Northville, MI Real Estate News

By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Are you thinking of buying Northville real estate because you are relocating from out of state?  Or just moving within Michigan, here are some great reasons to buy a Northville home. Northville schools ..... Great school system.  With a recently built new high school Northville public schools rank among Michigans best school systems. Northville crime rate .....   Northville has a low crime rate.  You can safely walk down the street any time of the day or night.  The likely hood of you getting mugged walking around is almost non existant.  Like any metro area you still need to take pre-cautions.  You still need to lock your car and lock your doors.  There are always random crimes even in nice cities like Northville.  But I would rank Northville as very safe city Close to expressways.  No...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Why you do you need earnest money when buying a Metro Detroit home? Earnest money is the deposit you make on the home when you submit your offer.  Earnest money is deposited to show good faith and that you are serious about buying the house.  The more you put down as earnest money the more serious it shows you are.  The normal is $500- $5000 or 1 - 3% of the purchase price.You want to put down the minimum amount yet show good faith.  Ask your Realtor what you should put down, they will give you an idea.  In Michigan the earnest money is deposited and held in the buyer's real estate company's escrow account once the offer is accepted.  So be ready to have your earnest money check cashed once the offer is accepted. After the offer is accepted the earnest money cannot be returned until a m...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Northville Michigan Market Analysis July 2009 July 09 median sale prices & # of homes sold remained relatively the same from June 09.  Privately owned homes increased 16% in July 09 and Bank owned homes median price decreased 53% in July 09 from June 09. # of bank owned homes increased 22% in July 09 from June 09.  Median price is because a couple higher end bank owned homes sold and does not necessarily reflect a drastic decrease in price July 09 median sale price decreased 24% from July 08 & 8% increase in # homes sold.   Year ending July 2008 median sale price compared to yr ending July 09 decreased 11% & a 5% increase in # of home sold. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds July 2009 284 listings:   37 Sold listings:...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Looking for something other than just dinner then check out one of Northville restaurants  Genitti's Hole in the wall.  Genitti'sis a dinner theatre and restaurant combination.  Upscale Italian it's not but it is a great time for a group of friends, or family.  It is solid down home good Italian food.                                                  The Genitti's family has been in Northville since 1971.  They originally started out as a meat and grocery store. Then in late 1979, expanded their store into a restaurant.  A hole was knocked out of the market's side giving birth to Genitti's-Hole-In-The-Wall. Over the next five years Genittis Hole in the Wall was expanded twice. Now there is the bar area/store.  The big dining room and then the dinner theater.  Genitti's is one of Northvil...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
 If you are looking for a good Northville restaurant Tirami Su is a good Italian restaurant.  Owned by Guiseppe D'Anna has three Italian restaurants in Oakland County.  It is upscale Italian dining without the high price.                      Joe's recipes are made from scratch and his reasonable prices bring the customers in and keep them coming back.  Huge selection of wine. Fresh food ,everything is made to order.  There are 16 individual pizzas, baked in a stone wood-fired oven, and with prices hovering around $6 are quite the deal.  Table clothes and the fireplace add to the ambience.                                                                            Tiramu Su has a loyal following for a menu full of beloved Italian-American dishes from spaghetti carbonara and linguine with...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
 Pooles Tavern Northville Michigan is a great little tavern to have a beer and a burger.  My wife Marianne loves going there just for the popcorn.  They will bring you out a big bowl of popcorn.  Pooles is a great place to meet friends or to watch the Wings play. It's not a big place so be prepared to wait at peak hours and on Friday and Saturday night for a table.  The wait staff is nice and helps you get seated quickly.  If you are looking for a gourmet type of place .... Pooles Tavern isn't it.   But it's clean and cheery.  Not like some dark dingy bars.   Northville outdoor restaurant / Northville outdoor seating and eating. Pooles has a great outside seating area so you can relax in the outdoors and have a great burger.  There is lots of public parking on the street or in the big l...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
