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Novi homes for sale

 Here is a breakdown of Novi homes for sale.  A couple of years ago you would have never found a home in Novi under $125,000.  Now we have 8 Novi homes for sale listed under $100,000.  The average time on the market for Novi homes is 158 days. 

 I always say the longer the house is on the market the more likely the house is over priced.  All homes will sell if priced right.  The home will sell when it becomes a value.  I would say those homes in the $700 - $750,000 range are over priced for what they are. 

Novi home Price Statistics
Range Name Price Range Number of Listings Days on Market
       
  50,000 to 100,000 8 142
  100,001 to 150,000 15 179
  150,001 to 200,000 29 161
  200,001 to 250,000 17 109
  250,001 to 300,000 18 102
  300,001 to 350,000 13 145
  350,001 to 400,000 13 160
  400,001 to 450,000 17 75
  450,001 to 500,000 5 125
  500,001 to 550,000 12 285
  550,001 to 600,000 12 186
  600,001 to 650,000 3 31
  650,001 to 700,000 7 125
  700,001 to 750,000 3 512
  750,001 to 800,000 6 277
  800,001 to 850,000 1 13
  850,001 to 900,000 0 0
  900,001 to 950,000 0 0
  950,001 to 1,000,000 4 299

For the 183 Novi home listings: For the Novi Sold listings:
Average List Price $370,010.00 Average Sold Price $0.00
Median List Price $330,000.00 Median Sold Price $0.00
Highest List Price $999,900.00 Highest Sold Price $0.00
Lowest List Price $59,000.00 Lowest Sold Price $0.00
List Volume $67,711,750.00 Sales Volume $0.00
Avg. Days On Market 158 Avg. Days On Market 0

More Novi real estate information

     City of Novi data

     Novi Subdivisions

     Search Novi homes for sale

 



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Posted on Mar 14, 2010 @ 9:08 pm by russ.ravary - View Profile
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I think it is time to change your criteria

I got a call yesterday from another real estate friend.  He had gotten a call from a first time home buyer about taking them out.  The agent started talking to the first time home buyer and found out that I took them out over a year ago.  I had worked with them about six months.  We had put in 3 offers and lost them all because we did not bid high enough or the homeowner couldn't sell the house for what it would appraise for.

Then they went to another real estate agent and worked with her for a while. (I didn't know they had gone with somebody else)  Until I had gotten a call from the buyer complaining that the list I was sending them was exactly like the other real estate agents list.  IT WOULD BE.  WE CAN'T MAGICALLY MAKE HOMES APPEAR FOR SALE.

  • We send you what fits your criteria.
  • There aren't any "SECRET" homes
  • If they aren't on the list then they don't fit your criteria or price range

The buyers had a certain payment they wanted.  They wanted a newer house, with a certain minimum square footage.   The problem was that most of the houses were out of their price range.  They would bid on them but lose them because they couldn't bid high enough.  Or they couldn't bid higher because the high taxes in the city (Southfield is one example) would put them over the payment range they wanted.  There were a few that fit their criteria.  They could buy the house, but they would turn their nose up at them over cosmetic details.

  They would look on other sites than Realtor.com, or MoveinMichigan.com and find "other" homes.  But unfortunately some of the sites they were looking on had outdated listings.  They were sold over a month ago.  Which added to their frustration.  They would not listen to the advice to look on Realtor.com for the latest listings.  "These other sites had different listings" they said.  Of course they did they were out dated listings!

So over a year later they still had not found a house.  The buyers were on to their 3rd or 4th real estate agent.  They will still be looking for a long time. 

  • THE BUYER NEEDS TO CHANGE THEIR CRITERIA. 
  • THE BUYER NEEDS TO LOWER THEIR EXPECTATIONS
  • THE BUYER NEEDS TO UP THEIR PRICE RANGE

I have seen this happen over and over through the years.  Buyers that have unrealistic expectations that go through 3 or 4 real estate agents.  Put 5 or 6 offers in and lose them.  Look for over a year.  I lose buyers like that because they get frustrated with me telling them they need to change their criteria, Or they get frustrated with losing the houses.  Somehow they feel it is the real estate agents fault.  That somehow we can magically make their low bid become the best bid.

Unfortunately we don't have a magic wand.  I too get people that come to me from other agents that are frustrated.  I talk to them and ask them why it didn't work out with the first agent.  I work with them to adjust their criteria to find a house that fits their needs and pocketbook.  Sometimes they have to give something up.  Sometimes they refuse to become realistic and we go our separate ways.  I once met a past client with another new agent 2 1/2 years later.  They were still looking for the "special house"  2 1/2 years should be long enough to tell you it is not going to happen.

If you have been looking for over a year and have lost 4 or 5 homes then look at your criteria, your price range, your cities you want to live in. .  I know it's hard, but sometimes you have to give up something in order to buy a house that fits your pocketbook.

Russ Ravary your Metro Detroit real estate agent 

 

                        Search Detroit suburb home listings and foreclosures



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Posted on Mar 14, 2010 @ 8:40 am by russ.ravary - View Profile
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Metro Detroit's Irish pubs and taverns

  Here is a list of Metro Detroit's Irish pubs and taverns.  There is a Irish pub very close to you any where here in the metro Detroit area.  So when St. Patrick's rolls around, enjoy yourself, but be sure to have a driver.

