Detroit Real Estate

 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. 

More Novi real estate information

     City of Novi data

     Novi Subdivisions

     Search Novi homes for sale

 Oakland County real estate

 Here is January's Median sale prices and the number of sales.  Now there is an interesting statistic.... the median sales price was up.  That is a good sign for the metro Detroit real estate market.

Here is more information about

What will happen after the first time home buyer tax credit expires?  I don't think anybody knows.  I myself think it has been one of the Democrats best success stories.  I think if you ask any real estate professional you will hear that the tax credit did bring a large number of buyers into the market.  The tax credit created demand.  And I believe the demand in the Metro Detroit housing market was enough to temporarily stabilize the home values.

Before the first time home buyer tax credit we were on a major slide of home prices.  The tax credit brought investors and first time home buyers into the market.  In the last year it was not unusual to see multiple bids and homes going over list price.  All due to first time home buyers and the tax credit.  Sure the higher priced homes were not affected but the homes under $250,000 range was.

Investors also jumped into the market.  They could buy and then fix up homes to flip to first time home buyers.  That also helped the market.

As for what will happen I honestly don't know.  I do think demand is already dropping off.  We are exhausting the first time home buyer pool.  Now we are getting bad credit people applying.  There are less qualified buyers out there right now.  So hopefully home values won't drop after the first time home buyers leave the market because the credit expired. 

Search Metro Detroit homes for sale  

 With so many people having bad credit land contract homes are becoming more common.  Right now there are

• 355 Wayne County homes that accept land contract terms
• 239 Oakland County homes for sale that accept land contract terms
• 37 Livingston County Home listings that accept land contract terms
• 88 Macomb County homes that accept land contract terms
• 62 Washtenaw County homes for sale that accept land contract terms

Yes there are not an over abundance of home sellers that accept land contract terms.  But that is over 750 homes that are available to people that don't qualify to get a bank loan.

If you have had a bankruptcy, foreclosure, or have bad credit a land contract may be the way to get a home for yourself.

Search Michigan homes for sale and get homes that have land contracts emailed to you weekly.     

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We could never learn to be brave and patient, if there were only joy in the world.

So you are getting ready to sell your Novi Condo and you know to:

• paint the walls neutral
• clean the carpet
• take down all your family pictures
• de-clutter counter tops, dressers, and shelves
• de - ordorize the house 
• get rid of excess furniture and "stuff"

but what about one of the most important things.  You need to get your condo associations by-laws.  EVERY METRO DETROIT CONDO BUYER will be requesting to see the condo association by-laws.  So take the time and gather up your condo's information. 

1. The name and phone number of the association management
2. The condo associations by-laws
3. What is included in your associations fees
4. What is covered by the association?  Windows, Deck
5. Pictures of the club house or the pool

So when Getting ready to sell your Novi condo this information about your condo will be needed.  So don't be scrambling at the last minute to gather this information.  It will help you sell your Novi condo.

It doesn't matter whether it is a Novi condo, a Canton condo, or any cities condo it's best to get the information early.

More information to help you sell your house.....

Metro Detroit home seller tips 

Metro Detroit relocation information

Search Metro Detroit home listings

My quote of the day:

 Remember, if you ever need a helping hand, you'll find one at the end of your arm ... As you grow older you will discover that you have two hands. One for helping yourself, the other for helping others.

                                          Audrey Hepburn