Livonia, MI Real Estate News

By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  As anyone looking for a home in Michigan can tell you "Where did all of the Livonia, Northville and Novi Michigan Home Foreclosure for sale go"?  According to many statistical reports there should be more on the market than ever!!  Here is what we are experiencing personally in real estate sales and I'm sure so are many others.  Below is a statistic I got from a USA Today article.     State Total properties w/ filings Change from 2008 California 632,573 20.8% Florida 516,711 34.1% Arizona 163,210 39.6% Illinois 131,132 31.8% Michigan 118,302 11.5% Nevada 112,097 44.3%   As we notice Michigan according to this has 11.5% more foreclosure filings at the end of 2009 than we had at the end of 2008.  Well one thing that is reducing the number hitting the market is the government's "trial mo...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Metro Detroit home buyers always wonder who sets the price of a short sale.  Usually the real estate agent sets the price because the home owner doesn't care.  The  homeowner doesn't care.  The homeowner is trying to get a free walk from their mortgage.  All the homeowner cares is get it sold. So usually the real estate agent prices the house at the low end of the market price.  The reason the agent does that is because Metro Detroit home buyers and buyer agents would rather buy a foreclosure or a regular sale than a short sale.  So in order to entice home buyer they price the short sale very reasonable. Banks usually don't get involved in the pricing of the home until they get an offer. That is how short sales are priced.    More Livonia and Wayne County home buyer tips        Metro De...
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By Jerry Gardner
(Remerica Hometown One)
Last night The Alabama Crimson Tide became the champions of college football. They deserved to win. they played better than Texas so win they did. Living in Michigan I am familiar with Coach Nick Saban, who used to coach Michigan State. I new he was a good coach. he had success here in Michigan, success at LSU and now at Alabama. I also new he preached a certain philosophy: It's not the result, it's the process! We in Real Estate could use that lesson. So often we focus on our goals but not on the process to achieve those goals. When sales figures don't come in as high as we'd like we cry and wail and moan and do everything but trust what we know will work. Saban trusted what he know would work. In fact, ESPN called him a "grinder". When they lost the SEC title to Florida in '08, Saban ...
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By Jerry Gardner
(Remerica Hometown One)
More than likely the only thing you've heard about Detroit in the last few days is that someone tried to blow up a plane over the city. Oh, and maybe about our winning sports teams. The Lions won so much that they took themselves out of the chance to draft Ndamukong Su. They have to settle for the second pick in the draft. But I digress. Ahhem! The Detroit area really does have some thing to smile about. Our inventory is lower than it's been for a long time. What? You're not sure how that's good news? O.k., let's go over it one more time. If you consider a 'normal' market to be somewhere in the area of 5-7 months of inventory, that would make anything above that a buyers market. More homes on the market, more choices, more waiting for the next house to come up, lower prices. Conversely ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here is the latest Livonia real estate, Plymouth, and Northville real estate update.  Right now the Detroit area home market is tightening up.  Homes are not sitting on the market very long unless they are:            ~ Overpriced            ~ In Poor condition            ~ Have a bad location Basically you can overcome a homes poor condition or the bad location if you lower the price enough.  So if a piece of Livonia real estate hasn't been updated, or is on a busy road.... it will sell if the price comes down.  Eventually a home buyer will think it is a good value for the price, that's when it will sell.  So no matter what the condition or the location it will sell! I know a lot of people don't like President Obama's spending programs, but first time home buyer homebuyer tax credit ha...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  Well we are at the end of 2009 and we are seemingly in a shortage of Livonia Michigan Homes and Houses for sale!!!!!  We actually have demand for the houses and can't find the inventory to sell the potential new home buyers, I know it's hard to believe.  We are very excited about the fact that many are now looking to buy a home but are left here scratching our heads wondering are we in a market turnaround???  Many say not just yet but if you are one of the many looking for a house for sale in our area you may beg to differ.   If you or anyone else you know may be looking to buy or sell real estate in the Area's of Livonia, Northville, Novi, Plymouth, Westland or Farmington Hills Michigan please feel free to contact us anytime at info@BobandTeena.com For more information on us visit ww...
