sewer-Sanitary
Lot Dimen: 179.10×259.40
Office: Real Estate One-Plymouth Agent: MARK C RIEGAL  
Office Ph: (734) 455-7000 Agent Ph: (734) 718-6176
Agents: currently offering CASH only, home is in very strong need of remodel, and or value is in the land. Also listed as vacant land: 2200086741
   
Recent:

N of Ann Arbor Trail and E of Haggerty Road 
11825 MORGAN Avenue, Plymouth Twp 48170 Price: $314,900
$/SF: $174.75
MLS#: 2200078034 Residential Status: ACTV DOM: N/53/53
County: Wayne Stat Dt: 02/06/21 Summer Tx: $1,345
School Dist: Plymouth Canton Beds:
5 Baths: 3.0
Winter Tx: $536
SubDiv: GEORGE H ROBINSON SUB Sqft Abv: 1,802 Assoc Fee:
MLS Area: 05012 – Plymouth Twp Bsmt: Partially Finished Yr Built: 1938
Arch Level: 2 Story Water: Municipal Water Grg Size: 2 Car
Arch Style:  Bungalow, Colonial Heating: Forced Air
Acreage: 0.16 Sewer: Sewer-Sanitary
Lot Dimen: 50×135
Office: Van Esley Real Estate Inc Agent: DAVID D MISKO  
Office Ph: (734) 459-7570 Agent Ph: (734) 459-7570
The refrigerator in the basement is not included. The lockbox is on the gate in the driveway. The key is for the front door.
   
Recent:

S of ANN ARBOR TRL and W of HAGGERTY 
11287 GOLD ARBOR Road, Plymouth Twp 48170 Price: $319,900
$/SF: $278.17
MLS#: 2210008019 Residential Status: ACTV DOM: Y/9/9
County: Wayne Stat Dt: 02/05/21 Summer Tx: $1,699
School Dist: Plymouth Canton Beds:
3 Baths: 2.1
Winter Tx: $664
SubDiv: TOMLINSON ESTATES SUB Sqft Abv: 1,150 Assoc Fee:
MLS Area: 05012 – Plymouth Twp Bsmt: Finished Yr Built: 1959
Arch Level: 1 Story Water: Municipal Water Grg Size: 2 Car
Arch Style:  Ranch Heating: Forced Air
Acreage: 0.5 Sewer: Sewer-Sanitary
Lot Dimen: 100.00X216.00X100X216
Office: Keller Williams Advantage Agent: JOHN GITRE  
Office Ph: (248) 380-8800 Agent Ph: (248) 567-3895
Please adhere to MAR and GMARs Covid showing rules. Shoe covers, gloves, and wipes are provided on site for everyone’s safety. Due to the real hardwood floors throughout the first floor, seller respectively asks that care be taken. This is a go & show property for your convenience.
   
Recent: 02/05/2021 : NEW

S of Ann Arbor Trail and E of Mill/Lilley
188 Ann Arbor TRL, Plymouth 48170 Price: $349,900
$/SF: $190.58
MLS#: 2200092941 Residential Status: ACTV DOM: N/93/93
County: Wayne Stat Dt: 11/11/20 Summer Tx: $6,967
School Dist: Plymouth Canton Beds:
3 Baths: 2.0
Winter Tx: $497
SubDiv: Assr’s Plymouth Plat No 24 Sqft Abv: 1,836 Assoc Fee:
MLS Area: 05013 – Plymouth Bsmt: Unfinished Yr Built: 2005
Arch Level: 1 Story Water: Municipal Water Grg Size: 2.5 Car
Arch Style:  Modular Home, Ranch Heating: Forced Air
Acreage: 0.19 Sewer: Sewer-Sanitary
Lot Dimen: 60 x 138 x 60 X 138
Office: Coldwell Banker Weir Manuel-Northville Agent: RICHARD CHILDS  
Office Ph: (248) 347-3050 Agent Ph: (248) 347-3050
3 BDRM 2 FULL BTH PLYMOUTH RANCH W/FULL BASMNT & 2 1/2 CAR GARAGE ON A DEEP LOT. WALKING DISTANCE TO DOWNTOWN PLYMOUTH. BREAKFAST ROOM WITH A BOW WINDOW & DOORWALL ONTO PORCH. SPACIOUS LIVING ROOM & FORMAL DINING ROOM. MASTER SUITE FEATURES A SOAKING TUB & SEPARATE SHOWER PLUS LA SPACIOUS WALK IN CLOSET. NEUTRAL DECOR. MOVE IN CONDITION. NEW CARPETING THROUGHOUT. 6″ WALLS AND HI EFFICIENCY WINDOWS FOR LOW ENERGY BILLS. PLYMOUTH CANTON SCHOOLS. MAINTENANCE FREE EXTERIOR. OFF STREET PARKING FOR AT LEAST 6 CARS IN THE DRIVEWAY, PLUS THE 2 IN THE GARAGE. 1 YEAR OLD STAINLESS KITCHEN APPLIANCES. HUGE UNFINISHED BASEMENT WITH A TALL CEILING HEIGHT , OFFERS UNLIMITED POSSIBILITIES.
   

