Northville Home For Sale On 2.8 Acres

   JUST LISTED $449,700

• SEV $379,450 (city value over $758,000)
• Seller paid $555,000 in 1996

This home will be coming on the market and available for sale here very shortly.  The home is currently being professionally staged by a company called Staging Places, to impress a buyer with the most discriminating taste. The sellers insist on putting a new $20,000 tear-off roof and touching up some interior and exterior paint before we list it for sale. The home is located in the city of Novi with Northville schools and a Northville mailing address.

The SEV on the property is $379,450. Which means Northville Township believes this property is valued around $760,000. The owner paid $555,000 back in 1996…

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Why A Realtor Would Overprice Your Home...

I was on a listing appointment the other day in Northville, Michigan and it came to the part of my presentation when the homeowner wanted to know what I thought we should list the home for. In this particular situation the comparable listings were very easy to spot in the neighborhood and the obvious list price was very clear to be between $450,000-$460,000 to be competitive.

They said "the northville real estate agent that was here yesterday said we should list around $550,000." I was shocked. Then they asked, why would a Realtor tell us $550,000 knowing that it would never sell?  He wouldn't make any money if it didn't sell, so why would he want to list our home at a price that wouldn't be competitive?

Well…

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Michigan Governor Granholm signed legislation enabling home sellers in Michigan to retain 2 prinicipal resident exemptions for property still on the market after the seller has moved elsewhere in the state.  The signing of this legislation is a huge step in aiding struggling sellers who have had homes on the market for over a year and have lost their prinicipal residence status on that property.

House Bill 4215, now Public Act 96 of 2008 sponsored by Representative Ed Gaffney enacts that the seller can retain an additional exemption for up to three years on property previously exempt as the owner's principal residence if the following circumstances are met:

        1. The property is not occupied
        2. The property is for sale
        3. The…

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It's no secret to self made millionaires, and independently wealthy individuals who have accumulated wealth through their own means, to do the opposite of what the common american is doing.  When most of the public is buying, there is a small group of individuals that are selling.  When the masses are selling in desperation and feeling like the sky is falling, there is an elite group that is buying and taking advantage of the opportunity.  This is the same 5% of society that has 95% of all the money in the world.  As a matter of fact most millionaires are made during a recession.

Our current Northville real estate market in Michigan provides opportunities that are being overlooked by many due to the emotional and financial pain associated with the…

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I know this will be hard to believe, but more homes sold in 2007 than in 2006 in Northville.  The Northville Real Estate market held its own in one of the toughest economies in the nation.  However the average sales price dropped by 9% in 2007. 

Northville Market Stats 2007 2006 # of Homes Sold 291      284      Avg. Sales Price $461,199 $505,376 Avg. Price Per Sq Ft ($/SF) $151.10/SF $164.88/SF Avg Days On Market 119 110 … Read Full Post

The Northville Real Estate market is bad, and getting worse.  If you are thinking about selling, and want the most money possible, then why would you wait for the market to continue to decline? 

If you played the stock market and you owned a stock that you were very confident was going to continue to go down for a couple years, would you sell now or wait and let it keep going down, while you are watching it?  I would hope you would sell it NOW.   The good news is once you sell your home now, you will have your pick to search homes for sale in the MLS in Michigan, come spring time.  We have every indication that inventory will be at its all time high come spring of 2008.  If you wait to put your house on the market, you may be competing against more than…

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The Top 10 Reasons why homeowners in NORTHVILLE, MICHIGAN sell their home for more money in a shorter period of time during the holiday season.

Higher Quality Buyers--Buyers that are out looking during the holidays are serious Northville, Michigan buyers and are ready to make a decision, unlike in the Spring time when everybody is out "looking at homes."

Less Competition--Serious buyers have fewer choices of houses to choose from, because most sellers wait until Spring to sell their home, therefore the less competition your property has, the better your chances in Northville to SELL YOUR HOME.

Homes Show Better During the Holidays--Houses in Northville "show better" when decorated during the holidays with the wonderfuls lights and festive…

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It's amazing how many times I am on a competitive listing appointment in the Northville Real Estate market, or for that matter any Michigan Real Estate market, and I pull out the market stats for that area and the seller has never seen them before.  For whatever reason, most agents know nothing about their market statistics. 

My question is how can a sales professional properly price a property without knowing in which direction the market is heading?  How can you price a property in todays real estate market and not know the following statistics?  I feel it's my duty as a sales professional in the Northville Real Estate market to inform people as to what the statistics are so far this year.  The numbers don't lie...  Without the numbers, a seller cannot…

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