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By John and Lisa Marker
(RE/MAX Dream Properties)
Home Insurance - Where to Start? Picking the right insurer for your home can be a daunting task especially if you're a new home buyer with no prior experience. There are so many providers out there with such a vast range of insurance packages, it's difficult to tell which is the right plan just for you. Fortunately the internet makes home insurance shopping much easier especially with sites like InsWeb for the US and Money for UK residents. InsWeb provides a free database which offers quotes from up to 8 insurers and the UK Money site provides up to 20. They are basically search engine comparison sites so you can access quotes from one location without having to hop from one insurance site to another. There's also an article on the CNN site under the money section which I recommend rea...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here is the latest Livonia real estate update:  currently there are 18 Livonia homes for sale (single family) under $50,000 and 19 Livonia condos priced under $50,000.  14 of them are short sales, 7 of them are Livonia foreclosures, and  are relocation sales.  The single family homes are selling quicker than the condos only because many of the condos are short sales. ***Short sales are where the homeowner is trying to sell the home or condo for less than what is owed on the mortgage.  The bank has to agree with it.  A short sale can take anywhere from 45 days to 6 months to complete.  The average time is 4 months.  Sometimes the bank does not agree to the short sale.  So you can put in an offer on a short sale and after 4 months they can say no.                        I look at homes or...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  Who do you know looking for a Livonia Michigan home for sale or a great home search tool?  Look no further we offer full time Livonia real estate agents who do nothing but specialize in finding you the right home for sale.  Buyers agent Angie on the Busy Bee team has been in real estate for over 11 years and has loads of training.  She meets with the team once a week to keep up on what everyone is experiencing in the local Michigan real estate market.   For more information on Livonia homes for sale and what a buyers agent does feel free to visit www.BobandTeean.com and click on the full time buyers agent link in the middle of the page. 
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By Jerry Gardner
(Remerica Hometown One)
Hey everyone, I came across this article that Pat Curry wrote for HouseLogic. I thought it would be good to pass it on to clients. Feel free to use it as Houselogic allows Realtors to repost their content. Have a safe and Merry Christmas Holiday Fire Safety Tips Article From HouseLogic.com   By: Pat CurryPublished: November 18, 2009   The holiday season is one of the most dangerous times of the year for household fires, so take note of these tips to reduce your risk.   Residential fires during the holiday season are more frequent, more costly, and more deadly than at any other time of the year. The U.S. Fire Administration (USFA) reports more than double the number of open-flame fires on Christmas Day than on an average day, and about twice as many on New Year's Day. And when those fire...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  If you are considering moving to the Livonia Michigan Franklin High School District this will give you a generalization of the schools boundaries.  Livonia Franklin is located on Joy Rd in between Middlebelt and Merriman rd.  This high school is one of three located within the Livonia Public School District.   On the East border we will have Inkster Rd going all the way South to Warren Rd (yep its in Westland) and all the way North to 5 Mile Rd.  Our Northern border will be 5 mile rd from Inkster to Farmington Rd with the Western border mainly being around Farmington Rd (double check depending on location).  The Southern border for the most part of this high school is Warren Rd from Inkster Rd to Merriman Rd (very close).   If you or anyone you know is interested in buying or selling ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
In flipping Michigan homes I talked about which offer would win based on types of mortgage and method of payment.  But I forgot to mention one key factor that plays into the equation. Banks will not, I repeat will not give a loan on a home that needs a lot of work.  What I mean by needing a lot of work is: no furnace no hot water heater missing a wall of drywall leaking plumbing (broken water pipes, not dripping faucets) Missing kitchen Missing bathroom like bathtub or toilets electrical fixtures A bank or lender wants good collateral.  If you went into foreclosure the bank would need to sell the house.  They don't want to go into another deal that the house is hard to sell.  They want a finished home.  They will not loan money on a house that has missing items listed above. How will th...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  Many potential home buyers in Livonia Michigan are looking for a specific high school.  This blog is about Livonia Michigan Churchill high school's boundaries more or less.  For more information on Livonia Michigan real estate and homes for sale visit www.BobandTeena.com or www.RealEstateBusyBees.com anytime.  Feel free to visit the Churchill website at http://www.livoniapublicschools.org/churchill.cfm   Basically Churchill boundaries are like this:  5 Mile Rd is the Northern boundary, Haggerty is the Western boundary, Farmington is the Eastern boundary along with Joy Rd being the Southern boundary.  Parts of Westland Michigan attend Livonia Schools as well.  As a generalization Warren Road would be a good boundary to use for the Westland residents.  For more information on this subje...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  We are excited about how easy it is to search our local data base of Livonia Michigan Bank Foreclosed Homes for sale.  Visit www.BobandTeena.com and just follow the link Livonia Michigan Bank Foreclosed Homes for Sale and there ya go.  You can also go in and search all Livonia Homes for sale with this same search tool.  What I like about this is that it is fast and convenient.  This home search tool is also available on our www.RealEstateBusyBees.com website.  If you have any questions or would like more information feel free to email us anytime at info@BobandTeena.com   
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  Today I am going to touch on the subject of Livonia Michigan Stevenson High School district homes for sale.  There are three high schools in Livonia Michigan and they are, Stevenson, Franklin and Churchill.  Many times Livonia home buyers looking to buy a home are looking for a particular high school within the city.    The Livonia Stevenson Spartan territory goes something like this.  On the Southern border would generally be Five Mile Rd, pretty much from Haggerty all the way to Inkster.  On the Western border would be Haggerty starting at Five Mile and going up to Eight Mile.  The Northern border of Stevenson School district would generally be Eight Mile up till between Middlebelt and Merriman (that starts Clarenceville High School district).  The Eastern border gets a little more ...
