Below is the Real Estate market update for Shelby Township as of Today.

492 - Homes are currently for sale

180 - Condos are currently for sale

of those 91% are private owners and 9% are bank owned

111 - Homes and Condos are currently pending a closing

78 - Home and Condos were sold over the past 30 days

It should also be noted that of the 672 homes and condos for sale 35 are short sales.

As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Shelby Township the rate is 10 months.

However, to speed up the process our sellers are given bi weekly updates and are e-mailed a daily status report, that details not only the homes hitting the market but also the homes that have sold. These 2 items help keep you abreast of your competition, so your home is Sold Faster.

For more information on homes for sale in Shelby Township you can visit us on-line at http://EdandCindyKnight.ListingBook.com or contact us at blog@edandcindyknight.com

Information taken MiRealsource, Inc and is deemed reliable but not guaranteed

Below is the Real Estate market update for Clinton Township as of Today.

573 - Homes are currently for sale

360 - Condos are currently for sale

of those 86% are private owners and 14% are bank owned

147 - Homes and Condos are currently pending a closing

105 - Home and Condos were sold over the past 30 days

It should also be noted that of the 933 homes and condos for sale 65 are short sales.

As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Clinton Township the rate is 10.3 months.

However, to speed up the process our sellers are given bi weekly updates and are e-mailed a daily status report, that details not only the homes hitting the market but also the homes that have sold. These 2 items help keep you abreast of your competition, so your home is Sold Faster.

For more information on homes for sale in Clinton Township you can visit us on-line at http://EdandCindyKnight.ListingBook.com or contact us at blog@edandcindyknight.com

Information taken MiRealsource, Inc and is deemed reliable but not guaranteed

When you owe more than what your home is worth - we call that "Upside Down"! Now if you go to the bank and ask them to take less than what you owe it's called a "Short Sale".

Over the past few years the Short Sale has become huge. However, due to the time it takes for the lender to answer us many never really work out. But just like people got around financing issues they are getting around the short sale.

Sometimes they are necessary and other times they are just Wrong. Let' say you lost your job and have fallen behind in payments, the bank may approve a short sale. But what if you just want to move because your home is to small. That is Wrong. So the lenders changed the rules so this would stop some of the phoney short sales. Keep in mind many of these homes are sold below market value, thereby reducing other homes in the neighborhood.

As they say when one door closes another one opens. The other day I heard about a local builder that would sell one of his homes to a buyer, then offer to buy there home. Sounds like a great idea right? Wrong! First they tell the buyer to get an attorney, come up with a hardship story and they start a short sale with the offer from the builder. In the meantime, they continue trying to sell the buyers home until the new home is done or until another buyer comes along. It is Wrong or is it Fraud? Did they explain just what would happen to the buyers credit rating? Do they even care what they are doing to the values in the area? Sure the builder, the real estate, the new buyer and the seller are all happy. But who pays for the loss? It doesn't just dissapear into thin air.

Then the next day I receive a call from a For Sale By Owner (friend whose upside down) who was contacted by a local real estate agent, who said he had a buyer. Of course, that was to get in the door. He proceeded to explain that he could help them sell their home by doing a short sale on their current home and then help them buy a new home. He told them his assistant does this all the time. Again what about the credit? What about the area's values?

This all sounds like a wonderful idea but what about the people left in the old neighborhoods? What happens to their values? Will this now create a snow ball effect? When does it stop? Can Fannie Mae and Freddie Mac handle anymore losses? Better yet what about our financial institutions? How much more can they take?

I have always enjoyed my real estate career and thought of it as "FUN". Like most new agents in the business when I started, I worked a ton of first time buyers and "Loved It". It was so much fun looking for that "Special Home" that would make them smile. As we went from door to door hoping the next one would be the "Right One". Come to think of it, looking for a home is like a women looking for the "Right Dress". You know pushing hanger after hanger on the rack until the "Right One" jumps out at you. Ed would always say "how are you going to find a dress when you just skip past all of them"? Well.. you just know when the "Right One" is there. That's how it was when I helped buyers find a home. I would Listen; take notes; Listen; ask questions and then go out on the hunt to find the "Right One". Back then it never took me more than 7-10 homes to find it either. It was so much fun watching the buyers get excited and smile all the way back to the office. Then 30-45 days later you would leave closing feeling so good. Like you did a good deed. The seller was happy, the buyer was happy and so were you.

Well I can honestly say I felt that way for many many years. But the business has changed here in Macomb County. Now we have to look at 10-20 homes because many are trashed. Today the buyers have access to so much it makes it hard to do your job. They pick the homes but many are not what they really want and they don't even know it. The seller is now a bank so there is no emotion, the bank agents are so busy they don't care about their fellow agents. On top of that gone are the days of presenting your offer too...now you just write it fax it and Wait. No more negotiating for your Buyer Client. The short sales well that's a whole other story. They take the steam right out of the buyers. Nobody seems happy anymore. If you do actually find a private seller they are upset because they are walking away with little or no money. Now it isn't only me saying this I am hearing it from other veterans in the business.

Then it started to Happened again we had a happy buyer, then another, then a happy seller. Last week we had several closings and they were all "FUN"! One of my sellers received a gift from their buyers and both were happy. Then my seller/buyer closed on a home and they were hugging the sellers of that home at closing, saying they would take care of their home. Then another seller (still a bit upset because she was losing money) was smiling again because the buyer was so darn excited.

I feel like a new agent again and think our market Just might be swinging the other way and that will make it Fun for all of us again.