Baileys (Canton)

Claddaugh (Livonia)

Cloverleaf Bar (Southgate)

Conor O'Neill's (Ann Arbor) 

Colleen's Irish Pub (St. Clair Shores) 

Cowley's Old Village Inn (Farmington)

Chris McGurrin's (Hartland)


Dick O'Dow's (Birmingham) 

 
Dunleavy's Downriver (Allen Park)

Dunleavy's (Farmington)

Dunleavy's (Plymouth)

Irish-American Club (Detroit)

Gus O'Connors (Novi)


Gus O'Connors  (Rochester)


Irish Tavern (Waterford)

Kelleys' (Dearborn)


Maggie's Irish Pub (Detroit) 

Malarkey's (Westland) 

Mangan's Irish Hut (Mt. Clemens)


Mulligans (Farmington Hills)

Murphy's (Livonia)

O'Mara's (Berkley)

O'Malley's (Livonia)

O'Tooles (Novi)


Paddy's Pub (Livonia)

Sean O'Callaghan's (Plymouth)


Shanahan's ( Holiday Inn-Livonia)


Stout Irish Pub (Brighton)


The Claddagh Pub (Livonia)


The Fenian's Irish Pub (Conklin)

The Old Dublin (Taylor)


The Tipperary Pub (Detroit)

I will be updating this list of Metro Detroit Irish pubs and taverns before St. Patrick's Day.



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Posted on Mar 13, 2010 @ 10:12 pm by russ.ravary - View Profile
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Do you know how to kill the negotiations for your new home?

I am going to tell you how to kill the negotiations for your new home.  So many people kill or hurt their negotiations without meaning to.

One of the keys to negotiationis to know what you want.  What I mean by that is that you can't change your mind in the middle of negotiations.  You will come across as flakey and not knowing what you want.  The other side all of a sudden will realize that you don't know what you want.  That you aren't sure of what you want and that the negotiations may never reach a conclusion.  Because you don't know what you want now, how does the other side know that you will stay on course.

My example is a client was putting in an offer on a Novi lease.  The list price was $1900  My clients offered $1750.  They were close to an agreement at $1800.  Then my client's father got involved and said they should not be paying so much that they should only pay $1700.  So my client instructed me to offer the landlord $1700 over my objections.

I did what they said.  The seller rejected the offer and leased the Novi home to another person at $1800.

The buyer killed the deal by going in the opposite direction.  They changed what they wanted midstream into the negotiations.  They started asking for more than they originally asked for in the beginning.  Another example would be when you are closing in on price and then asking for extra concessions, or the refrigerator, or free rent.

So if you don't want to kill the negotiations..........know what you want before you start negotiating.  Don't go and add more issues to the negotiations halfway through, or when you get close to acceptance.  Don't get greedy.  You will kill the deal.    



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Posted on Mar 13, 2010 @ 8:27 pm by russ.ravary - View Profile
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Canton Township homes for lease - Canton Township rental homes

Thinking of just renting a home in Canton Township, here are the latest list of Canton Township Homes for lease as 3/13/2010.  There are no Canton Township rental homes listed under a thousand dollars.  There are a few deals on the list.  How about a 3100 square foot house for only $1950 a month!  Many of the homes that are nice and reasonably priced are not on the market more than a couple of weeks, so don't wait on putting in an offer if the home is a good deal.  The dogs or overpriced ones of course sit forever. 

Canton Township Michigan is a great town to live in.  Ford Road is the main shopping area that is convenient where ever you live in Canton Township.  Then the easy access to I-275 expressway makes traveling around Detroit easy.  Feel free to email me to have the latest Canton Township homes for lease (Canton Township rental homes) sent to you weekly or call me with any questions about the homes below.  My cell is 313-310-9855 or email is yesmyrealtor@gmail.com 

LIST PRICE STREET NAME SQUARE FOOTAGE BEDROOMS BATHS.LAVS YEAR BUILT
1375 PRESTBURY RD 1314 3 2 1986
1400 FLEET 1449 3 1.1 1972
1450 SHELDON 1577 4 3 1978
1500 HILLSBORO 1826 4 1.1 1972
1600 WOODMONT E 1765 3 2.1 1991
1650 BURGUNDY 2259 4 2.1 1978
1650 BURGUNDY 2298 4 2.1 1976
1650 METALINE 2210 4 2.3 1991
1700 RIVER MEADOW 2339 4 2.1 1997
1700 PARKLAWN 2246 4 2.1 1994
1750 SHERWOOD 2600 4 2.1 1998
1750 WOODS 2180 3 2.1 1997
1795 HENDRIE 2925 4 2.1 2001
1900 POND 2583 4 2.1 1999
1950 AMANDA CT 2337 3 2.1 1999
1950 LABANA 3100 4 3.1 1999
2000 ADRIANA 2569 4 2.1 2003
2000 BUNKERHILL 1814 4 2.1 1973

 

__________________________________________________________



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Posted on Mar 13, 2010 @ 12:45 pm by russ.ravary - View Profile
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Remerica Hometown One
Russ Ravary
44785 Five Mile Road
Plymouth, MI 48170


Phone: (734) 414-3261
Fax: (734) 420-3299
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Global Mortgage Group
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