Home Buyers GuideAugust 14th, 2010
If you are currently living in an apartment that has been built in the last twenty five years, you are probably enjoying a number of great features and amenities.
Some of these features and amenities may include a modern kitchen, a large master bedroom with spacious closets, convenient laundry facilities, and perhaps a pool, tennis court, or even a
clubhouse to entertain friends and family.
If you are interested in purchasing real estate and becoming a homeowner, you may have to make some adjustments when moving into a Dearborn or Dearborn Heights area house that you can afford. The first step into home-ownership is usually a little difficult for anyone who has been a renter. After your first home has been purchased each successive house you buy will have more of the features and amenities that you would like to have. In order to get this process in motion, you must make the initial leap from renting to owning.
Here are some of the adjustments you can anticipate: Read more…
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The following quote was taken from an article that appeared on MSN Real Estate online on August 12, 2010. To read this article in it’s entirety click on the link below.
“The top 10 housing markets of the future #3 - Michigan
Biggest home-price increase projected in 2014: Detroit-Livonia-Dearborn metro
- Forecast 4-year price increase: 33.1%
- Current median price: $51,000
- Prices to reach trough in: 2011 Q2
- Median family income: $54,400
- Population: 1.92 million
Since reaching a peak in 2006, home prices in the Detroit area have fallen 60.5%, according to the Fiserv Case-Shiller Indexes. As homes have become more affordable — the median home price in Detroit is lower than the median family income — demand is expected to pick up. Prices are forecast to jump 33.1% over the next four years. George Moma, a broker with Century 21 Dupont Realtors, says the growing prevalence of short sales over foreclosures will help drive up the median price in the Detroit metro area. He adds that the area is attracting interest among international investors from the U.K., Dubai, Russia, India, Ireland and France.
Index used to calculate historical home price changes: Case-Shiller”
To read this article in it’s entirety Click Here
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“All Truth passes through Three Stages
- First, it is Ridiculed…
- Second, it is Violently Opposed…
- Third, it is Accepted as being Self-Evident”
- Arthur Schopenhauer (1778-1860)
Below you will find a brief summary of the current real estate market as of August 1, 2010 for Dearborn and Dearborn Heights Michigan.
If you would like a more in-depth and detailed report on the local Dearborn area real estate market please contact me by using the eMail link below or call me at: 313-274-7200. Be sure to ask for Steve Hatfield!
Dearborn Real Estate Market Update
Active Real Estate Listings – Currently on the market and for sale
- 579 - Single Family Homes
- 56 – Condominiums / Town Homes
- 57 - Multi-Family Homes
Pending Real Estate Sales – Sold but not yet closed
- 441 – Single Family Homes
- 19 – Condominiums / Town Homes
- 54 - Multi-Family Homes
Read more…
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A beautifully-landscaped property can work wonders when it comes to selling your home.
The Free Landscaping Ideas Blog offers these suggestions on how to save money without sacrificing quality or beauty.
- Make a plan that includes a schedule of tasks and rough sketches of your design to help you determine what items you need. For assistance, consult with an expert at a local gardening store or home improvement retailer.
- Plan the project in phases and purchase products as money is available. The phased-in plan also helps you avoid the interest and fees associated with home-improvement loans or credit card purchases. Read more…
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