Metro Detroit Real Estate Blog : Michigan Real Estate News - Blog Archive: May, 2012

Metro Detroit real estate blog with news, statistics, pricing comparables, mortgage rates, and market updates, brought to you by one of the top real estate agents in the entire country MARK Z. Real Estate Team selling over 250 homes a year.

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May 2012

There are 6 blog entries for May 2012.

Metro-Detroit Real Estate – Picking the Right time to Invest in Real Estate

Friday, May 25th, 2012 at 2:00pm. 716 Views, 0 Comments.

metro_detroit_real_estate_bidding_wars_357The Wall Street Journal wants to tell us that the housing market has bottomed out, so it’s only up from here.  Funny thing is, the media has been selling people on that for the last 4 years.  What’s changing now?  As it turns out, home buyers are starting to get into bid wars as housing values drop on Metro-Detroit real estate as well as other areas around the country.

That means bidding wars are back on homes.

Aggression and competition among buyers is climbing as people lock onto favored homes and Metro-Detroit real estate that they don’t want to let go of.  Unlike all the bidding wars we saw years ago that really were just a reflection of an increased interest in Metro-Detroit real estate and a surge in nationwide sales, these bidding wars are

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New Property Search App Available For Smart Phones

Wednesday, May 23rd, 2012 at 7:31am. 475 Views, 0 Comments.

mobile-application-metro-detroit-property-search-mark-zThe rumors are true, we just released today our very own MARK Z. property search application and it's FREE! Currently it is only available on IPhones through Itunes, however within the next two weeks it should be available on the Android Market. Here are some of the cool features you will be able to experience when you are on the go but still have real estate on your mind:

  • You can search the entire MLS
  • See properties for sale near your current location
  • GPS Locate your current location and see properties for sale in your area
  • View videos of our latest reviews from past clients
  • View our blog posts updating the current market conditions and buyer/seller tips
  • Connect directly to an agent
  • Send us an instant message
  • Connect with us

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Get the Most Money when you Sell a Home – Start with Home Staging

Friday, May 18th, 2012 at 3:47pm. 1,916 Views, 0 Comments.

Can Staging Really Increase the Value of a Home?

If there were ways to increase the selling price on your home, you’d more than likely jump at the chance.  Home staging is home-staging_431just one of the many ways to command more money when selling a home in Metro-Detroit.

Home staging isn’t difficult to do, and many homeowners already do this to some degree but there are home staging services that let you do a lot more.  Imagine if you could add $2,000 to the sale of a home just be deep cleaning and decluttering.  A recent study from homegain.com showed that a little over $200 invested in such tasks could multiply that investment by 10.

Home staging is important because no matter what kind of décor you have or the style of the home, nothing looks good when it’s

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First Time Home Buyer Tips – Saving Money with a Home Inspection

Friday, May 11th, 2012 at 2:54pm. 782 Views, 0 Comments.

Avoid the Money Pit while Buying Real Estate in Oakland, Wayne and Washtenaw County

Everyone has their dream home in mind.  It’s that perfect home design with all the right amenities that is nothinghome_inspection_homes_for_sale_northville_300_01 short of “utopia”.  It’s the perfect home.  When you actually see what looks like your dream home with an a price that cannot be beat then you’re sold in a heart-beat, ready to dump your life savings into it to finally settle down.

But rushing into buying your first home in Michigan can be a mistake, especially if you get blinded by your dreams and hopes of the perfect home.  The best way to avoid getting burned and losing money on a bad investment is to have an objective pair of eyes review the property lest your dream home transform into a real

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Principal Residence Exemption In Michigan Enhancement Legislation Signed by the Governor

Thursday, May 10th, 2012 at 12:11pm. 1,637 Views, 2 Comments.

Principal Residential Exemption MichiganOn May 1st 2012, Governor Snyder signed legislation providing homebuyers a fair process when it comes to their property taxes.   Senate Bill 349, sponsored by Senator Dave Hildenbrand (R-Lowell) creates two Principal Residence Exemption (PRE) filing dates; one on June 1st, and the other on November 1st. Previously there was one date, May 1st of every year and if you bought a home that was non-homesteaded AFTER May 1st, then you were stuck paying the non-homestead rate until the following year. So now there are two times during the year in which you can file, June 1st and November 1st.
Additionally, this legislation allows bank-owned properties to retain their PRE so that buyers can qualify at the lower rate of taxation. This is particularly…

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Northville Real Estate – Tips for Buying a Home in Northville

Friday, May 4th, 2012 at 12:10pm. 649 Views, 0 Comments.

Making Northville Your New Home

northville_mi_480Of all the cities within Wayne County, Northville boasts the highest property values and has more luxury homes than any other community.  For those looking for their dream home, buying a home in Northville may be the ideal choice – especially if you’re looking for brick-paved streets and well-preserved Victorian era architecture.

There couldn’t be a better time to be in the market for Northville real estate considering the signs of increased sale activity along with interest rates hovering at historic lows.  That makes buying Northville real estate so much more affordable for the average family.

The real issue however is making a decision; Northville offers a wide range of choices in homes and lifestyles across

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