S of Northville/Wilcox and W of Hines Drive 
1101 N MILL Street, Plymouth 48170 Price: $399,000
$/SF: $822.68
MLS#: 219045040 Residential Status: ACTV DOM: N/623/623
County: Wayne Stat Dt: 06/03/19 Summer Tx: $2,382
School Dist: Plymouth Canton Beds:
1 Baths: 1.0
Winter Tx: $175
SubDiv: ASSR’S PLYMOUTH PLAT NO 17 Sqft Abv: 485 Assoc Fee:
MLS Area: 05013 – Plymouth Bsmt: No Yr Built: 1947
Arch Level: 1 Story Water: Municipal Water Grg Size: No Garage
Arch Style:  Cape Cod, Ranch Heating: Forced Air
Acreage: 0.39 Sewer: Sewer-Sanitary
Lot Dimen: 187.5 X 192.95
Office: Hub LLC Agent: JOSHUA LAY  
Office Ph: (734) 667-1481 Agent Ph: (734) 667-1481
This listing includes: 1101 N. Mill (parcel #002-01-0574-001) and 1103 N. Mill (parcel #002-01-0574-002). These homes are currently tenant occupied and will not be available for a visual inspection until after a fully executed contract. Buyer to assuming existing leasehold interest applicable at time of sale. BATVAI. Adjacent parcels listed for sale: 1100 Starkweather

I hope this Metro Detroit real estate update was helpful to you.  If you are looking for a full time experience realtor that has excellent reviews give me a call or text at (248) 310-6239.

Russ was a fantastic realtor. After meeting Russ on the lake he helped me buy and sell two homes. I was going to list my home in Waterford so I called Russ over. I asked what I should do at the lowest cost, and the easiest way to get top dollar. The house looked great after I did everything. The house sold quickly and I got asking price. Once the Waterford home was under contract Russ called me when he saw lakefront homes that he thought we would like.  After a few showings we found our Dream home!  Its very impressive to find an agent today that doesn’t just send links and hope you call them.  He didn’t rush me or push me to by a house.    Now we have a lake home with a big lot, great view, with lots of storage. 

                                                                  BA

Remember we also give great home buyer gifts

Get something extra when you buy a home with Russ

 

 

 

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Metro Detroit real estate for under $300,000 homes Nov 2020

There have been many changes in real estate with the coronavirus.  The uncertainty of Covid has driven interest rates down.  However home prices have continued to trend up just like they have since 2010.  It’s still a good time to sell and I believe that there may be some changes in the next year for the higher price ranges.  This is my professional opinion of what is going to happen in the real estate market in the next year for the price range of $300,000 and below homes. This category is what I would call the first time home buyer market, down sizers market, or the lower range market.

Relax in the gazebo

Here is my prediction…..THE LOWER RANGE HOMES ARE GOING TO CONTINUE TO BE A SELLER’S MARKET.
 
Here are my reasons why it will continue to be so for many years.
 
1.) People are living longer in a home. The pre 2000 days are gone. People used to buy a new house every 7 years on the average back then . Since the mortgage meltdown that is no longer the case. People are buying a home and it is their forever home. It is not unusual to see people stay in their homes 15, 20, or more years. They are no longer willing to take a gamble by buying a bigger home and being able to cash out with a huge profit.
 
2.) Older people 50+ are more apt to buy in that price range when downsizing. There are many ranches in that price range so older people that want a one floor house are going to be in that $100-$300,000 price range. So there is more competition that is not going to let up with all the baby boomers retiring in the years to come.
 
3.) Foreclosures……yes there may be some foreclosures coming in the upcoming year but it is not going to be like 2007 -2011. There are going to be much fewer foreclosures because the banks were stricter writing the loan. People weren’t able to buy a house with no money down (unless it was a VA loan). Tougher guidelines, and the requirement to have a down payment will keep many home owners in their homes. So you are not going to see tons of homes going into foreclosure.
 
