Metro Detroit Real Estate Homes For Sale

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Red Run Sub in Royal Oak Michigan

Red Run Golf Club Royal Oak MichiganThe Red Run Subdivision of Royal Oak Michigan is located within a one mile square area between twelve mile and thirteen mile that runs from Rochester Rd. to Campbell Ave.  It gets its name from the Red Run Golf Club located nearly within the center of the community.  Just north of the Red Run Golf Club is a park that is another great plus to what this subdivision has to offer.

While many residents may belong to the Red Run Golf Club, this is not what primarily draws people to the subdivision.  The homes consist mostly of bungalows and ranches averaging between 1000 and 1200 square feet built in the 1950s.  A neighborhood with large trees, sidewalks and a feeling of community appeals to people while remaining very affordable.  When I first became a Realtor, my owner spoke of this neighborhood with a certain distinction that I grew to understand and appreciate when I sold my first home there. 

My buyers were referred to me from a friend and they were very clear from the start that they wanted to live in the Red Run area.   They didn’t want to look anywhere else because it was centrally located between each of their places of employment.  It is located near two major expressways and a mile away from downtown Royal Oak.  I showed them six homes in the Red Run Sub and they put an offer on a home that very same day.

 

Red Run Subdivision in Royal Oak Michigan from Cathy Tishhouse on Vimeo.

Soon after, two more clients purchased homes in Red Run.  One of my buyers already lived there and wanted a larger home.  He was also a member of the Red Run Golf Club.  While we looked in other areas of Royal Oak and Beverly Hills, they chose a home almost walking distance to the Golf Club.  Their daughter swam there in the summers, they ate in the restaurant and enjoyed the family activities like yearly fire works.  When we closed on the home, the listing agent wore a shirt with the Red Run Golf Club crest and my client noticed it immediately. 

This is such an appealing area of Royal Oak that in the last six months 12 homes sold and five of them in June and July – only one was a foreclosure.  There are currently 24 listings ranging from $80,000 to $235,000 with an average of $169,500.  This is excluding the one foreclosure and about three new builds unique to the community over $300,000.  Excluding one foreclosure and one home over $400,000, the average sale price in the past six months was $135,500.

 

 

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

 

Royal Oak Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

Ferndale Michigan Monthly Market Analysis Homes Sold June 2009

 

Ferndale Michigan Monthly Market Analysis Homes Sold June 2009

June 09 median sale prices increased 18% from May 09 & same # of homes sold. Private owned median price increased 28% June 09 from May 09 &.  Bank owned homes median price increased 17% in June 09 from May 09. 

June 09 median sale price decreased 24% from June 08 

Second Quarter 09 median sale price decreased 39% from Second Quarter 2008

Yr ending June 09 median sale price compared to yr ending June 08 decreased 57%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

 

Active & Sold June 2009

294 listings:

 

43 Sold listings:

 

Median List Price 

$89,900

Median Sold Price 

$44,000

Avg. Days On Market

151

Avg. Days On Market

96

Private Owned

241 listings

Private Owned

21 Sold 

Median List Price 

$102,000

Median Sold Price 

$97,000

Bank Owned

53 listings

Bank Owned

22 Sold 

Median List Price 

$34,900

Median Sold Price 

$24,500

Active & Sold May 2009

294  listings:

 

43 Sold listings:

 

Median List Price 

$85,000

Median Sold Price 

$36,000

Private Owned

239 listings

Private Owned

19 Sold 

Median List Price 

$100,000

Median Sold Price 

$69,900

Bank Owned

55 listings

Bank Owned

24 Sold 

Median List Price 

$29,900

Median Sold Price 

$20,350

Active & Sold June 2008

281  listings:

 

30 Sold listings:

 

Median List Price 

$89,900

Median Sold Price 

$57,825

Second Quarter ending June 30, 2009

373 listings:

 

122 Sold listings:

 

Median List Price 

$75,000

Median Sold Price 

$38,000

Second Quarter ending June 30, 2008

346 listings:

