Lee Morof's Real Estate Blog

Accordingly to the recently released 2007 National Association of Realtors (NAR) Profile Of Home Buyers And Sellers, the number one reason given by For Sale By Owner (FSBO) Home Sellers as to why they attempted to sell their homes without Realtor assistance was to avoid paying a commission. An examination of the survey results indicates that home sellers should avoid the FSBO process altogether. First, in 2007, the by owner seller had a seven percent (7%) chance of selling his or her home to a buyer that they did not know. In addtion, according to the survey, the median sale price was thirty four percent (34%) higher for Realtor assisted sales compared to by owner sales. By owner sellers also indicated that the most difficult task they faced was understanding and preparing the paperwork necessary to sell their home.  If you’re thinking about selling your Southeast Michigan real estate, give me a call at 248-514-2640 or email me at info@NorthWoodwardHomes.com.

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640

Finally we have some good news for the North Woodward Area of Oakland County, Southeast Michigan. In January 2008, according to Metropolitan Realtor-March 2008 edition, Birmingham, Michigan saw home sales increase from January 2007 by almost 54% (fifty four percent) and listings down by almost 9% (nine percent) for the same period. In Beverly Hills, Michigan sales were up by 71% (seventy one percent) and listings were down by almost 2% (two percent). If these numbers continue, home prices should start going back up again in Birmingham and Beverly Hills. Any buyers who are considering buying in these areas may want to buy now or they might be priced out in the next few months. 

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640