David Elya ABR, e-PRO, GRI - Broker Owner

Buy a Michigan HUD home with only $100 down and get $2,500 in closing costs!

• Revised Owner Occupant Sales Incentive as of October 1, 2008
  
  $100 Down Payment Finance Option (FHA financing only)
  $2,500 Sales incentive (for properties with a purchase price $25,000 or greater)
  
  Beginning October 1st, 2008 all owner occupants (excluding HUD approved non-profit organizations, Good Neighbor Next Door participants, and units of local government) will receive $2,500 at closing for properties with a purchase price of $25,000 or more.
  The $2,500 sales incentive can be used for the following items (for offers accepted after 10/1/08):
  
  

  · Closing Costs

  · Tax Pro-rations

  · Repairs to the home

  · Replacement of items in the home

  · Pay down the unpaid principal balance of an FHA insured Mortgage

  
  If the funds are used for repair or replacement of items the incentive will be deposited in a repair escrow account for FHA financed sales or reimbursed upon submission of receipts.
  
  The $100 down payment financing is available on most properties through FHA approved lenders. Please note that the $100 down offer applies if the purchase price is less than or equal to the appraised value of the property. If the purchase price is greater than the appraised value, the purchaser may obtain a new FHA appraisal to support the higher mortgage amount or must pay cash in the amount of the difference between the appraisal and the purchase price less $100.

Call David Elya 586-286-3283 for more info and a list of Michigan HUD properties

www.macombforeclosures.com

WEICHERT, REALTORS® - Excel, located at 47699 Van Dyke Ave., Shelby Township, is the new name of the former real estate agency of David Elya and Hank Mendez. It is now an independently owned and operated franchise with Weichert Real Estate Affiliates of Morris Plains, N.J. Elya is the agency's broker, and Mendez is co-owner. The office is home to 26 agents. Telephone: (586) 323-7000.

Weichert Excel

Read the Crains 03/10/08 article

In total, 14 new franchise offices joined the Weichert roster during January and early February of 2008.

http://www.weichert.com/pressreleases/PressRelease.aspx?art=340

New affiliates that joined the Weichert network include:

• WEICHERT, REALTORS® - Goodchild Homes, Palatine, Ill. Serving the Chicago area, this company is owned by broker Elizabeth Goodchild and her husband, David Goodchild.
• WEICHERT, REALTORS® - Real Estate Express, Houma, La. Debra Chauvin is the broker/owner of Weichert's first affiliate in the Creole State.
• WEICHERT, REALTORS® - ABG Properties, Louisville, Ky. The first Weichert franchise in Kentucky is owned by Brokers Allison Bartholomew and William Friel.
• WEICHERT, REALTORS® - Twin Ports, Duluth, Minn. and Superior, Wis. The two office company is owned by Kurt Bartell, Tom Bridge, and Brokers Bobbi and Steve Germond. The company marks Weichert's introduction to the Duluth/Superior market.
• WEICHERT, REALTORS® - Heartland, Faribault, Minn. Owned by Brokers Jim Barta and Larry Harn and Realtors Lori Gustafson and Jeanne Taylor.
• WEICHERT, REALTORS® - Downum Group, Springdale, Ark. Broker Bob Downum and his wife, Sandra Downum, are the owners of Weichert's third Arkansas franchise office.
• WEICHERT, REALTORS® - Excel, Shelby Township, Mich. Serving the Detroit Metropolitan area, the company is owned by Broker Dave Elya and Hank Mendez.
• WEICHERT, REALTORS® - Miller Associates, Menomonie, Wis. Broker Raimi Hainstock's company is Weichert's third franchise in the Badger State.
• WEICHERT, REALTORS® - Cook And Company, Billerica, Mass. Broker/owner Kim Cook's company increases the Weichert network of office serving the Boston area to 10 offices.
• WEICHERT, REALTORS® - Elite, San Diego, Calif. The first Weichert franchise in San Diego is owned by Brokers Mark Marquez, Donna Sanfilippo, and Erik Weichel.

Weichert Real Estate Affiliates launched its first franchised office in January 2002 and currently serves some 330 markets in 35 states.

Weichert has nearly 18,000 sales associates in more than 500 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, Weichert's customer service center can be reached at 1-800-USA-SOLD or at Weichert's Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.

Macomb Township Michigan real estate residential market report for February 2008

I have prepared a report of the home sales data in Macomb Township Michigan for the month of February 2008.

The information below is gathered from Mirealsource Multiple Listing Service and represents those homes sold by participating real estate brokers and agents and does not include data from private sources.

For the period of February 1, 2008 through February 29, 2008:

Total homes sold: 38

Total condos sold: 12

Average sales price for homes: $245,635

Average sales price for condos: $153,251


If you would like more detailed information in regards to the market value of your home in Macomb Township Michigan please don't hesitate to contact me either via phone or email.