Homes are selling in Ann Arbor Area, is yours?
What houses are selling in Ann Arbor and the surrounding area’s in Washtenaw County?
Bottom line, the houses that are priced right. Just this weekend, two of my buyer agents were going to write offers on two different houses, one is Saline and one in Ypsilanti Township.
Both already had multiple offers.
Multiple offers, here?
Yes here. One house was in foreclosure in a very good neighborhood in Saline. The one in Ypsilanti Township was owned by a relocation company.
Both of the houses were priced very well. Relocation companies don’t want any more houses in their inventory so they are very negotiable. Banks don’t want any more homes in inventory they are negotiable.
However, if you are looking at a foreclosed home, short-sale or relocation house, make a good clean offer or you may lose out, like our two clients did this weekend. If you like the house, chances are someone else is going to like it too. Value is determined by the market.
If you are looking at 10 homes to buy, you will pick out the one that has the most “perceived value” as will others.
Here is an example: Two homes in the same subdivision, one is priced at 185,000. One is priced at 220,000. Same square footage, same sub. Home number one is owned by a bank or relo company. Home number 2 is owned by the sellers and can’t go any lower due to what they owe on the house.
Which would you buy?
A rhetorical question…
Those are the homes that are selling first. Home number 2 is actually helping sell home number one because of the price. Last Spring and Summer, the Pfizer homes sold first in every subdivision. They were priced to sell and below the other houses listed in the sub. We still get calls from people, “I want a Pfizer home.”
Sorry but there are very few left. If you see house that meets your needs, my advice is don’t wait. Chances are it won’t be there when you come back or you will compete with multiple offers.
You can begin your home search here at Search Ann Arbor Houses.
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