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Birmingham, MI Real Estate News

By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham MI homes for sale are on the increase.  First-time homebuyers dominated the U.S. real estate market in 2009, accounting for roughly half of all residential homes for sale transactions, according to the National Association of REALTORS®.The trend for homes for sale is likely to continue well into the new year. That’s because interest rates are hovering near all-time lows, home-price affordability is near all-time highs and a third factor – Congress’ extension of the first-time homebuyer tax credit until April 30, 2010 – make conditions quite favorable for those considering homeownership for the first time. Still, with the prospect of making one of the largest investments you'll ever make in your life, you can easily become overwhelmed when searching homes for sale. Some of th...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
 Home for sale Birmingham Mi- Near Downtown alert!! Historic property originally built in 1886 has been 100% restored with the highest quality and craftsmanship available. Situated on beautiful 1/3 acre lot within minutes of walking distance to downtown Birmingham, of all homes for sale available, this is truly an original. You can search up and down and back and forth for homes for sale in any community, however when it comes down to it, there is no better address than Birmingham. 2 blocks from the world renowned Townsend Hotel, this home offers 6800 square feet of livability, with 4 huge bedroom, 5 fireplaces, and  1/2 baths. Cherry floors and detailed moldings accent this home, along with a custom built kitchen with granite, subzero appliances and central air. A wraparound porch is t...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham Mi Homes for sale alert!! Historic property originally built in 1886 has been 100% restored with the highest quality and craftsmanship available. Situated on beautiful 1/3 acre lot within minutes of walking distance to downtown Birmingham, of all homes for sale available, this is truly an original. You can search up and down and back and forth for homes for sale in any community, however when it comes down to it, there is no better address than Birmingham. 2 blocks from the world renowned Townsend Hotel, this property offers 6800 square feet of livability, with 4 huge bedroom, 5 fireplaces, and  1/2 baths. Cherry floors and detailed moldings accents this home, along with a custom built kitchen with granite, subzero appliances and central air. A wraparound porch is the perfect...
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The old saying is still true, “people to don’t plan to fail, they fail to plan. Short Sales are predictably un-predictable. What does that mean? You can always predict that something will go wrong, or will be missed, or overlooked. So, it is time to remember what was passed on from one Boy Scout to Boy Scout, “Be Prepared”. So basic and yet so wise! Be Prepared: 1. Order Pre-title. 2. Only take a short sale that you know you can close. 3. Be confident but not cocky. 4. Make sure the offer you accept is one that will make value. 5. Meet the BPO Agent 6. Educate the seller before you start the process. 7. Educate the buyer before you start the process. 8. Never make promises that you can’t keep. 9. Call the bank back the same day they called you, in fact always call everyone back. 10. Giv...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham Mi homes for sale - Birmingham Highland subdivision.  This beautiful home is situated on a oversized lush lot in western Birmingham.  This home for sale  has 4 bedrooms, 2.5 baths and nearly 2300 square feet of livability. Newly redecorated, accented by hardwood floors throughout. The kitchen is newer, you can enjoy the warmth of the natural fireplace in the family room, and look into your backyard through the french doors. Homes for sale in Birmingham are some of the most desirable in Michigan.  Regarded as one of the "top 20 walkable communities" in the country, Birmingham offers upscale living with many boutique shops, a variety of restaurants, and 2 movie theaters. Birmingham offers homes for sale in the range of $100,000 to $9,000,000.  What's your taste?  Regarded as a ...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Michigan Relocation Realtors- Birmingham Michigan.  Lynn Moss and Mark Wasserman of Prudential HWWB Realtors welcome everyone to 2010 as we turn the real estate market corner and anticipate  a rebound. If you are relocating to Michigan and are seeking help, the Moss-Wasserman Real Estate Team  is the preferred choice for professionalism, service and knowledge for your relocation to Michigan. Located in beautiful Birmingham Michigan, the Michigan relocation realtor team of Moss-Wasserman offers 33 years of combined real estate experience, and the background of assisting clients from around the country in their Michigan relocation experience. Before you even begin your relocation, you will receive information about any southeast Michigan community, whether it be school data, real estate i...