 

95 Sold listings:

 

Median List Price 

$89,900

Median Sold Price 

$62,500

July 1, 2007 – June 30, 2008

593 listings:

 

303 Sold listings:

 

Median List Price 

$99,500

Median Sold Price 

$103,000

July 1, 2008 – June 30, 2009

691 listings:

 

440 Sold listings:

 

Median List Price 

$67,500

Median Sold Price 

$44,000

Compares only median sold price of residential homes sold in June 09 with May 09 & June 08; year ending June 08 with yr ending June 09 & second quarter ending June 09 compared to 2nd quarter June 08 . It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.

 

 

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

 

Market Analysis for Ferndale March 2009

Market Analysis for Ferndale February 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Oakland County Market Analysis for April 2009

Oakland County Market Analysis for March 2009

Ferndale Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Rochester & Rochester Hills Michigan Market Analysis Homes Sold June 2009

 

Rochester & Rochester Hills Michigan Market Analysis Homes Sold June 2009

June 09 median sale prices decreased 5% from May 09 & a 14% increase # of homes sold. Bank owned homes median price decreased 12% in June 09 from May 09 

Private owned homes median price decreased 18% in June 09 from May 09 & # sold increased 17% in June 09

June 09 median sale price decreased 21% from June 08   

Second Quarter ending June 09 decreased 17% from 2nd Quarter ending June 08

Yr ending June 09 median sale price compared to yr ending June 08 decreased 12.5%

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds June 2009

657 listings:

 

65 Sold listings:

 

Median List Price 

$239,000

Median Sold Price 

$180,000 

Avg. DOM

206

Avg. DOM

124

Private Owned

599 listings

Private Owned

41 Sold 

Median List Price 

$248,000

Median Sold Price 

$199,900

Bank Owned

58 listings

Bank Owned

24 Sold 

Median List Price 

$138,950

Median Sold Price 

$99,750

Active & Solds May2009

644 listings:

 

56 Sold listings:

 

Median List Price 

$239,900

Median Sold Price 

$189,950

Private Owned

578 listings

Private Owned

34 Sold 

Median List Price 

$249,900

Median Sold Price 

$245,000

Bank Owned

66 listings

Bank Owned

22 Sold 

Median List Price 

$125,950

Median Sold Price 

$113,450

Active & Solds June 2008

656  listings:

 

64 Sold listings:

Median List Price 

$239,900

Median Sold Price 

$226,500

Second Quarter:  April 1 – June 30, 2009

758 listings:

 

166 Sold listings:

Median List Price 

$233,950

Median Sold Price 

$185,000

Second Quarter:  April 1 – June 30, 2008

437 listings:

 

154 Sold listings:

Median List Price 

$239,900

Median Sold Price 

$222,500

July 1, 2007 – June 30, 2008

1185 listings:

 

593 Sold listings:

Median List Price 

$249,900

Median Sold Price 

$240,000

July 1, 2008 – June 30, 2009

1222 listings:

 

630 Sold listings:

Median List Price 

$232,352

Median Sold Price 

$210,000

Compares only median sold price of residential homes sold in June 09 with May 09 & June 08; year ending June 08 with yr ending June 09 & second quarter ending June 09 compared to 2nd quarter June 08 . It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $10,000.

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

 

Rochester Hills Market Analysis May 2009

Rochester Hills Market Analysis April 2009

Rochester Hills Market Analysis March 2009

Rochester Hills Market Analysis February 2009

Rochester Hills Market Analysis for January 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Oakland County Market Analysis for April 2009

Oakland County Market Analysis for March 2009

Rochester Hills Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Market Analysis For Homes Sold in Birmingham Michigan June 2009

 

Market Analysis For Homes Sold in Birmingham Michigan June 2009

Good News for Birmingham Michigan Month of June 09 - Values Increase

June 09 median sale prices increased 18% from May 09 & a 35% increase # of homes sold. Private owned homes median price increased 27% in June 09 from May 09.  Bank owned homes median price increased 10% in June 09 from May 09. 

