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Home Debra Drummond | MichiganMoves Real Estate in SE Michigan

Debra Drummond | MichiganMoves Real Estate in SE Michigan

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Sellers Beware...Don't Make These 10 Mistakes

01-03-09
Debra Drummond | MichiganMoves Real Estate in SE Michigan
I follow lots of blogs to keep up on technology, particularly as it relates to real estate. One of my favorites is AgentGenius where the top real estate bloggers in the country post.

If you're thinking of selling your Plymouth home, you'll want to check out this recently highlighted video "How To Avoid the 10 Mistakes Home Sellers Make". It provides a great overview of all the areas you need to consider when getting ready to put your home on the market.



For more information or suggestions, feel free to call, email or text me.
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Icy Danger Lurking Overhead

12-23-08
Debra Drummond | MichiganMoves Real Estate in SE Michigan
With all the snow we've had so far this year, it's the perfect storm for ice dams to form on your roof.

What are ice dams?

Ice dams are formations that occur at the edge of a roof near the gutters or soffits when snow melts and refreezes. Icicles are often a telltale sign. Once formed, water backs up behind the ice dam pooling and infiltrating your home, which can cause significant damage.

The best prevention is adequate ventilation and proper insulation of your home to prevent an overly warm attic. Additionally, the roof should have a vapor barrier under the roofing material to help prevent an ice dam.

Keep a close eye on your roof to recognize if maintenance and/or repair is required when weather permits. And stay warm out there!

Photo courtesy of melaniejo
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November 2008 Market Report

12-22-08
Debra Drummond | MichiganMoves Real Estate in SE Michigan
It's been a crazy month with tons of economic news, and lots of it not so good. With the Detroit 3 thrown a lifeline just in time for the holidays, let's hope that the rest of the economy stabilizes soon so people start buying cars again.

The local real estate market had record sales again for the 11th straight month in 2008, with an increase of 20.5% over November 2007. Realcomp, our local MLS, reports that 2008 year-to-date sales increased 18.1% over 2007. Oakland County posted the highest percentage sales increase for November at 31.8%.

There are a couple of factors for the continued strong market activity. First, starter home sales (those valued up to $124,999) for first time buyers is up by 60% over last year. Secondly, inventory is down 17.72% and homes are priced aggressively. Lastly, interest rates are good and getting better. With the recent Fed rate cut, pressure is mounting to reduce mortgage interest rates. There may never be a better time to buy or refinance.

According to most economists, a recovery is not expected until late 2009. We're all in this together, so keep being thrifty, continue to tighten your belt, and hang on for the bumpy ride.

If someone you know is unable to keep up with their mortgage payment, have them check out HOPE for Homeowners by the Federal Housing Administration, US Dept of Housing & Urban Development for assistance options.

Here are some links to keep track of the important items that have happened this year: Mortgage Forgiveness Debt Relief Act Summary of Economic Stabilization Act by the National Association of Realtors Tax Credit to Aid First Time Homebuyers by the Internal Revenue Service
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At Long Last...Sheldon Road Underpass Opens

12-12-08
Debra Drummond | MichiganMoves Real Estate in SE Michigan
After two long years of construction and road closure, the Sheldon Road Underpass opened with fanfare this afternoon.

Sheldon Road connects Plymouth to Northville and provides convenient access to the M-14 expressway. Because of train traffic through Plymouth, it was decided an underpass under the tracks near M-14 would be the best way to alleviate traffic backups waiting for trains.

The two year road closure was a major pain in the neck for many people, including me since my office is in Plymouth. Thank goodness that's behind us!
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Want A $3.7 Billion Bailout for Michigan? Buy Local!

12-09-08
Debra Drummond | MichiganMoves Real Estate in SE Michigan
With all the bailout talk going one, here's an an idea I can get behind. Buy Local and Let's Keep Our Money in Michigan!

Buy Michigan Now challenges supporters to Think Michigan First to support and build a strong Michigan economy.

Download their holiday gift and grocery guides, and while you're there, Take the Pledge to 'think Michigan first'. Spend local to build a strong and diverse Michigan economy.

Here's a couple of stores to consider.

Michigan Made in Plymouth ships gift baskets with filled with Michigan products around the country. Those born in Michigan but living elsewhere can get a little touch of home (like Sanders).

If you're an art lover, check out the Art-is-in Market at Laurel Park Mall in Livonia, exclusively featuring the work of Michigan artists.

I'll leave you with this webvideo of Charlie Wollborg of CurveDetroit.com demonstrating how you can support the Michigan economy while food shopping.

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