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Archive for September, 2010

Is This a Trend? Clarkston Michigan Sales are Up AGAIN! Let’s hope it is. The past couple days I wrote similar posts for Lake Orion and Oxford. And today I’m happy to write that sales are up, AGAIN, in Clarkston Michigan. The median sales price was up for the first half of the year, up [...]

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Oxford Michigan Homes- Prices Up! Inventory Down! Does this mean Oxford Michigan real estate has reached rock bottom? Who knows? What I can state is that at the end of August: Unit sales are up 17.5% Median sales price is up 15% Total sales volume through August 2010 was $30,807,690 vs $22,988,190 in 2009. In [...]

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Lake Orion Michigan- Sale Prices Up 4 Months In a Row! Normally hearing that year to date median sale prices are down 3.4% wouldn’t be good new. But when you consider Lake Orion Michigan/Orion Township Michigan prices have been plummeting since 2005, a slight decrease in prices truly is good news. Even better news is [...]

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It’s no big secret that Michigan residents in general have been going through some rough economic times. I say in general, because not everybody is hurting. But with unemployment/underemployment at 20% or more many Michiganders have felt a financial pinch. Some of that financial pinch shows in many of the houses that have sold in [...]

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Michigan Tax Legislation Now in the House of Representatives- Good News for Home Buyers A brief explanation of how Michigan property taxes work. We have what is called the homestead exemption for a person’s primary residence in The Great Lakes State, which basically means if the house is your primary residence you get a break [...]

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Why an Oakland County Michigan Foreclosure Listing May Not be the Best “Deal” I often get inquiries from potential buyers who want to look at foreclosure listings. No short sales. No “regular” listing. Just foreclosures. Sometimes foreclosure listings in Oakland and Lapeer County Michigan are GREAT deals. Often times foreclosure listings are grossly under-priced. And [...]

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The Foreclosure Process in Southeast Michigan Many of the numbers the media likes to spout about homes going into foreclosure are a bit exaggerated. When you read about the number of homes in foreclosure the stats often quoted are the notices of foreclosure that have been served- not the new bank owned listings. There are [...]

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Unless you’re a cash buyer, our standard purchase agreement contains a financing contingency. Even if you are pre-qualified you need this contingency to protect yourself. If your financial situation changes after writing the offer (such as job loss) you need the protection of the financing contingency. It also protects you if the house has problems [...]

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Oakland County Michigan Home Buyer- Find a Foreclosure Listing You Want? Jump on It! Dear Home Buyer, While it is true that we are currently in a buyers market here in Oakland County Michigan if you define a “buyer’s market” as follows: low prices, low interest rate. One thing that is strange about this market [...]

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Lakes of Indianwood, Oxford Michigan Lakes of Indianwood is an upscale subdivision (higher priced, larger homes) covering Orion and Oxford townships in North Oakland County Michigan. The majority of the lots are heavily wooded – some waterfront. There are approximately 90 acres of lakes and streams, 125 acres of wetlands (aka waterfowl habitats), and the Polly [...]

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