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: September’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 5% and Oakland County Average Sales price was up by more than 5%. Macomb County’s on market inventory was unchanged at 0% and Oakland County’s on market inventory was up by more than 5%. Macomb County average days on market was 29 days and Oakland County average days on market was 25 days. Closed sales in Macomb County were up by more than 2% and closed sales in Oakland County were up by more than 4%. (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 September the State of Michigan inventory was at 2.8 months of supply. Macomb County's inventory was at 2.4 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: In September’s column you mentioned that just having a Power of Attorney was no good if we should die. We also have a Will that states our house is to go to our daughter. Is that good?
Answer: As usual, my disclaimer; I’m not an attorney nor am I giving legal advice and you should always consult an attorney regarding legal matters. While it’s good to have a Will, your daughter would still have to go through Probate to get the house because a Will cannot transfer the Ownership/Title of real estate. If there was a Quit Claim Deed or a Life Estate Deed (aka: Ladybird Deed) or a Trust then it would be a different story. Nowadays, with most homes and condos being worth hundreds of thousands of dollars if not millions, spend a little time and money now to do some estate planning. It will be a lot cheaper than going through Probate and a lot less stressful for your heirs.
©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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