3.) They are no longer building new homes and selling them less than $300,000. Land is too expensive to build a small house and sell it for less than $300,000. Most new homes start in the $400,000 range. You are no longer going to see a builder build a sub of $200,000 ranch or bungalow homes. It is no longer profitable for builders to do so. The bottom line is that the number of low priced homes is not going to change.

Welcome home

We have a limited number of homes in the under $300,000 price range and that is not going to change. The demand is always going to be high but there is no new supply. There will continue to be a sellers market for lower priced homes. The key is to not over pay. Be smart and don’t go crazy when bidding on a home. If you want a good full time experienced realtor that will give you honest answers and help guide you through the home buying process feel free to call or text me anytime.
 
Russ Ravary Your Metro Detroit realtor
 
(248)310-6239
 
Here are a couple of more selling tips for you to read over Home Selling 5 Tips – Redford Homes and Selling your Home – 4 Tips -West Bloomfield Property
Here is my positive thought for the day

Not to start on a morbid note, but you woke up this morning. Some people didn’t. Don’t think of it is as a depressing morality tale, just use it to remember that you’ve won the greatest gift life has to offer – you’re alive.

It’s so easy to dwell on the negative aspects of our lives, but we always seem to miss the most obvious positive thing we have – life itself. Take a deep breath, look outside your window, and marvel at the world around you.

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Explanation of Comparables

When you put in an offer on a house you should look at the comparables. What is an agent referring to when they talk about getting the comparables or comps? Here is an explanation as to what compables are for your next home:

What are “comps”? Comps is short for comparables. Your realtor should pull the latest homes that have sold in the last 6 months which are similar in size and condition to the home you are looking to purchase. The comparables should be close to the home you want to put an offer in on.. Homes that are in the same subdivision or on the same lake are the best comparables. The further you go away from the house the less reliable they are. Appraiser will use the sold house comparables that are closest to the subject house you are buying. Your agent should do the same thing.

Anybody can usually find a comp to support the price of the home. But that is not what you are trying to do. You are trying to compare the house you want to recent sold homes nearby that are similar in style and shape.

Read them over and see what they are sold for and what type of condition the home was in. This is to give you an idea of what the house you are looking at is worth. That way, you can decide for yourself how similar they really are.

Do you want a house with a pool?

Sometimes what you think the house is worth and what I think the house is worth are different. Sometimes buyers automatically go to the low side of the comps. Unfortunately in this hot sellers market, many homes are being priced on the high end of the scale and they are selling in the higher range.

The biggest issue I see with buyers looking at comps is that they discount the size of the house or the condition of the home. It is very important to compare apples to apples. Condition and updates of the house is very important. You can’t take a home that you are looking at in excellent condition and compare it to a home that needs a lot of work. Let’s say a house that needed a kitchen upgrade and new carpet sold for $300,000. You can’t bid $300,000 on the house that is listed at $335,000 and has an updated kitchen and flooring. You won’t get the house. You are not making a sound comparison. A new kitchen would cost you $30,000- $60,000 to put in. Plus carpeting is probably going to cost you $10,000. So just because the un-updated house sold for $300,000 and was the same size doesn’t make your house you like worth the same. It is worth $40,000 due to the upgrades. In this case the comparable supports the $335,000 price. Some buyers get blinded by the low price and think they can steal the other house. Unfortunately the buyer that bids low based on that information won’t get the house. You have to be realistic. You can’t take that home comparable and then compare to the excellent house you are buying and then decide only to pay the lower house price based on the house that needs a lot of work.

You are not going to win the house or bid if there are multiple offer situations. The seller is going to look at your offer as if you are crazy. Condition matters. Then the next biggest mistake buyers make is they don’t take into account the size.  Let’s say that $300,000 home is in the same condition as the $335,000 home but it is 300 square foot smaller. The $300,000 home is 2000 square foot which works out to a sales price of $150 a square foot. So if you multiple $150 a square foot sale price by 2300 square foot house you get a price of $245,000. That supports the list price of $235,000. If all other things were similar the price per square foot would support the purchase price. In fact you are getting it at a little deal.

Or like a home with a beautiful bathroom

Many times buyers don’t take the condition or price per square foot into account. You have to if you truly want the truth and right offer price. I want you to get the home you like at a good price but you have to be realistic. Over the years I have dealt with buyers that are unrealistic about comparables. They end up low balling the offer and the offer gets rejected. Many times the buyer loses house after house. Then they switch realtors because they blame it on the realtor instead taking the blame themselves for losing the houses. I have seen buyers never get a home because the housing prices rise and the buyer can no longer afford the size of the house they want. All because they ignored the comps and their realtors advice.

