West Bloomfield Foreclosures as of 3-11-13

West Bloomfield Foreclosures as of 3-11-13 are listed below. There are currently 14 homes in foreclosure in West Bloomfield with an average time on the market of only 30 days. Finding a quality foreclosure in West Bloomfield that you can fix up and live in or fix up and flip takes a keen eye and a good Real Estate expert, such as myself. Here is some information you might find useful when looking for West Bloomfield Foreclosures:

How do you know if you are getting a bargain in a home right now?  It is pretty easy to find out if the home you are buying is a bargain.  Ask your Real Estate agent to pull all the comparables in the area.  A comparable is a home that is very similar in size and style as the house you are buying.  For example you only compare ranch to ranch and colonial to colonials.  You should never have to compare a ranch to a colonial.

Some of the basic rules of appraising is that you look for a similar style of home with roughly the same features and approximately the same square footage within a square mile of the existing property without crossing over any main roads, or railroad tracks.  And they should have sold within the last six months.  Houses that have sold over six months ago may not be a good comparable any more.  Especially like the market we are having in 2007.

So your agent should first pull all the homes that have sold in the neighborhood, then they should pull all the homes that have sold within the square mile. They all should have sold within the last six months.   Then the agent should pull the sold homes in the city if he can´t find enough comparable’s.  Some agents don´t like to do this because all they care about is selling a home and not whether the home is worth the price.

You can then take a look at all the sold homes and see how the price of the house you are buying compares to the sold homes.  Look at the square footage and the features to be able to compare apples to apples.  This is how you tell whether the home you are buying is worth it.  If you are looking to buy a Metro Detroit home and want an agent to look out for you email me or call me on my cell at 248-310-6239.

ADDRESSBATHBEDSSQ
FOOT
BASEGARAGELOT   DIMENLP   PER SQFT
1648 MADDOX ST12939NN60X10040.46
4382 N GREEN LAKE   RD13850NN50X10064.58
4908 LAKEVIEW AVE231609NN40X12052.76
3351 OAKLEAF DR131172NY103X37989.59
7212 STONEBROOK RD1.132054YY125X12960.80
5565 BRYDEN ST131910NY150X12070.68
2451 LAKENA RD241454YY120X9092.84
3638 OAKLEAF DR2.142728YY100X15361.91
4188 OLD DOMINION   DR2.142557YY105X12882.12
7101 OAKWOOD DR2.133115YY90X13277.01
4121 BLACKBURN DR2.131977YY131X150123.87
3475 MIDDLEBELT RD2.233393NY163X21581.93
2456 LONE PINE RD2.132236YY100X178143.11
2350 UPLONG ST2.133104YY75X170115.94

If you have questions about Metro Detroit foreclosures feel free to give me a call or email me. My cell is (248) 310-6239 and my email YesMyRealtor@gmail.com.

Have a great day!

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Livonia Spree

Wayne County MI real estate market statistics

The current Metro Detroit real estate market as of July 2009

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