Steve Meyers
Answers To Real Estate Questions.com
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| Steve Meyers Agent/REALTOR®, ABR View Profile |
49433 Hayes Rd., Suite A
Shelby Twp, MI 48315
Phone: 586-997-5480
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Answers To Real Estate Questions.com
The Place To Buy & Sell Real Estate
Being the Best for my Clients...
Home Buyers and Sellers have their money on the line and I don't take that lightly. I make sure my clients have all the pertinent facts; that they understand the legalese contained in their contracts and disclosures and that they know their options. I won't sugar-coat the truth and always point out both the positive and negative in a potential decision. No one likes surprises in a real estate transaction; so I ensure that my clients know what to expect each step of the way from initial consult to closing.
I personally assist my clients from start to finish, and never hand them off to an assistant. I will be with you every step of the way.
Steve Meyers
| Steve's Real Estate Market Update | |
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Market Update: July’s market update for Macomb County and Oakland County’s housing market (House and Condo Sales) is as follows. In Macomb County Average Sales price was up by almost 3% and Oakland County Average Sales price was up by less than 1%. Macomb County’s on market inventory was up by almost 9% and Oakland County’s on market inventory was up by almost 13%. Macomb County average days on market was 24 days and Oakland County average days on market was 22 days. Closed sales in Macomb County were down by more than 8% and closed sales in Oakland County were up by more than 8%. (All comparisons are month to month, year to year.) By the long-standing historical definition from the National Association of Realtors (NAR) which has been in existence since 1908; a buyer’s market is when there is a 7-month supply or more of inventory on the market. A balanced market between buyers and sellers is when there is a 6-month supply of inventory. A seller’s market is when there is a 5-month or less supply of inventory. Inventory has continued to stay low. In July the State of Michigan inventory was at 2.7 months of supply. Macomb County's inventory was at 2.3 months of supply and Oakland County's inventory was at 2.5 months of supply. By definition it’s still not close to a buyer’s market. Steve Meyers
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Answers To Real Estate Questions
Question: I recently closed on my condo purchase. I signed a form called an Estoppel Certificate. The closer didn’t really explain well what it was. What is it that I signed?
Answer: An Estoppel Certificate is a document by which the Borrower acknowledges / certifies that the mortgage debt is a lien on the property for the amount stated. The Lender is then prevented from claiming that the balance due is different from the amount stated. This also comes in handy for the originating Lender if they sell the mortgage to another entity; the Borrower is prevented by this document to claim that they don’t owe the money. This document is often titled; Affidavit By Owner / Estoppel Certificate / Compliance Agreement.
©Steve Meyers
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Buying a Home? Not every home for sale in the area can be found on the Internet. Let my direct access to all the listings help you locate your dream home in the most efficient way possible. |
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Selling a Home? There are lot's of do's and don'ts when selling a home. Let me use my years of experience to guide you along a successful path of preparation, promotion and closing the deal. |
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Relocating to the Area? If you are moving to this area, I can provide you with helpful information so that your move is as worry free as possible. Feel free to contact me for local information like the best schools and communities. |
Isn't it nice to know you have a friend in the real estate business that you are comfortable referring the people you care about to?
Steve Meyers featured on WXYZ Action News 7
Inflation is leading to higher summer property taxes
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