Posts Tagged ‘michigan real estate’

Fenton Michigan Waterfront Homes For Sale (Fenton Michigan)

Fenton Michigan Waterfront Homes For Sale as Low as $90,000!!!Buy now and be moved in time to enjoy Waterfront living THIS Summer.

Fenton’s numerous Lakes, River, and Canal’s offer homes that range in price from $90K to $1,890,000. There are currently 57 on market Residential Waterfront properties available in Fenton, Fenton Township with 22 of those listings being $250K or less, FHA price range

So Why Wait?! Couldn’t afford that Lake Cottage a few years ago? Want to eventually retire to the Lake? Now is the time to buy!!!

Call Kari, A Michigan Realtor Specializing in Home BUYER Representation for a list of available Fenton Waterfront Homes For Sale……Direct Mobile 248-459-9789 or email me at Kari@BuyMiHomes.com

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Exclusively Representing Michigan Home ‘Buyers’
and Real Estate Investors with ‘Buyers’ values
in Mind.

Planning on purchasing a Home….Investment Property
I’d Love the Opportunity to earn your Business!!!
Call me Today…………Kari………..

Search the MLSProperty Listings

Serving Oakland, Genesee and Lapeer Counties of Michigan.

Have Questions? Like to receive a detailed Agent Property Search?
Preview a Property? Schedule a Showing?
Please Contact Kari Today


A Michigan Realtor with the Proven Experience, Knowledge and Commitment You need in Today’s Real Estate Market

Member Of:
National Association of Realtors
Michigan Association of Realtors
North Oakland County Board of Realtors

Sellers are Represented by the Agent that Lists Their Home For Sale…….Buyers also need Representation………I’m a Realtor that Specializes in Home Buyer Representation…….let me, help you, with your Home Buying needs!!!

Michigan Residential Real Estate, Foreclosures, Short Sales, Site Condo’s, Lakefront Homes,Oakland County,
Lapeer Michigan Homes for Sale, Genesee County Michigan Homes for Sale,REO-Real Estate Owned, Bank Owned

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Short Sales in Southeast Michigan- What to Expect

Short sales in Southeast Michigan- What to expect, including my attempt to define exactly what a short sale is and the basic steps involved. Below is more about what to expect throughout the short sale transaction.

Short sale listings can be some of the best bargains available in Southeast Michigan, but there are things about short sales that the Southeast Michigan home buyer should be aware of prior to even looking at houses.

  • Be prepared to wait 3-6 months (sometimes longer) for short sale approval
  • Be aware the lien holders may not agree to the payoff required to proceed with your offer. After 3-6+ months your offer may be countered or outright rejected
  • Don’t expect appliances to stay
  • Don’t expect the seller to pay for repairs
  • DO expect to close pretty quickly once the short sale is approved

One of the first things everybody involved in a short sale needs to understand is that the banks are under no obligation to approve a short sale. The banks are better off accepting a reasonable offer on a short sale rather than foreclosing, and I haven’t had one denied yet, but that doesn’t mean they are never denied. There are factors beyond the control of the buyer or buyer’s agent.

  • We can’t control how cooperative the seller will be with the bank’s demands addressed in more detail here
  • We can’t control how knowledgeable or diligent the listing agent is
  • We don’t know from day-to-day what financial incentives the government will offer the banks which can determine what short sales they approve
  • When there are multiple mortgages we don’t know how well the negotiators for the first and the second will play together or the abilities of the listing agent to ref them
  • The seller can also reject the terms of the short sale which will be addressed in detail in another post

In a nut shell– short sales can be a good bargain but for the right buyer. You need to have the patience of a saint and the ability to move on someone else’s schedule.

Kari Trail Butz…….Realtor
Keller Williams Realty, Clarkston
cell: (248)459-9789
web: http://www.BuyMiHomes.com

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