Chesterfield Township, MI

To my knowledge, there isn't a way for buyers searching the internet (Realtor.com, Homegain, the local MLS feed) to enter search criteria for bank owned homes (foreclosures) only.



In Macomb County MI there are 2 Multilist data sources: Mirealsource™ and Realcomp™. Some real estate agents belong to one. I pay dues and belong to both.

If you are looking for foreclosure homes only (bank owned homes) in Macomb County and want to weed out the private sales, short sales and homes for renting you will have to ask the buyers agent you chose to sort through the list for you. This list can then be emailed to you, faxed to you, or hand delivered.

As of this morning there are 7293 homes listed for sale or lease in the Mirealsource™ database. Of those homes, 1055 are tagged with "Bank owned" or "Government owned" designations.

If you want to narrow things down further by school district or price range or city then your agent can also do that for you and provide you with a list.

An example: There are currently 5 homes for sale in Chesterfield Township MI, within the Lanse Cruese school district with a price range between $100,000 and $120,000 that are bank or government owned.

View the homes in Chesterfield Township used in the example

Searching for homes on the Internet can be frustrating for home buyers who are trying to narrow down their search by details of either the ownership or the features of a home. Your buyers agent can be a tremendous help in this effort and also save you time and precious gas money. (How many of you drive from address to address to look at the outside of the homes first?)

Pick up the phone and call your agent, or compose an email detailing how you would like your search conducted. That's what we're here for. It's what we enjoy. It's also part of our duty to you the homebuyer.

©Kris Wales RE/MAX Advantage 1, Inc. A Macomb County MI real estate agent


Want to read more about Macomb County MI?

Articles by Kris Wales about buyers agency in Michigan.

Homes in the search example are courtesy of Mirealsource™ via brokers recipricocity and Mirealsource™ participating agents and brokers.

Chesterfield Township Michigans Muirfield Manor Subdivision is one of the completed subdivisions in our area that has a nice mixture of homes: Ranch style, Split-Level and Colonials.

This location in Macomb County is within the Lanse Creuse school district and also offers to a prospective home buyer a range of prices and sizes in the homes:


Since April 1st of this year 2 homes have sold within Muirfield Manor. One of them was an approximately 1600 square foot ranch that sold for $179,000. The other was a bank owned foreclosure. It was a split level design of approximately 2250 square feet on a corner lot that sold for $184,275. (The seller paid $10,725 in concessions to the buyer of the home, which I have taken into consideration with the quoted final sales price.)

I had the opportunity to view the split level home that was a foreclosure and believe the buyers of this home received an outstanding deal on this home. It generally needed some landscaping "loving" and an all around good cleaning, paint and carpeting.

Currently there are 7 homes on the market in Muirfield Manor. They range from a bank owned foreclosure that is priced at $164,900 (a 1600 square foot ranch) to a lovely 2400 square foot split level that is priced at $269,000.

Muirfield Manor in Chesterfield Township MI can be found just south off of 24 Mile Road, east of Gratiot.



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While checking the databases this morning I saw that the amount of foreclosures on the
market in Chesterfield Township MI appears to be dropping.

This is great news for home sellers in our area of Macomb County. This morning there
were only 8 foreclosures on the market between $125,000 and $150,000.

If you are a consumer who is considering purchasing this spring and taking advantage
of the low prices in our market now would be the time to talk to your mortgage lender
and find a buyers agent to represent you.

In this price range a FHA or VA mortgage would be a wonderful way to finance your new
home. If you have questions about these mortgage programs please don't hesitate
to call me. I would be happy to refer you to local mortgage lenders who are FHA & VA
knowledgeable.

Want to peek at some of the homes?

Bank owned and foreclosures in Chesterfield Township between $125,000 and $150,000

If any of the homes interest you please give me a call, I'd enjoy meeting you and making
the necessary appointments to view the homes.

All information regarding these homes courtesy of Mirealsource™ and it's participating agents
and brokers is current as of the time of this writing/posting.

Kris Wales RE/MAX Advantage 1, Inc. Chesterfield Township

One of the questions that I am asked quite often is if a condo can be purchased with an
FHA or VA mortgage.

The answer is a resounding YES. In fact, I find the whole process with FHA and VA purchases
to be a bit easier with condos than with single family homes. Typically condos have much
less of the larger items in disrepair to meet the appraisal guidelines: Roofs are normally
in good condition, foundation & grading issues rarely arise, etc.

HUD has a list of condominium complexes online that you can quickly review to see if the
condo that you have chosen is in a community that is already approved. When I have
a buyer client that wishes to purchase a condo with an FHA mortgage I use that site for a
quick reference. If the complex is not on the approved list, I then check back through the
multilist service that I belong to and search to see if any condos have sold within the last
year using an FHA or VA mortgage.

If the condo you wish to purchase is not on the approved list, hope is not lost. A spot approval
can be done by your mortage lender. For most cases this type of approval is very quick to
obtain.

I searched the multilist this morning and as of the time of this writing, there are 36 condos
for sale in Chesterfield Township MI priced between $100,000 and $120,000. There is
quite a nice mix of those for sale in both the L'anse Creuse school district and the Anchor
Bay school districts.

If you have any questions about purchasing a condo in Macomb County please don't hesitate
to call me. I would be happy to chat with you and be a partner with you through the process.
I can also help you to find an FHA or VA mortgage lender who is familiar with the condo purchase
process.

Kris Wales RE/MAX Advantage 1, Inc. Chesterfield Township - Macomb County MI

http://macombhomes.com http://chataboutmacomb.com

Condos for sale information courtesy of Mirealsource™ and it's participating brokers and real
estate agents.

What an exciting month April was for Chesterfield Township single family & condo sales!

30 single family homes sold in April, compared with 26 homes in March. I had a feeling
that along with the better weather and buyers feeling a bit more confidence in the mortgage
market that we would see a strong month.

Surprisingly, 18 condos sold in Chesterfield Township in April, which is up substantially
from March which only had 6 condos sold! This is certainly great news for those condo owners
who have been working hard and waiting patiently for their homes to sell.

The total time on the market for the homes and condos was higher in the month of
April, but I believe that number is a bit skewed because of one or two homes and condos
being on the market considerably longer than the rest of them. Next month should bring
a balance back to those figures as we have been seeing a reversing trend recently in the
time it takes to sell a home in Chesterfield.

Personal observations:

Home buyers are back out in droves seeking the good deals and taking advantage
of the low interest rates.

More homes and condos are being purchased using FHA & VA mortgages then we've
seen in years.

We are seeing many more multiple offer situations with well priced homes. Hint to
buyers: If you like it, don't wait to make an offer!

One more nice observation: Of the 30 residential homes that sold in April, 13 of them
were foreclosures. Not only are the bank owned homes selling and leaving the market,
but privately owned homes are being sold in a greater margin than the bank owned homes.

If you would like to view any of the homes that are currently for sale in Chesterfield Township
please don't hesitate to contact me. I would be happy to give you a tour of our area, and
work with you as a partner for your real estate needs.

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