Macomb Living Now

  "It's a buyers Market" is the common theme in today's real estate world. And while fundamentally true (mortgage interest rates are low and prices are low), there is the underlying issue of listing inventory...or lack thereof.  Simply put, buyers do not have a lot of great listing inventory to c...

The home buying process is supposed to be fun. Exciting.  Something to be enjoyed.  In my experience most home buyers truly enjoy the experience of buying a new home.  It can, however, have it's ups and downs along the way.  Losing out on your dream home to a higher bid,  or having to back out on...

I was out of town over the weekend and ended up meeting a Realtor while at a coffee shop. We struck up conversation about our prospective businesses and I was surprised to learn that he has a highly successful listing business built on converting FSBO's into listings. I try on occasion to prospec...

Mortgage interest rates have been a hot topic in the news recently, as rates continue to decline.  This can impact buyers and sellers in a couple of different ways. The first for buyers is obvious. Lets assume as a buyer, based on your credit scores and debt-to-income ratio you qualify for a $600...

An article in this mornings Detroit News quantifies the looming "shadow inventory" of foreclosed homes in southeast Michigan that banks are carrying on their books. Nearly 44,000 properties in Wayne, Macomb, Oakland, Livingston, Lapeer and St.Clair counties are currently being held by banks after...

I was reading an article in the Detroit News over the weekend regarding incentives that some builders and real estate brokers were offering to home buyers in an effort to maintain the momentum in buying activity in the housing market.  One such incentive that really caught my attention was Coldwe...

Coldwell Banker is promoting this program as an extension of the home buyer tax credits by getting a seller to offer a "credit" of 3% of the purchase price back to the buyer at closing. How is this any different than seller concessions and credits that buyers agents have always negotiated for on ...

By and large, buyers start there search for a new home online.  Most statistics have the number pegged in excess of 90% of buyers.  So in effect, when you have a home listed for sale, your first showing takes place without you even knowing it...online. If your home shows well online it will lead ...

Came across a listing today where the agent remarks says "No Split Closings". Is this a violation of RESPA to prohibit the buyer from having their own title company hands the buyer side?

If you're currently renting make sure you understand your rights under the 2009 Protecting Tenants at Foreclosure Act. In the event your landlord loses the property to foreclosure you do have some rights and it's important to know what they are. Foreclosure right often unknown to Michigan renters...