June 09 median sale price decreased 29% from June 08:  Up slightly from a 31% decrease in May 09 compared to May 08

Second Quarter 09 decreased 26% from second quarter 2008:  Larger decrease compared to 1st Quarter 2009 which was down 12% from 1st Quarter 2008

Year ending June 2008 median sale price compared to yr ending June 09 decreased 23%; 1% increase from year ending May 09 compared to yr. ending May 08

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

 

Active & Solds June 2009

407 listings:

 

37 Sold listings:

 

Median List Price 

$400,000

Median Sold Price 

$300,000

Avg. DOM

202

Avg. DOM

167

Private Owned

381 listings

Private Owned

25 Sold 

Median List Price 

$444,900

Median Sold Price 

$378,990

Bank Owned

26 listings

Bank Owned

12 Sold 

Median List Price 

$167,450

Median Sold Price 

$192,450

Active & Solds May 2009

394 listings:

 

24 Sold listings:

 

Median List Price 

$400,000

Median Sold Price 

$245,325

Private Owned

370 listings

Private Owned

14 Sold 

Median List Price 

$444,950

Median Sold Price 

$275,250

Bank Owned

24 listings

Bank Owned

10 Sold 

Median List Price 

$164,950

Median Sold Price 

$173,500

Active & Solds June 2008

393 listings:

 

23 Sold listings:

 

Median List Price 

$429,900

Median Sold Price 

$423,000

Second Quarter:  April 1 – June 30, 2009

462 listings:

 

92 Sold listings:

 

Median List Price 

$398,000

Median Sold Price 

$257,500

Second Quarter:  April 1 – June 30, 2008

437 listings:

 

67 Sold listings:

 

Median List Price 

$400,000

Median Sold Price 

$350,000

July 1, 2008 – June 30, 2009

645 listings:

 

275 Sold listings:

 

Median List Price 

$369,000

Median Sold Price 

$262,500

July 1, 2007– June 30, 2008

599 listings:

 

299 Sold listings:

 

Median List Price 

$399,000

Median Sold Price 

$340,000

Compares only median sold price of residential homes sold in June 09 with May 09 & June 08; year ending June 08 with yr ending June 09 & second quarter ending June 09 compared to 2nd quarter June 08 . It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $15,000.

If you are looking to Purchase a Home, click here for an IDX Home Search 

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Birmingham May 2009

Market Analysis for Birmingham April 2009

Market Analysis for Birmingham March 2009

Market Analysis for Birmingham February 2009

Birmingham Michigan January 2009 Market Analysis

Oakland County Market Analysis for May 2009

Oakland County Market Analysis for April 2009

Birmingham Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Truth In Lending: New Rules July 30 & Expected Delays

'The new Truth & Lending Guidelines taking effect July 30 have the potential of creating significant delays in getting a deal closed' is the message I have been getting from my lender.  They are a company that I highly trust and respect and I often refer buyers.  I know them to be extremely organized, no needless charges to my buyers and helpful even when I need assistance with someone who who isn't their client.  When they have a concern, I listen.  Their first e-mail regarding this warned me that they need all information regarding fees etc. immediately.  Since I did not understand anything yet, I am like - What's ALL the Fuss??  Frankly it seemed a bit overzealous - I pretty much do this already and, after all, we usually have at least 30 days and things always get done.  I have had no delays in closing due to anything on their side.  Why the worry?

As I receive more communication, I am beginning to understand the impact it will have on my buyers and closing our deals. Here is a video that gives a good general explanation (FYI skip a bit of the beginning). While my current deals are not affected, I see that new deals with similar circumstances will be.  Here are a couple.  

I have an offer that was countered by the bank a couple weeks ago where they shortened the closing period and the time we requested for the home inspection.  We tried to extend both but it was complicated and my first time buyers REALLY wanted this home.  We accepted and rushed on the inspection and appraisal was ordered the next day and done almost immediately.  We seem to be on track and the new Truth In Lending was not in effect to delay anything on this one.  However it has me thinking about this shortened closing period for future.

