Detroit Real Estate

Here are some photos of Canton Michigan if you are looking for Canton relocation information.  Canton Michigan is one city that planned it's growth very carefully.  Canton has designed a nice municipal complex located on Canton Center Rd just south of Cherry Hill.

The Library is located right across from the townships municipal offices.

                                                                       This is the view of Canton's municipals offices from Canton Center Rd.       

Here is a Photo of Canton's fire department.

This is Canton Michigan recreation center - they call it Summit on the Park.

All of these muncipal buildings are within walking distance of each other.  And after you finish going to the library, or the Townships offices you can head out back to Heritage Park.  Heritage Park is a very large park with playsets, baseball fields, and picnic areas.

I hope these photos of Canton Michigan help you if you have a Canton relocation in your future.

If you are relocating to Michigan Canton is a great place to raise your family.  Many beautiful parks, nice subdivisions, and a good school system make Canton Michigan a place to check out.

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 When you are moving from out of state you might want to know Canton Michigan's demographics so you know whether you want to buy a piece of Canton real estate. 

Canton is a great place to live if you are relocating to Michigan.  Some of these Canton demographics may have changed from 2000.  Canton was one of Michigan fastest growing cities in  the early 2000's.  If anything I would believe that Canton Township Michigan may have more college graduates and the median income may have risen.

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Canton home buyer tips

Canton Township first time home buyer advice

 Today I was reading on MSN.com and they had an article on How far Metro Detroit real estate prices have fallen.  I read Cities where homes have lost the most value.  In the article it said the Metro Detroit area homes have lost 31% of their value. 

If you look at the Detroit Metro real estate market as a circle with Detroit as the center, then the next ring of cities, and then the more upscale cities.

The more upscale cities like West Bloomfield, Canton Township, Northville, Rochester have lost 31% of their value.  But you start moving into the inner circle of many of the middle class cities like Dearborn, Redford, Southfield.  Those cities had some homes that their high prices in 2003 were from $100-$140,000.  Now they are ranging from $50,000 to $70,000.  I would say the average loss in those cities about 50%

But the City of Detroit real estate prices in my opinion have taken a huge dive.  I don't know exactly what the average sales price of Detroit homes were at their height.  But I would take a guess and say the average price was about $65,000.  Last year the average sold price of 10,514 Detroit homes that sold through our MLS was $10,692. 

                                  $10,692. Average sold price

                                                                             That's a 83% drop!!!! 

So I think over all Metro Detroit real estate has dropped more than 31%.  But that is just from a guy in the trenchs.  I don't have all the statistics but this is what I am seeing.   

Information provided courtesy of RealComp II Ltd

Russ Ravary your Metro Detroit real estate agent

My quote of the day:

Treat people as if they were what they ought to be, and you help
        them to become what they are capable of being.
                                                                                                      - Goethe

So you are you buying a piece of Canton Township real estate and you want to know what sellers concessions mean?

If you are a Canton Township home buyer and you don't have the enough money to buy a home.  Sure you have the 3 1/2% that FHA requires, but you don't have much more.  And you can't get more from any family members.  So what do you do?  You want to buy a Canton home but you don't have the money.  Yes you can still buy the home. 

The way it is done is by asking for sellers concessions.  Seller's concessions is when the seller pays for your closing costs.  On a FHA loan you can get up to 6% of the purchase price to pay for closing costs.  So if you are buying a $150,000 Canton home you can get 6% of $150,000.  That is $150,000 x .06 = $9000.

But you have to remember when you ask for sellers concessions it is coming out of the seller's bottom line.  So if you offer $150,000 on that Canton ranch home the seller is only going to get $141,000 because he is giving you $9000.  So take this home buyer tip and use it well.  If you know there are multiple bids on a house take into account the sellers concessions you are asking for. 

The bottom line is: If you only have the down payment for the house you can buy a home.  All you have to do is have your Real estate agent ask for seller's concessions.

If you are a metro Detroit first time home buyer and don't understand a part of the home buying process always feel free to call me on my cell phone (313) 310-9855 or email me yesmyrealtor@gmail.com. 

Canton Michigan relocation information

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If you are going to be relocating to Michigan how do you know where you are going to live?  As a real estate agent we can't steer people to one area because of race, religion, family status.  Over the years there has been housing discrimination against different religions, different races, different ethnic groups.

Detroit and it's suburbs were once racially divided.  I believe because of the sub-prime mortgage market it allowed Metro Detroit to become more ethnically and racially diverse.  The ease of getting a mortgage helped us become a better city.  It's natural the immigrants move into the poor areas because that is where the low cost housing is.  It's natural that people want to be with people that are similar to them.  New York has little Italy, San Francisco has China town.  Most major cities have ethnic areas.

Metro Detroit has those areas but what is a little different is that even amongst our "individual ethnic areas" many other religious, cultures, and races live.  Metro Detroit has become a melting pot.  Metro Detroit ethnic areas are like other big city ethnic areas.  We have great ethnic stores, bakeries, restaurants that are unique to the area.  They aren't chain restaurants.  They are unique and great places to visit different cultures right in our city.   Places to worship according to their culture and sometime in their language.

If you live here in the Metro Detroit area you know that

• Ford Motor Company employees live on the West side of town
• Hamtramck is where our "Polish community live"
• Birmingham, Grosse Pointe, Northville, Grosse Ile, Plymouth, Bloomfield Hills, West Bloomfield, Rochester are our wealthier towns 
• Our "Greek town" no longer has Greeks living together because it has become a commercial area.
• Dearborn MI has one of the highest concentrations of Arabic descent citizens in the US.
• Royal Oak, Rochester, Milford, Howell, Plymouth, Northville have old time central down towns
• Chrysler employees live north of Detroit
• Southwest Detroit is home to our Mexican population
• Ypsilanti, Ann Arbor, and Lansing are our college towns
• Ann Arbor and Novi have a good sized Asian population
• Oakland County is our lake real estate area
• Canton has a high population of Indian and Pakistani citizens 

But if you look deeper into the cities none of them are over 50% of the ethnic groups I described.   Italians, Greeks, Irish, Eastern European, Russian, and Germans all live in these cities.  We have all come from some other country.  Some of the cities only have a 10, 20, or 30% concentration of the ethnic group I described.  Like Novi it is a beautiful diverse city with great schools the Asian population may only be 10%.  Many of the foreign car company house their employees in Novi.  Mazda used to house their oversea employees down river.  But I wanted to give a glimpse of the metro Detroit area where you can find great authentic places to eat, and find people that you relate to and feel comfortable with. 

Metro Detroit is a great place to live.  If you are going to relocate to Michigan there are lots of great places to live.

Russ Ravary your Metro Detroit real estate agent. 

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