If you are relocating to Michigan, Downtown Northville real estate may be a place to check out.  Downtown Northville is an old tyme downtown with historic Victorian homes around the city center.  Of course over the years some of them have been rebuilt.  Some have even been torn down and big beautiful modern homes have been built.                                                                                     So there is a mixture of different styles of homes. Here are the home characteristics of Downtown Northville Michigan real estate: The homes were built during the years of 1860 -2007. Square footage of the homes range from 700 - 6600 square ft.The homes are mostly Victorian, bungalow, Colonial, ranch, and Cape Cod style.   Most of the homes have vinyl, wood, brick/vinyl, brick e...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Getting a good Metro Detroit home inspector is what every home buyer wants.  I recently read an article on line and they wrote about a home inspector that had a license plate that said "deal Kllr" or "deal killer". As a real estate agent of course I would not want to hire a bozo like that.  I have clients that have put in an offer on a house.  They want to buy a house.  So why would they want to hire somebody that will kill the house deal.  That would be like marrying the woman that has the bumper sticker "bitch on board" or marrying the guy that has the bumper sticker "red neck chauvinistic pig on board".  You just don't open yourself up to those kind of problems.  It just isn't worth it. When you hire a Metro Detroit home inspector you want them to find all the issues and potential is...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
 Northville is a great place to live if you are moving to the Metro Detroit suburbs.  It is a beautiful area with rolling hills and a few small lakes/ponds.  Northville MI has an olde town downtown with beautiful old Victorian homes, good restaurants, and unique shops.  Northville has homes that range from a $100,000 to over a million dollars.  You should be able to find a home in whatever price range you are in.  You can find almost any style of house whether it is ranch homes, colonials, Victorian homes, or even split level homes. Here is what is happening in the Northville real estate market.  Currently there are 269 Northville single family homes for sale.  Out of those 269 homes only 8 are Northville foreclosures.  Not many foreclosures right now.  There are 149 Northville Condos f...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
When negotiating, there are four goals that I as your Metro Detroit real agent have on my mind: 1.)  To get the best price possible for you. 2.)  Get the most favorable terms and conditions to protect my buyer.3.)  To minimize risk and exposure my home buyer.4.)  To get the home and close the sale. Those is what I try to accomplish on every home negotiation.  Prior to negotiating, keep in mind that price is determined one of four ways: ***Comparable sales. Reviewing recent sales of comparable properties (within last six monthes), how long they took to sell, and comparing the area's selling price to list price will give you a good sense of relative market value. This is one of the more important valuation techniques used by appraisers and real estate agents.  However it is not unusual to...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Oh how I hate metro Detroit short sales.  I will never understand banks that control the process.  One of the foreclosures agents in my office just got a listing.  It was a short sale right before it became a Northville foreclosure.  They had a short sale offer at $230,000 but they never got it closed.  The bank's REO department set a price of $205,000 and the house got 2 offers within 2 days. So now the poor Metro Detroit short sale buyers that have been waiting for 3 months are out of luck.  Their agent "kinda failed" by not reacting and putting an offer in on  the foreclosure.  Maybe they didn't notice that it went to foreclosure.   They could have gotten the house they wanted for $25,000 cheaper. Sadly both the bank and the short sale lost out.  But honestly I don't care about the b...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here are 12 potential Michigan home re-sale problems: 1. Lack of Yard If a home has much less yard area than others in the neighborhood, buyers tend to eliminate this choice. A steep slope may make the grounds difficult to use and maintain. Yards that have been terraced or landscaped may be exceptions. Compare your property to the yards offered by competing homes.  We have a subdivision in Canton Michigan called Cherry Hill Village there are very small yards which I feel is a detriment for many home buyers. 2. High Tension Wires & cell towersThe general reaction by buyers to high tension wires crossing near the lot is to simply eliminate the choice.  Not many people like buying homes looking out to towers.  It reduces the number of home buyers and your home will sit on the market longer...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Yesterday I got a comment on a blog I wrote overa year ago.  I don't know whether to laugh at this commenter or feel really sorry for him.  He was very critical of the whole blog post and he wanted to correct the "inaccuracies" of my blog.  It was about a particular Northville subdivision.  When I write about a subdivision I get most of my information about the sub from first hand knowledge or directly from our MLS and public records.                    My commenter wanted to argue about the square footage of the homes in the Northville subdivision but I know for a fact that I was right because the square footage of the home that I quoted was right off a listing ticket and I double checked on public records. But the part I had to laugh or feel bad for him was that he said the certain ho...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
