Michigan home values are increasing. According to a recent report by the Federal Housing Finance Agency, Michigan home values are up an average of 9.43% in the last year. This puts Michigan in the Top 10 for home value increases.
The top states are those in the West, with Michigan and Minnesota standing out from the rest of the Great Lake States with higher than normal home value increases.
Nevada had the nation’s highest gains at 24.32% over the last year. West Virginia is at the bottom of the list with -1.78% loss in home values. It should be noted that West Virginia was the only state in the Country with a loss in home values. The rest of the Country was all in the positive. Continue Reading →
My husband and I attended a surprise birthday party last night, and one of the guests was a fellow Realtor® from a different firm. We spent the evening talking about everything from soccer teams to office pranks when the conversation eventually turned to real estate. He mentioned one of his frustrations is when someone hires him to list a house, asks for his advice, and doesn’t follow it. Then, after six months or longer on the market, the seller decides to switch agents, and that new agent tells the seller the exact same thing, the sellers listen and the house sells instantly. The new agent gets paid, the old agent gets nothing. I can’t tell you how often that happens, and it isn’t fun. 
It’s 4:30 am and I just shot an email over to my buyer requesting more documentation for our offer. To my amazement, she responds immediately. Why are we both awake so early on a Friday morning? One word: Stress!! We are both anxious about the offer we wrote on their dream home last week. There is always anxiety during the negotiation process, but when you add the pressure of a multiple offer situation, it makes it 10 times worse. 
