Sam Bugeja

"Buyer Specialist"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Coldwell Banker Preferred
  • Location:
  • Phone:
  • (734) 416-8827
Sam Bugeja,  in 48170
  • 5 Answers
  • 1 First Answer
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About Me
Experienced Buyers agent. Specializing in Bank Owned Properties.
My Q&A View all >>
Sam Bugeja's Questions (0)
Sam Bugeja's Answers (5)

What is SEV in reference to homes?

Sam Bugeja answered:
SEV refers to the State Equalized Value. The SEV should reflect half of the homes Fair Market Value.
Many homes are listed well below the "SEV Fair market price". The phrase you see is simply a marketing phrase to help you appreciate the value of the sale price. The most important statistic regarding the SEV is to compare the "assessed value ratio" that homes in the area are selling for.
Sam Bugeja - Sun Jul 13 2008, 09:39
Sam Bugeja answered:
I would suggest having your agent contact the bank. The commission is negotiable with them. In a similiar scenario, I was able to get the bank to pay 4%. The bank wants the deal to get done as much as you and the buyer do. - Sat Jun 7 2008, 06:12
Sam Bugeja answered:
Noah,
This property was listed on 3/7/08 for 419,900. Now listed at 399,900.
It is bank owned. Sheriffs sale was 08/16/2007.
Some banks respond quickly...others much slower.
If your interested in this property, I would be happy to assist you. I can be reached at 734-837-1101.
Thanks,
Sam - Fri May 30 2008, 09:52
Sam Bugeja answered:
Danielle,
There are currently 454 listings in the MLS for Dearborn Heights. Many of them are Bank owned.
The agent that is selling the most is most likely listing bank owned properties. You want to get an agent that can help you obtain maximum value for your home (not necessarily the one that sells the most).
Give me a call if I could be of assistance. 734-837-1101
Thanks,
Sam - Fri May 23 2008, 09:34
Sam Bugeja answered:
Laura,
Value will peak on homes unless the owners continuosly update the home. In Plymouth, the market peaked in 2005 leaving many of the homes on the market today at bargain prices. - Thu May 8 2008, 07:36
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