Karen Reeber's Real Estate Blog | Farmington Hills MI | First Time Home Buyers, Short Sales, Housing Market, Relocation, Foreclosures, Homes for Sale

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Karen Reeber
REALTORĀ®
    Years of Experience: 35+

    ABRĀ®: Accredited Buyer's Representative
    CRP: Certified Relocation Professional
    CRS: Certified Residential Specialist
    RE/MAX Lifetime Achievement

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Posts Tagged ‘Properties’

Week In Review For The Real Estate

Tuesday, May 12th, 2009

From 5/3/2009- 5/9/2009. 30 listed homes went under contract and/or sold in Farmington Hills last week from $17,000 to $1,100,000, 22 of which were bank owned or otherwise distressed sales.

46 new listings came on the market last week from $29,900 to $3,995,000, 13 of which are bank owned homes or otherwise distressed properties.

And, for the rental market, 6 homes recorded as being rented over the last week by an agent. Overall, 5 more homes were added to the rental market by an agent.

Internet vs. Agent

Thursday, April 30th, 2009

It is true that well over 80% of the buyers today, at the very least, start their new home search on the internet. Many of them think that all they need is the internet to find their new home and all else will fall into place. Well, just how does that happen? In the first place, it is the agent that usually shows the properties that the prospective buyers are interested in; and all else proceeds from there.

All properties on the internet are not necessarily available and/or many do not have all of the amenities that buyers are looking for in their new home. There isn’t always enough information on some of these properties for the buyers to tell if these are the homes that have everything they need and/or want. Also, some of the properties have already been sold and just have not been removed from their respective internet sites.

Once buyers have looked at a property that they are interested in, the fun really begins! Contracts are written, many forms and addendums have to be signed and fully executed, etc., etc. All buyers should jump at the chance of having a buyer’s agent to represent them. As a buyer’s agent, the agent is totally working for the purchaser and helping the buyers to get all that they are entitled to get with very little cost to those same buyers. In most cases, the sellers are paying their agents commission so there is no cost to them for this representation. Most real estate offices charge a small transaction fee; and, that is the only fee that a buyer will incur for the benefit of having agent representation.

A good buyer’s agent can be the key to having a wonderful purchasing experience rather than ending up with a very unpleasant situation. It is the experienced agent that many times will be able to hold a deal together, especially in these very difficult real estate times. It only takes one very bad experience where you lose the house of your dreams to know how much you can appreciate an agent working on your behalf.

Real Estate Week in Review

Tuesday, April 14th, 2009

From 4/05/2009- 4/11/2009. 36 listed homes went under contract and/or sold in Farmington Hills last week from $12,8000 to $272,500, 28 of which were bank owned or otherwise distressed sales.

33 new listings came on the market last week from $39,900 to $550,000, 10 of which are bank owned homes or otherwise distressed properties.

And, for the rental market, 6 homes recorded as being rented over the last week by an agent. Overall, 5 more homes were added to the rental market by an agent.

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