~MARYANN KEPREOS~ ~Oakland and Macomb Homes~

Washington Township Real Estate Market Report for the Month of February 2009

This report contains information for Feb 1, 2009-March 1, 2009. This report does not contain information on For Sale by Owners, or Sales not Report to the local real estate boards.

*12 Sold Homes with a total average of 197 days on the market. Total average sale price of $244,931. Out of 12 sold homes, 9 were foreclosed properties.

*4 Sold Condo with a total average of 109 days on the market. Total average sale price of $38,874. Out of 4 sold condos, 2 were foreclosed properties.

The market continues to look bleak in Washington Twp. with sold foreclosures continuing to drive property values down. I am a resident of Washington and I am sorry to report this news. I can always be reached for questions, comments or market reports in your neighborhood at (586) 703-8400 or maryannkepreos@kw.com.

Think Spring,

Maryann Kepreos

www.macombandoaklandhomes.com

Buying your first home is one of the most exciting things that will happen in your life. It is a wonderful feeling to know that you own your home. It will change your life and the life of your loved ones. The process is alot like riding a roller-coaster, with feelings that go from sheer happiness to all time lows. Hopefully you are working with an agent that is compassionate, patient and experienced. The new tax credit for First Time Home Buyer's combined with low, low prices, and tons of homes to pick from is a First time Buyer's Dream. Your agent should help you will any questions that you might have, and be there to solve any problems that might arise.

That leads me to the discussion of your mortgage representative. The person should be referred from family and friends, or maybe your local credit union or banker. Once you are ready to close on that new home, ask your mortgage repres. to attend your closing. The real estate agents can make phone calls on the day of your closing, but they can not track the money. It will save you and your family alot of headaches and worry. You have the right and should demand that they are present at the table. This is a exciting day for you, take the extra step to make the transaction smooth. Congrats on home ownership!!! It still is the American Dream.

To all Washington Township, MI residents-

There will be a open house at the Washington Twp. Center on 2/26/09 between 4:00-7:00 P.M. with DOT. They will discussing the upcoming construction at 26 Mile Rd. and M-53 Bridge. Bring your comments, concerns and questions for the professionals. The construction will be starting in the spring. I am a proud resident of Washington Twp. and am not looking forward to the headaches. The traffic in front of Meijers and Target is at a all time high. This is the time to voice your opinions and get answers. What do you think?

Spring is the selling season in Michigan.

How many listing agents are asking for a cert. of insurance from the home inspector who is conducting a inspection on their clients home? I had a house inspector recently tell me that he has only been asked 1 other time before, in 20 years of business. This was a very reputable inspector, but my job is to protect the seller. In this economy everyone is cutting costs in doing business. Sometimes this could be the first budget cut to make, especially if agents are not asking for it.

Don't get me wrong, I have nothing against inspectors. But, if this person slips and falls, who is responsible? Should your seller's turn a claim into their insurance company on a house that they are trying to sell? We should not get caught up in the sale, but ask to have the cert. faxed to our office.

Let's make everyone in the transaction accountable.