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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karenreeber
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. 28 listed homes went under contract and/or sold in West Bloomfield last week from $64,900 to $429,900, 18 of which were bank owned or otherwise distressed sales.

32 new listings came on the market last week from $43,300 to $2,395,000, 4 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, 7 more homes were added to the rental market by an agent.

Investment Tips In a Real Estate Blog???

Monday, April 20th, 2009

Something to think about isn’t it? I have been reading so much about how retirement accounts are dwindling because of the stock market situation and how many investment accounts are tied to same. I also have been seeing advise on investing in this terrifically priced real estate market for your future. Why not take some of the money that you have earmarked for retirement and purchase some well priced real estate? Real estate prices are very depressed these days; but, no one expects them to stay this depressed forever.

Sooner or later, the housing prices will start to escalate again. Wouldn’t it be nice to be on the upswing of these prices with not just your humble abode but some other properties as well?

It would be best for anyone thinking about making real estate investing your retirement vehicle to consult a retirement and/or tax specialist. I do believe that the self directed retirement accounts have to be set up specifically to qualify.

The outlook on other investments has been pretty bleak for well over a year. It just seems with the real estate avenue, some of us can get the chance to recoup not only those losses we have already experienced; but, hopefully, make up for some lost investment time once this market turns around.

Just a thought……..

Market Recap

  • Avg. Sales Price: $246,028

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

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