Canton, MI Real Estate News

By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Whether you are buying or selling Canton real estate here are 18 potential re-sale problems: 1. Unusual Easements or RestrictionsIf unusual easements or restrictions were not disclosed up front, you may not be aware of them until you see the survey and title work. If you discover these, I suggest that you take a step back, and consider whether you will accept an unusual easement or restriction on your use of the property. Some examples: neighbors may cross the property to get to common areas, pets are prohibited, or major utilities cross property . 2. Lack of Yard If a Canton home has much less yard area than others in the neighborhood, buyers tend to eliminate this choice. A steep slope may make the grounds difficult to use and maintain. Yards that have been terraced or landscaped may ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I think our lawmakers should step up and make it illegal to "strip" a home.  They should make the owner liable for the loss of value.  I read a blog about stripping a home from a fellow Michigan real estate agent tonight and it got me thinking. What  is stripping ?..... stripping is when the homeowner that is in foreclosure takes parts of the house.  Many foreclosure homeowners will "strip" / take light fixtures kitchen cabinets toilets furnaces hot water heaters jetted tubs doors landscaping You see it's not illegal to do it when they own the house.  But what I propose for legislators to do to make it a crime and to have the mortgage holder be able to put a judgement against the foreclosed homeowner for loss in value of the home. You see stripping hurts the values of the surrounding ho...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I had a great day!  I lost a Canton home deal today.  But it was a great day.  I could have made over $6000 on the deal.  But it is great that I lost it!  it's great that I didn't make money today. You see between the home inspection and the client checking the Michigan sex offenders list and finding out that there was a sex offender living down the street they backed out of the deal.  I called my police friend to ask a little about it.  I never really dealt with this before.  You see you can become a sex offender if: you urinate in public and people see you touch a child inappropriately if you are 19 in high school and have sex with a sixteen year old that goes to the same school The sex offender label is broad and sometimes labels a person wrongly.  Many times the simple stupid things...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here is a quick update on the metro Detroit real estate market on the under $125,000 price range.  Right now there is only about 26 days left for Metro Detroit first time home buyers to get the $8000 first time home tax credit.  So the Metro Detroit real estate market under $125,000 is red hot.  There aren't very many low ball offers going in.  If you put one in your probably aren't going to win the house.   First time home buyers are scrambling to find a home before the deadline runs out.  So if you aren't a first time home buyer and are looking to buy right now you are most likely going to get involved in the bidding wars. My clients have lost a home where the house went $21,000 over the list price of $46,000.  Sure the house was still a deal at that price but that is still a huge inc...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
October is Cancer awareness or Breast Cancer month but it is never to early to start talking about it.  My wife Marianne is a three time cancer survivor.  Her cancer was discovered the first time over 19 years ago.  We have had our good times and rough times because of cancer.  But she is alive because she went to the doctor and continues to go to the doctor. I urge all of you to go see your doctor if you think something is wrong.  Delaying a diagnosis is far worse than fearing what may be true.  You can survive!  So get in and get checked out.  Whether you are male or female see a doctor. Russ Ravary
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
 One of the local stations has been commenting that Metro Detroit real estate is selling.  Metro Detroit home sales  are up!  It's true homes are selling quicker especially if they are clean, updated, and priced right.  They will sell quickly because of the first time home buyer tax credit.  There are lots of people out there looking for the bargains.  What you have to realize is that many of the great deals are being sold for cash or have little problems that you have to look past.  There are only 109 days left to CLOSE ON A HOME in order to claim the first time home buyer tax credit.  So really you have only 79 days left to find a home.  Not much time.  I don't know if they will extend the home buyer tax credit or not.  I don't think anybody can guarantee that they will.  So if you wa...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I had a call from a Metro Detroit first time home buyer that wanted to know if there were any Canton condos that were deals.  Canton Twp Michigan is a great place to live and there are some great condos for a buyer in any price range. Right now there are 198 Canton condos for sale ranging in price from $29,999 to over $286,000.  And 104 of them are $100 a square foot or less.  That's quite a few to choose from.  There are 45 Canton condos that are under $75 a square foot. There are 4 first floor ground units that are less than a $100,000 and less than $75 a square foot.  But there are over 22 Canton condos that are first floor ground units.  There are 11 Canton Condo foreclosures ranging in price from $47,500 for a 1165 square foot condo all the way up to $239,900 for a 2900 square foot...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Canton MI photos          Every year on Fathers Day weekend Canton Twp                   has a festival for its residents and whoever else wants to come.                                  They call it the Liberty Festival                                                                                                             They have a car show that is part of the Liberty Festival                                        There are various tents set up around the                          festival for local merchants          local churches and local clubs and restaurants                                                               The boat club had their little motorized boats                          skimming across the water                I had these potato chips                    ...