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By Mark Maupin See Blog Free Investors Training, National Real Estate Investors Network Host
(National Real Estate Network, LLC)
Attend internet workshop this Saturday, December 12, 2009.  Learn the following:   How to get started in internet marketing What are terms, resources, and steps you need to take to get started in the internet marketing game How to you find products that you can sell, and market effectively on the internet. How to market yourself or your business on the internet. How to find affiliate products on the internet. How to use all free resource to market yourself or your goods on the internet. Where are local resources in your market to move you forward   MEET AND LEARN FROM LOCAL DETROIT METRO AREA EXPERTS IN THE INTERNET MARKETING FIELD. Four years ago I attended a seminar on internet marketing. I knew very little about the internet let alone how to generate money on it. How my life has chan...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  We on the Real Estate Busy Bee Team in Livonia Michigan are pleased to announce the addition of Angie Malkowski as a buyers agent.  Angie has over ten years of real estate experience and has been getting rave reviews with every client she has worked with so far since she has been with us.  If you or anyone you know is considering buying a Livonia Michigan house for sale and need a dedicated real estate professional feel free to email our team anytime at info@BobandTeena.com   For more information about the buyers agents on our team and the home buying process feel free to visit our website at www.BobandTeena.com or our buyers agent page at Great Livonia Buyers Agents      Above is a recent picture from a team meeting.  During our team's meeting we go over things like market conditions...
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By Jerry Gardner
(Remerica Hometown One)
Today in an office meeting my broker said something crazier than usual. He said that we were actually running out of inventory. Believe me, I haven't heard a statement like that for a while. Here in Southeast Michigan we,ve had a pretty rough time of it. We started the housing recession before the rest of the country. I'm not convinced that first in means first out but any ray of sunshine is warm on could winters day. If we go by the premise that 6 months of inventory is a "normal market" then anything above 6months would constitute a buyers market. More inventory would mean more choice and competition would drive prices down. Conversely, less than 6 months would make a sellers market, less competition and less to look at makes the buyer jump on a home faster and lets the seller demand ...
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By Mark Maupin See Blog Free Investors Training, National Real Estate Investors Network Host
(National Real Estate Network, LLC)
We Planning a beginners workshop for Internet Marketing for the 12th of December – We doing survey to make sure we serve you better, if you are a beginner and could give us feedback, please answer the following questions and send them back to us.  Thank You     INTERNET MARKETING FOR BEGINNERS   In Internet Marketing, What Level Are You? __ Beginner __ Intermediate __ Advanced __ Expert   To serve you better, please fill out this short form.   Name (optional): ___________________________________________________         — Question: What is your single biggest problem with internet marketing? Answer: __________________________________________________________   — Question: What is your single most important question about internet marketing? Answer: _______________________________________...
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By Bob Jakowinicz, Michigan Real Estate Agent-- MI Real Adventures
(National Realty Centers Livonia--Bob Jakowinicz)
  If you or anyone you know is looking for a Livonia Michigan Real Estate Agent you have come to the right place.  We have a team of three full time Livonia agents along with a great staff to support all of your needs.  Please feel free to visit www.BobandTeena.com and follow the link Two Full Time Buyer Agents on Our Team!!!  Click here for more details   Here you get a chance to meet the team and get some helpful hints that will help during the home buying or selling process.   Feel free to call or email us anytime for more information on local market conditions.  Our email address is info@BobandTeena.com .  Our phone number is 734-578-6561.   Thank You for your time, we look forward to meeting you soon. 
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