CMA is real estate abbreviation for "Comparative Market Analysis." A CMA is a marketing report prepared by a real estate agent providing data comparing your home to similar homes in the marketplace that are close to yours and that have sold recently (within 6 months or a year). The realtor also
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09/20/2009
Here is a quick explanation of tax pro rations. In the Metro Detroit real estate market we pay our Michigan property taxes in advance. So whether you are buying Livonia real estate or Farmington Hills real estate you will owe the seller back the tax money they have already paid. I am just going
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09/20/2009
In order to buy a metro Detroit home you need to cover three major items. the down payment the mortgage companies closing costs the tax pro rations and escrow account setup I had one client ask me how much they needed. He wanted to buy a $40,000 Redford foreclosure or Livonia foreclosure. Thi
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09/20/2009
Here is what is happening in the Northville real estate market. In the last 30 days 8 Northville homeshave sold for more than the list price. If you look at the list prices and the sold prices below you will notice that many Northville homes have sold very close to list price. Northville homes
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09/20/2009
but I am slammed right now. I have quite a few buyers trying to cash in on the Metro Detroit first time home buyer tax credit. We only have about 40 days to get a purchase contract accepted if you need a mortgage. I have been going out 3 times a day with different buyers for the last 7 days. I
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09/20/2009
Yes most Real estate agents can tell the difference between serious buyers and people who don't think our time is valuable. I remember one person who actually thought I was going to stop at a garage sale for them. No I am not your chauffeur to a garage sale. I have stopped with clients at a con
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09/20/2009
I had a Metro Detroit first time homebuyer tell me today that he didn't look at any of the Metro HUD foreclosure home listings that were included in my email to him. He threw them out. I had to ask him why? He told me he thought HUD homes would be in the "hood". That a HUD home would be in th
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09/17/2009
I read another blog about an agent that was looking at how much real estate business that hasn't closed for them. She was trying to get her mojo back. She asked for our opinions. i didn't think a comment would suffice when you are down and out. Whether it is real estate business or any busine
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09/16/2009
Why you do you need earnest money when buying a Metro Detroit home? Earnest money is the deposit you make on the home when you submit your offer. Earnest money is deposited to show good faith and that you are serious about buying the house. The more you put down as earnest money the more seriou
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09/13/2009
Are you thinking of buying a Metro Detroit home and putting in a house offer but there are home improvements?Even when comparing exact model matches within a subdivision of homes, you should note whether the previous owners have made any substantial improvements. Cosmetic changes should be largel
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09/13/2009
