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Home Selling in West Bloomfield : Real Estate Advice

  • All104
  • Local Info3
  • Home Buying21
  • Home Selling6
  • Market Conditions3

Activity 6
Derek Bauer, Real Estate Pro in South Lyon, MI
Sun Jun 20, 2010
Derek Bauer answered:
Good day, Basma.

In addition to having the same technologies listed below, and beyond, you will find that I'm the #1 ranked agent on Trulia for the West Bloomfield market. If you would like to speak with a marketing expert in the area, click the link below to submit additional information, and we can speak soon. Or, you can call my cell direct at 734.678.4745.

Thank you.
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0 votes 5 answers Share Flag
Cicely Brook…,  in Birmingham, MI
Fri Jun 4, 2010
Cicely Brookover answered:
ah it clears. Have a Realtor who knows Boston Edison give you advice as to value "as is" (burnt shell?) or with it fixed up.
1 vote 5 answers Share Flag
Howard Novet…,  in West Bloomfield, MI
Wed Aug 5, 2009
Howard Novetsky answered:
I live near your home and would be happy to meet with you either at the home or at my office. I can show you on the computer what homes are selling for in your area. I have been selling homes in West Bloomfield for over 20 years. I would of course, like to see the home. That way I could give you some ideas of how to maximize your return. Please feel free to check my credentials at www.novetsky.com
Thanks.
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0 votes 4 answers Share Flag
Dana Schuster, Real Estate Pro in Slidell, LA
Fri Feb 13, 2009
Dana Schuster answered:
I really think it depends on the location. open houses are a realy dead issue in my area. The local Sunday paper used to advertize about 50 every Sunday--last week there were 5. I have done all the right things & had nobody even show up except maybe some nosy neighbors. Yet,from reading the posts on Trulia,in some areas,buyers are begging for open houses.So,I think in some areas they are a valuable tool--here they are a total waste. ... more
0 votes 9 answers Share Flag
Cathy Blight, Real Estate Pro in Brighton, MI
Sun Aug 10, 2008
Cathy Blight answered:
Unfortunately since the 6 month redemption period on your home runs out on the 28th, I'm afraid you've waited too long to try and sell it before becomes an REO. (Real Estate Owned...the term the lenders use for properties that have gone completely back to them). And the bank cannot extend it even if they wanted to, it's a state statute.

Even if you had a cash offer today, at this point there just isn't enough time to finalize a short sale with the bank. Short sales take months to accomplish. I prefer to list short sales before they even go to sheriff's sale to insure we have enough time to get it done. The loss mitigation departments move very slowly, and of course the investor must ultimately approve the short sale. Your lender is often not the actual investor that owns the note. They're just servicing the note. (accepting your payments). It's usually another bank in the background you never knew about. And before any of that can even happen, you must have completed a hardship package and had it approved along with submitting an offer. And you can't submit an offer until it's listed on the MLS (to insure an arms length transaction). Then the lender will send out their appraiser to insure the offer is the best they can get before they will even consider it. This all takes time....lots of time. You're not the only file on one of the worker bee desks in the loss mitigation department, you are one of thousands.

Having said that, I did pull one off in 3 days, but that was beyond a miracle, and everyone already had their ducks in a row . Everything from the hardship package to the apprisal had been done and approved. The offer had been sitting at the bank for 5 months with a verbal acceptance. The loss mitigation department was just waiting for final acceptance from the investor. Once we got it, we closed 3 days later. And that was indeed a miracle.

For more information on how to do a short sale, go to my website; http://www.cathyblight.com and click on "What Is A Short Sale?" I'm sorry. I wish the news was better. I really do.
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0 votes 7 answers Share Flag
Fred Poehlman,  in Oakland County, MI
Mon Jul 2, 2007
Fred Poehlman answered:
Yes, it is still available as of 7/2/2007. You can use my web site to search the MLS yourself. You do not have to register or provide any information to use it. If you are currently working with an agent have them set up a showing for you, or you can contact me and I can set a showing up for you, or email you more information. This is not my listing, so I can be a buyer''s agent for you. . .I do not charge buyers any fees, not even the "compliance fee" found on many purchase agreements. ... more
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