Dmitry & Maureen: Moving Metro Detroit

There are all kinds of articles on the web for first time buyers. Plenty of advice, including seminars, classes and such. But rarely do I hear someone talking about first time sellers and the questions they may have. Yes, first time sellers have been on the other side of the transaction once, but the needs of a seller are quite different from the needs of buyer.

To read the full article please click through to it on miOaklandCounty.com

If this is the first time you are selling a Michigan home, here are some things you may not know:

You will find no shortage of our thoughts on selling a home in Seller Information. Our Dear Mr. & Mrs. Seller series contains some of our best advice and commentary on selling a home.

If you are a first time Michigan home seller and need assistance, call Maureen Francis at 248.961.0801.

For the 637 listings:
Average List Price $324,171.00
Median List Price $279,900.00
Highest List Price $1,500,000.00
Lowest List Price $92,500.00
Average Market Time 127

Since January 1, of 2007, 212 homes have gone pending or sold. The average total days on market was 135.16.

Pending Listings: 63
Average List: $312,896
Average List $/Sq Ft: 134.11
Average Market Time: 132.83

Sold Listings: 149
Average Sale:$282,556
Average Sale $/Sq Ft: 125.82
Average Market Time: 136.15

If you are looking for a home in Troy, two you might want to consider are: 1826Latimer.com and 4058Colonial.com

Technorati Tags: troy mi real estate, troy mi homes for sale, troy mi real estate market, troy mi home sales

This market report appears courtesy of miOaklandCounty.com.  

Yesterday I had one of my top 10 most memorable showings. This is a list that you don’t want to be on as most of those showings tend to be memorable for bad reasons, like finding people asleep in beds when you think the house is empty. That is always good for a fright.

My Metro Detroit market is currently swarming with sellers who, because they can't sell, are considering leasing and becoming landlords. Since there are so many of them out there, I think they deserve a name and I am dubbing them Sell-Lords.  Most would rather be sellers but they would like a bit of relief from the monthly payments so they are listed for lease as well.  Or they are waiting out this buyers market by leasing until things pick back up.  They've also contributed to a softening in the rental market by bringing up the supply there, but that is another story.  

Back to yesterday. . .

I opened the unlocked (don’t tenants lock doors?) door of a $500,000+ Birmingham MI home and saw a huge great dane staring at me from the living room. Apparently I excited him because he peed right where he stood.

To read the rest of the story, please visit miOaklandCounty.com

photo of Gus by SFSteve

For more up to the second news about the Metro Detroit/Southeast Michigan real estate market, visit miOaklandCounty.com or Call Maureen at 248.961.0801