Comments 2
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
The number Canton foreclosures of  has gone down dramatically since last year.  Right now there are only 26 Canton foreclosed homes for sale.  They range in price from $49,900 all the way up to 367,900. The average time on the market for these Canton foreclosed homes is 71 days.  In the last 30 days 19 Canton foreclosures have sold.  The average time on the market for the Canton foreclosures was 71 days.  In the last year 174 Canton foreclosures have sold. So if you look at that statistic there is less than a 2 month supply of foreclosures in Canton for sale. in the last month: The lowest price per square foot for a Canton foreclosure was $45.66 and the highest was 87.04.  The average price per square foot was $69.81 I think this will continue to be like this until the end of the year. ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Yes you heard me right.  I think you are crazy to list your home as a short sale.  The only reason I believe to list your home as a short sale is if your bank releases you from any liability of the shortage or if you morally don't believe in foreclosure. I hate to say it but the only people that really make out are the banks and the real estate agent.  Yes you heard me right again.  It benefits a real estate agent to short sell your home.  But some agents don't explain everything to you.  IF YOU DO A SHORT SALE YOU COULD BE LIABLE FOR THE LOSS BETWEEN WHAT YOU OWE AND WHAT IT SELLS FOR.  What are you crazy?  Why would you open you and your family up to a long term debt on something you don't own.  I'll say it again.  ARE YOU CRAZY? The reason you do a short sale or a foreclosure is beca...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I was out on the lakes this morning getting pictures for my new company website and my old Oakland County Lakefront real estate website.  It was beautiful sunny and about 80 degrees by noon.                                 Then this afternoon the weather changed.  We have a saying in Michigan about the weather  "wait a minute it will change.  It's dark, windy and pouring rain. This month we have gone from 45 degree weather one day to 80 degree weather the next.  The record Metro Detroit temperature was 15 degrees and the high was 90 degrees.  The average April high temperature for Metro Detroit is 57 degrees and the average April low temperature for metro Detroit is 38 degrees.   The average April mean temperature for Detroit Michigan is 48 degrees.   The average April rainfall for Mich...
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By Robert Shumake
(Inheritance Capital Group, LLC)
Most people would say no, because they don't have the cash to get started   Detroit, MI - Earl E. Bird, III, recently spoke at a real estate investor's meeting.   No introductions were necessary as the group already heard him speak before and they were anxious to hear more from him.   Earl Bird asked, "Are you ready to be the next Donald Trump?"  This simple question had everyone's attention.  "Many people want to learn how to make the big bucks when it comes to real estate investments; generally this means getting involved in commercial real estate.  This is how Donald Trump got started."   One investor said, "Most of us don't have the money that Trump has, so how is possible for us to make such a large investment?"  Earl explained, "Even in commercial real estate, it is possible to st...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
If you are from out of state and have a Michigan relocation in your future Canton is a town you should look at.   Canton MI is a town that has easy access to major freeways.  A short commute to Ann Arbor or Downtown Detroit.  Only a short trip to Detroit Metro airport makes it great for business traveler.  Canton or Canton Township are one and the same community.  Metro Detroiters use both those names but they are one and the same community.  Canton Township officials have carefully planned the growth of Canton MI.  It has grown quickly from a farming community to a community with beautiful parks and nice subdivisions.  With homes ranging from $150,000 to up to $450,000 there is a home style and size for any potential Metro Detroit home buyer.  A safe place to raise a family.  A place t...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Whether it is a Metro Detroit foreclosure or any home for sale pet problems can sink a home sale. In the last two days my clients and I have been in some homes that were nasty.  Yesterday I was in an $80,000 Canton home for sale.  It was nasty.  The basement smelled of cat urine.  It was so bad I was gagging.  I had walked into the house before my clients and had walked through before they got there.  I told them not to go down there but they went down anyway and running up.                                                                                         It was a Canton foreclosure but that basement is going to cost the bank $10,000 to $20,000 because it stinks so bad. Today we were in a $200,000 Farmington Hills foreclosure that had the same issue.  At least the listing agent wa...