Karen Reeber's Real Estate Blog | West Bloomfield MI | Short Sales, Foreclosures, First Time Home Buyers, Real Estate Market, Buyers, Sellers

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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 ‘Home Sales’

West Bloomfield Homes Sales Are Picking Up!

Friday, June 19th, 2009

WEST BLOOMFIELD HOME SALES SEEM TO BE PICKING UP!

How could they not be with these prices! I never thought that home prices would be this good again, First time buyers are able to get into homes that they only dreamed of before; and, to top it off, they receive up to an $8000 tax credit on their 2009 tax returns. Even if you are not a first time buyer; but, have just not owned a home for the past 3 years, you could be eligible for this tax credit.

The properties that are priced right for this market are selling; and, some of them even are getting multiple offers. Maybe it is just because summer is near; but, there are definitely more people out looking for their new home then there have been in many months. Even if this only lasts a couple of months, it has to help in getting some of the pent up home inventory off of the market.

Banks seem to be more willing to work with short sales, especially in the higher market price point so we’re seeing more of these homes get snatched up at amazing prices. For example, there is one on Middle Straights Lake that is over a million that just got an offer….let me tell you that buyer is going to get a great deal!

Faith in home ownership is still alive and well, it just takes a bit more effort. It takes a bit more effort with the financing, a bit more effort in searching out the good properties and a bit more effort in getting to the closing table. It might also take a bit more effort in searching out a good agent that can help you handle all of the obstacles of today’s market. Don’t hesitate to call us if you are in need of such an agent.

Market Recap

  • Avg. Sales Price: $246,028

  • Avg. Days on Market: 135 *From final list

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