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Russ Ravary - Michigan Homes for sale - Michigan Real estate & Mortgage info

Why an Open house may not work when selling your Northville home

Selling your Northville home you should use ever sales tool possible but what about open houses. Very very seldom does a open house attract a qualified buyer that will buy your home. I myself believe open houses are more likely to be successful in a starter home price range.

A $400,000 priced Northville home probably isn't a candidate for open house success. You are more likely to get qualified buyers that will buy your home if it is under priced under $200,000. That is the price range that I believe you will have success with open houses.

A $300,000 plus home open house will usually only get lookers.

  • People who have nothing to do for the weekend.
  • People who are looking for decorating ideas
  • People that want to see how the other half live.
  • people that are out for a weekend drive and the house happens to be on the route

So my advice to potential Northville home sellers don't waste your time if your house is priced over $300,000. The only person that benefits is the real estate getting some new clients. These are just my thoughts. If you have any questions about selling your Northville home give me a call or email me with any questions.

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Ah the day in the life of a metro Detroit realtor

This is just another day in the life of a Metro Detroit realtor.

  1. First I got a call from one of my clients. He was all upset. He kept slipping into his native tongue but I got the gist of the message. He went by the house we are supposed to be closing on. Well the seller is supposed to be replacing the driveway concrete by the street per city inspector. Well they did that. But they took the old concrete and wheeled it a hundred feet and dumped it behind the garage. Did the seller really think we wouldn't notice? So I had to call the agent and tell him we won't be scheduling the closing until the cement is gone from the property.

Then I got a call from my Redford buyer. The underwriter has decided even though the furnace is working per furnace inspection. The wording said "furnace is running hot" so the underwriter said to replace the furnace. So I called the listing agent to try to work this out.

Then two hours later I get a second call from my Redford buyer. Besides a new furnace wanted by the underwriter. The new appraiser that went back to check on the repairs has now added two more repairs. Of course the mortgage company loan officer or "client care specialist" hasn't called me. So I have to write them an email to find out what is going on and what is exactly needed. Then I am going to have to try to get the listing agent to have the bank do the repairs.

Then at 7:00 pm I get a call from another buyer. She's all upset with the mortgage company. She's about 60 days into a loan and they still don't have a clear to close. They didn't start asking for certain items until about 40 days into the loan. Tonight when we are expecting a clear to close they are asking for a student loan deferment letter. Why didn't they ask for this 40 days ago!!! Poor underwriting and operations is my guess. We are supposed to be closing on Monday. Unfortunately it's the same mortgage company as #2 and #3. So I'm not real excited.

Unfortunately this company is big and they tend to blame everybody else. When they blame the underwriters, or people in the company they talk in the 3rd person. As if it isn't their company. They even tried to blame their client for not getting the info to them in 4 days. It was the 54th day into the loan when they asked for it.

Of course I had asked the loan officer 30 days into the loan if they needed anything but he said they were fine. Now they are piece mealing everything. They keep asking for more. Hey it's 60 days into the loan. I call but there is no answer. So I have to send off another email to see what is going on.

I hate it when the clients are upset. But I will track these people down and get the problems worked out.

In the picture of Metro Detroit real estate

I just blogged about a bad agent so I thought I should be fair and show that there are some great real estate agents in our Metro Detroit real estate market. So here is my hats off to Ralph of Century 21 Row .

Ralph is one of those REO agents that responds. I don't even know if he has an assistant. All I know is that when I email or call Ralph he responds. In a real estate agent that is a great quality. It makes the whole real estate deal go smoother.

Another thing about Ralph is that he doesn't pass the buck on getting his banks to do the repairs required by the mortgage company. Not like some agents that turn a blind eye and make us get the repairs done one way or another.

So here is a big thanks to you Ralph.

http://www.iclipart.com

Does anybody have a job for this guy?

I know this guy who needs a job because he can't be making it in the real estate business. First of all we put an offer in on his listing. It took 2 1/2 weeks to get the original offer accepted and there was not one single change.

No counter offers. Nothing. That should have been a clue. Then we gave the mortgage company 45 days to get the deal done. But again when I called the listing agent to schedule the closing it came out that he forgot to schedule the city inspection. This was 40 days into the deal.

He wanted my buyer then to take responsibility for the repairs and the costs because of his failure to order the city inspection. Of course we said no. He got the city inspection done finally. Then this bright real estate agent hired a unlicensed contractor to pour a new piece of concrete. So the city stopped the job. Now he has hired a new contractor and hopefully it will get done. It is only a couple of weeks past the contract date.

http://www.iclipart.com

So if you are looking for somebody that:

  • doesn't respond to emails or phone calls
  • or fails to follow up on specific tasks
  • or fails to research details of a job
  • doesn't know how to negotiate
  • procrastinates

this guy is for you. Please hire him and get him out of the real estate business!!!! Save his clients money and other real estate agents grief.

Stonewater Subdivision Northville Township MI

Here is the latest Stonewater Subdivision market update that is located in Northville Township Michigan.

Stonewater sold homes Northville MI
ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
48189 FOUR SEASONS BLVD 799900 200000 249 43.057 4645 2009
48391 BINGHAMPTON DR 260900 248000 17 66.8463 3710 2003
18417 STONERIDGE CT 379000 310000 9 64.5833 4800 2007
48325 BINGHAMPTON DR 425000 410000 38 118.0875 3472 2000
49200 PARKSHORE CT 344900 425000 22 124.269 3420 2005
17532 WILLIAMSBURG CT 475000 476000 6 120.5063 3950 2004
48641 STONERIDGE DR DR 499000 65 3796 2000
18477 STONERIDGE CT 499000 1 4400 2006
18845 OVERLOOK TRL 489900 523000 6 124.8507 4189 2006
48687 STONERIDGE DR 649900 562000 9 129.8221 4329 2004
18393 STONERIDGE CT 650000 620000 237 127.4933 4863 2009
18568 CLARIMONT CIRCLE 629900 12 4200 2009
17865 PARKSHORE DR 604900 650000 14 149.0825 4360 2001
18240 CLAIRMONT CIR 739000 690000 51 163.5071 4220 2000
18355 FIDDLERS COVE CT 749900 742000 105 154.7445 4795 2004
48490 STONERIDGE DR 699900 743999 46 169.0906 4400 2006
48820 WELLSLEY CT 1299999 1166000 67 181.96 6408 2008

Some of the Stonewater homes that have sold for the very low prices were what I would call the non premium lots. As they say location, location, location. But if you want to get into a great sub cheap and you like the house then location may not matter. For more on Northville real estate check on out my other websites.

Search Northville foreclosures and Northville homes for sale

Comp and listing info courtesy of Realcomp LTD II. Homes sold by various member Realtors