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By Robert Pliska
(Sperry Van Ness)
Attached is an analysis on how to evaluate Single Tenant NNN Opportunities
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Market Analysis & Statistics For Birmingham MI December 2009 December 09 median sale prices remained relatively the same from November 09 & a 13% decrease # of homes sold. Private owned homes median price increased 10% in Dec. 09 from Nov. 09.  Bank owned homes median price decreased 10% in Dec. 09 from November 09.  December 09 median sale price increased 11% from December 08. Yr ending Dec. 2009 median sale price compared to yr ending Dec. 08 decreased 14% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds December 2009 300 listings:   34 Sold listings:   Median List Price  $400,000 Median Sold Price  $263,550 Avg. DOM 201 Avg. DOM 123 Private Owned 283 listings Private Owned 27 Sold  Median List Price  $435,000 Median Sold Price ...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham Mi homes for sale- 2009 figures are in. The following are for residential single family homes only, and do not include for sale by owners, multi-family ,condominiums, or commercial sales.  The reporting data is from RealcompII. First of all we will look at all homes for sale that were foreclosures. In Birmingham for the calendar year 2009, 80 homes sold that were bank owned.  The price range was between $102,000 and $1,010,000.  The average sale price was $253,448 and the average list price $270,490.  63 days was the average market time. Next let's examine private homeowners.  Not in foreclosure, not bank owned and not a short sale. 218 homes were sold last year ranging from a low of $104,000 to a high of $3,600,000.  The average sale price was $440,759 and the average list p...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham Michigan home for sale in the Leinbach-Humphrey's subdivision.  Located near Lincoln and Woodward, this Birmingham home for sale is ready for you to move into.  Built in 2008, this offers... 4 bedrooms and 3.5 baths with a fabulous open floor plan that leaves all other Birmingham  homes for sale in the dust.   There are an abundance of windows throughout, and a grand gourmet kitchen with stainless steel appliances. The basement is finished and features a full bath With approximately 2200 square feet of livability, finding a home for sale in Birmingham with all of the extras is difficult to find. Birmingham Michigan is known as one of the top 20 walkable communities in the country.  With unique boutique shops, 2 theaters, plus a downtown district that rivals any other upscale ...
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Just closed my 21st short sale this year!!  Below is a letter from my client.  Dear Mike,I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the wh...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham MI homes for sale- Quarton Lake Estates subdivision is located north of Maple , south of Quarton, and in a good portion of the real estate between Coolidge and Woodward Ave. With about 3100 residents in approximately 1.2 square miles, there are many homes for sale to choose from in this popular subdivision in Birmingham Michigan. Two story homes are predominate , with square footage from 2,300 to 6,000, and some homes approaching 10,000 feet of living area.  The prices range from $495,000 to $7.9 million.  Quarton Lake Estates has homes for sale for any type of buyer. A few examples of homes for sale are this 2,900 square foot, 4 bedroom colonial.  Feat Featuring an inground pool, cabana, and hardwood floors. Its is offered at $529,000.   On the upper end of the real estate s...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
  Having dealt with  B of A on several short sales, and being totally unsuccessful on any.  I received an email todayabout the truth of short sales and B of A. My thanks to John H Grant for this information. If you have dealt with B of A, and you have found them slow to respond to you with short sales, or even taking the position "don't call us , we'll call you.  Here is the scoop. B of A is part of the FDIC's loss sharing program with lenders. The program works like this... Bank "X" goes under and is taken over by the FDIC.  Another bank, let's call them B of A, steps in to buy bank "x"s assets.  B of A pays 50% of the value of the assets and the FDIC covers the other 50%.  Now let's say that one of the loans in the asset package goes into default  This can be resolved by either someo...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Homes for sale in Birmingam Michigan,  Poppleton Park Subdivision which is one of the most desirable locations to live in Birmingham. With several homes for sale located north of Maple Rd. and west of Adams, this location close to downtown can be where you call home. The current homes for sale,  range is from $359,000 to $545,000, and offer living areas from 1700 to 2900 square feet. Almost every home will have some unique feature to offer. You will experience pride of ownership as well as well kept yards and mature landscaping. All homes for sale at this posting are owner occupied and not foreclosed. Birmingham Michigan is acknowledged as of of "the top 20 walkable communities" in the country and has a downtown area second to none.  Trendy boutique shopping, restaurants for any appeti...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
