Vilma,  in California

Is the Detroit area ready to get back on it"s feet as a great market?

Asked by Vilma, California Tue Aug 26, 2008

Is the Detroit area ready to get back on it"s feet as a great market

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3
Pamela A. Ne…, Agent, Farmington Hills, MI
Thu Sep 4, 2008
It's A Great Time to invest in Detroit Area Real Estate!
Many Homes/Houses to choose from...and the Prices are Low!
Now is the time to Buy!
0 votes
NonRealtor, , 23456
Wed Sep 3, 2008
I don't think so
trulia shows 10,955 foreclosures http://www.trulia.com/for_sale/Detroit,MI/foreclosure_lt/
and 14,316 homes for sale http://www.trulia.com/for_sale/Detroit,MI/foreclosure_lt/

I read an article. You can buy a house for a dollar, but you have to pay $5000 to tear it down because it is not habitable. Good Luck Detroit
0 votes
Patricia Bar…, Agent, Plymouth, MI
Wed Sep 3, 2008
My crystal ball is cloudy, but really, there can be money made in any market. The key is to price it right! Buy low, fix it up and rent or resell it at a great price. Anything can sell in any market at any time if it is priced low. People are always looking for a good buy. But about the market as a whole? Again, I don't have a crystal ball so it would just be a guess. But I am praying for a turn around!
0 votes
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