Home Buying in Utica>Question Details

Liz, Home Owner in Sterling Heights, MI

Good Agent (Foreclosure Experience) in Macomb County, MI?

Asked by Liz, Sterling Heights, MI Tue Aug 19, 2008

First time buyer, looking to purchase a home in the coming months - preferably by the end of the year. Need a referral to an agent who has access to foreclosure listings and experience working with REO homes. I am pre-approved for up to 140K with funds for down payment. Interested in Macomb County. I've been looking in Sterling Heights, Shelby, Macomb, Chesterfield and Clinton Twp so far. Thanks.

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Thank You Bob & Gary....Liz I ran the MLS and there are 248 properties in those areas from $50,000 - $140,000. Just let us know exactly what you're looking for and we'll help you sift thru them.
0 votes Thank Flag Link Wed Aug 20, 2008
I would agree, Ed and Cindy have a good online reputation.
0 votes Thank Flag Link Wed Aug 20, 2008
liz........i know ed knight....call him..(them)...he will take great care of you.......bob mcclure......
0 votes Thank Flag Link Tue Aug 19, 2008
Hi Liz congrats on saving a down payment. As said all of us have access to the same information. You need to find an agent You are comfortable with. Someone that not only knows the area but works full time and is available to meet your schedule. Above all someone that listens otherwise you will be looking at tons and tons of homes that do not meet your needs.

Ed and I have sold tons of foreclosures this year and many were actually in pretty good shape just a little carpet and paint. Many 1st time buyers, even some from Trulia. Yes, it is true many are in bad shape but we will work with you very closely to help you identify the one right for you in terms of work and value. As mentioned there are also many private sellers that need to sell that may be priced well, especially now with winter coming.

Visit our site below and go to our Advanced Search (right side) where you can receive access to the same info we use and search like an agent. Receive daily updates and view homes by your criteria, even just bank owned. Or view by address, MLS#, school, subdivision, zip ect. Look forward to hearing from you Liz.
0 votes Thank Flag Link Tue Aug 19, 2008
Hi Liz,
I am experienced with bank owned home sales, but like Chris said don't just limit it to bank owned homes. Feel free to send me an e-mail or call if you would like further assistance or have any questions. Good luck
0 votes Thank Flag Link Tue Aug 19, 2008
Hi Liz. I am available to assist you with your purchase and would be willing to gve you all the knowledge I have regarding foreclosures. Since they do get listed with a Brokerage, all agents have equal access. What I must ask though is what your strategy is. Does the home you buy HAVE to be a foreclosure? If so, why? Are you looking for a good deal, an equitable purchase? If so, it does NOT have to be a foreclosure, despite what the media has portrayed. Many buyers say "I'm in the market for a foreclosure" and have that mentality because they think it is the best deal in town-not always the case. Don't fall into that. I have sold many properties at better deals than some of the foreclosures. Unfortunately, many of the bank owned properties in our area have been poorly maintained and need tons of money to compare to the next door neighbors house. I know of a situation where the lender would not permit the first-time buyer to purchase a bank-owned property without a minimum of 10% down and confirmation that they had reserves to pay for the updates needed....the fear is that they'd be in over their head because of all the repairs/updates needed and it would again be a foreclosure. I hope this helps! Feel free to ring me when you are ready to start the hunt.
Web Reference: http://www.chrisklebba.com
0 votes Thank Flag Link Tue Aug 19, 2008

I do not recommend a foreclosure for first time home buyers unless you or someone in your family has construction knowledge and is willing to make required repairs within the cities time frame.

There are many short sales available, these will include phrases like "subject to 3rd party approval" you can look for these on Trulia or http://moveinmichigan.com the public version of the MLS.
Web Reference: http://activerain.com
0 votes Thank Flag Link Tue Aug 19, 2008
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