  Birmingham Michigan real estate.  The Willits condos are distincitve condos for sale situated a mid-rise building in the heart of downtown Birmingham with a 24 hour concierge, and all the luxury features that you would expect in a newer high-end condo. The Willits offers condos for sale ranging from 1694 to 2900 square feet, and prices from $400,000 to $1.6 million. Featuring condos with balconies, a private workout facility, elegant lobby, heated and secure parking with storage, the Willits of Birmingham, offers the convenience of luxury living , boutique shopping, dining and theaters all within walking distance in one of the countries "top 20 walkable communities" If your search  includes fine condo living, the Willits just may be the right choice for you. The Willits has very few ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Market Analysis For Birmingham MI November 2009 November 09 median sale prices decreased 7% from October 09 & a 28% increase # of homes sold. Private owned homes median price increased 2% in Nov. 09 from Oct. 09.  Bank owned homes median price increased 12% in Nov. 09 from October 09.  November 09 median sale price increased 15% from November 08. Yr ending Nov. 2009 median sale price compared to yr ending Nov. 08 decreased 16% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds November 2009 333 listings:   39 Sold listings:   Median List Price  $390,000 Median Sold Price  $265,000 Avg. DOM 193 Avg. DOM 141 Private Owned 304 listings Private Owned 26 Sold  Median List Price  $422,500 Median Sold Price  $302,500 Bank Owned 29 listings...
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There are millions of homeowners who owe more on their home than it's worth and don't know what to do. If you or someone you know is in this situation, I'm here to let you know that there are answers. However, there's also a lot of confusion in the market today. One myth I often hear is that one particular option-a Short Sale-is basically the same as foreclosure. The people who say this couldn't be more wrong! I want you to know the real facts, and to let you know that there are answers available. At WWW.ShortSaleOaklandCounty.com I've prepared a free report to illustrate the differences between a short sale and a foreclosure - so you can see the advantages for yourself! This report shows the consequences of both, and provides valuable information about your options. As a Certified Dist...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
  Birmingham Michigan Real Estate Sales Rise Overall numbers for homes sold and sales volume have increased compared to 2008 figures. As of October 30th 2009, ,the number of year to date sales in Birmingham increased by a whopping 65.2%. In addition, total sales have ballooned to 118% more than last years figures. A breakdown of these statistics show that all MLS sales in 2009 are at their highest levels since 2004, while October had the lowest on-market inventory (homes for sale) in any month since January 2006. Much of these figures can be attributed to the $8000 first-time buyer tax credit and extension as the lower property values have helped buyers by a home in Birmingham.Birmingham real estate is not only the recipient of good news. In Oakland County Michigan,real estate sales in...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
Birmingham Michigan home for sale-  Birmingham Villas Subdivision is a small sub south of Maple Rd, between Adams and Eton roads. With a population of about 600 , and having an area of slightly more than 1/10th of a mile, this is a close knit community with affordable homes for sale There is pride of ownership throughout with well kept yards and mature landscaping. Mostly ranch style homes, with square footage from  1000-1500,  the current prices range from $100,000 - $267,000, and colonial style homes have square footage in the  1500-2400 range and  prices of $200,000 to $360,000 The homes for sale in the Birmingham-Villas subdivision are within walking distancee to downtown  Birmingham Michigan and are predominantly owner occupied,  This featured home for sale is a darling brick ranch...
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By Mark Wasserman
(248-877-8548- Prudential HWWB Realtors of Birmingham MI)
              Birmingham Michigan home for sale is the premier site to get information on any home for sale in the Birmingham, Bloomfield area.  With access to every home available on the multiple listing service.  There is no longer any need to spend precious time and money driving around searching for every home for sale. Birmingham is in the top 20 of "most walkable communities" in the country.  With upscale living comes, unique shops, restaurants and entertainment. Located about 20 minutes north of Downtown Detroit, Birmingham is a lively town, with action and events year round. If you are considering a move to Birmingham, or the neighboring communites of Bloomfield Township, Bloomfield Hills, Franklin or Troy, it's important to be properly represented. The real estate industry has...
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