Waterford has seen an improvement in the number of house sales over the past three months. Although the prices have stayed on a steady decline, it is considered a seller's market in every price bracket below $125,000.
The Absorption Rate Graph for Waterford is posted below.
6 Months Supply of Inventory = Balanced Market
Over 6 Months Supply = Buyer's Market
Under 6 Months Supply = Seller's Market
The Real Estate market in Clarkston has shown signs of improvement in certain price brackets. Like most area communities the market has greatly improved in the lower price range. Although these price brackets have also declined at record breaking percentages, at least the inventories in these price ranges have leveled off to the point we are now experiencing a seller's market in some price brackets.
View the Absorption Rate Graphs below to identify how the supply and demand impacts the market conditions.
6 Months Supply of Inventory = Balanced Market
More than 6 Months Supply = Buyer's Market
Less than 6 Months Supply = Seller's Market
$75,000 - $750,000 Graph 1 of 2
$200,000 - $750,000 Graph 2 of 2
We have some good news for you. With the challenges of the economy, we have created a program that will both provide a benefit to home buyers and also attract more of those buyers to your home. It is called the Home Mortgage Protection Program (HMPP) and it offers the buyers of your home peace of mind should they lose their job after purchasing your home.
The program is provided through the Rainy Day Foundation, which is a non-profit mortgage/personal finance counseling service. Their mission is to help homeowners who are having trouble with their mortgage payments under their Homeowners Education and Loan Protection (HELP) program. Within HELP they offer a Home Mortgage Protection Program, giving a home buyer some protection from job loss by paying up to six months of their mortgage payments if they lose their job within two years after closing.
There are only a few brokers across the country offering a program like this so it will make your home standout among the competition. The details of the HMPP are included in the attached documents. Our mortgage company, John Adams Mortgage, is coordinating the program with The Rainy Day Foundation and our loan officers will be happy to explain the program and answer all of your questions.
The program costs $550 and is paid by you from your sale proceeds, so there is no upfront money to get started. The basic rules are that the buyer can not pay for the program and it must be offered to all buyers (i.e. it can't be added to the purchase agreement after negotiations or at the request of the buyer). John Adams Mortgage is the only authorized lender for the program so the buyer must also place their mortgage through John Adams. In some cases the buyer may choose to trade out the HMPP program for another seller concession, in which case there will be no charge to you for the HMPP.
Contact us if you would like further information about this program.
If your home is currently listed with another broker disregard this as it is not our intent to solicit the offerings of another broker.
Kay Pearson and Robin Cutler
31 S. Main Street
Clarkston, Michigan 48346
248-860-0366
kaypearson@maxbroock.com
www.KayPearson.com
We have some good news for you. With the challenges of the economy, we have created a program that will provide a benefit to our home buyers. It is called the Home Mortgage Protection Program (HMPP) and it offers buyers peace of mind should they lose their job after purchasing their home.
The program is provided through the Rainy Day Foundation, which is a non-profit mortgage/personal finance counseling service. Their mission is to help homeowners who are having trouble with their mortgage payments under their Homeowners Education and Loan Protection (HELP) program. Within HELP they offer the Home Mortgage Protection Program, giving a home buyer some protection from job loss by paying up to six months of their mortgage payments if they lose their job any time within two years after closing.
There are only a few real estate brokers and mortgage lenders across the country offering this program. Our mortgage company, John Adams Mortgage has been approved to offer this program and the details of HMPP are included in the attached documents. John Adams Mortgage is coordinating the program with the Rainy Day Foundation and our loan officers will be happy to explain the program and answer any of your questions.
The HMPP cost is $550 and is available on any listing however, it can not be paid for by the home buyer. It must be paid for by the seller as a "seller concession". John Adams Mortgage Company (JAMCO) is offering this program to all qualified home buyers who obtain their mortgage loan from JAMCO.
Contact us for more information.
If you have executed an "Exclusive Buyer Agency Agreement" with another broker please disregard this post as it is not our intent to solicit business from another broker
Kay Pearson and Robin Cutler
31 S. Main Street
Clarkston, Michigan 48346
248-860-0366
kaypearson@maxbroock.com
www.KayPearson.com
OK.....we're not on fire but it surely is nice to have 7 offers in progress and a frenzy and concern that our inventory is dwindling. When my partner says we are losing our listings......it's great news when our inventory is dwindling because we are selling homes.
So.......look out. A fire has been set under my tooshie to get out and Look for homeowners who want to sell their homes in North Oakland County.
My partner, Robin Cutler, has completed the Certified Distressed Property Certification Course and we have successfully closed dozens of short sale and pre-foreclosure homes.
We Market Our Listings on over 40 Websites to Attract Buyers
While you can't help but become experienced in selling distressed property situations, we have several sellers who have maintained equity, and they too, need our expertise to maximize the return on the investment of time and pride
of ownership that is evident in their beautiful home.
"Our goal is to meet every buyer and seller's real estate objective with the least amount of turbulence."
Kay Pearson and Robin Cutler have sold hundreds of homes throughout Michigan. They sell primarily single family homes in North Oakland County, serving primarily, Clarkston, Waterford, Lake Orion, Rochester, White Lake, Brandon, Holly, and Grand Blanc.
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Meet us in Michigan! Your resource to real estate and community information for the Clarkston, Waterford area, including all of North Oakland County & South Genessee County
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Kay Pearson and Robin Cutler have been helping people buy and sell homes for over 25 years. "The Pearson Group's" listings can be found on over 40 websites, they invest in custom programs that enhance their on-line marketing, and plan to meet the desires of the buying population by offering more multi-media formats to increase results for their sellers. At the same time, they are committed to never overlook the feelings, preferences, and objectives of the people they are fortunate to get to know. "The Pearson Group" is affiliated with Max Broock Realtors, in downtown Clarkston. Max Broock has served the Clarkston community for decades. A recent acquisition with Real Estate One makes the "Family of Companies" the Largest Broker in the state of Michigan. Our company is a member of the "Leading Companies of America", enabling us to facilitate a move anywhere in the world. Kay and Robin travel occasionally to Florida and out west for the latest real estate education and are always glad to return to their roots saying "Meet us in Michigan"! Max Broock, Inc., 31 S. Main Street, 248-860-0366 
"The Pearson Group" of Clarkston and Waterford, Michigan
KayPearson@MaxBroock.com
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