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Sellers: Considerations for 2016
Happy 2016! What’s the news for real estate in the Metro Detroit region ?
For starters, last November, the Multi List Median Sale Price reached a 10-year record high and additional drops in foreclosure sales. There also continues to be a very low inventory –approximately 2 to 3 months --which supports rising prices in many areas while others have mostly stabilized. That low inventory is keeping the builders busy as they’re able to sell a good number of new builds with so few used homes available. 2015 finished with average days on market of only 44 days to sell your home in Oakland, Macomb and Wayne counties! That means if you’re ready to sell, you need to also be ready to move and either buy or rent your new home.
If you think your home is “underwater”, it may not be as far under anymore as you think – or you could be pleasantly surprised that you could actually break even now or even make a profit. While there are still some short sales necessary, and they are being completed in a shorter amount of time and often offer you money to move. I've been an expert in short sale negotiation for over ten years so please call me for a consultation and don’t assume that you’re in the red without a free professional market analysis.It also may make more financial sense for you to move and rent out your home than it does to sell it. Only an expert valuation of your homes selling and renting potential can help you decide the best option. We also have over 20 years of professional experience in Property Management, if you decide to rent out your home.
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 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!
Prospective Homeowners and Investors
High demand from former, foreclosed homeowners, needing to rent now and preferably in our area, coupled with a lack of quality rentals, have made the rental market stronger than ever. Rents continued to rise through 2014 and the number of people either needing or wanting to rent, instead of buy, continues to be quite high.
Are you “upside-down”? It may make more financial sense for you to move and rent out your home than it does to sell it. Only an expert valuation of your homes selling and renting potential can help you decide the best option. Yes, I can provide that!
Contemplating your realty management options? Professional property management of select single family homes in Southeast Michigan is available. Connect today at tmirealty.mobi to learn more.
Hi. I'm Tricia Raymond, one of the most experienced REO / foreclosure specialists in Southeast Michigan. Take advantage of my experience along with the opportunity of purchasing a home in the current Metro Detroit-area economic climate! I continue to remain on the cutting-edge of short sale rules and negotiations regarding programs such as HAFA (Home Affordable Foreclosure Alternatives).
Foreclosures and short sales are different and have a lot of their own processes uncommon to traditional real estate transactions that many agents are unaware of or just don't want to deal with. I first bought a short sale myself in 2002 years before most agents in town even knew what one was. Knowing how to handle these transactions properly only comes with experience. I've helped my clients -- both investors and homeowners -- purchase hundreds of foreclosures since 2004. I have the respect of my fellow specialist brokers, because I bring them genuinely qualified buyers.
Let me help you find the right home, whether it's owned by a bank, the government or a private party. You'll be glad to have me working through all the important issues for you. Call 248-229-8859, or email me.
Don't forget to check out my free Housing Trends eNewsletter for timely info:
" 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"
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If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed.