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 in our area, coupled with a lack of quality rentals, have made the rental market stronger than ever. Rents are at the highest level in many years and the number of people needing to rent continues to be very 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.
3588 S SHIMMONS CIR
Auburn Hills, MI 48326
3 beds/2 baths
25316 PINE VIEW AVE
Warren, MI 48091
3 beds/1 baths
Redford, MI 48240
2 beds/1 baths
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These preferred local businesses are available and happy to assist you with your real estate needs.