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Archive for May, 2011

Clarkston MI- Are Final Water Bills Settled At Close or Possession? The question above, or variations of it, was a search term that was used a few times to find my seller blog this week. It’s a good question. After selling real estate for a while it’s easy to forget that most sellers only go [...]

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What Is A Home Warranty And Who Pays For It? I was going over an offer to purchase with one of my sellers recently and one of the things the buyer was asking for was for the seller to supply a 1 year home warranty. The seller asked if this meant she was responsible for [...]

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Oxford Lake, Oxford MI Home Sales Update Home sale pricesin Oxford Lakes Sub in Oxford MI are still pretty much in the crapper. Sales so far this year range from $111,550-$149,900 for off the water houses, and 2 houses on Oxford Lakesold for $173,000 and $381,000. That $381K sale is the only sale so far this year over $200,000. There [...]

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Woodbriar Sub, Oxford MI Home Sales Update Home sale prices in Woodbriar Sub in Oxford MI seem to have stabilized over the past couple years and may even be shifting upwards. So far this year there have been 4 closed sales in Woodbriar ranging in sale price from $132,950-$183,000. 1141 Woodbriar 3 bedroom 3 1/2 [...]

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Most of my posts about Clarkston MI have been about the Village of Clarkston and Independence Township. To get the stats for this post I used Clarkston school district for my search criteria to not only include the Village of Clarkston and most of Independence Township, but also parts of Springfield Township, Orion Township, White Lake Township [...]

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Buying an Oakland County MI Short Sale Listing- What to Expect Between what I’ve heard on TV and radio, read and from conversations I’ve had with clients, potential clients, other agents, relatives, friends… I have learned that there are a whole host of definitions for the term “short sale.” And most of them not very [...]

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What Happens if the Appraisal is Low? Low appraisals (appraised value coming in lower than the agreed upon sale price) are becoming more common and will probably remain a problem for quite awhile to come. There are many reasons why appraisals can come in low, and it is usually NOT because the buyer was prepared [...]

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Lake Orion MI home sales through April are down a bit from last year- both units and median sales price. The average sales price is up. The year started out a bit strangely with very low median sales prices in Jan and Feb. Then Lake Orion home prices shot up in March and April, so I [...]

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