Comparables are important. Even if the comps say it should be lower, it may sell at the list price or higher. It all depends on the buyers and if they feel it is worth it. You may not think it is worth it, but the next buyer might pay the price. So the option of sitting back and waiting for the price to drop may not work.

Like all negotiations the more money you offer, the more likely the seller will accept. But the bottom line is you decide what to offer. I will put in any offer you want, but in this sellers market, if the house is in good condition to excellent condition you want to be within 5% of the list price. Sometime you have to offer higher than list price to get the home.

Comparables are the basis on what to offer on a home. I hope this explains what “comps” and “comparables” are and how you should use them. I hope your home buying experience goes smoothly.  Feel free to call me to get started finding your next home. My cell is 248.310.6239. Remember we offer a great home buyers bonus too!

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Milford real estate update

Milford real estate is still going but it shows signs of slowing down.  Currently there are 48 homes and condos for sale in Milford Michigan.

Here is the latest list of 3 homes that sold in Milford Michigan in the last 7 days.

1.) Out of the three 2 sold at or above list price, but not by more than 1% higher than list price

2.) 1 of them sold within 98.1% of list price

 

759 SWEETBRIAR, Milford Vlg 48381 Price: $195,000
$/SF: $193.84
MLS#: 2200082987 Residential Status: SOLD Summer Tx: $2,434
County: Oakland Stat Dt: 11/16/20 Winter Tx: $687
School Dist: Huron Valley Beds:
3 Baths: 1.0
Assoc Fee:
SubDiv: FAIRVIEW HILLS SUB Sqft Abv: 1,006 Yr Built: 1957
MLS Area: 02162 – Milford Vlg Grg Size: 2 Car Basement: Yes
Architecture: 1 Story Water: Municipal Water
Style:  Ranch Heating: Forced Air
Acreage: 0.19 Sewer: Sewer-Sanitary
Lot Dimen: 66.00X41.50
Office: Remerica United Realty
**MULTPLE OFFERS** PRESENTING ALL OFFERS AT 7PM MONDAY 10/12*** A wonderful marriage takes this happy groom to the next step of his journey, but he leaves memories to last a lifetime in his first home in Michigan! He chose this home due to its terrific, bright, and open floor plan with large windows and vaulted ceilings, situated on a lovely treed lot with a private yard–great for everyday living and entertaining—on a pretty, tree-lined street that it is barely more than a half mile—with sidewalks all the way—from the great restaurants, shops, parks, craft fairs, and fun that downtown Milford offers! The gleaming, newly refinished hardwood floors welcome you to this delightful ranch where the full basement provides abundant storage and is waiting for your finishing touches, while the garage accommodates two cars and plenty of room for the extras! This is a MUST SEE since nowhere in the Village can you find three bedrooms, a basement, and garage that is priced to sell yesterday!
   
Recent: 11/16/2020 : Sold : PEND->SOLD
 

299 CRYSTAL Street, Milford Vlg 48381 Price: $320,000
$/SF: $139.62
MLS#: 2200076848 Residential Status: SOLD Summer Tx: $3,707
County: Oakland Stat Dt: 11/12/20 Winter Tx: $1,060
School Dist: Huron Valley Beds:
3 Baths: 2.0
Assoc Fee:
SubDiv: ORVIS SUB Sqft Abv: 2,292 Yr Built: 1975
MLS Area: 02162 – Milford Vlg Grg Size: 2 Car Basement: Yes
Architecture: 2 Story Water: Municipal Water
Style:  Contemporary Heating: Forced Air
Acreage: 0.2 Sewer: Sewer-Sanitary
Lot Dimen: 66.00X44.00
Office: KW Metro
Beautiful Milford Village. UPDATES GALORE. Walk in to the spacious living area leading to the dining room/breakfast area with a door wall to the NEW Trex multi level deck overlooking the vinyl fenced (2017) backyard oasis, main level boasts hardwood floors throughout. Interior offers 3 bedrooms, 2 full baths, 1st floor laundry. Kitchen updated with Quartz counters in 2018. Second floor bath NEW in 2019, NEW windows including doorwall 2014, attic insulation 2017 and NEW electrical panel 2015. The exposed brick walled basement with a full wet bar & natural wood fireplace walks out to a lower level patio, enjoy the hot tub, installed 2015. Home has incredible storage. Enjoy all that downtown Milford has to offer and canoe the Huron river, all within walking distance. Bike to either Kensington Metro Park or Proud Lake Recreational area Motivated Seller
   
