Looks like you are in my backyard. Check out some new construction in Novi. There are several developments that are building smaller homes, both ranch and 2 story. The two story will have the "master bedroom" on the first floor w/2 others upstairs. They call it 'aging in place' units with lots of little touches for older folks. Master bedroom can be a man cave for younger families, or a first floor master when you don't want to do stairs. Robinston Lakeview homes will be within a stones throw of Walled Lake lake and two parks. Nice area..... Some other developers are building the same near the hospital off Grand River. Live in the country while easy access to everything city.
Every market is different, and I’m sure you know yours. Those of us in the peanut gallery just want to see you get what you want!
not sure where you are, but the same situation exists here in north florida. real estate is utterly booming. folks getting MULTIPLE full price offers within 24 to 48 hours...never seen anything like it before.
great time to sell! notsomuch to buy it appears though!
no doubt it is related to the crazy low interest rates on 30yr mortgages being offered! refinaning for a 15 or 20 in the 2.5% range is also appealing!
Maybe there will be more homes on the market after Labor Day and the short term rentals finish for the summer?Brian, I'm in MI, in the Detroit Metro Area, which basically means a suburb of that area. In our state the housing market closed down in early March when the Governor shut our state down. Starting in June, we could start looking at houses and from that point on the market went nuts all the home in our area are selling at or over asking price. Because we are looking for lakeview or lakefront and a small site condo or small home, an not man folks are putting their places up for sale the market is insane and you have to watch for new homes every second or you lose out...
I was a realtor about 20 years ago when my kids were younger and I wanted to supplement my income and I have never seen a market like this one in my lifetime.
And??????
Maybe there will be more homes on the market after Labor Day and the short term rentals finish for the summer?
Did you make your offer yet?
We just talked to our realtor and the listing agent is reviewing the 4 offers with his clients today and they hope to have an answer by 7:00pm tonight...I'm on pins and needles...
Now we just wait....
Good luck. At least it's only four offers! (Crazy that we are even thinking that way, lol).Hi KLPCA, yes, we made the offer Saturday night, the realtor had 10 showings on Saturday and 8 showings on Sunday. The house listed on Friday but the first showing was not allowed till Saturday after 2pm, we had the first slot at 2pm. The listing agent told everyone that all offers were due by Sunday night at 11:00pm. So today is the day they will look at the offers. She told my realtor that 4 offers came in, with ours being 1 of those 4. So we are competing against 3 other folks
Sugarcubesea, I've got to say, I REALLY admire your grit! That is just too much stress added on top of everything else these days! You have the heart of a lioness to keep at it! I hope those four leaf clovers seal the deal this time!
We've been long distance shopping for a home in Sedona and Reno/Tahoe, and have seen prices go up by 30-50% this year. It's time for a reality check.
Hi KLPCA, yes, we made the offer Saturday night, the listing agent told our realtor that they had 10 showings on Saturday and 8 showings on Sunday. The house listed on Friday but the first showing was not allowed till Saturday after 2pm, we had the first slot at 2pm. The listing agent told everyone that all offers were due by Sunday night at 11:00pm. So today is the day they will look at the offers. She told my realtor that 4 offers came in, with ours being 1 of those 4. So we are competing against 3 other folks
We just talked to our realtor and the listing agent is reviewing the 4 offers with his clients today and they hope to have an answer by 7:00pm tonight...I'm on pins and needles, I talked to my parents attorney (who was a close friend to my dad and his daughter is now our attorney) and I spoke to our financial planner who made himself available to us all weekend. They both looked over our offer and looked at the comps and said we put a fantastic offer together. They feel that by us going in over asking, having an escalation clause, stating that we would pay the difference if it does not appraise, and putting 80% down should make us very strong in the eyes of the seller.
Even my financial planner told me that he was glad I made an offer on this home, he wants me to take the mortgage vs pulling money out of my investments / CD's.
Now we just wait....
I am hoping that you wrote a very personal note to be presented to the seller (when your offer is presented). Sometimes a nice gesture may balance the scales in your favor when there are close multiple offers.
We still have no news, our realtor touched base with the listing agent last night at 9pm and listing agent stated that because the home is in a trust and they have to get consent from all the beneficiaries, they need another day. I told our realtor that it's fine if they need a bit more time... Hopefully we will have an answer today...
I am hoping that you wrote a very personal note to be presented to the seller (when your offer is presented). Sometimes a nice gesture may balance the scales in your favor when there are close multiple offers.
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I don't disagree with you and when I first head that letters were "a thing" my eyes couldn't roll back in my head any further because I am a dollar and cents kind of person, but in our deal in March it was the deciding factor for our seller. He liked that my daughter was going in to teaching. So I guess that I put it into the "you never know" category. I know that the market has heated up since then so things may have changed. Our deal had three buyers and we all offered full asking - nowadays everything would have been over asking.I'm not sure notes from buyers make much difference in a volatile market. When I sold my Washington house in July, two of the five offers we received had nice notes from buyers submitted. My Agent recommended I set them aside and compare the five offers side by side, focusing on which was the strongest offer to buy. The notes were attached to the least strong offers, so in the end, it didn't make any difference. The Agent said in this market, the strength of the offer should be the deciding factor.
Dave
I don't disagree with you and when I first head that letters were "a thing" my eyes couldn't roll back in my head any further because I am a dollar and cents kind of person, but in our deal in March it was the deciding factor for our seller. He liked that my daughter was going in to teaching. So I guess that I put it into the "you never know" category. I know that the market has heated up since then so things may have changed. Our deal had three buyers and we all offered full asking - nowadays everything would have been over asking.