April 2013

Found 22 blog entries for April 2013.

CoreLogic, "a leading provider of consumer, financial and property information, analytics and services to business and government," recently released its National Foreclosure Report, and it is nothing but good news for the real estate market.

According to the study, foreclosures have shown a 16 month steady decrease; in this past year alone, foreclosures have seen a 19% decrease nationwide.

The study also reports the five major states with the highest number of foreclosures, and Michigan weighed in as number three with 73,000. While this seems like dismal news for the state, the study also shows that the fastest decline in foreclosures is in major metropolitan areas such as Detroit.

With this information in mind, it is safe to say that the market is

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Lang Premier Properties has just sold another bank owned property in Sterling Heights, MI.

This foreclosure is a beautiful split level located in a quiet, clean neighborhood. It has curb appeal as it is surrounded by gorgeous and mature rose bushes. It also features a doorwall leading to a new patio, a semi-private, large, low maintenance backyard that is a perfect canvas for landscaping.

Inside there is a newly updated kitchen with ceramic tile, a large and open living room, and three bedrooms with one bathroom.

The two car attached garage and all included appliances make this home convenient for new owners.

Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including

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Lang Premier Properties has just sold another bank owned property in Royal Oak, MI.

This three bedroom, one bath brick bungalow is located in a highly sought after neighborhood just miles from the downtown area in Royal Oak and Clawson, close to Oakland Mall, and near an award winning private school.

Features include a basement foundation, two car garage, and hardwood floors. And, this home was sold as a foreclosure with the seller paying toward the new owner's warrenty of choice! In addition, new buyers were eligible for the Freddie Mac First Look Initiative.

Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including Royal Oak, MI short sales, foreclosures and working

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If you've ever gone through a real estate agent while selling a home, you may already be familiar with the fact that most agents charge about 6-7% comission on the sale. Would you think it too good to be true if you found an agent who would list your home for just 1%? Well, think again.

Lang Premier Properties will list your home for the incredibly low rate of 1% if you upgrade to a home valued at $250,000 or more. And, with the buyer's agent only taking 3%, that means that you are listing your home for only 4%. That is an incredible 3% difference.

But, does 3% really make that big of a dent? Check out our handy chart and see for yourself.

For more information about this program, contact Lang Premier Properties to speak with a knowledgeable

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If you've ever shopped for or sold a home, you know the wealth of information you can find about the listings online. One stat that is always available is how many days the home has been listed for sale. Buyers tend to steer clear of homes that have been on the market for long periods of time; the assumption usually is that the price must not be right.

But that's not always the case.

There are other factors that may keep buyers from touring your home.

Keep these things in mind when you're opening your home up to potential buyers:

  1. Be sure your home is easy to find and easy to walk around.
  2. If you are requiring notice to show your home, make sure it is not above 48 hours.
  3. Get a lockbox for your door to make it easy for your realtor to bring
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Whether you just bought your new home or you are trying to sell the one you are in, pest control should be on your mind. Most people know that an exterminator is an easy and effective way to rid your home of critters. But, they can be very pricey. So, how can you keep the bugs out of the house while keeping the money in the bank? Here are 5 easy ways:

1. Patch Gaps: Look for holes in doorways, basements, attics and siding that may let bugs in. Be sure to patch those up!

2. Keep Food Off Floor: Whether it is people food or pet food, keep it off the floor. Tidy up the kitchen and sweep often. Crumbs (human or furball) attract pests.

3. Invest in a Dehumidifier: Bugs like damp environments, so getting rid of excess moisture will keep them at bay.

4.

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Generation Y has started its venture into the real estate market.

Described as ages 12-30, there are about 90 million Generation Y-ers, and they are starting to look for homes.

Why Now?

With unemployment hovering at 10% for this group, and student loan debt higher than ever before, Generation Y-ers are usually described as "delayed". They are delaying many of the more "adult" activities in their lives until they are financially stable: marriage, children, home buying, etc.

The good news is that this generation is now starting to come to an age where their debt is decreasing, and the market is becoming more appealing for them; they can buy a home without much of a down payment at this point.

What Do They Want?

So, now that they are in the

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You're looking to sell your home and you are worried you may have to foreclose. Before you resign to that option, take a moment to consider a short sale. This may be just what you are looking for!

A short sale is a great option for someone whose home is worth less than what is currently owed on the mortgage. A short sale allows the seller to settle mortgage debts while selling their home.

Why else is a short sale a good option? By completing a short sale, sellers no longer have the worries of eviction or seeing their family home on the auction block. It is a real stress reliever!

Lang Premier Properties is one of Michigan's leading short sale agents. Contact us today to speak with a knowlegeable agent who can answer all of your questions and make

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Are you making a move to Southeast Michigan? As you probably already know, moving entails an enormous check-list of to-dos before everything is settled.

One thing that is often overlooked is getting the proper information about your new city services. Wouldn't it be nice if there was one handy sheet with all of the information that you need? Well, look no further!

Below you will find phone numbers and websites to multiple city services in and around Metro-Detroit. It's just one of the things we do to help your move be a sucessful and easy one.

City Services Guide

Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including Troy MI short sales, foreclosures and working

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While rates may be slowly climbing, we are still in the midst of some of the most affordable loans we have ever seen in the real estate industry. Depending on your credit, you can find a loan anywhere in the range of 3.5% (for a conventional loan) or 4.5% (for a jumbo loan).

For buyers, this means they can afford to purchase a little more home than what they would normally be in the range for. So, because you can afford more home, is this the time to buy? Let's think about it:

  • While they are low, interest rates are slowly increasing
  • Home prices are on the rise as well
  • Inventory of housing is at a low while buyers are continuing at the same rate; this means there is more competition on the market (a good thing for sellers!)

If you're

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