Detroit Real Estate

Livonia, Plymouth, Wayne County Homes for Sale

Wayne County and Oakland County foreclosures

Here is some advice on how to successfully buy Wayne County and Oakland County foreclosures in Michigan. The Wayne and Oakland County foreclosure market it hot. Many Wayne County and Oakland County foreclosures are getting multiple bids. Some of these homes are going over list price. I have seen some foreclosures go over double the list price. If you doubt me go to MCBREO.com and look at some of the bid statistics.

So if you are looking to buy a foreclosure you should ask your Southeastern Michigan Realtor to pull the last 60 days of sold foreclosures with the list price and sold price. Then you can see the trend. Nothing wakes up a potential buyer than looking at a recent sold list. Many Southeastern Michigan home buyers are shocked to see how many foreclosures sell for over list price. And even more shocked to see how high they went.

Then you should also ask your real estate agent to pull all the homes that sold like yours whether they are foreclosures or not.

What I tell my customers

"is that you should disreguard the list price"
figure out what it is really worth in todays market
to realize there are other people out there that may be bidding against you.
figure out what you can afford
and then put your best foot forward - bid your best shot so you won't feel bad that you lost it

That's the key to successfully buying foreclosures in Wayne and Oakland County Michigan