Today we accepted a counter on an offer for another foreclosed home.  When we received the counter, it extended the closing to Sept. 11, 2009 (we had the typical 30+ days August 28).  No problem as we can often close sooner but thought it unnecessary.  On this one, there was a $50 per diem for the buyer for delays written in the counter.  Again, we started the process before the Truth in Lending kicked in and had to submit a Good Faith Estimate with the accepted counter.  Just to be clear on this, I checked with my lender to see if the new rules would kick in after July 30.  Their answer was they understood it as "application date" but any lender can use their own interpretation and he is using another lender  I also am working on a HUD offer just accepted but luckily they put 60 days.

While I want consumers protected and to insure we don't get in this mess again, I can see some dangers in not being totally on top of EVERYTHING - which is probably the desired outcome overall.  While I have a great lender who is as organized and proactive as I am, there is a new urgency in deadlines and getting documents and fees back from buyers, lenders, agents, appraisers, title companies, banks.  When there are so many fingers in the pie, we tend to lose control.  I am very lucky right now as all my buyers seem to instantaneously respond to my e-mails and are very proactive.  However, writing that closing deadline in the offer has a whole new context--not to mention agreeing to a shorter one -- especially with a per diem attached.

Here is a Big One:    As we get closer to the December 1 deadline, I can see this as a potential nightmare for the first time buyer credit.  When a buyer is getting $8,000 (or not) completely dependent on closing by this date, this could have us biting our nails -- and a huge disappointment to a buyer who is counting on that credit and it closes on December 2!!

If you are looking to Purchase a Home, click here for an IDX Home Search 

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Royal Oak Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Royal Oak Michigan Market Analysis June 2009

Royal Oak Monthly market analysis June 2009.  It compares only residential homes sold in June 2009 with May 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In latter part 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  To exclude leases in data, minimum sale price used was $5,000.

June Market Analysis for Royal Oak

June 09 median sale prices increased 1% from May 09 & # of homes sold increased 25%. Private owned median price increased 6% in June 09 from May 09.  Bank owned homes median price decreased 13% in June 09 from May 09. 

June 09 median sale price decreased 22% from June 08 & # homes increased 10%  

Second Quarter ending June 09 median sale price decreased 29% from second Quarter June 08.  Homes sold increased 2% in Second Quarter June 09

Year ending June 2009 median sale price compared to yr ending June 08 decreased 23%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold June 2009

588 listings:

 

84  Sold listings:

 

Median List Price 

$149,949

Median Sold Price 

$121,750

Avg. Days On Market

150

Avg. Days On Market

102

Private Owned

532 listings

Private Owned

62 Sold 

Median List Price 

$155,000

Median Sold Price 

$140,000 

Bank Owned

56 listings

Bank Owned

22 Sold 

Median List Price 

$68,900

Median Sold Price 

$62,250

Active & Sold May  2009

584 listings:

 

63 Sold listings:

 

Median List Price 

$149,900

Median Sold Price 

$120,000

Private Owned

536 listings

Private Owned

48 Sold 

Median List Price 

$154,450

Median Sold Price 

$132,000

Bank Owned

48 listings

Bank Owned

15 Sold 

Median List Price 

$76,862

Median Sold Price 

$72,000

Active & Sold June 2008

580  listings:

 

76 Sold listings:

 

Median List Price 

$154,950

Median Sold Price 

$156,250

Second Quarter:  April 1 – June 30, 2009

709 listings:

 

205 Sold listings:

 

Median List Price 

$144,900

Median Sold Price 

$110,000

Second Quarter:  April 1 – June 30, 2008

704 listings:

 

200 Sold listings:

 

Median List Price 

$157,400

Median Sold Price 

$155,000

July 1, 2007 – June 31, 2008

1170 listings:

 

666 Sold listings:

 

