Royal Oak, MI

Market Analysis for Royal Oak Michigan October 2009

Active & Sold October 2009

Active & Sold September 2009

Active & Sold October 2008

November 1, 2007 – October 31, 2008

November 1, 2008 – October 31, 2009

Monthly market analysis October 2009 for Royal Oak Michigan compares only median sold price of residential homes sold in October 09 with September 09 & October 08; year ending October 08 with yr ending October 09. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak September 2009

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Royal Oak Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.

This is a Royal Oak Short Sale that I listed and closed. My seller needed to sell. He was stuck in a predator loan with a very high monthly payment. The balance of this loan was so high; I don't know how the borrowers could have qualified. The loan was a no doc, stated income "liar loan". The fees on the refinance were so high it was criminal.

The seller could not afford the loan in the first place and with the economic downturn he was certain to be foreclosed on. The Seller and Buyer were both thrilled by my services. Without a Short Sale, the seller would have been foreclosed on. This would result in years of debt and probable litigation.

PROFILE:

Location: Downtown, Royal Oak, MI

Type: Duplex 1930's, great location.

Condition: Need of some repair. Also need a variance to keep the multi-family zoning.

Lender #1: Homecomings Financial

Amount Owed: 310,000

Sold Price: $195,000

Negotiation time: 2 month

Amount owed by seller post closing: zero

Seller's out of pocket costs: 0

Hardship: loss of income, failing business and need to reduce expenses.

Happy Seller, Happy Buyer and One less Foreclosure in Michigan.

Call me, I can help

Sell My Home to Stop Foreclosure Now

Mike Sher

Office: (248) 644-4700x242 Fax :(248) 499-1020
4120 Telegraph Rd, Bloomfield Hills, MI 48302
E-mail: mike@mikerealtor.com

Blog/Profile: http://activerain.com/mikerealtor Web: www.mikerealtor.com

Linkedin: http://www.linkedin.com/in/mikesher CDPE: http://hosted.cdpe.com/MikeRealtor/

he Mike Realtor Team Blog - Metro Detroit/Oakland County

Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City

But, We Can Help!

This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.

I met with a Clawson / Royal Oak / Troy first time home buyer for the first time tonight. We had spoken on the phone on Tuesday on what they wanted. They wanted to buy a home in Warren, Clawson, Troy in the $80,000 - $120,000 range. One of their priorities was a good school system. The husband wanted a lower price house and the wife wanted a bigger home.

I set up some homes for them to see on the lower end of the price range. I met with the husband tonight at the first house. I had six homes set up to see. After showing him the first house we got to talking.

I learned that their priorities we school system. They wanted either the Troy school system or the Clawson school system. The kids were in the Troy school system but going there thru Grandma's home address. I asked him what would happen if the kids were kicked out if they were found out not to be living in the school district.

He sat back and thought about it. I think he realized he would be dead if he convinced his wife to buy a lower priced home in Warren and then have to put the kids in Warren schools. He said it would defeat the whole purpose. He would own a cheap house in an area that he doesn't want his kids going to school. They wanted the Troy school system.

By talking about what was most important to them we were able to concentrate on areas and homes that fit their criteria.

Russ Ravary your Metro Detroit real estate agent

Search Metro Detroit real estate and get the latest listings emailed to you

Royal Oak Michigan Market Analysis Homes Sold for September 2009

Active & Sold September 2009

Active & Sold August 2009

Active & Sold September 2008

October 1, 2007 – September 30, 2008

October 1, 2008 – September 30, 2009

Monthly market analysis September 2009 for Royal Oak Michigan compares only median sold price of residential homes sold in September 09 with August 09 & September 08; year ending September 08 with yr ending September 09. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Royal Oak Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.

August Market Analysis for Royal Oak Michigan

Active & Sold August 2009

Active & Sold July 2009

Active & Sold August 2008

September 1, 2007 – August 31, 2008

September 1, 2008 – August 31, 2009

Monthly market analysis August 2009 for Royal Oak Michigan compares residential homes sold in August 2009 with July 2009 to determine the # of homes sold for the month and increase/decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In latter 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated. To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Royal Oak Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.