One of my favorite responsibilities as a Realtor is working with first time buyers. While I enjoy all aspects of being a Realtor, I find uniqueness in the vulnerability of someone buying their first home and trusting me to guide them through it. Right now I am working with several first time bu
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03/29/2009
The newest version of the first time homebuyer credit ($8,000) applies to anyone who purchases a home on or after January 1, 2009 through December 1, 2009. Anyone who purchased a home last year is eligible for the previous credit of $7,500. However, unlike this earlier version, the current $8,0
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03/29/2009
About a year and a half ago, I attended a day long seminar on foreclosures. Short sales happened to be a secondary topic. Led by an asset management company who listed foreclosures, they recommended it would be a good idea to do short sales. That was the first I had heard of them so I kept inc
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03/23/2009
The AIG fiasco has been the focus of much opinion and emotional conversation. My nephew posted a thought about it on his Facebook page and I made a quick uninformed comment. My niece (his sister) responded with a lot of interesting points about what is really going on. Shortly after, I read AI
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03/22/2009
I have represented sellers in short sales and my basic conversation with buyers about short sales is "just know it will most likely take a long time to close and Be Patient!" After representing a first time buyer who was getting married last August, I learned a few more things to say and how to
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03/22/2009
What is a Short Sale? The very basic definition is when a home is selling "short" what is owed to the lender. Another significant piece is that the lender has to be willing to take less. This means that s seller has to prove to the lender that they are incapable of making the payments and are a
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03/22/2009
There are over 9000 HUD homes for sale in Michigan and 3800+ in the tri-county area of Oakland, Wayne and Macomb counties. These figures and more were discussed by a representative from Michaelson, Connor, & Boul, Inc. (MCB) at a recent HUD seminar held at Realcomp II in Farmington Hills. Facil
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03/19/2009
The following is a monthly market analysis for Northville & Northville Twp., Michigan. It compares only residential homes sold in Feb. 2009 with Jan. 2009 to determine the # of homes sold for the month and the increase/decrease in average sold price. It also distinguishes how many homes were re
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03/18/2009
In life we make a lot of decisions but how often do we powerfully choose who to be in any given moment - or choose what life if giving us without wishing for something else? I recently watched the movie "Happy Go Lucky". I watch a lot of movies and Sally Hawkins was nominated for an Academy Awa
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03/15/2009
The following is a monthly market analysis for Berkley Michigan. It compares only residential homes sold in Feb. 2009 with Jan. 2009 to determine the # of homes sold for the month and the increase/decrease in average sold price. It also distinguishes how many homes were recorded to be Bank Owne
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03/15/2009
