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Have you ever heard agents complain that they can't get deals done this time of year? "No one is looking, no one is selling," seem to be the mantra's of this season.
I thought I would share one of my best deals. It came at Halloween. i was going to post this a few weeks back but life got in the way. so anyway, here goes.
It was the day of Halloween. Our office was practically empty. Most agents had gone home or didn't come in at all. I had a buyer that was looking in a particular area of Northville Mi. They wanted a house in a sub known as Northville Commons. This is an area built in the '70's where some of the houses are located around, you guessed it, a common area.
There was nothing on the multi-list that met their needs and I wasn't sure what to do. They didn't want to sell until they found their new home. This was during the hot market and we knew we'd have no problem selling. Their home was located in an area of Livonia call Old Rosedale, a sub built , basically, by Henry Ford back in the 30"s and 40"s so he could house his middle management. They would sell quickly.
With all that going on I decided to take one of the silliest courses of action you could think of...I cold called Northville Commons.
The few agents that were left in the office snickered and laughed. "Who's going to pick up the phone? It's Halloween." Still, I called.
After about 15 calls I spoke to a lady that said, "Yes, they wanted to sell but were building and didn't want to move until their house was done in about 3 months." I asked them if they had the home sold and could rent until they move, would that work for them. They agreed to meet with me.
I'll cut the chase here. My buyers loved the house, bought it and rented to the owners for the time they needed to get their house built. They then put their home on the market. I got a call from a buyer who always wanted to live in Old Rosedale. They had a house to sell in Redford so we made the offer and listed their house. A young couple who lived in an apartment bought that house through a co-op agent (I didn't get every piece of the sale).
To top it off, a buyer I had met from a sign call on the Old Rosedale house who put their home in Redford on the market with me. They decided to buy in another area so I didn't get their sale but did sell the listing. We can't get them all.
Long story short, because I decided to cold call on Halloween, I got paid on 6 transaction sides as well as adding sign calls to my sphere that led to later sales.
Don't ever let anyone tell you that you can't sell through the Holidays. I'll write about a Thanksgiving sale in a later post. In the mean time, it's a great time to be on the phone.
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We have a great selection of Livonia Michigan Houses for sale to choose from on our website. Most available houses for sale are on our home search, visit www.BobandTeena.com or www.LivoniaBusyBees.com for more information.
We have full time dedicated real estate agents ready to help you find your dream home. If you or anyone you know is looking to buy a Livonia Michigan house please feel free to email us anytime at info@BobandTeena.com
Thank You for your time and happy house hunting!!!!
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I saw a beautiful Livonia short sale home about 3 months ago with one of my clients. At the time the listing was being touted on the MLS as "short sale approved". My clients were two weeks late on putting in an offer and their offer was going to be a back up offer. The listing agent marked the Livonia short sale home pending and my clients bought a different Livonia ranch home.
My clients were about two weeks before they closed when the other listing agent with the other short sale called. His deal had fallen apart. He wanted to know if my clients were interested. I said no, but I told another Remerica agent in my office about the Livonia short sale.
The other Remerica real estate agent talked to the listing agent. The listing agent said the short sale was just two weeks away from closing. So the buyers agent put in an offer, go it accepted, and rushed the mortgage person to get it ready to close. They had it ready to close. Unfortunately the listing agent wasn't ready at that time.
Then 60 days later the listing agent scheduled the closing. Everybody was at the closing table only to find out that the 2nd mortgage company never signed off on the sale. So it didn't close. It was never close to "SHORT SALE APPROVED''
The listing agent didn't know what he was doing.
He didn't have a clue.
His title company should have never scheduled a closing without the approval from the second mortgage company.
Unfortunately this happens a lot when buying and selling Metro Detroit real estate. Some metro Detroit real estate agents just don't know what to do when working with short sales. So every time I do a short sale I ask the listing agent questions. I can ferret out some of the issues and problems that might arise and whether the deal has a chance of closing. Unfortunately we can't always tell when the listing agent doesn't know what they are doing or when they are "fibbing" about the short sale.
So the bottom line is: whether it is a Livonia short sale home or any Metro Detroit short sale there is a chance that is may not close. There are things that you can't control, things the listing agent can't control, things the seller can do to make it close. So let your agent ask the questions and listen to your agent's gut instincts.
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If you are interested in Livonia Michigan Houses for Sale here is what we have been experiencing. There is currently approx 425 available houses for sale in Livonia Michigan. We are experiencing less inventory than we have had over the last few years but are being told that some of it should be coming back. Many potential buyers have been putting in offers in an attempt to purchase their Livonia house before the tax credit expires. This seems like it has caused homes to sell faster than in the last few years. It also may be pulling from the future buyer pool of 2010, time will tell.
For more information on Livonia Michigan feel free to visit www.BobandTeena.comor www.LivoniaBusyBees.com or email us at info@BobandTeena.com anytime.
To search most available Livonia Michigan Houses for Sale try following this link LivoniaHomesforSale. Or if you are looking for real estate agents (Realtors) to help you find your home we are available to help anytime. Just call, email or stop by the office located at 6 mile and Newburgh.
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Whether you are selling Livonia real estate or any Metro Detroit real estate here are tips how to keep your house safer when selling it. What I mean by safer is keeping your valuables safer.
When you sell your house you need to put your valuables out of reach of potential criminals. I'm not saying potential lookers or potential home buyers are going to steal from you. But why give anybody temptation.
So here are my tips:
Potential buyers open drawers, and open closet doors. We as real estate agents can't watch every movement of buyers when we go through houses. Anybody that is a thief and is looking to steal has it already figured out how they are going to do it. They know where to look. They know where you will keep your valuables.
So be smarter than them store your valuables somewhere other than your home when selling your house. The reason I am writing this is because I was in a Livonia home today where in the kids room there was a hundred dollar bill laying around. At some point that hundred dollar bill is going to be missing. So be sure to get your kids piggy banks too.
I hope these Livonia real estate and Metro Detroit real estate sales tips help you.
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