Tricia Raymond



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Sellers: Considerations for 2019

Happy 2019! What’s the news for real estate in the Metro Detroit region ?

The majority of the Metro-Detroit area housing market has fully recovered over the last 7 years.  The hardest hit markets have come up 60 – 75 %,  with middle price range areas seeing generally full recovery.   At this point, short sales are mostly a thing of the past.   Also, we’ve sold quite a few homes that owners had previously rented out while waiting for equity return. It did, and owners enjoyed a profit!  We have many investors that bought on the cheap in 2010-2013 that rented out the properties and are now selling and taking profits.  Quite a bit of new construction activity is also selling at top dollar in the market.

So, if you’ve been waiting to sell, and still think you can’t, most likely you can walk away with cash.  Call me now at 248-229-8859 for a free no-pressure valuation of your home, and then make your informed decision.  

2018 finished up with average marketing time of only 30 days to sell a home in Macomb,  31 days in Oakland and 29 days in Wayne counties! 

Are there still any foreclosures? GOOD QUESTION!  At the start of 2018, there were only 55 foreclosures currently listed in our MLS in Oakland, 56 in Macomb and 149  in Wayne.  Another 185 are listed as under contract and scheduled to close within 30 days (last year there were 395 at this time). For 2018 the number of mortgage foreclosures sold through the MLS  dropped to 373  in Oakland County (757 in 2017) ,  362  in Macomb County ( 671 in 2017) and  1178 (2168 in 2017) in Wayne County. So basically the foreclosures have dropped in half again and are down to a normal regular amount.

So, if you're looking for a foreclosure and think they're easy to find like five years ago, you missed the boat! They're now down to a normal market level.  I’m in my 15th year of listing and selling foreclosures for banks, with an expert knowledge of the foreclosure market, and will always have a few coming up.  But, if you really want a fixer upper, expect to have me direct you to other distressed situations, like bankruptcy, probate and estate sales.

My multicultural team is based in the heart of Oakland county, and reflects the diversity of the area. My team speaks many languages, making them ready and able to serve you for selling, American Dream  of owning a home, or leasing.  

Call us today at (248) 229-8859 so that we can chat about, develop and achieve your real estate goals!

Client Comments

Click here for a very kind unsolicited voicemail I recently received - Used with permission.

 " Hey Tricia!  We just got back from dinner a short bit ago, and found a gift card inside the card attached to the plant!  Thanks so much.  I have to say (and I’ve told other folks), it really was a treat working with you on the house hunt.  From the title business, I’ve grown accustomed to less-than-stellar expectations of real estate agents.  The experience working with you was a pleasant surprise for me – it was so nice to work with someone who’s so competent and willing to work for me!      Thanks again!       Brian M - Royal Oak, MI"

"...really appreciate the great lengths to which you have gone and are continuing to go on my behalf in this deal. I have dealt with numerous buyers agents in Ohio and Michigan in the past and you are unquestionably and by far the best! I will definitely be utilizing you in my future investments as well as referring others to the best Michigan agent that I know. Your patience, professionalism, and subject matter knowledge on this deal has been above reproach.                                                            Tony. D. King"

"...thanks for everything you did for us to find a home. I know it was less than easy some days but please know that we appreciate it all. We especially appreciate that you offered $393 when we were going to offer $399. That was extra sweet! HA! We love our home and are thankful for all of your efforts. The rose bush and the gift certificate were very thoughtful.                                Regards,   Arist & MaryBeth M. - Rochester "
"...appreciate the time you spent with us. We learned so much from you. So, I just want to say thank you - we would not hesitate to recommend you. I totally appreciate all the time that you spent. You are very perceptive and you totally get it.                                                                  Thanks again,    John & Gail S.- Birmingham"