The market may be slow, but, there are some amazing values here!

We are helping a couple of buyers look in the Ypsilanti area, and some of the values there for home that need a little cosmetic work are quite impressive.

At the same time there are similar homes right down the street that are for sale at their ~2005 prices. It is amazing that real estate agents will take listings and work to sell home that are now well over-priced. Some of those will sell at those very high prices. - But, you can bet you life it won't be to one of our clients!

Remember, unlike other companies who actively try to sell their listings, overpriced or not, we only work for buyers. We never work for sellers, so we can always be on your side.

Never any designated/dual agency.

Only loyal buyer agency.

Call us if you would like to talk about some of the great values we are seeing now. 734-662-6240

Taxes going up even with value going down

I got a email from a past client who was concerned about his home's tax bill going up, even while his home's value wet down.

We had a 20 minute conversation, but here is an article that goes over the same information:
http://www.dailypressandargus.com/apps/pbcs.dll/article?AID=/20071223/NEWS01/712230325

Relationship between a home's age and its value

I've had a number of buyers ask me if a new home is always more expensive than an old one.

The short answer is no.

The more in depth answer is there is often no correlation between a home's age and its value.

Often the older homes are in more desirable areas so much of their value is in the actual dirt under the home.

On the other hand there are a lot of desirable features that are desirable today that were not even considered when older homes were built like 3 car garages and bubble tubs in the master bath. Even master baths were not a typical feature in homes built 60 years ago!

Lower attendance at EMU pushing down house values?

I thought this was an interesting article from the Michigan Daily.

It talks about U of M students who go for the cheaper houseing in Ypsilanti, and how the falling enrollement at Eastern is effecting the home prices. (A little bit of a stretch, but...)