Bloomfield Township, MI

Please join me for a Short Sale Seminar made for Realtors by Realtors. We will discuss how you can negotiate Short Sales for your clients. We are not selling any services in this seminar. We are offering this class so all of us Realtors can provide the best service for our clients because we care about Michigan!

Short Sales are part of the business here in Michigan and it is time for us Realtors to take charge saving homes from Foreclosure. Every Short Sale we close is one less Foreclosure in our community. Everyone benefits; the Seller, the Buyer, the Bank and it mitigates the loss of value that a Foreclosure has in our neighborhoods.

Mike Sher, CDPE, Max Broock (248) 644-4700

Bloomfield Township Library, 1099 Lone Pine Road Bloomfield Hills, MI 48302

RSVP by calling our Max Broock Bloomfield Hills office, 248-644-4700 or bloomfield@maxbroock.com

Must be a team player! Buyer's Agent will uphold the company policies, procedures, and core values of the team. Any team is only as strong as its weakest link and in many ways each partner in their own way is the heart of the team. They will love you and be loyal lifelong clients of the Team! And tell all of their friends what a fantastic job you did!

Responsibilities and Requirement

• Must be available and flexible to show properties to buyers (must have your own transportation to do so)
• Must hold active Michigan Real Estate Sales Person License
• Must be a member of Realcomp and proficient with MLS systems
• Must be a Outgoing & Personable
• Able to work with many types of personalities
• Must have strong phone skills
• Must be tech savvy (ie: check & respond to emails often through the day, text, Internet proficient, pdf, scanning, etc.)
• Must be able to follow up on buyer leads.
• Must be able to write offers and negotiate offers.
• Attend the inspection, walk through and closing with buyers.
• Must be organized and detail oriented. .
• Able to correctly answer questions (or find out answers) to satisfy buyers.
• Must have an "Above & Beyond" positive attitude! (90% of the sale is whether the client likes you!)

For more information, email resume to mike@mikerealtor.com

Mike Sher

Max Broock Realtors

A few weeks ago I wrote and asked for AR help

i-m-flummoxed-with-these-two-rooms-help-me

I read all of your advice and did what I could with the budget given me. This home was a little different than the homes that I normally work with. The family was 'very close' in watching the process.

Most of the estates I work with I'm given a little more free ride with the preparations for sale.

After

Given free reign I would have replaced the sink with a bigger laundry tub. The cabinet would have accomodated it.

The carpet was removed with the wallpaper and shelving

Given my way.....I would have removed the wall between the laundry and mud rooms, making it much larger. My process would have been cheaper too.

To see more of the process and photos click on the last photo

The Bloomfield Township Condominium market report reflects information for the township and does not include Bloomfield Hills. Solds reflect only those properties that have closed and ownership transferred. Information compiled from data provided by RealcompII and is deemed reliable but not guaranteed.

Inventory is down from last month. September had 114 units for sale, while in August there were 138 condos for sale.The average days on market (DOM) for those properties that did sell went from 100 DOM to 261 DOM. This could be caused by properties that have lingered on the market due to over-pricing or condition, finally adjusting the price or accepting offers in line with market conditions. The average list$/sell$ ratio is also down from last month; September was 88%, while August ratio was 91%

During September 2009, there were 114 condominiums for sale, 11 sold, 3 went under contract (pending) for a total of 6 pending (some have been pending for more than 30 days.)

SUMMARY: ACTIVES: 114 PENDING: 3 in September (total 6) SOLD: 11

ACTIVES: Of the 114 condos on the market during September, 20 were new listings, 5 were CCS (contingent continue to show) mostly awaiting bank approval. 1 listing was bank-owned and 14 were offered as short sales. The list prices ranged from $38,000 to $950,000 with an average of 274 DOM (days on the market).

PENDINGS: 3 condos came under contract during the month of September for a total of 6 pending sales. The other properties have been pending for longer than a month. Of those 3 that came under contract during September, 2 were bank-owned and none were short sales. List prices ranged from $39,900 to $149,900.

SOLDS: 11 condominiums sold during the month and reflected a SOLD price range of $35,500 to $260,000. 3 were bank-owned and none were short sales. The average list price was $140,291 with an average sold price of $123,171, and an average of 261 days on the market. Average list$/sold$ ratio=88%.

ABSORPTION RATE: 10.3 months. The Absorption Rate, is the rate at which houses for sale (inventory), sell within a given amount of time. For example, if 100 homes sell every month. and there are 1,000 houses for sale, and no other houses come on the market, it will take 10 months to sell the houses that are currently for sale.

COMPARISON: The absorption rate currently is 10.3 months compared to August's rate of 12.5 months. This reflects the decrease in available condos and the increase in buying that occurred during summer. This market remains a buyers' market but with declining inventory and attractive pricing, buyers should be prepared to make good offers and be ready for multiple offer situations.

If you'd like more information for Bloomfield Township, Bloomfield Hills or Birmingham, MI real estate, or for other areas of Oakland or Livingston counties, please feel free to contact me by phone or text at (248) 971-0711 or email me at LSchomers@Century21.com.

TO SEARCH AREA LISTINGS AND FOR NEW LISTING ALERTS, CLICK HERE

Stage-Show-Sell, LLC is working on another Estate. This one happens to be in my home town of Bloomfield Hills.

We specialise in homes where the families generally live out of state and can't do the work that's necessary to get the home on the market.

Many of the rooms look "normal" with tons of wallpaper and old paint. These two rooms are a bit of a challenge.

This is the first floor laundry that's trapped in the 60s. The wall paper is now gone and I'm working on a new laundry cabinet & sink and floor. The cabinets above are small and not really appealing. We can paint the cabinets white or toss them out. My problem is that they are small. The lower cabinet will hold a large can of soup. The upper would hold two cans of soup back to back. Am I better off painting them or tossing them and putting in two plain shelves to hold the cleaning supplies?

I've seen this kind of hording before with this generation of owners. They have been through two recessions and several depressions and can't throw anything away.

The paper, flooring and cabinet have now been tossed out. The room is next to the laundry and garage. A door where I'm standing with the camera and one on the left going into the garage.

What do I put in there to show that it's a mud room? A catchall for coats, boots and other outdoor gear? This house has 5 bedrooms so I'm assuming that buyers would need such a room. The fix would have to be economical and most of it removable to keep the costs down.