Median List Price 

$162,250

Median Sold Price 

$162,000

July 1, 2008 – June 31, 2009

1176 listings:

 

672 Sold listings:

 

Median List Price 

$139,900

Median Sold Price 

$125,225

 

IIf you are looking to Purchase a Home, click here for an IDX Home Search 

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

 

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for May 2009

Oakland County Market Analysis for April 2009

Oakland County Market Analysis for March 2009

Royal Oak Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

 

Berkley Michigan Market Analysis Homes Sold June 2009

 

The following is a monthly market analysis for Berkley Michigan Real Estate.  It compares only residential homes sold in May 2009 with April 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  Berkley Market Analysis of Homes Sold also compares year ending May 2008 to May 2009.  To exclude leases in data, minimum sale price used was $5,000.

Market Analysis for Homes Sold in Berkley MI June 2009

June 09 median sale prices increased 29% from May 09 & # of homes sold increased 32%. Private owned median prices remained relatively the same in June 09 from May 09 & # of homes sold increased 50% Bank owned homes median price decreased 13% in June 09 from May 09. 

June 09 median sale price decreased 19% from June 08 & 39% decrease in # homes sold.  

Year ending June 2009 median sale price compared to yr ending June 08 decreased 16%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold June 2009

195 listings:

 

19 Sold listings:

 

Median List Price 

$129,900

Median Sold Price 

$110.000

Avg. Days On Market

149

Avg. Days On Market

121

Private Owned

171 listings

Private Owned

14 Sold 

Median List Price 

$134,900

Median Sold Price 

$119,250 

Bank Owned

24 listings

Bank Owned

5 Sold 

Median List Price 

$74,950

Median Sold Price 

$48,500

Active & Sold May 2009

187  listings:

 

13 Sold listings:

 

Median List Price 

$129,900

Median Sold Price 

$78,000

Private Owned

162 listings

Private Owned

7 Sold 

Median List Price 

$134,950

Median Sold Price 

$119,200

Bank Owned

25 listings

Bank Owned

6 Sold 

Median List Price 

$134,950

Median Sold Price 

$55,562

Active & Sold June 2008

207  listings:

 

31 Sold listings:

Median List Price 

$129,900

Median Sold Price 

$135,200

July 1, 2007 – June 30, 2008

398 listings:

 

222 Sold listings:

Median List Price 

$139.900

Median Sold Price 

$144,415

July 1, 2008 – June 30, 2009

410 listings:

 

234 Sold listings:

Median List Price 

$129,900

Median Sold Price 

$120,875

If you are looking to Purchase a Home, click here for an IDX Home Search 

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

 

Market Analysis for Berkley May 2009

Market Analysis for Berkley April 2009

Market Analysis for Berkley March 2009

Market Analysis for Berkley February 2009

Market Analysis for Oakland County May 2009

Market Analysis for Oakland County April 2009

Oakland County Market Analysis for March 2009

Oakland County Market Analysis for February 2009

Berkley Michigan Realtor selling Oakland County Real Estate  TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Berkley Michigan Market Analysis Homes Sold May 2009

 

The following is a monthly market analysis for Berkley Michigan Real Estate.  It compares only residential homes sold in May 2009 with April 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  Berkley Market Analysis of Homes Sold also compares year ending May 2008 to May 2009.  To exclude leases in data, minimum sale price used was $5,000.

Market Analysis for Homes Sold in Berkley MI May 2009

May 09 median sale prices decreased 27% from April 09 & # of homes sold decreased 46%. Private owned median price decreased 23% in May 09 from April 09 & # of homes sold decreased 56% Bank owned homes median price increased 23% in May 09 from April 09. 

May 09 median sale price decreased 39% from May 08 & 48% decrease in # homes sold.  