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Right now I am showing Canton homes to a young first time home buyers.  They have it in their mind to find this certain house.  They were looking with another Canton Realtor for six months before they called me.  They told me that the Canton Realtor wasn't showing them what they wanted to see. Unfortunately I am in the same boat.  They want a house that is $50,000 out of their price range.  And what the want is more likely to be in Plymouth, Westland, Garden City, or Livonia than in Canton.  They are looking for a subdivision that has mature trees.  Trees that you get the whole yard full of shade.  Canton has a few subdivisions like that but not many.  Much of Canton was farm land.  So when the subdivisions were built they started planting trees. Many trees are not very big.  These Metr...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
PMI cancellation With the current housing market in shambles many homeowners are going to be forced to stay in their homes.  They can't refinance out of PMI in most cases because home values have fallen.  So homebuyers that have PMI want to know how to get out of it. 78% rule- one you pay down the principal balance down to 78% of the original sales price your PMI should automatically be stopped.  Because of the Homeowners Protection Act of 1998 once you have 22% equity in the home your PMIshould be cancelled.  This only applies to mortgages that originated from 1999 and after.  These rules do not apply to FHA or VA mortgages or mortgages with lender paid PMI. 80%  - if you have 20% equity in the house you can ask your lender to remove the PMI.  This is one section people get confused on...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Let me give you a tip on how to sell your home.  Make it accessible.  Make it easy to show.  Nothing is more frustrating to a buyers agent than to have to re-arrange the showing schedule because we have to meet some seller or listing agent at a certain time at a specific time. If you have to be there to let the buyer in, or have to have your listing agent there when somebody comes to look at your Metro Detroit home.  Then you are losing showings.   Put a lock box on the home. Sometimes it just is not possible to see the home or to re-arrange our schedule to meet you at a specific time.  I myself work with a lot of Michigan relocation buyers.  We have sometimes only have 2 days to find a house.  So if we are seeing Canton homes in the morning and Plymouth homes for sale in the afternoon ...
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Hello ActiveRain community!  I have been putting off getting out here and introducing myself for several weeks. No more procrastinating.  There's been a lot for me to sort out as I begin my journey into Real Estate Investing. For several years now I have had a desire to find ways to develop sources of passive income to help facilitate an early retirement from a regular day job.  There are many challenges ahead of me given the nature of the real estate industry as well as the ever changing state of our economy. However I am grateful for the following: 1) My background in music which has given me strong interpersonal/communication skills. 2) A career change into Information Technology 8 years ago which has given me the ability to learn and adapt quickly. My current status in real estate i...
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By Prudential Select
(Prudential Select Real Estate)
                Two Great Names...One Powerful Strategy  Online Seller Advantage (OSA) brings together the collective brand strength, marketing clout and technological capabilities of Prudential Real Estate and Yahoo! to empower home sellers like never before. Only Online Seller Advantage subscriber listings are marketed as "Featured Properties" through Yahoo and Yahoo Real Estate. Only Online Seller Advantage subscribers can promote their listings with the unique Yahoo sign rider and Web ID. Online Seller Advantage properties can be highlighted by distinctive Yahoo sign riders, with exclusive Web IDs. Through the Yahoo home page or Yahoo Real Estate, Web IDs connect potential home buyers directly to complete listing details about featured properties such as yours. Which means buyers c...
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By Prudential Select
(Prudential Select Real Estate)
In assessing the needs of our corporate clients, we have established a team of 10 Relocation Specialists. Our specialists represent each of the company's market areas and must complete an indepth certification program. Each agent on our relocation team, has made a committment to the needs of our corporate clients, transferees, and their families. Getting started is easy. Call our Relocation Center at 734-981-5700 and we will find the best relocation specialist to fit your needs.  Seller/ Departure Services   Home Marketing Assistance OSA (Online Seller Advantage) Property will be advertised on 17 websites Postcards Sent to Surrounding Area E-cards Community Presentation Folders   Buyer / Destination Services   Buyer/ Renter Services Area Tours Relocation Package Buyer Agency / Contract ...
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