Wednesday, February 13, 2008

Home Warranties

A nationally recognized home buying expert named Mike Marshall has written the best article ever on home warranties. He really exposes the good and the bad.

Here is a link to the article: Home Warranty Article

A couple years ago I produces a web video about home warranties that was hosted on our website. It is now up on youtube. You can see I share many of Mike's views.

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Wednesday, February 6, 2008

"The seller was insulted....."

As the most experience buyer's broker in the area I've heard that a lot. But listen, I don't insult sellers. Going back 24 years I almost never insult anybody.

But, a seller may be insulted by an offer if they aren't familiar with market values or purchase negotiations for real estate.

However, in the last year or so when we hear "the seller was insulted" it is usually ignorance.

We have a transaction being negotiated now in another area where the listing agent came back with that after we made a ~$480,000 offer on a ~$600,000 listing. However the home originally was listed at ~$700,000 10 months ago.

I have to ask the question:

Is a buyer insulted when a home is listed at way over what it is worth?????

Like a home listed at $700,000 that is reduced to $600,000 and still doesn't sell? Like this one?

$700,000 is 14% more than $600,000 which is still more than the home is worth.

I think the listing agent is full of herself and the sellers are misinformed.

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Friday, February 1, 2008

Chelsea Named Best Michigan Suburb By Newsweek

Business Week just named Chelsea as the best affordable suburb in Michigan. (See the link above to go to an MLive article on the award.)

I was just showing some Chelsea homes to a past client who is looking to buy a larger home.

Two of the homes were way overpriced and the third was a bit quirky. (Speaking honestly about homes is one reason home buyers look for Exclusive Buyer's Agents like our office.)

But, it is a great place and I congratulate Chelsea on the terrific award.