Year ending May 2009 median sale price compared to yr ending May 08 decreased 16%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold May 2009

187 listings:

 

13 Sold listings:

 

Median List Price 

$129,900

Median Sold Price 

$78,000

Avg. Days On Market

146

Avg. Days On Market

99

Private Owned

162 listings

Private Owned

7 Sold 

Median List Price 

$134,950

Median Sold Price 

$119,200 

Bank Owned

25 listings

Bank Owned

6 Sold 

Median List Price 

$69,500

Median Sold Price 

$55,562

Active & Sold April 2009

193  listings:

 

24 Sold listings:

 

Median List Price 

$134,900

Median Sold Price 

$107,500

Private Owned

169 listings

Private Owned

16 Sold 

Median List Price 

$138,000

Median Sold Price 

$155,170

Bank Owned

24 listings

Bank Owned

8 Sold 

Median List Price 

$76,650

Median Sold Price 

$43,000

Active & Sold May 2008

199  listings:

 

25 Sold listings:

Median List Price 

$129,900

Median Sold Price 

$128,641

June 1, 2007 – May 31, 2008

395 listings:

 

221 Sold listings:

Median List Price 

$144,500

Median Sold Price 

$146,000

June 1, 2008 – May 31, 2009

420 listings:

 

246 Sold listings:

Median List Price 

$129,900

Median Sold Price 

$123,000

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Berkley April 2009

Market Analysis for Berkley March 2009

Market Analysis for Berkley February 2009

Market Analysis for Oakland County May 2009

Market Analysis for Oakland County April 2009

Oakland County Market Analysis for March 2009

Oakland County Market Analysis for February 2009

Berkley Michigan Realtor selling Oakland County Real Estate  TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

 

Buying A Home: What Does Your Agent Point Out At First Visit?

 

I often write about first time buyers and why they want to be represented by a “buyer’s agent” (all buyers really) and here is just another example.  My office partner showed one of my listings to a buyer who found it on the Internet.  He is new to the area and a first time buyer.  Investors totally renovated my listing and are now selling.  Everything is updated and with good quality choices.  However it has some challenges with total square feet and no basement.

 

She was representing my seller and the buyer was calling listing agents to show him homes.  In fact he was late because he had to wait for the agent at his previous viewing.  In the same week, I showed one of my listings to a buyer who doesn’t want a “Buyer’s Agent” because she feels she will save money if she uses the listing agent.

 

The first buyer decided against my listing but called us to work with him on finding a home.  While our first priority is to sell our listing, after a buyer decides they are not interested, we propose working with them to find the right one.  So my office partner took this buyer out and started showing other listings.  One of his first comments was “I can’t believe how much you are telling me about this home that you did not say about the first one you showed me!”

 

When I recently showed my listing to a buyer, I was very complimentary about the home – it is lovely and priced well.  However it does need new windows, a new furnace and has some challenges with the location.  As a seller’s agent, I would never point this out to a buyer.  I answer all questions about the home and condition honestly (if those questions are asked).  As a seller’s agent, I am not offering any additional information about a home.

 

This is particularly important for first time buyers to know - it is in your very best interest to be represented – and it costs you only an agency commission fee.  Our office charges $250 that is paid only at closing.  The seller often covers this as part of closing costs for a buyer.  I haven't figured out why buyer’s think they save money (I have heard this before) – particularly in a “buyer’s market" where seller's price competitively.  The seller pays all commission and most everything else if a buyer’s agent asks for closing costs. 

 

I have taken care of both buyers and sellers in a transaction and am as fair as possible in representing everyone and have the best interests of all parties.  However, we are a designated agency so my first responsibility when I am the "listing agent"  goes to the seller.  If you are a buyer, it is in your best interest to be represented.  You want a Realtor working only for you to make sure you get the best home in the best condition in the best area at the minimal cost for your price range.  A buyer’s agent will do a market analysis and negotiate aggressively on your behalf.  You want a home inspection and you want to be represented every stop of the way.  Think about it . . . it makes sense.

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Royal Oak Realtor selling Oakland County Real Estate  and Real Estate in most of Southeastern Michigan.  TishHouse sells Houses - with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service and you can always follow me on Twitter.