Recent: 11/12/2020 : Sold : PEND->SOLD
730 UNION Street, Milford Vlg 48381 Price: $510,000
$/SF: $236.55
MLS#: 2200079290 Residential Status: SOLD Summer Tx: $6,501
County: Oakland Stat Dt: 11/13/20 Winter Tx: $1,835
School Dist: Huron Valley Beds:
3 Baths: 2.1
Assoc Fee:
SubDiv: UNION SQUARE OCCPN 2131 Sqft Abv: 2,156 Yr Built: 2017
MLS Area: 02162 – Milford Vlg Grg Size: 2 Car Basement: Yes
Architecture: 1 1/2 Story Water: Municipal Water
Style:  Cape Cod Heating: Forced Air
Acreage: 0.15 Sewer: Sewer-Sanitary
Lot Dimen: 48 X 133 X 48 X 133
Office: KW Showcase Realty
MILFORD VILLAGE NEWER CONSTRUCTION, 1ST FLOOR MASTER! HURON VALLEY SCHOOLS. Master en-suite is filled with natural light, spacious walk-in shower, separate water closet in a spa like master bath. Open concept throughout the rest of the first floor, Great Room has a gas fireplace to cozy up to and this amazing kitchen – Granite, white subway backsplash, stainless sink, convection electric oven, gas cooktop, vented range hood, upgraded solid cabinetry with soft close dovetail drawers, 42″ upper cabinets, bottom and top cabinets have slide out drawers. Central Cleaning System. Custom Shutters in the Living Room and Master Bedroom. The garage has TV hook up w/epoxy flooring. Extra long driveway & stamped concrete patio. Alarm system w/home control. Unfinished basement has 9′ ceilings, 3-piece bath rough-in, and extra below-grade moisture protection insulation. Entire home painted April, 2020. Walk to all Milford offers:dining, shopping, walk/bike trail and free summer concerts in the park.
Recent: 11/13/2020 : Sold : PEND->SOLD

How to sell your home for more money

Whether you are thinking of buying or selling in Milford Michigan we can help make your move easier.  Plus you will like these 3 facts.

1.)  We offer lower commissions for home sellers

2.)  We support the Michigan Home Town Heroes program that helps first responders (police, fire, ems), veterans, active military, teachers, professors, doctors, dentists, and nurses.  Go to the website to learn more.

3.)  We have the best homebuyers gift around.  You get up to a $500 gift when you close with Russ as your buyers agent.  We have given away thousands of dollars of gifts.  Do you want to walk away from $500?

Not only are those 3 great reasons to hire Russ but there is more.   He is a full time experienced realtor that listens to his clients.  Call today at (248) 310-6239

 

 

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Metro Detroit real estate update

I wanted to show people that real estate in Metro Detroit is going strong.  The majority of homes sold in many cities are selling at or above list price.  Many of them 1-2% above list.  If you are thinking of selling it is a great time to sell because of the low interest rates and low inventory.  If you are smart and price it right you should get a price that is at the top of the market.  Of course I mean you will get top price if the home is updated and in move in ready condition.  Homes that are worn, need carpet, or touch up painting are not going to get top dollar.  Todays buyers want move in ready homes and will skip over average homes.

Penn Theatre Plymouth MI

PLYMOUTH REAL ESTATE UPDATE

Here are the 10 homes that sold in Plymouth in the last 7 days.
1.) Out of the ten 5 sold at or above list price, but not by more than 2 1/2% higher than list price
2.) 4 of them sold within 4% of list price
3.) The lowest price home sold for 9% below

 

 

 

WEST BLOOMFIELD REAL ESTATE UPDATE
Here are the 11 homes that sold in West Bloomfield in the last 7 days.

1.) Out of the ten 5 sold at or above list price, but not by more than 1 % higher than list price

2.) 5 of them sold within 5% of list price

3.) The lowest price home sold for 6% below list

BLOOMFIELD TOWNSHIP REAL ESTATE UPDATE 

Here are the 12 homes that sold in Bloomfield Hills & Bloomfield Township in the last 7 days.

1.) Out of the twelve only 2 sold at or above list price, but not by more than 1% higher than list price

2.) 4 of them sold within 5% of list price

3.) The lowest price home sold for 11% below list. 4 of them sold close to 10% less than list price

WHITE LAKE REAL ESTATE UPDATE 

Here are the 8 homes that sold in White Lake in the last 7 days.

1.) Out of the eight homes 6 sold at or above list price, but not by more than 2 1/2% higher than list price.

2.) 1 of them sold within 6% of list price

3.) The lowest price home sold for 11% below list

 

So bottom line homes are still selling strong in Metro Detroit. If you are thinking of listing give me a call at 248-310-6239.  We get them sold!

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