Detroit Real Estate

Or should I say the pessimistic type, or the realist type.  What I am saying is that I don't trust foreclosure banks, Fannie Mae, and most foreclosure listing agents.  Unfortunately those are some things that are happening in our real estate market that just ethical or fair.  What I am talking about is that a deal is not a deal until all the addendums and papers are signed.

When you get a bank addendum you will see in black and white that the banks reserve the right to sell to anybody, or to change their mind and withdraw the offer until the documents are signed by all parties.  AND IT HAPPENS.

I had a client last year that had their offer unaccepted after another offer came in.  We had a email stating that they accepted our offer, yet we had to give a higher offer to win it.  This was with Fannie Mae! 

So I am always a little edgy, a little nervous until I receive the signed documents back from the listing agent.  That's why I rush you to get them signed, so I can rush them back for the bank to sign.  Time is of the essence.  Remember a deal is not a deal until ALL PARTIES HAVE SIGNED OFF.

Russ Ravary your metro Detroit real estate agent serving Wayne, Oakland, Livingston, Macomb, and Washtenaw Counties 

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Let's explore the pros and cons of buying a condo.  If you are thinking of buying a condo it is usually for two reasons.

1. No maintenance
2. Low cost

Many people want a condo because there is no maintenance.  They don't have to cut the grass, or shovel the snow.  Which takes time.  The average person probably spends an hour or two each week taking care of the landscaping.  Then add on cleaning gutters, painting and all the other things.  It is nice not to have to worry about all of that when going on vacation, or when you have other plans on the weekend.

The con of no maintenance is that you have a monthly  fee.  A fee you can't control.  If you own your own home your costs most likely would be lower.  You would not do some of the things a condo complex does.

Usually you can buy a condo for less money than you can buy a similar size house. Which is good, but.... In Michigan homes appreciate better than condos.  If you own a condo and a house that you bought at the same price, in the long run the house will be worth more than the condo.  This is in Michigan.  In other states like Florida it is different.   But in Michigan you will get a better return on your investment when you buy a house.

So here are some different things to think about when buying a condo.  I think a condo makes sense for seniors, for young active people that have hectic schedules ( who don't want to spend the weekend working on landscaping).  I think a condo makes sense for a single woman.   

There are more pros and cons of buying a condo but I just wanted to give you the two most important ones.

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Here is a March 2010 update on Bellagio Novi Michigan.  Bellagio subdivision is Novi's premier subdivision.  It is a gated subdivision that is home to some local sports celebrities.  Here is what is currently for sale in Bellagio subdivision right now.

Here is what has sold in Bellagio subdivision in the last year.

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                                          Novi subdivisions

                                                  City of Novi information 

My quote of the day is:

 The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity.

                                          John F Kennedy

Here is what happens after you put your offer in on a Northville home.

This will give you a general idea of what happens between the offer and closing table.  Hopefully it will prepare you on what to do next in the process. 

 It doesn't matter whether it is Northville real estate, a Farmington Hills condo, a West Bloomfield lake front home, or a Dearborn home the process is usually the same.  Of course this is just a general timeline.   The key to the process is rush and get your things done, then have patience with the others getting their part done, then rush around to get your part done again.  Then patience again.  

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 Northville Real Estate

Downtown Northville is the center focus for both Northville and Northville Township.  The City of Northville was incorporated as a village in 1867 and as a city in 1955.  The Township was established in 1898 and became a Charter Township in 1985.  The City of Northville is a delightful mix of old and new.  Northville retains it's historic atmosphere and yet is lively and energetic.  Northville's community of approximately 6500 residents located on the western fringe of Wayne County and the Detroit Metro area just west of I-275.

Here is a quick look at downtown Northville.  Now this is just an amatuer video so don't expect it to be perfect.  I just want to give people who are thinking of moving to metro Detroit a quick look and an idea of what Northville is like.

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Northville, styles of homes and schools

Northville MI history

Why live in or move to Northville Township MI

Northville and Northville Twp data and information

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