If you are in any type of distressed home seller situation in the Livonia or Northville Michigan area this post is for you. Regardless of the reasons that we use to explain the current mortgage situation, the reality is we are faced with more homeowners in financial distress than anytime in recent memory.  If you or anyone you know is in a situation where they need to sell or will be selling in the near future and may owe more on their mortgage than their home is worth have them contact us right away.  The quicker they contact us the better chance we can help them. We are now Certified Distressed Property Experts with the necessary information needed to help in a variety of distressed situations in Livonia and Northville Michigan.  Many of you by now have heard about the process of a sh...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
A quick peak at Northville real estate and city data                                                          Northville Township population is a little over 21,000 people and an area of 16.6 square miles . The City of Northville population is smaller with about 6,500 people and an area of 2.2 square miles. Here are the top ten taxpayers in Northville MI Northville Driving Club Harness Racing Buckhave Investment LLC Office & Retail Singh Development Corp. Apts, Office, Retail Detroit Edison Co. Utility 120 W. Main LLC Office & Retail Singh II Limited Partnership Office & Retail Northville Green Partner, LLC Apts. To Condo Redevelopment Hiller & Lutey Inc. Office & Grocery Prose, Dr. Thomas M. & Marie Residential 180 East Main LLC Office & Retail Here are some other articles about Northv...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Northville Real Estate Here are all the Northville foreclosures that have sold in the last 90 days.  Northville and Northville Twp do not have a lot of foreclosures in the last few months.  In fact there have only been 10 Northville foreclosed homes that have sold in the last 90 days.  If you look at the recent Northville foreclosure sold prices and list prices you will notice that many of them have sold within 10% of list price.  The price per square foot has been as low as $57 a square foot to as high as $135 a square foot.  ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT   17065 HIGHLAND LN 339900 311001 68 110.284 2820 2002   620 N CENTER ST 369900 325000 77 79.1331 4107 1888   17581 E NORTHVILLE TRL 303900 282500 78 98.1243 2879 1992   48303 BINGHAMPTON DR 4...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Why do you think it will sell now?  I know of a couple who have been trying to sell their Northville real estate for 2 years.  Do you think they would learn by now what they need to do? But no they haven't learned.   They started out $30,000 over priced.  Now they are getting closer.  But they are still overpriced.  I have seen them at parties about every six months, and they always ask me my opinion.  I love it.  They are usually half looped.  Their jaws usually drop when I tell them what their house now worth.  They ask my opinion and then they don't do anything.  Then about 2 or 3 months later they drop the price.  But they are "always chasing the Northville real estate market down". If they would have priced their Northville home right 2 years ago they would have $50,000 more for th...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Metro Detroit Victorian homes Michigan A few months back I wrote about Wayne County Victorian Homes and today I got a email from a lady requesting listings for Metro Detroit Victorian homes built before 1900.  We are going out Thursday to see different Victorian Homes for sale.  So I urge all of you to write about your local area.  Even use the styles of homes to help enhance your position.    I have written about Oakland County Victorian Homes and Livingston County Victorian homes on outside blogs.   I have ranked no#1 on Google for Wayne County and Livingston County.  I write extensively about Oakland County lake homes and Oakland County Lakefront properties.  Sometimes it is hard to crack #1 spot on google for your local area.  I have a hard time being number one for Livonia real est...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Northville MI Photos Here's a little pictorial of Northville in Wayne County MI.  If you are thinking of relocating to Michigan and thinking of buying Northville real estate come explore from the seat of your computer.       The clock tower across the Marquis Theater                                                     looking North on Main Street                                                                    Northville is all American old tyme downtown.  They still have free music for it residents.                                               Need to eat or have a drink.  There are lots of different restaurants in downtown Northville there are 3 different Italian restaurants, A Mongolian barbecue, a Japanese Sushi restaurants, a high end American restaurant, 3 beer and burger place...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I have been taking a young couple out looking at houses in Northville for a couple of weeks.  We were putting offers in but we lost a couple of them because there were multiple bids.  There seemed to be quite a bit of action on Northville foreclosures and Canton foreclosures lately.  But we finally won one. That's when the problems started.  We got the water turned back on only to find out that the home had not been winterized correctly.  There were all sorts of leaks in the plumbing system because the pipes froze.                                             So I called the listing agent and sent over an addendum requesting the pipes be fixed before we do the inspection.   You can't get a FHA loanif the water isn't turned on.  Well it seems there was a little mix up between the asset ma...
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Northville, MI Real Estate Professionals