In review of the chart below, looking at the month of January 2010 (the highest number of recorded foreclosures for the months of January over the past 10 years), there were 113 recorded foreclosures. If we compare that to the month of January 2012, there has been a 24.2% drop in number of recorded foreclosures. Now, comparing last year to this year for the month of January, there was a 3.3% increase in the number of foreclosures. Overall, this is a minor change in the number of recorded Washtenaw County foreclosures.

Foreclosures are still a part of the Washtenaw County Real Estate Market and foreclosure properties continue to be a part of the Buyer’s Market. Don’t miss out on this phenomenal opportunity to purchase a home in the Ann Arbor Real Estate Market!

Search homes in Ann Arbor and the surrounding Washtenaw County area and call us as we often know about properties before they are listed.

Search here to find foreclosure deals in the Ann Arbor and surrounding areas.

Let Ann Arbor Area Real Estate Experts – Kathy Toth and Team, Keller Williams Realty help you.

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Press Release

Only a Minor Change in Monthly Sheriff’s Deeds Rate In January

According to Lawrence Kestenbaum, Washtenaw County’s Clerk and Register of Deeds, 91 Sheriff’s Deeds were recorded by Washtenaw County’s Register of Deeds office this January.

“This January we recorded 91 Sheriff’s Deeds, compared to 88 in January, 2011 and 113 in January, 2010. In 2011 our average monthly recording rate was 94 Sheriff’s Deeds per month. ”

An updated table showing monthly recording for 2002 through January, 2012 is presented below.

If you are an investor or a buyer looking for a foreclosure property Search Foreclosures Here.

Sheriff Deeds Recorded by Month, January 2002 through January 2012

Source: Washtenaw County Clerk and Register of Deeds

Report provided by: James Dries | Chief Deputy Clerk/Register of Deeds | Washtenaw County |

Some interior Liberty Lofts #209 photos are below:

Seller installed fireplace

Master Bedroom with bank of Windows

Master Bath

Master Bedroom Closet

Liberty Lofts were built/restructured by Morningside Group and units range in size from 844 sqft to 2,337 sqft. Some offer exceptional views of the Ann Arbor skyline! These one and two bedroom units are in walking distance to Ann Arbor’s entertainment and University of Michigan functions – walk to U of M Stadium on game days. Features include: exposed ductwork, open floorplans, beautiful granite in the kitchens, some balconies, and many units include walk-through closets to full baths with granite countertops. Association fees of $267 include: an onsite fitness facility, storage units (locker 54), bike racks, water, sewer, trash, heat, common area maintenance, and building insurance.

See All Ann Arbor Liberty Lofts Floor Plans here! When you open the floor plan – look on the bottom right hand corner and the building picture will help you locate where that unit is situated. We are so proud to be chosen again to showcase Liberty Lofts; six stories with 68 residential loft units and contains about 70,000 sq ft of the original 1920′s manufacturing plant in desireable old west side. Be sure to call your Ann Arbor Real Estate Experts to see inside: 734-669-0337. To search for other Ann Arbor Area condos, click here.

So you have received a low ball offer on your Washtenaw County home or condo.

We have worked with buyers who erroneously feel as though the Ann Arbor real estate market is like the Las Vegas market. Often buyers think that they can mark down an asking price by 15%.

If you are a Washtenaw County home seller who is on the receiving end of a low ball offer, what will you do?

This is a business decision. I can’t emphasize this enough. I have been involved with successful transactions, where the initial offer was literally thousands of dollars lower than that what the house sold for. Part of my job as an accredited seller representative is to be objective. Ultimately, focus on the solution - someone wants to buy your house.

Counter. Again, I have seen Ann Arbor Area real estate transactions go to closing, where the initial offer was countered to acceptance. Without a counter offer, you never really know what the buyer is willing to do. Many buyers in today’s real estate climate feel they are expected to make very low offers. As long as buyers and sellers are communicating, and getting closer to an agreement, progress is being made.

Many time terms are just as important. Is the closing date good for you? Is the buyer bringing a lot of cash to the transaction, so that the appraisal may be less of a factor? Although it doesn’t always seem so, there is a lot more to an offer than just the price. What lender are they using and do they use local appraisers?

If you have reviewed the comps with your agent, and you are confident that your price is realistic, given the market, then you should make your best effort at negotiating the low offer. If the buyer is unrealistic, be prepared give it your best shot, then move on.

Market Trends: 1/16/2012

Dexter

Market Snapshot

Total Properties Listed: 236

Month-Over-Month Change: -2.48%

Average List Price: $228,013

Month-Over-Month Change: +4.26%

Median List Price: $135,000

Month-Over-Month Change: +6.34%

Typical Property

Land
3.75 Bedrooms
2.71 Baths
$228,013 Average List Price
$135/SqFt Average Price per SqFt.

Average Price by Bedrooms:

1 Bedroom: N/A
2 Bedrooms: $103,200
3 Bedrooms: $245,350
4 Bedrooms: $393,556
5 Bedrooms: $441,876

Top 5 Most Viewed Properties

5450 River Woods Ct3 beds / 2 baths $285,000

3838 N Zeeb3 beds / 2 baths $149,900

7709 Huron River5 beds / 2.5 baths $174,900

1495 Baker Rd3 beds / 1 baths $94,000

8595 Huron River Court2 beds / 1 baths $59,900

Don’t go it alone. Learn the ins and outs of home buying. Get insider tips and create your investment strategy with the guidance of your seasoned real estate professional from The Toth Team – Jennifer Graswick. You can implement a plan today. Move in the right direction and take the first step to real estate investing whether you are a 1st time home buyer or a seasoned professional. Never a better time to invest in Real Estate with phenomenal interest rates and affordable investment opportunities.

To attend a Home Buyer Roundtable, in Ann Arbor, and for more information on how to register - click this link:

Home Buyer Roundtables.